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$425,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,464 Sq. Ft.
  • 2 Car Garage
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This home offers a warm, functional layout with a spacious kitchen featuring painted cabinetry, stainless steel appliances, generous counter space, and a charming custom bay window bench near the breakfast nook. The peninsula counter keeps the kitchen connected to the dining area, making everyday meals and entertaining easy. Spacious bedrooms provide comfortable retreats, while the recently finished lower level adds flexible living space, including a custom reading spot perfect for quiet moments or a cozy retreat. The walkout leads to a tiered backyard that opens to mature trees and peaceful open space with no homes directly behind, creating a private setting that feels calm and inviting.

Full Property Details for 7531 Banning Way

General

  • Price: $425,000
  • Taxes: $3,912 (2024)
  • Status: Active
  • Type: Single Family
  • Source: Wirex_Western_Wisconsin_Realtors_Association_WWRA
  • MLS ID: 6804841
  • Updated: 5/6/2026
  • Added to Site: 27 day(s) ago

Interior

  • Interior Features: Water Softener, Circuit Breakers
  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 1
  • Bathroom: Master Bedroom Bath: 3/4, Master Bedroom Bath, Master Bedroom Bath: Full, Full on Lower, 3/4 on Main, Full on Main

Bedrooms

  • Total Bedrooms: 5
  • Primary Bedroom: 15 x 11, Main
  • Bedroom 2: 10 x 9, Main
  • Bedroom 3: 13 x 10, Main
  • Bedroom 4: 15 x 13, Lower
  • Bedroom 5: 15 x 11, Lower

Other Rooms

  • Living Room: 18 x 16, Main
  • Family Room: 31 x 18, Lower
  • Kitchen: 11 x 9, Main
  • Dining Room: 10 x 10, Main

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Garage Description: Attached, Opener Included, Insulated Garage

Location

  • Municipality: Inver Grove Heights
  • County: Out Of State
  • Subdivision: Inver Grove Estates
  • Driving Directions: 80th St E to Hwy 3 South. Take a right on Barbara Way E and a right on Banning Way.

School Information

  • School District: Inver Grove Hts. Community Schools

Heating & Cooling

  • Heating Fuel: Natural Gas
  • Heating/Cooling: Central Air, Forced Air

Utilities

  • Water/Sewer: Municipal Water, Municipal Sewer
  • Utility Description: Cable

Structural Information

  • Architectural Style: Split entry
  • Description/Design: Single Family/Detached
  • Exterior Const.: Cedar, Fiber Cement
  • Basement Desc.: Daylight Window, Finished, Full, Walk Out/Outer Door
  • Roof: Other, Shingle
  • Square Feet: 2,464
  • Year Built: 1988

Additional Structures

  • Other Structures: Storage Shed

Lot Features

  • Lot Size Range: 0.5 to .99
  • Zoning: Residential-Single
  • Lot Description: Shade Trees

Financial Considerations

  • Tax Amount: $3,912
  • Tax Year: 2024

Listed by Realty ONE Group SIMPLIFIED

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— 7531 Banning Way —

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Schools serving 7531 Banning Way

School District:Inver Grove Heights Schools
NameGradesDistance
Salem Hills Elementary School
5899 Babcock Trail, Inver Grove Heights, MN 55077
PK-51.7 mi
Inver Grove Heights Middle School
8167 Cahill Avenue East, Inver Grove Heights, MN 55076
6-81.1 mi
Simley Senior High School
2920 80th Street East, Inver Grove Heights, MN 55076
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7531 Banning Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/06/2026
Price Reduced
$425,000
-5.56%
MLS
5/02/2026
Listed
$450,000
59.01%
MLS
7/18/2018
Sold
$283,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7531 Banning Way

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,912
2%
$351,900
-8%
2025
$3,830
—
$381,200
1%
2023
$3,836
—
$377,000
16%
2023
$3,836
8%
$325,300
9%
2022
$3,548
13%
$299,600
9%
2020
$3,148
-8%
$274,936
-1%
2019
$3,415
8%
$277,443
9%
2018
$3,156
7%
$253,790
11%
2017
$2,952
3%
$228,611
3%
2016
$2,859
2%
$222,071
9%
2015
$2,801
8%
$203,541
7%
2014
$2,590
2%
$189,698
1%
2013
$2,549
—
$187,954
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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7531 Banning Way, Inver Grove Heights, MN 55077 (MLS# 6804841) is a Single Family property with 5 bedrooms, 2 full bathrooms and 1 partial bathroom. 7531 Banning Way is currently listed for $425,000 and was received on May 02, 2026. Want to learn more about 7531 Banning Way? Do you have questions about finding other Single Family real estate for sale in Inver Grove Heights? You can browse all Inver Grove Heights real estate or contact a Coldwell Banker agent to request more information.

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