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Sold for $364,265
  • $364,265

    3018 Rainbow Dr, Cedar Falls, IA 50613

    3beds
    1,792sqft
    Single Family Residence
    Built in 1922
    0.64 Acres Lot
    $347,200 Zestimate®
    $203/sqft
    $1,938 Estimated rent

    Home value

    $347,200

    $330,000 - $365,000

    $1,938/mo

    Zestimate® history
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    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly L Walton 641-512-2303,

    Ohl Iowa Realty, Inc

    Bought with:

    Jennifer Lakin, S66105

    Structure Real Estate

    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: $203/sqft
    • Tax assessed value: $291,050
    • Annual tax amount: $4,368
    • Date on market: 9/2/2026
    • Cumulative days on market: 10 days
    • Road surface type: Concrete

    Price history

    DateEventPrice
    10/6/2026Sold$364,265+5.6%$203/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20264201 Report a problem
    9/11/2026Pending sale$345,000$193/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20264201 Report a problem
    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

    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.

    Sell for more on Zillow
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    $347,200
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    With Zillow Showcase(estimated)

    $354,144

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $347,200
    2% more
    +$6,944
    With Zillow Showcase(estimated)

    $354,144