8700 40th Avenue NNew Hope, MN 55427
$395,000
4 bedrooms · 2 bathrooms · 2,188 finished sq ft · 0.28 acre lot
Open house
- Saturday, November 7 · 6:30–8 PM
Open House information is subject to change without warning. Hosted by Verve Realty.
About this home
Welcome to 8700 40th Ave N in New Hope! This mid-century ranch with attached two-car garage has been renovated from head-to-toe! Since 2013, the owner has updated the following: new kitchen, new finished basement, HVAC, roof/soffits/fascia, Hardie Board siding, electrical panel, new asphalt driveway, two new bathrooms, refinished hardwood floors, new LVP, new doors and trim, new windows (including 4 egress in the basement!), solar panels, plus more! The home has a fantastic layout with 3 bedrooms on the main level - making it a versatile space. The kitchen, dining, and living rooms have a great flow and open feel, plus abundant natural morning light. The basement has so many options! It already includes a bedroom, but, you could potential add 2-3 more as the entire basement has egress windows - meaning it could be a 6-7 bedroom home! You will also love that the yard is fully-fenced and is over 1/4 of an acre - it’s perfect for gardening and enjoying summer nights on the deck. Being steps away from Northwoods Park, minutes to Hy-Vee and many other shops and restaurants, close to 169, and just a short drive to Medicine Lake, you will not be disappointed living in this top-notch location. Come and take a look at this wonderful home today!
Home facts
- Home type
- Single-family home
- Style
- Single Family Residence
- Year built
- 1966
- Bedrooms
- 4
- Bathrooms
- 2
- Finished sq ft
- 2,188
- Lot
- 0.28 acres
- Garage
- 2 stalls
- Basement
- Block, Finished, Full, Storage Space
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Property taxes
- $4,773 a year
- Listed
- October 7, 2026
- MLS number
- 7156328
Listing courtesy of Verve Realty (Mari Koplin). MLS #7156328.
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How it compares
8700 40th Avenue N, New Hope, MN 55427 is a 4-bedroom single-family home built in 1966, listed for $395,000 on October 7, 2026 by Verve Realty. That is in the upper quarter of the 45 single-family homes for sale in New Hope right now (median $350,000; $181 per square foot here against $191 for the group). That works out to $181 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- New Hope community guideSchools, commutes, parks, home values and local stories.
- New Hope housing market, September 2026Homes sold for a median $361,000 over 12 months (+2.1%), 34 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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