2147 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 2147 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Single Family Home
Details	2 bd · 1.5 ba · 1,538 sqft · built 1967
Lot Size	0.566 acres (24,642 sqft)
Owner	2 Individual Names on Record
Tax Bill	$5,092 (2025)
Deeds & Mortgages	Feb 2021 Line of Credit Feb 2017 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`8913-17-452-005`

Property Details

APN / Parcel Number

Primary APN	`8913-17-452-005`

Interior

Bedrooms	2 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Total Rooms	6 Rooms
Stories	1 Story
Building Area	1,538 sqft Living Area
1st Floor Area	1,538 sqft
Basement Area	1,538 sqft
Finished Basement	425 sqft
Game Room	Game Room
Flooring	Carpet
Interior Walls	Wallboard/Drywall
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1967
Effective Year Built	Effective 1967
Exterior Material	Wood Siding
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	24,642 sqft (0.566 acres)
Lot Dimensions	333 ft deep x 74 ft wide
Deck Area	190 sqft
Patio Area	772 sqft
Shed	1 Shed

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	2147 RAINBOW DR
City	WATERLOO
State	IA
Zip	50701-1044
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	MIDWAY IN CASTLE HILL LOT 1
Legal Range	13W
Legal Township	89N
Legal Section	17
Legal Subdivision	MIDWAY IN CASTLE HILL
Legal Lot Number	1
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	2
Census Block	2022
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	2147 RAINBOW DR, WATERLOO, IA 50701-1044
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Feb 5, 2021	Deed of Trust, Mortgage · Line of Credit VERIDIAN CU
Feb 17, 2017	Deed of Trust, Mortgage · Line of Credit VERIDIAN CU

Assessor's Deed Record

Deed Names	2 Names on Deed
Record Updated	Oct 29, 2026

February 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	2147 RAINBOW DR, WATERLOO, IA 50701-1044
Transaction Type	Mortgage
Record Updated	Feb 22, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2147 RAINBOW DR, WATERLOO, IA 50701-1044

Mortgage

Document Number	202100016591
Date	Feb 5, 2021
Instrument	202100016591

Lender

Name	VERIDIAN CU
Type	Credit Union
Address	WATERLOO, IA 50704

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	300 Months
Due	Feb 4, 2046

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

February 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	2147 RAINBOW DR, WATERLOO, IA 50701-1044
Transaction Type	Mortgage
Record Updated	Feb 5, 2021
Title Company	BLACK HAWK COUNTY ABSTRACT, BLACK HAWK COUNTY

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201700014658
Date	Feb 17, 2017
Instrument	2017-00014658

Lender

Name	VERIDIAN CU
Type	Credit Union
Address	WATERLOO, IA 50704

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	300 Months
Due	Feb 16, 2042

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

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	Cedar Falls Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$5,092.00 (+1.23%) Homeowner's exemption	$275,670 (+8.56%) Land $33,860 Building $241,810	$275,670 (+8.56%) Land $33,860 Building $241,810
2024	$5,030.00 (+11.93%)
2023		$253,930 (+24.35%) Land $33,860 Building $220,070	$253,930 (+24.35%) Land $33,860 Building $220,070
2022	$4,494.00 Homeowner's exemption	$204,210 Land $33,860 Building $170,350
2021			$204,210 Land $33,860 Building $170,350

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	Direct 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 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 274 locations within half a mile, as of December 31, 2025

Provider	Max 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.

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