Presenting a versatile real estate opportunity, this charming single-family home offers immense potential for both savvy investors seeking a reliable income stream and first-time homebuyers looking for an accessible entry point into homeownership. Currently operating as a sound rental property with a consistent history, it can be seamlessly maintained as an investment to immediately generate passive income. Alternatively, its comfortable layout, manageable size, and appealing location make it an ideal starter home, providing a fantastic foundation for those ready to leave renting behind and build equity. This property delivers exceptional flexibility, serving dual roles as a stable asset or a comfortable personal residence ready for your vision. Seller is a licensed Realtor in the State of Iowa. There are additional properties for sale, reach out or have your agent reach out for the current list.
Sold for $75,889
$75,889
401 Dearborn Ave, Waterloo, IA 50703
2beds
660sqft
Single Family Residence
Built in 1949
5,227.2 Square Feet Lot
$-- Zestimate®
$115/sqft
$851 Estimated rent
Home value
Not available
Estimated sales range
Not available
$851/mo
Zestimate® history
Owner options
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$851/mo
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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:
Lynette D Sorensen, S614510
RE/MAX Concepts - Cedar Falls
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20255996
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Basement: Block
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 660 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: 1 Stall, Detached Garage
- Carport spaces: 1
Lot
- Size: 5,227 sqft
- Dimensions: 125 x 40
Details
- Parcel number: 891230327006
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Waterloo
- Subdivision: BLOWERS ADDITION
HOA & financial
Other financial information
- Total actual rent: 825
Other
Other facts
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 1/29/2026 | Sold | $75,889-5.1%$115/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20255996 Report a problem | ||
| 12/18/2025 | Pending sale | $80,000+77.8%$121/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255996 Report a problem | ||
| 6/7/2019 | Sold | $45,000-6.3%$68/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20191901 Report a problem | ||
| 4/20/2019 | Pending sale | $48,000$73/sqft |
Source: RE/MAX Home Group #20191901 Report a problem | ||
| 4/20/2019 | Listed for sale | $48,000$73/sqft |
Source: RE/MAX Home Group #20191901 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,064 +8.5% | $57,450 +17.1% |
| 2024 | $981 +5.7% | $49,070 |
| 2023 | $928 +2.7% | $49,070 +16.2% |
| 2022 | $903 -2.4% | $42,240 |
| 2021 | $925 +29.6% | $42,240 +3.4% |
| 2020 | $714 -1.7% | $40,860 |
| 2019 | $727 +1.4% | $40,860 |
| 2018 | $717 +0.1% | $40,860 |
| 2017 | $716 -1.9% | $40,860 |
| 2016 | $730 | $40,860 |
| 2015 | $730 +12% | $40,860 +7.9% |
| 2014 | $652 -29.6% | $37,870 -13.7% |
| 2012 | $926 +3.3% | $43,860 |
| 2011 | $896 +3.3% | $43,860 +1.4% |
| 2010 | $868 +2.8% | $43,250 |
| 2009 | $844 +2.2% | $43,250 |
| 2008 | $826 +1.7% | $43,250 +7% |
| 2007 | $812 -0.5% | $40,420 |
| 2006 | $816 +11.6% | $40,420 |
| 2005 | $732 +5.8% | $40,420 +31.1% |
| 2003 | $691 +1.7% | $30,830 |
| 2002 | $680 +10.7% | $30,830 +18% |
| 2001 | $614 | $26,130 |
Find assessor info on the county website
Neighborhood: 50703
Nearby schools
GreatSchools rating
- 4/10Highland Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10George Washington Carver AcademyGrades: 6-8Distance: 2.7 mi
- 2/10East High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Highland Elementary
- Middle: George Washington Carver Academy
- High: East 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
- Waterloo
- 50703
- 401 Dearborn Ave
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