2306 Rainbow Dr, Cedar Falls, IA 50613 Property Records

Black Hawk County property record for 2306 Rainbow Dr, Cedar Falls, IA 50613

Property Summary

Property Type	Single Family Home
Details	4 bd · 5 ba · 2,320 sqft · built 1913
Lot Size	0.432 acres (18,850 sqft)
Owner	2 Individual Names on File
Tax Bill	$4,864 (2024)
Deeds & Mortgages	May 2023 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`8913-18-427-020`

Property Details

APN / Parcel Number

Primary APN	`8913-18-427-020`
Alternative APN	`8913-18-427-023`

Interior

Bedrooms	4 Beds
Full Baths	5 Baths
Half Baths	3 Half Baths
Total Rooms	8 Rooms
Stories	2 Stories
Building Area	2,320 sqft Living Area
1st Floor Area	1,140 sqft
Basement Area	1,140 sqft
Flooring	Combination, Other
Interior Walls	Plaster
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1913
Architectural Style	Other
Exterior Material	Brick
Construction Type	Brick
Foundation Type	Concrete
Roof Type	Hip
Roof Material	Asphalt
Lot Area	18,850 sqft (0.432 acres)
Lot Dimensions	145 ft deep x 130 ft wide
Garage Type	Detached
Garage Area	912 sqft
Parking Spaces	4 Parking Spaces

Exterior Amenities

Porch	Enclosed Porch
Porch Area	90 sqft
Deck Area	371 sqft
Patio Area	371 sqft
Shed	1 Shed

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	HVAC

Location & Zoning

Old Parcel Number	8913-18-427-020
Street Address	2306 RAINBOW DR
City	CEDAR FALLS
State	IA
Zip	50613-4755
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	DIV O FIRST ADD CEDAR HEIGHTS LOT 24 LOT 25 AND PAR E PLAT OF SURVEY #2024-08957 BEING A PART OF LOT 23 DESC AS FOL COM AT
Legal Range	13
Legal Township	89
Legal Section	18
Legal Subdivision	CEDAR HEIGHTS FIRST ADD DIV O
Legal Lot Number	23-25
Jurisdiction	BLACK HAWK IA
Township / Civil Division	CEDAR FALLS
Census Block Group	2
Census Block	2010
Census Tract	2400

Owner

Source: Black Hawk County assessment roll, as of May 1, 2025

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 File
Co-owner	Verified Secondary Owner
Mailing Address	2306 RAINBOW DR, CEDAR FALLS, IA 50613-4755
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Verified Names on Deed
Record Updated	Jun 8, 2026

May 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	2306 RAINBOW DR, CEDAR FALLS, IA 50613-4755
Transaction Type	Mortgage
Record Updated	Oct 17, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	2306 RAINBOW DR, CEDAR FALLS, IA 50613-4755

Mortgage

Document Number	202300014639
Date	May 2, 2023
Instrument	202300014639

Lender

Name	VERIDIAN CU
Type	Credit Union
Address	WATERLOO, IA 50701

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	May 1, 2053

Interest

Rate Type	Adjustable Rate
Rate	6.12%
Type Change Date	May 1, 2030
Change Frequency	Annually
Min Rate At Change	4.12%
Max Rate At Change	8.12%
Index	1-Year T-Bill
Max Rate	12.1%

Tax Assessment & Valuation

Source: Black Hawk County assessment roll, as of May 1, 2025

Property Jurisdictions

Type	Name
State	Iowa
County	Black Hawk County
Municipality	Cedar Falls City
Unified School District	Cedar Falls Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$429,180 (+31.57%) Land $49,090 Building $380,090	$429,180 (+31.57%) Land $49,090 Building $380,090
2024	$4,864.00 (+5.19%)
2023		$326,200 (+25.75%) Land $41,850 Building $284,350	$326,200 (+25.75%) Land $41,850 Building $284,350
2022	$4,624.00 Homeowner's exemption	$259,400 Land $41,850 Building $217,550
2021			$259,400 Land $41,850 Building $217,550

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
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	1 in force
Nearby Flood Claims	8 (1993–2008)
Claims Outside the SFHA	1 of 8
Most Recent Claim	Jun 2008 · Severe Storms, Tornadoes, And Flooding
Claims by Event	Severe Storms, Tornadoes, And Flooding, Jun 2008 · 4 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 99.8% of the US · lower than 98.1% of Iowa
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CEDAR FALLS MUNICIPAL WATER UTILITIES serves 40,713 people · EPA ID IA0709084
Water Source	Groundwater
Last State Inspection	Jul 2025
Lead	1 ppb (2023–2025) 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 353 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Cedar Falls Municipal Communications Utility Fiber	10,000 / 10,000
Mediacom Communications Cable	1,000 / 50
Verizon Fixed Wireless	300 / 20

May also be available: AMG Technology Investment Group, LTD Broadband, T-Mobile USA.

Cell Coverage

5G (outdoors only) and 4G LTE

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