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$450,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,464 Sq. Ft.
  • 2 Car Garage
  • Updated 11 hours ago
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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: $450,000
  • Taxes: $3,912 (2024)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6804841
  • Updated: 5/2/2026
  • Added to Site: 2 day(s) ago

Interior

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • 3/4 Bathrooms: 1

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Eat-In Kitchen
  • Formal Dining Room: Eat In Kitchen
  • Laundry: Lower Level, Lower Level

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Attached Garage, Asphalt, Garage Door Opener, Insulated Garage

Location

  • County: Dakota
  • Township: Inver Grove Heights
  • 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: 199 - Inver Grove Hts. Community Schools
  • High School District: Inver Grove Hts. Community Schools

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Concrete
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Drain Tiles, Finished, Full, Walk-Out
  • Foundation Size: 1352
  • Roof: Age 8 Years or Less, Asphalt
  • Disability Access: None
  • Square Feet: 2,464
  • Above Ground: 1,352 Sq. Ft.
  • Below Ground: 1,352 Sq. Ft.
  • Finished Down/Base.: 2,704 Sq. Ft.
  • Year Built: 1988

Additional Structures

  • Other Structures: Storage Shed

Lot Features

  • Lot Size (Acres): 0.636
  • Frontage: City Street
  • Zoning: Residential-Single Family
  • Lot Description: Medium Tree Coverage

Financial Considerations

  • Tax Amount: $3,912
  • Tax Year: 2024
  • Terms: Conventional, VA, FHA, Cash

Disclosures and Reports

  • Legal Description: INVER GROVE ESTATES 8 4
  • Property ID: 203640004080

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
5/02/2026
Listed
$450,000
59.01%
MLS
7/18/2018
Sold
$283,000
—
Public Record
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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
2025
$3,830
—
$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 $450,000 and was received on April 30, 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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