2007 Rainbow Dr, Waterloo, IA 50701
OFF MARKET

2007 Rainbow Dr
Waterloo, IA 50701

  • 3 Beds
  • 1 Bath
  • 1,255 sqft

$173,600

Trulia Estimate
as of May 21, 2026
Est. Refi. Payment $1,149/mo*
Refinance Your Home

$173,600

Trulia Estimate
as of May 21, 2026
Est. Refi. Payment $1,149/mo*
Refinance Your Home
3 Beds
1 Bath
1,255 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Welcome to your cozy retreat on bustling Rainbow Drive! Perfectly nestled between Waterloo and Cedar Falls, this home offers a prime location near parks, recreational trails, shopping, and all the amenities you need. Inside, you'll find a bright and inviting living area, perfect for relaxing or entertaining guests. The seamless flow leads you to the kitchen and dining space, ideal for sharing meals and making lasting memories. With 3 bedrooms, 1 bathroom, and a convenient half bathroom on the lower level, this home is designed to meet your needs. Step outside to your serene backyard oasis, where a deck overlooks the beautifully landscaped yard that backs up to a tranquil creek—perfect for peaceful mornings or entertaining friends and family. Enjoy peace of mind with recent updates, including a brand-new furnace, A/C, and water heater installed this year. This home truly checks all the boxes—schedule your showing today!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from January 30, 2025

Home Highlights

Parking
2 Parking Spaces
Outdoor
Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 2007 Rainbow Dr

Interior Features

Interior Details
Basement: Block,Radon Mitigation System,Partially FinishedNumber of Rooms: 5Types of Rooms: Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1255 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Microwave Built In, Washer, Gas Water HeaterDishwasherDryerLaundry: Lower LevelWasher
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Ceiling Fan(s),Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Fireplace: NoneNo Fireplace
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Deck
Parking & Garage
Number of Carport Spaces: 2Number of Covered Spaces: 2Parking Spaces: 2Parking: 2 Stall
Frontage
Road Surface Type: Concrete
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (below surface): 375 Square Feet

Days on Market

Cumulative Days on Market: 1

Property Information

Year Built
Year Built: 1955
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Vinyl SidingNo Additional Parcels
Property Information
Parcel Number: 891317476005

Price & Status

Price
List Price: $169,900
Status Change & Dates
Off Market Date: Thu Jan 02 2025

Active Status

MLS Status: Closed

Location

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

Lot Information

Lot Area: 10454.4 sqft

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 20250003
Last check for updates: about 4 hours ago
Listed by Hermina Ibricic, (319) 215-1908
Vine Valley Real Estate
Bought with: Carly Steiert, (319) 559-0302, AWRE, EXP Realty, LLC
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20250003

Price History for 2007 Rainbow Dr

DatePriceEventSource
01/27/2025$172,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20250003
01/02/2025$169,900PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20250003
01/01/2025$169,900Listed For SaleNortheast Iowa Regional BOR as distributed by MLS GRID #20250003
08/31/2021$135,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20213007
07/01/2021$129,900PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20213007
06/29/2021$129,900Listed For SaleNortheast Iowa Regional BOR as distributed by MLS GRID #20213007
08/20/2013$97,000Sold
N/A
06/29/2013$100,000Listed For SaleAgent Provided
05/27/2013$107,500ListingRemovedAgent Provided
03/28/2013$107,500Listed For SaleAgent Provided
10/30/2012$107,500ListingRemovedAgent Provided
08/01/2012$107,500Listed For SaleAgent Provided
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Property Tax and Assessment

Year2025
Tax$2,875
Assessment$154,350
Home facts updated by county records

Comparable Sales for 2007 Rainbow Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
115 Helen Rd, Waterloo, IA
0.08
Single-Family Home
$196,000
07/28/25
3
1.5
1,996
218 Westbourne Rd, Waterloo, IA
0.19
Single-Family Home
$200,000
05/30/25
3
1.5
1,800
1823 Rainbow Dr, Waterloo, IA
0.14
Single-Family Home
$190,000
10/15/25
3
2
1,198
1918 Castle St, Waterloo, IA
0.13
Single-Family Home
$160,000
09/29/25
3
1.5
1,642
137 Vera Dr, Waterloo, IA
0.06
Single-Family Home
$224,900
05/14/26
3
2.5
1,640
2031 Rainbow Dr, Waterloo, IA
0.05
Single-Family Home
$139,500
01/09/26
2
1
1,118
122 S Hackett Rd, Waterloo, IA
0.18
Single-Family Home
$148,000
05/29/25
2
1
889
205 S Hackett Rd, Waterloo, IA
0.26
Single-Family Home
$172,400
12/10/25
3
1
1,120
2218 Castle St, Waterloo, IA
0.32
Single-Family Home
$219,500
04/22/26
3
2
1,584
2028 Tilbury Rd, Waterloo, IA
0.29
Single-Family Home
$260,000
10/09/25
3
2
1,968

Nearby homes

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Assigned Schools

These are the assigned schools for 2007 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 263 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 83 % Say yards are well-kept

  • 80 % Say parking is easy

  • 78 % Say it's dog friendly

  • 70 % Say there's holiday spirit

  • 65 % Say kids play outside

  • 64 % Say there are sidewalks

  • 49 % 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

  • 30 % 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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Homes for sale near 2007 Rainbow Dr

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Off Market Homes Near 2007 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 2026-05-21 12:42:27 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

Homes for rent near 2007 Rainbow Dr

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2007 Rainbow Dr, Waterloo, IA 50701 is a 3 bedroom, 2 bathroom, 1,255 sqft single-family home built in 1955. This property is not currently available for sale. 2007 Rainbow Dr was last sold on Jan 27, 2025 for $172,000 (1% higher than the asking price of $169,900). The current Trulia Estimate for 2007 Rainbow Dr is $173,600.