406 Locust St, Waterloo, IA 50701 Property Records

Black Hawk County property record for 406 Locust St, Waterloo, IA 50701

Property Summary

Property Type	Condominium
Details	1 bd · 1 ba · 644 sqft · built 1906
Lot Size	0.024 acres (1,025 sqft)
Owner	Company Name on Record
Last Sale	$90,000 (Oct 2024)
Tax Bill	$498 (2025)
Deeds & Mortgages	Jul 2017 Mortgage Feb 2023 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`8913-26-329-032`

Property Details

APN / Parcel Number

Primary APN	`8913-26-329-032`

Interior

Bedrooms	1 Bed
Full Baths	1 Bath
Half Baths	3 Half Baths
Total Rooms	3 Rooms
Stories	1 Story
Building Area	644 sqft Living Area
1st Floor Area	1,152 sqft
Basement Area	1,152 sqft
Unfinished Basement	288 sqft
Flooring	Carpet
Interior Walls	Plaster

Exterior

Year Built	Built 1906
Effective Year Built	Effective 1906
Architectural Style	Condo/Apartment
Exterior Material	Wood Siding
Construction Type	Frame
Roof Type	Hip
Roof Material	Asphalt
Lot Area	1,025 sqft (0.024 acres)

Exterior Amenities

Porch	Open Porch
Deck Area	Deck Area
Patio Area	36 sqft
Total Buildings	2 Buildings

Utilities, Heating & Cooling

Cooling System	None
Heating System	HVAC

Location & Zoning

Street Address	406 LOCUST ST
City	WATERLOO
State	IA
Zip	50701-2632
Property Category	Residential
Property Type	Residential > Condominium / Townhouse > Condominium
Legal Description	406-408 LOCUST STREET CONDOS UNIT 406
Legal Range	13W
Legal Township	89N
Legal Section	26
Legal Subdivision	406-408 LOCUST STREET CONDOS
Legal Lot Number	406
Jurisdiction	BLACK HAWK IA
Township / Civil Division	WATERLOO
Census Block Group	2
Census Block	2025
Census Tract	300

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	Company Name on Record
Mailing Address	1505 KELLIE AVE SW, INDEPENDENCE, IA 50644-9615
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Jul 21, 2017	Deed of Trust, Mortgage · Stand-Alone First Mortgage FARMERS STATE BANK
Feb 9, 2023	Deed of Trust, Mortgage · Line of Credit PEOPLES SAVINGS BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 31, 2024 · Amount on Record
Deed Sale	Oct 31, 2024 · Amount on Record
Deed Document Number	202422581
Record Updated	Oct 29, 2026

July 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	406 LOCUST ST, WATERLOO, IA 50701-2632
Transaction Type	Mortgage
Record Updated	Oct 20, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	201800001191
Date	Jul 21, 2017
Instrument	2018-00001191

Lender

Name	FARMERS STATE BANK
Type	Bank
Address	WATERLOO, IA 50701

Agreement

Type	Stand-Alone First Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Jul 18, 2047

February 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLACK HAWK IA
Property Address	406 LOCUST ST, WATERLOO, IA 50701-2632
Transaction Type	Mortgage
Record Updated	Oct 20, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	8206 W RIDGEWAY AVE, CEDAR FALLS, IA 50613-9292

Mortgage

Document Number	202300011220
Date	Feb 9, 2023
Instrument	202300011220

Lender

Name	PEOPLES SAVINGS BANK
Type	Bank
Address	DIKE, IA 50624

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	300 Months
Due	Feb 5, 2048

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	Waterloo Community School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$498.00 (-32.43%)	$24,360 (+13.57%) Land $2,570 Building $21,790	$24,360 (+13.57%) Land $2,570 Building $21,790
2024	$737.00 (+114.24%)
2023		$21,450 (+36.62%) Land $2,570 Building $18,880	$21,450 (+36.62%) Land $2,570 Building $18,880
2022	$344.00	$15,700 Land $1,540 Building $14,160
2021			$15,700 Land $1,540 Building $14,160

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective September 27, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

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 734 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Waterloo Fiber Fiber	10,000 / 10,000
Metronet Fiber	5,120 / 5,120
Mediacom Xtream Cable · Fiber in parts of the area	1,000 / 50

May also be available: GigFire, Nextlink, T-Mobile, Verizon.

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