Value-add opportunity at 21 Iron St, Ledyard, CT 06339, featuring 4 bedrooms, 1 bathroom, and approximately 1,142 sqft, built in 1973, on approximately 0.30 acre. This Cape includes an attached single-car garage, vinyl siding, and a full unfinished basement. Existing plumbing may accommodate an additional half bath, subject to verification and approvals.
Potential Spread: $110,000–$125,000 Before Repairs, Financing, Holding, and Transaction Costs
The upper end of the estimated ARV assumes a strong renovation, resolution of systems and moisture issues, and an approved additional half bath.
Transaction Details
Closing Date: TBD
Occupancy: Owner-occupied, per seller
Access instructions: Contact us to arrange a walkthrough; appointment required
EMD: $5,000
Property Condition
Roof: Shingles need replacement; seller reports no current leaks. Age and underlying condition to be verified.
HVAC: Public records indicate electric baseboard heat; system type, operation, age, and cooling equipment to be verified.
Plumbing: Well water and septic, per seller. Existing plumbing reportedly offers potential for an additional half bath; feasibility, permits, and system condition to be verified.
Electrical: Older electrical panel and wiring updates reported; service capacity and required scope to be assessed.
Foundation: Full unfinished basement with occasional seepage reported. Foundation type, condition, and moisture source to be evaluated.
Interior: Cosmetic updates needed, including flooring/carpet. Windows and deck resurfacing also reported as needed. Final renovation scope to be determined during walkthrough.
Comparable Properties
155 Iron St, Ledyard, CT 06339 — $358,600: 1,024 sqft | 3/1 bed/bath | Sold 09/24/2026. Renovated ranch on the same street.
3 Hilltop Dr, Ledyard, CT 06339 — $380,000: 1,077 sqft | 3/1 bed/bath | Sold 03/13/2026. Updated home with a two-car garage and additional lower-level space.
30 Ledgewood Dr, Gales Ferry, CT 06335 — $286,000: 1,132 sqft | 3/1.5 bed/bath | Sold 09/24/2026. As-is renovation opportunity with an attached two-car garage.
Comparable properties differ in condition, layout, features, and location. Sale prices are unadjusted and do not establish the subject’s value.
Next Steps
Contact us if you need more information
Schedule a property walkthrough
Make an offer directly on this page
Sign assignment agreement
Disclaimers
IMPORTANT: The advertised price includes the original contract price plus an assignment fee. Buyer is responsible for conducting their own due diligence, including verifying property specifications, lot size, zoning, condition, comparable sales, renovation costs, and projected resale value. Any additional bathroom is subject to feasibility, permits, and applicable approvals. ARV is an estimate, not a guarantee. Potential spread is not net profit. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material.
Time-sensitive opportunity — this contract is being offered to multiple investors.
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
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ARV $365,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $392,000.