1539 Rainbow Dr
Belle Plaine, IA 52208
5 bd 3 ba 2,860 sqft Built 1980 Lot 16,117 sqft single_family
Most recent sale
$125,000
Oct 17, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 24, 2024 | Sold | $265,000 | IowaCity |
| Apr 20, 2024 | Price changed | $265,000 | IowaCity |
| Apr 1, 2024 | Price changed | $265,000 | CedarRapids |
| Mar 12, 2024 | Listed | $280,000 | IowaCity |
| Mar 7, 2024 | Price changed | $275,000 | CedarRapids |
| Feb 5, 2024 | Price changed | $280,000 | CedarRapids |
| Jan 19, 2024 | Price changed | $290,000 | CedarRapids |
| Nov 30, 2023 | Listed | $300,000 | CedarRapids |
| Oct 17, 2023 | Sold | $125,000 | Public Record |
| Feb 11, 2022 | Sold | $85,000 | Public Record |
| Aug 10, 1988 | Sold | $59,500 | Public Record |
| Apr 15, 1983 | Sold | $59,750 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $201,000 | $27,700 | $228,700 | $2,004 |
| 2024 | $201,000 | $27,700 | $228,700 | $2,070 |
| 2023 | $85,400 | $26,500 | $111,900 | $2,036 |
| 2022 | $71,500 | $21,200 | $92,700 | $1,994 |
| 2021 | $71,500 | $21,200 | $92,700 | $2,562 |
| 2020 | $94,800 | $21,000 | $115,800 | $2,510 |
| 2019 | $94,800 | $21,000 | $115,800 | $2,520 |
| 2018 | $93,800 | $17,700 | $111,500 | $2,248 |
| 2017 | $93,800 | $17,700 | $111,500 | $2,254 |
| 2016 | $90,200 | $17,000 | $107,200 | $2,394 |
| 2015 | $90,200 | $17,000 | $107,200 | $2,480 |
| 2013 | $99,800 | $13,900 | $113,700 | $2,320 |
| 2012 | $99,800 | $13,900 | $113,700 | $2,346 |
| 2011 | $99,800 | $13,900 | $113,700 | $2,306 |
| 2010 | $99,800 | $13,900 | $113,700 | $2,338 |
| 2007 | $99,800 | $13,900 | $113,700 | $1,936 |
Property facts
Year built
1980
Property type
single_family
Stories
—
Beds
5
Baths
3
Living area
2,860 sqft
Lot size
16,117 sqft
ZIP code
52208
City
Belle Plaine
Street
Rainbow Dr
Coordinates
41.90221, -92.26439
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$750
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1539 Rainbow Dr last sell?
1539 Rainbow Dr most recently sold on Oct 17, 2023 for $125,000.
What is the current tax assessment for 1539 Rainbow Dr?
The most recent total assessment for 1539 Rainbow Dr (year 2025) is $228,700 with $2,004 in property tax.
How does 1539 Rainbow Dr's assessment compare to its last sale price?
The current assessment is 83.0% above the last sale price of $125,000.
When was 1539 Rainbow Dr built?
1539 Rainbow Dr was built in 1980.
How does 1539 Rainbow Dr compare to others on Rainbow Dr?
We track 8 other properties on Rainbow Dr. Browse the list under "Other properties on Rainbow Dr" to compare beds, baths, and sale history.
What are the property facts for 1539 Rainbow Dr?
1539 Rainbow Dr is a 5 bed, 3 bath, 2,860 sqft, 16,117 sqft lot single_family.
Is 1539 Rainbow Dr a flip candidate?
Yes — 1539 Rainbow Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 1539 Rainbow Dr a tax-appeal candidate?
No — 1539 Rainbow Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.9%
Implied 1-yr
-15.6%
2026 Q2
$94.6K
2026 Q3
$89.7K
ZIP 52208 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rainbow Dr