5 months on rocket

12889 Iola Dr, Hanover, NY, 14081

$425,000

Home List Price

$5,047*

Closing Credit

5 Bedrooms
2 Full Baths
1,297 SqFt
$328/SqFt
Multi

Location

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12889 Iola Dr, Hanover$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingCarport, No Driveway
Year Built1940
HeatingNatural Gas, Forced Air
WaterfrontBeach, Deeded Access, Lake Front
ViewWater
MLS #B1549034
Lot Size0.09 Acres
StatusActive

About 12889 Iola Dr

Welcome to the much sought-after Sunset Bay Lakefront Community - and not one, but TWO cottages on one lot just steps away from the beach. Watch the sunset from your own front porch! Extremely short walk to the beach - the only way to be closer would include the cost of lakefront property. Deeded water rights. Perfect set up for personal use or rental income – OR BOTH. Frontage on both Iola Dr and Shady Ln. The main cottage features 3 bedrooms, 1 bath, LR & large eat-in kitchen, covered outside lounge area with concrete slab & carport. Rental income potential is year-round for the main cottage. Second cottage features 2 bedrooms, 1 bath, K, LR and loft area with potential to add finished space and a great front porch to watch the sunset. Shingle roof 2015, metal roof 2020. Seller willing to share list of renters with buyer. Can be sold furnished, if desired. SHOWINGS BEGIN IMMEDIATELY!

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 1
  • Living Area: 1,297 SqFt

Listing Office:

  • Office Name: HUNT Real Estate Corporation
  • Office Phone: (716) 998-7887
  • Listing Agent: Kathryn Trina Schiavitti

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: No
  • Flooring Type: Laminate, Varies

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Beach, Deeded Access, Lake Front
  • View: Water
  • Exterior: Deck

Parking Information:

  • Parking: Carport, No Driveway

Lot Features

Lot Information:

  • Lot: Corner Lot, Flood Zone, Rectangular Lot
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Follow I-90 to exit 58 (NY-5W/US-20W), turn right onto Allegany Rd. Drive over the railroad tracks and veer left to Iola Dr. Property is on your left, just before the beach.

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $328/SqFt
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Housing Market Comparison

See how this home compares to others in Hanover, NY.

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Hanover, NY

City

Med. Sold Price

$175K

Med. Price/SqFt

$103

Avg. Days On Market

10

# of Sold Homes

2

12889 Iola Dr vs Hanover

174 DAYS ON ROCKET

+164 Days

$425,000

+$250K More

$328/SqFt

+$224 More

KEY TAKEAWAY

This property is $250K more than the Median Sold Price and $224/SqFt more than other homes in Hanover, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NYS
  • MLS Number: #B1549034

Listing Office:

  • Office Name: HUNT Real Estate Corporation
  • Office Phone: (716) 998-7887
  • Listing Agent: Kathryn Trina Schiavitti

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/22/2024, 6:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$2,189

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-899882
4
/10

  • Silver Creek Elementary School

  • 1 Dickinson St

  • 2.87 miles

  • Public District Grades PK-5

school-card-donut-899883
4
/10

  • A J Schmidt Elementary School

  • 9455 Lake Shore Rd

  • 4.80 miles

  • Public District Grades KG-5

school-card-donut-899884
3
/10

  • John T Waugh Elementary School

  • 100 High St

  • 7.25 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,631. Most Hanover, NY residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Chautauqua County›Hanover›14081›12889 Iola Dr

This home is located at 12889 Iola Dr in Hanover, NY and zip code 14081. This 1,297 square foot home, which was built in 1940, sits on a 0.09 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 30, 2024 and is currently priced at $425,000.

In November 2024, from all listings sold in Hanover, NY there were more than 1 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price. The inventory of homes for sale in Hanover, NY between October 2024 and November 2024 decreased by 22.9%. Listings spent 10 days on the market in November 2024, and had a median list price of $175,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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