NOT LISTED FOR SALE

3123 Rainbow Dr Cedar Falls, IA 50613

Estimated Value: $206,000 - $251,000

2 Beds
1 Bath
1,704 Sq Ft
$137/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $220,000 $129 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,485/month

2 Days on Market

Highlights

  • 0.83 Acre Lot
  • Forced Air Heating and Cooling System
  • 3-minute walk to George Wyth Memorial State Park
  • Peet Junior High School Rated A-

About This Home

As of September 2022

Beautifully updated and character-filled 2 bedroom, 1.5 bath two-story home on a 0.8 acre lot in Cedar Falls! This home features an open concept on the main level, a recently remodeled kitchen, hardwood and tile floors, decorative beams and main level laundry. Upstairs you will find a gorgeous remodeled bathroom, more hardwood floors, and 2 bedrooms with a potential 3rd bedroom or office. Under the deck you will find an amazing 4 season room. Large 2 stall unattached garage. All measurements are approximate.

Last Agent to Sell the Property

Shane Frost

Structure Real Estate License #S66938000 Listed on: 08/09/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,459

Year Built

  • Built in 1935

Lot Details

  • 0.83 Acre Lot
  • Lot Dimensions are 75x492 75x475

Parking

  • 2 Car Garage

Home Design

  • 1,704 Sq Ft Home
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Additional Features

  • Partially Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 891317378004

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,459

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Parcel Number: 891317378004
  • Year Built: 1935
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • Lot Size Acres: 0.83
  • Road Surface Type: Concrete
  • Co List Office Phone: 319-260-2016
  • MLS Status: Closed
  • Reso Fireplace Features: None
  • Reso Roof: Asphalt
  • TotalFinishedSquareFootage: 1704
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Appliances Negotiable
  • Basement: Partially Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 180
  • BelowGradeArea: 1044

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: 2 Stall

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • 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: 75x492 75x475
  • Lot Size Sq Ft: 36263
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 2458.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
Sep 9, 2022
Sold by
Schnathorst and Sandy
Bought by
Holm Tara and Duke Sheldon
Seller's Agent
Shane Frost
Structure Real Estate
List Price
$209,900
Sold Price
$220,000
Premium/Discount to List
$10,100
4.81%
Current Estimated Value
$233,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,991
Avg. Annual Appreciation
1.87%
Original Mortgage
$209,000
Outstanding Balance
$198,959
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$35,032

Purchase Details

Closed on
Jun 12, 2020
Sold by
Nichols Harold
Bought by
Schnathorst Sheldon and Schnathorst Sandy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 10, 2011
Sold by
Heartland Property Investments Llc
Bought by
Nieman Phillip M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,515
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 4, 2009
Sold by
Foster Rodney V
Bought by
Be Heartland Property Investments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Holm Tara $220,000 --
Schnathorst Sheldon $126,000 Title Services
Nieman Phillip M $98,000 Black Hawk County Abstract &
Be Heartland Property Investments Llc $41,784 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holm Tara $209,000
Previous Owner Schnathorst Sheldon $100,800
Previous Owner Nieman Phillip M $95,515
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2022 09/09/22 Sold $220,000 +4.8% $129 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $209,900 +90.8% $123 / Sq Ft
10/28/2016 10/28/16 Sold $110,000 -15.3% $65 / Sq Ft View Prior Sale
10/07/2016 10/07/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $129,900 -- $76 / 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 $3,134 $227,420 $36,840 $190,580
2024 $3,134 $205,040 $36,840 $168,200
2023 $2,810 $205,040 $36,840 $168,200
2022 $2,542 $152,260 $39,300 $112,960
2021 $2,458 $136,070 $39,300 $96,770
2020 $2,250 $132,050 $31,930 $100,120
2019 $2,250 $132,050 $31,930 $100,120
2018 $2,280 $132,050 $31,930 $100,120
2017 $2,232 $132,050 $31,930 $100,120
2016 $2,086 $126,730 $31,930 $94,800
2015 $2,086 $126,730 $31,930 $94,800
2014 $1,956 $118,110 $31,930 $86,180
Source: Public Records

Agents Affiliated with this Home

  • Shane Frost

    Seller's Agent in 2022

    Shane Frost

    Structure Real Estate

    (319) 231-1692

    32 in this area

    71 Total Sales

    Shane Frost
    Section Image
  • Justin Garman

    Seller's Agent in 2016

    Justin Garman

    Century 21 Signature Real Estate-Waverly

    (319) 239-2259

    1 in this area

    39 Total Sales

    Justin Garman
    Section Image
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Map

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20223799

Northeast Iowa Regional Board of REALTORS®

APN: 8913-17-378-004

Iowa Black Hawk County Cedar Falls 50613

3123 Rainbow Dr, Cedar Falls, IA

Not Listed for Sale

Detached

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