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

$230,600

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

1817 Rainbow Dr, Waterloo, IA 50701

Refinance Your Home
Currently Off Market - Sold Dec 22, 2025 for $224,900

Home Value

Trulia Estimate
$231K
Since last month
Increased$800 (+0.3%)
Since last year
Increased$28K (+14%)
Since last sale
Increased$6K (+2.6%)
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 +64% in the last 10 years
MonthEstimated value
2026
August 2026$231K
July 2026$230K
June 2026$226K
May 2026$225K
April 2026$224K
March 2026$224K
February 2026$224K
January 2026$225K
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
0.11
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 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
122 S Hackett Rd, Waterloo, IA 50701
0.04
$116,800
2
1
889
Off Market
1823 Rainbow Dr, Waterloo, IA 50701
0.02
$195,500
3
2
1,198
Off Market
141 S Hackett Rd, Waterloo, IA 50701
0.09
$287,700
3
3
2,228
Off Market
145 Lobdell Rd, Waterloo, IA 50701
0.07
$198,900
3
2
2,060
Off Market
1723 Rainbow Dr, Waterloo, IA 50701
0.09
$229,700
2
1.5
1,366
Off Market
206 S Hackett Rd, Waterloo, IA 50701
0.12
$218,000
3
2
1,950
Recently Sold
1720 Rainbow Dr, Waterloo, IA 50701
0.10
$209,000
3
2
1,748
Off Market
205 S Hackett Rd, Waterloo, IA 50701
0.13
$172,400
3
1
1,120
Recently Sold
150 Lobdell Rd, Waterloo, IA 50701
0.09
$125,500
2
1
720
Off Market
1712 Rainbow Dr, Waterloo, IA 50701
0.11
$198,500
3
2
1,514
Recently Sold
1913 Rainbow Dr, Waterloo, IA 50701
0.07
$192,800
2
2
1,424
Off Market

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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $230,600, with a rent estimate of $1,596/month.
Last check for updates: about 21 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

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

Price and Tax history

DateEventPrice
Dec 22, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20254987
Sold
$224,900
Nov 7, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20254987
Pending
$224,900
Oct 28, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20254987
PriceChange
$224,900
Price decreased by 2%
Oct 10, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20254987
Listed For Sale
$229,900
Jun 19, 2015
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20152357
Sold
$134,500

Market trends in Waterloo

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$194K
$6KMoM
Sale-to-List Price
99.1%
0.1%MoM
Price per sq ft
$126
$0MoM
Available listings
242
5MoM

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. "
    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

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 2026-08-27 14:52:28 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

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 $230,600.
  • 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 $194K. That is up $6K 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).

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