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Sold for $189,900
  • $189,900

    1421 Rainbow Dr, Cedar Falls, IA 50613

    2beds
    1,430sqft
    Single Family Residence
    Built in 1955
    9,583 Square Feet Lot
    $193,800 Zestimate®
    $133/sqft
    $1,721 Estimated rent

    Home value

    $193,800

    $184,000 - $203,000

    $1,721/mo

    Zestimate® history
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    What's special

    Beautiful brick fireplaceTrue dining roomLarge family roomTwo nicely sized bedroomsNatural lightUpdated vinyl flooringAmple oak cabinetry
    This inviting Cedar Falls ranch is ready for you! The main floor features a bright living room with a beautiful brick fireplace, creating a welcoming place to unwind at the end of the day. Updated vinyl flooring flows through the living areas and bedrooms, keeping the space cohesive and easy to maintain. The kitchen offers ample oak cabinetry and connects directly to a true dining room, making it easy to move from meal prep to family dinners, puzzles, or game nights. Two nicely sized bedrooms provide good closet space and natural light, with an updated bathroom conveniently located nearby. The lower level features a large family room, perfect for a second gathering area, home office, or hobby space, along with a laundry room that offers excellent storage. Outside, the home features a tuck under one stall garage, patio, and a spacious backyard ready for relaxing or entertaining. Major updates have already been completed, including vinyl windows, A/C and furnace in 2014, 100 amp electrical upgrade in 2019, new shingles in 2022, and updated vinyl flooring throughout. Located just minutes from shopping, restaurants, and Hartman Reserve, this home offers a perfect balance of function, updates, and location. Call to schedule your private showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Paige Peyton 319-404-9899,

    Oakridge Real Estate

    Bought with:

    Douglas A McAllister, B62496000

    Pinnacle Realty

    Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20260864MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Rooms
    • Room types: Dining Room Separate, Living Room Separate, Lwr Level Family Room
    Other
    • Level: Upper
    Other
    • Level: Main
    Other
    • Level: Lower
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Free-Standing Range, Refrigerator, Washer, Gas Water Heater
    • Laundry: Lower Level
    Features
    • Basement: Block,Walk-Out Access,Partially Finished
    • Has fireplace: Yes
    • Fireplace features: One
    Interior area
    • Total interior livable area: 1,430 sqft
    • Finished area below ground: 338

    Property

    Parking
    • Total spaces: 1
    • Parking features: 1 Stall, Attached Garage, Garage Door Opener, Oversized, Tuckunder Garage
    • Has attached garage: Yes
    • Carport spaces: 1
    Features
    • Patio & porch: Patio
    Lot
    • Size: 9,583 Square Feet
    • Dimensions: 66 x 147
    Details
    • Parcel number: 891318178005
    • Zoning: R-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Roof: Shingle,Asphalt
    Condition
    • Year built: 1955

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Cedar Falls

    Financial & listing details

    • Price per square foot: $133/sqft
    • Tax assessed value: $181,290
    • Annual tax amount: $2,648
    • Date on market: 3/4/2026
    • Cumulative days on market: 1 day
    • Road surface type: Gravel, Hard Surface Road

    Price history

    DateEventPrice
    4/10/2026Sold$189,900$133/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260864 Report a problem
    3/5/2026Pending sale$189,900$133/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260864 Report a problem
    3/4/2026Listed for sale$189,900+22.5%$133/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260864 Report a problem
    7/23/2019Listing removed$155,000$108/sqft
    Source: RE/MAX Home Group #20192613 Report a problem
    7/23/2019Listed for sale$155,000+2.6%$108/sqft
    Source: RE/MAX Home Group #20192613 Report a problem
    7/22/2019Sold$151,000-2.6%$106/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20192613 Report a problem
    6/12/2019Pending sale$155,000$108/sqft
    Source: RE/MAX Home Group #20192613 Report a problem
    5/22/2019Listed for sale$155,000+29.7%$108/sqft
    Source: RE/MAX Home Group #20192613 Report a problem
    7/27/2012Listing removed$119,500$84/sqft
    Source: RE/MAX HOME GROUP #202622 Report a problem
    4/17/2012Listed for sale$119,500$84/sqft
    Source: RE/MAX HOME GROUP #202622 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,484 +3.1%$181,290 +10.1%
    2024$2,410 -1%$164,600
    2023$2,433 -1.1%$164,600 +17%
    2022$2,461 +6.8%$140,690
    2021$2,304 +0.3%$140,690 +6.3%
    2020$2,297 -1.4%$132,330 +5.2%
    2019$2,330 +0.2%$125,820
    2018$2,325 0%$125,820
    2017$2,326 +4.6%$125,820
    2016$2,224 $125,820
    2015$2,224 +5.3%$125,820 +3.9%
    2014$2,112 +7.9%$121,090 +4.1%
    2012$1,958 +2.4%$116,360
    2011$1,911 +1.5%$116,360 +2%
    2010$1,884 +4.1%$114,070
    2009$1,810 +2%$114,070
    2008$1,775 +3.4%$114,070 +7%
    2007$1,716 -1.7%$106,600
    2006$1,746 -0.3%$106,600
    2005$1,751 +2.3%$106,600 +18.1%
    2003$1,712 +0.8%$90,260
    2002$1,698 +7.9%$90,260 +18%
    2001$1,573 $76,490
    Find assessor info on the county website

    Neighborhood: 50613

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Cedar Heights Elementary
    • Middle: Peet Junior High
    • High: Cedar Falls High

    Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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