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Property Description for 8700 40th Avenue N New Hope MN 55427 - MLS# 7156328
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!
General Info
General Property Information for 8700 40th Avenue N New Hope MN 55427 - MLS# 7156328
Bedrooms and Bathrooms
Total Bedrooms:
4
Main Floor Bedroom:
Yes
3 BR on One Level:
Yes
Total Bathrooms:
2
Full Baths:
1
3/4 Baths:
1
1/2 Baths:
0
1/4 Baths:
0
Bath Description:
3/4 Basement, Main Floor Full Bath
Size and Home
Year Built:
1966
Type of Property:
Single Family Home
Style:
Single Family
Stories/Levels:
1 Story
Total SqFt:
2,376
Total Fnsh'd SqFt:
2,188
Above Ground SqFt:
1,188
Finished Above Grade:
1,188
Below Ground SqFt:
1,188
Finished Below Grade:
1,000
Garage Stalls:
2
Garage SqFt:
400
Main Floor SqFt:
1,188
Approx Lot Dimensions:
90 x 135
Approx Number of Acres:
0.28
Property Features
Property Features for 8700 40th Avenue N New Hope MN 55427 - MLS# 7156328
Air Conditioning:
Central
Amenities - Interior:
Deck, Hardwood Floors, Kitchen Center Island, Kitchen Window, Main Floor Master Bedroom, Paneled Doors, Tile Floors, Washer/Dryer Hookup, Renovated
Appliances:
Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Basement Features:
Egress Window(s), Finished
Basement Style:
Full
Characteristics:
3 BR on One Level,Main Floor Bedroom,Renovated
Construction Type:
Previously Owned
Dining:
Breakfast Bar, Eat In Kitchen, Kitchen/Dining Room
Exterior:
Block, Concrete, Frame
Fireplace:
No
Fuel:
Natural Gas
Garage Type:
Attached Garage
Heat:
Forced Air
Parking Features:
Asphalt, Garage Door Opener
Roof:
Age Over 8 Years, Architectural Shingle
Waterfront:
No
Sewer:
City Sewer/Connected
Water:
City Water/Connected
Room Info
Room Information for 8700 40th Avenue N New Hope MN 55427 - MLS# 7156328
Room Name
Room Level
Room Dimensions
Living Room
Main
17x16
Dining Room
Main
10x11
Kitchen
Main
11x12
Family Room
Basement
Bedroom
Main
12x11
Bedroom 2
Main
11x11
Bedroom 3
Main
8x11
Bedroom 4
Basement
16x11
Amusement Room
Basement
Bathroom
Main
Bathroom
Basement
Deck
Main
Laundry
Basement
Owner and Association Info
Owner and Assocation Info for 8700 40th Avenue N New Hope MN 55427 - MLS# 7156328
Ownership Information
Owner is Agent:
No
Rental License:
No
In Foreclosure:
No
Potential Short Sale:
No
Lender Owned:
No
Auction:
No
Association Information
Association Fee:
No
Association Fee Covers:
N/A
Tax Info
Location, Tax and Other Information for 8700 40th Avenue N New Hope MN 55427 - MLS# 7156328
Address Information
House Number:
8700
Street:
40th
Street Abbreviation:
Avenue
Street Dir Sfx:
N
Postal City:
New Hope
County:
Hennepin
State/Province:
MN
ZipCode:
55427
Subdivision:
Hipps Hopewood Hills 2nd Add
Tax Information
Parcel Number:
Tax Classification:
Residential-Single Family
Tax Year:
2026
Tax Amount:
$4,773.00
Assessments:
No
Taxes w/Assessments:
$4,773.00
School Info
School Information for 8700 40th Avenue N New Hope MN 55427 - MLS# 7156328
School District:
281
Elementary School:
Middle School:
High School:
Listing & Price History
Listing & Price History
Current listingMLS #7156328
Oct 7, 2026
Listed for saleCurrent asking price
$399,900
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This listing has been entered by the following office: Verve Realty
The data relating to real estate for sale on this web site comes in part from the Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the or the and detailed information about them includes the name of the listing brokers.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
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Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the 
and detailed information about them includes the name of the listing brokers.