1434 Rainbow Dr, Waterloo, IA 50701
FOR SALE
0.86 ACRES

1434 Rainbow Dr
Waterloo, IA 50701

  • 5 Beds
  • 2 Baths
  • 2,290 sqft (on 0.86 acres)

$234,900

Original price: $254,900

$234,900

Original price: $254,900
5 Beds
2 Baths
2,290 sqft
(on 0.86 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Welcome to 1434 Rainbow Drive in Waterloo! This spacious 5-bedroom, 2-bath home offers a wonderful blend of comfort, updates, and location. Fresh paint throughout gives the home a clean, modern feel, while two fireplaces provide warmth and character in multiple living spaces. Enjoy peaceful views of the forest and pond right from your backyard, with a walking trail just steps away. Conveniently located off Greenhill Road with excellent access to shopping, schools, and major routes, including the new Waterloo school currently under development just minutes away. With many recent updates and a setting that’s hard to beat, this home is ready for its next chapter.

Home Highlights

Parking
2 Parking Spaces
Outdoor
Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
$103
Listed
77 days ago

Home Details for 1434 Rainbow Dr

Interior Features

Interior Details
Basement: Block,Partially FinishedNumber of Rooms: 3
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 2290 Square Feet
Appliances & Utilities
Appliances: Appliances Negotiable, Gas Water HeaterLaundry: Lower Level
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: MultipleHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Floors: Hardwood
View
Has a ViewView: Lake, Water
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: DeckOther Structures: Storage
Parking & Garage
Number of Carport Spaces: 2Number of Covered Spaces: 2Parking Spaces: 2Parking: 2 Stall
Frontage
Road Surface Type: Concrete, Hard Surface Road
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (below surface): 1000 Square Feet

Days on Market

Cumulative Days on Market: 72Days on Market: 77

Property Information

Year Built
Year Built: 1952
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Vinyl SidingNo Additional Parcels
Property Information
Parcel Number: 891316377003

Price & Status

Price
List Price: $234,900Price Per Sqft: $103

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Waterloo
School Information
Elementary School: Fred Becker ElementaryJr High / Middle School: CentralHigh School: East High

Agent Information

Listing Agent
Listing ID: 20260663

HOA

HOA Fee: No HOA Fee

Lot Information

Lot Area: 0.86 acres

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 20260663Water ViewWater View: Lake, Water
Last check for updates: about 3 hours ago
Listing courtesy of Lance Bertram, (319) 239-9796
Fischels Residential Group
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20260663
Also Listed on Northeast Iowa Regional BOR as distributed by MLS GRID.

Price History for 1434 Rainbow Dr

DatePriceEventSource
04/21/2026$234,900PriceChange
Northeast Iowa Regional BOR as distributed by MLS GRID #20260663
04/13/2026$254,900PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20260663
04/10/2026$254,900PriceChange
Northeast Iowa Regional BOR as distributed by MLS GRID #20260663
03/18/2026$259,900PriceChange
Northeast Iowa Regional BOR as distributed by MLS GRID #20260663
03/10/2026$269,900PriceChange
Northeast Iowa Regional BOR as distributed by MLS GRID #20260663
03/02/2026$279,900PriceChange
Northeast Iowa Regional BOR as distributed by MLS GRID #20260663
02/18/2026$289,900Listed For SaleNortheast Iowa Regional BOR as distributed by MLS GRID #20260663
11/08/2005$133,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$4,337
Assessment$255,020
Home facts updated by county records

Comparable Sales for 1434 Rainbow Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
216 Letsch Rd, Waterloo, IA
0.24
Single-Family Home
$236,550
06/20/25
4
2
1,890
1712 Rainbow Dr, Waterloo, IA
0.24
Single-Family Home
$198,500
03/13/26
3
2
1,514
1817 Rainbow Dr, Waterloo, IA
0.34
Single-Family Home
$224,900
12/22/25
4
2
1,512
320 Valley Rd, Waterloo, IA
0.40
Single-Family Home
$230,500
04/23/26
4
2
2,246
114 Hanna Blvd, Waterloo, IA
0.43
Single-Family Home
$232,000
03/06/26
4
2
2,214
247 Lambeth Rd, Waterloo, IA
0.54
Single-Family Home
$309,900
08/11/25
5
2.5
2,334
205 S Hackett Rd, Waterloo, IA
0.26
Single-Family Home
$172,400
12/10/25
3
1
1,120
1918 Castle St, Waterloo, IA
0.42
Single-Family Home
$160,000
09/29/25
3
1.5
1,642
1214 Pleasant Valley Dr, Waterloo, IA
0.26
Single-Family Home
$247,500
04/17/26
3
1.5
2,130
313 Westbourne Rd, Waterloo, IA
0.39
Single-Family Home
$230,000
02/20/26
3
2
2,107

Assigned Schools

These are the assigned schools for 1434 Rainbow Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Waterloo

At least 262 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 83 % Say yards are well-kept

  • 80 % Say parking is easy

  • 78 % Say it's dog friendly

  • 70 % Say there's holiday spirit

  • 65 % Say kids play outside

  • 64 % Say there are sidewalks

  • 49 % Say it's quiet

  • 47 % Say neighbors are friendly

  • 46 % Say people would walk alone at night

  • 44 % Say streets are well-lit

  • 43 % 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

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

Lance Bertram, Fischels Residential Group
Agent Phone: (319) 239-9796
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 2026-05-06 11:42:18 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
1434 Rainbow Dr, Waterloo, IA 50701 is a 5 bedroom, 2 bathroom, 2,290 sqft single-family home built in 1952. This property is currently available for sale and was listed by Northeast Iowa Regional BOR as distributed by MLS GRID on Feb 18, 2026. The MLS # for this home is MLS# 20260663.