1503 Rainbow Dr, Cedar Falls, IA 50613 Property Records

Black Hawk County property record for 1503 Rainbow Dr, Cedar Falls, IA 50613

Property Summary

Property Type	Single Family Home
Details	3 bd · 4 ba · 1,456 sqft · built 1964
Lot Size	0.242 acres (10,560 sqft)
Owner	2 Individual Names on File
Last Sale	$217,500 (Jun 2021)
Tax Bill	$4,244 (2025)
Deeds & Mortgages	Mar 2021 Line of Credit Jun 2021 Re-recorded Document + 1 more
Flood Zone	Zone X (minimal risk)
APN	`8913-18-178-006`

Property Details

APN / Parcel Number

Primary APN	`8913-18-178-006`

Interior

Bedrooms	3 Beds
Full Baths	4 Baths
Half Baths	2 Half Baths
Total Rooms	7 Rooms
Stories	1 Story
Building Area	1,456 sqft Living Area
1st Floor Area	1,190 sqft
Basement Area	1,456 sqft
Finished Basement	1,050 sqft
Unfinished Basement	1,456 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1964
Effective Year Built	Effective 1964
Exterior Material	Vinyl
Construction Type	Frame
Foundation Type	Block
Roof Type	Gable
Roof Material	Asphalt
Lot Area	10,560 sqft (0.242 acres)
Lot Dimensions	160 ft deep x 66 ft wide
Garage Type	Attached
Garage Area	288 sqft
Parking Spaces	1 Parking Space
Deck Area	308 sqft
Patio Area	308 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1503 RAINBOW DR
City	CEDAR FALLS
State	IA
Zip	50613-6564
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	CHRISTIE AND TRUAX ADDITION LOT 3
Legal Range	13W
Legal Township	89N
Legal Section	18
Legal Subdivision	CHRISTIE AND TRUAX ADDITION
Legal Lot Number	3
Jurisdiction	BLACK HAWK IA
Township / Civil Division	CEDAR FALLS
Census Block Group	5
Census Block	5003
Census Tract	2400

Owner

1503 Rainbow Dr is owned and occupied by two individuals who bought it in June 2021.

Source: Black Hawk County records, as of October 20, 2026

Owner of Record	2 Individual Names on File
Mailing Address	1503 RAINBOW DR, CEDAR FALLS, IA 50613-6564
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

Date	Document
Mar 25, 2021	Deed of Trust, Mortgage · Line of Credit VERIDIAN CU
Jun 29, 2021	Re-recorded Document
Jun 7, 2021	Warranty Deed, Transfer · Conventional Mortgage FARMERS STATE BANK

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jun 7, 2021 · Amount on File
Deed Sale	Jun 7, 2021 · Amount on File
Prior Sale	Jun 24, 2010 · Amount on File
Deed Document Number	202125780
Prior Transfer Date	Jun 4, 2021
Prior Transfer Doc	0000027689
Record Updated	Oct 29, 2026

March 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1503 RAINBOW DR, CEDAR FALLS, IA 50613-6564
Transaction Type	Mortgage
Record Updated	Aug 9, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1503 RAINBOW DR, CEDAR FALLS, IA 50613-6564

Mortgage

Document Number	202100020107
Date	Mar 25, 2021
Instrument	202100020107

Lender

Name	VERIDIAN CU
Type	Credit Union
Address	WATERLOO, IA 50704

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	180 Months
Due	Mar 24, 2036

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

June 2021: Re-recorded Document

Document Type	Re-recorded Document
Jurisdiction	BLACK HAWK IA
Recording Date	Jun 29, 2021
Property Address	1503 RAINBOW DR, CEDAR FALLS, IA 50613-6564
Document Number	202100027689
Instrument Date	Jun 4, 2021
Instrument	202100027689
Record Updated	Aug 9, 2022

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	1503 RAINBOW DR, CEDAR FALLS, IA 50613-6564

June 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BLACK HAWK IA
Recording Date	Jun 7, 2021
Property Address	1503 RAINBOW DR, CEDAR FALLS, IA 50613-6564
Document Number	202100025780
Instrument Date	Jun 4, 2021
Instrument	202100025780
Transaction Type	Transfer
Record Updated	Aug 9, 2022

Transaction

Amount	Amount on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$347.20
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants with Right of Survivorship
Address	1503 RAINBOW DR, CEDAR FALLS, IA 50613-6564

Mortgage

Document Number	202100025781
Date	Jun 7, 2021
Instrument	202100025781

Lender

Name	FARMERS STATE BANK
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Jul 1, 2051

Mortgage

Document Number	202100025782
Date	Jun 7, 2021
Instrument	202100025782

Lender

Name	FARMERS STATE BANK
Type	Bank
Address	WATERLOO, IA 50701

Agreement

Type	Stand-Alone Second Mortgage
Amount	Amount on Record
Term	180 Months
Due	Jun 4, 2036

Tax Assessment & Valuation

The 2025 property tax bill for 1503 Rainbow Dr was $4,244 with a homeowner's exemption, up 3.6% 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	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	$4,244.00 (+3.61%) Homeowner's exemption	$293,600 Land $25,740 Building $267,860	$293,600 Land $25,740 Building $267,860
2024	$4,096.00
2023		$264,810 (+19.83%) Land $25,740 Building $239,070	$264,810 Land $25,740 Building $239,070
2022	$3,916.00 Homeowner's exemption	$220,990 Land $25,740 Building $195,250
2021			$220,990 Land $25,740 Building $195,250

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

Flood

FEMA maps place 1503 Rainbow Dr in Zone X, an area of minimal flood risk, though there have been 4 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
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	3 in force
Nearby Flood Claims	4 (1993–1999)
Most Recent Claim	Jul 1999 · Severe Storms And Flooding
Claims by Event	Severe Storms & Flooding, Jul 1993 · 3 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

Wildfire risk around 1503 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 98% of the US · lower than 82% 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	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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