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  • $254,900

    527 River Rd NE, Hanover, MN 55341

    2beds
    1,518sqft
    Single Family
    Built in 1962
    1 Acres Lot
    $258,400 Zestimate®
    $168/sqft
    $1,710 Estimated rent

    Home value

    $258,400

    $245,000 - $271,000

    $1,710/mo

    Zestimate® history
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    What's special

    Large oversized two-car garageVibrant sugar mapleComfortable two-bedroom one-bathroom layoutEight black walnut treesPark like lot
    Located at the heart of a quaint river town, this solidly built 1962 one-and-a-half-story home offers a blend of small-town charm, and immense investment potential. Set on a rare and expansive one-acre in-town lot including eight black walnut trees and a vibrant sugar maple, the property provides your own park like lot. The lifestyle here is truly unbeatable. You can walk to two of the area's finest local restaurants, then take a stroll down to the historic Hanover Bridge—an iconic pedestrian crossing over the scenic Crow River that connects directly to miles of paved hiking and biking trails. Directly across the street, you will find a premium city park and top-tier municipal facilities, all located within a remarkably well-run, welcoming community. For hobbies, storage, and projects, the property features a large, oversized two-car garage, offering abundant space for your cars and toys. Inside, the main level features a comfortable two-bedroom, one-bathroom layout that is a blank canvas just ready for a new owner to make their own. You will appreciate the 6 year old roof and 7 year old Hot water heater and you can instantly build equity and unlock the property's potential to reach approximately 2,000+ finished square feet by choosing to finish the upstairs and finish the basement and updating the main floor. The lower level features a walkout basement with large windows, flooding the area with natural light and offering easy access to your expansive backyard. Whether you want to add multiple bedrooms, a home office, a spacious family room, or a private master suite, the possibilities to customize these 3 levels are endless.

    Zillow last checked:

    Listing updated:

    Listed by:

    William G Wilson 612-998-8750,

    RE/MAX Results

    Bought with:

    Bryan Vant Hof

    RE/MAX Advantage Plus

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7127358MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Bedroom
    • Level: Main
    • Area: 143 Square Feet
    • Dimensions: 13x11
    Bedroom 2
    • Level: Main
    • Area: 120 Square Feet
    • Dimensions: 12x10
    Den
    • Level: Basement
    • Area: 255 Square Feet
    • Dimensions: 17x15
    Dining room
    • Level: Main
    • Area: 108 Square Feet
    • Dimensions: 12x09
    Family room
    • Level: Basement
    • Area: 255 Square Feet
    • Dimensions: 17x15
    Kitchen
    • Level: Main
    • Area: 108 Square Feet
    • Dimensions: 12x09
    Living room
    • Level: Main
    • Area: 209 Square Feet
    • Dimensions: 19x11
    Other
    • Level: Upper
    • Area: 646 Square Feet
    • Dimensions: 34x19
    Heating
    • Baseboard, Boiler
    Cooling
    • None
    Appliances
    • Included: Cooktop, Dryer, Refrigerator, Wall Oven, Washer
    • Laundry: In Basement, Electric Dryer Hookup, Washer Hookup
    Features
    • Basement: Block,Daylight,Finished,Full,Walk-Out Access
    • Has fireplace: No
    Interior area
    • Total structure area: 2,688
    • Total interior livable area: 1,518 sqft
    • Finished area above ground: 1,008
    • Finished area below ground: 510

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached Garage, Asphalt
    • Garage spaces: 2
    • Details: Garage Dimensions (25x25), Garage Door Height (7), Garage Door Width (16)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One and One Half
    • Stories: 1.5
    • Pool features: None
    Lot
    • Size: 1 Acres
    • Features: Corner Lot, Tree Coverage - Medium
    Details
    • Foundation area: 1008
    • Parcel number: 108500362401
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family
    Materials
    • Block, Frame
    • Roof: Age 8 Years or Less,Architectural Shingle,Pitched
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Electric: Fuses, 100 Amp Service, Power Company: Xcel Energy
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Hanover

    Financial & listing details

    • Price per square foot: $168/sqft
    • Tax assessed value: $243,200
    • Date on market: 8/19/2026
    • Cumulative days on market: 6 days
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/25/2026Sold$254,900$168/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7127358 Report a problem
    8/26/2026Pending sale$254,900$168/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7127358 Report a problem
    8/19/2026Listed for sale$254,900+70%$168/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7127358 Report a problem
    2/17/2009Sold$149,900$99/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #1255174 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $243,200 +1.6%
    2024-- $239,300 +1.8%
    2023-- $235,100 +2.1%
    2022-- $230,200 +28.2%
    2021-- $179,600 +5.9%
    2020$1,814 -65%$169,600 +1.3%
    2019$5,176 +185.3%$167,400 +25%
    2018$1,814 +7.5%$133,900 +6.4%
    2017$1,688 +0.6%$125,900
    2016$1,678 --
    2015$1,678 +2.9%--
    2014$1,630 +7.2%--
    2013$1,520 -5.4%--
    2012$1,606 -13.3%--
    2011$1,852 -0.7%--
    2010$1,866 0%--
    2009$1,866 -0.3%--
    2008$1,871 -2.9%--
    2007$1,926 +8.1%--
    2006$1,782 +4.7%--
    2005$1,702 -3.7%--
    2004$1,768 +8.2%--
    2003$1,633 +25.5%--
    2002$1,301 -15.1%--
    2001$1,534 --
    Find assessor info on the county website

    Neighborhood: 55341

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $258,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $258,400