1509 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1509 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Religious, Church, Worship (Synagogue, Temple, Parsonage)
Details	2,400 sqft · built 1925
Lot Size	0.684 acres (29,795 sqft)
Owner	2 Individual Names on File
Last Sale	$208,500 (Feb 2018)
Tax Bill	$7,628 (2025)
Deeds & Mortgages	Feb 2018 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`8913-21-101-068`

Property Details

APN / Parcel Number

Primary APN	`8913-21-101-068`

Interior

Stories	1 Story
Building Area	2,400 sqft Adjusted Area
1st Floor Area	5,200 sqft
Basement Area	2,400 sqft
Unfinished Basement	2,400 sqft
Flooring	Vinyl/Resilient
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1925
Effective Year Built	Effective 1925
Exterior Material	Concrete Block
Construction Type	Concrete Block
Roof Material	Shingle
Lot Area	29,795 sqft (0.684 acres)

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C

Location & Zoning

Street Address	1509 RAINBOW DR
City	WATERLOO
State	IA
Zip	50701-1146
Property Category	Other
Property Type	Other > Religious, Church, Worship (Synagogue, Temple, Parsonage)
Legal Description	AUDITOR WHITNEY ROAD PLAT CASTLE HILL WATERLOO ALL THAT PART LOTS 37 & 38 LYING WITHIN THE FOL DESC BDRY: BEG AT PT OF INTER
Legal Range	13W
Legal Township	89N
Legal Section	21
Legal Subdivision	AUDITOR WHITNEY ROAD PLAT
Legal Lot Number	37,38
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	3
Census Block	3013
Census Tract	1503

Owner

Source: Black Hawk County records · APN 8913-21-101-068

Assessment roll updated October 17, 2025 · Last verified June 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Individual Names on File
Mailing Address	919 JUANITA AVE, CEDAR FALLS, IA 50613-1565
Owner Type	Individual

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Verified Names on Deed
Last Sale	Feb 09, 2018 · Amount on Record
Deed Sale	Feb 09, 2018 · Amount on Record
Deed Document Number	201813169
Record Updated	Sep 20, 2026

February 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BLACK HAWK IA
Recording Date	Feb 09, 2018
Property Address	1509 RAINBOW DR, WATERLOO, IA 50701-1146
Document Number	201800013169
Instrument Date	Feb 08, 2018
Instrument	201800013169
Transaction Type	Transfer
Record Updated	Feb 10, 2022

Transaction

Amount	Amount Recorded
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants
Address	919 JUANITA AVE, CEDAR FALLS, IA 50613-1565

Mortgage

Document Number	201800013170
Date	Feb 09, 2018
Instrument	201800013170

Lender

Name	FARMERS STATE BANK
Type	Bank

Agreement

Amount	Amount Recorded

Tax Assessment & Valuation

Source: Black Hawk County records · Assessment roll updated October 17, 2025 · Last verified June 2026

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

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

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$7,628.00	$256,250 (-31.75%) Land $51,300 Building $204,950	$256,250 (-31.75%) Land $51,300 Building $204,950
2024	$7,628.00 (-13.02%)
2023		$375,440 (+24.57%) Land $51,300 Building $324,140	$375,440 (+24.57%) Land $51,300 Building $324,140
2022	$8,770.00	$301,390 Land $51,300 Building $250,090
2021			$301,390 Land $51,300 Building $250,090

Flood & Wildfire

Source: FEMA National Flood Hazard Layer as of September 27, 2026 · FEMA NFIP claims and policies as of September 2026 · USDA Forest Service Wildfire Risk to Communities as of 2024 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X minimal risk
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

Wildfire

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 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.

Internet Providers

Source: FCC Broadband Data Collection as of December 31, 2025 · Last verified October 2026

Provider	Max Down / Up (Mbps)
Metronet Holdings Fiber	5,120 / 5,120
Mediacom Communications Cable · Fiber in parts of the area	1,000 / 50
Verizon Fixed Wireless	300 / 20
T-Mobile USA Fixed Wireless	100 / 20

May also be available: AMG Technology Investment Group, LTD Broadband, Lumen Technologies.

Based on FCC filings for 200 locations within half a mile of this property.

Drinking Water

Source: EPA Safe Drinking Water Information System as of 2026 Q3 · EPA water system boundaries as of March 2026 · Last verified October 2026

Water System	WATERLOO WATER WORKS serves 69,504 people
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 as reported to EPA, 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. The full violation and enforcement history is in the system's EPA record.