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.
Active
$254,900
527 River Rd NE, Hanover, MN 55341
2beds
1,518sqft
Single Family
Built in 1962
1 Acres Lot
$253,200 Zestimate®
$168/sqft
$-- HOA
What's special
Large oversized two-car garageVibrant sugar mapleComfortable two-bedroom one-bathroom layoutEight black walnut treesPark like lot
- 1 day |
- 401 |
- 43 |
Zillow last checked:
Listing updated:
Listed by:
William G Wilson 612-998-8750,
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7127358
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
- Road surface type: Paved
Estimated market value
$253,200
$241,000 - $266,000
$1,603/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Listed for sale | $254,900+70%$168/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7127358 Report a problem | ||
| 2/17/2009 | Sold | $149,900$99/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1255174 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55341
Nearby schools
GreatSchools rating
- 9/10Hanover Elementary SchoolGrades: K-5Distance: 0.5 mi
- 7/10Buffalo Community Middle SchoolGrades: 6-8Distance: 10.7 mi
- 8/10Buffalo Senior High SchoolGrades: 9-12Distance: 8.6 mi
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