Seller's Agent in 2025
Gerald Sorensen
RE/MAX
(319) 269-1168
177 Total Sales
1817 Rainbow Dr Waterloo, IA 50701
4
Beds
2
Baths
1,512
Sq Ft
0.28
Acres
Highlights
- 2 Car Detached Garage
- Patio
- Forced Air Heating and Cooling System
About This Home
As of December 2025Beautifully Updated 4-Bedroom Home with Spacious Yard and Modern Upgrades Welcome to this beautifully updated 4-bedroom, 2-bathroom home that perfectly blends comfort, functionality, and style. Situated on a generous lot, the home features a large yard—ideal for outdoor entertaining, gardening, or simply enjoying the open space. Step inside to discover a completely renovated interior, featuring all new flooring and fresh paint throughout. The heart of the home is the brand-new kitchen, thoughtfully designed with modern finishes, updated cabinetry, and sleek countertops—perfect for everyday living and hosting guests. Both bathrooms have been stylishly updated, offering clean, contemporary fixtures and finishes. The home also boasts new vinyl windows, enhancing energy efficiency while letting in an abundance of natural light. Downstairs, the finished lower level provides flexible space—great for a family room, home office, gym, or guest quarters. Additional highlights include a large garage with ample space for parking, storage, or even a workshop. This move-in-ready home combines practicality and modern updates in a highly livable layout, offering everything you need for today's lifestyle.
Last Agent to Sell the Property
RE/MAX Concepts - Cedar Falls License #B59861000 Listed on: 10/09/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,108
Year Built
- Built in 1957
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 67 x 180
Parking
- 2 Car Detached Garage
Home Design
- 1,512 Sq Ft Home
- Block Foundation
- Asphalt Roof
- Cedar
Kitchen
- Free-Standing Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- Fred Becker Elementary School
- Central Intermediate
- East High School
Additional Features
- Patio
- Forced Air Heating and Cooling System
- Finished Basement
Community Details
- Lobdells Add To Castle Hill Subdivision
Listing and Financial Details
- Assessor Parcel Number 891317478004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 12, 2022
Sold by
Ravn Travis A and Ravn Karen A
Bought by
Ravn Travis A and Ravn Karen A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Outstanding Balance
$106,385
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$113,827
Purchase Details
Listed on
Apr 6, 2015
Closed on
Jun 15, 2015
Sold by
Schmidt Daniel A and Schmidt Christine E
Bought by
Ravan Travis A
Seller's Agent
Ann Lyons
Oakridge Real Estate
List Price
$134,500
Sold Price
$134,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%
Original Mortgage
$107,600
Interest Rate
3.82%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 20, 2011
Sold by
Mueller Scott M and Mueller Sarah L
Bought by
Schmidt Daniel A and Schmidt Christine E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,800
Interest Rate
4.77%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 13, 2006
Sold by
Backes Ryan P and Backes Ashley L
Bought by
Mueller Scott M and Foust Sara L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,000
Interest Rate
6.68%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $134,500 | None Available | |
| Joint Tenancy Deed | $108,500 | None Available | |
| Joint Tenancy Deed | $105,000 | Black Hawk County Abstract C |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $115,500 | New Conventional | |
| Previous Owner | $107,600 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $86,800 | New Conventional | |
| Previous Owner | $21,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/22/2025 12/22/25 | Sold | $224,900 | 0.0% | $149 / Sq Ft | |
| 11/07/2025 11/07/25 | Pending | -- | -- | -- | |
| 10/28/2025 10/28/25 | Price Changed | $224,900 | -2.2% | $149 / Sq Ft | |
| 10/09/2025 10/09/25 | For Sale | $229,900 | +70.9% | $152 / Sq Ft | |
| 06/19/2015 06/19/15 | Sold | $134,500 | 0.0% | $79 / Sq Ft | View Prior Sale |
| 04/12/2015 04/12/15 | Pending | -- | -- | -- | |
| 04/06/2015 04/06/15 | For Sale | $134,500 | -- | $79 / Sq Ft |
Source: Northeast Iowa Regional Board of REALTORS®
Tax History Compared to Growth
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 | $3,108 | $154,830 | $27,140 | $127,690 |
| 2024 | $3,108 | $143,270 | $27,140 | $116,130 |
| 2023 | $2,616 | $143,270 | $27,140 | $116,130 |
| 2022 | $2,546 | $119,100 | $27,140 | $91,960 |
| 2021 | $2,376 | $119,100 | $27,140 | $91,960 |
| 2020 | $2,338 | $104,910 | $21,710 | $83,200 |
| 2019 | $2,338 | $104,910 | $21,710 | $83,200 |
| 2018 | $2,340 | $104,910 | $21,710 | $83,200 |
| 2017 | $2,410 | $104,910 | $21,710 | $83,200 |
| 2016 | $2,366 | $104,910 | $21,710 | $83,200 |
| 2015 | $2,366 | $104,300 | $21,710 | $82,590 |
| 2014 | $2,412 | $104,300 | $21,710 | $82,590 |
Source: Public Records
Agents Affiliated with this Home
-
Gerald Sorensen
-
Gordon Sorensen
Seller Co-Listing Agent in 2025
Gordon Sorensen
RE/MAX
(319) 269-1164
174 Total Sales
-
Kayla Ventura
Buyer's Agent in 2025
Kayla Ventura
Vine Valley Real Estate
(319) 249-5468
5 Total Sales
-
Ann Lyons
Seller's Agent in 2015
Ann Lyons
Oakridge Real Estate
(319) 269-1384
94 Total Sales
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20254987
APN: 8913-17-478-004
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