1940 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1940 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Single Family Home
Details	3 bd · 1.5 ba · 1,434 sqft · built 1900
Lot Size	0.537 acres (23,400 sqft)
Owner	Individual Name on Record
Last Sale	$82,000 (Feb 2010)
Tax Bill	$3,728 (2025)
Deeds & Mortgages	Jul 2026 Mortgage Mar 2021 Line of Credit + 3 more
Flood Zone	Zone X (minimal risk)
APN	`8913-17-428-040`

Property Details

APN / Parcel Number

Primary APN	`8913-17-428-040`

Interior

Bedrooms	3 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Total Rooms	8 Rooms
Stories	1 Story
Building Area	1,434 sqft Living Area
1st Floor Area	748 sqft
Basement Area	1,326 sqft
Finished Basement	475 sqft
Flooring	Carpet
Interior Walls	Plaster
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1900
Effective Year Built	Effective 1900
Exterior Material	Vinyl
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	23,400 sqft (0.537 acres)
Lot Dimensions	325 ft deep x 72 ft wide
Garage Type	Detached
Garage Area	832 sqft
Parking Spaces	3 Parking Spaces
Deck Area	288 sqft
Patio Area	70 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1940 RAINBOW DR
City	WATERLOO
State	IA
Zip	50701-1041
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	AUDITOR WHITNEY ROAD PLAT CASTLE HILL PART LOT 63 COM 511.9 FT E OF NW COR SE SE SEC 17 T 89 R 13 TH E 71.5 FT TH S TO N LINE
Legal Range	13W
Legal Township	89N
Legal Section	17
Legal Subdivision	AUDITOR WHITNEY ROAD PLAT
Legal Lot Number	63
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	2
Census Block	2010
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	Individual Name on Record
Mailing Address	1940 RAINBOW DR, WATERLOO, IA 50701-1041
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Jul 7, 2026	Deed of Trust, Mortgage · Conventional Mortgage NONE LISTED ON DOCUMENT
Mar 22, 2021	Deed of Trust, Mortgage · Line of Credit VERIDIAN CU
Aug 4, 2017	Deed of Trust, Mortgage · Conventional Mortgage UNIVERSITY OF IOWA COMMUNITY CU
Aug 4, 2017	Deed of Trust, Mortgage · Conventional Mortgage UNIVERSITY OF IOWA COMMUNITY CU
Jun 18, 2019	Deed of Trust, Mortgage · Stand-Alone Refinance VERIDIAN CREDIT UNION

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 3, 2010 · Amount on Record
Deed Sale	Feb 3, 2010 · Amount on Record
Deed Document Number	201014695
Record Updated	Oct 29, 2026

July 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Recording Date	Jul 7, 2026
Property Address	1940 RAINBOW DR, WATERLOO, IA 50701-1041
Document Number	0000010119
Instrument Date	Jul 1, 2026
Instrument	202610119
Transaction Type	Mortgage
Record Updated	Jul 15, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1940 RAINBOW DR, WATERLOO, IA 50701-1041
Investor	Possibly a Property Investor

Mortgage

Document Number	0000010119,
Date	Jul 7, 2026
Instrument	202610119

Lender

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	120 Months
Due	Jul 20, 2036

Interest

Rate Type	Fixed Rate
Rate	6.48%
Initial Type	Fixed Rate
Max Rate	-1%

March 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1940 RAINBOW DR, WATERLOO, IA 50701-1041
Transaction Type	Mortgage
Record Updated	Apr 2, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1940 RAINBOW DR, WATERLOO, IA 50701-1041

Mortgage

Document Number	202100019791
Date	Mar 22, 2021
Instrument	202100019791

Lender

Name	VERIDIAN CU
Type	Credit Union
Address	WATERLOO, IA 50704

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	300 Months
Due	Mar 21, 2046

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

August 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1940 RAINBOW DR, WATERLOO, IA 50701-1041
Transaction Type	Mortgage
Record Updated	Feb 7, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201800002194
Date	Aug 4, 2017
Instrument	2018-00002194

Lender

Name	UNIVERSITY OF IOWA COMMUNITY CU
Type	Credit Union
Address	NORTH LIBERTY, IA 52317

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	181 Months
Due	Sep 5, 2032

August 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1940 RAINBOW DR, WATERLOO, IA 50701-1041
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201800002193
Date	Aug 4, 2017
Instrument	2018-00002193

Lender

Name	UNIVERSITY OF IOWA COMMUNITY CU
Type	Credit Union
Address	NORTH LIBERTY, IA 52317

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Sep 1, 2047

June 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1940 RAINBOW DR, WATERLOO, IA 50701-1041
Transaction Type	Mortgage
Record Updated	Jul 17, 2019

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201900019095
Date	Jun 18, 2019
Instrument	201900019095

Lender

Name	VERIDIAN CREDIT UNION

Agreement

Type	Stand-Alone Refinance
Amount	Amount Recorded
Term	181 Months
Due	Jul 1, 2034

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	$3,728.00 (-11.7%) Homeowner's exemption	$193,510 (-5.54%) Land $32,940 Building $160,570	$193,510 (-5.54%) Land $32,940 Building $160,570
2024	$4,222.00 (+26.33%)
2023		$204,870 (+27.23%) Land $32,940 Building $171,930	$204,870 (+27.23%) Land $32,940 Building $171,930
2022	$3,342.00 Homeowner's exemption	$161,020 Land $32,940 Building $128,080
2021			$161,020 Land $32,940 Building $128,080

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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