NOT LISTED FOR SALE
Studio
-- Bath
7,092 Sq Ft
7,405 Sq Ft Lot

Last Sold November 10, 2022

Last sale price $2,200,000 $310 Per Sq Ft

4 Days on Market

Highlights

  • View of Hills
  • No HOA
  • Coin Laundry
  • Wood Flooring
  • Tandem Parking
  • 3-minute walk to Pine Knoll Park

About This Home

As of November 2022

331 Hanover is a ten-unit multifamily property located a block from Lake Merritt. The property consists of eight (8) 1-bedroom, 1-bathroom apartments of 630 sq ft. each, per recent appraisal, and two (2) 2-bedroom, 1-bathroom apartments of 880 sq ft. Improvements include some newer windows and exterior paint, very nicely landscaped walkway. Unit interiors feature hardwood floors, some bath updates. Amenities include tenant storage lockers, and some views in rear upper floor units. The building includes a covered 5-car carport and driveway for 5 additional tandem vehicles. Community laundry is an additional revenue source. Excellent location with tremendous upside potential.

Last Agent to Sell the Property

Patricia Bennett

Compass License #00903396 Listed on: 08/27/2022

Compass

Co-Listed By

Jeffrey Neidleman

Compass License #01309500

Last Buyer's Agent

Eymon Binesh

Marcus & Millichap License #02060059

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 7,250

Home Design

  • Composition Roof
  • Stucco

Flooring

  • Wood
  • Vinyl

Laundry

  • Laundry in unit
  • Leased Washer and Dryer

Parking

  • 10 Parking Spaces
  • Carport
  • Tandem Parking
  • Uncovered Parking

Utilities

  • No Cooling
  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Views of Hills
  • Free-Standing Range
  • 7,250 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 2230913

Community Details

Overview

  • No Home Owners Association
  • 7,092 Sq Ft Building
  • Bridge Aor Association
  • Lake Merritt Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

7,250 Sq Ft Lot

Listing Details

  • Year Built: 1952
  • Property Sub Type: 5 or More Units
  • Prop. Type: COMM RI MULTI-UNITS 5+
  • Lot Size Acres: 0.17
  • Co List Office Mls Id: OBOPACU 01
  • Subdivision Name: LAKE MERRITT
  • Directions: Park Blvd., Newton, Hanover
  • Carport Y N: Yes
  • Garage Yn: No
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Vinyl
  • Basement: Storage Space
  • Appliances: Free-Standing Range, Refrigerator, Gas Water Heater
  • Accessibility Features: Other
  • Interior Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Level
  • View: Hills
  • View: Yes
  • Construction Type: Stucco

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carports - 2 Or More, Covered, Tandem, Uncovered Parking Space
  • Total Parking Spaces: 10

Utilities

  • Heating: Wall Furnace
  • Utilities: Sewer Connected
  • Cooling: None
  • Laundry Features: Coin Operated, Community Facility, In Basement, Laundry Equip - Leased, Inside, Sink
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 7250
  • Parcel Number: 2230913
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 4053.01/
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $2,200,000 -- --
11/10/2022 11/10/22 Sold $2,200,000 -2.2% $310 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
08/27/2022 08/27/22 For Sale $2,250,000 -- $317 / Sq Ft
Source: bridgeMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,676 $2,283,678 $686,664 $1,597,014
2024 $36,676 $2,238,900 $673,200 $1,565,700
2023 $38,279 $2,195,000 $660,000 $1,535,000
2022 $16,468 $679,674 $555,146 $124,528
2021 $14,571 $666,350 $544,263 $122,087
2020 $14,448 $664,875 $538,683 $126,192
2019 $13,135 $651,944 $528,121 $123,823
2018 $12,847 $639,268 $517,768 $121,500
2017 $11,974 $625,380 $507,618 $117,762
2016 $11,618 $612,324 $497,665 $114,659
2015 $11,529 $602,515 $490,191 $112,324
2014 $11,953 $590,761 $480,591 $110,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: bridgeMLS

MLS Number: 41006186

bridgeMLS
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