1413 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
OFF MARKET

$243,200

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,750 sqft (on 0.37 acres)

1413 Rainbow Dr, Waterloo, IA 50701

Refinance Your Home
Currently Off Market - Sold Jun 7, 2023 for $142,000

Home Value

Trulia Estimate
$243K
Since last month
Decreased$3K (-1.1%)
Since last year
Increased$29K (+13.5%)
Since last sale
Increased$102K (+71.5%)
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 +79% in the last 10 years
MonthEstimated value
2026
August 2026$244K
August 2026$243K
July 2026$246K
June 2026$249K
May 2026$231K
April 2026$227K
March 2026$223K
February 2026$212K
January 2026$213K
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
1712 Rainbow Dr, Waterloo, IA
0.28
Single-Family Home
$198,500
03/13/26
3
2
1,514
206 S Hackett Rd, Waterloo, IA
0.33
Single-Family Home
$218,000
08/07/26
3
2
1,950
1535 Maxine Ave, Waterloo, IA
0.39
Single-Family Home
$279,900
09/02/26
3
2
1,748
1918 Castle St, Waterloo, IA
0.44
Single-Family Home
$160,000
09/29/25
3
1.5
1,642
1214 Pleasant Valley Dr, Waterloo, IA
0.20
Single-Family Home
$247,500
04/17/26
3
1.5
2,130
131 Niagara Dr, Waterloo, IA
0.46
Single-Family Home
$216,000
05/18/26
3
2
1,596
1434 Rainbow Dr, Waterloo, IA
0.06
Single-Family Home
$230,000
06/18/26
5
2
2,290
211 Auburn St, Waterloo, IA
0.39
Single-Family Home
$235,000
03/02/26
3
2
1,628
132 Desoto Ave, Waterloo, IA
0.21
Single-Family Home
$295,000
08/06/26
3
2
1,944
227 Spieker Rd, Waterloo, IA
0.30
Single-Family Home
$253,500
08/10/26
2
2
2,173

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
140 Faber Rd, Waterloo, IA 50701
0.08
$201,700
3
2
1,600
Off Market
1404 Rainbow Dr, Waterloo, IA 50701
0.04
$129,000
2
1
768
Off Market
1434 Rainbow Dr, Waterloo, IA 50701
0.06
$230,000
5
2
2,290
Recently Sold
170 Letsch Rd, Waterloo, IA 50701
0.13
$168,400
3
1
1,056
Off Market
136 Valley Rd, Waterloo, IA 50701
0.12
$249,500
4
2
2,020
Off Market
107 Brayden Ln, Waterloo, IA 50701
0.15
$306,300
2
2
1,554
Off Market
1625 Pleasant Valley Dr, Waterloo, IA 50701
0.18
$325,500
4
3
2,278
Off Market
1341 Pleasant Valley Dr, Waterloo, IA 50701
0.17
$217,500
3
1
1,956
Off Market
168 Valley Rd, Waterloo, IA 50701
0.17
$268,000
3
2
1,826
Off Market
216 Letsch Rd, Waterloo, IA 50701
0.19
$244,700
4
2
1,890
Off Market

Local Information

  • Map ViewExplore the area around 1413 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1957
0.37 acre lot
1,750 sqft
$139/sqft
Garage

About this House

Beautiful ranch style home in a great area! Entrance to bike trails right down the street, right in between Cedar Falls and Waterloo. House has been completely remodeled on the inside and is in great shape on the outside (vinyl siding). Main floor has original hardwood floors in beautiful condition in living room, hallway and 2 bedrooms. Luxury vinyl flooring installed in the rest of main floor: bathroom, dining room, and kitchen. Bathroom has new tub and gorgeous subway tiled walls. Brand new floating vanity, toilet and light fixtures as well. Kitchen has all brand new white soft close cabinets, stainless steel appliances (fridge, dishwasher, stove), along with grey subway tile backsplash and quartz countertops. Kitchen/dining/living room is spacious and open, and there is a huge 8 foot sliding door off the dining room going out to the back deck. There is also the cutest little screened-in porch in the back for those Iowa nights when the mosquitos are just too much to handle! Basement is also completely remodeled with luxury vinyl flooring, an additional living area and bedroom along with a bathroom with stand-up shower. Huge laundry room/storage area also located in the basement. New furnace and A/C, new fixtures, ceiling fans, doors, keyless entry on front and back doors, pretty much everything is NEW! There is a carport going into a 1 stall attached garage plus a great 2 stall garage down the driveway. This house is a must-see!!!

Realtors are welcomed - call to talk about commission!
1413 Rainbow Dr, Waterloo, IA 50701 is a 3 bedroom, 2 bathroom, 1,750 sqft single-family home built in 1957. It last sold for $142,000 on Jun 7, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $243,200, with a rent estimate of $1,716/month.

Home Details for 1413 Rainbow Dr

Interior Features

Interior Details
BasementNumber of Rooms: 6Types of Rooms: Dining Room, Laundry Room, Recreation RoomCeiling Fan
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Other, Hardwood
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerRefrigeratorWasher
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: Shake ShingleDeckExterior: VinylFoundation Type: Concrete BlockLawnPatioPorch
Parking & Garage
GarageParking Spaces: 8Parking: Carport, Garage Attached, Garage Detached

Property Information

Year Built
Year Built: 1957
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Lot Information

Lot Area: 0.37 acres

Price and Tax history

DateEventPrice
Dec 18, 2023
Source: N/A
ListingRemoved
Sep 19, 2023
Source: N/A
Listed For Sale
$239,000
Jun 7, 2023
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20232283
Sold
$142,000

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 1413 Rainbow Dr

  • What is 1413 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 1413 Rainbow Dr in Waterloo, IA is $243,200.
  • What is the price history for 1413 Rainbow Dr?
    1413 Rainbow Dr in Waterloo, IA last sold for $142,000 in June 2023.
  • 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 1413 Rainbow Dr have air conditioning?
    Yes, 1413 Rainbow Dr in Waterloo, IA has air conditioning.
  • Does 1413 Rainbow Dr have laundry facilities?
    Yes, 1413 Rainbow Dr in Waterloo, IA has in-unit laundry.

Explore by feature - Pet Friendly

68 pet-friendly rentals in Waterloo, IA

Explore by feature - Garage

37 rentals with a garage in Waterloo, IA

Explore by feature - Air Conditioning

62 rentals with air conditioning in Waterloo, IA

Explore by feature - Washer/dryer

54 rentals with a washer/dryer in Waterloo, IA

Explore by feature - Outdoor Space

10 rentals with an outdoor space in Waterloo, IA

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 1413 Rainbow Dr

Skip to last item
Skip to first item

Homes for sale near 1413 Rainbow Dr

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item