1723 Rainbow Dr, Waterloo, IA 50701
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Property image
OFF MARKET

1723 Rainbow Dr
Waterloo, IA 50701

  • 2 Beds
  • 1.5 Baths
  • 1,366 sqft (on 0.37 acres)

$229,100

Trulia Estimate
as of Jul 19, 2026
Est. Refi. Payment $1,501/mo*
Refinance Your Home

$229,100

Trulia Estimate
as of Jul 19, 2026
Est. Refi. Payment $1,501/mo*
Refinance Your Home
2 Beds
1.5 Baths
1,366 sqft
(on 0.37 acres)

Local Information

  • Map ViewExplore the area around 1723 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Beautiful ranch sitting on large lot with fenced in backyard! Large kitchen with lots of cabinet space, updated countertops, and Bosch dishwasher. Family room with picture window, coved ceilings, and lots of space to enjoy! Dining area great for family dinners. Sunroom with all new windows and a great view of the backyard. 2 large bedrooms on the main floor with hardwood floors and double closets. Clean bathroom with lots of counter space. Full unfinished basement that has tons of possibilities! Lower level does have toilet and sink. Updates: roof in 2018, water heater 2019, Furnace and A/C 2010, water softener 2020, new insulated garage door in 2019, and two new garage entry doors 2020. Home has all newer vinyl windows except for living room window, which is still in good shape.
1723 Rainbow Dr, Waterloo, IA 50701 is a 2 bedroom, 1 bathroom, 1,366 sqft single-family home built in 1960. It last sold for the $208,000 asking price on May 30, 2024. It is currently off market. The Trulia Estimate is $229,100, with a rent estimate of $1,202/month.

Home Highlights

Parking
2 Car Garage
Outdoor
Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 1723 Rainbow Dr

Interior Features

Interior Details
Basement: Block,UnfinishedNumber of Rooms: 6Types of Rooms: Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 1366 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Gas Water HeaterDishwasherLaundry: Lower Level
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo Fireplace
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Floors: Hardwood

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Deck, EnclosedFencing: Fenced
Parking & Garage
Number of Carport Spaces: 2Number of Covered Spaces: 2GarageHas an Attached GarageParking Spaces: 2Parking: 2 Stall,Attached Garage
Frontage
Road Surface Type: Concrete, Hard Surface Road
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 3

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Wood SidingNo Additional Parcels
Property Information
Parcel Number: 891316353003

Price & Status

Price
List Price: $208,000
Status Change & Dates
Off Market Date: Thu Apr 25 2024

Active Status

MLS Status: Closed

Location

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

Lot Information

Lot Area: 0.37 acres

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 20241557
Last check for updates: about 3 hours ago
Listed by Dean Noland, (319) 415-0405
Berkshire Hathaway Home Services One Realty Centre
Bought with: Trace Heyer, (563) 422-7551, AWRE, EXP Realty, LLC
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20241557

Price History for 1723 Rainbow Dr

DatePriceEventSource
05/30/2024$208,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20241557
04/25/2024$208,000PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20241557
04/22/2024$208,000Listed For SaleNortheast Iowa Regional BOR as distributed by MLS GRID #20241557
10/03/2008$129,000Sold
N/A

Market trends in Waterloo

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$187K
$10.67KMoM
Sale-to-List Price
99.2%
1.3%MoM
Price per sq ft
$126
$4MoM
Available listings
237
16MoM
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Property Tax and Assessment

Year2025
Tax$4,021
Assessment$205,040
Home facts updated by county records

Comparable Sales for 1723 Rainbow Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1712 Rainbow Dr, Waterloo, IA
0.04
Single-Family Home
$198,500
03/13/26
3
2
1,514
131 Niagara Dr, Waterloo, IA
0.18
Single-Family Home
$216,000
05/18/26
3
2
1,596
208 Desoto Ave, Waterloo, IA
0.14
Single-Family Home
$200,000
04/16/26
2
1
1,504
1817 Rainbow Dr, Waterloo, IA
0.09
Single-Family Home
$224,900
12/22/25
4
2
1,512
205 S Hackett Rd, Waterloo, IA
0.08
Single-Family Home
$172,400
12/10/25
3
1
1,120
1823 Rainbow Dr, Waterloo, IA
0.11
Single-Family Home
$190,000
10/15/25
3
2
1,198
1946 Rainbow Dr, Waterloo, IA
0.23
Single-Family Home
$254,900
05/14/26
3
2
1,456
1918 Castle St, Waterloo, IA
0.19
Single-Family Home
$160,000
09/29/25
3
1.5
1,642
111 Desoto Ave, Waterloo, IA
0.10
Single-Family Home
$186,500
06/18/26
3
1
1,008
225 Lambeth Rd, Waterloo, IA
0.31
Single-Family Home
$183,000
10/09/25
2
2
1,414

Nearby homes

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Assigned Schools

These are the assigned schools for 1723 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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Explore by feature - Pet Friendly

66 pet-friendly rentals in Waterloo, IA

Explore by feature - Garage

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Explore by feature - Air Conditioning

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Explore by feature - Washer/dryer

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Explore by feature - Outdoor Space

14 rentals with an outdoor space in Waterloo, IA

Homes for sale near 1723 Rainbow Dr

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Off Market Homes Near 1723 Rainbow Dr

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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 2026-07-19 11:32:14 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