2177 Rainbow Dr, Waterloo, IA 50701
Property image
Property image
OFF MARKET

$194,100

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,744 sqft (on 0.26 acres)

2177 Rainbow Dr, Waterloo, IA 50701

Est. Refi. Payment $1,310/mo*
Refinance Your Home
Currently Off Market - Sold Dec 21, 2018 for $122,000

Home Value

Trulia Estimate
$194K
Since last month
Decreased$3K (-1.5%)
Since last year
Increased$2K (+1.3%)
Since last sale
Increased$72K (+59.1%)
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 +55% in the last 10 years
MonthEstimated value
2026
August 2026$194K
July 2026$197K
June 2026$197K
May 2026$196K
April 2026$192K
March 2026$189K
February 2026$185K
January 2026$187K
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
2042 Rainbow Dr, Waterloo, IA
0.18
Single-Family Home
$129,500
06/24/26
3
1
1,905
2218 Castle St, Waterloo, IA
0.18
Single-Family Home
$219,500
04/22/26
3
2
1,584
2622 Garden Ave, Cedar Falls, IA
0.24
Single-Family Home
$132,600
11/20/25
3
1
912
313 Longview Dr, Waterloo, IA
0.22
Single-Family Home
$245,000
09/18/25
3
1
1,882
2602 Cedar Heights Dr, Cedar Falls, IA
0.30
Single-Family Home
$165,000
11/17/25
3
1
1,004
2161 Rainbow Dr, Waterloo, IA
0.03
Single-Family Home
$245,000
10/16/25
4
2
1,644
2727 Cedar Heights Dr, Cedar Falls, IA
0.38
Single-Family Home
$108,000
01/20/26
3
1
1,184
2603 Cedar Heights Dr, Cedar Falls, IA
0.33
Single-Family Home
$155,000
06/30/26
4
1
1,061
137 Vera Dr, Waterloo, IA
0.24
Single-Family Home
$224,900
05/14/26
3
2.5
1,640
1918 Castle St, Waterloo, IA
0.35
Single-Family Home
$160,000
09/29/25
3
1.5
1,642

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
2161 Rainbow Dr, Waterloo, IA 50701
0.03
$252,100
4
2
1,644
Off Market
2138 Rainbow Dr, Waterloo, IA 50701
0.08
$188,400
3
1
1,183
Off Market
2217 Grand Blvd, Waterloo, IA 50701
0.10
$200,700
2
1.5
1,496
Off Market
3124 Rainbow Dr, Cedar Falls, IA 50613
0.09
$350,500
3
2.5
2,491
Off Market
2229 Grand Blvd, Waterloo, IA 50701
0.11
$294,900
3
2
2,000
Off Market
2151 Grand Blvd, Waterloo, IA 50701
0.12
$400,000
4
3.5
2,692
Recently Sold
2188 Grand Blvd, Waterloo, IA 50701
0.13
$379,600
4
3
2,242
Off Market
128 Kelly Ct, Waterloo, IA 50701
0.14
$291,400
5
2
1,942
Off Market
214 Four Seasons Dr, Waterloo, IA 50701
0.14
$356,000
4
2
2,343
Off Market
2128 Cardinal Dr, Waterloo, IA 50701
0.13
$266,100
3
2.5
1,632
Off Market
108 Helen Rd, Waterloo, IA 50701
0.14
$287,500
4
3
2,652
Recently Sold
136 Kelly Ct, Waterloo, IA 50701
0.15
$306,700
4
3
625
Off Market

Local Information

  • Map ViewExplore the area around 2177 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1940
0.26 acre lot
1,744 sqft
$111/sqft
Garage

About this House

Cedar Falls Schools! This 3 Bedroom, 1 Bath Home Sits Back Off Of Rainbow Dr. On A Large Corner Lot. You Get To Enjoy All Of The Beauty And Privacy Of The Mature Trees That Surround The Property. The Open Floor Plan Between The Recently Remodeled Living Room And Kitchen Is Perfect For Entertaining Family And Friends. The Main Floor Also Features A Remodeled Bathroom, 2 Bedrooms, A Sunroom As Well As Main Floor Laundry. The Spacious Master Suite Has Vaulted Ceilings And A Large Walk-In Closet; Making It The Perfect Oasis After A Long Day's Work! Back Outside You Will Love The Huge 24x24 Garage With Driveway Access Off Of Longview Dr. Call Today For Additional Details Or To Schedule A Showing!
2177 Rainbow Dr, Waterloo, IA 50701 is a 3 bedroom, 1 bathroom, 1,744 sqft single-family home built in 1940. It last sold for $122,000 on Dec 21, 2018. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $194,100, with a rent estimate of $1,293/month.

Home Details for 2177 Rainbow Dr

Interior Features

Interior Details
BasementAtticNumber of Rooms: 3Types of Rooms: Dining Room
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Carpet, Hardwood, Linoleum Vinyl
Appliances & Utilities
DishwasherRefrigerator

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: VinylFoundation Type: Concrete BlockPorch
Parking & Garage
GarageParking: Carport, Garage Detached

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Lot Information

Lot Area: 0.26 acres

Price and Tax history

DateEventPrice
Dec 21, 2018
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20184773
Sold
$122,000
Nov 19, 2018
Source: Agent Provided
Pending
$124,900
Sep 4, 2018
Source: Agent Provided
Listed For Sale
$124,900
Sep 23, 2016
Source: N/A
ListingRemoved
$128,000
Jun 3, 2016
Source: N/A
PriceChange
$128,000
Price decreased by 2%

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."
    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

Frequently asked questions about 2177 Rainbow Dr

  • What is 2177 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 2177 Rainbow Dr in Waterloo, IA is $194,100.
  • What is the price history for 2177 Rainbow Dr?
    2177 Rainbow Dr in Waterloo, IA last sold for $122,000 in December 2018.
  • 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 2177 Rainbow Dr have air conditioning?
    Yes, 2177 Rainbow Dr in Waterloo, IA has air conditioning.
  • How big is the lot at 2177 Rainbow Dr?
    The lot at 2177 Rainbow Dr in Waterloo, IA is about 0.26 acres (11,326 sq ft).

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