1113 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1113 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Duplex
Details	2 bd · 2.5 ba · 1,154 sqft · built 2007
Lot Size	0.477 acres (20,790 sqft)
Owner	Company Name on File
Last Sale	$244,000 (Nov 2021)
Tax Bill	$6,314 (2025)
Deeds & Mortgages	Nov 2020 Sale & Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`8913-21-203-006`

Property Details

APN / Parcel Number

Primary APN	`8913-21-203-006`

Interior

Bedrooms	2 Beds
Full Baths	2.5 Baths
Half Baths	1 Half Bath
Total Rooms	8 Rooms
Stories	2 Stories
Building Area	1,154 sqft Total Area
1st Floor Area	624 sqft
Basement Area	624 sqft
Unfinished Basement	624 sqft
Game Room	Game Room
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 2007
Effective Year Built	Effective 2007
Architectural Style	Duplex Single
Exterior Material	Wood Shingle
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	20,790 sqft (0.477 acres)
Lot Dimensions	315 ft deep x 66 ft wide

Exterior Amenities

Porch	Slab
Porch Area	40 sqft
Deck Area	100 sqft
Patio Area	972 sqft
Total Buildings	2 Buildings

Utilities, Heating & Cooling

Cooling System	None
Heating System	HVAC

Location & Zoning

Street Address	1113 RAINBOW DR
City	WATERLOO
State	IA
Zip	50701-1156
Property Category	Residential
Property Type	Residential > Multi-Unit > Duplex
Legal Description	AUDITOR WHITNEY ROAD PLAT CASTLE HILL THAT PART W 66 FT E 198 FT LOT 21 DESC AS COM AT NW COR SAID TRACT TH S TO A PT ON W
Legal Range	13W
Legal Township	89N
Legal Section	21
Legal Subdivision	AUDITOR WHITNEY ROAD PLAT
Legal Tract	TH
Legal Lot Number	21
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	3
Census Block	3007
Census Tract	1503

Owner

1113 Rainbow Dr, a duplex, is owned by a company that bought it in November 2021.

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

Owner of Record	Company Name on File
Mailing Address	403 LINCOLN AVE, HOLLAND, IA 50642-8110
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	Nov 16, 2021 · Amount on File
Deed Sale	Nov 16, 2021 · Amount on File
Prior Sale	Nov 16, 2020 · Amount on File
Deed Document Number	202110575
Record Updated	Oct 29, 2026

November 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BLACK HAWK IA
Recording Date	Nov 16, 2020
Property Address	1113 RAINBOW DR, WATERLOO, IA 50701-1156
Document Number	202100010575
Instrument Date	Nov 6, 2020
Instrument	202100010575
Transaction Type	Transfer
Record Updated	Aug 9, 2022

Transaction

Amount	Amount on Record
Tax	$389.60
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	12643 S AVE, DIKE, IA 50624-8062

Mortgage

Document Number	202100010576
Date	Nov 16, 2020
Instrument	202100010576

Lender

Name	LINCOLN SAVINGS BANK
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	240 Months
Due	Nov 6, 2040

Tax Assessment & Valuation

The 2025 property tax bill for 1113 Rainbow Dr was $6,314, up 4.6% 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	Waterloo City
Unified School District	Waterloo Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$6,314.00 (+4.64%)	$309,420 Land $26,550 Building $282,870	$309,420 Land $26,550 Building $282,870
2024	$6,034.00
2023		$278,150 (+26.99%) Land $26,550 Building $251,600	$278,150 Land $26,550 Building $251,600
2022	$4,810.00	$219,030 Land $26,550 Building $192,480
2021			$219,030 Land $26,550 Building $192,480

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

Flood

FEMA maps place 1113 Rainbow Dr in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

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

Wildfire risk around 1113 Rainbow Dr is low, with less than a 0.01% annual chance of 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	Direct burnable vegetation

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 342 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
CenturyLink DSL	140 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: GigFire, Nextlink.

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