1015 Rainbow Dr, Cedar Falls, IA 50613 Property Records

Black Hawk County property record for 1015 Rainbow Dr, Cedar Falls, IA 50613

Property Summary

Property Type	Single Family Home
Details	2 bd · 1.5 ba · 888 sqft · built 1939
Lot Size	0.255 acres (11,113 sqft)
Owner	Company Name on File
Last Sale	$93,500 (Oct 2020)
Tax Bill	$2,040 (2025)
Deeds & Mortgages	Oct 2020 Foreclosure
Flood Zone	Zone X (minimal risk)
APN	`8913-18-158-003`

Property Details

APN / Parcel Number

Primary APN	`8913-18-158-003`

Interior

Bedrooms	2 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	888 sqft Living Area
1st Floor Area	888 sqft
Basement Area	888 sqft
Unfinished Basement	888 sqft
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1939
Effective Year Built	Effective 1939
Exterior Material	Aluminum Siding
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	11,113 sqft (0.255 acres)
Lot Dimensions	232 ft deep x 46 ft wide
Garage Type	Detached
Garage Area	576 sqft
Parking Spaces	2 Parking Spaces

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1015 RAINBOW DR
City	CEDAR FALLS
State	IA
Zip	50613-6554
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	HIGHVIEW FIRST ADDITION LOT 9 W 92.5 FT LOT 11 EXC WLY 46.5 FT THEREOF W 92.5 FT LOT 12 EXC WLY 46.5 FT THEREOF
Legal Range	13W
Legal Township	89N
Legal Section	18
Legal Subdivision	HIGHVIEW FIRST ADDITION
Legal Lot Number	9,11-12
Jurisdiction	BLACK HAWK IA
Township / Civil Division	CEDAR FALLS
Census Block Group	1
Census Block	1013
Census Tract	2400

Owner

1015 Rainbow Dr is owned by a company that acquired it in March 2022.

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

Owner of Record	Company Name on File
Mailing Address	1118 RAINBOW DR, CEDAR FALLS, IA 50613-6557
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 19, 2020 · Amount on File
Deed Sale	Oct 19, 2020 · Amount on File
Deed Document Number	20202100008243
Last Transfer Date	Mar 10, 2022
Transfer Doc	0000018237
Record Updated	Oct 29, 2026

October 2020: Legal Action/Court Order, Foreclosure

Document Type	Legal Action/Court Order
Jurisdiction	BLACK HAWK IA
Recording Date	Oct 19, 2020
Property Address	1015 RAINBOW DR, CEDAR FALLS, IA 50613-6554
Document Number	202100008243
Instrument Date	Oct 13, 2020
Instrument	202100008243
Transaction Type	Foreclosure
Record Updated	Feb 10, 2022

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$148.80
Amount Accuracy	Full Amount Stated

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	12991 N COUNTY ROAD, WELLINGTON, CO 80549-1918

Mortgage

Document Number	202100008244
Date	Oct 19, 2020
Instrument	202100008244

Lender

Name	FIDELITY BANK & TRUST
Type	Bank

Agreement

Type	Stand-Alone First Mortgage
Amount	Amount on Record

Tax Assessment & Valuation

The 2025 property tax bill for 1015 Rainbow Dr was $2,040, up 3.7% from the year before.

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

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$2,040.00 (+3.66%)	$135,930 Land $20,800 Building $115,130	$135,930 Land $20,800 Building $115,130
2024	$1,968.00
2023		$122,340 (+19.74%) Land $20,800 Building $101,540	$122,340 Land $20,800 Building $101,540
2022	$1,886.00	$102,170 Land $20,800 Building $81,370
2021			$102,170 Land $20,800 Building $81,370

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

Flood

FEMA maps place 1015 Rainbow Dr in Zone X, an area of minimal flood risk, though there have been 8 flood claims nearby since 1993.

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
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force
Nearby Flood Claims	8 (1993–2016)
Most Recent Claim	Sep 2016 · Severe Storms And Flooding
Claims by Event	Severe Storms And Flooding, Sep 2016 · 3 claims Severe Storms, Tornadoes, And Flooding, Jun 2008 · 4 claims

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

The area around 1015 Rainbow Dr has no burnable land within ember reach, so its wildfire risk is not rated.

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

Wildfire Risk	Not rated no burnable land within 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	CEDAR FALLS MUNICIPAL WATER UTILITIES serves 40,713 people · EPA ID IA0709084
Water Source	Groundwater
Last State Inspection	Jul 2025
Lead	1 ppb (2023–2025) 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 492 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Cedar Falls Utilities Fiber	10,000 / 10,000
Nextlink Fixed Wireless	1,000 / 1,000
Mediacom Xtream Cable	1,000 / 50
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless	100 / 20

May also be available: GigFire.

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