Welcome to this inviting home featuring 3 bedrooms and 2 bathrooms. The main level offers an open floor plan that flows seamlessly from the kitchen to the living room—perfect for everyday living and entertaining. Two bedrooms and an updated full bathroom complete the main floor. The finished basement expands your living space with a spacious bedroom—often ideal as a primary suite—featuring a walk-in closet and a beautifully updated full bathroom. A second family room adds even more versatility for guests, hobbies, or a home office. Outside, you’ll appreciate the impressive 768-square-foot oversized 3 stall garage that’s both heated and cooled with a concrete floor—perfect for a workshop, hobby space, or extra storage. This property blends comfort, modern updates, and functionality both inside and out—schedule your showing today!
Sold for $190,000
$190,000
1823 Rainbow Dr, Waterloo, IA 50701
3beds
1,198sqft
Single Family Residence
Built in 1952
9,147 Square Feet Lot
$194,900 Zestimate®
$159/sqft
$1,385 Estimated rent
Home value
$194,900
$175,000 - $218,000
$1,385/mo
Zestimate® history
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$1,307/mo
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List your homeWhat's special
Finished basementSecond family roomSpacious bedroomWalk-in closetOpen floor plan
Zillow last checked:
Listing updated:
Listed by:
Bethany Benner 319-551-4010,
Oakridge Real Estate
Bought with:
Josh Hansen, S70374000
Structure Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20254094
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Family Room, Liv Room/Din Room Combo, Lwr Level Family Room
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Partially Finished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 1,198 sqft
- Finished area below ground: 430
Property
Parking
- Total spaces: 3
- Parking features: Oversized, Workshop in Garage
- Carport spaces: 3
Lot
- Size: 9,147 Square Feet
- Dimensions: 67x134
Details
- Additional structures: Outbuilding
- Parcel number: 891317478003
- 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: 1952
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $157,430
- Annual tax amount: $3,133
- Date on market: 8/22/2025
- Cumulative days on market: 18 days
- Road surface type: Black Top, Hard Surface Road
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2025 | Sold | $190,000-3.1%$159/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20254094 Report a problem | ||
| 9/9/2025 | Pending sale | $196,000$164/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20254094 Report a problem | ||
| 8/22/2025 | Listed for sale | $196,000+46.3%$164/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20254094 Report a problem | ||
| 3/5/2021 | Sold | $134,000-7.6%$112/sqft |
Source: Public Record Report a problem | ||
| 12/12/2020 | Price change | $145,000-2%$121/sqft |
Source: Owner Report a problem | ||
| 10/5/2020 | Listed for sale | $147,900+17.4%$123/sqft |
Source: Owner Report a problem | ||
| 4/9/2010 | Sold | $126,000-6.9%$105/sqft |
Source: Public Record Report a problem | ||
| 10/3/2009 | Listing removed | $135,400$113/sqft |
Source: Prudential One Real Estate #163392 Report a problem | ||
| 8/8/2009 | Listed for sale | $135,400$113/sqft |
Source: Prudential One Real Estate #163392 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,912 +8.7% | $157,430 +9% |
| 2024 | $2,678 +2.4% | $144,450 |
| 2023 | $2,615 +5.9% | $144,450 +21.3% |
| 2022 | $2,469 +16.9% | $119,050 +3.1% |
| 2021 | $2,113 +1.9% | $115,470 +13.4% |
| 2020 | $2,074 -1.2% | $101,870 |
| 2019 | $2,098 +1% | $101,870 |
| 2018 | $2,077 +0% | $101,870 |
| 2017 | $2,076 -1.8% | $101,870 |
| 2016 | $2,114 | $101,870 |
| 2015 | $2,114 +1% | $101,870 |
| 2014 | $2,094 -2.6% | $101,870 |
| 2012 | $2,150 +14.6% | $101,870 |
| 2011 | $1,875 +3.3% | $101,870 +12.5% |
| 2010 | $1,816 +2.8% | $90,520 |
| 2009 | $1,767 +2.2% | $90,520 |
| 2008 | $1,729 +1.7% | $90,520 +7% |
| 2007 | $1,700 +21.8% | $84,600 |
| 2006 | $1,396 -5.7% | $84,600 +22.4% |
| 2005 | $1,480 +13.1% | $69,110 +18.5% |
| 2003 | $1,308 +1.7% | $58,340 |
| 2002 | $1,287 +10.7% | $58,340 +18% |
| 2001 | $1,162 | $49,440 |
Find assessor info on the county website
Neighborhood: 50701
Nearby homes
- $166,6002 bd1 ba1.2k sqft1831 Rainbow Dr, Waterloo, IA 50701Off Market
- $224,9004 bd2 ba1.5k sqft1817 Rainbow Dr, Waterloo, IA 50701Sold
- $178,8003 bd1 ba1.1k sqft121 Lobdell Rd, Waterloo, IA 50701Off Market
- $200,3003 bd1 ba1.3k sqft1837 Rainbow Dr, Waterloo, IA 50701Off Market
- $168,6002 bd1 ba1k sqft1811 Rainbow Dr, Waterloo, IA 50701Off Market
- $177,9004 bd2 ba1.1k sqft127 Lobdell Rd, Waterloo, IA 50701Off Market
- $218,1003 bd2 ba1.1k sqft1826 Rainbow Dr, Waterloo, IA 50701Off Market
- $231,6003 bd2 ba1.8k sqft1816 Rainbow Dr, Waterloo, IA 50701Off Market
Nearby schools
GreatSchools rating
- 5/10Fred Becker Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 2/10Central Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10East High SchoolGrades: 9-12Distance: 3.6 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
- 1823 Rainbow Dr
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