506 Center Street, Hanover, MA 02339

506 Center Street Hanover MA 02339
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Owner Information
Owner 1
Elizabeth Lehnertz
Owner 2
Owner's Address
506 Center St Hanover, MA 02339
Market Sale Information
Most recent sale date
6/8/2022
Previous sale date
05/19/2017
Transfer document #
56897-110
Previous transfer document
48447-0287
Grantor
Justin Baker
Previous grantor
Gilbert R Ball
Most recent sale price
$675,000.00
Previous sale price
$380,000.00
Site Information
Property ID
70-30
Lot Size
0.38
Use Code
101 - Residential, single family
Zoning
Building Style
Conventional
Number of Rooms
8
Stories
2
Number of Beds
3
Year Built
1950
Number of full baths
2
Condition
Number of half baths
0
Finished Area
1956
Number of Kitchen
Gross Living Area
2400
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Ceramic Tile
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Hot Water
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Gas
Frame type
Air Condition (%)
Sidings
Wood Shingle
Assessment Information
Fiscal Year
2024
Land Value
$229,600.00
Total value
$521,700.00
Building value
$292,100.00
Estimated tax
$7,037.00
Yard improvement value
$0.00
Flood Map MassMapper Google Street View
Certified Mass Appraisal
201420152016201720182019202020212022$0$100,000$200,000$300,000$400,000$500,000$600,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
Mailing Labels $Valuation Report Copy To Clipboard
506 Center Street1432 Broadway100 Cross Street197 Circuit Street$490,000$500,000$510,000$520,000$530,000$540,000$550,000$560,000$570,000$580,000$590,000Subject PropertyTotal Assessment ($)Total Assessment
Address 506 Center Street A) 100 Cross StreetB) 1432 BroadwayC) 197 Circuit Street
Photo
Plan
Map
Proximity 0.20.70.9
Last Sold 4/3/202512/18/202412/3/2024
Price $705,000$755,000$754,000
Net Living Area 1,9301,8482,221
Stories 1.7512
Sale Price/sft $345.09$365.28$408.55$339.49
Style ConventionalCape CodConventionalColonial
Age 1950195418901969
Rooms 8778
Bedrooms 3424
Full baths 2223
Half baths 0000
Gross Living Area 2400376928403835
Heating Fuel GasGasGasOil
Detached Garage
Lot Size 0.380.92.951.3
Roof Cover Asph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/Cmp
AEM Value - Building $292,100.00$278,600$255,800$327,000
AEM Value - Land $229,600.00$247,100$269,400$256,700
AEM Value - Other $0.00$0$0$0
AEM Value - Total $521,700.00$525,700$525,200$583,700
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 506 Center Street 6/8/2022 $675,000 0 Conventional 1,956 0.38 3 2-0 -
  Criteria
A 100 Cross Street 4/3/2025 $705,000 0.2 Cape Cod 1,930 0.9 4 2-0
B 1432 Broadway 12/18/2024 $755,000 0.7 Conventional 1,848 2.95 2 2-0
C 197 Circuit Street 12/3/2024 $754,000 0.9 Colonial 2,221 1.3 4 3-0
Averages 127 days $738,000 0.59 --- 2,000 1.72 --- ---  

Estimation of Market Value - $714,253

As of today, 05/24/2025, the estimated market value of 506 Center Street, Hanover considering the above 3 comparable properties is $714,253.

 

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 Property369 Myrtle Street361 Myrtle Street343 Myrtle Street516 Center Street364 Myrtle Street376 Myrtle Street379 Myrtle Street352 Myrtle Street552 Center Street344 Myrtle Street304 Myrtle Street553 Center Street500 Center Street506 Center Street538 Center Street314 Myrtle Street489 Center Street80 Gail Road295 Myrtle Street42 Old Cross Street466 Center Street95 Cross Street515 Center Street389 Myrtle Street526 Center Street12 Stacy Lane7 Stacy Lane$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
@ 506 Center Street 6/8/2022 $675,000 0 Conventional 1,956 0.38 3 2-0 -
  Criteria
A 516 Center Street 1/17/2007 $315,000 0.0 Cape Cod 1,614 0.4 3 2-0
B 500 Center Street 4/3/2020 $1 0.0 Ranch 1,511 0.56 3 2-0
C 361 Myrtle Street $0 0.0 Colonial 1,428 0.32 3 1-0
D 343 Myrtle Street 9/28/2015 $321,500 0.0 Ranch 1,132 0.33 2 2-0
E 369 Myrtle Street 5/3/2023 $1,005,000 0.0 Mobile Home 804 0.33 1 1-0
F 526 Center Street 12/20/2004 $100,000 0.1 Cape Cod 2,182 1.71 3 1-1
G 515 Center Street $0 0.1 Colonial 2,424 2.03 3 2-1
H 489 Center Street 2/27/2007 $1 0.1 Conventional 1,658 0.94 4 2-0
I 379 Myrtle Street 5/27/2008 $1 0.1 Ranch 1,410 0.71 3 2-1
J 352 Myrtle Street 7/30/1999 $225,000 0.1 Ranch 1,118 0.56 3 1-0
K 364 Myrtle Street 8/7/2020 $430,000 0.1 Cape Cod 1,404 0.5 3 2-0
L 344 Myrtle Street 1/14/2016 $354,000 0.1 Raised Ranch 1,056 0.65 4 1-1
M 389 Myrtle Street 11/12/2010 $548,000 0.1 Colonial 2,883 1.25 4 2-1
N 538 Center Street 7/31/2014 $415,000 0.1 Ranch 2,080 1.18 2 1-1
O 376 Myrtle Street 4/19/2018 $440,000 0.1 Cape Cod 1,337 0.5 3 2-0
P 475 Center Street 5/27/1999 $240,000 0.1 Apartmnt Older 3,198 0.69 7 5-0
Q 466 Center Street 12/16/2013 $1 0.1 Three Family 3,748 0.85 5 4-0
R 553 Center Street 6/16/2009 $337,000 0.1 Antique 2,012 0.98 3 2-0
S 314 Myrtle Street 6/15/2011 $374,500 0.1 Colonial 1,928 0.69 4 1-1
T 42 Old Cross Street 8/31/2005 $462,500 0.1 Raised Ranch 1,532 0.64 2 2-0
U 295 Myrtle Street $450,000 0.1 Cape Cod 2,395 0.82 2 1-1
V 552 Center Street 2/8/2024 $739,000 0.1 Split-Level 1,114 0.69 3 1-1
W 12 Stacy Lane 11/30/2006 $745,000 0.1 Colonial 2,999 0.69 4 2-1
X 95 Cross Street 10/26/2020 $651,000 0.1 Colonial 1,869 1.06 3 2-0
Y 7 Stacy Lane 7/23/2008 $395,000 0.1 Colonial 3,172 0.55 4 2-1
Z 82 Gail Road 10/14/2014 $1 0.1 Colonial 1,338 0.71 3 2-0
- 465 Center Street 6/14/2018 $1 0.1 Ranch 1,872 0.72 4 3-0
- 80 Gail Road 3/1/2018 $530,000 0.1 Colonial 1,758 0.8 3 1-1
- 304 Myrtle Street 7/14/2022 $635,000 0.1 Colonial 1,795 0.69 4 1-1
Averages 4483 days $334,914 0.08 --- 1,889 0.78 --- ---  
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
70-30 506 Center Street