
351 Old Farm Road Hanover — Photo 1 of 39
$1,225,000
Investment Analysis — 351 Old Farm Road
Hanover, MA 02339
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02339 carries an estimated $3,080/mo in gross rent — about a 1.37% cap rate and $16,807/yr in estimated NOI at the $1,225,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
3,052
Style
Single Family
Built
1985
From the beautifully designed interior to the spectacular backyard oasis, this home offers everything you've been waiting for in a sought-after neighborhood. The custom-designed kitchen is a standout feature, offering granite countertops, a large center island, two sinks, and a Sub-Zero refrigerator. Opens to the spacious family room, where vaulted ceilings, a stunning stone fireplace, and built-ins create a warm and inviting space . First floor also has a formal dining room, home office/living room with French doors, updated half bath, laundry room, and a bright sunroom. The tiled sunroom, which overlooks the fenced backyard and outdoor living space. Enjoy a patio, in-ground pool, gazebo, and fire pit. The primary en-suite has been renovated with a tiled walk-in shower and custom-built walk in closets. Additional bedrooms provide plenty of space for family and guests.Wood floors run throughout the home. The recently refinished basement features vinyl flooring. Additional highlights include a second renovated full bath, owned solar panels and a new pool filter. This special home has the perfect blend of thoughtful updates, timeless style, and exceptional indoor and outdoor living.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,052 sq ft principal dwelling). Lot size: 30,056 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Solar Hot Water • Oven • Microwave • Range • Refrigerator • Washer • Dryer • Water Treatment
Neighborhood
Shopping • Tennis Court(s) • Walk/Jog Trails • Golf • Bike Path • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 15
Flooring - Wood, French Doors, Decorative Molding
Dining Room
Lvl First15 x 11
Flooring - Wood, Chair Rail, Lighting - Pendant, Decorative Molding
Kitchen
Lvl First24 x 16
Flooring - Wood, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Lighting - Pendant
Family Room
Lvl First17 x 22
Flooring - Wood, Open Floorplan, Recessed Lighting, Decorative Molding
Master Bedroom
Lvl Second13 x 18
Bathroom - Full, Walk-In Closet(s), Flooring - Wood
Bedroom 2
Lvl Second12 x 15
Bedroom 3
Lvl Second12 x 14
Closet, Flooring - Wood
Bathroom 1
Lvl First5 x 7
Bathroom - Half, Closet - Linen, Flooring - Stone/Ceramic Tile, Pedestal Sink
Bathroom 2
Lvl Second8 x 9
Bathroom - Full, Bathroom - Tiled With Shower Stall, Skylight, Walk-In Closet(s), Countertops - Upgraded, Lighting - Sconce
Bathroom 3
Lvl Second9 x 11
Bathroom - Full, Bathroom - Tiled With Tub, Closet - Linen, Countertops - Upgraded, Lighting - Sconce
Listing Agent: Nancy King
Listing Office: Coldwell Banker Realty - Duxbury
MLS® Number: 73567863
