NOT LISTED FOR SALE

11501 5th St NE Hanover, MN 55341

Hanover Area

Estimated Value: $487,082 - $517,000

4 Beds
3.5 Baths
2,615 Sq Ft
$191/Sq Ft Est. Value

Sale Details

Date Sold: April 25, 2025

Last sale price $475,000 $182 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,139 / mo

67 Days on Market

Highlights

  • New Construction
  • Mud Room
  • Game Room
  • Hanover Elementary School Rated A
  • No HOA
  • Home Office

About This Home

As of April 2025

Move in NOW! Come experience the small-town charm of Hanover, MN in this cozy four bedroom Preston home in the ever popular community of River's Edge! This charming Preston comes with a finished basement, and three car garage, and no community HOA. The open concept main level creates a seamless flow between the kitchen, dining, and living areas, making it ideal for both everyday living and entertaining. The living room is a true focal point, featuring an electric fireplace with shiplap extending all the way to the ceiling—adding a touch of warmth and sophistication. A front corner home office provides the perfect space to work from home or catch up on personal projects. Upstairs, you'll find three spacious bedrooms, including the luxurious Primary Suite. This private retreat features a tiled shower and a separate entry walk-in closet, offering a peaceful oasis after a long day. The huge finished basement adds even more value to this home! With an extra bedroom, a full bathroom, and a large recreational room perfect for your future home entertainment build out. This stunning Preston is located near beautiful parks, popular eateries, and the highly regarded Buffalo-Hanover-Montrose schools. River's Edge families can also Open Enroll into STMA schools. Don’t miss out on this rare opportunity to live in a peaceful, close-knit community with all the space and amenities you’ve been looking for - schedule your visit today!

Last Agent to Sell the Property

Josh Pomerleau

JPW Realty Listed on: 01/17/2025

JPW Realty

Co-Listed By

Richard Sauer

JPW Realty

Last Buyer's Agent

May Lee

Pemberton RE

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $114

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 9,060 Sq Ft Lot
  • Lot Dimensions are 70x130x70x130

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Electric Fireplace
  • Mud Room
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Game Room
  • Storage Room

Kitchen

  • Walk-In Pantry
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Drain
  • Basement Storage

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Electric Water Heater

Additional Features

  • Air Exchanger
  • Sod Farm

Community Details

  • No Home Owners Association
  • Built by JP BROOKS INC
  • River's Edge Community

Listing and Financial Details

  • Assessor Parcel Number 108057003020

Home Details

Home Type

Single Family

Est. Annual Taxes

$114

Year Built

Built in 2024 | New Construction

Lot Details

9,060 Sq Ft Lot

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 2024
  • Above Grade Finished Sq Ft: 1824
  • Unit Levels: Two
  • New Construction: Yes
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Basement: Drain Tiled, Finished, Full, Storage Space, Sump Pump
  • Appliances: Air-To-Air Exchanger, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances
  • Fireplace Features: Electric, Living Room
  • Living Area: 2615
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 791
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Laundry, Mud Room, Office, Pantry (Walk-In), Walk In Closet, Family Room, Game Room, Storage

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: None

Garage/Parking

  • Parking Features: Attached Garage, Asphalt, Garage Door Opener

Utilities

  • Heating: Forced Air, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,In-Ground Sprinkler,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet
  • Community Name: River's Edge

Association/Amenities

  • Builders Association Membership(s): Builders Association of the Twin Cities

Schools

  • Junior High Dist: Buffalo-Hanover-Montrose
  • SchoolDistrictPhone: 763-682-8707

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 70x130x70x130
  • Lot Size Sq Ft: 9060.48
  • Land Lease: No
  • Lot Features: Sod Included in Price
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Builder License: 686554
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 108057003020
  • Tax Annual Amount: 114
  • TaxWithAssessments: 114.0000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2025
Closed on
Apr 25, 2025
Sold by
Bought by
Seller's Agent
Josh Pomerleau
JPW Realty
Buyer's Agent
May Lee
Pemberton RE
List Price
$469,900
Sold Price
$475,000
Premium/Discount to List
$5,100
1.09%
Views
50
Current Estimated Value
$499,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,021
Avg. Annual Appreciation
3.87%
Original Mortgage
$460,750
Outstanding Balance
$458,713
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$40,308
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hanover, MN

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$475,000 Chb Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $460,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/25/2025 04/25/25 Sold $475,000 +1.1% $182 / Sq Ft
03/25/2025 03/25/25 Pending -- -- --
01/17/2025 01/17/25 For Sale $469,900 -- $180 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $4,746 $443,600 $110,000 $333,600
2025 $4,746 $435,800 $115,000 $320,800
2024 $114 $95,000 $95,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6650241

NorthstarMLS

APN: 108-057-003020

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