NOT LISTED FOR SALE

3123 Rainbow Dr Cedar Falls, IA 50613

Estimated Value: $202,000 - $257,000

2 Beds
1 Bath
1,704 Sq Ft
$139/Sq Ft Est. Value

Sale Details

Date Sold: September 9, 2022

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

Est. 8% increase in value since last sale

Current estimated payment $1,540 / mo

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

  • 36,263 Sq Ft 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

0.83 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
Sep 9, 2022
Sold by
Bought by
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
$236,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,775
Avg. Annual Appreciation
1.96%
Original Mortgage
$209,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2020
Sold by
Bought by

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
Bought by

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
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$220,000 None Listed On Document
$220,000 --
$126,000 Title Services
$98,000 Black Hawk County Abstract &
$41,784 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $209,000
Previous Owner $100,800
Previous Owner $95,515
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    77 Total Sales

    Shane Frost
    Section Image
  • Justin Garman

    Seller's Agent in 2016

    Justin Garman

    Century 21 Signature Real Estate-Waverly

    (319) 239-2259

    38 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

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® 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.
Listings courtesy of Northeast Iowa Regional Board of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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