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Hanover Towers Condominium

Hanover Towers Condominium

Hanover Towers Condominium
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

101 S Hanover Ave
Lexington, KY 40502
60 Units
9 Stories
1964 Year Built
$160K - $456K Value Range

Available Units

For Sale
No Units Available
For Rent
No Units Available

Highlights

  • Fitness Center
  • Cassidy Elementary School Rated A
  • Rooftop Deck
  • Views
  • 24 Hour Access
  • Laundry Facilities

Comfortable Living in the Heart of Ashland Park

Hanover Towers Condominium, a nine-story residential building, stands proudly in the picturesque Ashland Park neighborhood of Lexington. Completed in 1964, this building houses 60 units and offers a blend of convenience and charm. Its location, just a couple of miles east of downtown Lexington, provides residents with easy access to the city's vibrant offerings while maintaining a serene residential atmosphere.

Diverse Layouts with Modern Comforts

Hanover Towers offers a variety of floor plans to suit different needs, from cozy studios to spacious three-bedroom units. Studio units, ranging from 745 to 750 square feet, feature one bathroom and are perfect for those seeking a compact yet functional living space. One-bedroom units vary significantly in size, from 745 to 2,180 square feet, and include one to one and a half bathrooms. These units are priced between $162,308.25 and $216,365, offering options for different budgets. Two-bedroom units, spanning 1,305 to 1,630 square feet, come with two bathrooms and are typically priced around $260,000. For those needing more space, the three-bedroom units range from 745 to 2,180 square feet and include three bathrooms, with prices around $480,000. Each unit in Hanover Towers is designed to maximize natural light and provide stunning views of the surrounding Ashland Park and downtown Lexington. Features such as hardwood floors, crown molding, and elegant fixtures add a touch of classic elegance. Many units have been remodeled to include modern kitchens with high-end appliances, wood cabinets, and natural stone or quartz countertops. Ample closet space and additional storage units in the basement ensure residents have plenty of room for their belongings. The building's design and layout cater to a variety of lifestyles, making it a versatile choice for potential residents.

Comprehensive Amenities for a Comfortable Lifestyle

Hanover Towers offers a range of amenities designed to enhance the living experience of its residents. The rooftop patio provides expansive views of the city, making it a perfect spot for relaxation or social gatherings. The building features multiple lobby lounges, a tranquil front fountain area, and a library, creating inviting spaces for residents to unwind or entertain guests. Practical amenities include dedicated parking spots, exercise facilities, and laundry facilities, ensuring convenience and ease of living. Each unit comes with an additional storage closet, and the building management ensures that all common areas are well-maintained. The secure entry with doormen and an onsite security guard during business hours provide peace of mind for residents. Additionally, the building houses a hair salon, adding to the convenience of living at Hanover Towers. The building's HOA fee includes all utilities except cable and internet, simplifying the monthly expenses for residents. With a focus on providing a comfortable and secure living environment, Hanover Towers stands out as a desirable place to call home.

Historic Charm and Modern Convenience in Ashland Park

Ashland Park, where Hanover Towers is located, is known for its picturesque streets and historic charm. The neighborhood, designed by the famed Olmsted Brothers, features gently curving streets lined with large trees, creating a serene and inviting atmosphere. Residents often enjoy jogging near the local Starbucks in the morning or socializing on their front porches. The area offers a variety of shopping and dining options. The Chevy Chase shops and restaurants are a short walk away, providing a range of retail and culinary experiences. Josie’s is a community favorite for breakfast, while Bourbon n’ Toulouse offers delicious Cajun cuisine. For dessert, Graeter’s Ice Cream is a popular spot. The family-owned Wheeler Pharmacy, with its small restaurant, adds a nostalgic touch to the neighborhood. Ashland Park is also home to several parks, including Woodland Park and Clay’s Spring Park. Woodland Park, one of the oldest parks in Lexington, offers amenities such as tennis and basketball courts, a ball field, an aquatic center, and a skate park. The park hosts the annual Woodland Art Fair, featuring numerous artists and artisans. Clay’s Spring Park is notable for its historic spring, part of the Henry Clay estate, now marked by a small stone monument. The neighborhood's proximity to downtown Lexington, the University of Kentucky, and UK HealthCare makes it a convenient location for residents. Schools serving the area, including Cassidy Elementary School, Morton Middle School, and Henry Clay High School, have received high ratings, adding to the appeal of living in Ashland Park.

Accessible Transportation Options

Hanover Towers is well-served by various transportation options, making it easy for residents to navigate the city. Lextran buses provide convenient access to different parts of Lexington, with stops such as Richmond & Hanover Inbound and Main & Ashland Outbound just a short walk away. These bus lines include the Night Woodhill-Richmond and Richmond Road routes, ensuring reliable public transportation. For those who prefer to drive, the building offers dedicated parking spots, and major roads and highways are easily accessible. Blue Grass Airport is approximately 20 minutes away by car, providing convenient options for air travel. The neighborhood's walkability and bikeability scores are high, making it easy for residents to enjoy the local amenities and parks on foot or by bike. With a blend of public transportation, driving options, and pedestrian-friendly streets, Hanover Towers offers a well-rounded transportation network for its residents.

Building Details

Recreation

  • Fitness Center

Amenities

  • Views
  • Rooftop Deck
  • Laundry Facilities
  • 24 Hour Access

Unit Information

Unit
1A
1B
1C
1D
1F
1L
1M
2A
2B
2C
Beds
2 Beds
2 Beds
1 Bed
1 Bed
1 Bed
2 Beds
2 Beds
2 Beds
2 Beds
1 Bed
Baths
2 Baths
2 Baths
2 Baths
1 Bath
2 Baths
2 Baths
2 Baths
2 Baths
2 Baths
1 Bath
Sq Ft
1,305
1,305
880
825
820
1,305
1,305
1,305
1,305
750
Status
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Off Market
Price
--
--
--
--
--
--
--
--
--
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Estimated Value
$269,760
$214,416
$159,586
$179,970
$222,738
$238,008
$275,005
$296,157
$293,375
$177,561

Unit Size and Value Ranges

Studio Units
Sq Ft Range
745 - 1,645
Est. Values
$178,324 - $312,038
1 Bedroom Units
Sq Ft Range
745 - 2,180
Est. Values
$159,586 - $436,299
2 Bedroom Units
Sq Ft Range
1,305 - 1,630
Est. Values
$214,416 - $354,465
3 Bedroom Units
Sq Ft Range
745 - 2,180
Est. Values
$358,042 - $455,622
All Units
Sq Ft Range
745 - 2,180
Est. Values
$159,586 - $455,622

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Very Bikeable

Bike Score®

81 / 100

Very Walkable

Walk Score®

82 / 100

Good Transit

Transit Score®

51 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

71 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$84K - $435K
Range of Taxes in Building
$1,024 - $5,379
Range of Taxes per Sq Ft
$1.17 - $6.68

Property Tax History

Source: Public Records

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Building Team

Property Management
Hanover Towers Condominiums
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