1135 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1135 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Single Family Home
Details	4 bd · 1.5 ba · 1,477 sqft · built 1907
Lot Size	0.256 acres (11,154 sqft)
Owner	Company Name on File
Last Sale	$51,500 (Dec 2021)
Tax Bill	$2,914 (2025)
Deeds & Mortgages	Feb 2021 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`8913-21-203-003`

Property Details

APN / Parcel Number

Primary APN	`8913-21-203-003`

Interior

Bedrooms	4 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Total Rooms	7 Rooms
Stories	2 Stories
Building Area	1,477 sqft Living Area
1st Floor Area	792 sqft
Basement Area	396 sqft
Unfinished Basement	396 sqft
Game Room	Game Room
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1907
Effective Year Built	Effective 1907
Exterior Material	Vinyl
Construction Type	Frame
Roof Type	Gambrel
Roof Material	Asphalt
Lot Area	11,154 sqft (0.256 acres)
Lot Dimensions	169 ft deep x 66 ft wide
Garage Type	Detached
Garage Area	520 sqft
Parking Spaces	2 Parking Spaces

Exterior Amenities

Porch	Porch
Porch Area	84 sqft
Deck Area	Deck Area
Shed	1 Shed
Shed Area	32 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1135 RAINBOW DR
City	WATERLOO
State	IA
Zip	50701-1156
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	AUDITOR WHITNEY ROAD PLAT CASTLE HILL WATERLOO LOT 19 EXC S 458.46 FT
Legal Range	13W
Legal Township	89N
Legal Section	21
Legal Subdivision	AUDITOR WHITNEY ROAD PLAT
Legal Lot Number	19
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	3
Census Block	3007
Census Tract	1503

Owner

1135 Rainbow Dr is owned by a company that bought it in December 2021.

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

Owner of Record	Company Name on File
Mailing Address	PO BOX 56, WATERLOO, IA 50704-0056
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	Dec 23, 2021 · Amount on File
Deed Sale	Dec 23, 2021 · Amount on File
Prior Sale	Dec 23, 2020 · Amount on File
Deed Document Number	202113355
Record Updated	Oct 29, 2026

February 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1135 RAINBOW DR, WATERLOO, IA 50701-1156
Transaction Type	Mortgage
Record Updated	Mar 11, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202100018073
Date	Feb 26, 2021
Instrument	202100018073

Lender

Name	FARMERS STATE BANK
Type	Bank
Address	WATERLOO, IA 50701

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	360 Months
Due	Feb 26, 2051

Tax Assessment & Valuation

The 2025 property tax bill for 1135 Rainbow Dr was $2,914, up 4.5% 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	$2,914.00 (+4.52%)	$142,780 Land $24,490 Building $118,290	$142,780 Land $24,490 Building $118,290
2024	$2,788.00
2023		$128,540 (+14.99%) Land $24,490 Building $104,050	$128,540 Land $24,490 Building $104,050
2022	$2,454.00	$111,780 Land $24,490 Building $87,290
2021			$111,780 Land $24,490 Building $87,290

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

Flood

FEMA maps place 1135 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 1135 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.

Nearby Properties on Rainbow Dr

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures