This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/22
$185,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/22
Property Description
Investors take note - this property offers exceptional potential in an excellent location with beautiful winter water views of the Thames River. With key upgrades already completed and major valueadd opportunities ahead, this is the kind of project seasoned buyers look for. The home features a newly tiled full bathroom, new kitchen cabinets and countertops, and a new roof, giving you a solid head start on the renovation process. A contractor's power pole is already in place for electrical access during construction. Inside, the layout includes a living room, dining room, kitchen, two bedrooms, and a full bath, offering a practical footprint for redesign, expansion, or modernization. The property requires a full rehab, including: New heating system New septic system Town water hookup Additionally, the front shop building must be completely demolished - do not enter. With its desirable setting, riverview backdrop, and strong longterm upside, this property is ideal for contractors, flippers, or investors ready to bring a vision to life. Opportunities in locations like this are rare - secure this highpotential project and unlock its full value.
Full Property Details
Full Property Details for 7 River Dr
General
- Price: $185,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Single Family
- Source: SMARTMLS
- MLS ID: 24178387
- Updated: 5/31/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 5
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
- Primary Bedroom: Primary Bedroom, Upper
- Bedroom 1: Bedroom, Upper
Other Rooms
- Living Room: Living Room, Main
- Kitchen: Kitchen, Main
- Dining Room: Dining Room, Main
Parking
- Total Spaces: 2
- Parking: Off Street Parking
Location
- County: New London
- Neighborhood: Gales Ferry
- Driving Directions: GPS Friendly Sign out front
School Information
- Elementary School: Per Board of Ed
- High School: Per Board of Ed
Community
- Community Name: Gales Ferry
Heating & Cooling
- Cooling Type: None
- Heating Type: No Heat
- Water Heater: No Hot Water
Utilities
- Sewer: Cesspool
- Water: None
Structural Information
- Architectural Style: Cape Cod
- Construction Status: No/Resale
- Exterior Const.: Wood
- Basement Desc.: Full
- Roof: Asphalt Shingle
- Square Feet: 1,281
- Above Ground: 1,281 Sq. Ft.
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.28
- Zoning: R40
- Lot Description: Rolling
Financial Considerations
- Assessment Amount: $105,840
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Property ID: 1510514
Listed by Carl Guild & Associates, Martha Poole
Get Pre-Approved Today
Schools
Schools serving 7 River Dr
School District:Ledyard School District
| Name | Grades | Distance |
|---|---|---|
Gales Ferry School 1858 Route 12, Ledyard, CT 06335 | PK-2 | 0.5 mi |
Juliet W. Long School 1854 Route12, Ledyard, CT 06335 | 3-6 | 0.5 mi |
Ledyard Middle School 1860 Route 12, Ledyard, CT 06335 | 7-8 | 0.6 mi |
Ledyard High School 24 Gallup Hill Road, Ledyard, CT 06339 | 9-12 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7 River Dr
Date
Details
Price
Change
Source
5/31/2026
Listed
$185,000
270%
MLS
9/24/2024
Sold
$50,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7 River Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,931
6%
$105,840
1%
2023
$3,707
2%
$105,280
—
2023
$3,638
2%
$105,280
—
2022
$3,561
1%
$105,280
—
2021
$3,537
-3%
$105,280
1%
2020
$3,628
-5%
$103,740
-5%
2019
$3,821
2%
$108,990
—
2018
$3,737
5%
$108,990
—
2017
$3,547
2%
$108,990
—
2016
$3,477
5%
$108,990
—
2015
$3,313
-2%
$108,990
-3%
2014
$3,370
6%
$112,700
—
2011
$3,178
—
$112,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7 River Dr
7 River Drive, Ledyard, CT 06335 (MLS# 24178387) is a Single Family property with 2 bedrooms and 1 full bathroom. 7 River Drive is currently listed for $185,000 and was received on May 31, 2026. Want to learn more about 7 River Drive? Do you have questions about finding other Single Family real estate for sale in Gales Ferry? You can browse all Gales Ferry real estate or contact a Coldwell Banker agent to request more information.

