1720 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1720 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 1,064 sqft · built 1967
Lot Size	0.23 acres (10,010 sqft)
Owner	Individual Name on File
Last Sale	$178,000 (Oct 2024)
Tax Bill	$3,916 (2025)
Deeds & Mortgages	Dec 2019 Mortgage Oct 2023 Sale & Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`8913-16-352-025`

Property Details

APN / Parcel Number

Primary APN	`8913-16-352-025`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Half Baths	1 Half Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	1,064 sqft Living Area
1st Floor Area	1,064 sqft
Basement Area	1,064 sqft
Finished Basement	500 sqft
Unfinished Basement	1,064 sqft
Game Room	Game Room
Flooring	Carpet
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1967
Effective Year Built	Effective 1967
Exterior Material	Aluminum Siding
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	10,010 sqft (0.23 acres)
Lot Dimensions	154 ft deep x 65 ft wide
Garage Type	Attached
Garage Area	308 sqft
Parking Spaces	1 Parking Space
Deck Area	144 sqft
Patio Area	656 sqft
Shed	1 Shed

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1720 RAINBOW DR
City	WATERLOO
State	IA
Zip	50701-1177
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	FAIRMOUNT PLACE REPLAT CASTLE HILL LOT 44
Legal Range	13W
Legal Township	89N
Legal Section	16
Legal Subdivision	FAIRMOUNT PLACE REPLAT CASTLE
Legal Lot Number	44
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	2
Census Block	2018
Census Tract	1503

Owner

1720 Rainbow Dr is owned and occupied by an individual who bought it in October 2024.

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

Owner of Record	Individual Name on File
Mailing Address	1720 RAINBOW DR, WATERLOO, IA 50701-1177
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
Dec 17, 2019	Deed of Trust, Mortgage · Stand-Alone First Mortgage DAS ACQUISITION
Oct 18, 2023	Warranty Deed, Transfer · FHA Mortgage AMERICAN PACIFIC MORTGAGE CORP
Feb 14, 2023	Intrafamily Transfer, Transfer
Dec 17, 2019	Warranty Deed, Transfer · FHA Mortgage DAS ACQUISITION

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 18, 2024 · Amount on File
Deed Sale	Oct 18, 2024 · Amount on File
Prior Sale	Oct 18, 2023 · Amount on File
Deed Document Number	20245259
Prior Transfer Date	Feb 7, 2023
Prior Transfer Doc	0000011391
Record Updated	Oct 29, 2026

December 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1720 RAINBOW DR, WATERLOO, IA 50701-1177
Transaction Type	Mortgage
Record Updated	Oct 20, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	20202000010960
Date	Dec 17, 2019
Instrument	20202000010960

Lender

Name	DAS ACQUISITION

Agreement

Type	Stand-Alone First Mortgage
Amount	Amount on Record
Term	121 Months
Due	Jan 1, 2030

October 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BLACK HAWK IA
Recording Date	Oct 18, 2023
Property Address	1720 RAINBOW DR, WATERLOO, IA 50701-1177
Document Number	202400005259
Instrument Date	Oct 15, 2023
Instrument	202400005259
Transaction Type	Transfer
Record Updated	Oct 31, 2023
Title Company	TITLE SERVICES

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$284.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1720 RAINBOW DR, WATERLOO, IA 50701-1177

Mortgage

Document Number	202400005260
Date	Oct 18, 2023
Instrument	202400005260

Lender

Name	AMERICAN PACIFIC MORTGAGE CORP
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	361 Months
Due	Nov 1, 2053

February 2023: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	BLACK HAWK IA
Recording Date	Feb 14, 2023
Property Address	1720 RAINBOW DR, WATERLOO, IA 50701-1177
Document Number	202300011391
Instrument Date	Feb 7, 2023
Instrument	202300011391
Transaction Type	Transfer
Record Updated	Mar 1, 2023

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1720 RAINBOW DR, WATERLOO, IA 50701-1177

December 2019: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BLACK HAWK IA
Recording Date	Dec 17, 2019
Property Address	1720 RAINBOW DR, WATERLOO, IA 50701-1177
Document Number	20202000010958
Instrument Date	Dec 10, 2019
Instrument	20202000010958
Transaction Type	Transfer
Record Updated	Mar 1, 2023
Title Company	MISC COMPANY

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Joint Tenants
Address	1720 RAINBOW DR, WATERLOO, IA 50701-1177

Mortgage

Document Number	20202000010959
Date	Dec 17, 2019
Instrument	20202000010959

Lender

Name	DAS ACQUISITION

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	361 Months
Due	Jan 1, 2050

Tax Assessment & Valuation

The 2025 property tax bill for 1720 Rainbow Dr was $3,916, up 2% 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	$3,916.00 (+1.98%)	$191,840 Land $25,110 Building $166,730	$191,840 Land $25,110 Building $166,730
2024	$3,840.00
2023		$170,670 (+23.15%) Land $25,110 Building $145,560	$170,670 Land $25,110 Building $145,560
2022	$2,848.00 Homeowner's exemption	$138,590 Land $25,110 Building $113,480
2021			$138,590 Land $25,110 Building $113,480

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

Flood

FEMA maps place 1720 Rainbow Dr in Zone X, an area of minimal flood risk, though there have been 58 flood claims nearby since 1978.

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
Nearby Flood Policies	2 in force
Nearby Flood Claims	58 (1978–2016)
Most Recent Claim	Sep 2016 · Severe Storms And Flooding
Claims by Event	Severe Storms And Flooding, Sep 2016 · 5 claims Severe Storms, Tornadoes, And Flooding, Jun 2008 · 11 claims Severe Storms & Flooding, Aug 1993 · 12 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 1720 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 99.8% of the US · lower than 98.1% 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 200 locations within half a mile, as of December 31, 2025

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

May also be available: CenturyLink, GigFire, Nextlink.

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