Seller's Agent in 2025
Jason Strelow
Berkshire Hathaway Home Services One Realty Centre
(319) 961-3000
43 in this area
206 Total Sales
2523 Rainbow Dr Cedar Falls, IA 50613
3
Beds
2
Baths
1,418
Sq Ft
23,522
Sq Ft Lot
Highlights
- 0.54 Acre Lot
- Solid Surface Countertops
- Patio
- Peet Junior High School Rated A-
- 1 Car Detached Garage
- Forced Air Heating and Cooling System
About This Home
As of June 2025Welcome to 2523 Rainbow Dr., a charming and character-filled 1 1/2-story home nestled on over half an acre of land in the heart of Cedar Falls. This delightful residence offers the perfect blend of classic appeal and modern updates, just steps away from the local elementary school and within close proximity to Hartman Reserve Nature Center, ideal for nature enthusiasts and outdoor adventurers alike. Inside, the home boasts three generously sized bedrooms and two baths, with beautiful hardwood flooring throughout, adding warmth and character to the space. The updated eat-in kitchen is a true highlight, featuring sleek quartz countertops and ample space for family gatherings or casual dining. A formal dining area adds a touch of sophistication, while the inviting living room, complete with a cozy wood-burning fireplace, is the perfect spot to unwind. The lower level remains unfinished, offering abundant possibilities to expand or customize to suit your needs. Outside, the property includes a single-stall garage, with plenty of room to build your dream garage or outdoor oasis. Located centrally between Waterloo and Cedar Falls, this home is just moments away from schools, parks, the bike trail, shopping, and all the conveniences of daily life. With its ideal location, spacious lot, and timeless charm, 2523 Rainbow Dr. is a must-see. Don’t miss your opportunity to make this beautiful home your own!
Last Agent to Sell the Property
Berkshire Hathaway Home Services One Realty Centre License #B37568 Listed on: 03/11/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,853
Year Built
- Built in 1932
Lot Details
- 0.54 Acre Lot
- Lot Dimensions are 94x250
- Level Lot
- Property is zoned C-2
Home Design
- Concrete Foundation
- Block Foundation
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,418 Sq Ft Home
- Ceiling Fan
- Living Room with Fireplace
- Unfinished Basement
- Interior Basement Entry
- Fire and Smoke Detector
Kitchen
- Free-Standing Range
- Microwave
- Dishwasher
- Solid Surface Countertops
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on lower level
- Washer and Gas Dryer Hookup
Parking
- 1 Car Detached Garage
- Garage Door Opener
Outdoor Features
- Patio
Schools
- Cedar Heights Elementary School
- Peet Junior High
- Cedar Falls High School
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
- Water Purifier
Listing and Financial Details
- Assessor Parcel Number 891317351003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 11, 2025
Closed on
Apr 21, 2025
Sold by
Engemann Cade and Engemann Jessica
Bought by
Nussbaum Christian and Nussbaum Hannah
Seller's Agent
Jason Strelow
Berkshire Hathaway Home Services One Realty Centre
Buyer's Agent
Tyler Bice
Structure Real Estate
List Price
$249,900
Sold Price
$236,000
Premium/Discount to List
-$13,900
-5.56%
Views
208
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,001
Avg. Annual Appreciation
0.54%
Original Mortgage
$228,920
Interest Rate
6.81%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 20, 2023
Closed on
Feb 26, 2024
Sold by
Sanford Nicholas S and Sanford Sydney
Bought by
Engemann Cade and Engemann Jessica
Seller's Agent
Tracy Mudd
Vine Valley Real Estate
List Price
