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Sold for $225,000
  • $225,000

    707 Lorraine Ave, Waterloo, IA 50702

    4beds
    3,532sqft
    Single Family Residence
    Built in 1954
    10,018.8 Square Feet Lot
    $227,500 Zestimate®
    $64/sqft
    $1,681 Estimated rent

    Home value

    $227,500

    $205,000 - $255,000

    $1,681/mo

    Zestimate® history
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    $1,575/mo

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    What's special

    Walk-out lower levelModern finishesPlay zoneAdditional recreation spaceUpdated kitchenLarge deckMedia room
    Welcome to this beautifully updated 1954 built one-level ranch nestled in the heart of the sought-after Waterloo neighborhood With approximately 2,566 sq ft of finished living space, this home boasts 4 bedrooms, 2 bathrooms, and sits on a stunning mature lot. Step inside to a spacious main-level which features a large fliving room, separate dining space, and 3 spacious bedrooms. The updated kitchen features modern finishes and ample workspace, seamlessly blending function and style. A second living room to the rear of the home is great for hosting, with a sliding glass doors that open onto a large deck — perfect for entertaining, grilling and relaxing outdoors. Downstairs, the walk-out lower level offers a versatile and ability to upgrade as you would like. Potential for an additional recreation space, ideal as a media room, play zone or home-office. The fourth bedroom and additional bathroom are available in the lower level as well. Located just minutes from local shopping, dining, and community amenities, and within the Waterloo school district attending Kittrell Elementary, Hoover Middle and West High Schools. Whether you’re seeking a comfortable family home, an entertainer’s retreat, or a smart investment property — this turnkey ranch offers a superb value in today’s market. Don’t miss the opportunity to make 707 Lorraine Ave your new address.

    Zillow last checked:

    Listing updated:

    Listed by:

    Justin Reuter 319-939-5112,

    Oakridge Real Estate

    Bought with:

    Derick Rogers, S69626000

    Realty ONE Group Movement

    Source: Northeast Iowa Regional BOR as distributed by MLS GRID,MLS#: 20255464MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    Other
    • Level: Upper
    Other
    • Level: Main
    Other
    • Level: Lower
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Free-Standing Range, Refrigerator
    • Laundry: Lower Level
    Features
    • Basement: Concrete
    • Has fireplace: Yes
    • Fireplace features: Multiple, Masonry
    Interior area
    • Total interior livable area: 3,532 sqft
    • Finished area below ground: 800

    Property

    Parking
    • Total spaces: 2
    • Parking features: 2 Stall, Detached Garage
    • Carport spaces: 2
    Features
    • Patio & porch: Deck, Patio
    • Fencing: Fenced
    Lot
    • Size: 10,018 sqft
    • Dimensions: 70x140
    Details
    • Parcel number: 891335329011
    • Zoning: R-2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Roof: Shingle,Asphalt
    Condition
    • Year built: 1954

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Waterloo

    Other

    Other facts
    • Road surface type: Concrete

    Price history

    DateEventPrice
    1/30/2026Sold$225,000-8.2%$64/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255464 Report a problem
    1/8/2026Pending sale$245,000$69/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255464 Report a problem
    12/1/2025Price change$245,000-2%$69/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255464 Report a problem
    11/6/2025Listed for sale$250,000+26.3%$71/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20255464 Report a problem
    5/24/2022Sold$198,000$56/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20221327 Report a problem
    4/14/2022Pending sale$198,000$56/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20221327 Report a problem
    4/6/2022Listed for sale$198,000$56/sqft
    Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20221327 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,813 +8.5%$244,620 +10.2%
    2024$4,435 +11.1%$221,880
    2023$3,993 +10.2%$221,880 +22%
    2022$3,623 +2%$181,830
    2021$3,552 +1.8%$181,830 +7.8%
    2020$3,488 -1.1%$168,710
    2019$3,528 +1%$168,710
    2018$3,493 +0%$168,710
    2017$3,492 -1.7%$168,710
    2016$3,554 $168,710
    2015$3,554 +6.2%$168,710 +4.9%
    2014$3,346 -4%$160,840 -4.7%
    2012$3,484 +5.7%$168,710
    2011$3,296 +3.4%$168,710 +3.6%
    2010$3,189 +2.9%$162,920
    2009$3,100 +2.3%$162,920
    2008$3,031 +1.8%$162,920 +7%
    2007$2,978 -0.5%$152,260
    2006$2,994 +6%$152,260
    2005$2,824 +5.9%$152,260 +24.4%
    2003$2,665 +3.6%$122,430
    2002$2,572 +11%$122,430 +20.2%
    2001$2,317 $101,860

    Find assessor info on the county website

    Neighborhood: Liberty Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Kittrell Elementary
    • Middle: Hoover Intermediate
    • High: West 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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