NOT LISTED FOR SALE

7567 Banning Way Inver Grove Heights, MN 55077

Estimated Value: $401,000 - $534,000

5 Beds
3.5 Baths
2,659 Sq Ft
$175/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $290,000 $109 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,961/month

5 Days on Market

Highlights

  • Deck
  • Porch
  • Woodwork
  • Breakfast Area or Nook
  • 2 Car Attached Garage
  • Walk-In Closet

About This Home

As of August 2014

Wonderful & spacious Home w/picturesque park-like Bkyd w/pond! 4 Bdrms on one level, Kit w/ss appl, ML FR w/FP, LL FR w/built-ins, Lg Deck o'looking private Bkyd! New Roof/Siding/Furnace & newer AC/H2O Heater! Close to schools/parks/trails & comm. center!

Last Agent to Sell the Property

Jim Herrmann

Home Avenue - Agent Listed on: 07/11/2014

Co-Listed By

Doreen Herrmann

Home Avenue - Agent

Last Buyer's Agent

Travis Anderson

Keller Williams Premier Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,896

Year Built

  • Built in 1988

Lot Details

  • 0.37 Acre Lot
  • Irregular Lot
  • Many Trees

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Wood Burning Fireplace
  • Combination Kitchen and Dining Room
  • Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Drain
  • Block Basement Construction

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Deck
  • Storage Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 203640004020

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,896

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Amenities: Ceiling Fans, Garage Door Opener, Natural Woodwork, Tiled Floors, Walk-In Closet, Washer/Dryer Hookups
  • Amenities Exterior: Deck, Driveway - Concrete, Porch
  • Estimated Number of Acres: 0.37
  • Construction: Previously Owned
  • Foundation Size: 938
  • Mechanicals: Water Softener-Owned
  • Parcel Number: 203640004020
  • Projected Closed Date: 08/29/2014
  • Stories: 2 Story
  • Street Designation: Way
  • Taxes With Assessments: 2896
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Breakfast Nook, Combine with Kitchen, Eat-In Kitchen, Informal Dining Room
  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 5
  • Bathroom Description: 3/4 Basement, 3/4 Master, Main Floor 1/2 Bath, Private Master
  • Total Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 4
  • Room 1: Living Room, 15x12, On Level: Main
  • Room 2: Dining Room, 13x11, On Level: Main
  • Room 3: Family Room, 16x13, On Level: Main
  • Room 4: Kitchen, 13x12, On Level: Main
  • Room 5: Bedroom, 15x13, On Level: Upper
  • Room 6: Bedroom, 12x11, On Level: Upper
  • Room 7: 11x10, On Level: Upper
  • Room 8: Bedroom, 10x10, On Level: Upper
  • Room 9: Bedroom, 13x11, On Level: Lower
  • Room 10: Family Room, 20x13, On Level: Lower
  • Room 11: Deck, 24x10, On Level: Main
  • Basement Features: Drainage System, Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 1917
  • Below Grade Finished Sq Ft: 742
  • Total Fin Square Footage: 2659

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved
  • Exterior: Brick, Vinyl
  • Out Buildings: Storage Shed
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Electric, Natural Gas
  • Heat: Baseboard, Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: Inver Grove Hts #199

Lot Info

  • Estimated Lot Dimensions: Irregular
  • Lot/Land Description: Irregular Lot, Tree Coverage - Heavy

Building Info

  • Year Built: 1988

Tax Info

  • Year: 2014
  • Tax Value: 2896

MLS Schools

  • School District: Inver Grove Hts #199

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2014
Closed on
Aug 29, 2014
Sold by
Skow Lary L and Skow Melany A
Bought by
Schwab Richard S and Schwab Melissa L
Seller's Agent
Jim Herrmann
Home Avenue - Agent
Buyer's Agent
Travis Anderson
Keller Williams Premier Realty
List Price
$294,000
Sold Price
$290,000
Premium/Discount to List
-$4,000
-1.36%
Total Days on Market
5
Current Estimated Value
$465,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,876
Avg. Annual Appreciation
4.49%
Original Mortgage
$284,747
Interest Rate
3.75%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Schwab Richard S $290,000 Esquire Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwab Melissa L $297,000
Closed Schwab Richard S $286,230
Closed Schwab Richard S $284,747
Previous Owner Skow Lary L $175,000
Previous Owner Kiemen Robert J $15,000
Previous Owner Skow Larry L $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2014 08/29/14 Sold $290,000 -1.4% $109 / Sq Ft
07/16/2014 07/16/14 Pending -- -- --
07/11/2014 07/11/14 For Sale $294,000 -- $111 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,234 $409,900 $82,300 $327,600
2022 $3,746 $404,600 $82,200 $322,400
2021 $3,484 $341,800 $71,500 $270,300
2020 $3,382 $314,800 $68,100 $246,700
2019 $3,615 $305,400 $64,800 $240,600
2018 $3,486 $303,800 $61,700 $242,100
2017 $3,316 $291,900 $58,800 $233,100
2016 $3,203 $270,100 $56,000 $214,100
2015 $3,196 $249,321 $51,875 $197,446
2014 -- $232,753 $49,426 $183,327
2013 -- $212,588 $45,541 $167,047
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4646481

REALTOR® Association of Southern Minnesota

APN: 20-36400-04-020