NOT LISTED FOR SALE

3021 Rainbow Dr Cedar Falls, IA 50613

Estimated Value: $140,000 - $155,000

2 Beds
1.5 Baths
749 Sq Ft
$197/Sq Ft Est. Value

Last Sold July 25, 2023

Last sale price $140,000 $187 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $907/month

2 Days on Market

Highlights

  • Fireplace in Bedroom
  • Deck
  • 3 Car Detached Garage
  • Peet Junior High School Rated A-
  • Vaulted Ceiling
  • 2-minute walk to George Wyth Memorial State Park

About This Home

As of July 2023

Welcome to this charming 2-bedroom, 1-story home that is awaiting your personal touch. Located in a highly convenient area, this property offers great potential for the savvy homeowner or investor. The main floor features a cozy living/dining combo, a step-saving galley kitchen with breakfast bar. Additionally, there is a comfortable bedroom with electric fireplace and a convenient half bath on this level. Descend to the basement, where you'll find an additional bedroom, 3/4 bath and a laundry area. Recent updates include new flooring, remodeled front porch and a new roof on main part of house. Car enthusiasts and hobbyists will appreciate the exceptional garage space. With two detached garages offering a total of three stalls, there is ample room for parking, storage and workspace. Situated on a double lot, this property provides a generous outdoor area for various activities. The location of this home is a true highlight. Conveniently positioned near major highways, commuting to different parts of the city becomes a breeze. Furthermore, the proximity to the UNI campus, just a short 10-minute drive away, offers a fantastic opportunity for students or faculty.

Last Agent to Sell the Property

Troy Northrop

RE/MAX Independence Realty License #S65557000 Listed on: 06/22/2023

RE/MAX Independence Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,028

Year Built

  • Built in 1930

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 100' x 170'
  • Additional Parcels

Home Design

  • Bungalow
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 749 Sq Ft Home
  • Vaulted Ceiling
  • Electric Fireplace

Kitchen

  • Free-Standing Range
  • Built-In Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Bedroom

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Partially Finished Basement

  • Interior Basement Entry
  • Sump Pump

Parking

  • 3 Car Detached Garage
  • Workshop in Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 891317377005

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,028

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Parcel Number: 891317377005
  • Year Built: 1930
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • ResoLaundryFeatures: Lower Level
  • Lot Size Acres: 0.39
  • Road Frontage Type: Hard Surface Road
  • Road Surface Type: Gravel
  • Co List Office Phone: 319-334-5703
  • MLS Status: Closed
  • Architectural Style: Bungalow
  • Reso Fireplace Features: One, Electric, Bedroom, None
  • Reso Interior Features: Vaulted Ceiling(s)
  • Reso Roof: Shingle, Asphalt
  • TotalFinishedSquareFootage: 749
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave Built In, Free-Standing Range, Sump Pump, Refrigerator, Washer
  • Basement: Entrance-Inside, Partially Unfinished
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 125
  • BelowGradeArea: 624

Exterior Features

  • Construction Type: Wood Siding
  • Exterior Features: Deck, Porch-Enclosed

Garage/Parking

  • Parking Features: 3 or More Stalls, Detached Garage, Garage Door Opener, Workshop in Garage

Utilities

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

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: 100' x 170'
  • Lot Size Sq Ft: 16550
  • Additional Parcels: Yes

Tax Info

  • Tax Annual Amount: 2028.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Jul 20, 2023
Sold by
Yearous Allyson
Bought by
Elsner Marc A
Seller's Agent
Troy Northrop
RE/MAX Independence Realty
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Views
47
Current Estimated Value
$147,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,745
Avg. Annual Appreciation
2.22%
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
Elsner Marc A $140,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2023 07/25/23 Sold $140,000 -6.7% $187 / Sq Ft
06/24/2023 06/24/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $150,000 +27.1% $200 / Sq Ft
07/26/2019 07/26/19 Sold $118,000 -3.7% $158 / Sq Ft View Prior Sale
06/16/2019 06/16/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $122,500 -- $164 / 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
2025 $1,602 $122,870 $19,500 $103,370
2024 $1,602 $109,810 $19,500 $90,310
2023 $1,370 $101,420 $19,500 $81,920
2022 $1,384 $83,040 $20,800 $62,240
2021 $1,314 $83,040 $20,800 $62,240
2020 $1,444 $79,140 $16,900 $62,240
2019 $1,444 $79,140 $16,900 $62,240
2018 $1,302 $79,140 $16,900 $62,240
2017 $1,302 $79,140 $16,900 $62,240
2016 $1,250 $79,140 $16,900 $62,240
2015 $1,250 $79,510 $16,900 $62,610
2014 $1,164 $73,820 $16,900 $56,920
Source: Public Records

Agents Affiliated with this Home

  • Troy Northrop

    Seller's Agent in 2023

    Troy Northrop

    RE/MAX

    (563) 920-5569

    1 in this area

    71 Total Sales

    Troy Northrop
    Section Image
  • Amy Wienands

    Seller's Agent in 2019

    Amy Wienands

    AWRE, EXP Realty, LLC

    (319) 240-7247

    306 in this area

    1,237 Total Sales

    Amy Wienands
    Section Image
  • Ron Garris, CRB,CRS

    Seller Co-Listing Agent in 2019

    Ron Garris, CRB,CRS

    AWRE - Commercial & Development

    (319) 231-2100

    5 in this area

    66 Total Sales

    Ron Garris, CRB,CRS
    Section Image
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20232505

Northeast Iowa Regional Board of REALTORS®

APN: 8913-17-377-005

Iowa Black Hawk County Cedar Falls 50613

3021 Rainbow Dr, Cedar Falls, IA

Not Listed for Sale

Detached

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