$127,500
SOLD NOV 26, 2025

1507 Downing Ave Waterloo, IA 50701

2 Beds
1 Bath
768 Sq Ft
0.37 Acres

Recently Sold

$166 Per Sq Ft

6% Below List Price

15 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • Patio

About This Home

As of November 2025

Same owner for 60 years and they made so many wonderful memories. Now it is time for the next owners to enjoy and do the same in this sunny, economical 2-bedroom home, well located in Waterloo & close to schools and the Cedar Falls line. Beautiful wood plank floor in the Living Room and hall. Vinyl bay window and vinyl replacement windows & siding, metal insulated exterior doors on the main floor. The bedrooms are carpeted but we believe underneath are hardwood floors. Appliances included a nice fridge and gas stove. Lower level has been insulated & drywalled and is ready to create your extra living/ entertainment/or work space. Updated mechanicals, include Gas Energy Efficient furnace and water heater. Utilities including gas & electric average only $78 per month. Deep 300 ft lot (almost 4/10 acre M/L) mostly fenced & plenty of room for a large garden. Property includes an oversized 16x22 main garage, and a 14x20 extra storage garage.

Last Agent to Sell the Property

Rick Bauer

RE/MAX Concepts - Waterloo License #B18473000 Listed on: 10/30/2025

RE/MAX Concepts - Waterloo

Last Buyer's Agent

Rick Bauer

RE/MAX Concepts - Waterloo License #B18473000 Listed on: 10/30/2025

RE/MAX Concepts - Waterloo

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,177

Year Built

  • Built in 1961

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 53'x300'
  • Property is zoned R-2

Parking

  • 2 Car Detached Garage

Home Design

  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 768 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Sump Pump
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Fred Becker Elementary School
  • Central Middle School
  • West High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 891328251010

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,177

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Parcel Number: 891328251010
  • Year Built: 1961
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • ResoLaundryFeatures: Dryer Hookup-Gas, Lower Level, Washer Hookup
  • Lot Size Acres: 0.37
  • Road Frontage Type: Hard Surface Road
  • Road Surface Type: Concrete
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Phone: 319-232-7100
  • MLS Status: Closed
  • Reso Fireplace Features: None
  • Reso Roof: Shingle, Asphalt
  • TotalFinishedSquareFootage: 768
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Appliances Negotiable, Dryer, Sump Pump, Washer, Gas Water Heater
  • Basement: Block, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • BelowGradeArea: 768

Exterior Features

  • Construction Type: Vinyl Siding
  • Other Structures: Storage
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: 1 Stall, 2 Stall, Detached Garage

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: N/A

Schools

  • Elementary School: Fred Becker Elementary
  • High School: West High
  • Middle Or Junior School: Central

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 53'x300'
  • Lot Size Sq Ft: 15900
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 2177.29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2025
Closed on
Nov 26, 2025
Sold by
Frost Lillian M
Bought by
Beyer Real Estate Llc
Seller's Agent
Rick Bauer
RE/MAX Concepts - Waterloo
Buyer's Agent
Rick Bauer
RE/MAX Concepts - Waterloo
List Price
$135,000
Sold Price
$127,500
Premium/Discount to List
-$7,500
-5.56%
Views
904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.65%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $127,500 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2025 11/26/25 Sold $127,500 -5.6% $166 / Sq Ft
11/14/2025 11/14/25 Pending -- -- --
10/30/2025 10/30/25 For Sale $135,000 -- $176 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,478 $127,220 $20,670 $106,550
2024 $1,478 $114,070 $20,670 $93,400
2023 $1,230 $114,070 $20,670 $93,400
2022 $1,176 $94,720 $20,670 $74,050
2021 $1,222 $94,720 $20,670 $74,050
2020 $1,190 $91,540 $17,490 $74,050
2019 $1,190 $91,540 $17,490 $74,050
2018 $1,190 $91,540 $17,490 $74,050
2017 $1,168 $91,540 $17,490 $74,050
2016 $1,142 $87,840 $17,490 $70,350
2015 $1,142 $87,840 $17,490 $70,350
2014 $1,182 $87,840 $17,490 $70,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20255361

Northeast Iowa Regional Board of REALTORS®

APN: 8913-28-251-010