1150 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
OFF MARKET

$287,500

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 1,560 sqft (on 1.12 acres)

1150 Rainbow Dr, Waterloo, IA 50701

Est. Refi. Payment $1,891/mo*
Refinance Your Home
Currently Off Market - Sold Sep 21, 2018 for $214,900

Home Value

Trulia Estimate
$288K
Since last month
Increased$2K (+0.8%)
Since last year
Increased$2K (+0.6%)
Since last sale
Increased$72K (+33.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +59% in the last 10 years
MonthEstimated value
2026
August 2026$287K
July 2026$285K
June 2026$289K
May 2026$289K
April 2026$284K
March 2026$277K
February 2026$273K
January 2026$274K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
227 Spieker Rd, Waterloo, IA
0.20
Single-Family Home
$253,500
08/10/26
2
2
2,173
1434 Rainbow Dr, Waterloo, IA
0.27
Single-Family Home
$230,000
06/18/26
5
2
2,290
211 Auburn St, Waterloo, IA
0.20
Single-Family Home
$235,000
03/02/26
3
2
1,628
132 Desoto Ave, Waterloo, IA
0.42
Single-Family Home
$295,000
08/06/26
3
2
1,944
1530 Maxine Ave, Waterloo, IA
0.24
Single-Family Home
$212,500
09/29/25
3
2
1,650
114 Hanna Blvd, Waterloo, IA
0.17
Single-Family Home
$232,000
03/06/26
4
2
2,214
411 Beverly Hills St, Waterloo, IA
0.35
Single-Family Home
$200,000
07/29/26
3
2
1,672
1214 Pleasant Valley Dr, Waterloo, IA
0.15
Single-Family Home
$247,500
04/17/26
3
1.5
2,130
807 Maynard Ave, Waterloo, IA
0.62
Single-Family Home
$150,000
06/22/26
2
2
1,421
1712 Rainbow Dr, Waterloo, IA
0.51
Single-Family Home
$198,500
03/13/26
3
2
1,514

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
125 Coral Dr, Waterloo, IA 50701
0.06
$308,300
3
3
1,561
Off Market
1214 Pleasant Valley Dr, Waterloo, IA 50701
0.15
$247,500
3
1.5
2,130
Recently Sold
136 Valley Rd, Waterloo, IA 50701
0.17
$249,500
4
2
2,020
Off Market
209 Spieker Rd, Waterloo, IA 50701
0.16
$262,000
3
2
1,806
Off Market
95 Joy Dr, Waterloo, IA 50701
0.16
$185,100
3
1
1,440
Off Market
209 Zachary Ct, Waterloo, IA 50701
0.17
$301,800
3
2.5
2,008
Off Market
1404 Rainbow Dr, Waterloo, IA 50701
0.21
$128,600
2
1
768
Off Market
168 Valley Rd, Waterloo, IA 50701
0.20
$269,400
3
2
1,826
Off Market
211 Auburn St, Waterloo, IA 50701
0.20
$235,000
3
2
1,628
Recently Sold
220 Spieker Rd, Waterloo, IA 50701
0.20
$226,400
2
2.5
1,813
Off Market
227 Spieker Rd, Waterloo, IA 50701
0.20
$253,500
2
2
2,173
Recently Sold
140 Faber Rd, Waterloo, IA 50701
0.23
$202,800
3
2
1,600
Off Market

Local Information

  • Map ViewExplore the area around 1150 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1900
Lot Size
1.12 acres
Living Area
1,560 sqft
Price/Sqft
$184
Parking
Garage

About this House

Here's that rare opportunity to own an in-town acreage!! This 2-3 bedroom home is situated on a private 1.1 acre lot and features an amazing 36 X 50 building with concrete floor. This property offers 1560 sq ft of comfortable living space with an additional 676 sq ft enclosed porch. Main level features a kitchen/dining combo, living room with gas fireplace and plenty of windows, 1/2 bath and access to enclosed porch that features a 50's diner flare with built-in booths and juke boxes. Upper level offers 2-3 bedrooms and a full bath. In addition to the outbuilding there is a 26 x 26 attached garage for your vehicles. Subject to seller securing suitable property.
1150 Rainbow Dr, Waterloo, IA 50701 is a 2 bedroom, 2 bathroom, 1,560 sqft single-family home built in 1900. It last sold for $214,900 on Sep 21, 2018. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $287,500, with a rent estimate of $1,582/month.

Home Details for 1150 Rainbow Dr

Interior Features

Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile, Carpet
Interior Details
Number of Rooms: 6
Appliances & Utilities
Dishwasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: VinylFoundation Type: Concrete Block
Parking & Garage
GarageParking: Carport, Garage Attached, Garage Detached

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Single Family HomeArchitecture: A-frame

Lot Information

Lot Area: 1.12 acres

Price and Tax history

DateEventPrice
Sep 21, 2018
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20184038
Sold
$214,900
Jul 26, 2018
Source: Agent Provided
Listed For Sale
$214,900
May 14, 2012
Source: N/A
ListingRemoved
$200,000
Sep 29, 2011
Source: N/A
Listed For Sale
$200,000
Feb 27, 2006
Source: N/A
Sold
$172,000

