1011 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1011 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Single Family Home
Details	3 bd · 3 ba · 1,702 sqft · built 1955
Lot Size	0.75 acres (32,661 sqft)
Owner	Individual Name on Record
Last Sale	$240,500 (Apr 2025)
Tax Bill	$5,498 (2025)
Deeds & Mortgages	Mar 2024 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`8913-21-203-010`

Property Details

APN / Parcel Number

Primary APN	`8913-21-203-010`

Interior

Bedrooms	3 Beds
Full Baths	3 Baths
Half Baths	2 Half Baths
Total Rooms	6 Rooms
Stories	1 Story
Building Area	1,702 sqft Living Area
1st Floor Area	1,702 sqft
Basement Area	1,702 sqft
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1955
Effective Year Built	Effective 1955
Exterior Material	Aluminum Siding
Construction Type	Frame
Roof Type	Flat
Roof Material	Tar & Gravel
Lot Area	32,661 sqft (0.75 acres)
Lot Dimensions	171 ft deep x 191 ft wide
Garage Type	Detached
Garage Area	576 sqft
Parking Spaces	2 Parking Spaces
Porch	Slab
Porch Area	478 sqft
Patio Area	1,200 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1011 RAINBOW DR
City	WATERLOO
State	IA
Zip	50701-1136
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	CLYDE MILLER HEIGHTS IN CASTLE HILL LOT 2 BLK 2 LOT 3 BLK 2 LOT 4 BLK 2
Legal Range	13W
Legal Township	89N
Legal Section	21
Legal Subdivision	CLYDE MILLER HEIGHTS
Legal Block	2
Legal Lot Number	2-4
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	3
Census Block	3007
Census Tract	1503

Owner

Source: Black Hawk County records, as of September 1, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Individual Name on Record
Mailing Address	1011 RAINBOW DR, WATERLOO, IA 50701-1136
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Apr 3, 2025 · Amount on Record
Deed Sale	Apr 3, 2025 · Amount on Record
Deed Document Number	20254417
Prior Transfer Date	Apr 1, 2025
Prior Transfer Doc	0202504417
Record Updated	Oct 29, 2026

March 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1011 RAINBOW DR, WATERLOO, IA 50701-1136
Transaction Type	Mortgage
Record Updated	May 14, 2024

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202400011774
Date	Mar 27, 2024
Instrument	202400011774

Lender

Name	LINCOLN SAVINGS BANK
Type	Bank
Address	360 WESTFIELD AVE # 6, WATERLOO, IA 50701

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Apr 1, 2054

Interest

Rate Type	Adjustable Rate
Rate	7.12%
Adjustable	Adjustable Rate Rider
Type Change Date	Apr 1, 2031
Change Frequency	Annually
Min Rate At Change	5.12%
Max Rate At Change	9.12%
Index	1-Year CMT
Max Rate	13.1%

Tax Assessment & Valuation

Source: Black Hawk County assessment roll, as of October 17, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Black Hawk County
Municipality	Waterloo City
Unified School District	Waterloo Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$5,498.00 (+19.31%) Homeowner's exemption	$269,440 (+10.06%) Land $46,060 Building $223,380	$269,440 (+10.06%) Land $46,060 Building $223,380
2024	$4,608.00 (+7.21%)
2023		$244,820 (+17.71%) Land $46,060 Building $198,760	$244,820 (+17.71%) Land $46,060 Building $198,760
2022	$4,298.00 Homeowner's exemption	$207,980 Land $46,060 Building $161,920
2021			$207,980 Land $46,060 Building $161,920

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective September 27, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Claims	1 (2013)
Claims Outside the SFHA	1 of 1
Most Recent Claim	May 2013 · tidal / storm surge

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 91% of Iowa
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	WATERLOO WATER WORKS serves 69,504 people · EPA ID IA0790074
Water Source	Groundwater
Last State Inspection	Nov 2023
Lead	2 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 273 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Metronet Fiber	5,120 / 5,120
Mediacom Xtream Cable	1,000 / 50
Verizon Fixed Wireless	300 / 20
GigFire Fixed Wireless	150 / 130
AT&T Fixed Wireless	100 / 20
T-Mobile Fixed Wireless	100 / 20
Nextlink Fixed Wireless	100 / 20