$320,000
$15K PRICE DROP

2320 Rainbow Dr Cedar Falls, IA 50613

Estimated payment $2,053/month

Total Views 17,143
3 Beds
2.5 Baths
2,367 Sq Ft
$135 Price per Sq Ft

About This Home

Welcome to this charming Cedar Falls home, perfectly situated across from a local school and just minutes from all the conveniences of town. With 3 bedrooms, 2 bathrooms, and over 2,300 square feet of living space, this home offers both room to spread out and cozy spots to gather. Step inside and you'll find a comfortable layout with two separate living areas, ideal for entertaining or creating designated spaces for work and play. The updated kitchen flows nicely into the dining and living areas, making everyday living feel effortless. Upstairs, enjoy the benefit of a dedicated HVAC system—perfect for keeping temperatures just right all year round. Outside, the large lot provides plenty of green space for gardening, play, or relaxing evenings on the patio. Whether you're looking for your forever home or something with room to grow, this property combines location, space, and comfort in one inviting package.

Listing Agent

Gordon Sorensen

RE/MAX Concepts - Cedar Falls License #B59768000 Listed on: 07/29/2025

Co-Listing Agent

Gerald Sorensen

RE/MAX Concepts - Cedar Falls License #B59861000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,358

Year Built

  • Built in 1938

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 131x145

Parking

  • 3 Car Garage

Home Design

  • Block Foundation
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2,367 Sq Ft Home
  • Fireplace Features Masonry

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

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

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 891318427024

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,358

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Parcel Number: 891318427024
  • Year Built: 1938
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • Lot Size Acres: 0.44
  • Road Surface Type: Concrete
  • Co List Office Mls Id: NBR92
  • Co List Office Phone: 319-266-7100
  • Co List Office Phone: 319-266-7100
  • MLS Status: ACTIVE
  • Reso Fireplace Features: Masonry
  • Reso Roof: Asphalt
  • TotalFinishedSquareFootage: 2367
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • BelowGradeArea: 1076

Exterior Features

  • Construction Type: Aluminum Siding

Garage/Parking

  • Parking Features: 3 or More Stalls

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-1
  • Lot Dimensions: 131x145
  • Lot Size Sq Ft: 18995
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 4358

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $4,486 $278,740 $49,390 $229,350
2023 $4,068 $278,740 $49,390 $229,350
2022 $4,116 $232,670 $49,390 $183,280
2021 $3,988 $232,670 $49,390 $183,280
2020 $3,916 $226,700 $42,800 $183,900
2019 $3,916 $226,700 $42,800 $183,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Price Changed $320,000 -4.5% $135 / Sq Ft
07/29/2025 07/29/25 For Sale $335,000 -- $142 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $265,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $60,000 Credit Line Revolving
Source: Public Records

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20253611

Northeast Iowa Regional Board of REALTORS®

APN: 8913-18-427-021

Iowa Black Hawk County Cedar Falls 50613

2320 Rainbow Dr, Cedar Falls, IA

This home is located at 2320 Rainbow Dr, Cedar Falls, IA 50613 and is currently priced at $320,000, approximately $135 per square foot. This property was built in 1938. 2320 Rainbow Dr is a home located in Black Hawk County with nearby schools including Cedar Heights Elementary School, Peet Junior High School, and Cedar Falls 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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Gordon Sorensen
Listing Agent
Gordon Sorensen
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RE/MAX Concepts - Cedar Falls
(319) 469-8911