401 Dearborn Ave, Waterloo, IA 50703
SOLD
JAN 29, 2026

401 Dearborn Ave
Waterloo, IA 50703

  • 2 Beds
  • 1 Bath
  • 660 sqft

$75,889

Last Sold: Jan 29, 2026
5% below list $80K
$115/sqft
Est. Refi. Payment $559/mo*
Refinance Your Home

$75,889

Last Sold: Jan 29, 2026
5% below list $80K
$115/sqft
Est. Refi. Payment $559/mo*
Refinance Your Home
2 Beds
1 Bath
660 sqft

Local Information

  • Map ViewExplore the area around 401 Dearborn Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1949
Living Area
660 sqft
Price/Sqft
$115/sqft
Parking
Garage
HOA
None

About this House

Presenting a versatile real estate opportunity, this charming single-family home offers immense potential for both savvy investors seeking a reliable income stream and first-time homebuyers looking for an accessible entry point into homeownership. Currently operating as a sound rental property with a consistent history, it can be seamlessly maintained as an investment to immediately generate passive income. Alternatively, its comfortable layout, manageable size, and appealing location make it an ideal starter home, providing a fantastic foundation for those ready to leave renting behind and build equity. This property delivers exceptional flexibility, serving dual roles as a stable asset or a comfortable personal residence ready for your vision. Seller is a licensed Realtor in the State of Iowa. There are additional properties for sale, reach out or have your agent reach out for the current list.
401 Dearborn Ave, Waterloo, IA 50703 is a 2 bedroom, 1 bathroom, 660 sqft single-family home built in 1949. It last sold for $75,889 on Jan 29, 2026 (5% below the $80,000 asking price). It is currently off market. The Trulia Estimate is $74,000, with a rent estimate of $833/month.

Home Details for 401 Dearborn Ave

Interior Features

Interior Details
Basement: BlockNumber of Rooms: 3
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 660 Square Feet
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo Fireplace
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
Number of Carport Spaces: 1Number of Covered Spaces: 1GarageParking Spaces: 1Parking: 1 Stall,Detached Garage
Frontage
Road Surface Type: Concrete
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 30

Property Information

Year Built
Year Built: 1949
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Vinyl SidingNo Additional Parcels
Property Information
Parcel Number: 891230327006

Price & Status

Price
List Price: $80,000Price Per Sqft: $115/sqft
Status Change & Dates
Off Market Date: Sun Dec 14 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: WaterlooCommunity: BLOWERS ADDITION
School Information
Elementary School: Highland ElementaryJr High / Middle School: George Washington Carver AcademyHigh School: East High

Lot Information

Lot Area: 5227.2 sqft

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 20255996
Last check for updates: about 2 hours ago
Listed by Gordie Sorensen, (319) 269-1164
RE/MAX Concepts - Cedar Falls
Gerald Sorensen, (319) 269-1168
RE/MAX Concepts - Cedar Falls
Bought with: Lynette D Sorensen, (319) 504-2789, RE/MAX Concepts - Cedar Falls
Source: Northeast Iowa Regional BOR as distributed by MLS GRID, MLS#20255996

Price History for 401 Dearborn Ave

DatePriceEventSource
01/29/2026$75,889Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20255996
12/18/2025$80,000PendingNortheast Iowa Regional BOR as distributed by MLS GRID #20255996
06/07/2019$45,000Sold
Northeast Iowa Regional BOR as distributed by MLS GRID #20191901
04/20/2019$48,000PendingAgent Provided
04/20/2019$48,000Listed 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$1,064
Assessment$57,450
Home facts updated by county records

Comparable Sales for 401 Dearborn Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
507 California St, Waterloo, IA
0.25
Single-Family Home
$60,000
02/04/26
2
1
704
822 Colorado St, Waterloo, IA
0.24
Single-Family Home
$79,900
05/01/26
2
1
720
207 Polk St, Waterloo, IA
0.40
Single-Family Home
$76,000
12/05/25
2
1
720
420 Milton St, Waterloo, IA
0.36
Single-Family Home
$72,400
09/22/25
2
1
560
423 Archer Ave, Waterloo, IA
0.39
Single-Family Home
$82,000
06/15/26
2
1
1,037
135 Dearborn Ave, Waterloo, IA
0.25
Single-Family Home
$50,000
02/27/26
2
1
778

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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  • 354 Idaho St, Waterloo, IA 50703
    OFF MARKET
    Est. $124,200
    4 bd
    1 ba
    1,799 sqft
    354 Idaho St,
    Waterloo, IA 50703
    Sam Runyan, Structure Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 331 Idaho St, Waterloo, IA 50703
    OFF MARKET
    Est. $137,800
    3 bd
    1.5 ba
    1,507 sqft
    331 Idaho St,
    Waterloo, IA 50703
    Troy Olson, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 316 Dearborn Ave, Waterloo, IA 50703
    OFF MARKET
    Est. $73,700
    2 bd
    1 ba
    650 sqft
    316 Dearborn Ave,
    Waterloo, IA 50703
    Emily O'connell, Foundations Realty, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 327 Idaho St, Waterloo, IA 50703
    OFF MARKET
    Est. $95,200
    3 bd
    1 ba
    804 sqft
    327 Idaho St,
    Waterloo, IA 50703
    Zakary Jenn, Vine Valley Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 309 Dearborn Ave, Waterloo, IA 50703
    OFF MARKET
    Est. $67,900
    2 bd
    1 ba
    844 sqft
    309 Dearborn Ave,
    Waterloo, IA 50703
    James Snider, Cedar Valley Property Solutions-Charles City, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 615 Indiana St, Waterloo, IA 50703
    OFF MARKET
    Est. $163,300
    3 bd
    2 ba
    2,000 sqft
    615 Indiana St,
    Waterloo, IA 50703
    Nancy Conklin, Century 21 Signature Real Estate - Cedar Falls, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 609 Indiana St, Waterloo, IA 50703
    OFF MARKET
    Est. $140,000
    3 bd
    1 ba
    1,378 sqft
    609 Indiana St,
    Waterloo, IA 50703
    Brady Huls, Structure Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 301 Idaho St, Waterloo, IA 50703
    OFF MARKET
    Est. $91,700
    2 bd
    1 ba
    864 sqft
    301 Idaho St,
    Waterloo, IA 50703
    Jodi A Hulin, Soltice Station Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 723 Indiana St, Waterloo, IA 50703
    OFF MARKET
    Est. $77,900
    2 bd
    1 ba
    732 sqft
    723 Indiana St,
    Waterloo, IA 50703
    Kara Bartels, RE/MAX Alliance, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 551 Indiana St, Waterloo, IA 50703
    OFF MARKET
    Est. $61,000
    3 bd
    1 ba
    1,264 sqft
    551 Indiana St,
    Waterloo, IA 50703
    Chase Lyons, Oakridge Real Estate, Northeast Iowa Regional BOR as distributed by MLS GRID
  • 427 Adrian St, Waterloo, IA 50703
    SOLD
    NOV 10, 2025
    $151,000
    2 bd
    2 ba
    1,162 sqft
    427 Adrian St,
    Waterloo, IA 50703
    Amy Wienands, AWRE, EXP Realty, LLC, Northeast Iowa Regional BOR as distributed by MLS GRID
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Assigned Schools

These are the assigned schools for 401 Dearborn Ave.
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

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Homes for sale near 401 Dearborn Ave

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Off Market Homes Near 401 Dearborn Ave

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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 2026-08-06 18:12:31 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