1207 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
OFF MARKET

$185,400

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,036 sqft (on 0.38 acres)

1207 Rainbow Dr, Waterloo, IA 50701

Refinance Your Home
Currently Off Market - Sold Mar 17, 2020 for $133,000

Home Value

Trulia Estimate
$185K
Since last month
Decreased$3K (-1.5%)
Since last year
Decreased$2K (-1.2%)
Since last sale
Increased$49K (+37.1%)
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 +48% in the last 10 years
MonthEstimated value
2026
September 2026$182K
August 2026$185K
July 2026$185K
June 2026$188K
May 2026$187K
April 2026$184K
March 2026$181K
February 2026$180K
January 2026$179K
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
1214 Pleasant Valley Dr, Waterloo, IA
0.09
Single-Family Home
$247,500
04/17/26
3
1.5
2,130
205 S Hackett Rd, Waterloo, IA
0.44
Single-Family Home
$172,400
12/10/25
3
1
1,120
111 Desoto Ave, Waterloo, IA
0.37
Single-Family Home
$186,500
06/18/26
3
1
1,008
432 Ardmore St, Waterloo, IA
0.36
Single-Family Home
$155,000
11/25/25
3
1
1,413
425 Auburn St, Waterloo, IA
0.39
Single-Family Home
$146,000
03/12/26
3
1
1,483
400 Woodbridge St, Waterloo, IA
0.32
Single-Family Home
$188,000
01/29/26
3
1
1,433
427 Wheeler Dr, Waterloo, IA
0.36
Single-Family Home
$194,000
06/29/26
3
1
1,419
520 Hanna Blvd, Waterloo, IA
0.47
Single-Family Home
$180,000
01/27/26
3
1
1,088
514 Woodbridge St, Waterloo, IA
0.43
Single-Family Home
$186,000
09/26/25
3
1
1,268
412 Hughes Dr, Waterloo, IA
0.36
Single-Family Home
$192,500
03/09/26
4
1
1,581

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
136 Valley Rd, Waterloo, IA 50701
0.08
$249,500
4
2
2,020
Off Market
1214 Pleasant Valley Dr, Waterloo, IA 50701
0.09
$247,500
3
1.5
2,130
Recently Sold
168 Valley Rd, Waterloo, IA 50701
0.12
$268,000
3
2
1,826
Off Market
209 Spieker Rd, Waterloo, IA 50701
0.12
$261,200
3
2
1,806
Off Market
125 Coral Dr, Waterloo, IA 50701
0.12
$306,500
3
3
1,561
Off Market
140 Faber Rd, Waterloo, IA 50701
0.15
$201,700
3
2
1,600
Off Market
220 Spieker Rd, Waterloo, IA 50701
0.15
$227,200
2
2.5
1,813
Off Market
1404 Rainbow Dr, Waterloo, IA 50701
0.15
$129,000
2
1
768
Off Market
227 Spieker Rd, Waterloo, IA 50701
0.17
$253,500
2
2
2,173
Recently Sold
1341 Pleasant Valley Dr, Waterloo, IA 50701
0.18
$217,500
3
1
1,956
Off Market
209 Zachary Ct, Waterloo, IA 50701
0.18
$300,400
3
2.5
2,008
Off Market

Local Information

  • Map ViewExplore the area around 1207 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1954
0.38 acre lot
1,036 sqft
$179/sqft
Garage

About this House

Located On The Perfectly Convenient Rainbow Drive, This Wonderful Ranch Home Is One To Jump At! Many Majors Have Been Updated (windows, Blinds, Roof, Siding, Kitchen, Bath), Allowing You To Move In Without Worry. The Large Yard, Horseshoe Drive, Oversized 2-Stalls Garage, Shed With Electricity, And Spacious Deck Make The Outdoor Spaces Of This Home Worth Noticing! Inside On The Main, You'll Find A Living Space, Updated Kitchen With New Cupboards And Backsplash, Three Bedrooms, And An Updated Full Bath. The Basement Is Crisp And Clean And Ready For You To Use As You Please. Be Sure To Schedule Your Showing Today!
1207 Rainbow Dr, Waterloo, IA 50701 is a 3 bedroom, 1 bathroom, 1,036 sqft single-family home built in 1954. It last sold for $133,000 on Mar 17, 2020. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $185,400, with a rent estimate of $1,428/month.

Home Details for 1207 Rainbow Dr

Interior Features

Heating & Cooling
Heating: GasAir ConditioningCooling System: CentralHeating Fuel: Gas
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet
Interior Details
Number of Rooms: 5Types of Rooms: Dining Room
Appliances & Utilities
DishwasherMicrowave

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: VinylFoundation Type: Concrete Block
Parking & Garage
GarageParking Spaces: 2Parking: Carport, Garage Detached

Property Information

Year Built
Year Built: 1954
Property Type / Style
Property Type: Single Family HomeArchitecture: A-frame

Lot Information

Lot Area: 0.38 acres

Price and Tax history

DateEventPrice
Mar 17, 2020
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20195976
Sold
$133,000
Jan 28, 2020
Source: Agent Provided
PendingToActive
$138,900
Jan 28, 2020
Source: Agent Provided
Pending
$138,900
Dec 3, 2019
Source: Agent Provided
PriceChange
$138,900
Price decreased by 3%
Nov 5, 2019
Source: Agent Provided
Listed For Sale
$143,000

Market trends in Waterloo

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$188K
$6KMoM
Sale-to-List Price
99.0%
0.1%MoM
Price per sq ft
$122
$3MoM
Available listings
257
15MoM

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. "
    2
    Flag
  • Tali S.
    "Very quiet neighborhood other than the occasional car driving by & faint sound of trains. Great neighbors, mostly homeowners with kids & elderly."
    1
    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 1207 Rainbow Dr

  • What is 1207 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 1207 Rainbow Dr in Waterloo, IA is $185,400.
  • What is the price history for 1207 Rainbow Dr?
    1207 Rainbow Dr in Waterloo, IA last sold for $133,000 in March 2020.
  • Is Waterloo a buyer's or seller's market?
    Waterloo is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Waterloo?
    The median sale price in Waterloo is $188K. That is down $6K from the prior month.
  • Does 1207 Rainbow Dr have air conditioning?
    Yes, 1207 Rainbow Dr in Waterloo, IA has air conditioning.
  • How big is the lot at 1207 Rainbow Dr?
    The lot at 1207 Rainbow Dr in Waterloo, IA is about 0.38 acres (16,683 sq ft).

Explore by feature - Pet Friendly

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