8632 HANOVER RD
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2023 | Sold | ||
| Sold | |||
| Jun 22, 2023 | Listed by EXIT REALTY 1ST LLC | $299,900 | |
| Listed by EXIT REALTY 1ST LLC | |||
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Welcome to the serene splendor of Hanover, Michigan, where a timeless farmhouse resides on a 2.83 acre landscape. Offering country charm.
Over the last three years, this farmhouse has been delicately rejuvenated. Traditional siding harmonizes with a newer roof to present a classic façade, while the interior enchants with a contemporary color palette, newer flooring, and a welcoming ambiance.
Inside its generous 3100 sq. ft., you'll find four bedrooms and two baths on the main level, including a primary suite with dual closets and a private bath. Upstairs hosts two more bedrooms, a bath, and a bonus room equipped with two walk-in closets.
The home's heart is a bright kitchen with white cabinets and two sinks, one with delightful views of the outdoors. This area flows into the dining and living rooms, creating an open environment for gatherings.
Throughout, thoughtful design accommodates storage and remote working needs. Unique to the property are two basements, a modern one for utility and a rustic, cellar-style one, both awaiting your customization.
Step outside into a landscape teeming with local wild life and mature trees. A fenced area, perfect for a garden, pets, or farm animals, embraces the spirit of true country living. Gracing the front lawn is a special touch of historical charm - a large rock complete with an original horse shackle. This tangible piece of history adds a unique allure to the property, connecting its past and present.
Complementing the farmhouse is a 40x24 rustic pole barn, offering ample space for storage or hobbies. This opportunity to own a piece of history in Hanover, Michigan beautifully intertwines peaceful country living with modern conveniences.
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| Feb 18, 2021 | Sold | ||
| Sold | |||
| Oct 29, 2020 | Listed by RE/MAX MID-MICHIGAN R.E. | $224,900 | |
| Listed by RE/MAX MID-MICHIGAN R.E. | |||
| Jul 20, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017