1417 Falls Ave, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1417 Falls Ave, Waterloo, IA 50701

Property Summary

Property Type	Commercial
Details	5,280 sqft · built 1979
Lot Size	0.331 acres (14,418 sqft)
Owner	Company Name on Record
Last Sale	$250,000 (Dec 2023)
Tax Bill	$4,446 (2025)
Deeds & Mortgages	Feb 2023 Line of Credit Dec 2022 Line of Credit
Flood Zone	Zone X (reduced by levee)
APN	`8913-27-202-003`

Property Details

APN / Parcel Number

Primary APN	`8913-27-202-003`

Interior

Stories	1 Story
Building Area	5,280 sqft Gross Area
Overhead Door	Overhead Door

Exterior

Year Built	Built 1979
Effective Year Built	Effective 1979
Roof Material	Metal
Lot Area	14,418 sqft (0.331 acres)
Lot Dimensions	150 ft deep x 96 ft wide

Utilities, Heating & Cooling

Heating System	Space Heater

Location & Zoning

Street Address	1417 FALLS AVE
City	WATERLOO
State	IA
Zip	50701-5325
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	AUD RAINBOWS WEST SIDE PLAT WATERLOO PART OF LOT 42 COM AT NE COR OF NW NW NE 1/4 SEC 27 T 89 R 13 TH S 38.82 FT TO NLY COR
Legal Range	13W
Legal Township	89N
Legal Section	27
Legal Subdivision	AUD RAINBOWS WEST SIDE PLAT
Legal Lot Number	42
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	1
Census Block	1050
Census Tract	400

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	Company Name on Record
Mailing Address	714 SUNRISE BLVD, WATERLOO, IA 50701-4948
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Feb 27, 2023	Deed of Trust, Mortgage · Line of Credit FARMERS STATE BANK
Dec 22, 2022	Deed of Trust, Mortgage · Line of Credit FARMERS STATE BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 22, 2023 · Amount on Record
Deed Sale	Dec 22, 2023 · Amount on Record
Prior Sale	Dec 22, 2022 · Amount on Record
Deed Document Number	20239439
Record Updated	Oct 29, 2026

February 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1417 FALLS AVE, WATERLOO, IA 50701-5325
Transaction Type	Mortgage
Record Updated	Mar 13, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202300011818
Date	Feb 27, 2023
Instrument	202300011818

Lender

Name	FARMERS STATE BANK
Type	Bank
Address	WATERLOO, IA 50701

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	358 Months
Due	Dec 22, 2052

December 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1417 FALLS AVE, WATERLOO, IA 50701-5325
Transaction Type	Mortgage
Record Updated	Jan 13, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202300009440
Date	Dec 22, 2022
Instrument	202300009440

Lender

Name	FARMERS STATE BANK
Type	Bank
Address	WATERLOO, IA 50701

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	360 Months
Due	Dec 22, 2052

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	$4,446.00 (+9.72%)	$165,970 (+9.39%) Land $33,100 Building $132,870	$165,970 (+9.39%) Land $33,100 Building $132,870
2024	$4,052.00 (+54.77%)
2023		$151,730 (+27.31%) Land $33,100 Building $118,630	$151,730 (+27.31%) Land $33,100 Building $118,630
2022	$2,618.00	$119,180 Land $21,600 Building $97,580
2021			$119,180 Land $21,600 Building $97,580

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

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 reduced by levee · depends on levee performance
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	3 in force

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 41 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
GigFire Fixed Wireless	150 / 130

May also be available: Nextlink, Verizon.

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