1947 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 1947 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Single Family Home
Details	1 bd · 1 ba · 798 sqft · built 1955
Lot Size	0.269 acres (11,700 sqft)
Owner	Individual Name on File
Last Sale	$70,000 (Jan 2020)
Tax Bill	$2,190 (2025)
Deeds & Mortgages	Aug 2017 Line of Credit Nov 2018 Line of Credit + 1 more
Flood Zone	Zone X (minimal risk)
APN	`8913-17-477-001`

Property Details

APN / Parcel Number

Primary APN	`8913-17-477-001`

Interior

Bedrooms	1 Bed
Full Baths	1 Bath
Total Rooms	4 Rooms
Stories	1 Story
Building Area	798 sqft Living Area
1st Floor Area	798 sqft
Basement Area	798 sqft
Unfinished Basement	798 sqft
Game Room	Game Room
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1955
Effective Year Built	Effective 1955
Exterior Material	Vinyl
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	11,700 sqft (0.269 acres)
Lot Dimensions	195 ft deep x 60 ft wide
Garage Type	Detached
Garage Area	308 sqft
Parking Spaces	1 Parking Space

Exterior Amenities

Porch	Slab
Porch Area	30 sqft
Deck Area	164 sqft
Patio Area	164 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	1947 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 LOT 4
Legal Range	13W
Legal Township	89N
Legal Section	17
Legal Subdivision	LOBDELLS SECOND ADDITION
Legal Lot Number	4
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	2
Census Block	2019
Census Tract	1503

Owner

1947 Rainbow Dr is owned and occupied by an individual who acquired it in October 2024.

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

Owner of Record	Individual Name on File
Mailing Address	1947 RAINBOW DR, WATERLOO, IA 50701-1040
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
Aug 18, 2017	Deed of Trust, Mortgage · Line of Credit VERIDIAN CU
Nov 19, 2018	Deed of Trust, Mortgage · Line of Credit VERIDIAN CREDIT UNION
Jan 8, 2020	Warranty Deed, Transfer · ARM VERIDIAN CREDIT UNION

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 8, 2020 · Amount on File
Deed Sale	Jan 8, 2020 · Amount on File
Prior Sale	Dec 13, 2005 · Amount on File
Deed Document Number	20202000012173
Last Transfer Date	Oct 11, 2024
Transfer Doc	0202422289
Record Updated	Oct 29, 2026

August 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1947 RAINBOW DR, WATERLOO, IA 50701-1040
Transaction Type	Mortgage
Record Updated	Jun 1, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201800003043
Date	Aug 18, 2017
Instrument	2018-00003043

Lender

Name	VERIDIAN CU
Type	Credit Union
Address	WATERLOO, IA 50704

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	300 Months
Due	Aug 10, 2042

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

November 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	1947 RAINBOW DR, WATERLOO, IA 50701-1040
Transaction Type	Mortgage
Record Updated	Jun 1, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201900007968
Date	Nov 19, 2018
Instrument	201900007968

Lender

Name	VERIDIAN CREDIT UNION
Type	Credit Union

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	290 Months
Due	Jan 1, 2043

January 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BLACK HAWK IA
Recording Date	Jan 8, 2020
Property Address	1947 RAINBOW DR, WATERLOO, IA 50701-1040
Document Number	20202000012173
Instrument Date	Jan 7, 2020
Instrument	20202000012173
Transaction Type	Transfer
Record Updated	Jun 1, 2023

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 with Right of Survivorship
Address	1947 RAINBOW DR, WATERLOO, IA 50701-1040

Mortgage

Document Number	20202000012174
Date	Jan 8, 2020
Instrument	20202000012174

Lender

Name	VERIDIAN CREDIT UNION

Agreement

Type	ARM
Amount	Amount on Record
Term	361 Months
Due	Feb 1, 2050

Interest

Rate Type	Adjustable Rate
Rate	4.7%
Type Change Date	Feb 1, 2030
Index	Other

Tax Assessment & Valuation

The 2025 property tax bill for 1947 Rainbow Dr was $2,190 with a homeowner's exemption, up 2.6% 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	$2,190.00 (+2.62%) Homeowner's exemption	$118,210 Land $12,380 Building $105,830	$118,210 Land $12,380 Building $105,830
2024	$2,134.00
2023		$108,600 (+22.77%) Land $12,380 Building $96,220	$108,600 Land $12,380 Building $96,220
2022	$1,748.00 Homeowner's exemption	$88,460 Land $12,380 Building $76,080
2021			$88,460 Land $12,380 Building $76,080

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

Flood

FEMA maps place 1947 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 1947 Rainbow Dr is low, with 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 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.

Nearby Properties on Rainbow Dr

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures