56 Elm Street, Hanover, MA 02339

Owner Information
Owner 1
Dennis Hutchison
Owner 2
Owner's Address
56 Elm St Hanover, MA 02339
Market Sale Information
Most recent sale date
3/30/2018
Previous sale date
02/26/1999
Transfer document #
49642-0245
Previous transfer document
17193-0342
Grantor
Dennis M Hutchison
Previous grantor
Joan W Donoian
Most recent sale price
$60,000.00
Previous sale price
$185,000.00
Site Information
Property ID
65-61
Lot Size
2.38
Use Code
101 - Residential, single family
Zoning
Building Style
Cape Cod
Number of Rooms
8
Stories
1.75
Number of Beds
3
Year Built
1965
Number of full baths
2
Condition
Number of half baths
0
Finished Area
2069
Number of Kitchen
Gross Living Area
4120
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Forced Air-Duc
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Oil
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$265,000.00
Total value
$514,300.00
Building value
$249,300.00
Estimated tax
$6,937.00
Yard improvement value
$0.00
Certified Mass Appraisal
201420152016201720182019202020212022$0$100,000$200,000$300,000$400,000$500,000$600,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
118 Hanover Street56 Elm Street136 Water Street96 Broadway$440,000$460,000$480,000$500,000$520,000$540,000$560,000$580,000$600,000$620,000Subject PropertyTotal Assessment ($)Total Assessment
Address 56 Elm Street A) 136 Water StreetB) 96 BroadwayC) 118 Hanover Street
Photo
Plan
Map
Proximity 0.60.70.9
Last Sold 2/13/202512/18/20243/13/2025
Price $530,000$910,000$506,125
Net Living Area 1,6811,9491,854
Stories 1.51.91
Sale Price/sft $29.00$315.29$466.91$272.99
Style Cape CodConventionalAntiqueAntique
Age 1965191018501763
Rooms 8878
Bedrooms 3333
Full baths 2122
Half baths 0110
Gross Living Area 4120302539742684
Heating Fuel OilOilGasOil
Detached Garage
Lot Size 2.381.250.411.38
Roof Cover Asph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/Cmp
AEM Value - Building $249,300.00$266,200$318,100$243,300
AEM Value - Land $265,000.00$256,300$281,200$257,300
AEM Value - Other $0.00$0$0$0
AEM Value - Total $514,300.00$522,500$599,300$500,600
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 56 Elm Street 3/30/2018 $60,000 0 Cape Cod 2,069 2.38 3 2-0 -
  Criteria
A 136 Water Street 2/13/2025 $530,000 0.6 Conventional 1,681 1.25 3 1-1
B 96 Broadway 12/18/2024 $910,000 0.7 Antique 1,949 0.41 3 2-1
C 118 Hanover Street 3/13/2025 $506,125 0.9 Antique 1,854 1.38 3 2-0
Averages 115 days $648,708 0.73 --- 1,828 1.01 --- ---  

Estimation of Market Value - $675,577

As of today, 05/29/2025, the estimated market value of 56 Elm Street, Hanover considering the above 3 comparable properties is $675,577.

 

In estimating the current market value, RealtyInSite follows the sales comparison (market) approach which is an approach based on the principles of supply and demand (principle of change) and the principle of substitution. The principle of substitution assumes that a prudent person will pay no more for a property than it would cost to purchase a comparable substitute property.

 

Comparable sales data are applied to arrive at an estimate of value. By default, comparable properties are those properties located within 1 mile of the subject property that have sold within the last 6 months and have a similar size of living area. The table shown above lists the comparable properties that were considered. Note that which properties are considered comparables can be adjusted by varying the selection criteria or deleting non-representative properties.

Neighboring Properties
Mailing Labels Copy to Clipboard
Subject Property0 Elm Street-Rear0 Elm Street0 Elm Street0 Elm Street106 Elm Street56 Elm Street92 Elm Street32 Elm Street48 Elm Street8 Elm Street73 Elm Street336 Broadway3 Tolman Road67 Elm Street$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000Total Assessment ($)Total Assessment
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 56 Elm Street 3/30/2018 $60,000 0 Cape Cod 2,069 2.38 3 2-0 -
  Criteria
A 48 Elm Street 6/28/2017 $1 0.0 Antique 2,357 2.1 3 1-1
B 92 Elm Street 8/3/2015 $411,000 0.1 Split-Level 1,182 0.6 3 2-0
C 32 Elm Street 11/24/1997 $183,000 0.1 Ranch 2,032 1.05 3 1-0
D 0 Elm Street-Rear 5/7/1973 $500 0.1 Vacant Land 0.3 -
E 3 Tolman Road 4/29/2024 $1,210,000 0.1 Colonial 2,645 1.4 4 2-1
F 67 Elm Street 4/9/2019 $700,000 0.1 Colonial 3,274 1.38 4 3-1
G 106 Elm Street 12/3/2001 $1 0.1 Conventional 1,370 2.03 2 1-0
H 0 Elm Street $0 0.1 Vacant Land 0.86 -
I 73 Elm Street 12/20/2013 $128,000 0.1 Cape Cod 2,592 2 3 2-1
J 0 Elm Street 9/16/2005 $1 0.1 Vacant Land 1.28 -
K 336 Broadway 12/3/2020 $649,000 0.1 Antique 4,624 2.36 6 4-1
L 8 Elm Street 5/20/2020 $1 0.1 Antique 2,726 1.94 4 2-0
M 0 Elm Street 9/16/2005 $1 0.1 Vacant Land 1.45 -
Averages 5733 days $252,423 0.09 --- 1,754 1.44 --- ---  
DISCLAIMER: The information in this report was collected from the concerned Assessors Office and Registry of Deeds.  Compu-Links disclaims any and all representations or warranties as to the accuracy of this information
65-61 56 Elm Street