Skip main navigation
Sold for $299,000
  • $299,000

    2320 Rainbow Dr, Cedar Falls, IA 50613

    3beds
    2,367sqft
    Single Family Residence
    Built in 1938
    0.44 Acres Lot
    $300,600 Zestimate®
    $126/sqft
    $1,888 Estimated rent

    Home value

    $300,600

    $262,000 - $346,000

    $1,888/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $1,888/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $1,888/mo

    Rent Zestimate®

    Refinance and save

    $1,968/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $1,968/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    New flooring
    Welcome to this well-maintained Cedar Falls home, ideally located across from a local school and just minutes from everyday conveniences. With 3 bedrooms, 2 bathrooms, and over 2,300 square feet of living space, there’s room here to settle in comfortably while still having space to spread out. Inside, the layout offers flexibility with two separate living areas—perfect for entertaining, relaxing, or creating dedicated spaces for work or hobbies. The kitchen has been updated and connects easily to the dining and main living areas, making day-to-day living feel simple and connected. Recent updates bring a fresh feel throughout, including new carpet on the main and upper levels, along with new flooring and a finished ceiling in the basement. These improvements add both comfort and usability, especially in the lower-level living space. Upstairs, a dedicated HVAC system allows for better temperature control year-round, adding another layer of practicality to the home. Outside, the large lot provides plenty of space to enjoy—whether that’s gardening, play, or quiet evenings on the patio. If you’re looking for a home that offers space, thoughtful updates, and a convenient Cedar Falls location, this one is worth a closer look.

    Zillow last checked:

    Listing updated:

    Listed by:

    Gordie Sorensen 319-269-1164,

    RE/MAX Concepts - Cedar Falls,

    Gerald Sorensen 319-269-1168,

    RE/MAX Concepts - Cedar Falls

    Bought with:

    Valerie Wolfensperger, S68157000

    Oakridge Real Estate

    Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20261236MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Other
    • Level: Upper
    Other
    • Level: Main
    Other
    • Level: Lower
    Heating
    • Natural Gas
    Cooling
    • Central Air
    Features
    • Basement: Block
    • Has fireplace: Yes
    • Fireplace features: Masonry
    Interior area
    • Total interior livable area: 2,367 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    • Parking features: 3 or More Stalls
    • Carport spaces: 3
    Lot
    • Size: 0.44 Acres
    • Dimensions: 131x145
    Details
    • Parcel number: 891318427024
    • Zoning: R-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Aluminum Siding
    • Roof: Asphalt
    Condition
    • Year built: 1938

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Cedar Falls

    Financial & listing details

    • Price per square foot: $126/sqft
    • Tax assessed value: $312,900
    • Annual tax amount: $4,358
    • Date on market: 3/30/2026
    • Cumulative days on market: 3 days
    • Road surface type: Concrete

    Price history

    DateEventPrice
    5/1/2026Sold$299,000-0.2%$126/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261236 Report a problem
    4/3/2026Pending sale$299,500$127/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261236 Report a problem
    3/30/2026Listed for sale$299,500-0.1%$127/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261236 Report a problem
    11/17/2025Listing removed$299,750$127/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20253611 Report a problem
    9/24/2025Price change$299,750-6.3%$127/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20253611 Report a problem
    9/2/2025Price change$320,000-4.5%$135/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20253611 Report a problem
    7/29/2025Listed for sale$335,000$142/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20253611 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $312,900 +12.3%
    2024$4,358 +7.1%$278,740
    2023$4,069 -1.1%$278,740 +19.8%
    2022$4,116 +3.2%$232,670
    2021$3,988 +1.9%$232,670 +2.9%
    2020$3,916 $226,080 -0.3%
    2019-- $226,700 +42.5%
    2018$2,718 +0%$159,140
    2017$2,718 +4.5%$159,140
    2016$2,600 $159,140
    2015$2,600 +1.5%$159,140
    2014$2,562 -2.1%$159,140
    2012$2,617 -23.3%$159,140
    2011$3,411 +1.5%$159,140 -23.3%
    2010$3,359 +4.2%$207,360
    2009$3,225 +6.7%$207,360
    2008$3,023 +3.5%$207,360 +11.8%
    2007$2,921 +0.3%$185,500
    2006$2,912 +10.2%$185,500 +2%
    2005$2,643 +2.4%$181,870 +30.2%
    2003$2,581 +3.9%$139,690
    2002$2,484 +10.8%$139,690 +21.5%
    2001$2,243 $114,970
    Find assessor info on the county website

    Neighborhood: 50613

    Nearby schools

    GreatSchools rating
    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.

    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.