Waterloo address Cedar Falls schools!! This fantastic 3 bedroom 2 bath ranch is situated on over a half acre lot with beautiful landscaping and a private covered bridge to access the back of the lot. Main level features a bright updated kitchen with stainless steel appliances, dining area with sliders to newer raised deck, spacious living room, 3 nice sized bedrooms and updated full bath. Finished walk-out lower level offer a family room, 4th bedroom, 3/4 bath and two storage areas. Outside offers plenty of storage space with two garages (24X24 and 18X20).
Sold for $245,000
$245,000
2161 Rainbow Dr, Waterloo, IA 50701
4beds
1,644sqft
Single Family Residence
Built in 1969
0.62 Acres Lot
$246,400 Zestimate®
$149/sqft
$1,598 Estimated rent
Home value
$246,400
$219,000 - $276,000
$1,598/mo
Zestimate® history
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$1,320/mo
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List your homeWhat's special
Finished walk-out lower levelPrivate covered bridgeBright updated kitchenBeautiful landscapingNewer raised deckStainless steel appliancesFamily room
Zillow last checked:
Listing updated:
Listed by:
Scott Seeley Gri, Crs 319-415-6683,
RE/MAX Concepts - Cedar Falls
Bought with:
Emsad Begic, B56539000
Vine Valley Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20253971
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- 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
- Laundry: Lower Level
Features
- Basement: Walk-Out Access,Partially Finished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 1,644 sqft
- Finished area below ground: 500
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Stalls, Detached Garage, Garage Door Opener
- Carport spaces: 3
Features
- Patio & porch: Deck
- Exterior features: Garden
Lot
- Size: 0.62 Acres
- Dimensions: 74 X 365
- Features: Landscaped, Wooded
Details
- Additional structures: Storage
- Parcel number: 891317452003
- 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: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Waterloo
- Subdivision: Midway in Castle Hill
Other
Other facts
- Road surface type: Black Top
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Sold | $245,000-3.9%$149/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20253971 Report a problem | ||
| 8/28/2025 | Pending sale | $255,000$155/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20253971 Report a problem | ||
| 8/16/2025 | Listed for sale | $255,000+24.4%$155/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20253971 Report a problem | ||
| 4/30/2021 | Sold | $205,000+17.1%$125/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20210879 Report a problem | ||
| 11/26/2019 | Sold | $175,000+0.1%$106/sqft |
Source: Public Record Report a problem | ||
| 9/27/2019 | Pending sale | $174,900$106/sqft |
Source: Amy Wienands Real Estate #20194985 Report a problem | ||
| 9/24/2019 | Listed for sale | $174,900$106/sqft |
Source: Amy Wienands Real Estate #20194985 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,223 +2.9% | $232,350 +8.2% |
| 2024 | $4,103 +10.4% | $214,840 +1.4% |
| 2023 | $3,716 +4.3% | $211,930 +24.4% |
| 2022 | $3,562 +17.9% | $170,340 +2.8% |
| 2021 | $3,021 +2.9% | $165,720 +17% |
| 2020 | $2,936 +2.9% | $141,610 |
| 2019 | $2,854 +8.4% | $141,610 +3.6% |
| 2018 | $2,633 0% | $136,640 +6.2% |
| 2017 | $2,634 +3.5% | $128,700 |
| 2016 | $2,546 | $128,700 |
| 2015 | $2,546 +2.2% | $128,700 |
| 2014 | $2,490 -2.7% | $128,700 |
| 2012 | $2,558 +8.5% | $128,700 |
| 2011 | $2,358 +2.7% | $128,700 +6.5% |
| 2010 | $2,295 +3.9% | $120,870 |
| 2009 | $2,209 +2.6% | $120,870 |
| 2008 | $2,152 +3.3% | $120,870 +7% |
| 2007 | $2,084 -1.2% | $112,960 |
| 2006 | $2,110 +2.4% | $112,960 |
| 2005 | $2,059 +3.3% | $112,960 +21.4% |
| 2003 | $1,994 +0.9% | $93,020 |
| 2002 | $1,976 +10.7% | $93,020 +18% |
| 2001 | $1,786 | $78,830 |
Find assessor info on the county website
Neighborhood: 50701
Nearby schools
GreatSchools rating
- 6/10Cedar Heights Elementary SchoolGrades: PK-6Distance: 0.7 mi
- 9/10Peet Junior High SchoolGrades: 7-9Distance: 1.8 mi
- 7/10Cedar Falls High SchoolGrades: 10-12Distance: 3.7 mi
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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- Iowa
- Black Hawk County
- Waterloo
- 50701
- 2161 Rainbow Dr
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