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    • Price cut: $25.5K (7/13)
    $799,500

    7 Silver Falls Road, East Lyme, CT 06333

    5beds
    3,386sqft
    : 
    $5,288/mo
    Get pre-qualified
    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $236/sqft
    $-- HOA

    What's special

    Established fruit trees
    Rare income-producing multi-family opportunity or ideal multigenerational compound in East Lyme! Situated on a sprawling 2.37-acre retreat along scenic Latimer Brook, this unique property features two fully detached homes on one lot. A high-yielding, flexible setup that is virtually impossible to replicate today. Perfect for savvy investors, families seeking separate-but-close living, or owner-occupants looking to offset their mortgage, the estate includes a spacious 2,252 sq. ft. main house (4 BR, 3 BA, expanded in 2004) and a private, fully detached 1,134 sq. ft. ranch cottage (1 BR, 1 BA) completely renovated with an effective build year of 2018. Adding immense value is a massive, versatile outbuilding with a workshop and garage space, ideal for home businesses, hobbyists, or extra storage rental income. The park-like acreage offers ultimate privacy with established fruit trees and the soothing sounds of Silver Falls, all while remaining minutes from East Lyme's coastal amenities, major highways, and top-rated schools. Live in one and rent the other, house multiple generations with perfect privacy, or lease both for maximum cash flow. This unique multi-family asset delivers endless potential. This property is not in a Flood Zone. The driveway to the cottage is a right-of-way over 59 Silver Falls Rd, Montville.
    46 days
    |
    1,474
    |
    63
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Amanda Gaudette (860)859-7610,

    William Pitt Sotheby's Int'l 860-536-5900

    Source: Smart MLS,MLS#: 24186470MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Baseboard, Heat Pump, Wood/Coal Stove, Electric, Oil, Wood
      Cooling
      • Ductless, Wall Unit(s)
      Appliances
      • Included: Water Heater, Electric Water Heater
      • Laundry: In Unit
      Features
      • Basement: Full
      • Attic: Crawl Space,Access Via Hatch
      • Has fireplace: No
      Interior area
      • Total structure area: 3,386
      • Total interior livable area: 3,386 sqft
      • Finished area above ground: 3,386
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 10
      • Parking features: Attached, Paved, Driveway, Unpaved, Asphalt, Gravel
      • Attached garage spaces: 1
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Patio
      • Exterior features: Rain Gutters, Stone Wall
      • Spa features: Heated
      • On waterfront: Yes
      • Waterfront features: Waterfront, Brook, Access
      Lot
      • Size: 2.37 Acres
      • Features: Wetlands, Level
      Details
      • Additional structures: Barn(s), Guest House
      • Parcel number: 1472289
      • Zoning: R40

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Shake Siding, Cedar
      • Foundation: Concrete Perimeter, Stone
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      Green energy
      • Energy generation: Solar

      Community & HOA

      Community
      • Features: Golf, Library, Medical Facilities, Pool, Near Public Transport, Tennis Court(s)
      HOA
      • Has HOA: No
      Location
      • Region: East Lyme

      Financial & listing details

      • Price per square foot: $236/sqft
      • Tax assessed value: $381,290
      • Annual tax amount: $10,680
      • Date on market: 6/24/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/13/2026Price change$799,500-3.1%$236/sqft
        Source: Smart MLS #24186470 Report a problem
        6/26/2026Listed for sale$825,000+150%$244/sqft
        Source: Smart MLS #24186470 Report a problem
        4/6/2017Sold$330,000-8.1%$97/sqft
        Source: Public Record Report a problem
        7/1/2016Listing removed$359,000$106/sqft
        Source: Heritage Properties SPC #E10104864 Report a problem
        6/6/2016Price change$359,000-4.3%$106/sqft
        Source: Heritage Properties SPC #E10104864 Report a problem
        4/22/2016Price change$375,000-6%$111/sqft
        Source: Heritage Properties SPC #E10104864 Report a problem
        3/28/2016Pending sale$399,000$118/sqft
        Source: Heritage Properties SPC #E10104864 Report a problem
        2/9/2016Price change$399,000-2.4%$118/sqft
        Source: Heritage Properties SPC #E10104864 Report a problem
        1/21/2016Listed for sale$409,000-3.8%$121/sqft
        Source: Heritage Properties SPC #E10104864 Report a problem
        7/26/2015Listing removed$425,000$126/sqft
        Source: Owner Report a problem
        4/27/2015Listed for sale$425,000-22.7%$126/sqft
        Source: Owner Report a problem
        3/24/2011Listing removed$550,000$162/sqft
        Source: Owner Report a problem
        11/22/2009Listed for sale$550,000+233.3%$162/sqft
        Source: Owner Report a problem
        7/2/1999Sold$165,000+13.8%$49/sqft
        Source: Smart MLS #E90657 Report a problem
        6/11/1996Sold$145,000$43/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,680 +6.3%$381,290
        2024$10,047 +5.9%$381,290
        2023$9,486 +4.4%$381,290
        2022$9,090 +15.5%$381,290 +38.1%
        2021$7,873 +1.1%$276,150 +0.6%
        2020$7,788 +0.6%$274,610
        2019$7,741 +10.1%$274,610 +6.9%
        2018$7,028 -2.5%$256,970 -6.7%
        2017$7,208 -0.3%$275,520 -3.4%
        2016$7,232 +2.6%$285,180
        2015$7,047 +2.8%$285,180
        2014$6,853 +2.9%$285,180
        2013$6,659 +2.5%$285,180
        2012$6,496 -5.8%$285,180 -19.5%
        2011$6,894 -0.4%$354,060
        2010$6,922 +1.9%$354,060
        2009$6,794 $354,060
        2008$6,794 +3.4%$354,060
        2007$6,568 +4.2%$354,060 +59.5%
        2006$6,302 +27.6%$221,970 +20.6%
        2005$4,939 +3.4%$184,030
        2004$4,776 +6.6%$184,030
        2003$4,481 -0.1%$184,030 +24.4%
        2001$4,484 +11.4%$147,980 -0.8%
        1995$4,026 $149,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 06333

        Getting around

        1 / 100
        Car-Dependent
        20 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Flanders
        • Middle: East Lyme
        • High: East Lyme

        Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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