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Hanover 03755
39 Rip Road
Listed by: Amy Redpath, Coldwell Banker LIFESTYLES - Hanover, Selling Office: LandVest, Inc./New Hampshire, Listing Courtesy of Prime MLS
$995,000
● House - Off Market

39 Rip Road

Hanover, NH 03755
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,863 Ft²
$6,582
Est. Monthly
2.29%
Cap Rate

About This Property

Coveted Rip Road location!  Within walking distance of Ray School, Richmond School, Storrs Pond, and Oak Hill!  Sitting on just over an acre, this adorable Cape has hardwood floors, eat-in kitchen, formal dining room, sunny living room with built-ins and fireplace.  Two bedrooms and a full bathroom on the main floor, additional two bedrooms and bathroom upstairs.  One car garage and full basement for storage.  Lovely lot with western facing exposure for your late day sunsets!
Unit Size
1,863 Ft²
Days on Market
-
Land Size
1.12 acres
Price per sqft
$604
Property Type
House
Property Taxes
$1,057
HOA Dues
-
Year Built
1958

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4984361)

Price History

Date / Event Date Event Price
May 13, 2024 Sold
Premium
Sold
Feb 8, 2024 Listed by Coldwell Banker LIFESTYLES - Hanover $1,125,000
Listed by Coldwell Banker LIFESTYLES - Hanover
Nov 1, 2022 Sold
Premium
Sold
Sep 12, 2022 Listed by Coldwell Banker LIFESTYLES - Hanover $1,100,000
Listed by Coldwell Banker LIFESTYLES - Hanover

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,140
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,787
  • Total Building Area: 1,863
  • Gross Building Area: 4,140
  • Building Area: 1,863
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,863
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001120
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hanover School District
  • Census Tract: 961603

Zoning

  • Zoning: SR1

Geography

  • Parcel: HNOV M:044 B:030 L:001
  • Block: 30
  • Lot: 1
  • Municipality: HANOVER
  • Latitude: 43.7167
  • Longitude: -72.2657

    Address

  • Full Address: 39 Rip Rd
  • Address - House Number: 39
  • Address - Street Name: Rip
  • Address - Suffix Type: Rd
  • State: NH
  • City Name: Hanover
  • Carrier Code: C005
  • 4-Digit Zip Code: 1616
  • Zip Code: 03755

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,268,400

    Appraisal Valuation

  • Standard Deviation: 0.0877
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 92
  • Final Value: 1,140,688
  • High Value: 1,240,740
  • Low Value: 1,040,637

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $713,000
  • Assessed Land Value: $416,500
  • Assessed Improvements Value: $296,500

    Sales

  • Current Sale Contract Date: Nov 01, 2022
  • Current Sale Recording Date: Nov 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22014878

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hanover

Stats & Trends

Median Asking:

$1,012,000

Sale Price/ft²

$390

Below Asking

0.02%

Average Days on Market

76

Average Home Size

3159 ft²

Average Home Age

70.3 years

Currently For Sale

15 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Prime

Listed by: Amy Redpath, Coldwell Banker LIFESTYLES - Hanover
Last Updated Date: 2024-05-13
Last Checked: -2 hour ago
Data Source: Prime MLS, MLS# 4984361
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 39 Rip Road built and last sold?
The property at 39 Rip Road was built in 1958 and last sold on Nov 1, 2022 for $1,052,000.
How much is this home worth?
The estimated value of the home located at 39 Rip Road is $0.
What are some comparable homes to 39 Rip Road?
There are currently no comparable homes to 39 Rip Road.
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