23 River Road

East Lyme, CT 06333

$1,100,000
Price
3
Beds
2
Baths
1,728 Sq. Ft.
$637 / Sq. Ft.
1,728
Sq. Ft.
$637
per Sq. Ft.

Description

Cozy Nest Cottages at 23 River Rd, East Lyme, CT offers a unique shoreline opportunity for owner occupants or investors. The main home, remodeled in 2007, is a charming year-round residence with water views, deeded access to the Niantic River, a mooring, and a generator hookup. It features a versatile 3-bedroom, 2-full-bath floor plan, a two-car garage, storage, and a shed. Situated on an acre-plus parcel, the property includes seven cottages ranging from 240 to 600 sq ft. These cottages feature...Cozy Nest Cottages at 23 River Rd, East Lyme, CT offers a unique shoreline opportunity for owner occupants or investors. The main home, remodeled in 2007, is a charming year-round residence with water views, deeded access to the Niantic River, a mooring, and a generator hookup. It features a versatile 3-bedroom, 2-full-bath floor plan, a two-car garage, storage, and a shed. Situated on an acre-plus parcel, the property includes seven cottages ranging from 240 to 600 sq ft. These cottages feature one-bedroom units with open kitchen-family room styles, studios with lofts, and larger open-concept studios. Six cottages have porches, and three are seasonal, all showcasing a unique "cottage beach style" with one bathroom per cottage. Ideal for family vacations, friends' getaways, individuals, traveling nurses, and wedding parties, the cottages also offer significant rental income potential from platforms like Airbnb, VRBO, and private rentals. The main home can generate $3,500 per month, while the cottage rentals are estimated to bring in $60,000 - $75,000 annually, for a total potential annual rental income of $117,000. Additional highlights include a lodging license, no flood insurance requirement, and proximity to the Niantic River and Oswegatchie Hills Nature Preserve trails. This quiet enclave of homes is just minutes from I-95/I-395.
  1. Listed by Tyler DeVecchis • Berkshire Hathaway NE Prop.
    P: (860)-966-9217 C: (860)-966-9217 tylerdevecchisrealtor@gmail.com

Property Details for 23 River Road

Basement Description
Full
Direct Waterfront
No
Garages Number
2
Neighborhood
N/A
Style
Cottage
Garage Parking Info
Detached Garage
Swimming Pool
No
LISTING UPDATED: 12/18/2024 04:53 AM

Property Details for 23 River Road

StatusActive
MLS #24035490
Days on Market147
Taxes$9,232 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential
Year Built1912
Lot Size1.02 AC / 44,431 SF
CountyNew London County

Building Information for 23 River Road

Stories-Year Built1912Building Size-Lot Size1.02 AC / 44,431 SF

Property Information for 23 River Road

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Intermediate School: Per Board of Ed
  • Latitude: 41.368093
  • Longitude: -72.19557
  • Middle Jr High School: Per Board of Ed
  • Neighborhood Amenities: Lake, Park, Playground/Tot Lot, Public Pool, Shopping/Mall
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $9,232
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck, Gutters, Garden Area, Lighting
  • Waterfront Description: Walk to Water, Dock or Mooring, View, Access
Interior Features
  • Appliances Included: Microwave, Range Hood, Dishwasher, Washer, Dryer
  • Attic Description: Unfinished, Access Via Hatch
  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Interior Features: Auto Garage Door Opener
  • Rooms Total: 6
Room 1
  • Room Entry Order: 1
  • Room Level: Main
  • Room Type: Living Room
Room 2
  • Room Entry Order: 2
  • Room Level: Main
  • Room Type: Kitchen
Room 3
  • Room Entry Order: 3
  • Room Level: Main
  • Room Type: Dining Room
Room 4
  • Room Entry Order: 4
  • Room Level: Upper
  • Room Type: Primary Bedroom
Room 5
  • Room Entry Order: 5
  • Room Level: Upper
  • Room Type: Bedroom
Room 6
  • Room Entry Order: 6
  • Room Level: Upper
  • Room Type: Bedroom
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1912
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 0
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1471066
  • Sq Ft Est Heated Above Grade: 1728.0
  • Sq Ft Total: 1728.0
  • Zoning: R10
Utilities
  • Heat Fuel Type: Propane
  • Hot Water Description: Other, Propane, Domestic
  • Sewage System: Septic
  • Water Source: Private Well
Multi Family
Income and Expenses
  • Occupied By: Vacant
Unit 1
  • Listing Key: 1E2A230718FAC483E0631401100A0C46
Unit 2
  • Listing Key: 1E2A230718FAC483E0631401100A0C46
Unit 3
  • Listing Key: 1E2A230718FAC483E0631401100A0C46
Unit 4
  • Listing Key: 1E2A230718FAC483E0631401100A0C46
Unit 5
  • Listing Key: 1E2A230718FAC483E0631401100A0C46
Unit 6
  • Listing Key: 1E2A230718FAC483E0631401100A0C46

Property History for 23 River Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 23 River Road

Taxable ValueLand$82,740Additions$267,610Total$350,350
Tax Record2024$9,232 ($769 / month)
Home Facts
Beds0Lot Size44,412 SqFtStyleSingle Family ResidenceZoningR10CountyNEW LONDONAPNELYM M:031.2 B:00001 L:00000

Schools near 23 River Road

This home is within East Lyme School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Public - K to 4
Rating
School
Distance
East Lyme Middle School
Public5 to 8

East Lyme High School
Public9 to 12

Flanders School
PublicK to 4

Lillie B. Haynes School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

23 River Road is a single family home for sale in East Lyme, CT 06333. This property was listed for sale on July 26, 2024 by Berkshire Hathaway NE Prop., it's currently listed at $1,100,000. It has been on the market for a total of 147 days and was last sold on July 26, 2023. This listing's school district is East Lyme School District. Nearby schools include East Lyme Middle School, East Lyme High School and Flanders School. 23 River Road is a 3-bed, 2-bath, 1,728 sqft single family home built in 1912.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway NE Prop., Tyler DeVecchis

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.