2161 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
SOLD
OCT 16, 2025

2161 Rainbow Dr
Waterloo, IA 50701

  • 4 Beds
  • 2 Baths
  • 1,644 sqft (on 0.62 acres)

$245,000

Last Sold: Oct 16, 2025
4% below list $255K
$149/sqft
Est. Refi. Payment $1,603/mo*
Refinance Your Home

$245,000

Last Sold: Oct 16, 2025
4% below list $255K
$149/sqft
Est. Refi. Payment $1,603/mo*
Refinance Your Home
4 Beds
2 Baths
1,644 sqft
(on 0.62 acres)

Local Information

  • Map ViewExplore the area around 2161 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
1969
Lot Size
0.62 acres
Living Area
1,644 sqft
Price/Sqft
$149/sqft
Parking
Garage
HOA
None

About this House

Waterloo address Cedar Falls schools!! This fantastic 3 bedroom 2 bath ranch is situated on over a half acre lot with beautiful landscaping and a private covered bridge to access the back of the lot. Main level features a bright updated kitchen with stainless steel appliances, dining area with sliders to newer raised deck, spacious living room, 3 nice sized bedrooms and updated full bath. Finished walk-out lower level offer a family room, 4th bedroom, 3/4 bath and two storage areas. Outside offers plenty of storage space with two garages (24X24 and 18X20).
2161 Rainbow Dr, Waterloo, IA 50701 is a 4 bedroom, 1 bathroom, 1,644 sqft single-family home built in 1969. It last sold for $245,000 on Oct 16, 2025 (4% below the $255,000 asking price). It is currently off market. The Trulia Estimate is $251,300, with a rent estimate of $1,550/month.

Home Details for 2161 Rainbow Dr

Interior Features

Interior Details
Basement: Walk-Out Access,Partially FinishedNumber of Rooms: 3
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 1644 Square Feet
Appliances & Utilities
Laundry: Lower Level
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo Fireplace

Exterior Features

Exterior Home Features
Roof: Shingle AsphaltPatio / Porch: DeckOther Structures: StorageExterior: GardenGarden
Parking & Garage
Number of Carport Spaces: 3Number of Covered Spaces: 3GarageParking Spaces: 3Parking: 3 or More Stalls,Detached Garage,Garage Door Opener
Frontage
Road Surface Type: Black Top
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (below surface): 500 Square Feet

Days on Market

Cumulative Days on Market: 11

Property Information

Year Built
Year Built: 1969
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Vinyl SidingNo Additional Parcels
Property Information
Parcel Number: 891317452003

Price & Status

Price
List Price: $255,000Price Per Sqft: $149/sqft
Status Change & Dates
Off Market Date: Wed Aug 27 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: WaterlooCommunity: Midway in Castle Hill
School Information
Elementary School: Cedar Heights ElementaryJr High / Middle School: Peet Junior HighHigh School: Cedar Falls High

Lot Information

Lot Area: 0.62 acres

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 20253971
Last check for updates: about 4 hours ago
Listed by Scott Seeley Gri, Crs, (319) 415-6683
RE/MAX Concepts - Cedar Falls
Bought with: Emsad Begic, (319) 239-8663, Vine Valley Real Estate
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20253971

Price History for 2161 Rainbow Dr

DatePriceEventSource
10/16/2025$245,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20253971
08/28/2025$255,000PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20253971
08/16/2025$255,000Listed For SaleNortheast Iowa Regional BOR as distributed by MLS GRID #20253971
04/30/2021$205,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20210879
11/26/2019$175,000Sold
N/A
09/27/2019$174,900PendingAgent Provided
09/24/2019$174,900Listed 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$4,223
Assessment$232,350
Home facts updated by county records

