1603 Rainbow Dr
Cedar Falls, IA 50613
3 bd 1 ba 1,031 sqft Built 1900 Lot 12,632 sqft single_family
Most recent sale
$189,000
Oct 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 21, 2022 | Sold | $189,000 | MLS #660354 |
| Sep 17, 2022 | Listed | $189,000 | MLS #660354 |
| Oct 4, 2016 | Sold | $120,000 | Public Record |
| Oct 3, 2016 | Sold | $120,000 | NorthEastIARegional |
| Jul 25, 2016 | Price changed | $119,900 | MLS #20162639 |
| Jul 7, 2016 | Price changed | $127,400 | MLS #20162639 |
| Jun 5, 2016 | Price changed | $129,500 | MLS #20162639 |
| May 10, 2016 | Listed | $139,500 | MLS #20162639 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $141,440 | $28,490 | $169,930 | $2,476 |
| 2024 | $141,440 | $28,490 | $169,930 | $2,406 |
| 2020 | $93,070 | $24,690 | $117,760 | $1,990 |
| 2019 | $93,160 | $24,690 | $117,850 | $2,024 |
| 2018 | $93,160 | $24,690 | $117,850 | $2,016 |
| 2017 | $93,160 | $24,690 | $117,850 | $2,064 |
| 2016 | $93,160 | $24,690 | $117,850 | $1,928 |
| 2015 | $93,160 | $24,690 | $117,850 | $1,876 |
| 2014 | $88,930 | $24,690 | $113,620 | $1,826 |
| 2013 | $88,930 | $24,690 | $113,620 | $1,706 |
| 2012 | $84,690 | $24,690 | $109,380 | $1,716 |
| 2011 | $84,690 | $24,690 | $109,380 | $1,824 |
| 2010 | $88,510 | $20,320 | $108,830 | $1,797 |
| 2008 | $88,510 | $20,320 | $108,830 | $1,693 |
Property facts
Year built
1900
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,031 sqft
Lot size
12,632 sqft
ZIP code
50613
City
Cedar Falls
Street
Rainbow Dr
Coordinates
42.52078, -92.42694
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,547
Gross rental yield
9.82%
Implied cap rate
6.38%
Trend-extrapolated value
—
Frequently asked questions
When did 1603 Rainbow Dr last sell?
1603 Rainbow Dr most recently sold on Oct 21, 2022 for $189,000.
What is the current tax assessment for 1603 Rainbow Dr?
The most recent total assessment for 1603 Rainbow Dr (year 2025) is $169,930 with $2,476 in property tax.
How does 1603 Rainbow Dr's assessment compare to its last sale price?
The current assessment is 10.1% below the last sale price of $189,000.
When was 1603 Rainbow Dr built?
1603 Rainbow Dr was built in 1900.
How does 1603 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 1603 Rainbow Dr?
1603 Rainbow Dr is a 3 bed, 1 bath, 1,031 sqft, 12,632 sqft lot single_family.
Is 1603 Rainbow Dr a flip candidate?
No — 1603 Rainbow Dr does not appear in our flips dataset.
Is 1603 Rainbow Dr a tax-appeal candidate?
No — 1603 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
+4.1%
Implied 1-yr
+16.2%
2026 Q3
$449.8K
2026 Q4
$464.2K
ZIP 50613 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rainbow Dr