1617 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
OFF MARKET

1617 Rainbow Dr
Waterloo, IA 50701

  • 4 Beds
  • 2 Baths
  • 2,520 sqft (on 0.97 acres)

$319,600

Trulia Estimate
as of Jul 7, 2026

$319,600

Trulia Estimate
as of Jul 7, 2026
4 Beds
2 Baths
2,520 sqft
(on 0.97 acres)

Local Information

  • Map ViewExplore the area around 1617 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Beautiful home with classic hard wood flooring and trim. This property is just under an acre and has been almost completely remodeled throughout. With recent updates to both bathrooms & kitchen this home is spectacular. Formal dining and eat in kitchen with an island are great for entertaining. While the wood fireplace and large living room make for fun family gatherings. Double garage, play set and garden areas for the outdoor folks. With direct access to Rainbow drive and Greenhill road this property also gives you quick access around town.
1617 Rainbow Dr, Waterloo, IA 50701 is a 4 bedroom, 2 bathroom, 2,520 sqft single-family home built in 1930. It last sold for $160,000 on Sep 12, 2016. It is currently off market. The Trulia Estimate is $319,600, with a rent estimate of $1,680/month.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 1617 Rainbow Dr

Interior Features

Interior Details
BasementNumber of Rooms: 7Types of Rooms: Breakfast Nook, Dining Room, Mud Room, Office
Heating & Cooling
Heating: Forced Air, Gas, Wood PelletAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Hardwood
Appliances & Utilities
Dishwasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: VinylFoundation Type: Concrete BlockGardenLawn
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1930
Property Type / Style
Property Type: Single Family HomeArchitecture: A-frame

Lot Information

Lot Area: 0.97 acres

Mobile R/V

RV Parking
Rv Parking

Price History for 1617 Rainbow Dr

DatePriceEventSource
09/12/2016$160,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20156999
12/17/2010$160,000Sold
N/A
02/19/2009$141,705Sold
N/A

Market trends in Waterloo

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$176K
$20.75KMoM
Sale-to-List Price
97.9%
0.3%MoM
Price per sq ft
$121
$9MoM
Available listings
221
11MoM
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Property Tax and Assessment

Year2025
Tax$5,068
Assessment$271,080
Home facts updated by county records

Comparable Sales for 1617 Rainbow Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1434 Rainbow Dr, Waterloo, IA
0.18
Single-Family Home
$230,000
06/18/26
5
2
2,290
1712 Rainbow Dr, Waterloo, IA
0.09
Single-Family Home
$198,500
03/13/26
3
2
1,514
1817 Rainbow Dr, Waterloo, IA
0.17
Single-Family Home
$224,900
12/22/25
4
2
1,512
131 Niagara Dr, Waterloo, IA
0.25
Single-Family Home
$216,000
05/18/26
3
2
1,596
1918 Castle St, Waterloo, IA
0.24
Single-Family Home
$160,000
09/29/25
3
1.5
1,642
205 S Hackett Rd, Waterloo, IA
0.09
Single-Family Home
$172,400
12/10/25
3
1
1,120
313 Westbourne Rd, Waterloo, IA
0.23
Single-Family Home
$230,000
02/20/26
3
2
2,107
247 Lambeth Rd, Waterloo, IA
0.37
Single-Family Home
$309,900
08/11/25
5
2.5
2,334
1823 Rainbow Dr, Waterloo, IA
0.18
Single-Family Home
$190,000
10/15/25
3
2
1,198
3709 Cadillac Dr, Waterloo, IA
0.44
Single-Family Home
$198,000
02/06/26
3
1
1,996

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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  • 111 Desoto Ave, Waterloo, IA 50701
    SOLD
    JUN 18, 2026
    $186,500
    3 bd
    1 ba
    1,008 sqft
    111 Desoto Ave,
    Waterloo, IA 50701
    Dean Noland, Berkshire Hathaway Home Services One Realty Centre, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 205 S Hackett Rd, Waterloo, IA 50701
    SOLD
    DEC 10, 2025
    $172,400
    3 bd
    1 ba
    1,120 sqft
    205 S Hackett Rd,
    Waterloo, IA 50701
    Jordan Tranbarger, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 1723 Rainbow Dr, Waterloo, IA 50701
    OFF MARKET
    Est. $230,800
    2 bd
    1.5 ba
    1,366 sqft
    1723 Rainbow Dr,
    Waterloo, IA 50701
    Dean Noland, Berkshire Hathaway Home Services One Realty Centre, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 141 S Hackett Rd, Waterloo, IA 50701
    OFF MARKET
    Est. $275,700
    3 bd
    3 ba
    2,228 sqft
    141 S Hackett Rd,
    Waterloo, IA 50701
    Colleen Tierney, RE/MAX Concepts - Cedar Falls, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 1712 Rainbow Dr, Waterloo, IA 50701
    SOLD
    MAR 13, 2026
    $198,500
    3 bd
    2 ba
    1,514 sqft
    1712 Rainbow Dr,
    Waterloo, IA 50701
    Justin Reuter, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 133 Desoto Ave, Waterloo, IA 50701
    OFF MARKET
    Est. $183,300
    2 bd
    1.5 ba
    1,662 sqft
    133 Desoto Ave,
    Waterloo, IA 50701
    Cole Stricker, Smart Wolf Realty, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 1720 Rainbow Dr, Waterloo, IA 50701
    OFF MARKET
    Est. $211,200
    3 bd
    2 ba
    1,748 sqft
    1720 Rainbow Dr,
    Waterloo, IA 50701
    Bobby Kastli, Jr, Structure Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 211 Desoto Ave, Waterloo, IA 50701
    OFF MARKET
    Est. $136,300
    2 bd
    1 ba
    920 sqft
    211 Desoto Ave,
    Waterloo, IA 50701
    Justin Reuter, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 1434 Rainbow Dr, Waterloo, IA 50701
    SOLD
    JUN 18, 2026
    $230,000
    5 bd
    2 ba
    2,290 sqft
    1434 Rainbow Dr,
    Waterloo, IA 50701
    Lance Bertram, Fischels Residential Group, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 1473 Oakcrest Dr, Waterloo, IA 50701
    OFF MARKET
    Est. $399,900
    5 bd
    3.5 ba
    3,351 sqft
    1473 Oakcrest Dr,
    Waterloo, IA 50701
    Amy Wienands, AWRE, EXP Realty, LLC, Northeast Iowa Regional BOR as distributed by MLS GRID
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Assigned Schools

These are the assigned schools for 1617 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 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

  • 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

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

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Apartments for Rent

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Homes for sale near 1617 Rainbow Dr

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Off Market Homes Near 1617 Rainbow Dr

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