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For sale
  • $345,000

    3018 Rainbow Dr, Cedar Falls, IA 50613

    3beds
    1,792sqft
    : 
    $2,474/mo
    Get pre-qualified
    Single Family Residence
    Built in 1922
    0.64 Acres Lot
    $325,800 Zestimate®
    $193/sqft
    $-- HOA

    What's special

    Step into the timeless charm of this beautiful 1922 home, built by Arthur T. Moorehouse, where original character blends seamlessly with thoughtful modern updates. Situated on a spacious 0.64-acre lot, this unique property offers the perfect combination of historic appeal, comfortable living, and beautiful outdoor space in a desirable Cedar Falls location. The upper-level features three bedrooms and a full bathroom, along with access to a rooftop patio—a wonderful spot to step outside, unwind, and enjoy the surroundings. On the main floor, you'll find a beautifully renovated kitchen, convenient half bathroom, and functional mudroom. A separate dining room, family room, and cozy sunroom create a versatile and inviting layout with plenty of space for everyday living and entertaining. The clean and versatile basement provides even more usable space with endless possibilities. Create a home gym, office, additional family room, hobby area, or whatever best fits your needs. The basement also includes an additional bathroom and dedicated laundry area. Outside, mature trees, established garden areas, a patio, and an expansive yard create a peaceful setting with plenty of room to relax, entertain, garden, or simply enjoy the outdoors. A two-stall detached garage provides ample parking and storage, while the loft above offers even more space for your storage needs. Located near Hartman Reserve and River Hills Elementary, you'll also enjoy convenient access to nearby walking and biking trails, making it easy to take advantage of everything this beautiful area has to offer. Full of character, modern comforts, and nearly two-thirds of an acre to enjoy, 3018 Rainbow Drive is a special opportunity to own a piece of Cedar Falls history in a fantastic location. Special Financing Incentives available on this property from SIRVA Mortgage
    1 day
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly L Walton 641-512-2303,

    Ohl Iowa Realty, Inc

    Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20264201MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 1
      • 3/4 bathrooms: 1
      Rooms
      • Room types: Sunroom
      Other
      • Level: Upper
      Other
      • Level: Main
      Other
      • Level: Lower
      Heating
      • Radiant
      Cooling
      • Central Air
      Appliances
      • Included: Built-In Oven, Dishwasher, Disposal, Refrigerator
      • Laundry: Lower Level
      Features
      • Basement: Unfinished
      • Has fireplace: Yes
      • Fireplace features: One
      Interior area
      • Total interior livable area: 1,792 sqft
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached Garage
      • Carport spaces: 2
      Features
      • Patio & porch: Patio
      • Exterior features: Balcony, Garden
      Lot
      • Size: 0.64 Acres
      • Dimensions: 105x121x238x238
      Details
      • Parcel number: 891317328012
      • Zoning: R-1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Roof: Shingle
      Condition
      • Year built: 1922

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      Location
      • Region: Cedar Falls

      Financial & listing details

      • Price per square foot: $193/sqft
      • Tax assessed value: $291,050
      • Annual tax amount: $4,368
      • Date on market: 9/2/2026
      • Cumulative days on market: 2 days
      • Road surface type: Concrete

        Estimated market value

        $325,800

        $310,000 - $342,000

        $1,631/mo

        Price history

        DateEventPrice
        9/2/2026Listed for sale$345,000+97.1%$193/sqft
        Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20264201 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        2/22/2018Sold$175,000-22.2%$98/sqft
        Source: Public Record Report a problem
        10/22/2015Listing removed$225,000$126/sqft
        Source: Owner Report a problem
        7/24/2015Listed for sale$225,000+12.5%$126/sqft
        Source: Owner Report a problem
        4/4/2007Sold$200,000$112/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,347 +2.9%$291,050 +7.7%
        2024$4,223 -1.8%$270,140
        2023$4,300 -1.2%$270,140 +16%
        2022$4,352 +3%$232,920
        2021$4,224 +3.1%$232,920 +2.7%
        2020$4,096 +2.2%$226,870 +1.1%
        2019$4,007 +0.2%$224,400 +3.7%
        2018$3,998 +0%$216,360
        2017$3,998 +4.6%$216,360
        2016$3,824 $216,360
        2015$3,824 +1.3%$216,360
        2014$3,774 +7.7%$216,360 +3.9%
        2012$3,506 -4.2%$208,310
        2011$3,659 +1.5%$208,310 -4.6%
        2010$3,606 +4.1%$218,350
        2009$3,464 +2%$218,350
        2008$3,397 +12.2%$218,350 +7%
        2007$3,027 -1.7%$204,060 +8.5%
        2006$3,079 +9.3%$188,050
        2005$2,817 +2.3%$188,050 +29.5%
        2003$2,754 +0.8%$145,220
        2002$2,731 +7.9%$145,220 +18%
        2001$2,531 $123,070
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 50613

        Getting around

        12 / 100
        Car-Dependent
        23 / 100
        Minimal Transit
        35 / 100
        Somewhat Bikeable

        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.

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