1732 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1732 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Single Family Home
Details	2 bd · 2 ba · 960 sqft · built 1974
Lot Size	0.202 acres (8,800 sqft)
Owner	Individual Name on File
Last Sale	$162,000 (Mar 2023)
Tax Bill	$3,922 (2025)
Deeds & Mortgages	Mar 2023 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`8913-16-352-027`

Property Details

APN / Parcel Number

Primary APN	`8913-16-352-027`

Interior

Bedrooms	2 Beds
Full Baths	2 Baths
Total Rooms	4 Rooms
Stories	1 Story
Building Area	960 sqft Living Area
1st Floor Area	960 sqft
Basement Area	960 sqft
Finished Basement	700 sqft
Unfinished Basement	960 sqft
Game Room	Game Room
Flooring	Carpet
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1974
Effective Year Built	Effective 1974
Exterior Material	Vinyl
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	8,800 sqft (0.202 acres)
Lot Dimensions	100 ft deep x 66 ft wide
Garage Type	Attached
Garage Area	464 sqft
Parking Spaces	2 Parking Spaces
Porch	Porch
Porch Area	245 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1732 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 42
Legal Range	13W
Legal Township	89N
Legal Section	16
Legal Subdivision	FAIRMOUNT PLACE REPLAT CASTLE
Legal Lot Number	42
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	2
Census Block	2018
Census Tract	1503

Owner

1732 Rainbow Dr is owned and occupied by an individual who bought it in March 2023.

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

Owner of Record	Individual Name on File
Mailing Address	1732 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

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Mar 9, 2023 · Amount on File
Deed Sale	Mar 9, 2023 · Amount on File
Prior Sale	Jul 21, 2014 · Amount on File
Deed Document Number	202312302
Prior Transfer Date	Aug 5, 2016
Prior Transfer Doc	2017000025
Record Updated	Oct 29, 2026

March 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BLACK HAWK IA
Recording Date	Mar 9, 2023
Property Address	1732 RAINBOW DR, WATERLOO, IA 50701-1177
Document Number	202300012302
Instrument Date	Feb 27, 2023
Instrument	202300012302
Transaction Type	Transfer
Record Updated	Mar 24, 2023
Title Company	BLACK HAWK COUNTY ABSTRACT

Transaction

Amount	Amount on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$258.40
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1732 RAINBOW DR, WATERLOO, IA 50701-1177

Mortgage

Document Number	202300012303
Date	Mar 9, 2023
Instrument	202300012303

Lender

Name	DEERE EMPLOYEES CU
Type	Credit Union

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	Apr 1, 2053

Interest

Rate Type	Adjustable Rate
Rate	5.12%
Type Change Date	Apr 1, 2028
Change Frequency	Annually
Min Rate At Change	5.12%
Max Rate At Change	7.12%
Index	1-Year T-Bill
Max Rate	10.1%

Mortgage

Document Number	202300012304
Date	Mar 9, 2023
Instrument	202300012304

Lender

Name	DEERE EMPLOYEES CU
Type	Credit Union
Address	MOLINE, IL 61265

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	120 Months
Due	Mar 1, 2033

Tax Assessment & Valuation

The 2025 property tax bill for 1732 Rainbow Dr was $3,922, up 3.1% 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	$3,922.00 (+3.1%)	$192,140 Land $26,620 Building $165,520	$192,140 Land $26,620 Building $165,520
2024	$3,804.00
2023		$175,310 (+23.61%) Land $26,620 Building $148,690	$175,310 Land $26,620 Building $148,690
2022	$2,920.00 Homeowner's exemption	$141,830 Land $26,620 Building $115,210
2021			$141,830 Land $26,620 Building $115,210

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

Flood

FEMA maps place 1732 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 1732 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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