$237,000
SOLD JAN 15, 2026

1609 Rainbow Dr Cedar Falls, IA 50613

4 Beds
2 Baths
1,764 Sq Ft
0.26 Acres

Recently Sold

$134 Per Sq Ft

1% Below List Price

3 Days on Market

Highlights

  • Screened Porch
  • 1 Car Attached Garage
  • Central Air
  • Peet Junior High School Rated A-
  • Screened Patio

About This Home

As of January 2026

This wonderful Cedar Falls ranch home boasts plenty of living space- inside and out! The large living area, which opens up to the dining room and spacious kitchen, draws you in as soon as you step in the front door. An updated kitchen features beautiful cabinetry, plentiful counter space for baking and hosting, stainless appliances, and a tile backsplash. Also on the 1164 sq ft main level, you'll find three generous bedrooms, a full bath, and fantastic storage. Sliding doors off of the dining room lead to a screened-in porch that overlooks the spacious backyard. The lower level of the home offers a sizable second living area, fourth bedroom, a second bathroom, and a large storage room. There's so much to love here! Hurry and schedule your showing today!

Last Agent to Sell the Property

Luke Bartlett

Oakridge Real Estate License #S6323300 Listed on: 12/01/2025

Oakridge Real Estate

Co-Listed By

Rebecca Bartlett

Oakridge Real Estate License #S6361300

Last Buyer's Agent

Andrea Wester

Berkshire Hathaway Home Services One Realty Centre License #S57023000

Berkshire Hathaway Home Services One Realty Centre

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,322

Year Built

  • Built in 1959

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 65x177
  • Property is zoned R-2

Parking

  • 1 Car Attached Garage

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,764 Sq Ft Home
  • Screened Porch
  • Dishwasher
  • Laundry on lower level
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Cedar Heights Elementary School
  • Peet Junior High
  • Cedar Falls High School

Additional Features

  • Screened Patio
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 891318179002

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,322

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Parcel Number: 891318179002
  • Year Built: 1959
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • ResoLaundryFeatures: Lower Level
  • Lot Size Acres: 0.26
  • Road Frontage Type: Hard Surface Road
  • Road Surface Type: Concrete
  • Co List Office Mls Id: NBR49
  • Co List Office Phone: 319-277-5005
  • Co List Office Phone: 319-277-5005
  • MLS Status: Closed
  • Reso Fireplace Features: None
  • Reso Roof: Asphalt
  • TotalFinishedSquareFootage: 1764
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher
  • Basement: Partially Finished
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 600
  • Flooring: Hardwood
  • BelowGradeArea: 1164

Exterior Features

  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Screened

Garage/Parking

  • Parking Features: 1 Stall, Attached Garage

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: N/A

Schools

  • Elementary School: Cedar Heights Elementary
  • High School: Cedar Falls High
  • Middle Or Junior School: Peet Junior High

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 65x177
  • Lot Size Sq Ft: 11505
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 3322

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2025
Closed on
Jan 13, 2026
Sold by
Matthias Curren James and Hollie Jo
Bought by
Kattelman Brooke
Seller's Agent
Luke Bartlett
Oakridge Real Estate
Buyer's Agent
Andrea Wester
Berkshire Hathaway Home Services One Realty Centre
List Price
$240,000
Sold Price
$237,000
Premium/Discount to List
-$3,000
-1.25%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.40%
Original Mortgage
$189,600
Outstanding Balance
$189,600
Interest Rate
6.19%
Mortgage Type
New Conventional
Estimated Equity
$47,598

Purchase Details

Listed on
Mar 2, 2022
Closed on
Mar 29, 2022
Sold by
Kasten Joel P and Kasten Madeline
Bought by
Matthias Curren James
Seller's Agent
Amy Wienands
AWRE, EXP Realty, LLC
List Price
$200,000
Sold Price
$218,000
Premium/Discount to List
$18,000
9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.19%
Original Mortgage
$203,000
Interest Rate
3.5%
Mortgage Type
Balloon

Purchase Details

Listed on
May 10, 2017
Closed on
Jun 19, 2017
Sold by
Gilbertson Barbara A
Bought by
Kasten Joel P and Allen Kasten Madeline
Seller's Agent
Stephanie Ricketts
Structure Real Estate
List Price
$164,900
Sold Price
$165,000
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $218,000 None Listed On Document
Warranty Deed $165,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $189,600 New Conventional
Previous Owner $203,000 Balloon
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2026 01/15/26 Sold $237,000 -1.3% $134 / Sq Ft
12/04/2025 12/04/25 Pending -- -- --
12/01/2025 12/01/25 For Sale $240,000 +10.1% $136 / Sq Ft
03/08/2022 03/08/22 Sold $218,000 +1.4% $124 / Sq Ft View Prior Sale
03/07/2022 03/07/22 Pending -- -- --
03/07/2022 03/07/22 Price Changed $214,900 +7.5% $122 / Sq Ft
03/06/2022 03/06/22 Price Changed $199,900 -0.1% $113 / Sq Ft
03/02/2022 03/02/22 For Sale $200,000 +21.2% $113 / Sq Ft
06/20/2017 06/20/17 Sold $165,000 +0.1% $94 / Sq Ft View Prior Sale
05/11/2017 05/11/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $164,900 -- $93 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

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 $3,158 $228,090 $26,080 $202,010
2024 $3,158 $206,450 $26,080 $180,370
2023 $2,970 $206,450 $26,080 $180,370
2022 $2,986 $169,790 $26,080 $143,710
2021 $2,802 $168,820 $26,080 $142,740
2020 $2,744 $159,130 $22,600 $136,530
2019 $2,744 $159,130 $22,600 $136,530
2018 $2,780 $159,130 $22,600 $136,530
2017 $2,844 $159,130 $22,600 $136,530
2016 $2,658 $159,130 $22,600 $136,530
2015 $2,658 $159,130 $22,600 $136,530
2014 $2,578 $152,930 $22,600 $130,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20255786

Northeast Iowa Regional Board of REALTORS®

APN: 8913-18-179-002