Lori Gustafson

7740 47 1/2 Place N

New Hope, MN
$ 395,000 Beds 4 Baths 2 Sq 2,300
Monthly Estimate* How much can I afford?

Tucked away on a quiet cul-de-sac and shaded by mature trees, this is the kind of street where you can still ride bikes until the streetlights come on. Step inside to a designer kitchen made for real life, morning coffee, weeknight dinners, holiday chaos, all of it. The updates feel like a little daily luxury, and the cozy porch is basically calling your name for slow Sunday mornings. Four bedrooms give everyone their own corner, while the private backyard is your blank canvas for summer cookouts or a quiet reading nook. Add in walking distance to school and parks, and you've got the rare combination of space, style, and location that doesn't come around often. This one isn't just a house; it's the setting for what comes next.

Single Family

  • Price
  • $ 395,000
  • City
  • New Hope
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Perrys Sprucewood Terrace
  • Lot Size
  • 0.31 Acres
  • Zip
  • 55428
  • Sqr Footage
  • 2,300
  • Year Built
  • 1968
  • Taxes
  • $ 5896
  • Style
  • Single Family
  • MLS#
  • 7150342
Listed By: Bridge Realty, LLC
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2300
Sewer City Sewer/Connected
Heating Forced Air,Fireplace(s)
Cooling Central Air
Roof Age Over 8 Years,Architectural Shingle,Asphalt
Appliances Dishwasher,Disposal,Dryer,ENERGY STAR Qualified Appliances,Exhaust Fan,Gas Water Heater,Microwave,Range,Refrigerator,Stainless Steel Appliances,Washer
Garage Spaces 2
Pool Features None
Construction Materials Block,Brick,Frame
Year Built 1968
Electric Circuit Breakers,200+ Amp Service,Other
Levels Split Entry (Bi-Level)
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Perrys Sprucewood Terrace
Other Structures Storage Shed
Full Baths 1
Directions FROM WINNETKA AVENUE,TURN EAST ONTO 47 1/2 AVE NORTH. TAKE THE SECOND LEFT AND TURN ONTO 47 1/2 PLACE NORTH.
City New Hope
High School District Robbinsdale
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 5896.52
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,French Doors,Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Porch,Sun Room,Tile Floors
PostalCity New Hope

Interior Features

Basement Block,Drain Tiled,Full,Sump Pump
Total Fireplaces 2
Fireplace Features Gas
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1350
3/4 Baths 1
Laundry Features Gas Dryer Hookup,Lower Level,Laundry Room
Total Bedrooms 4
Below Grade Finished Area 950
Total Baths 2
Bath Desc 3/4 Basement,Main Floor Full Bath,Upper Level Full Bath
Fuel Natural Gas
Garage Square Feet 364

Exterior Features

Fencing Chain Link
Parking Features Attached Garage
Water Source City Water/Connected
Lot Size Area 0.31
Building Area Total 2300
Lot Dimensions 65x104x110x75x110
Waterfront Y/N No
Foundation Area 950
Road Frontage Type City Street
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/25/2026 Listed $395,000

Property vs Zip Code Average in 55428

Price
AVG $310K
$400K
Taxes
AVG $4,014
$5,896
Year Built
AVG 1968
1968

Areas That We Cover

7740 47 1/2 Place N New Hope, MN is a Single Family Home for sale at $395000 with 2300 sqft and a lot size of 0.31 Acres Acre(s). 7740 47 1/2 Place N New Hope has 4 bedrooms, 2 baths and was built in 1968. The property's zip code is 55428 which is in New Hope, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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