2138 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 2138 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property TypeSingle Family Home
Details3 bd · 1 ba · 1,183 sqft · built 1940
Lot Size0.587 acres (25,570 sqft)
Owner2 Individual Names on Record
Last Sale$169,000 (Dec 2024)
Tax Bill$2,918 (2025)
Flood ZoneZone X (minimal risk)
APN8913-17-404-044

Property Details

APN / Parcel Number

Primary APN8913-17-404-044

Interior

Bedrooms3 Beds
Full Baths1 Bath
Total Rooms6 Rooms
Stories1 Story
Building Area1,183 sqft Living Area
1st Floor Area816 sqft
AtticAttic
Attic Area367 sqft
Basement Area816 sqft
FlooringCarpet
Interior WallsPlaster

Exterior

Year BuiltBuilt 1940
Effective Year BuiltEffective 1940
Exterior MaterialAluminum Siding
Construction TypeFrame
Roof TypeGable
Roof MaterialAsphalt
Lot Area25,570 sqft (0.587 acres)
Lot Dimensions260 ft deep x 92 ft wide
Garage TypeDetached
Garage Area480 sqft
Parking Spaces2 Parking Spaces

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemHVAC

Location & Zoning

Street Address2138 RAINBOW DR
CityWATERLOO
StateIA
Zip50701-1066
Property CategoryResidential
Property TypeResidential > Single Family > Home
Legal DescriptionSTOUTS ADDITION IN CASTLE HILL LOT 1 W 28 FT LOT 2 EXC THAT DESC AS THE E 10.75 FT OF W 28 FT LOT 2 EXC N 150 FT
Legal Range13W
Legal Township89N
Legal Section17
Legal SubdivisionSTOUTS ADDITION
Legal Lot Number1,2
JurisdictionBLACK HAWK IA
Township / Civil DivisionWATERLOO
Census Block Group2
Census Block2009
Census Tract1503

Owner

Source: Black Hawk County records, as of May 27, 2026

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

Owner of Record2 Individual Names on Record
Mailing Address2138 RAINBOW DR, WATERLOO, IA 50701-1066
OccupancyOwner Occupied
Owner TypeIndividual
VestingJoint Tenants

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleDec 3, 2024 · Amount on Record
Deed SaleDec 3, 2024 · Amount on Record
Prior SaleMay 1, 2008 · Amount on Record
Deed Document Number202424187
Record UpdatedSep 20, 2026

Tax Assessment & Valuation

Source: Black Hawk County assessment roll, as of October 17, 2025

Property Jurisdictions

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

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$2,918.00 Homeowner's exemption$162,440 (+7.14%) Land $41,360 Building $121,080$162,440 (+7.14%) Land $41,360 Building $121,080
2024$2,918.00 (+9.12%)
2023$151,610 (+21.22%) Land $41,360 Building $110,250$151,610 (+21.22%) Land $41,360 Building $110,250
2022$2,674.00 Homeowner's exemption$125,070 Land $41,360 Building $83,710
2021$125,070 Land $41,360 Building $83,710

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 ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies2 in force
Nearby Flood Claims58 (1978–2016)
Most Recent ClaimSep 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 RiskLow
lower than 96% of the US · lower than 71% of Iowa
Wildfire Likelihood0.01% annual chance
ExposureDirect
burnable vegetation

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 SystemWATERLOO WATER WORKS
serves 69,504 people · EPA ID IA0790074
Water SourceGroundwater
Last State InspectionNov 2023
Lead2 ppb (2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
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 274 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Cedar Falls Utilities
Fiber
10,000 / 10,000
Mediacom Xtream
Cable · Fiber in parts of the area
1,000 / 50
Verizon
Fixed Wireless
300 / 20
T-Mobile
Fixed Wireless
100 / 20
AT&T
Fixed Wireless
100 / 20

May also be available: GigFire, Metronet, Nextlink.

Nearby Properties on Rainbow Dr

Nearby Streets

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