2007 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 2007 Rainbow Dr, Waterloo, IA 50701 · Last verified August 2026

Property Highlights

Property TypeResidential > Single Family > Home
Bedrooms2 Beds
Bathrooms2 Baths
Year BuiltBuilt 1955
Square Footage880 sqft Living Area
Lot Size10,380 sqft (0.238 acres)
OccupancyOwner Occupied
Last Sale$172,000 (2025)
Tax Bill$2,874.00 (2025)

Property Details

APN / Parcel Number

Primary APN8913-17-476-005

Interior

Bedrooms2 Beds
Full Baths2 Baths
Partial Baths2 Partial Baths
Total Rooms6 Rooms
Building Area880 sqft Living Area
1st Floor880 sqft 1st Floor
Basement Area880 sqft Basement
Finished Basement375 sqft Finished
Unfinished Basement880 sqft Unfinished
Game RoomGame Room
Stories1 Stories
Primary FlooringCarpet Flooring
Interior StructureWallboard/Drywall Interior Structure

Exterior

Year BuiltBuilt 1955
Effective Year BuiltEffective 1955
Exterior MaterialVinyl Exterior
Construction TypeFrame Construction
Roof ConstructionGable Roof Construction
Roof MaterialAsphalt Roof
Lot Area10,380 sqft (0.238 acres)
Depth X Width173 ft x 60 ft Depth x Width
Parking Spaces2 Parking Spaces
Garage TypeDetached Garage
Garage Area576 sqft Garage
Deck Area272 sqft Deck
Patio Area272 sqft Patio

Utilities and HVAC

Cooling SystemCentral Cooling
Heating SystemHVAC Heating

Location & Zoning

Street Address2007 RAINBOW DR
CityWATERLOO
StateIA
Zip50701-1042
Property UsageResidential Property Usage
TypeResidential > Single Family > Home
Legal DescriptionLOBDELLS SECOND ADDITION TO CASTLE HILL LOT 36
Legal Range13W
Legal Township89N
Legal Section17
Legal SubdivisionLOBDELLS SECOND ADDITION
Legal Lot Number36
JurisdictionBLACK HAWK IA
Minor Civil DivisionWATERLOO
Census Blockgroup2
Census Block2020
Census Tract1503

Owner

Source: Black Hawk County records · APN 8913-17-476-005

Assessment roll updated October 17, 2025 · Last verified August 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordIndividual Name on File
Mailing Address2007 RAINBOW DR, WATERLOO, IA 50701-1042
OccupancyOwner Occupied
Owner TypeOwner is an Individual, Couple or Unincorporated Entity

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesVerified Name on Deed
Last SaleJan 29, 2025 · Amount on Record
Deed SaleJan 29, 2025 · Amount on Record
Prior SaleSep 16, 2022 · Amount on Record
Deed Doc Number20251309
Record RefreshedSep 20, 2026

September 2021: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionBLACK HAWK IA
Recording DateSep 16, 2021
Property Address2007 RAINBOW DR, WATERLOO, IA 50701-1042
Document Number202200005980
Instrument DateAug 31, 2021
Instrument202200005980
Transaction TypeTransfer
Record UpdatedSep 29, 2021
Title CompanyTITLE SERVICES CORPORATION

Transaction

AmountAmount Recorded
Loan-to-Value (LTV)LTV on Record
Tax$215.20
Amount AccuracyRounded Values by County
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address2007 RAINBOW DR, WATERLOO, IA 50701-1042

Mortgage

Document Number202200005981
DateSep 16, 2021
Instrument202200005981
Lender
NameGREENSTATE CU
TypeCredit Union
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term360 Months
DueSep 05, 2051
Interest
Rate TypeAdjustable Rate
Rate2.87%
Type Change DateSep 05, 2031
Change FrequencyAnnually
Min Rate At Change4.87%
Max Rate At Change4.87%
IndexOther
Max Rate8.87%

Mortgage

Document Number202200005982
DateSep 16, 2021
Instrument202200005982
Lender
NameGREENSTATE CU
TypeCredit Union
AddressNORTH LIBERTY, IA 52317
Agreement
TypeStand Alone Second Mortgage
AmountAmount Recorded
Term120 Months
DueSep 05, 2031

Tax Assessment & Valuation

Source: Black Hawk County records · Assessment roll updated October 17, 2025 · Last verified August 2026

Property Jurisdictions

TypeName
StateIowa
CountyBlack Hawk County
MunicipalityWaterloo City
Unified School DistrictWaterloo Community School District (PK - 12)

Tax Bill & Assessment History

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

YearTax BillAssessed ValueAssessed Market Value
2025$2,874.00 Homeowner's exemption$154,350 (+8.14%) Land $22,870 Building $131,480$154,350 (+8.14%) Land $22,870 Building $131,480
2024$2,874.00 (+19.75%)
2023$142,730 (+20.82%) Land $22,870 Building $119,860$142,730 (+20.82%) Land $22,870 Building $119,860
2022$2,400.00 Homeowner's exemption$118,130 Land $22,870 Building $95,260
2021$118,130 Land $22,870 Building $95,260

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Black Hawk County (19013C), updated September 27, 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood ZoneZone X
Flood HazardMinimal
500-Year FloodplainNo
Special Flood Hazard AreaNo

Wildfire

Wildfire RiskNot rated
no burnable land in reach
Wildfire LikelihoodNegligible
ExposureNone
beyond ember reach

Values are read at the parcel center point; lenders make the official flood determination.

Nearby Properties on Rainbow Dr

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