This affordable 2-bedroom, 1-bath, home offers a great opportunity for a first-time homebuyer or investor. Previously used as a rental, the property provides a functional layout with plenty of potential to make it your own. A detached garage adds valuable storage and parking convenience. With its manageable size and price point, this home is an excellent option for those looking to build equity and step into homeownership. Currently vacant and ready for its next owner.
Gates Park, located between the Cedar River and Downtown Waterloo, is a residential and park-adjacent Waterloo neighborhood with riverfront green space and a grid of older streets. The neighborhood’s character concentrates around the Riverloop Amphitheatre and the Cedar River trail corridor, where event nights and cyclists set the tempo. Early-20th-century houses and modest mid-century homes sit near broad lawns and mature trees, giving the blocks a settled, walkable feel. The Waterloo Center for the Arts and the Sullivan Brothers Iowa Veterans Museum add a cultural throughline nearby. SingleSpeed Brewing Co. and the restored Riverloop setting bring a polished, local edge without feeling staged.
Provided by Walk Score and Local Logic
Market insights
101 Ricker St St · $45,000
DAYS ON MARKET
202 days
The average home goes pending in 8 days.
SALE-TO-LIST
99.5%
Most homes are selling 0% below list price.
LIST PRICE
$45,000
Median list price in this area is $237,667. (428% higher than this home)
PRICE DROP
0 price drops
24% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
No fireplace
Block basement
Bathrooms
1 full bathroom
Heating & cooling
Electric heating
No central cooling
Exterior features
Lot approximately 53 x 110
Zoned R-1
Home design
Single-family residence
One story
Parking
Carport with 2 spaces
Construction
Asphalt roof
Built with other construction materials
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
The R-2 District is intended to provide for areas of the community which are suitable for low density residential uses that are adjacent to residential, professional office or neighborhood commercial uses. Any outside storage of materials or equipment shall be limited and clearly incidental and accessory to the Principal Permitted Use, and shall not include the outside storage of junk or salvage material or similar debris. Outside storage of materials or equipment shall not be permitted in a front yard. This provision shall not restrict the outside storage of licensed and operable vehicles that are accessory and clearly incidental to the Principal Permitted Use.
Permitted uses
Include but are not limited to:
Community / recreation center
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service
Educational/school
Recreation
Golf related
Cemetery
Park & open space
Climate risks
3/10 Flood Factor
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Waterloo, IA • 50703
Average low and high temperatures (°F)
27
10
34
16
55
32
62
41
73
50
82
62
83
67
81
63
80
56
69
46
48
32
33
17
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 101 Ricker St St
$40,311
$4,689 under list price of $45K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $55K to $70K.