Comparable Sales for 2161 Rainbow Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
328 Drynan Dr, Waterloo, IA
0.25
Single-Family Home
$260,000
03/10/26
4
2
1,676
131 Niagara Dr, Waterloo, IA
0.32
Single-Family Home
$216,000
05/18/26
3
2
1,596
2618 Cedar Heights Dr, Cedar Falls, IA
0.34
Single-Family Home
$250,000
07/09/26
5
2
2,081
137 Vera Dr, Waterloo, IA
0.22
Single-Family Home
$224,900
05/14/26
3
2.5
1,640
3023 Cottonwood Ln, Cedar Falls, IA
0.21
Single-Family Home
$259,500
12/05/25
5
2
1,854
3124 Rainbow Dr, Cedar Falls, IA
0.12
Single-Family Home
$340,000
09/23/25
3
2.5
2,491
2151 Grand Blvd, Waterloo, IA
0.10
Single-Family Home
$400,000
03/20/26
4
3.5
2,692
1946 Rainbow Dr, Waterloo, IA
0.25
Single-Family Home
$254,900
05/14/26
3
2
1,456
214 Four Seasons Dr, Waterloo, IA
0.15
Single-Family Home
$345,000
08/12/25
4
2
2,343

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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  • 2138 Rainbow Dr, Waterloo, IA 50701
    OFF MARKET
    Est. $189,200
    3 bd
    1 ba
    1,183 sqft
    2138 Rainbow Dr,
    Waterloo, IA 50701
    Amy Schaefer, RE/MAX Concepts - Cedar Falls, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 2217 Grand Blvd, Waterloo, IA 50701
    OFF MARKET
    Est. $200,700
    2 bd
    1.5 ba
    1,496 sqft
    2217 Grand Blvd,
    Waterloo, IA 50701
    Jason Strelow, Berkshire Hathaway Home Services One Realty Centre, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 3124 Rainbow Dr, Cedar Falls, IA 50613
    OFF MARKET
    Est. $349,100
    3 bd
    2.5 ba
    2,491 sqft
    3124 Rainbow Dr,
    Cedar Falls, IA 50613
    Dave Woods, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 2229 Grand Blvd, Waterloo, IA 50701
    OFF MARKET
    Est. $298,300
    3 bd
    2 ba
    2,000 sqft
    2229 Grand Blvd,
    Waterloo, IA 50701
    Gerald Sorensen, RE/MAX Concepts - Cedar Falls, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 2151 Grand Blvd, Waterloo, IA 50701
    SOLD
    MAR 20, 2026
    $400,000
    4 bd
    3.5 ba
    2,692 sqft
    2151 Grand Blvd,
    Waterloo, IA 50701
    Amy Wienands, AWRE, EXP Realty, LLC, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 2188 Grand Blvd, Waterloo, IA 50701
    OFF MARKET
    Est. $381,200
    4 bd
    3 ba
    2,242 sqft
    2188 Grand Blvd,
    Waterloo, IA 50701
    Elke M Gerdes, Structure Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 128 Kelly Ct, Waterloo, IA 50701
    OFF MARKET
    Est. $294,600
    5 bd
    2 ba
    1,942 sqft
    128 Kelly Ct,
    Waterloo, IA 50701
    Carl Ericson, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 214 Four Seasons Dr, Waterloo, IA 50701
    OFF MARKET
    Est. $354,700
    4 bd
    2 ba
    2,343 sqft
    214 Four Seasons Dr,
    Waterloo, IA 50701
    Jason Strelow, Berkshire Hathaway Home Services One Realty Centre, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 2128 Cardinal Dr, Waterloo, IA 50701
    OFF MARKET
    Est. $267,800
    3 bd
    2.5 ba
    1,632 sqft
    2128 Cardinal Dr,
    Waterloo, IA 50701
    Luke Bartlett, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 108 Helen Rd, Waterloo, IA 50701
    SOLD
    APR 2, 2026
    $287,500
    4 bd
    3 ba
    2,652 sqft
    108 Helen Rd,
    Waterloo, IA 50701
    Luke Bartlett, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 136 Kelly Ct, Waterloo, IA 50701
    OFF MARKET
    Est. $305,700
    4 bd
    3 ba
    625 sqft
    136 Kelly Ct,
    Waterloo, IA 50701
    Other Other, Northeast Iowa Regional Board of Realtors, Northeast Iowa Regional BOR as distributed by MLS GRID
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Assigned Schools

These are the assigned schools for 2161 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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Homes for sale near 2161 Rainbow Dr

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Off Market Homes Near 2161 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 2026-08-02 08:27:27 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