4 months on rocket

7627 Banning Way, Inver Grove Heights, MN, 55077

$388,000

Home List Price

$4,608*

Closing Credit

3 Bedrooms
2 Full Baths
1,576 SqFt
$246/SqFt
House

Location

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7627 Banning Way, Inver Grove Heights$388,000

Buyer Closing Credits

$4,608*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage
Attached Garage2 spaces
Year Built1983
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6577782
StatusActive

About 7627 Banning Way

Seller may consider buyer concessions if made in an offer. Welcome to this stunning property, where every detail has been meticulously updated. The home boasts a neutral color paint scheme, enhancing the fresh interior paint for a clean and modern aesthetic. The kitchen shines with all stainless steel appliances, creating a sleek and functional space. The primary bathroom features double sinks, adding convenience and luxury. Outside, you'll find a patio and deck perfect for entertaining, as well as a storage shed for all your needs. With partial flooring replacement, this home is ready for its new chapter.

Property Details

Property Features

Property Information:

  • Year Built: 1983
  • Living Area: 1,576 SqFt

Listing Office:

  • Office Name: Opendoor Brokerage, LLC

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Head east on 80th St E toward 80th St E Turn left onto Barbara Ave Turn left onto Banning Way Turn left then destination will be on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $388,000
  • Price Per SqFt: $246/SqFt

Tax Information:

  • Annual Amount: $2,742
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Inver Grove Heights, MN.

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Inver Grove Heights, MN

City

Med. Sold Price

$347.5K

Med. Price/SqFt

$192

Avg. Days On Market

39

# of Sold Homes

26

7627 Banning Way vs Inver Grove Heights

145 DAYS ON ROCKET

+106 Days

$388,000

+$40.5K More

$246/SqFt

+$53 More

KEY TAKEAWAY

This property is $40.5K more than the Median Sold Price and $53/SqFt more than other homes in Inver Grove Heights, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6577782

Listing Office:

  • Office Name: Opendoor Brokerage, LLC

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Last updated on: 12/22/2024, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 26, 2015Home Sold
$210,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,742$254,300
2019$2,824$229,374
2018$2,947$232,317
2017$2,664$213,460

History based on county public records data.

Payment Calculator

$2,004

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,230

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1116941
3
/10

  • Hilltop Elementary School

  • 3201 68th St E

  • 1.51 miles

  • Public District Grades PK-5

school-card-donut-1116942
6
/10

  • Salem Hills Elementary School

  • 5899 Babcock Trl

  • 1.83 miles

  • Public District Grades PK-5

school-card-donut-1116943
9
/10

  • Atheneum Elementary School

  • 5899 Babcock Trl

  • 1.83 miles

  • Public District Grades 2-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $91,992. The most common annual income of people living in Inver Grove Heights, MN is between $35k-100k. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7627 Banning Way

What is the listing price of this property?

The listing price of 7627 Banning Way property is $388,000.

What type of property is this?

The property 7627 Banning Way is a house located in Inver Grove Heights, Minnesota, 55077.

Is this property for sale now?

Active Listing: 7627 Banning Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,742 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 26, 2015 for $210,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7627 Banning Way has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 7627 Banning Way is 1,576 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7627 Banning Way is 1983.

Rocket Homes›Minnesota›Dakota County›Inver Grove Heights›55077›7627 Banning Way

This home is located at 7627 Banning Way in Inver Grove Heights, MN and zip code 55077 in the Inver Grove Estates neighborhood. This 1,576 square foot home was built in 1983. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $388,000.

In November 2024, from all listings sold in Inver Grove Heights, MN there were more than 6 sold above asking price, over 16 sold below and more than 4 were sold right at the asked price. In November 2024 in Inver Grove Heights, MN there were 3.1% more homes for sale than in October 2024. In November 2024, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $347,500.

From Rocket Homes Real Estate and based on county public records data.

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