$172,000
SOLD JAN 27, 2025

2007 Rainbow Dr Waterloo, IA 50701

3 Beds
1 Bath
1,255 Sq Ft
10,380 Sq Ft Lot

Recently Sold

$137 Per Sq Ft

1% Above List Price

1 Day on Market

Highlights

  • Deck
  • Central Air
  • Ceiling Fan
  • Landscaped

About This Home

As of January 2025

Welcome to your cozy retreat on bustling Rainbow Drive! Perfectly nestled between Waterloo and Cedar Falls, this home offers a prime location near parks, recreational trails, shopping, and all the amenities you need. Inside, you'll find a bright and inviting living area, perfect for relaxing or entertaining guests. The seamless flow leads you to the kitchen and dining space, ideal for sharing meals and making lasting memories. With 3 bedrooms, 1 bathroom, and a convenient half bathroom on the lower level, this home is designed to meet your needs. Step outside to your serene backyard oasis, where a deck overlooks the beautifully landscaped yard that backs up to a tranquil creek—perfect for peaceful mornings or entertaining friends and family. Enjoy peace of mind with recent updates, including a brand-new furnace, A/C, and water heater installed this year. This home truly checks all the boxes—schedule your showing today!

Last Agent to Sell the Property

Hermina Ibricic

Vine Valley Real Estate License #S68108000 Listed on: 01/01/2025

Last Buyer's Agent

Carly Steiert

AWRE, EXP Realty, LLC License #S70304000

AWRE, EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,644

Year Built

  • Built in 1955

Lot Details

  • 10,380 Sq Ft Lot
  • Lot Dimensions are 60x173
  • Landscaped

Parking

  • 2 Car Garage

Home Design

  • Block Foundation
  • Shingle Roof
  • Vinyl Siding
  • Radon Mitigation System

Interior Spaces

  • 1,255 Sq Ft Home
  • Ceiling Fan
  • Partially Finished Basement
  • Sump Pump
  • Fire and Smoke Detector

Kitchen

  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Fred Becker Elementary School
  • Central Intermediate
  • East High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 891317476005

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,644

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Parcel Number: 891317476005
  • Year Built: 1955
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • ResoLaundryFeatures: Lower Level
  • Lot Size Acres: 0.24
  • Road Surface Type: Concrete
  • Co List Office Phone: 319-249-5468
  • MLS Status: Closed
  • Reso Fireplace Features: None
  • Reso Roof: Shingle
  • TotalFinishedSquareFootage: 1255
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Smoke Detector, Dishwasher, Dryer, Microwave Built In, Sump Pump, Washer, Gas Water Heater
  • Basement: Block, Radon Mitigation System, Partially Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 375
  • BelowGradeArea: 880

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Landscaping

Garage/Parking

  • Parking Features: 2 Stall

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Gas
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association Fee Frequency: N/A

Schools

  • Elementary School: Fred Becker Elementary
  • High School: East High
  • Middle Or Junior School: Central Intermediate

Lot Info

  • Zoning: R-1
  • Lot Dimensions: 60x173
  • Lot Size Sq Ft: 10380
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 2644

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Aug 31, 2021
Sold by
Nyhus Kristine M and Nyhus Austin J
Bought by
Knapp Justine R
Seller's Agent
Dan Gutknecht,CRS,G
Oakridge Real Estate
List Price
$129,900
Sold Price
$135,000
Premium/Discount to List
$5,100
3.93%
Current Estimated Value
$170,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,994
Avg. Annual Appreciation
5.92%
Original Mortgage
$121,500
Outstanding Balance
$112,328
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$58,666

Purchase Details

Closed on
Aug 16, 2013
Sold by
Egloff Matthew J and Egloff Susan M
Bought by
Swatosh Kristine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,745
Interest Rate
4.37%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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 $135,000 Title Services Corporation
Warranty Deed $97,000 Title Services Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $121,500 New Conventional
Closed $13,500 Stand Alone Second
Previous Owner $92,745 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/27/2025 01/27/25 Sold $172,000 +1.2% $137 / Sq Ft
01/02/2025 01/02/25 Pending -- -- --
01/01/2025 01/01/25 For Sale $169,900 +25.9% $135 / Sq Ft
08/31/2021 08/31/21 Sold $135,000 +3.9% $105 / Sq Ft View Prior Sale
07/01/2021 07/01/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $129,900 -- $101 / Sq Ft
Source: Northeast Iowa Regional Board 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
2024 $2,874 $142,730 $22,870 $119,860
2023 $2,400 $142,730 $22,870 $119,860
2022 $2,192 $118,130 $22,870 $95,260
2021 $2,036 $111,460 $22,870 $88,590
2020 $1,998 $98,460 $18,300 $80,160
2019 $1,998 $98,460 $18,300 $80,160
2018 $2,196 $98,460 $18,300 $80,160
2017 $2,262 $98,460 $18,300 $80,160
2016 $2,234 $98,460 $18,300 $80,160
2015 $2,234 $98,460 $18,300 $80,160
2014 $2,276 $98,460 $18,300 $80,160
Source: Public Records

Agents Affiliated with this Home

  • Hermina Ibricic

    Seller's Agent in 2025

    Hermina Ibricic

    Vine Valley Real Estate

    (319) 215-1908

    36 Total Sales

    Hermina Ibricic
    Section Image

  • C

    Buyer's Agent in 2025

    Carly Steiert

    AWRE, EXP Realty, LLC

    (319) 559-0302

    38 Total Sales

    Carly Steiert
    Section Image
  • Dan Gutknecht,CRS,G

    Seller's Agent in 2021

    Dan Gutknecht,CRS,G

    Oakridge Real Estate

    (319) 240-3739

    58 Total Sales

    Dan Gutknecht,CRS,G
    Section Image
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20250003

Northeast Iowa Regional Board of REALTORS®

APN: 8913-17-476-005

Iowa Black Hawk County Waterloo 50701

2007 Rainbow Dr, Waterloo, IA

This home is located at 2007 Rainbow Dr, Waterloo, IA 50701 and is currently priced at $172,000, approximately $137 per square foot. This property was built in 1955. 2007 Rainbow Dr is a home located in Black Hawk County with nearby schools including Becker Elementary School, Central Middle School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northeast Iowa Regional Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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