NOT LISTED FOR SALE

2422 Rainbow Dr Cedar Falls, IA 50613

Estimated Value: $247,000 - $275,000

3 Beds
2 Baths
1,928 Sq Ft
$135/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $183,400 $95 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,636/month

2 Days on Market

Highlights

  • Tiered Deck
  • Multiple Fireplaces
  • 2 Car Detached Garage
  • Peet Junior High School Rated A-
  • Wood Flooring
  • Skylights

About This Home

As of September 2018

Absolutely charming 3 bedroom home including a master suite that has character and cozy feelings in every space! Right across from Cedar Heights School, this wonderful home has incredible updates featuring quartz countertops, new windows, updated kitchen and bathrooms and so much more! Previous owners have kept the charm of the original 1940's design and updated with new ideas. This is a show piece!

Last Agent to Sell the Property

Gordon Sorensen

RE/MAX Concepts - Cedar Falls License #B59768000 Listed on: 07/31/2018

Co-Listed By

Gerald Sorensen

RE/MAX Concepts - Cedar Falls License #B59861000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,021

Year Built

  • Built in 1940

Lot Details

  • 9,425 Sq Ft Lot
  • Lot Dimensions are 65 x 145

Home Design

  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Stone Siding
  • Cement Board or Planked
  • Stucco
  • Cedar

Interior Spaces

  • 1,928 Sq Ft Home
  • Skylights
  • Multiple Fireplaces
  • Wood Burning Fireplace
  • Wood Flooring
  • Laundry on lower level
  • Unfinished Basement

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Tiered Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Cedar Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 891318427013

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,021

Year Built

Built in 1940

Lot Details

9,425 Sq Ft Lot

Listing Details

  • Parcel Number: 891318427013
  • Year Built: 1940
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • ResoLaundryFeatures: Lower Level
  • Lot Size Acres: 0.216
  • Road Surface Type: Black Top
  • Co List Office Mls Id: NBR75
  • Co List Office Phone: 319-232-7100
  • Co List Office Phone: 319-232-7100
  • MLS Status: Closed
  • Subdivision Name: Cedar Heights
  • Reso Fireplace Features: Multiple, Woodburning Fireplce
  • Reso Interior Features: Skylight(s), Hardwood Floors
  • Reso Roof: Shingle, Asphalt
  • TotalFinishedSquareFootage: 1928
  • ImprovementRating: Updated
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Water Heater
  • Basement: Block, Unfinished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • BelowGradeArea: 740

Exterior Features

  • Construction Type: Cement Board, Stone, Cedar, Stucco
  • Exterior Features: Deck-Multi-Level

Garage/Parking

  • Parking Features: 2 Stall, Detached Garage, Garage Door Opener

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Water Source: City

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: 65 x 145
  • Lot Size Sq Ft: 9425
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 3021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2018
Closed on
Sep 24, 2018
Sold by
Loonan Joanne K and Kluber Lorraine E
Bought by
Scannell Heather and Scanell Daniel
Seller's Agent
Gordon Sorensen
RE/MAX Concepts - Cedar Falls
List Price
$179,900
Sold Price
$183,400
Premium/Discount to List
$3,500
1.95%
Current Estimated Value
$260,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,877
Avg. Annual Appreciation
4.79%
Original Mortgage
$146,720
Outstanding Balance
$126,019
Interest Rate
4.2%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$134,258
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Scannell Heather $183,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scannell Heather $146,720
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2018 09/28/18 Sold $183,400 0.0% $95 / Sq Ft
08/04/2018 08/04/18 Off Market $183,400 -- --
07/31/2018 07/31/18 For Sale $179,900 -- $93 / 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 $3,202 $242,160 $24,620 $217,540
2024 $3,202 $209,220 $24,620 $184,600
2023 $2,966 $209,220 $24,620 $184,600
2022 $3,000 $169,580 $24,620 $144,960
2021 $2,936 $169,580 $24,620 $144,960
2020 $2,874 $166,300 $21,340 $144,960
2019 $2,874 $166,300 $21,340 $144,960
2018 $2,796 $160,000 $21,340 $138,660
2017 $2,796 $160,000 $21,340 $138,660
2016 $2,674 $160,000 $21,340 $138,660
2015 $2,674 $160,000 $21,340 $138,660
2014 $2,704 $160,000 $21,340 $138,660
Source: Public Records

Agents Affiliated with this Home

  • Gordon Sorensen

    Seller's Agent in 2018

    Gordon Sorensen

    RE/MAX

    (319) 269-1164

    76 in this area

    170 Total Sales

    Gordon Sorensen
    Section Image
  • Gerald Sorensen

    Seller Co-Listing Agent in 2018

    Gerald Sorensen

    RE/MAX

    (319) 269-1168

    78 in this area

    179 Total Sales

    Gerald Sorensen
    Section Image
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20184189

Northeast Iowa Regional Board of REALTORS®

APN: 8913-18-427-013

Iowa Black Hawk County Cedar Falls 50613

2422 Rainbow Dr, Cedar Falls, IA

Not Listed for Sale

Detached

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Northeast Iowa Regional Board of REALTORS® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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