
35 Old Shipyard Lane Hanover — Photo 1 of 39
$1,999,500
Investment Analysis — 35 Old Shipyard Lane
Hanover, MA 02339 — Hanover Four Corners
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02339 carries an estimated $3,390/mo in gross rent — about a 0.55% cap rate and $11,013/yr in estimated NOI at the $1,999,500 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
4,705
Style
Single Family
Built
2004
35 Old Shipyard Lane offers a unique lifestyle immersed in natural beauty with private deeded access to the North River where you can relax at the riverbank or enjoy an outing in your kayak, canoe or inflatable. Set at the end of a peaceful cul-de-sac, this beautifully updated and meticulously maintained modern 5-bedroom 4-full bath Colonial showcases exceptional craftsmanship, and spectacular indoor-outdoor living. The elegant main level features a 'heart of the home' stainless chef's kitchen, formal dining room, private office, and a dramatic light filled large family room with vaulted ceiling and striking custom wood burning fireplace. French doors open to a beautifully landscaped bluestone patio with a custom hand laid natural stone gas fireplace, designed to be the focal point of this exceptional outdoor entertainment setting. A sought-after first floor bedroom has a shared full bath and offers flexible guest accommodations. The second story boasts a primary suite with a new spa-inspired bath, complemented by three additional bedrooms, full bath and spacious laundry. The expansive third floor offers yet another full bath, large open living space and seasonal river views and is perfect as a guest retreat, gym, office or media room. Additionally, the 3-car garage, huge dry basement, abundant storage, artesian well irrigation, invisible pet fence, and location outside the flood zone add convenience and peace of mind. Ideally located near historic Hanover Four Corners, this prime location offers quick access to major commuter routes, shopping, dining, fitness, and conservation areas. This is an exceptional opportunity to enjoy sophisticated modern living surrounded by timeless beauty at the site of the iconic and historic shipbuilding yards on the North River, our only MA state scenic protected river. Welcome to this spectacular home.
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 4,705 sq ft principal dwelling). Lot size: 30,108 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Walk/Jog Trails • Conservation Area • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Dining Room
Lvl Main,First15 x 14
Beamed Ceilings, Flooring - Hardwood, French Doors, Deck - Exterior, Exterior Access, Crown Molding, Decorative Molding
Kitchen
Lvl Main,First31 x 21
Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, French Doors, Kitchen Island, Wet Bar, Breakfast Bar / Nook, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Crown Molding, Decorative Molding
Office
Lvl Main15 x 14
Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Deck - Exterior, Exterior Access, Crown Molding, Decorative Molding
Family Room
Lvl Main,First23 x 21
Beamed Ceilings, Vaulted Ceiling(s), Flooring - Hardwood, French Doors, Exterior Access, Open Floorplan, Crown Molding, Decorative Molding
Primary Bedroom
Lvl Second23 x 13
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Double Vanity, Recessed Lighting
Bedroom 2
Lvl Second15 x 14
Bedroom 3
Lvl Second15 x 13
Ceiling Fan(s), Flooring - Vinyl, Crown Molding, Closet - Double
Bedroom 4
Lvl Second15 x 12
Ceiling Fan(s), Flooring - Vinyl, Crown Molding, Closet - Double
Bedroom 5
Lvl First17 x 13
Bathroom - Full, Closet, Flooring - Hardwood, Exterior Access, Crown Molding, Closet - Double
Bathroom 1
Lvl Main,First10 x 7
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second10 x 7
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Double Vanity, Beadboard
Bathroom 3
Lvl Second16 x 11
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Enclosed Shower - Fiberglass, Double Vanity, Recessed Lighting, Half Vaulted Ceiling(s), Decorative Molding, Soaking Tub
Property History
$1,999,500
Sep 17, 2026
MLS® 73578690
$2,399,000
Sep 30, 2025
MLS® 73354219
$2,399,000
Apr 3, 2025
MLS® 73354219
Listing Agent: Kathy Rezendes
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73578690

