2216 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 2216 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property Type	Single Family Home
Details	3 bd · 3.5 ba · 1,247 sqft · built 1955
Lot Size	0.727 acres (31,675 sqft)
Owner	2 Individual Names on File
Last Sale	$196,500 (Jul 2009)
Tax Bill	$4,900 (2025)
Deeds & Mortgages	Oct 2026 Line of Credit May 2020 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`8913-17-403-009`

Property Details

APN / Parcel Number

Primary APN	`8913-17-403-009`
Alternative APN	`891317403007`

Interior

Bedrooms	3 Beds
Full Baths	3.5 Baths
Half Baths	1 Half Bath
Total Rooms	7 Rooms
Stories	1 Story
Building Area	1,247 sqft Living Area
1st Floor Area	1,008 sqft
Basement Area	1,008 sqft
Finished Basement	825 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1955
Effective Year Built	Effective 1955
Exterior Material	Vinyl
Construction Type	Frame
Foundation Type	Block
Roof Type	Gable
Roof Material	Asphalt
Lot Area	31,675 sqft (0.727 acres)
Lot Dimensions	181 ft deep x 175 ft wide
Garage Type	Attached
Garage Area	860 sqft
Parking Spaces	3 Parking Spaces
Deck Area	353 sqft
Patio Area	353 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	2216 RAINBOW DR
City	WATERLOO
State	IA
Zip	50701-1047
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	CLIFFDALE HEIGHTS LOT 2 & LOT 3 EXC ELY 70 FT
Legal Range	13W
Legal Township	89N
Legal Section	17
Legal Subdivision	CLIFFDALE HEIGHTS
Legal Lot Number	2,3
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	2
Census Block	2008
Census Tract	1503

Owner

2216 Rainbow Dr is owned and occupied by two individuals who bought it in July 2009.

Source: Black Hawk County records, as of October 12, 2026

Owner of Record	2 Individual Names on File
Mailing Address	2216 RAINBOW DR, WATERLOO, IA 50701-1047
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
Oct 5, 2026	Deed of Trust, Mortgage · Line of Credit UNION CREDIT UNION
May 6, 2020	Deed of Trust, Mortgage · Conventional Mortgage FIRST SECURITY STATE BANK
Aug 10, 2020	Deed of Trust, Mortgage · Line of Credit VERIDIAN CU

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Jul 14, 2009 · Amount on File
Deed Sale	Jul 14, 2009 · Amount on File
Prior Sale	May 19, 2005 · Amount on File
Deed Document Number	20092010001019
Prior Transfer Date	Jul 13, 2009
Prior Transfer Doc	2010002830
Record Updated	Oct 29, 2026

October 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Recording Date	Oct 5, 2026
Property Address	2216 RAINBOW DR, WATERLOO, IA 50701-1047
Document Number	0000015111
Instrument Date	Sep 29, 2026
Instrument	202615111
Transaction Type	Mortgage
Record Updated	Oct 12, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2216 RAINBOW DR, WATERLOO, IA 50701-1047

Mortgage

Document Number	0000015111,
Date	Oct 5, 2026
Instrument	202615111

Lender

Name	UNION CREDIT UNION

Agreement

Type	Line of Credit
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

May 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	2216 RAINBOW DR, WATERLOO, IA 50701-1047
Transaction Type	Mortgage
Record Updated	Jul 8, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202000019199
Date	May 6, 2020
Instrument	202000019199

Lender

Name	FIRST SECURITY STATE BANK
Type	Bank
Address	CEDAR FALLS, IA 50613

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	180 Months
Due	May 1, 2035

August 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	2216 RAINBOW DR, WATERLOO, IA 50701-1047
Transaction Type	Mortgage
Record Updated	Jul 8, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	202100003092
Date	Aug 10, 2020
Instrument	202100003092

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 9, 2045

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

Tax Assessment & Valuation

The 2025 property tax bill for 2216 Rainbow Dr was $4,900 with a homeowner's exemption, up 0.6% 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	Cedar Falls Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$4,900.00 (+0.57%) Homeowner's exemption	$280,240 Land $56,700 Building $223,540	$280,240 Land $56,700 Building $223,540
2024	$4,872.00
2023		$259,940 (+19.18%) Land $56,700 Building $203,240	$259,940 Land $56,700 Building $203,240
2022	$4,814.00 Homeowner's exemption	$218,100 Land $56,700 Building $161,400
2021			$218,100 Land $56,700 Building $161,400

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

Flood

FEMA maps place 2216 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 2216 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	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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