1817 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
SOLD
DEC 22, 2025

1817 Rainbow Dr
Waterloo, IA 50701

  • 4 Beds
  • 2 Baths
  • 1,512 sqft (on 0.28 acres)

$224,900

Last Sold: Dec 22, 2025
$149/sqft
Est. Refi. Payment $1,510/mo*
Refinance Your Home

$224,900

Last Sold: Dec 22, 2025
$149/sqft
Est. Refi. Payment $1,510/mo*
Refinance Your Home
4 Beds
2 Baths
1,512 sqft
(on 0.28 acres)

Local Information

  • Map ViewExplore the area around 1817 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1957
Lot Size
0.28 acres
Living Area
1,512 sqft
Price/Sqft
$149/sqft
Parking
Garage
HOA
None

About this House

Beautifully Updated 4-Bedroom Home with Spacious Yard and Modern Upgrades Welcome to this beautifully updated 4-bedroom, 2-bathroom home that perfectly blends comfort, functionality, and style. Situated on a generous lot, the home features a large yard—ideal for outdoor entertaining, gardening, or simply enjoying the open space. Step inside to discover a completely renovated interior, featuring all new flooring and fresh paint throughout. The heart of the home is the brand-new kitchen, thoughtfully designed with modern finishes, updated cabinetry, and sleek countertops—perfect for everyday living and hosting guests. Both bathrooms have been stylishly updated, offering clean, contemporary fixtures and finishes. The home also boasts new vinyl windows, enhancing energy efficiency while letting in an abundance of natural light. Downstairs, the finished lower level provides flexible space—great for a family room, home office, gym, or guest quarters. Additional highlights include a large garage with ample space for parking, storage, or even a workshop. This move-in-ready home combines practicality and modern updates in a highly livable layout, offering everything you need for today's lifestyle.
1817 Rainbow Dr, Waterloo, IA 50701 is a 4 bedroom, 2 bathroom, 1,512 sqft single-family home built in 1957. It last sold for the $224,900 asking price on Dec 22, 2025. It is currently off market. The Trulia Estimate is $229,900, with a rent estimate of $1,550/month.

Home Details for 1817 Rainbow Dr

Interior Features

Interior Details
Basement: Block,FinishedNumber of Rooms: 3
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1512 Square Feet
Appliances & Utilities
Appliances: Dishwasher, MicroHood, Free-Standing Range, RefrigeratorDishwasherRefrigerator
Heating & Cooling
Heating: Forced Air,Natural GasHas 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: AsphaltPatio / Porch: Patio
Parking & Garage
Number of Carport Spaces: 2Number of Covered Spaces: 2GarageParking Spaces: 2Parking: 2 Stall,Detached Garage
Frontage
Road Surface Type: Concrete
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (below surface): 600 Square Feet

Days on Market

Cumulative Days on Market: 29

Property Information

Year Built
Year Built: 1957
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: CedarNo Additional Parcels
Property Information
Parcel Number: 891317478004

Price & Status

Price
List Price: $224,900Price Per Sqft: $149/sqft
Status Change & Dates
Off Market Date: Fri Nov 07 2025

Active Status

MLS Status: Closed

Media

Location

Direction & Address
City: WaterlooCommunity: LOBDELLS ADD TO CASTLE HILL
School Information
Elementary School: Fred Becker ElementaryJr High / Middle School: Central IntermediateHigh School: East High

Lot Information

Lot Area: 0.28 acres

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 20254987
Last check for updates: about 16 hours ago
Listed by Gerald Sorensen, (319) 269-1168
RE/MAX Concepts - Cedar Falls
Gordie Sorensen, (319) 269-1164
RE/MAX Concepts - Cedar Falls
Bought with: Kayla Ventura, (641) 373-4960, Vine Valley Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20254987

Price History for 1817 Rainbow Dr

DatePriceEventSource
12/22/2025$224,900Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20254987
11/07/2025$224,900PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20254987
10/28/2025$224,900PriceChange
Northeast Iowa Regional BOR as distributed by MLS GRID #20254987
10/10/2025$229,900Listed For SaleNortheast Iowa Regional BOR as distributed by MLS GRID #20254987
06/19/2015$134,500Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20152357
04/10/2015$134,500Listed For SaleAgent Provided
04/27/2011$108,500Sold
N/A
12/05/2010$114,500PriceChange
Agent Provided
10/29/2010$117,950PriceChange
Agent Provided
09/11/2010$119,950Listed For SaleAgent Provided
06/19/2006$105,000Sold
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$3,108
Assessment$154,830
Home facts updated by county records

Comparable Sales for 1817 Rainbow Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1712 Rainbow Dr, Waterloo, IA
0.11
Single-Family Home
$198,500
03/13/26
3
2
1,514
1946 Rainbow Dr, Waterloo, IA
0.14
Single-Family Home
$254,900
05/14/26
3
2
1,456
1823 Rainbow Dr, Waterloo, IA
0.02
Single-Family Home
$190,000
10/15/25
3
2
1,198
206 S Hackett Rd, Waterloo, IA
0.12
Single-Family Home
$218,000
08/07/26
3
2
1,950
137 Vera Dr, Waterloo, IA
0.18
Single-Family Home
$224,900
05/14/26
3
2.5
1,640
131 Niagara Dr, Waterloo, IA
0.10
Single-Family Home
$216,000
05/18/26
3
2
1,596
1918 Castle St, Waterloo, IA
0.13
Single-Family Home
$160,000
09/29/25
3
1.5
1,642
328 Drynan Dr, Waterloo, IA
0.38
Single-Family Home
$260,000
03/10/26
4
2
1,676
313 Westbourne Rd, Waterloo, IA
0.20
Single-Family Home
$230,000
02/20/26
3
2
2,107

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 1817 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

  • 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. "
    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

Apartments for Rent

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Explore by feature - Pet Friendly

63 pet-friendly rentals in Waterloo, IA

Explore by feature - Garage

26 rentals with a garage in Waterloo, IA

Explore by feature - Air Conditioning

43 rentals with air conditioning in Waterloo, IA

Explore by feature - Washer/dryer

22 rentals with a washer/dryer in Waterloo, IA

Explore by feature - Outdoor Space

14 rentals with an outdoor space in Waterloo, IA

Homes for sale near 1817 Rainbow Dr

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Off Market Homes Near 1817 Rainbow Dr

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Frequently asked questions about 1817 Rainbow Dr

  • What is 1817 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 1817 Rainbow Dr in Waterloo, IA is $229,900.
  • What is the price history for 1817 Rainbow Dr?
    1817 Rainbow Dr in Waterloo, IA last sold for $224,900 in December 2025.
  • Is Waterloo a buyer's or seller's market?
    Waterloo is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Waterloo?
    The median sale price in Waterloo is $187K. That is up $10.67K from the prior month.
  • Does 1817 Rainbow Dr have air conditioning?
    Yes, 1817 Rainbow Dr in Waterloo, IA has air conditioning.
  • How big is the lot at 1817 Rainbow Dr?
    The lot at 1817 Rainbow Dr in Waterloo, IA is about 0.28 acres (12,197 sq ft).
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 2026-08-07 18:52:41 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