This is a rare opportunity to own a two-family home, in the sought-after town of East Lyme. This duplex is in the Black Point community, within walking distance of Niantic Bay, Pattagansette River, Niantic Boardwalk, downtown Niantic shops, restaurants, and much more. Each unit has 2 beds, 1 and a half baths, and are mirror images of each other. Each unit has laundry on the main level and ample storage space. unit A has been freshly painted and a new water heater has been installed. This is a fantastic investment, Live in 1 unit and collect rental income, build your portfolio, or keep a loved one close, there are endless possibilities-professional photos to come.
Multi-familyProperty Type
1985Year Built
0.42 acresLot Size
$168Est. Price/Sq.Ft.
Listed by Nancy Potts• Coldwell Banker Realty
Bought with Banglian Gao• United Realty Plus
Source:Smart MLS #24051798
Redfin Estimate
$538,123
$88K since sold in November 2024$14K since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 10.1% lower than the average sale price ($598K) of 6 comparable homes.
Well maintained 2 family home on a beautiful, level oversized lot. This home is located in the desirable Black Point neighborhood, and is within walking distance to the beach and town. A wonderful opportunity to live on one side and collect rent from the other or ideal for an investor.
Year
Property tax
Land + Additions
Assessment*
2023
$4,890 (+4.4%)
$85,470 + $111,090
$196,560
2022
$4,686 (−6.1%)
$85,470 + $111,090
$196,560
2021
$4,989 (+0.5%)
$85,470 + $89,530
$175,000
2020
$4,963 (+0.6%)
$85,470 + $89,530
$175,000
2019
$4,933 (+3.1%)
$85,470 + $89,530
$175,000
2018
$4,786 (+4.5%)
$85,470 + $89,530
$175,000
2017
$4,578 (−1.2%)
$85,470 + $89,530
$175,000
2016
$4,635 (+5.5%)
$85,470 + $97,300
$182,770
2014
$4,392 (+2.9%)
$85,470 + $97,300
$182,770
2012
$4,268
$85,470 + $97,300
$182,770
Tax history for 85 Fairhaven Rd
Year
Property tax
Land + Additions
Assessment*
2023
$4,890 (+4.4%)
$85,470 + $111,090
$196,560
2022
$4,686 (−6.1%)
$85,470 + $111,090
$196,560
2021
$4,989 (+0.5%)
$85,470 + $89,530
$175,000
2020
$4,963 (+0.6%)
$85,470 + $89,530
$175,000
2019
$4,933 (+3.1%)
$85,470 + $89,530
$175,000
2018
$4,786 (+4.5%)
$85,470 + $89,530
$175,000
2017
$4,578 (−1.2%)
$85,470 + $89,530
$175,000
2016
$4,635 (+5.5%)
$85,470 + $97,300
$182,770
2014
$4,392 (+2.9%)
$85,470 + $97,300
$182,770
2012
$4,268
$85,470 + $97,300
$182,770
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
0.42 Acres
Year renovated
—
Sq. Ft.
2,160
Year built
1985
Style
Multi-Family (2-4 Unit)
County
New London County
APN
1467147
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2023.
Property details
Interior
Interior Information
Total Rooms: 8
Bathroom Information
# of Baths (Full): 2
# of Baths (Half): 2
Bedroom Information
Beds Total: 4
Room Information
Basement Description: Crawl Space
Multi-Unit Information
Total Rooms Multi Family: 8
Total Number of Units: 2
Exterior
Exterior Features
Roof Information: Asphalt Shingle
Exterior Siding: Shingle
Lot Information
Lot Description: Level Lot
Building Information
Foundation Type: Concrete
Construction Description: Frame
Property Information
Waterfront Description: Walk to Water, Beach Rights
Property Type: Multi-Family For Sale
Property Sub Type: 2 Family
Financial
Assessments Information
Assessed Value: $196,560
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Septic
Hot Water Description: Electric, 40 Gallon Tank
Heat Type: Baseboard
Heat Fuel Type: Electric
Location
School Information
High School: Per Board of Ed
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Nearby Amenities: Golf Course, Health Club, Lake, Library, Public Rec Facilities
Directions: Gps Friendly
County: New London
Public facts
Beds: 4
Baths: 3.0
Sq. Ft.: 2,160
Stories: 2.0
Lot Size: 0.42 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1985
Year Renovated: —
County: New London County
APN: 1467147
Home facts updated by county records on Jul 13, 2023
Other
Documents & Disclosures
Supplement Count Public: 1
Around this home
Schools
Niantic Center School
Public K-4 • Assigned • 0.6mi
10/10
East Lyme Middle School
Public 5-8 • Assigned • 2.4mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
3/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 95° expected this year, 17 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Niantic, CT • 06357
Average low and high temperatures (°F)
36
23
38
24
50
34
59
43
67
52
78
61
83
68
79
63
73
58
64
48
55
38
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.6 hours in December, which is comparable to the
U.S. average for solar exposure.
9.1 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$512,000 – $619,000
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