Welcome to 2523 Rainbow Dr., a charming and character-filled 1 1/2-story home nestled on over half an acre of land in the heart of Cedar Falls. This delightful residence offers the perfect blend of classic appeal and modern updates, just steps away from the local elementary school and within close proximity to Hartman Reserve Nature Center, ideal for nature enthusiasts and outdoor adventurers alike. Inside, the home boasts three generously sized bedrooms and two baths, with beautiful hardwood flooring throughout, adding warmth and character to the space. The updated eat-in kitchen is a true highlight, featuring sleek quartz countertops and ample space for family gatherings or casual dining. A formal dining area adds a touch of sophistication, while the inviting living room, complete with a cozy wood-burning fireplace, is the perfect spot to unwind. The lower level remains unfinished, offering abundant possibilities to expand or customize to suit your needs. Outside, the property includes a single-stall garage, with plenty of room to build your dream garage or outdoor oasis. Located centrally between Waterloo and Cedar Falls, this home is just moments away from schools, parks, the bike trail, shopping, and all the conveniences of daily life. With its ideal location, spacious lot, and timeless charm, 2523 Rainbow Dr. is a must-see. Don’t miss your opportunity to make this beautiful home your own!
Sold for $236,000
$236,000
2523 Rainbow Dr, Cedar Falls, IA 50613
3beds
1,418sqft
Single Family Residence
Built in 1932
0.54 Acres Lot
$240,300 Zestimate®
$166/sqft
$2,018 Estimated rent
Home value
$240,300
$214,000 - $272,000
$2,018/mo
Zestimate® history
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List your homeWhat's special
Formal dining areaSingle-stall garageUpdated eat-in kitchenBeautiful hardwood flooringSleek quartz countertopsSpacious lotCozy wood-burning fireplace
Zillow last checked:
Listing updated:
Listed by:
Jason Strelow 319-961-3000,
Berkshire Hathaway Home Services One Realty Centre
Bought with:
Tyler Bice, S64843000
Structure Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20250936
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: 1st Floor Entry, Dining Room Separate, Pantry
Primary bedroom
- Level: Main
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator, Water Purifier, Gas Water Heater
- Laundry: Gas Dryer Hookup, Lower Level, Washer Hookup
Features
- Ceiling-Specialty, Ceiling Fan(s), Solid Surface Counters, Pantry
- Flooring: Hardwood
- Basement: Block,Concrete,Interior Entry,Floor Drain,Unfinished
- Has fireplace: Yes
- Fireplace features: One, Living Room, Wood Burning
Interior area
- Total interior livable area: 1,418 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: 1 Stall, Detached Garage, Garage Door Opener
- Carport spaces: 1
Features
- Patio & porch: Patio
Lot
- Size: 0.54 Acres
- Dimensions: 94x250
- Features: Landscaped, Level
Details
- Parcel number: 891317351003
- Zoning: C-2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Shingle,Asphalt
Condition
- Year built: 1932
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Security: Smoke Detector(s)
Location
- Region: Cedar Falls
Financial & listing details
- Price per square foot: $166/sqft
- Tax assessed value: $182,460
- Annual tax amount: $2,852
- Date on market: 3/11/2025
- Cumulative days on market: 40 days
- Road surface type: Concrete, Hard Surface Road
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2025 | Sold | $236,000-1.7%$166/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20250936 Report a problem | ||
| 4/21/2025 | Pending sale | $240,000$169/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250936 Report a problem | ||
| 4/16/2025 | Price change | $240,000-4%$169/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250936 Report a problem | ||
| 3/11/2025 | Listed for sale | $249,900+4.1%$176/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20250936 Report a problem | ||
| 2/28/2024 | Sold | $240,000-5.5%$169/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20234917 Report a problem | ||
| 1/21/2024 | Pending sale | $253,900$179/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20234917 Report a problem | ||
| 12/6/2023 | Price change | $253,900-4.2%$179/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20234917 Report a problem | ||
| 11/20/2023 | Listed for sale | $264,900+81.4%$187/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20234917 Report a problem | ||
| 3/1/2021 | Sold | $146,000+2.8%$103/sqft |
Source: Agent Provided Report a problem | ||
| 11/4/2016 | Sold | $142,000-2%$100/sqft |
Source: Public Record Report a problem | ||
| 9/9/2015 | Listing removed | $144,900$102/sqft |
Source: CENTURY 21 LSB Real Estate #20154934 Report a problem | ||
| 7/29/2015 | Listed for sale | $144,900+11.5%$102/sqft |
Source: CENTURY 21 LSB Real Estate #20154934 Report a problem | ||
| 7/19/2013 | Sold | $130,000-7.1%$92/sqft |
Source: Public Record Report a problem | ||
| 6/6/2013 | Price change | $139,900-1.5%$99/sqft |
Source: Oakridge Realtors #2014229 Report a problem | ||
| 5/9/2013 | Price change | $142,000-2.1%$100/sqft |
Source: Oakridge Realtors #2014229 Report a problem | ||
| 4/21/2013 | Listed for sale | $145,000$102/sqft |
Source: Visual Tour #2014229 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,936 +9.2% | $193,530 +6.1% |
| 2024 | $2,689 +4.7% | $182,460 |
| 2023 | $2,569 -1.1% | $182,460 +23.2% |
| 2022 | $2,599 -2.1% | $148,050 |
| 2021 | $2,655 +8.6% | $148,050 +3.8% |
| 2020 | $2,444 -1.7% | $142,600 -0.1% |
| 2019 | $2,485 -5.8% | $142,700 |
| 2018 | $2,637 0% | $142,700 |
| 2017 | $2,638 +4.6% | $142,700 |
| 2016 | $2,522 | $142,700 |
| 2015 | $2,522 +11.6% | $142,700 +7.3% |
| 2014 | $2,260 +0.1% | $132,940 -3.5% |
| 2012 | $2,258 +15.1% | $137,820 |
| 2011 | $1,961 +1.6% | $137,820 +14.1% |
| 2010 | $1,930 +4.2% | $120,840 |
| 2009 | $1,852 +2.1% | $120,840 |
| 2008 | $1,815 +3.5% | $120,840 +7% |
| 2007 | $1,753 -1.7% | $112,930 |
| 2006 | $1,783 -8.8% | $112,930 |
| 2005 | $1,956 +2.5% | $112,930 +8.3% |
| 2003 | $1,909 +0.8% | $104,300 |
| 2002 | $1,894 +8.2% | $104,300 +18% |
| 2001 | $1,750 | $88,390 |
Find assessor info on the county website
Neighborhood: 50613
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Nearby schools
GreatSchools rating
- 4/10Cedar Heights Elementary SchoolGrades: PK-6Distance: 0.1 mi
- 8/10Peet Junior High SchoolGrades: 7-9Distance: 1.3 mi
- 6/10Cedar Falls High SchoolGrades: 10-12Distance: 3.2 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
- Cedar Falls
- 50613
- 2523 Rainbow Dr
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