3315 WILLIAMS BLVD SW, CEDAR RAPIDS, IA 52404-1478
Mortgage
Document Number
202300015257
Date
May 15, 2023
Instrument
202300015257
Lender
Name
HILLS BANK AND TRUST CO
Type
Bank
Address
HILLS, IA 52235
Agreement
Type
Commercial Mortgage
Amount
Amount on Record
May 2026: Affidavit, Transfer
Document Type
Affidavit
Jurisdiction
BLACK HAWK IA
Recording Date
May 11, 2026
Property Address
861 GRINDSTONE CIR, WATERLOO, IA 50702-1210
Document Number
0000006748
Instrument Date
May 8, 2026
Instrument
20266748
Transaction Type
Transfer
Record Updated
Jul 12, 2026
Transaction
Tax
$0.00
Amount Accuracy
Full Amount Stated
Additional
Arm's Length
Transferred From (Grantor/Seller)
Name
Verified Name
Transferred To (Grantee/Buyer)
Name
Verified Name
May 2026: Warranty Deed, Transfer
Document Type
Warranty Deed
Jurisdiction
BLACK HAWK IA
Recording Date
May 11, 2026
Property Address
861 GRINDSTONE CIR, WATERLOO, IA 50702-1210
Document Number
0000006749
Instrument Date
May 6, 2026
Instrument
2026.6749
Transaction Type
Transfer
Record Updated
May 20, 2026
Title Company
BLACK HAWK COUNTY ABSTRACT
Transaction
Amount
Amount on Record
Downpayment
Downpayment on Record
Loan-to-Value (LTV)
LTV on Record
Tax
$33,047.20
Amount Accuracy
Full Amount Stated
Additional
Arm's Length
Transferred From (Grantor/Seller)
Name
Verified Name
Transferred To (Grantee/Buyer)
Name
Verified Name
Relationship
Joint Tenants
Address
861 GRINDSTONE CIR, WATERLOO, IA 50702-1210
Mortgage
Document Number
0000006750,
Date
May 11, 2026
Instrument
2026.6750
Lender
Name
VERIDIAN CREDIT UNION
Agreement
Type
Conventional Mortgage
Amount
Amount on Record
Term
360 Months
Due
Jun 1, 2056
Interest
Rate Type
Adjustable Rate
Rate
6%
Initial Type
Adjustable Rate
Adjustable
Adjustable Rate Rider
Max Rate
-1%
June 2024: Intrafamily Transfer, Transfer
Document Type
Intrafamily Transfer
Jurisdiction
BLACK HAWK IA
Recording Date
Jun 5, 2024
Property Address
861 GRINDSTONE CIR, WATERLOO, IA 50702-1210
Document Number
202400015301
Instrument Date
May 24, 2024
Instrument
202400015301
Transaction Type
Transfer
Record Updated
May 21, 2026
Transaction
Tax
$0.00
Amount Accuracy
No Consideration Stated
Additional
Intrafamily Transfer
Transferred From (Grantor/Seller)
Name
Verified Name
Transferred To (Grantee/Buyer)
Name
Verified Name
Relationship
Joint Tenants with Right of Survivorship
Address
861 GRINDSTONE CIR, WATERLOO, IA 50702-1210
August 2023: Warranty Deed, Transfer
Document Type
Warranty Deed
Jurisdiction
BLACK HAWK IA
Recording Date
Aug 11, 2023
Property Address
861 GRINDSTONE CIR, WATERLOO, IA 50702-1210
Document Number
202400002030
Map Reference
DOC 2017-11285
Instrument Date
Aug 1, 2023
Instrument
202400002030
Transaction Type
Transfer
Record Updated
May 21, 2026
Transaction
Amount
Amount on Record
Downpayment
Downpayment on Record
Loan-to-Value (LTV)
LTV on Record
Tax
$319.20
Amount Accuracy
Rounded by County
Additional
Arm's Length
Transferred From (Grantor/Seller)
Name
Verified Name
Transferred To (Grantee/Buyer)
Name
Verified Name
Address
861 GRINDSTONE CIR, WATERLOO, IA 50702-1210
Mortgage
Document Number
202400002031
Date
Aug 11, 2023
Instrument
202400002031
Lender
Name
VERIDIAN CU
Type
Credit Union
Agreement
Type
Conventional Mortgage
Amount
Amount on Record
Term
361 Months
Due
Sep 1, 2053
Interest
Rate Type
Adjustable Rate
Rate
6.87%
Type Change Date
Sep 1, 2033
Change Frequency
Annually
Min Rate At Change
4.87%
Max Rate At Change
8.87%
Index
1-Year T-Bill
Max Rate
12.8%
Tax Assessment & Valuation
The 2025 property tax bill for 861 Grindstone Cir was $4,218, up 1,027.8% 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
Waterloo Community School District (PK - 12)
Tax Bill & Assessment History
Year
Tax Bill
Assessed Value
Assessed Market Value
2025
$4,218.00 (+1,027.81%)
$206,710Land $17,250Building $189,460
$206,710Land $17,250Building $189,460
2024
$374.00
2023
$17,250 (+74.95%)Land $17,250
$188,660
2022
$216.00
$9,860Land $9,860
2021
$161,030
Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.
Flood
FEMA maps place 861 Grindstone Cir in Zone X, an area of minimal flood risk.
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
7 in force
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 861 Grindstone Cir 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 97% of the US · lower than 76% of Iowa
Wildfire Likelihood
0.01% annual chance
Exposure
None beyond 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 157 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