NOT LISTED FOR SALE

1603 Rainbow Dr Cedar Falls, IA 50613

Estimated Value: $192,000 - $218,000

3 Beds
1 Bath
1,031 Sq Ft
$193/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $189,000 $183 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,255/month

Highlights

  • No HOA
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Peet Junior High School Rated A-
  • Eat-In Kitchen
  • Wood Fence

About This Home

As of October 2022

This home is located at 1603 Rainbow Dr, Cedar Falls, IA 50613 since 17 September 2022 and is currently estimated at $199,129, approximately $193 per square foot. This property was built in 1900. 1603 Rainbow Dr is a home located in Black Hawk County with nearby schools including Cedar Heights Elementary School, Peet Junior High School, and Cedar Falls High School.

Last Agent to Sell the Property

Rich Montanaro

The American Real Estate Co. Listed on: 09/17/2022

Last Buyer's Agent

Rich Montanaro

The American Real Estate Co. Listed on: 09/17/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,476

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot
  • Wood Fence

Parking

  • 2 Car Detached Garage

Home Design

  • Block Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,031 Sq Ft Home
  • 1.5-Story Property

Kitchen

  • Eat-In Kitchen
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Covered Patio or Porch
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 891318179001

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,476

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Residential
  • Style: 1.5 Story
  • Lp Amt Sq Ft: 183.32
  • Natl Assocof Home Builders: No
  • Sp Amt Sq Ft: 183.32
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • First Floor Full Bathrooms: 1
  • Basement Description: Partial Finished
  • Dining Room: Eat In Kitchen
  • Included Items: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 1031
  • Total Sq Ft: 1031

Exterior Features

  • Exterior: Wood
  • Exterior Features: Covered Patio
  • Fence Type: Wood
  • Foundation: Concrete Block
  • Roof: Asphalt Shingle
  • Street Feature: Asphalt

Garage/Parking

  • Garage: 2 Detached

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.2900
  • Assessor Parcel Number: 891318179001
  • Zoning: Res

Green Features

  • Additional Green Features: No
  • ENERGYSTAR qualified New Home: No
  • HERS Rating: No
  • Leed For Homes: No
  • Solar: No

Multi Family

  • Geo Solar Thermal: No

MLS Schools

  • School District: Cedar Falls

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2022
Closed on
Oct 17, 2022
Sold by
Johnson Phillip D
Bought by
Mutchler David
Seller's Agent
Rich Montanaro
The American Real Estate Co.
Buyer's Agent
Rich Montanaro
The American Real Estate Co.
List Price
$189,000
Sold Price
$189,000
Current Estimated Value
$199,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,129
Avg. Annual Appreciation
1.69%
Original Mortgage
$193,347
Outstanding Balance
$185,628
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$13,501

Purchase Details

Listed on
May 10, 2016
Closed on
Sep 30, 2016
Sold by
Smock Monte R
Bought by
Johnson Phillip D
Seller's Agent
Scott Norris
Fischels Residential Group
List Price
$139,500
Sold Price
$120,000
Premium/Discount to List
-$19,500
-13.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mutchler David $189,000 --
Johnson Phillip D $120,000 Title Services Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mutchler David $193,347
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2022 10/21/22 Sold $189,000 0.0% $183 / Sq Ft
09/17/2022 09/17/22 Pending -- -- --
09/17/2022 09/17/22 For Sale $189,000 +57.5% $183 / Sq Ft
10/03/2016 10/03/16 Sold $120,000 -14.0% $78 / Sq Ft View Prior Sale
08/23/2016 08/23/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $139,500 -- $91 / Sq Ft
Source: Des Moines Area Association 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 $2,476 $169,930 $28,490 $141,440
2024 $2,476 $153,850 $28,490 $125,360
2023 -- $153,850 $28,490 $125,360
2022 $0 $125,790 $28,490 $97,300
2021 $0 $125,790 $28,490 $97,300
2020 $1,990 $117,850 $24,690 $93,160
2019 $1,990 $117,850 $24,690 $93,160
2018 $2,016 $117,850 $24,690 $93,160
2017 $2,016 $117,850 $24,690 $93,160
2016 $1,928 $117,850 $24,690 $93,160
2015 $1,928 $117,850 $24,690 $93,160
2014 $1,876 $113,620 $24,690 $88,930
Source: Public Records

Agents Affiliated with this Home

  • Rich Montanaro

    Seller's Agent in 2022

    Rich Montanaro

    The American Real Estate Co.

    (515) 451-4549

    2 in this area

    204 Total Sales

    Rich Montanaro
    Section Image
  • Scott Norris

    Seller's Agent in 2016

    Scott Norris

    Fischels Residential Group

    (319) 231-4207

    8 in this area

    74 Total Sales

    Scott Norris
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 660354

Des Moines Area Association of REALTORS®

APN: 8913-18-179-001

Iowa Black Hawk County Cedar Falls 50613

1603 Rainbow Dr, Cedar Falls, IA

Not Listed for Sale

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