This thoughtfully laid-out ranch home has everything you need. With three main-level bedrooms, a bathroom on both levels, and tasteful updates, it's move-in ready! The kitchen has the island of your dreams with plenty of seating and new appliances. It opens to both the dining and living room but still provides dedicated spaces for both. You'll love the privacy in the backyard, which has both a screened porch and a deck to enjoy. All located on a quiet street in Fairbank, near the school and the aquatic center. The lower level has a touch of nostalgia with retro charm, including a wet bar and recreational area. You'll love all the storage in both the basement, as well as the extra long garage stalls and a small shed in the backyard. It's all waiting for you!
Sold for $227,000
$227,000
201 Rainbow Dr, Fairbank, IA 50629
3beds
1,995sqft
Single Family Residence
Built in 1969
10,105 Square Feet Lot
$232,600 Zestimate®
$114/sqft
$1,690 Estimated rent
Home value
$232,600
Estimated sales range
Not available
$1,690/mo
Zestimate® history
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List your homeWhat's special
Wet barScreened porchPrivacy in the backyardRecreational areaNew appliances
Zillow last checked:
Listing updated:
Listed by:
Rochelle Kane 319-830-0494,
Fischels Residential Group,
Joe Leehey 319-415-7349,
Fischels Residential Group
Bought with:
Bryce Clark, S7281000
RE/MAX Concepts - Cedar Falls
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20253104
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Appliances Negotiable, Built-In Oven, Dishwasher, Disposal, Microwave, Refrigerator, Water Softener Owned
Features
- Basement: Block,Finished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 1,995 sqft
- Finished area below ground: 600
Property
Parking
- Total spaces: 2
- Parking features: 2 Stall
- Carport spaces: 2
Lot
- Size: 10,105 Square Feet
- Dimensions: 100'x46'x120'x120'
Details
- Has additional parcels: Yes
- Parcel number: 0105230007
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Cement Siding
- Roof: Shingle,Asphalt
Condition
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Fairbank
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $195,240
- Annual tax amount: $2,194
- Date on market: 7/1/2025
- Cumulative days on market: 49 days
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Sold | $227,000-1.3%$114/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20253104 Report a problem | ||
| 8/21/2025 | Pending sale | $230,000$115/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20253104 Report a problem | ||
| 8/16/2025 | Price change | $230,000-2.1%$115/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20253104 Report a problem | ||
| 7/1/2025 | Listed for sale | $235,000$118/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20253104 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,194 -3.3% | $166,280 |
| 2023 | $2,270 +2.9% | $166,280 +19.7% |
| 2022 | $2,206 +0.3% | $138,860 |
| 2021 | $2,200 +1.6% | $138,860 +8.5% |
| 2020 | $2,166 -2.4% | $128,030 |
| 2019 | $2,220 +4.5% | $128,030 +3.3% |
| 2018 | $2,124 | $123,890 |
| 2017 | $2,124 -2.7% | $123,890 -3.3% |
| 2016 | $2,182 | $128,160 |
| 2015 | $2,182 -0.1% | $128,160 |
| 2014 | $2,184 | $128,160 |
| 2013 | -- | $128,160 |
| 2012 | -- | $128,160 |
| 2011 | -- | $128,160 +2.1% |
| 2010 | -- | $125,578 |
| 2007 | $1,618 +25.2% | -- |
| 2005 | $1,292 | -- |
Find assessor info on the county website
Neighborhood: 50629
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Nearby schools
GreatSchools rating
- 5/10Fairbank Elementary SchoolGrades: PK-6Distance: 0.1 mi
- 4/10Wapsie Valley High SchoolGrades: 7-12Distance: 5.7 mi
Schools provided by the listing agent
- Elementary: Fairbank Elementary
- Middle: Wapsie Valley
- High: Wapsie Valley
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
- Buchanan County
- Fairbank
- 50629
- 201 Rainbow Dr
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