2001 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
OFF MARKET

2001 Rainbow Dr
Waterloo, IA 50701

  • 3 Beds
  • 1 Bath
  • 1,141 sqft

$185,700

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $1,247/mo*
Refinance Your Home

$185,700

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $1,247/mo*
Refinance Your Home
3 Beds
1 Bath
1,141 sqft

Home Value

Trulia Estimate
$186K
Since last month
Decreased$100 (-0.1%)
Since last year
Increased$9K (+5.3%)
Since last sale
Increased$20K (+11.9%)
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
August 2026$186K
July 2026$186K
June 2026$187K
May 2026$187K
April 2026$185K
March 2026$182K
February 2026$180K
January 2026$178K
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
0.09
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
111 Desoto Ave, Waterloo, IA
0.33
Single-Family Home
$186,500
06/18/26
3
1
1,008
2031 Rainbow Dr, Waterloo, IA
0.06
Single-Family Home
$139,500
01/09/26
2
1
1,118
1918 Castle St, Waterloo, IA
0.13
Single-Family Home
$160,000
09/29/25
3
1.5
1,642
1946 Rainbow Dr, Waterloo, IA
0.04
Single-Family Home
$254,900
05/14/26
3
2
1,456
205 S Hackett Rd, Waterloo, IA
0.25
Single-Family Home
$172,400
12/10/25
3
1
1,120
137 Vera Dr, Waterloo, IA
0.07
Single-Family Home
$224,900
05/14/26
3
2.5
1,640
2028 Tilbury Rd, Waterloo, IA
0.30
Single-Family Home
$260,000
10/09/25
3
2
1,968

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
2007 Rainbow Dr, Waterloo, IA 50701
0.01
$180,800
3
1
1,255
Off Market
1935 Rainbow Dr, Waterloo, IA 50701
0.04
-
3
3.5
1,887
Off Market
1946 Rainbow Dr, Waterloo, IA 50701
0.04
$254,900
3
2
1,456
Recently Sold
2031 Rainbow Dr, Waterloo, IA 50701
0.06
$139,500
2
1
1,118
Recently Sold
1913 Rainbow Dr, Waterloo, IA 50701
0.08
$193,500
2
2
1,424
Off Market
137 Vera Dr, Waterloo, IA 50701
0.07
$224,900
3
2.5
1,640
Recently Sold
115 Amity Dr, Waterloo, IA 50701
0.07
$252,500
4
2.5
2,061
Off Market
149 Vera Dr, Waterloo, IA 50701
0.09
$196,000
3
1.5
1,224
Recently Sold
115 Helen Rd, Waterloo, IA 50701
0.09
$201,600
3
1.5
1,996
Off Market
131 Niagara Dr, Waterloo, IA 50701
0.11
$216,000
3
2
1,596
Recently Sold
1930 Castle St, Waterloo, IA 50701
0.13
$179,000
3
1
1,465
Off Market

Local Information

  • Map ViewExplore the area around 2001 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
1956
Living Area
1,141 sqft
Price/Sqft
$163
Parking
Garage
HOA
None

About this House

Welcome home! This warm and inviting home is ready to go! You will love the living room that offers tons of natural light and opens to the kitchen! This great kitchen features bright white cabinetry, great countertops, a custom backsplash, and more! Moving upstairs, you'll find three bedrooms with hardwood flooring and a full bathroom to share. The walkout lower level offers a secondary living space with brand new flooring, a laundry room, storage space, and access to the rear patio. This home situated on a corner lot with mature trees features multiple decks for taking in the seasons, a detached, two-stall garage, and a large yard with creek access. Don't miss out! Schedule your showing today!
2001 Rainbow Dr, Waterloo, IA 50701 is a 3 bedroom, 1 bathroom, 1,141 sqft single-family home built in 1956. It last sold for $166,000 on Feb 20, 2024 (4% above the $159,900 asking price). It is currently off market. The Trulia Estimate is $185,700, with a rent estimate of $1,364/month.
Last check for updates: about 24 hours ago
Listed by Amy Wienands, (319) 269-2477
AWRE, EXP Realty, LLC
Stephanie Paxton, (319) 239-9393
AWRE, EXP Realty, LLC
Bought with: Adijan Abdic, (319) 415-6234, Vine Valley Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20240174

Home Details for 2001 Rainbow Dr

Interior Features

Interior Details
Basement: FinishedNumber of Rooms: 6Types of Rooms: Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1141 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 Asphalt
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): 325 Square Feet

Days on Market

Cumulative Days on Market: 2

Property Information

Year Built
Year Built: 1956
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Vinyl SidingNo Additional Parcels
Property Information
Parcel Number: 891317476006

Price & Status

Price
List Price: $159,900
Status Change & Dates
Off Market Date: Sat Jan 20 2024

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: 9583.2 sqft

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 20240174

Price and Tax history

DateEventPrice
Feb 20, 2024
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20240174
Sold
$166,000
Jan 20, 2024
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20240174
Pending
$159,900
Jan 18, 2024
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20240174
Listed For Sale
$159,900
Jun 5, 2017
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20171748
Sold
$111,000
Apr 29, 2017
Source: Agent Provided
Pending
$115,000

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 2026-08-21 14:47:39 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 2001 Rainbow Dr

  • What is 2001 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 2001 Rainbow Dr in Waterloo, IA is $185,700.
  • What is the price history for 2001 Rainbow Dr?
    2001 Rainbow Dr in Waterloo, IA last sold for $166,000 in February 2024.
  • 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 2001 Rainbow Dr have air conditioning?
    Yes, 2001 Rainbow Dr in Waterloo, IA has air conditioning.
  • How big is the lot at 2001 Rainbow Dr?
    The lot at 2001 Rainbow Dr in Waterloo, IA is about 0.22 acres (9,583 sq ft).

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