$264,900
Sold Price
$240,000
Premium/Discount to List
-$24,900
-9.4%
Views
143
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.33%
Original Mortgage
$220,200
Interest Rate
6.69%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 25, 2021
Closed on
Feb 26, 2021
Sold by
Nyman Michael and Nyman Wendy
Bought by
Sanford Nicholas S
Seller's Agent
Amy Wienands
AWRE, EXP Realty, LLC
List Price
$149,000
Sold Price
$146,000
Premium/Discount to List
-$3,000
-2.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.02%
Original Mortgage
$141,620
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 31, 2016
Sold by
Ke & J Investments Llc
Bought by
Nyman Michael
Purchase Details
Closed on
Jul 16, 2013
Sold by
Merriau Norma Jean
Bought by
K E & J Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage
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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 |
|---|---|---|---|
| Warranty Deed | $236,000 | None Listed On Document | |
| Warranty Deed | $240,000 | None Listed On Document | |
| Warranty Deed | $146,000 | None Listed On Document | |
| Warranty Deed | $142,000 | None Available | |
| Warranty Deed | $130,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $228,920 | New Conventional | |
| Previous Owner | $220,200 | New Conventional | |
| Previous Owner | $141,620 | New Conventional | |
| Previous Owner | $80,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/03/2025 06/03/25 | Sold | $236,000 | -1.7% | $166 / Sq Ft | |
| 04/20/2025 04/20/25 | Pending | -- | -- | -- | |
| 04/16/2025 04/16/25 | Price Changed | $240,000 | -4.0% | $169 / Sq Ft | |
| 03/11/2025 03/11/25 | For Sale | $249,900 | +4.1% | $176 / Sq Ft | |
| 02/28/2024 02/28/24 | Sold | $240,000 | -5.5% | $169 / Sq Ft | View Prior Sale |
| 01/20/2024 01/20/24 | Pending | -- | -- | -- | |
| 12/06/2023 12/06/23 | Price Changed | $253,900 | -4.2% | $179 / Sq Ft | |
| 11/20/2023 11/20/23 | For Sale | $264,900 | +81.4% | $187 / Sq Ft | |
| 03/01/2021 03/01/21 | Sold | $146,000 | -2.0% | $103 / Sq Ft | View Prior Sale |
| 01/26/2021 01/26/21 | Pending | -- | -- | -- | |
| 01/25/2021 01/25/21 | For Sale | $149,000 | -- | $105 / 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 | $2,936 | $193,530 | $40,890 | $152,640 |
| 2024 | $2,936 | $182,460 | $40,890 | $141,570 |
| 2023 | $2,570 | $182,460 | $40,890 | $141,570 |
| 2022 | $2,598 | $148,050 | $40,890 | $107,160 |
| 2021 | $2,656 | $148,050 | $40,890 | $107,160 |
| 2020 | $2,444 | $142,700 | $35,440 | $107,260 |
| 2019 | $2,444 | $142,700 | $35,440 | $107,260 |
| 2018 | $2,638 | $142,700 | $35,440 | $107,260 |
| 2017 | $2,694 | $142,700 | $35,440 | $107,260 |
| 2016 | $2,522 | $142,700 | $35,440 | $107,260 |
| 2015 | $2,522 | $142,700 | $35,440 | $107,260 |
| 2014 | $2,376 | $132,940 | $35,440 | $97,500 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Strelow
-
Tyler Bice
Buyer's Agent in 2025
Tyler Bice
Structure Real Estate
(612) 263-0217
12 in this area
95 Total Sales
-
Tracy Mudd
Seller's Agent in 2024
Tracy Mudd
Vine Valley Real Estate
(319) 504-9690
90 in this area
135 Total Sales
-
Amy Wienands
Seller's Agent in 2021
Amy Wienands
AWRE, EXP Realty, LLC
(319) 240-7247
299 in this area
1,226 Total Sales
-
Amber Schuchmann
A
Seller Co-Listing Agent in 2021
Amber Schuchmann
AWRE, EXP Realty, LLC
(319) 231-4986
55 in this area
255 Total Sales
Map
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20250936
APN: 8913-17-351-003
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Based on information submitted to the MLS GRID
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