1229 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1229 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 1,036 sqft · built 1955
Lot Size	0.363 acres (15,800 sqft)
Owner	2 Individual Names on File
Tax Bill	$2,686 (2025)
Deeds & Mortgages	Jul 2026 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`8913-21-129-001`

Property Details

APN / Parcel Number

Primary APN	`8913-21-129-001`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Half Baths	2 Half Baths
Total Rooms	6 Rooms
Stories	1 Story
Building Area	1,036 sqft Living Area
1st Floor Area	1,036 sqft
Basement Area	1,036 sqft
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1955
Effective Year Built	Effective 1955
Exterior Material	Vinyl
Construction Type	Frame
Roof Type	Hip
Roof Material	Asphalt
Lot Area	15,800 sqft (0.363 acres)
Lot Dimensions	200 ft deep x 80 ft wide
Garage Type	Detached
Garage Area	640 sqft
Parking Spaces	2 Parking Spaces
Deck Area	144 sqft
Patio Area	60 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1229 RAINBOW DR
City	WATERLOO
State	IA
Zip	50701-1140
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	PLEASANT VALLEY CASTLE HILL LOT 22
Legal Range	13W
Legal Township	89N
Legal Section	21
Legal Subdivision	PLEASANT VALLEY CASTLE HILL
Legal Lot Number	22
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	3
Census Block	3010
Census Tract	1503

Owner

1229 Rainbow Dr is owned and occupied by two individuals.

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

Owner of Record	2 Individual Names on File
Mailing Address	1229 RAINBOW DR, WATERLOO, IA 50701-1140
Occupancy	Owner Occupied
Owner Type	Individual

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	2 Names on Deed
Record Updated	Oct 29, 2026

July 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Recording Date	Jul 22, 2026
Property Address	1229 RAINBOW DR, WATERLOO, IA 50701-1140
Document Number	0000010987
Instrument Date	Jul 7, 2026
Instrument	202610987
Transaction Type	Mortgage
Record Updated	Jul 28, 2026
Title Company	TITLE SERVICE AND LIAISON COMPANIES, INDECOMM GLOBAL SERVICES

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1229 RAINBOW DR, WATERLOO, IA 50701-1140

Mortgage

Document Number	0000010987,
Date	Jul 22, 2026
Instrument	202610987

Lender

Name	REGIONS BANK

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	360 Months
Due	Aug 1, 2056

Interest

Rate	6.52%
Max Rate	-1%

Tax Assessment & Valuation

The 2025 property tax bill for 1229 Rainbow Dr was $2,686 with a homeowner's exemption, up 4.4% 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	$2,686.00 (+4.35%) Homeowner's exemption	$166,090 Land $30,820 Building $135,270	$166,090 Land $30,820 Building $135,270
2024	$2,574.00
2023		$151,040 (+25.79%) Land $30,820 Building $120,220	$151,040 Land $30,820 Building $120,220
2022	$2,368.00 Homeowner's exemption	$120,070 Land $30,820 Building $89,250
2021			$120,070 Land $30,820 Building $89,250

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

Flood

FEMA maps place 1229 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 1229 Rainbow Dr is low, with 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 97% of the US · lower than 76% of Iowa
Wildfire Likelihood	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 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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