1404 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
OFF MARKET

$129,500

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 768 sqft (on 0.34 acres)

1404 Rainbow Dr, Waterloo, IA 50701

Est. Refi. Payment $921/mo*
Refinance Your Home
Currently Off Market - Sold May 28, 2025 for $125,000

Home Value

Trulia Estimate
$130K
Since last month
Increased$300 (+0.2%)
Since last year
Increased$4K (+3.2%)
Since last sale
Increased$4K (+3.5%)
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 +82% in the last 10 years
MonthEstimated value
2026
September 2026$129K
August 2026$129K
July 2026$129K
June 2026$126K
May 2026$125K
April 2026$125K
March 2026$124K
February 2026$124K
January 2026$125K
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
111 Desoto Ave, Waterloo, IA
0.22
Single-Family Home
$186,500
06/18/26
3
1
1,008
205 S Hackett Rd, Waterloo, IA
0.31
Single-Family Home
$172,400
12/10/25
3
1
1,120
208 Desoto Ave, Waterloo, IA
0.28
Single-Family Home
$200,000
04/16/26
2
1
1,504
1214 Pleasant Valley Dr, Waterloo, IA
0.21
Single-Family Home
$247,500
04/17/26
3
1.5
2,130
2031 Rainbow Dr, Waterloo, IA
0.60
Single-Family Home
$139,500
01/09/26
2
1
1,118
301 S Hackett Rd, Waterloo, IA
0.34
Single-Family Home
$70,000
05/15/26
3
1
912
432 Ardmore St, Waterloo, IA
0.48
Single-Family Home
$155,000
11/25/25
3
1
1,413
227 Spieker Rd, Waterloo, IA
0.30
Single-Family Home
$253,500
08/10/26
2
2
2,173
1712 Rainbow Dr, Waterloo, IA
0.30
Single-Family Home
$198,500
03/13/26
3
2
1,514
427 Wheeler Dr, Waterloo, IA
0.45
Single-Family Home
$194,000
06/29/26
3
1
1,419

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
1434 Rainbow Dr, Waterloo, IA 50701
0.06
$230,000
5
2
2,290
Recently Sold
140 Faber Rd, Waterloo, IA 50701
0.10
$200,800
3
2
1,600
Off Market
136 Valley Rd, Waterloo, IA 50701
0.12
$250,000
4
2
2,020
Off Market
170 Letsch Rd, Waterloo, IA 50701
0.17
$167,000
3
1
1,056
Off Market
132 Desoto Ave, Waterloo, IA 50701
0.22
$295,000
3
2
1,944
Recently Sold
107 Brayden Ln, Waterloo, IA 50701
0.19
$307,300
2
2
1,554
Off Market
168 Valley Rd, Waterloo, IA 50701
0.18
$268,100
3
2
1,826
Off Market
111 Desoto Ave, Waterloo, IA 50701
0.22
$186,500
3
1
1,008
Recently Sold
1341 Pleasant Valley Dr, Waterloo, IA 50701
0.20
$216,700
3
1
1,956
Off Market
133 Desoto Ave, Waterloo, IA 50701
0.24
$187,600
2
1.5
1,662
Off Market
1214 Pleasant Valley Dr, Waterloo, IA 50701
0.21
$247,500
3
1.5
2,130
Recently Sold

Local Information

  • Map ViewExplore the area around 1404 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1955
0.34 acre lot
768 sqft
$169/sqft

About this House

What's unique:Classic stone exteriorFresh paint throughoutWasher and dryer
Great 2 Bedroom 1 Bath Ranch with Stone exterior. Kitchen Stove & Refrigerator Included Plus Washer & Dryer. Currently Rented at $800.00 Mo.
1404 Rainbow Dr, Waterloo, IA 50701 is a 2 bedroom, 1 bathroom, 768 sqft single-family home built in 1955. It last sold for the $125,000 asking price on May 28, 2025. More recently, it was listed as a rental in January 2026 with an asking price of $875 per month. That rental listing was removed on February 24, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $129,500, with a rent estimate of $1,026/month.
Last check for updates: about 14 hours ago
Listed by Jason Strelow, (319) 961-3000
Berkshire Hathaway Home Services One Realty Centre
Bought with: Kevin Harberts, (319) 240-3683, Berkshire Hathaway Home Services One Realty Centre
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20251993

Home Details for 1404 Rainbow Dr

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 6Types of Rooms: Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 768 Square Feet
Appliances & Utilities
Appliances: Disposal, Free-Standing Range, Refrigerator, Gas Water HeaterDisposalLaundry: 1st Floor,Laundry ClosetRefrigerator
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo Fireplace
View
Has a ViewView: Valley
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: Shingle Asphalt
Parking & Garage
Parking: None
Frontage
Road Surface Type: Concrete, Hard Surface Road
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1955
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: StoneNo Additional Parcels
Property Information
Parcel Number: 891321126003

Price & Status

Price
List Price: $125,000
Status Change & Dates
Off Market Date: Mon May 05 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: Waterloo
School Information
Elementary School: Fred Becker ElementaryJr High / Middle School: Central IntermediateHigh School: West High

Lot Information

Lot Area: 0.34 acres

Listing Info

Special Conditions: Standard

Miscellaneous

Mls Number: 20251993

Price and Tax history

DateEventPrice
Feb 24, 2026
Source: Zillow Rentals
ListingRemoved
$875
Jan 28, 2026
Source: Zillow Rentals
Listed For Rent
$875
May 28, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20251993
Sold
$125,000
May 5, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20251993
Pending
$125,000
Jun 20, 2017
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20172307
Sold
$62,500

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

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Based on information submitted to the MLS GRID as of 2026-09-23 09:57:20 PDT. 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. Click here for more information

Frequently asked questions about 1404 Rainbow Dr

  • What is 1404 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 1404 Rainbow Dr in Waterloo, IA is $129,500.
  • What is the price history for 1404 Rainbow Dr?
    1404 Rainbow Dr in Waterloo, IA last sold for $125,000 in May 2025.
  • 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 1404 Rainbow Dr have air conditioning?
    Yes, 1404 Rainbow Dr in Waterloo, IA has air conditioning.
  • Does 1404 Rainbow Dr have laundry facilities?
    Yes, 1404 Rainbow Dr in Waterloo, IA has laundry facilities.

Explore by feature - Pet Friendly

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Off Market Homes Near 1404 Rainbow Dr

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