NOT LISTED FOR SALE

2200 Rainbow Dr Cedar Falls, IA 50613

Estimated Value: $337,796 - $358,000

5 Beds
2.5 Baths
2,644 Sq Ft
$132/Sq Ft Est. Value

Last Sold February 21, 2024

Last sale price $347,200 $131 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,320/month

69 Days on Market

Highlights

  • Cape Cod Architecture
  • Fireplace in Primary Bedroom
  • Wooded Lot
  • Peet Junior High School Rated A-
  • Deck
  • Vaulted Ceiling

About This Home

As of February 2024

Remarkable offering on Rainbow! Just a block from Cedar Heights Elementary this house surprises at every turn. From the covered front porch to the wonderfully updated interior and kitchen you'll then head upstairs to a vaulted multi-level master bedroom that is it's own staycation! Sitting area with double sided fireplace and 3 steps down to the sleeping area. But there's more! Completely remodeled lower level with 5th bedroom, full bath and family room. Then there's the deck and the huge garage with workspace and a double rear door to the backyard. You've got to see it to appreciate it!

Last Listed By

Steven Burrell

Structure Real Estate License #B39333000 Listed on: 10/13/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,633

Year Built

  • Built in 1951

Lot Details

  • 9,344 Sq Ft Lot
  • Lot Dimensions are 64x146
  • Property has an invisible fence for dogs
  • Landscaped
  • Level Lot
  • Wooded Lot

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Radon Mitigation System

Interior Spaces

  • 2,644 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Multiple Fireplaces
  • Electric Fireplace
  • Gas Fireplace
  • Panel Doors
  • Living Room with Fireplace
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Interior Basement Entry
  • Sump Pump

Parking

  • 2 Car Attached Garage
  • Workshop in Garage
  • Tandem Parking

Outdoor Features

  • Deck
  • Covered patio or porch

Schools

  • Cedar Heights Elementary School
  • Peet Junior High
  • Cedar Falls High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Water Softener is Owned
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 891318426016

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,633

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Parcel Number: 891318426016
  • Year Built: 1951
  • Property Sub-Type: Single Family Residence
  • ResoLaundryFeatures: 1st Floor, Dryer Hookup-Ele, Laundry Room, Washer Hookup
  • ResoLotFeatures: Level, Wooded
  • Lot Size Acres: 0.22
  • Road Frontage Type: Hard Surface Road
  • Road Surface Type: Concrete
  • Co List Office Phone: 319-260-2016
  • MLS Status: Closed
  • Architectural Style: Cape Cod
  • Reso Fireplace Features: Multiple, Electric, Gas, Living Room, Master Bedroom
  • Reso Interior Features: Vaulted Ceiling(s), Ceiling Fan/Light, Solid Surface Counters, Fiber Optic, Paneled Doors, Sliding Glass Door, Hardwood Floors
  • Reso Roof: Shingle, Asphalt
  • TotalFinishedSquareFootage: 2644
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Smoke Detector, Dishwasher, Dryer, Disposal, MicroHood, Free-Standing Range, Sump Pump, Refrigerator, Washer, Gas Water Heater, Water Softener Owned
  • Basement: Block, Concrete, Entrance-Inside, Floor Drain, Radon Mitigation System, Partially Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 520
  • BelowGradeArea: 832

Exterior Features

  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Invisible Fence, Landscaping, Porch-Covered

Garage/Parking

  • Parking Features: 2 Stall, Attached Garage, Oversized, Tandem, Wired, Workshop in Garage

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association Fee Frequency: N/A

Schools

  • Elementary School: Cedar Heights Elementary
  • High School: Cedar Falls High
  • Middle Or Junior School: Peet Junior High

Lot Info

  • Zoning: R-1
  • Lot Dimensions: 64X146
  • Lot Size Sq Ft: 9344
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 4633

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Feb 16, 2024
Sold by
Vernoy Jordan K and Vernoy Katie E
Bought by
Bauer Jacob L and Bauer Katelyn K
Seller's Agent
Steven Burrell
Structure Real Estate
List Price
$368,900
Sold Price
$347,200
Premium/Discount to List
-$21,700
-5.88%
Total Days on Market
69
Views
381
Current Estimated Value
$348,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,749
Avg. Annual Appreciation
0.43%
Original Mortgage
$287,200
Outstanding Balance
$283,817
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$65,132

Purchase Details

Closed on
Dec 11, 2020
Sold by
Stenum Shelden and Stenum Chelsy
Bought by
Bauer Jacob and Bauer Katelyn

Purchase Details

Closed on
Jan 10, 2014
Sold by
Schreck Michael D and Schreck Anne M
Bought by
Vernoy Jordan K and Vernoy Katie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bauer Jacob L $347,500 Title Services Corporation
Bauer Jacob $148,000 Title Services
Vernoy Jordan K $255,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bauer Jacob L $287,200
Previous Owner Vernoy Jordan K $226,417
Previous Owner Vernoy Jordan $234,000
Previous Owner Vernoy Jordan K $54,000
Previous Owner Vernoy Jordan K $204,000
Previous Owner Vernoy Jordan K $33,150
Previous Owner Schreck Micahel D $150,000
Previous Owner Schreck Michael D $142,500
Previous Owner Schreck Michael D $53,353
Previous Owner Schreck Michael D $52,857
Previous Owner Schreck Michael D $35,000
Previous Owner Schreck Michael D $31,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2024 02/21/24 Sold $347,200 -1.9% $131 / Sq Ft
12/21/2023 12/21/23 Pending -- -- --
11/30/2023 11/30/23 Price Changed $353,900 -1.4% $134 / Sq Ft
11/01/2023 11/01/23 Price Changed $358,900 -1.4% $136 / Sq Ft
10/23/2023 10/23/23 Price Changed $363,900 -1.4% $138 / Sq Ft
10/13/2023 10/13/23 For Sale $368,900 -- $140 / Sq Ft
Source: Northeast Iowa Regional Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,510 $298,900 $24,240 $274,660
2023 $4,470 $298,900 $24,240 $274,660
2022 $4,522 $250,960 $24,240 $226,720
2021 $4,452 $250,960 $24,240 $226,720
2020 $4,312 $245,060 $21,010 $224,050
2019 $4,312 $245,060 $21,010 $224,050
2018 $3,980 $224,040 $21,010 $203,030
2017 $4,068 $224,040 $21,010 $203,030
2016 $3,960 $224,040 $21,010 $203,030
2015 $3,960 $224,040 $21,010 $203,030
2014 $4,004 $224,040 $21,010 $203,030
Source: Public Records

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Source: Northeast Iowa Regional Board of REALTORS®

MLS Number: NBR20234385

Northeast Iowa Regional Board of REALTORS®

APN: 8913-18-426-016