About This Home
This 3-bedroom, 2-bathroom single family at 4146 W State Road 56 in Hanover, IN is listed for $450,000 ($216 per sqft). Built in 1960, the home offers 2,088 sqft of living space on a 2.89 acres lot.
Key Features
- Built in 1960
- 2.89 acre lot
- Fireplace
Property Details
Amenities
Investors- Developers Take Note! Prime Land Opportunity. Take advantage of the expansion of Hanover's fast growing commercial development and neighboring Hanover College! The Town of Hanover has recently annexed this property into town limits and has approved a comprehensive plan labeling this property potential to be mixed use zoning.
Currently zoned R-1 allows up to 4 single family homes per acre, but with the need for more housing, this is enough land for apartments or duplexes. It is also large enough for potential commercial use.... Just to the west is commercial zoned with Dollar General, Urgent Care, Overhead Door, McDonalds, Subway, Taco Bell, and Gas Station.
Property has an updated recorded survey. The current residence is a 3 bedroom/2 bathroom home that could continue on as a single family residence/rental or converted to an office/business. ***Some photographs are potential conceptual development renderings. Seller is willing to short term lease the property... $1,800.00/mo utilities included. No pets. No smoking. Tenants must pass a background and credit check.
Monthly Cost Estimate
$2,407/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4146 W State Road 56
Hanover, IN 47243
Features & Amenities
Interior Features
Exterior Features
Property Details
Outdoor Features
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 4146 W State Road 56 is listed at $450,000 ($216/sqft). The estimated monthly payment is $2,406 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1960, 2.89 acre lot, Fireplace. Interior Features: 1st Floor Main, Breakfast Bar, Built-in Bookcase. Exterior Features: Covered Patio.
This property is listed by Robin Mingione and can be reached at (812) 734-6048.