7481 Borman Ave
Inver Grove Heights, MN 55076
3 bd 2 ba 1,358 sqft Built 1983 Lot 5,879 sqft townhomes
Most recent sale
$280,000
Feb 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 28, 2022 | Sold | $280,000 | MLS #6144098 |
| Jan 20, 2022 | Listed | $280,000 | MLS #6144098 |
| Sep 22, 2021 | Sold | $258,000 | Public Record |
| Jan 13, 2018 | Sold | $172,500 | MLS #4890540 |
| Nov 15, 2017 | Relisted | $174,900 | MLS #4890540 |
| Nov 13, 2017 | Listing removed | $174,900 | NorthstarMLS |
| Nov 8, 2017 | Listed | $174,900 | MLS #4890540 |
| Dec 16, 1993 | Sold | $64,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $216,000 | $27,172 | $243,172 | $2,802 |
| 2023 | $201,429 | $27,945 | $229,374 | $2,384 |
| 2022 | $156,179 | $23,382 | $179,561 | $2,040 |
| 2021 | $141,715 | $21,932 | $163,647 | $1,898 |
| 2020 | $141,715 | $21,932 | $163,647 | $1,774 |
| 2019 | $131,622 | $20,580 | $152,202 | $1,684 |
| 2013 | $84,628 | $12,202 | $96,830 | $1,316 |
| 2012 | $84,628 | $12,202 | $96,830 | $1,435 |
| 2011 | $96,639 | $13,271 | $109,910 | $1,441 |
| 2009 | $145,800 | $21,200 | $167,000 | $1,467 |
| 2008 | $145,800 | $21,200 | $167,000 | $1,504 |
| 2007 | $148,900 | $21,200 | $170,100 | $1,445 |
Property facts
Year built
1983
Property type
townhomes
Stories
2
Beds
3
Baths
2
Living area
1,358 sqft
Lot size
5,879 sqft
ZIP code
55076
City
Inver Grove Heights
Street
Borman Ave
Coordinates
44.84139, -93.05070
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,037
Gross rental yield
8.73%
Implied cap rate
5.67%
Trend-extrapolated value
—
Frequently asked questions
When did 7481 Borman Ave last sell?
7481 Borman Ave most recently sold on Feb 28, 2022 for $280,000.
What is the current tax assessment for 7481 Borman Ave?
The most recent total assessment for 7481 Borman Ave (year 2025) is $243,172 with $2,802 in property tax.
How does 7481 Borman Ave's assessment compare to its last sale price?
The current assessment is 13.2% below the last sale price of $280,000.
When was 7481 Borman Ave built?
7481 Borman Ave was built in 1983.
How does 7481 Borman Ave compare to others on Borman Ave?
We track 8 other properties on Borman Ave. Browse the list under "Other properties on Borman Ave" to compare beds, baths, and sale history.
What are the property facts for 7481 Borman Ave?
7481 Borman Ave is a 3 bed, 2 bath, 1,358 sqft, 5,879 sqft lot townhomes.
Is 7481 Borman Ave a flip candidate?
No — 7481 Borman Ave does not appear in our flips dataset.
Is 7481 Borman Ave a tax-appeal candidate?
No — 7481 Borman Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.2%
Implied 1-yr
-4.6%
2026 Q3
$302.8K
2026 Q4
$299K
ZIP 55076 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Borman Ave