Seller's Agent in 2026
Justin Reuter
Oakridge Real Estate
(319) 939-5112
247 Total Sales
1712 Rainbow Dr Waterloo, IA 50701
3
Beds
2
Baths
1,514
Sq Ft
12,197
Sq Ft Lot
About This Home
As of March 2026FULLY PAID FOR SOLAR PANELS! Enjoy exceptionally affordable living in this well-maintained ranch-style home, built in 1966 and thoughtfully updated with a newer metal roof and owned solar panels—no lease, no payments. Offering approximately 1,514 square feet of finished living space, this home features 3 bedrooms and 1.75 bathrooms with a comfortable, functional layout. Situated on a desirable walk-out lot, the property sits on nearly 1/3 acre and includes a fully fenced backyard—perfect for entertaining, pets, or gardening. The partially finished basement provides additional flexible living space ideal for a family room, home office, or recreation area. A single-stall garage adds convenience, while the generous lot size and private setting offer room to enjoy both indoors and out. This home is a great opportunity for efficient living with space, updates, and long-term savings already built in. *All measurements to be verified by buyers
Last Agent to Sell the Property
Oakridge Real Estate License #S661180 Listed on: 02/10/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,924
Year Built
- Built in 1966
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 65x187
- Property is zoned R-2
Parking
- 1 Car Garage
Home Design
- 1,514 Sq Ft Home
- Block Foundation
- Asphalt Roof
- Vinyl Siding
Kitchen
- Free-Standing Range
- Built-In Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Schools
- Fred Becker Elementary School
- Central Middle School
- East High School
Utilities
- Forced Air Heating and Cooling System
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number 891316352024
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 9, 2011
Sold by
Nelson Kyle G and Nelson Kathryn
Bought by
Balk Joshua D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,973
Outstanding Balance
$70,425
Interest Rate
3.5%
Mortgage Type
Assumption
Estimated Equity
$126,679
Purchase Details
Closed on
Jul 10, 2008
Sold by
Dcdonlad The Estate Of Myrtle Irene Petterse and Ex Grotewold
Bought by
Nelson Kyle G and Nelson Kathryn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,433
Interest Rate
6.42%
Mortgage Type
VA
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Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $110,000 | None Available | |
| Legal Action Court Order | $95,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $105,973 | Assumption | |
| Previous Owner | $93,433 | VA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/13/2026 03/13/26 | Sold | $198,500 | +7.3% | $131 / Sq Ft |
| 02/11/2026 02/11/26 | Pending | -- | -- | -- |
| 02/10/2026 02/10/26 | For Sale | $185,000 | -- | $122 / 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 | $3,702 | $196,340 | $26,330 | $170,010 |
| 2024 | $3,702 | $180,890 | $26,330 | $154,560 |
| 2023 | $3,008 | $180,890 | $26,330 | $154,560 |
| 2022 | $2,926 | $145,810 | $26,330 | $119,480 |
| 2021 | $2,692 | $145,810 | $26,330 | $119,480 |
| 2020 | $2,642 | $127,410 | $19,310 | $108,100 |
| 2019 | $2,642 | $127,410 | $19,310 | $108,100 |
| 2018 | $2,646 | $127,410 | $19,310 | $108,100 |
| 2017 | $2,730 | $127,410 | $19,310 | $108,100 |
| 2016 | $2,692 | $127,410 | $19,310 | $108,100 |
| 2015 | $2,692 | $127,410 | $19,310 | $108,100 |
| 2014 | $2,744 | $127,410 | $19,310 | $108,100 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Reuter
-
Chase Lyons
C
Buyer's Agent in 2026
Chase Lyons
Oakridge Real Estate
(319) 277-5005
11 Total Sales
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20260552
APN: 8913-16-352-024
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Based on information submitted to the MLS GRID
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