Welcome to this affordable and well-located 2-bedroom, 1-bathroom home, offering comfort, convenience, and excellent potential for both owner-occupants and investors alike. Situated in a central location close to schools, parks, shopping, and major routes, this property delivers everyday ease at a price that’s hard to find. Whether you’re looking for a budget-friendly home or a reliable investment opportunity, this property checks all the boxes.
Sold for $51,250
$51,250
627 Downing Ave, Waterloo, IA 50701
2beds
0baths
651sqft
Single Family Residence
Built in 1929
0.49 Acres Lot
$51,400 Zestimate®
$79/sqft
$886 Estimated rent
Home value
$51,400
$46,000 - $57,000
$886/mo
Zestimate® history
Owner options
List your home for rent
$886/mo
Rent Zestimate®
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$886/mo
Rent Zestimate®
Refinance and save
$276/mo
Est. payment
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$276/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Michael Taylor 319-239-3659,
Lockard Realty Company
Bought with:
Stephen Jordan, B63146000
Oakridge Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20255914
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 0
- Full bathrooms: 1
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Natural Gas
Cooling
- Ceiling Fan(s)
Features
- Basement: Block
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 651 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: 1 Stall
- Carport spaces: 1
Lot
- Size: 0.49 Acres
- Dimensions: 72.00 x 297.00
Details
- Parcel number: 891327151009
- Zoning: A-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Asphalt
Condition
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Waterloo
Other
Other facts
- Road surface type: Other
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Sold | $51,250-14.4%$79/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20255914 Report a problem | ||
| 2/23/2026 | Pending sale | $59,900$92/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255914 Report a problem | ||
| 12/30/2025 | Price change | $59,900-7.7%$92/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255914 Report a problem | ||
| 12/12/2025 | Listed for sale | $64,900+549%$100/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255914 Report a problem | ||
| 4/4/1988 | Sold | $10,000$15/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,387 +8.5% | $72,510 +13.4% |
| 2024 | $1,278 +5.6% | $63,950 |
| 2023 | $1,211 +2.7% | $63,950 +16% |
| 2022 | $1,179 +17.4% | $55,120 |
| 2021 | $1,004 +1.6% | $55,120 +24.4% |
| 2020 | $988 -0.9% | $44,320 |
| 2019 | $996 +0.8% | $44,320 |
| 2018 | $988 +0% | $44,320 |
| 2017 | $988 -1.8% | $44,320 |
| 2016 | $1,006 | $44,320 |
| 2015 | $1,006 +0.8% | $44,320 |
| 2014 | $998 +3.2% | $44,320 -3.3% |
| 2012 | $967 +5.1% | $45,820 |
| 2011 | $920 +3.3% | $45,820 +3.2% |
| 2010 | $891 +2.8% | $44,400 |
| 2009 | $866 +2.2% | $44,400 |
| 2008 | $848 +1.7% | $44,400 +7% |
| 2007 | $834 -0.5% | $41,490 |
| 2006 | $838 -3.8% | $41,490 |
| 2005 | $871 +5.8% | $41,490 +13.1% |
| 2003 | $823 +1.7% | $36,700 |
| 2002 | $810 +10.7% | $36,700 +18% |
| 2001 | $731 | $31,100 |
Find assessor info on the county website
Neighborhood: 50701
Nearby schools
GreatSchools rating
- 5/10Fred Becker Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 1/10Central Middle SchoolGrades: 6-8Distance: 1.3 mi
- 2/10East High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Fred Becker Elementary
- Middle: Central Intermediate
- 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
- 50701
- 627 Downing Ave
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