401 Dearborn Ave Waterloo, IA 50703
Neighbors for Life NeighborhoodEstimated payment $508/month
Highlights
- 1 Car Detached Garage
- Forced Air Heating and Cooling System
- 5-minute walk to Cedar Park
About This Home
Presenting a versatile real estate opportunity, this charming single-family home offers immense potential for both savvy investors seeking a reliable income stream and first-time homebuyers looking for an accessible entry point into homeownership. Currently operating as a sound rental property with a consistent history, it can be seamlessly maintained as an investment to immediately generate passive income. Alternatively, its comfortable layout, manageable size, and appealing location make it an ideal starter home, providing a fantastic foundation for those ready to leave renting behind and build equity. This property delivers exceptional flexibility, serving dual roles as a stable asset or a comfortable personal residence ready for your vision. Seller is a licensed Realtor in the State of Iowa. There are additional properties for sale, reach out or have your agent reach out for the current list.
Listing Agent
RE/MAX Concepts - Cedar Falls License #B59768000 Listed on: 11/14/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,064
Year Built
- Built in 1949
Lot Details
- 5,000 Sq Ft Lot
- Lot Dimensions are 125 x 40
- Property is zoned R-2
Parking
- 1 Car Detached Garage
Home Design
- 660 Sq Ft Home
- Block Foundation
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Highland Elementary School
- George Washington Carver Academy Middle School
- East High School
Utilities
- Forced Air Heating and Cooling System
Community Details
- Blowers Addition Subdivision
Listing and Financial Details
- Assessor Parcel Number 891230327006
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,064 | $57,450 | $6,300 | $51,150 |
| 2024 | $1,064 | $49,070 | $6,300 | $42,770 |
| 2023 | $928 | $49,070 | $6,300 | $42,770 |
| 2022 | $904 | $42,240 | $6,300 | $35,940 |
| 2021 | $926 | $42,240 | $6,300 | $35,940 |
| 2020 | $714 | $40,860 | $4,920 | $35,940 |
| 2019 | $714 | $40,860 | $4,920 | $35,940 |
| 2018 | $716 | $40,860 | $4,920 | $35,940 |
| 2017 | $742 | $40,860 | $4,920 | $35,940 |
| 2016 | $730 | $40,860 | $4,920 | $35,940 |
| 2015 | $730 | $40,860 | $4,920 | $35,940 |
| 2014 | $674 | $37,870 | $4,920 | $32,950 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/14/2025 12/14/25 | Pending | -- | -- | -- | |
| 11/14/2025 11/14/25 | For Sale | $80,000 | +77.8% | $121 / Sq Ft | |
| 06/07/2019 06/07/19 | Sold | $45,000 | -6.3% | $68 / Sq Ft | View Prior Sale |
| 04/20/2019 04/20/19 | Pending | -- | -- | -- | |
| 04/19/2019 04/19/19 | For Sale | $48,000 | -- | $73 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $45,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $39,000 | New Conventional |
Source: Northeast Iowa Regional Board of REALTORS®
MLS Number: NBR20255996
APN: 8912-30-327-006
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