FULLY PAID FOR SOLAR PANELS! Enjoy exceptionally affordable living in this well-maintained ranch-style home, built in 1966 and thoughtfully updated with a newer metal roof and owned solar panels—no lease, no payments. Offering approximately 1,514 square feet of finished living space, this home features 3 bedrooms and 1.75 bathrooms with a comfortable, functional layout. Situated on a desirable walk-out lot, the property sits on nearly 1/3 acre and includes a fully fenced backyard—perfect for entertaining, pets, or gardening. The partially finished basement provides additional flexible living space ideal for a family room, home office, or recreation area. A single-stall garage adds convenience, while the generous lot size and private setting offer room to enjoy both indoors and out. This home is a great opportunity for efficient living with space, updates, and long-term savings already built in. *All measurements to be verified by buyers
Sold for $198,500
$198,500
1712 Rainbow Dr, Waterloo, IA 50701
3beds
1,514sqft
Single Family Residence
Built in 1966
0.28 Acres Lot
$199,100 Zestimate®
$131/sqft
$1,413 Estimated rent
Home value
$199,100
$179,000 - $223,000
$1,413/mo
Zestimate® history
Owner options
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$1,413/mo
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$1,413/mo
Rent Zestimate®
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$1,069/mo
Est. payment
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$1,069/mo
Est. payment
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List your homeWhat's special
Comfortable functional layoutWell-maintained ranch-style homeNewer metal roofDesirable walk-out lotSingle-stall garage adds convenience
Zillow last checked:
Listing updated:
Listed by:
Justin Reuter 319-939-5112,
Oakridge Real Estate
Bought with:
Chase Lyons, S72786000
Oakridge Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20260552
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave Built In, Free-Standing Range, Refrigerator
Features
- Basement: Block
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 1,514 sqft
- Finished area below ground: 450
Property
Parking
- Total spaces: 1
- Parking features: 1 Stall
- Carport spaces: 1
Features
- Fencing: Fenced
Lot
- Size: 0.28 Acres
- Dimensions: 65x187
Details
- Parcel number: 891316352024
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1966
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Waterloo
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Sold | $198,500+7.3%$131/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20260552 Report a problem | ||
| 2/12/2026 | Pending sale | $185,000$122/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260552 Report a problem | ||
| 2/10/2026 | Listed for sale | $185,000+68.2%$122/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20260552 Report a problem | ||
| 12/12/2011 | Sold | $110,000+0.1%$73/sqft |
Source: Public Record Report a problem | ||
| 10/23/2011 | Pending sale | $109,900$73/sqft |
Source: Cedar Falls Real Estate Solutions #174265 Report a problem | ||
| 10/21/2011 | Listed for sale | $109,900+15.7%$73/sqft |
Source: Cedar Falls Real Estate Solutions #174265 Report a problem | ||
| 8/11/2008 | Sold | $95,000$63/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,702 +8.7% | $196,340 +8.5% |
| 2024 | $3,406 +13.3% | $180,890 |
| 2023 | $3,007 +2.8% | $180,890 +24.1% |
| 2022 | $2,926 +8.7% | $145,810 |
| 2021 | $2,691 +1.8% | $145,810 +14.4% |
| 2020 | $2,643 -1.1% | $127,410 |
| 2019 | $2,672 +1% | $127,410 |
| 2018 | $2,646 +0% | $127,410 |
| 2017 | $2,646 -1.7% | $127,410 |
| 2016 | $2,692 | $127,410 |
| 2015 | $2,692 +0.8% | $127,410 |
| 2014 | $2,670 -0.7% | $127,410 |
| 2012 | $2,689 +9.2% | $127,410 |
| 2011 | $2,462 +3.3% | $127,410 +7.2% |
| 2010 | $2,383 +2.8% | $118,820 |
| 2009 | $2,319 +2.2% | $118,820 |
| 2008 | $2,269 +1.7% | $118,820 +7% |
| 2007 | $2,232 -0.5% | $111,040 |
| 2006 | $2,243 -0.1% | $111,040 |
| 2005 | $2,246 +5.8% | $111,040 +17.3% |
| 2003 | $2,123 +1.7% | $94,640 |
| 2002 | $2,088 +10.7% | $94,640 +18% |
| 2001 | $1,885 | $80,200 |
Find assessor info on the county website
Neighborhood: 50701
Nearby schools
GreatSchools rating
- 5/10Fred Becker Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 1/10Central Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10East High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Fred Becker Elementary
- Middle: Central
- High: East 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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- Iowa
- Black Hawk County
- Waterloo
- 50701
- 1712 Rainbow Dr
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