Beautifully updated 3-bedroom, 2-bath home featuring a single attached garage and a private backyard. This super clean property showcases hardwood floors throughout and a fully updated kitchen complete with a gas stove and stainless steel appliances. The interior has been refreshed with modern paint and updated doors, creating a bright, move-in-ready feel. A spacious 3-season porch extends the living area, perfect for relaxing or entertaining. The finished basement includes a cozy gas fireplace, a large 3/4 bath with a corner shower, and an egress window that offers the potential for a 4th bedroom. You'll also find a separate laundry room for added convenience. In addition to the attached garage, the property boasts a large detached double garage, providing ample storage and parking space. New privacy fence makes the backyard an oasis. Seller has never lived in the property and is being sold "As-Is."
Sold for $254,900
$254,900
1946 Rainbow Dr, Waterloo, IA 50701
3beds
1,456sqft
Single Family Residence
Built in 1957
0.26 Acres Lot
$254,800 Zestimate®
$175/sqft
$1,432 Estimated rent
Home value
$254,800
$242,000 - $268,000
$1,432/mo
Zestimate® history
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List your homeWhat's special
Single attached garageLarge detached double garageModern paintUpdated doorsHardwood floors throughoutBright move-in-ready feelPrivate backyard
Zillow last checked:
Listing updated:
Listed by:
Carissa L Holton 319-830-3598,
EXP Realty, LLC
Bought with:
Carl Ericson, S43269
Oakridge Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20261142
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, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Free-Standing Range, Refrigerator, Gas Water Heater
- Laundry: Lower Level
Features
- Ceiling-Cove
- Flooring: Hardwood
- Basement: Block,Concrete,Partially Finished
- Has fireplace: Yes
- Fireplace features: Double Sided, Gas
Interior area
- Total interior livable area: 1,456 sqft
- Finished area below ground: 400
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Stalls, Attached Garage, Detached Garage, Garage Door Opener
- Has attached garage: Yes
- Carport spaces: 3
Features
- Patio & porch: Enclosed
- Fencing: Privacy
Lot
- Size: 0.26 Acres
- Dimensions: 72.00 x 158.00
Details
- Parcel number: 891317428014
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Shingle Siding, Vinyl Siding
- Roof: Shingle,Asphalt
Condition
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Waterloo
- Subdivision: AUDITOR WHITNEY ROAD PLAT CASTLE HILL WATERLOO PAR
Other
Other facts
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2026 | Sold | $254,900$175/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20261142 Report a problem | ||
| 3/27/2026 | Pending sale | $254,900$175/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261142 Report a problem | ||
| 3/24/2026 | Listed for sale | $254,900$175/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261142 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,079 +5% | $239,230 +8.6% |
| 2024 | $3,883 +4.7% | $220,380 |
| 2023 | $3,709 +2.8% | $220,380 +21.7% |
| 2022 | $3,608 +6.9% | $181,130 |
| 2021 | $3,376 +1.8% | $181,130 +12.5% |
| 2020 | $3,315 -1.1% | $160,940 |
| 2019 | $3,353 +0.7% | $160,940 |
| 2018 | $3,329 +0% | $160,940 -0.3% |
| 2017 | $3,328 -1.8% | $161,350 |
| 2016 | $3,388 | $161,350 |
| 2015 | $3,388 +1% | $161,350 |
| 2014 | $3,356 +0.8% | $161,350 |
| 2012 | $3,328 +8.5% | $161,350 |
| 2011 | $3,067 +3.4% | $161,350 +6.3% |
| 2010 | $2,967 +2.9% | $151,840 |
| 2009 | $2,884 +2.3% | $151,840 |
| 2008 | $2,820 +1.8% | $151,840 +7% |
| 2007 | $2,770 -0.5% | $141,910 |
| 2006 | $2,785 -2.3% | $141,910 |
| 2005 | $2,852 +6% | $141,910 +14.8% |
| 2003 | $2,692 +1.7% | $123,620 |
| 2002 | $2,648 +15.6% | $123,620 +18% |
| 2001 | $2,290 | $104,760 |
Find assessor info on the county website
Neighborhood: 50701
Nearby schools
GreatSchools rating
- 5/10Fred Becker Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 1/10Central Middle SchoolGrades: 6-8Distance: 1.5 mi
- 2/10East High SchoolGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Elementary: Fred Becker Elementary
- Middle: Central Intermediate
- 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
- 1946 Rainbow Dr
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