Welcome to this charming 2-bedroom, 1-story home that is awaiting your personal touch. Located in a highly convenient area, this property offers great potential for the savvy homeowner or investor. The main floor features a cozy living/dining combo, a step-saving galley kitchen with breakfast bar. Additionally, there is a comfortable bedroom with electric fireplace and a convenient half bath on this level. Descend to the basement, where you'll find an additional bedroom, 3/4 bath and a laundry area. Recent updates include new flooring, remodeled front porch and a new roof on main part of house. Car enthusiasts and hobbyists will appreciate the exceptional garage space. With two detached garages offering a total of three stalls, there is ample room for parking, storage and workspace. Situated on a double lot, this property provides a generous outdoor area for various activities. The location of this home is a true highlight. Conveniently positioned near major highways, commuting to different parts of the city becomes a breeze. Furthermore, the proximity to the UNI campus, just a short 10-minute drive away, offers a fantastic opportunity for students or faculty.
Sold for $140,000
Street View
$140,000
3021 Rainbow Dr, Cedar Falls, IA 50613
2beds
749sqft
Single Family Residence
Built in 1930
0.39 Acres Lot
$159,500 Zestimate®
$187/sqft
$1,272 Estimated rent
Home value
$159,500
$152,000 - $167,000
$1,272/mo
Zestimate® history
Owner options
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$1,272/mo
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$1,272/mo
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$961/mo
Est. payment
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$961/mo
Est. payment
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List your homeWhat's special
Electric fireplaceAmple roomNew flooringNew roof
Zillow last checked:
Listing updated:
Listed by:
Troy W Northrop 563-920-5569,
RE/MAX Independence Realty
Bought with:
Troy W Northrop, S65557000
RE/MAX Independence Realty
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20232505
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
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
- Central Air
Appliances
- Included: Dryer, Microwave Built In, Free-Standing Range, Refrigerator, Washer
- Laundry: Lower Level
Features
- Vaulted Ceiling(s)
- Basement: Interior Entry,Partially Finished
- Has fireplace: Yes
- Fireplace features: One, Electric, Bedroom, None
Interior area
- Total interior livable area: 749 sqft
- Finished area below ground: 125
Property
Parking
- Total spaces: 3
- Parking features: 3 or More Stalls, Detached Garage, Garage Door Opener, Workshop in Garage
- Carport spaces: 3
Features
- Patio & porch: Deck, Enclosed
Lot
- Size: 0.39 Acres
- Dimensions: 100' x 170'
Details
- Has additional parcels: Yes
- Parcel number: 891317377005
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Shingle,Asphalt
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cedar Falls
Other
Other facts
- Road surface type: Gravel, Hard Surface Road
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2023 | Sold | $140,000-6.7%$187/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20232505 Report a problem | ||
| 6/25/2023 | Pending sale | $150,000$200/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20232505 Report a problem | ||
| 6/22/2023 | Listed for sale | $150,000+27.1%$200/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20232505 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/8/2020 | Listing removed | $450$1/sqft |
Source: Owner Report a problem | ||
| 8/5/2020 | Price change | $450-52.6%$1/sqft |
Source: Owner Report a problem | ||
| 8/3/2020 | Listed for rent | $950$1/sqft |
Source: Owner Report a problem | ||
| 7/26/2019 | Sold | $118,000-3.7%$158/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20192984 Report a problem | ||
| 6/17/2019 | Pending sale | $122,500$164/sqft |
Source: Amy Wienands Real Estate #20192984 Report a problem | ||
| 6/10/2019 | Listed for sale | $122,500$164/sqft |
Source: Amy Wienands Real Estate #20192984 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,602 +1.1% | $122,870 +11.9% |
| 2024 | $1,586 +15.8% | $109,810 +8.3% |
| 2023 | $1,369 -1.1% | $101,420 +22.1% |
| 2022 | $1,384 +5.4% | $83,040 |
| 2021 | $1,313 -9.1% | $83,040 +4.9% |
| 2020 | $1,444 +10.4% | $79,140 |
| 2019 | $1,308 +0.5% | $79,140 |
| 2018 | $1,301 0% | $79,140 |
| 2017 | $1,302 +4.2% | $79,140 |
| 2016 | $1,250 | $79,140 -0.5% |
| 2015 | $1,250 +10.4% | $79,510 +7.7% |
| 2014 | $1,132 -10.1% | $73,820 -1.7% |
| 2012 | $1,259 +14.3% | $75,100 +0.4% |
| 2011 | $1,102 +1.5% | $74,790 +13.8% |
| 2010 | $1,086 +4.1% | $65,740 |
| 2009 | $1,043 +2% | $65,740 |
| 2008 | $1,023 +3.4% | $65,740 +7% |
| 2007 | $989 -1.7% | $61,440 |
| 2006 | $1,006 +15.6% | $61,440 |
| 2005 | $870 +2.3% | $61,440 +37% |
| 2003 | $851 +0.8% | $44,860 |
| 2002 | $844 +7.9% | $44,860 +18% |
| 2001 | $782 | $38,010 |
Find assessor info on the county website
Neighborhood: 50613
Nearby schools
GreatSchools rating
- 4/10Cedar Heights Elementary SchoolGrades: PK-6Distance: 0.5 mi
- 8/10Peet Junior High SchoolGrades: 7-9Distance: 1.6 mi
- 6/10Cedar Falls High SchoolGrades: 10-12Distance: 3.5 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
- 3021 Rainbow Dr
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