1823 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
OFF MARKET

$196,300

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,198 sqft

1823 Rainbow Dr, Waterloo, IA 50701

Est. Refi. Payment $1,357/mo*
Refinance Your Home
Currently Off Market - Sold Oct 15, 2025 for $190,000

Home Value

Trulia Estimate
$196K
Since last month
Increased$300 (+0.2%)
Since last year
Increased$5K (+2.4%)
Since last sale
Increased$6K (+3.2%)
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 +72% in the last 10 years
MonthEstimated value
2026
September 2026$196K
August 2026$196K
July 2026$195K
June 2026$191K
May 2026$190K
April 2026$189K
March 2026$189K
February 2026$188K
January 2026$189K
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
149 Vera Dr, Waterloo, IA
0.18
Single-Family Home
$196,000
07/09/26
3
1.5
1,224
1712 Rainbow Dr, Waterloo, IA
0.12
Single-Family Home
$198,500
03/13/26
3
2
1,514
1817 Rainbow Dr, Waterloo, IA
0.02
Single-Family Home
$224,900
12/22/25
4
2
1,512
1918 Castle St, Waterloo, IA
0.12
Single-Family Home
$160,000
09/29/25
3
1.5
1,642
1946 Rainbow Dr, Waterloo, IA
0.13
Single-Family Home
$254,900
05/14/26
3
2
1,456
137 Vera Dr, Waterloo, IA
0.17
Single-Family Home
$224,900
05/14/26
3
2.5
1,640
206 S Hackett Rd, Waterloo, IA
0.12
Single-Family Home
$218,000
08/07/26
3
2
1,950
131 Niagara Dr, Waterloo, IA
0.09
Single-Family Home
$216,000
05/18/26
3
2
1,596
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
1913 Rainbow Dr, Waterloo, IA 50701
0.05
$192,900
2
2
1,424
Off Market
1817 Rainbow Dr, Waterloo, IA 50701
0.02
$224,900
4
2
1,512
Recently Sold
131 Niagara Dr, Waterloo, IA 50701
0.09
$216,000
3
2
1,596
Recently Sold
203-205 N Hackett Rd, Waterloo, IA 50701
0.07
$275,575
4
2
2,880
Recently Sold
1935 Rainbow Dr, Waterloo, IA 50701
0.09
-
3
3.5
1,887
Off Market
122 S Hackett Rd, Waterloo, IA 50701
0.05
$117,600
2
1
889
Off Market
145 Lobdell Rd, Waterloo, IA 50701
0.07
$198,400
3
2
2,060
Off Market
1946 Rainbow Dr, Waterloo, IA 50701
0.13
$254,900
3
2
1,456
Recently Sold
150 Lobdell Rd, Waterloo, IA 50701
0.09
$125,600
2
1
720
Off Market
2001 Rainbow Dr, Waterloo, IA 50701
0.13
$185,000
3
1
1,141
Off Market
255 Desoto Ave, Waterloo, IA 50701
0.10
$164,000
1
1
1,350
Off Market

Local Information

  • Map ViewExplore the area around 1823 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1952
1,198 sqft
$164/sqft
Garage

About this House

Welcome to this inviting home featuring 3 bedrooms and 2 bathrooms. The main level offers an open floor plan that flows seamlessly from the kitchen to the living room—perfect for everyday living and entertaining. Two bedrooms and an updated full bathroom complete the main floor. The finished basement expands your living space with a spacious bedroom—often ideal as a primary suite—featuring a walk-in closet and a beautifully updated full bathroom. A second family room adds even more versatility for guests, hobbies, or a home office. Outside, you’ll appreciate the impressive 768-square-foot oversized 3 stall garage that’s both heated and cooled with a concrete floor—perfect for a workshop, hobby space, or extra storage. This property blends comfort, modern updates, and functionality both inside and out—schedule your showing today!
1823 Rainbow Dr, Waterloo, IA 50701 is a 3 bedroom, 2 bathroom, 1,198 sqft single-family home built in 1952. It last sold for $190,000 on Oct 15, 2025 (3% below the $196,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $196,300, with a rent estimate of $1,363/month.
Last check for updates: about 4 hours ago
Listed by Bethany Benner, (319) 551-4010
Oakridge Real Estate
Bought with: Josh Hansen, (319) 404-7430, Structure Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20254094

Home Details for 1823 Rainbow Dr

Interior Features

Interior Details
Basement: Partially FinishedNumber of Rooms: 3
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1198 Square Feet
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo Fireplace

Exterior Features

Exterior Home Features
Roof: Shingle AsphaltOther Structures: Outbuilding
Parking & Garage
Number of Carport Spaces: 3Number of Covered Spaces: 3GarageParking Spaces: 3Parking: Oversized,Workshop in Garage
Frontage
Road Surface Type: Black Top, Hard Surface Road
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (below surface): 430 Square Feet

Days on Market

Cumulative Days on Market: 18

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: 891317478003

Price & Status

Price
List Price: $196,000
Status Change & Dates
Off Market Date: Tue Sep 09 2025

Active Status

MLS Status: Closed

Media

Location

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

Lot Information

Lot Area: 9147.6 sqft

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 20254094

Price and Tax history

DateEventPrice
Oct 15, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20254094
Sold
$190,000
Sep 9, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20254094
Pending
$196,000
Aug 22, 2025
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20254094
Listed For Sale
$196,000
Mar 5, 2021
Source: N/A
Sold
$134,000
Dec 12, 2020
Source: N/A
PriceChange
$145,000
Price decreased by 2%

Market trends in Waterloo

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$188K
$6KMoM
Sale-to-List Price
99.0%
0.1%MoM
Price per sq ft
$122
$3MoM
Available listings
257
15MoM

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. "
    2
    Flag
  • Tali S.
    "Very quiet neighborhood other than the occasional car driving by & faint sound of trains. Great neighbors, mostly homeowners with kids & elderly."
    1
    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 2026-09-21 09:22:27 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 1823 Rainbow Dr

  • What is 1823 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 1823 Rainbow Dr in Waterloo, IA is $196,300.
  • What is the price history for 1823 Rainbow Dr?
    1823 Rainbow Dr in Waterloo, IA last sold for $190,000 in October 2025.
  • Is Waterloo a buyer's or seller's market?
    Waterloo is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Waterloo?
    The median sale price in Waterloo is $188K. That is down $6K from the prior month.
  • Does 1823 Rainbow Dr have air conditioning?
    Yes, 1823 Rainbow Dr in Waterloo, IA has air conditioning.
  • How big is the lot at 1823 Rainbow Dr?
    The lot at 1823 Rainbow Dr in Waterloo, IA is about 0.21 acres (9,148 sq ft).

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