1916 Rainbow Dr Cedar Falls, IA 50613
Estimated payment $1,415/month
Highlights
- Deck
- 2 Car Detached Garage
- Soaking Tub
- Peet Junior High School Rated A-
- Fireplace
- French Doors
About This Home
Charming Cedar Heights two-story home filled with timeless character and warmth. From the moment you step inside, you’ll feel right at home in the inviting living room, featuring a cozy fireplace with a generous mantel, original woodwork, and beautiful hardwood floors. French doors off the living room open to a versatile space—perfect as a third bedroom, sunroom, or a cozy spot to enjoy your morning coffee. The living room flows seamlessly into a formal dining room and an efficient, light-filled kitchen. Tucked just around the corner is a unique library or office space with abundant shelving—ideal for book lovers or displaying treasured collections. A conveniently located half bath and stackable washer/dryer complete the main level. Upstairs, the generously sized bedrooms offer comfortable living, with the larger bedroom providing ample space for a sitting area or reading nook. The beautifully updated full bathroom features tile flooring, a separate shower, and a soaking tub—creating a peaceful retreat at the end of the day. The unfinished basement provides excellent storage options, while the outdoor space includes a deck, a dedicated entertaining area, and a two-stall detached garage. Ideally located near schools, parks, and scenic nature trails, this lovely home offers charm, functionality, and a wonderful place to call home. Schedule your private showing today!
Open House Schedule
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Sunday, February 01, 20262:00 to 3:00 pm2/1/2026 2:00:00 PM +00:002/1/2026 3:00:00 PM +00:00Janae Nuss & Sue WillettAdd to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,957
Year Built
- Built in 1908
Lot Details
- 8,990 Sq Ft Lot
- Lot Dimensions are 62 x 145
Parking
- 2 Car Detached Garage
Home Design
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,446 Sq Ft Home
- Ceiling Fan
- Fireplace
- French Doors
- Unfinished Basement
Kitchen
- Free-Standing Range
- Microwave
Bedrooms and Bathrooms
- 2 Bedrooms
- Soaking Tub
Laundry
- Laundry on main level
- Dryer
Outdoor Features
- Deck
Schools
- Cedar Heights Elementary School
- Peet Junior High
- Cedar Falls High School
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 891318257010
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,792 | $214,440 | $23,480 | $190,960 |
| 2024 | $2,792 | $183,780 | $23,480 | $160,300 |
| 2023 | $2,734 | $183,780 | $23,480 | $160,300 |
| 2022 | $2,764 | $156,950 | $23,480 | $133,470 |
| 2021 | $2,704 | $156,950 | $23,480 | $133,470 |
| 2020 | $2,646 | $153,820 | $20,350 | $133,470 |
| 2019 | $2,646 | $153,820 | $20,350 | $133,470 |
| 2018 | $2,564 | $148,010 | $20,350 | $127,660 |
| 2017 | $2,624 | $147,490 | $20,350 | $127,140 |
| 2016 | $2,452 | $147,490 | $20,350 | $127,140 |
| 2015 | $2,452 | $147,490 | $20,350 | $127,140 |
| 2014 | $2,480 | $147,490 | $20,350 | $127,140 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/27/2026 01/27/26 | For Sale | $225,000 | +27.1% | $156 / Sq Ft | |
| 05/27/2022 05/27/22 | Sold | $177,000 | -1.6% | $122 / Sq Ft | View Prior Sale |
| 04/02/2022 04/02/22 | Pending | -- | -- | -- | |
| 03/30/2022 03/30/22 | For Sale | $179,900 | +18.4% | $124 / Sq Ft | |
| 07/14/2017 07/14/17 | Sold | $152,000 | -1.9% | $105 / Sq Ft | View Prior Sale |
| 05/30/2017 05/30/17 | Pending | -- | -- | -- | |
| 05/24/2017 05/24/17 | For Sale | $154,900 | -- | $107 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $177,000 | None Listed On Document | |
| Warranty Deed | $152,000 | None Available | |
| Warranty Deed | $140,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $168,150 | New Conventional | |
| Previous Owner | $121,600 | New Conventional | |
| Previous Owner | $133,000 | New Conventional |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20260337
APN: 8913-18-257-010
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