1946 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
SOLD
MAY 14, 2026

$258,900

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,456 sqft (on 0.26 acres)

1946 Rainbow Dr, Waterloo, IA 50701

Refinance Your Home
Currently Off Market - Sold May 14, 2026 for $254,900

Home Value

Trulia Estimate
$259K
Since last month
Increased$2K (+0.9%)
Since last year
Increased$23K (+9.9%)
Since last sale
Increased$4K (+1.7%)
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 +65% in the last 10 years
MonthEstimated value
2026
September 2026$259K
August 2026$258K
July 2026$257K
June 2026$256K
May 2026$255K
April 2026$255K
March 2026$254K
February 2026$231K
January 2026$230K
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
137 Vera Dr, Waterloo, IA
0.12
Single-Family Home
$224,900
05/14/26
3
2.5
1,640
1817 Rainbow Dr, Waterloo, IA
0.14
Single-Family Home
$224,900
12/22/25
4
2
1,512
131 Niagara Dr, Waterloo, IA
0.08
Single-Family Home
$216,000
05/18/26
3
2
1,596
149 Vera Dr, Waterloo, IA
0.13
Single-Family Home
$196,000
07/09/26
3
1.5
1,224
1823 Rainbow Dr, Waterloo, IA
0.13
Single-Family Home
$190,000
10/15/25
3
2
1,198
1712 Rainbow Dr, Waterloo, IA
0.24
Single-Family Home
$198,500
03/13/26
3
2
1,514
1918 Castle St, Waterloo, IA
0.16
Single-Family Home
$160,000
09/29/25
3
1.5
1,642
206 S Hackett Rd, Waterloo, IA
0.23
Single-Family Home
$218,000
08/07/26
3
2
1,950
313 Westbourne Rd, Waterloo, IA
0.27
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
115 Amity Dr, Waterloo, IA 50701
0.07
$246,200
4
2.5
2,061
Off Market
2001 Rainbow Dr, Waterloo, IA 50701
0.04
$181,900
3
1
1,141
Off Market
2007 Rainbow Dr, Waterloo, IA 50701
0.05
$181,800
3
1
1,255
Off Market
1935 Rainbow Dr, Waterloo, IA 50701
0.05
-
3
3.5
1,887
Off Market
2031 Rainbow Dr, Waterloo, IA 50701
0.08
$139,500
2
1
1,118
Recently Sold
131 Niagara Dr, Waterloo, IA 50701
0.08
$216,000
3
2
1,596
Recently Sold
1913 Rainbow Dr, Waterloo, IA 50701
0.08
$189,800
2
2
1,424
Off Market
115 Helen Rd, Waterloo, IA 50701
0.12
$202,300
3
1.5
1,996
Off Market
136 Kelly Ct, Waterloo, IA 50701
0.16
$307,700
4
3
625
Off Market
128 Kelly Ct, Waterloo, IA 50701
0.16
$287,700
5
2
1,942
Off Market
137 Vera Dr, Waterloo, IA 50701
0.11
$224,900
3
2.5
1,640
Recently Sold

Local Information

  • Map ViewExplore the area around 1946 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1957
0.26 acre lot
1,456 sqft
$175/sqft
3 Car Garage

About this House

Beautifully updated 3-bedroom, 2-bath home featuring a single attached garage and a private backyard. This super clean property showcases hardwood floors throughout and a fully updated kitchen complete with a gas stove and stainless steel appliances. The interior has been refreshed with modern paint and updated doors, creating a bright, move-in-ready feel. A spacious 3-season porch extends the living area, perfect for relaxing or entertaining. The finished basement includes a cozy gas fireplace, a large 3/4 bath with a corner shower, and an egress window that offers the potential for a 4th bedroom. You'll also find a separate laundry room for added convenience. In addition to the attached garage, the property boasts a large detached double garage, providing ample storage and parking space. New privacy fence makes the backyard an oasis. Seller has never lived in the property and is being sold "As-Is."
1946 Rainbow Dr, Waterloo, IA 50701 is a 3 bedroom, 2 bathroom, 1,456 sqft single-family home built in 1957. It last sold for the $254,900 asking price on May 14, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $258,900, with a rent estimate of $1,534/month.
Last check for updates: 13 minutes ago
Listed by Carissa L Holton, (319) 830-3598
EXP Realty, LLC
Bought with: Carl Ericson, (319) 504-3640, Oakridge Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20261142

Home Details for 1946 Rainbow Dr

Interior Features

Interior Details
Basement: Block,Concrete,Partially FinishedNumber of Rooms: 3
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 1456 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Microwave, Free-Standing Range, Refrigerator, Gas Water HeaterDishwasherLaundry: Lower LevelMicrowaveRefrigerator
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: Double Sided, GasHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Floors: Hardwood
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: Shingle AsphaltPatio / Porch: EnclosedFencing: Privacy
Parking & Garage
Number of Carport Spaces: 3Number of Covered Spaces: 3GarageHas an Attached GarageParking Spaces: 3Parking: 3 or More Stalls,Attached Garage,Detached Garage,Garage Door Opener
Frontage
Road Surface Type: Concrete
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (below surface): 400 Square Feet

Days on Market

Cumulative Days on Market: 3

Property Information

Year Built
Year Built: 1957
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Shingle Siding, Vinyl SidingNo Additional Parcels
Property Information
Parcel Number: 891317428014

Price & Status

Price
List Price: $254,900Price Per Sqft: $175/sqft
Status Change & Dates
Off Market Date: Fri Mar 27 2026

Active Status

MLS Status: Closed

Location

Direction & Address
City: WaterlooCommunity: AUDITOR WHITNEY ROAD PLAT CASTLE HILL WATERLOO PAR
School Information
Elementary School: Fred Becker ElementaryJr High / Middle School: Central IntermediateHigh School: East High

Lot Information

Lot Area: 0.26 acres

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 20261142

Price and Tax history

DateEventPrice
May 14, 2026
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261142
Sold
$254,900
Mar 27, 2026
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261142
Pending
$254,900
Mar 24, 2026
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20261142
Listed For Sale
$254,900

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 2026-09-18 01:02:30 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 1946 Rainbow Dr

  • What is 1946 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 1946 Rainbow Dr in Waterloo, IA is $258,900.
  • What is the price history for 1946 Rainbow Dr?
    1946 Rainbow Dr in Waterloo, IA last sold for $254,900 in May 2026.
  • 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 1946 Rainbow Dr have air conditioning?
    Yes, 1946 Rainbow Dr in Waterloo, IA has air conditioning.
  • Does 1946 Rainbow Dr have laundry facilities?
    Yes, 1946 Rainbow Dr in Waterloo, IA has laundry facilities.

Explore by feature - Pet Friendly

62 pet-friendly rentals in Waterloo, IA

Explore by feature - Garage

31 rentals with a garage in Waterloo, IA

Explore by feature - Air Conditioning

58 rentals with air conditioning in Waterloo, IA

Explore by feature - Washer/dryer

52 rentals with a washer/dryer in Waterloo, IA

Explore by feature - Outdoor Space

10 rentals with an outdoor space in Waterloo, IA

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 1946 Rainbow Dr

Skip to last item
Skip to first item

Homes for sale near 1946 Rainbow Dr

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item