$359,900
PENDING $40K PRICE DROP

3124 Rainbow Dr Cedar Falls, IA 50613

Estimated payment $2,329/month

Total Views 26,423
3 Beds
2.5 Baths
2,491 Sq Ft
$144 Price per Sq Ft

Highlights

  • Heated Floors
  • Deck
  • 3 Car Garage
  • Peet Junior High School Rated A-
  • Solid Surface Countertops
  • 3-minute walk to George Wyth Memorial State Park

About This Home

Discover your dream home in this charming, well-maintained 3-bed, 2 1/2-bath ranch, nestled in a peaceful and friendly neighborhood near Hartman Reserve. The large master suite boasts a spacious room with its own laundry area, walk-in shower, and a massive walk-in closet. Beautiful new LVT flooring adds a modern touch and a sleek style throughout the home. You’ll love the luxurious theater room, perfect for family movie nights or entertaining guests. The heated basement floors ensure warmth and comfort during the colder months, while the custom Omega cabinetry in the kitchen elevates the space to a new level of elegance. For hobbyists or car enthusiasts, the 4-stall garage offers plenty of room for all your projects, vehicles, or storage needs—making it the perfect space for someone who needs extra space for their passions. Located in an established neighborhood surrounded by mature trees, this home provides both privacy and tranquility. It’s ideally situated near top-rated schools, parks, and local amenities, adding to its charm and convenience. With all of these features, this house is truly a gem waiting to be discovered. Don’t miss the opportunity to make this extraordinary house your forever home!

Listing Agent

Dave Woods

Oakridge Real Estate License #S67035 Listed on: 06/17/2025

Oakridge Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,131

Year Built

  • Built in 2005

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 95x157
  • Garden

Home Design

  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,491 Sq Ft Home
  • Ceiling Fan
  • Pocket Doors
  • Heated Floors
  • Finished Basement
  • Sump Pump
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 3 Car Garage
  • Tuck Under Garage
  • Garage Door Opener

Outdoor Features

  • Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Gas Water Heater
  • Water Softener is Owned

Community Details

  • Built by Stratford Homes

Listing and Financial Details

  • Assessor Parcel Number 891317330015

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,131

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Parcel Number: 891317330015
  • Year Built: 2005
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • ResoLaundryFeatures: 1st Floor
  • ResoLotFeatures: Landscaped
  • Lot Size Acres: 0.34
  • Road Frontage Type: Paved Road
  • Road Surface Type: Mixed
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Phone: 319-277-5005
  • MLS Status: Pending
  • Reso Fireplace Features: None
  • Reso Interior Features: Ceiling Fan/Light, Solid Surface Counters, Pantry, Pocket Doors, Stereo Surround System
  • Reso Roof: Shingle, Asphalt
  • TotalFinishedSquareFootage: 2491
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Appliances Negotiable, Dishwasher, Dryer, Disposal, Microwave, Free-Standing Range, Sump Pump, Refrigerator, Vented Exhaust Fan, Washer, Gas Water Heater, Water Softener, Water Softener Owned
  • Basement: Block, Finished
  • Other Equipment: Home Theater
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 975
  • BelowGradeArea: 1516

Exterior Features

  • Construction Type: Aluminum Siding, Vinyl Siding
  • Exterior Features: Garden, School Bus Service
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: 3 or More Stalls, Attached Garage, Built-In, Detached Garage, Garage Door Opener, Oversized, Wired, Tuckunder Garage

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Natural Gas, In Floor Heat
  • Sewer: Public Sewer
  • Water Source: Public

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: 95X157
  • Lot Size Sq Ft: 14915
  • Additional Parcels: No

Building Info

  • Builder Name: Stratford Homes

Tax Info

  • Tax Annual Amount: 5131

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $5,280 $328,180 $36,690 $291,490
2023 $4,908 $328,180 $36,690 $291,490
2022 $4,968 $265,910 $36,690 $229,220
2021 $4,860 $265,910 $36,690 $229,220
2020 $4,764 $261,020 $31,800 $229,220
2019 $4,764 $261,020 $31,800 $229,220
2018 $4,478 $251,050 $31,800 $219,250
2017 $4,478 $251,050 $31,800 $219,250
2016 $4,282 $251,050 $31,800 $219,250
2015 $4,282 $251,050 $31,800 $219,250
2014 $4,332 $251,050 $31,800 $219,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Pending -- -- --
09/05/2025 09/05/25 Price Changed $359,900 -2.7% $144 / Sq Ft
07/16/2025 07/16/25 Price Changed $369,900 -7.5% $148 / Sq Ft
06/17/2025 06/17/25 For Sale $399,900 -- $161 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20252816

Northeast Iowa Regional Board of REALTORS®

APN: 8913-17-330-015