3123 Rainbow Dr
Cedar Falls, IA 50613
2 bd 2 ba 1,704 sqft Built 1935 Lot 36,155 sqft single_family
Most recent sale
$220,000
Sep 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 19, 2022 | Sold | $220,000 | Public Record |
| Sep 9, 2022 | Sold | $220,000 | NorthEastIARegional |
| Aug 10, 2022 | Listed | $209,900 | MLS #20223799 |
| Jun 16, 2020 | Sold | $126,000 | Public Record |
| Nov 2, 2016 | Sold | $110,000 | Public Record |
| Oct 28, 2016 | Sold | $110,000 | NorthEastIARegional |
| Sep 19, 2016 | Price changed | $119,900 | MLS #20163469 |
| Aug 30, 2016 | Price changed | $124,900 | MLS #20163469 |
| Jun 16, 2016 | Listed | $129,900 | MLS #20163469 |
| Aug 10, 2011 | Listing removed | $99,900 | NorthEastIARegional |
| Aug 10, 2011 | Sold | $98,000 | Public Record |
| Jun 1, 2011 | Listed | $99,900 | MLS #172344 |
| Dec 23, 2010 | Listing removed | $99,900 | NorthEastIARegional |
| Oct 14, 2010 | Listed | $99,900 | MLS #169526 |
| Oct 10, 2010 | Listing removed | $99,900 | NorthEastIARegional |
| Sep 7, 2010 | Listed | $99,900 | MLS #169004 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $190,580 | $36,840 | $227,420 | $3,134 |
| 2024 | $190,580 | $36,840 | $227,420 | $3,042 |
| 2023 | $168,200 | $36,840 | $205,040 | $2,810 |
| 2022 | $112,960 | $39,300 | $152,260 | $2,542 |
| 2021 | $96,770 | $39,300 | $136,070 | $2,458 |
| 2020 | $100,120 | $31,930 | $132,050 | $2,250 |
| 2019 | $100,120 | $31,930 | $132,050 | $2,288 |
| 2018 | $100,120 | $31,930 | $132,050 | $2,280 |
| 2017 | $100,120 | $31,930 | $132,050 | $2,232 |
| 2016 | $94,800 | $31,930 | $126,730 | $2,086 |
| 2015 | $94,800 | $31,930 | $126,730 | $1,956 |
| 2014 | $86,180 | $31,930 | $118,110 | $1,906 |
| 2013 | $86,180 | $31,930 | $118,110 | $1,928 |
| 2012 | $90,500 | $31,930 | $122,430 | $2,060 |
| 2011 | $90,500 | $31,930 | $122,430 | $1,763 |
| 2010 | $78,910 | $26,280 | $105,190 | $1,737 |
| 2008 | $78,910 | $26,280 | $105,190 | $1,637 |
Property facts
Year built
1935
Property type
single_family
Stories
2
Beds
2
Baths
2
Living area
1,704 sqft
Lot size
36,155 sqft
ZIP code
50613
City
Cedar Falls
Street
Rainbow Dr
Coordinates
42.51555, -92.40675
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
$2,556
Gross rental yield
13.94%
Implied cap rate
9.06%
Trend-extrapolated value
—
Frequently asked questions
When did 3123 Rainbow Dr last sell?
3123 Rainbow Dr most recently sold on Sep 19, 2022 for $220,000.
What is the current tax assessment for 3123 Rainbow Dr?
The most recent total assessment for 3123 Rainbow Dr (year 2025) is $227,420 with $3,134 in property tax.
How does 3123 Rainbow Dr's assessment compare to its last sale price?
The current assessment is 3.4% above the last sale price of $220,000.
When was 3123 Rainbow Dr built?
3123 Rainbow Dr was built in 1935.
How does 3123 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 3123 Rainbow Dr?
3123 Rainbow Dr is a 2 bed, 2 bath, 1,704 sqft, 36,155 sqft lot single_family.
Is 3123 Rainbow Dr a flip candidate?
No — 3123 Rainbow Dr does not appear in our flips dataset.
Is 3123 Rainbow Dr a tax-appeal candidate?
No — 3123 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