2221 Rainbow Dr, Waterloo, IA 50701 Property Records

Black Hawk County property record for 2221 Rainbow Dr, Waterloo, IA 50701

Property Summary

Property TypeDuplex
Details4 bd · 2.5 ba · 1,024 sqft · built 1981
Lot Size0.204 acres (8,896 sqft)
OwnerCompany Name on File
Tax Bill$3,604 (2025)
Flood ZoneZone X (minimal risk)
APN8913-17-451-002

Property Details

APN / Parcel Number

Primary APN8913-17-451-002

Interior

Bedrooms4 Beds
Full Baths2.5 Baths
Half Baths1 Half Bath
Total Rooms6 Rooms
Stories1 Story
Building Area1,024 sqft Total Area
1st Floor Area1,024 sqft
Basement Area1,024 sqft
Finished Basement900 sqft
Unfinished Basement1,024 sqft
Game RoomGame Room
FlooringCarpet
Interior WallsWallboard/Drywall

Exterior

Year BuiltBuilt 1981
Effective Year BuiltEffective 1981
Architectural StyleDuplex Single
Exterior MaterialVinyl
Construction TypeFrame
Roof TypeGable
Roof MaterialAsphalt
Lot Area8,896 sqft (0.204 acres)
Lot Dimensions139 ft deep x 64 ft wide
Garage TypeDetached
Garage Area576 sqft
Parking Spaces2 Parking Spaces
Patio Area240 sqft

Utilities, Heating & Cooling

Cooling SystemCentral
Heating SystemHVAC

Location & Zoning

Street Address2221 RAINBOW DR
CityWATERLOO
StateIA
Zip50701-1046
Property CategoryResidential
Property TypeResidential > Multi-Unit > Duplex
Legal DescriptionMIDWAY IN CASTLE HILL N 132.55 FT LOT 22
Legal Range13W
Legal Township89N
Legal Section17
Legal SubdivisionMIDWAY IN CASTLE HILL
Legal Lot Number22
JurisdictionBLACK HAWK IA
Township / Civil DivisionWATERLOO
Census Block Group2
Census Block2023
Census Tract1503

Owner

2221 Rainbow Dr, a duplex, is owned by a company.

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

Owner of RecordCompany Name on File
Mailing AddressPO BOX 538, HUDSON, IA 50643-0538
Owner TypeCompany
VestingCompany

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

Assessor's Deed Record

Deed NamesName on Deed
Record UpdatedOct 29, 2026

Tax Assessment & Valuation

The 2025 property tax bill for 2221 Rainbow Dr was $3,604, up 2% from the year before.

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$3,604.00 (+1.98%)$187,440 Land $24,000 Building $163,440$187,440 Land $24,000 Building $163,440
2024$3,534.00
2023$171,200 (+25.58%) Land $24,000 Building $147,200$171,200 Land $24,000 Building $147,200
2022$3,138.00$136,330 Land $24,000 Building $112,330
2021$136,330 Land $24,000 Building $112,330

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

Flood

FEMA maps place 2221 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 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

Wildfire risk around 2221 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 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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