2031 Rainbow Drive

Waterloo IA 50701

1118 sq. ft.

Single-Family

Last sold for $139,500

Derick Rogers, last sold this property on 09 January 2026 after 35 days on market.

Overview

Charming Move-In Ready Ranch Home with Wooded Backyard & Stream - Half Acre lot - Fenced in Back Yard with Enclosed Back Porch. Welcome to this well-maintained home featuring a peaceful wooded backyard with a natural stream—perfect for relaxing and enjoying nature. Inside, you’ll find new carpet, updated windows, and a remodeled bathroom shower. The open kitchen offers ample cabinet space and great flow for cooking and entertaining. A standout feature is the covered patio room off the back of the house, providing enjoyment with beautiful views of the woods. The partially finished basement includes a bar area and an additional room with a closet—ideal for converting into a third bedroom, home office, or hobby space.

Features

2 bedrooms

1 bathroom

1118 sq. ft. floor area

Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Waterloo over the last 12 months, the estimated median property value of 2031 Rainbow Drive is $157.5k.

Median value

$157.5k

Estimated value range

$99k - $245k

Median days on market

Estimated value trend

25%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Waterloo. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2031 Rainbow Drive

2026

Sold

$139,500

09 Jan 2026 by Derick Rogers, of Realty ONE Group Movement | Cedar Falls

Happy sellers in Waterloo

We have insufficient information to provide an overview of customer satisfaction for Waterloo. Viewing the agent profiles, reviews and sales for Waterloo can provide insights for this location.