1823 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
SOLD
OCT 15, 2025

1823 Rainbow Dr
Waterloo, IA 50701

  • 3 Beds
  • 2 Baths
  • 1,198 sqft

$190,000

Last Sold: Oct 15, 2025
3% below list $196K
$159/sqft
Est. Refi. Payment $1,259/mo*
Refinance Your Home

$190,000

Last Sold: Oct 15, 2025
3% below list $196K
$159/sqft
Est. Refi. Payment $1,259/mo*
Refinance Your Home
3 Beds
2 Baths
1,198 sqft

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

Description

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). It is currently off market. The Trulia Estimate is $193,000, with a rent estimate of $1,265/month.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$159/sqft
Listed
180+ days ago

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: $196,000Price Per Sqft: $159/sqft
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
Last check for updates: about 20 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

Price History for 1823 Rainbow Dr

DatePriceEventSource
10/15/2025$190,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20254094
09/09/2025$196,000PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20254094
08/22/2025$196,000Listed For SaleNortheast Iowa Regional BOR as distributed by MLS GRID #20254094
03/05/2021$134,000Sold
N/A
12/12/2020$145,000PriceChange
N/A
10/05/2020$147,900Listed For SaleN/A
04/09/2010$126,000Sold
N/A
10/03/2009$135,400ListingRemovedAgent Provided
08/08/2009$135,400Listed For SaleAgent Provided

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$2,912
Assessment$157,430
Home facts updated by county records

Comparable Sales for 1823 Rainbow Dr

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
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
225 Lambeth Rd, Waterloo, IA
0.24
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 1823 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

67 pet-friendly rentals in Waterloo, IA

Explore by feature - Garage

41 rentals with a garage in Waterloo, IA

Explore by feature - Air Conditioning

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Explore by feature - Outdoor Space

14 rentals with an outdoor space in Waterloo, IA

Homes for sale near 1823 Rainbow Dr

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Off Market Homes Near 1823 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 2026-07-16 18:52:15 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