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About the Listing 40490 - 506002634,496503441
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.
Listing Highlights
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances: Cooktop, Dryer, Refrigerator, Wall Oven, Washer
- Air Cond:
- Heating: Baseboard,Boiler,Natural Gas
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft: 1008
- Below Ground Sq Ft: 510
- Basement: Block,Daylight/Lookout Windows,Finished,Full,Walkout
- Other: Hardwood Floors,Kitchen Window,Tile Floors,Main Floor Full Bath,Rough In,Kitchen/Dining Room,Main Floor Bedroom
- Water: City Water/Connected
Exterior Details
- Lot Description: Corner Lot,Tree Coverage - Medium
- Garage Capacity: 2 car
- Lot Dimensions: Irregular
- Zoning: Residential-Single Family
- Roof: Age 8 Years or Less,Architectural Shingle,Pitched
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Detached Garage,Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 108500362401
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
527 River Rd NE Hanover, MN 55341
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