1421 Rainbow Dr Cedar Falls, IA 50613
Estimated payment $1,198/month
Highlights
- Fireplace
- 1 Car Attached Garage
- Laundry Room
- Peet Junior High School Rated A-
- Patio
- Forced Air Heating and Cooling System
About This Home
This inviting Cedar Falls ranch is ready for you! The main floor features a bright living room with a beautiful brick fireplace, creating a welcoming place to unwind at the end of the day. Updated vinyl flooring flows through the living areas and bedrooms, keeping the space cohesive and easy to maintain. The kitchen offers ample oak cabinetry and connects directly to a true dining room, making it easy to move from meal prep to family dinners, puzzles, or game nights. Two nicely sized bedrooms provide good closet space and natural light, with an updated bathroom conveniently located nearby. The lower level features a large family room, perfect for a second gathering area, home office, or hobby space, along with a laundry room that offers excellent storage. Outside, the home features a tuck under one stall garage, patio, and a spacious backyard ready for relaxing or entertaining. Major updates have already been completed, including vinyl windows, A/C and furnace in 2014, 100 amp electrical upgrade in 2019, new shingles in 2022, and updated vinyl flooring throughout. Located just minutes from shopping, restaurants, and Hartman Reserve, this home offers a perfect balance of function, updates, and location. Call to schedule your private showing today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,648
Year Built
- Built in 1955
Lot Details
- 9,702 Sq Ft Lot
- Lot Dimensions are 66 x 147
Home Design
- Block Foundation
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,430 Sq Ft Home
- Fireplace
Kitchen
- Free-Standing Range
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry on lower level
- Dryer
- Washer
Partially Finished Basement
- Walk-Out Basement
- Sump Pump
Parking
- 1 Car Attached Garage
- Tuck Under Garage
- Garage Door Opener
Outdoor Features
- Patio
Schools
- Cedar Heights Elementary School
- Peet Junior High
- Cedar Falls High School
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 891318178005
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,484 | $181,290 | $25,000 | $156,290 |
| 2024 | $2,484 | $164,600 | $25,000 | $139,600 |
| 2023 | $2,434 | $164,600 | $25,000 | $139,600 |
| 2022 | $2,462 | $140,690 | $25,000 | $115,690 |
| 2021 | $2,304 | $140,690 | $25,000 | $115,690 |
| 2020 | $2,296 | $125,820 | $21,670 | $104,150 |
| 2019 | $2,296 | $125,820 | $21,670 | $104,150 |
| 2018 | $2,326 | $125,820 | $21,670 | $104,150 |
| 2017 | $2,376 | $125,820 | $21,670 | $104,150 |
| 2016 | $2,224 | $125,820 | $21,670 | $104,150 |
| 2015 | $2,224 | $125,820 | $21,670 | $104,150 |
| 2014 | $2,164 | $121,090 | $21,670 | $99,420 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | Pending | -- | -- | -- | |
| 03/04/2026 03/04/26 | For Sale | $189,900 | +25.8% | $133 / Sq Ft | |
| 07/22/2019 07/22/19 | Sold | $151,000 | -2.6% | $106 / Sq Ft | View Prior Sale |
| 06/11/2019 06/11/19 | Pending | -- | -- | -- | |
| 05/22/2019 05/22/19 | For Sale | $155,000 | -- | $108 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $115,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $145,470 | New Conventional | |
| Previous Owner | $92,000 | New Conventional |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20260864
APN: 8913-18-178-005
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Ask me questions while you tour the home.