new - 3 days on rocket

831 Hanover Ave NW, Roanoke, VA, 24016

$241,000

Home List Price

$2,862*

Closing Credit

5 Bedrooms
2 Full Baths
2,300 SqFt
$105/SqFt
House

Location

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831 Hanover Ave NW, Roanoke$241,000

Buyer Closing Credits

$2,862*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNot Applicable, N/A
Year BuiltNew Const., 1925
HeatingHeat Pump, Zoned
CoolingCentral Air, Heat Pump
BasementYes
MLS #913372
Lot Size0.14 Acres
StatusActive

About 831 Hanover Ave NW

PERFECT LONG TERM INCOME OPPORTUNITY! This gorgeous 5-bedroom, 2-bath single-family home is currently converted into a duplex with one tenant in place. This property provides an excellent chance to generate consistent rental income or easily revert back to a spacious family home. Located in the heart of Roanoke, it's just minutes from downtown and Orange Avenue, offering easy access to shopping, dining, and local amenities. Whether you're an investor looking for a property with immediate rental income or someone seeking future potential, this home is ideal. Don't miss out on this rare opportunity to own a piece of Roanoke with both immediate income and long-term value!

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story
  • Year Built: 1925
  • Stories: 2
  • Living Area: 2,300 SqFt

Listing Office:

  • Office Name: VIRGINIA REALTY GROUP

Interior Features

Interior Information:

  • Appliances: Electric Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Tile - i.e. ceramic, Vinyl, Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Not Applicable, N/A

Lot Features

Lot Information:

  • Lot: Cleared, Level
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump, Zoned
  • Cooling: Central Air, Heat Pump

Other

Directions Information:

  • Directions: Take 5-81 S towards Roanoke. Take exit 4W. Right on 8th St NW. Left on Hanover Ave. Home is on the Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $241,000
  • Price Per SqFt: $105/SqFt

Tax Information:

  • Annual Amount: $460
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Roanoke, VA.

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Roanoke, VA

City

Med. Sold Price

$279.1K

Med. Price/SqFt

$163

Avg. Days On Market

43

# of Sold Homes

164

831 Hanover Ave NW vs Roanoke

3 DAYS ON ROCKET

-40 Days

$241,000

-$38.1K Less

$105/SqFt

-$59 Less

KEY TAKEAWAY

This property is $38.1K less than the Median Sold Price and $59/SqFt less than other homes in Roanoke, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #913372

Listing Office:

  • Office Name: VIRGINIA REALTY GROUP

IDXAlthough the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.

All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.

All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/7/2025, 10:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 14, 2021Home Sold
$38,000

Tax History

YEARPROP. TAXASSESSMENT
2021$460$37,700
2020$620$37,700
2019$609$37,700
2018$610$37,700
2017$507$37,100

History based on county public records data.

Payment Calculator

$1,270

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$789

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NMLS#3030

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-888982
3
/10

  • Lincoln Terrace Elementary School

  • 1802 Liberty Rd NW

  • 0.47 miles

  • Public District Grades PK-5

school-card-donut-888983
3
/10

  • Round Hill Elementary School

  • 2020 Oakland Blvd NW

  • 0.96 miles

  • Public District Grades PK-5

school-card-donut-888984
2
/10

  • Hurt Park Elementary School

  • 1525 Salem Ave SW

  • 0.97 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,529. The most common annual income of people living in Roanoke, VA is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 831 Hanover Ave NW

What is the listing price of this property?

The listing price of 831 Hanover Ave NW property is $241,000.

What type of property is this?

The property 831 Hanover Ave NW is a house located in Roanoke, Virginia, 24016.

Is this property for sale now?

Active Listing: 831 Hanover Ave NW is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $460 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 14, 2021 for $38,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 831 Hanover Ave NW has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 831 Hanover Ave NW is 2,300 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 831 Hanover Ave NW is 1925.

Rocket Homes›Virginia›Roanoke›24016›831 Hanover Ave NW

This home is located at 831 Hanover Ave NW in Roanoke, VA and zip code 24016 in the Washington Park neighborhood. This 2,300 square foot home, which was built in 1925, sits on a 0.14 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 03, 2025 and is currently priced at $241,000.

While more than 48 listings in Roanoke, VA in December 2024 were sold above asking price, there were more than 47 listings sold at asking price, and more than 69 were sold below. The number of homes for sale in Roanoke, VA increased by 4.3% between November 2024 and December 2024. The median list price of listings available in December 2024 was $279,112, while the average time on the real estate market was 43 days.

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

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