1935 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1935 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Single Family Home
Details	3 bd · 3.5 ba · 1,352 sqft · built 2018
Lot Size	0.482 acres (21,000 sqft)
Owner	2 Individual Names on Record
Last Sale	$312,500 (Dec 2024)
Tax Bill	$6,004 (2025)
Deeds & Mortgages	Jul 2026 Line of Credit Jan 2019 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`8913-17-477-027`

Property Details

APN / Parcel Number

Primary APN	`8913-17-477-027`

Interior

Bedrooms	3 Beds
Full Baths	3.5 Baths
Half Baths	1 Half Bath
Total Rooms	7 Rooms
Stories	2 Stories
Building Area	1,352 sqft Living Area
1st Floor Area	676 sqft
Basement Area	676 sqft
Finished Basement	535 sqft
Game Room	Game Room
Flooring	Carpet
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 2018
Effective Year Built	Effective 2018
Exterior Material	Vinyl
Construction Type	Frame
Roof Type	Flat
Roof Material	Asphalt
Lot Area	21,000 sqft (0.482 acres)
Lot Dimensions	175 ft deep x 120 ft wide
Garage Type	Attached
Garage Area	576 sqft
Parking Spaces	2 Parking Spaces

Exterior Amenities

Porch	Slab
Porch Area	50 sqft
Deck Area	120 sqft
Patio Area	120 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1935 RAINBOW DR
City	WATERLOO
State	IA
Zip	50701-1040
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOBDELLS SECOND ADDITION TO CASTLE HILL LOTS 2 AND 3
Legal Range	13W
Legal Township	89N
Legal Section	17
Legal Subdivision	LOBDELLS SECOND ADDITION TO
Legal Lot Number	2,3
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	2
Census Block	2019
Census Tract	1503

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	2 Individual Names on Record
Mailing Address	1935 RAINBOW DR, WATERLOO, IA 50701-1040
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Joint Tenants

Deeds, Mortgages & Sale History

Date	Document
Jul 16, 2026	Deed of Trust, Mortgage · Line of Credit CEDAR RAPIDS BANK AND TRUST COMPANY
Jan 29, 2019	Deed of Trust, Mortgage · Stand-Alone First Mortgage UNIVERSITY OF IOWA CREDIT UNION
Dec 27, 2024	Deed, Transfer · Conventional Mortgage CEDAR RAPIDS BANK & TRUST CO

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Dec 27, 2024 · Amount on Record
Deed Sale	Dec 27, 2024 · Amount on Record
Prior Sale	Jan 29, 2019 · Amount on Record
Deed Document Number	202425383
Prior Transfer Date	Dec 16, 2019
Prior Transfer Doc	2020200001
Record Updated	Oct 29, 2026

July 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Recording Date	Jul 16, 2026
Property Address	1935 RAINBOW DR, WATERLOO, IA 50701-1040
Document Number	0000010595
Instrument Date	Jul 10, 2026
Instrument	202610595
Transaction Type	Mortgage
Record Updated	Jul 21, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1935 RAINBOW DR, WATERLOO, IA 50701-1040

Mortgage

Document Number	0000010595,
Date	Jul 16, 2026
Instrument	202610595

Lender

Name	CEDAR RAPIDS BANK AND TRUST COMPANY

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate
Rate	6.52%
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

January 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1935 RAINBOW DR, WATERLOO, IA 50701-1040
Transaction Type	Mortgage
Record Updated	Oct 21, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201900011612
Date	Jan 29, 2019
Instrument	201900011612

Lender

Name	UNIVERSITY OF IOWA CREDIT UNION

Agreement

Type	Stand-Alone First Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Feb 1, 2049

December 2024: Deed, Transfer

Document Type	Deed
Jurisdiction	BLACK HAWK IA
Recording Date	Dec 27, 2024
Property Address	1935 RAINBOW DR, WATERLOO, IA 50701-1040
Document Number	0202425383
Instrument Date	Dec 2, 2024
Instrument	2024-25383
Transaction Type	Transfer
Record Updated	Oct 21, 2025

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$499.20
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	1935 RAINBOW DR, WATERLOO, IA 50701-1040

Mortgage

Document Number	0202425384
Date	Dec 27, 2024
Instrument	2024-25384

Lender

Name	CEDAR RAPIDS BANK & TRUST CO
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Jan 1, 2055

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	$6,004.00 (+7.21%) Homeowner's exemption	$305,100 (+13.69%) Land $21,670 Building $283,430	$305,100 (+13.69%) Land $21,670 Building $283,430
2024	$5,600.00 (+28.5%)
2023		$268,350 (+29.46%) Land $21,670 Building $246,680	$268,350 (+29.46%) Land $21,670 Building $246,680
2022	$4,358.00 Homeowner's exemption	$207,290 Land $21,670 Building $185,620
2021			$207,290 Land $21,670 Building $185,620

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

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 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

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 96% of the US · lower than 71% of Iowa
Wildfire Likelihood	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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