1906 Rainbow Dr
Waterloo, IA 50701
4 bd 1 ba 2,000 sqft Built 1957 Lot 25,700 sqft single_family
Most recent sale
$185,000
May 24, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 24, 2022 | Sold | $185,000 | Public Record |
| May 23, 2022 | Sold | $185,000 | NorthEastIARegional |
| Apr 18, 2022 | Listed | $159,000 | MLS #20221528 |
| Feb 22, 2009 | Listing removed | $98,500 | NorthEastIARegional |
| Feb 19, 2009 | Listing removed | $98,500 | NorthEastIARegional |
| Jan 1, 2009 | Listed | $98,500 | MLS #160324 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $152,470 | $42,900 | $195,370 | $3,716 |
| 2024 | $152,470 | $42,900 | $195,370 | $3,418 |
| 2023 | $138,580 | $42,900 | $181,480 | $3,142 |
| 2022 | $109,060 | $42,900 | $151,960 | $3,250 |
| 2021 | $109,060 | $42,900 | $151,960 | $3,012 |
| 2020 | $98,670 | $34,320 | $132,990 | $2,964 |
| 2019 | $98,670 | $34,320 | $132,990 | $2,990 |
| 2018 | $98,670 | $34,320 | $132,990 | $2,876 |
| 2017 | $94,680 | $34,320 | $129,000 | $2,962 |
| 2016 | $94,680 | $34,320 | $129,000 | $2,926 |
| 2015 | $94,680 | $34,320 | $129,000 | $2,982 |
| 2014 | $94,680 | $34,320 | $129,000 | $2,906 |
| 2013 | $94,680 | $34,320 | $129,000 | $2,768 |
| 2012 | $94,680 | $34,320 | $129,000 | $2,722 |
| 2011 | $94,680 | $34,320 | $129,000 | $2,349 |
| 2010 | $85,870 | $27,540 | $113,410 | $2,274 |
| 2008 | $85,870 | $27,540 | $113,410 | $2,165 |
Property facts
Year built
1957
Property type
single_family
Stories
1
Beds
4
Baths
1
Living area
2,000 sqft
Lot size
25,700 sqft
ZIP code
50701
City
Waterloo
Street
Rainbow Dr
Coordinates
42.51525, -92.39854
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,110
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 1906 Rainbow Dr last sell?
1906 Rainbow Dr most recently sold on May 24, 2022 for $185,000.
What is the current tax assessment for 1906 Rainbow Dr?
The most recent total assessment for 1906 Rainbow Dr (year 2025) is $195,370 with $3,716 in property tax.
How does 1906 Rainbow Dr's assessment compare to its last sale price?
The current assessment is 5.6% above the last sale price of $185,000.
When was 1906 Rainbow Dr built?
1906 Rainbow Dr was built in 1957.
How does 1906 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 1906 Rainbow Dr?
1906 Rainbow Dr is a 4 bed, 1 bath, 2,000 sqft, 25,700 sqft lot single_family.
Is 1906 Rainbow Dr a flip candidate?
No — 1906 Rainbow Dr does not appear in our flips dataset.
Is 1906 Rainbow Dr a tax-appeal candidate?
No — 1906 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
-1.1%
Implied 1-yr
-4.3%
2026 Q3
$196.2K
2026 Q4
$193.9K
ZIP 50701 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rainbow Dr