Market trends in Waterloo

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$194K
$6KMoM
Sale-to-List Price
99.1%
0.1%MoM
Price per sq ft
$126
$0MoM
Available listings
242
5MoM

Around this home

What Locals Say about Waterloo

At least 264 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 83 % Say yards are well-kept

  • 80 % Say parking is easy

  • 77 % Say it's dog friendly

  • 70 % Say there's holiday spirit

  • 66 % Say kids play outside

  • 64 % Say there are sidewalks

  • 48 % Say it's quiet

  • 47 % Say neighbors are friendly

  • 47 % Say people would walk alone at night

  • 44 % Say streets are well-lit

  • 42 % Say there's wildlife

  • 42 % Say they plan to stay for at least 5 years

  • 33 % Say it's walkable to grocery stores

  • 29 % Say it's walkable to restaurants

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Misslindsayb
    "Centrally located, traffic can be heavy/frustrating. You can make good time if you hit the stoplights just right, which is hard to do most days. "
    0
    Flag
  • Susanward13
    "Consider this a safe neighborhood and there are lots of kids living here. A policeman lives on the street."
    0
    Flag
  • Jovanti Rucker
    "It is very busy most of the time the light are a headache. They’re a lot of lights to go through to get to where I need to go."
    0
    Flag
  • Dontreal3
    "It’s ok. It’s not the worst but it’s also not the best. "
    0
    Flag
  • Trulia User
    "Peacefully quiet neighborhood. neighbors keep to themselves mostly. Alot of dogs throughout the whole area, which is nice to know, it's a pet friendly area to live in. "
    4
    Flag
  • Trulia User
    "I’ve lived here for years mostly everybody that lives in the neighborhood is really nice & friendly but I live with my dad & trying to find my own apartment right now. "
    4
    Flag
  • Susan.wirtjes
    "This is a safe and friendly neighborhood. Kids play outside. We are close to good schools. Shopping is close by. "
    8
    Flag
  • Dominique K. .
    " The community is really good if you get into people like that. There is not a lot to do around here unless you have money. There are a lot of trains around. People have dogs around here a lot and I hear gunshots a lot. I grew up here so I don’t find it very exciting. Most people got to work come home and stay away from each other. "
    1
    Flag
  • Tali S.
    "Very quiet neighborhood other than the occasional car driving by & faint sound of trains. Great neighbors, mostly homeowners with kids & elderly."
    0
    Flag
  • Lache S.
    "... I don’t know I been here only a year and aside from the bad I seen few good most people stay to they self "
    0
    Flag
  • Holly W.
    "schools are over crowded and children are often let slip through the cracks in the education system here "
    1
    Flag
  • Charles A.
    "15 minutes to work. Waterloo is easy to get around and not a lot of traffic .... zzzz xxdrc then. Gyyhbb"
    1
    Flag
  • Lamont S.
    "Lots of retirees here now. Mixed bag for the rest. I had seen several first time owners buying in. Plenty of remodeling and renovations going on now too."
    4
    Flag
  • Trulia User
    "it has some nice people, with sketchy people mixed in. it's too loud with harleys speeding hard through here and people thumping music too loud at all hours. I would not recommend this neighborhood to a young professional person. "
    0
    Flag
  • Kimmy21920
    "Convenient location and traffic is not as congested as the big city. Used to be a great place, but not so much anymore."
    1
    Flag
  • Mkesterson79
    "Listening to gun shots and train whistles at night to fall asleep to. Creates a uniquely unpleasant experience. "
    0
    Flag
  • Trulia User
    "Would love a dog park close by, or even respectful owners who pick up after their dog when they walk them"
    6
    Flag
  • Chris Wright
    "I lived in neighborhood for ten years as a kid, I always love the area, would love to own a house in that again, hope in very near future."
    1
    Flag
  • Mary Sue Adams
    "Safe streets, quality neighbors,clean, near a park,rural feeling- plenty of room between everyone. Lots of family and open spaces, but still near shopping and eats."
    3
    Flag
  • Kathy Cox White Dickerson
    "I moved to this neighborhood last summer and love it. I feel safe and secure,and neighbors are very nice."
    0
    Flag
  • Aley S.
    "Is a small neighborhood and quite and seems like a very lovely place to have a family and there are a lot of kid in the neighborhood "
    2
    Flag
  • Aschot12
    "It's better than north Waterloo for crime and lots of shade trees. It's nice to be near to 4th street for convenience even with traffic noise. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1150 Rainbow Dr

  • What is 1150 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 1150 Rainbow Dr in Waterloo, IA is $287,500.
  • What is the price history for 1150 Rainbow Dr?
    1150 Rainbow Dr in Waterloo, IA last sold for $214,900 in September 2018.
  • Is Waterloo a buyer's or seller's market?
    Waterloo is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Waterloo?
    The median sale price in Waterloo is $194K. That is up $6K from the prior month.
  • Does 1150 Rainbow Dr have air conditioning?
    Yes, 1150 Rainbow Dr in Waterloo, IA has air conditioning.
  • How big is the lot at 1150 Rainbow Dr?
    The lot at 1150 Rainbow Dr in Waterloo, IA is about 1.1 acres.

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Off Market Homes Near 1150 Rainbow Dr

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