OFF MARKET

Off market aug 2017 for $239K

$585,108

Est. refi paymentEst. refi $1,677/mo

—

•

— ba

•

8,590

sq ft

35 Rachael St, Waterloo, IA 50701

About this home

Formerly used as a group home, this spacious brick home is all on one level, has easy access, and should convert nicely to condos. Presently has two bedroom "house parent suite" large bedroom/bath area, and open recreational family room area. R-4 zoning. Excellent and conveniently located on the corner of Rachael and Pheasant- just a block off of Kimball Ave. Would also be great for Home day care, foster care, etc. For sale or for lease.

1983Year Built

0.54 acresLot Size

$68Est. Price/Sq.Ft.

1 car garageParking

Listed by Steve Knapp, GRI • Lockard Realty Company

Bought with • Four Seasons Realtors

Source:NEIRBR as distributed by MLS GRID #20155426

Redfin Estimate

$585,108

$345K since sold in August 2017

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 38.2% higher than the average sale price ($423K) of 6 comparable homes.

SOLD SEP 22, 2026
$395,000
A
4 beds3 baths4,237 sq ft
314 Lillian Ln, Waterloo, IA 50701
SOLD SEP 29, 2026
$315,000
B
4 beds3.5 baths2,706 sq ft
526 Glencoe Ave, Waterloo, IA 50701
SOLD MAY 15, 2026
$489,900
C
5 beds4.5 baths5,784 sq ft
120 Kenway Rd. Rd, Waterloo, IA 50701
SOLD AUG 28, 2026
$295,000
D
4 beds2.5 baths2,528 sq ft
3404 Rosehill Trce, Waterloo, IA 50701
SOLD OCT 30, 2026
$625,000
E
4 beds3.5 baths3,137 sq ft
3609 Kingswood Pl, Waterloo, IA 50701
SOLD JUL 16, 2026
$420,000
F
4 beds3 baths3,724 sq ft
150 Belleview Rd, Waterloo, IA 50701

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in 50701, IA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

97.9%

0.9% MoM

Median sale price

$215K

$423 MoM

Avg. days on market

13d

7 days MoM

Recently sold homes

109

5 MoM

New listings for sale

$50,000
1 bed0.5 baths456 sq ft
1210 Janney Ave, Waterloo, IA 50701
OPEN TODAY, 2PM TO 3PM
$319,900
4 beds3 baths3,015 sq ft
1328 Rainbow Dr, Waterloo, IA 50701
OPEN TODAY, 12PM TO 1PM
$184,900
4 beds2 baths1,814 sq ft
2015 Castle St, Waterloo, IA 50701
$345,885
5 beds2 baths1,245 sq ft
Lot #1 Denver St, Waterloo, IA 50702
OPEN TODAY, 12PM TO 1PM
$239,900
3 beds2 baths1,380 sq ft
2120 Tilbury Rd, Waterloo, IA 50701
$139,900
3 beds1 bath1,296 sq ft
1752 Lark Ln, Waterloo, IA 50701
OPEN TODAY, 1PM TO 2PM
$122,900
2 beds1.5 baths1,058 sq ft
4940 Fostoria Dr, Waterloo, IA 50701
FOR SALE BY OWNER
$99,000
2 beds1 bath888 sq ft
515 Maynard Ave, Waterloo, IA 50701
OPEN TODAY, 10AM TO 11AM
$185,000
2 beds1 bath1,525 sq ft
940 Littlefield Rd, Waterloo, IA 50701
$154,000
2 beds1 bath864 sq ft
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See all

Provided by Redfin

Sale history for 35 Rachael St

Date

Event

Price

Public Records

Aug 22, 2017

Sold

$239,875

$28/sq ft

NEIRBR as distributed by MLS GRID #20155426

Jul 22, 2016

Sold

$300,000

$35/sq ft

Aug 19, 2015

Listed

$339,900

$40/sq ft

+13

Year

Property tax

Land + Additions

Assessment*

2026

$16,862 (+2.6%)

$58,360 + $767,840

$826,200

2025

$16,440 (+12.1%)

$58,360 + $767,840

$826,200

2024

$14,666 (+0.2%)

$58,360 + $767,840

$826,200

2023

$14,636 (−12.8%)

$58,360 + $699,470

$757,830

2022

$16,782 (−7.1%)

$58,360 + $675,380

$733,740

2021

$18,062 (−6.0%)

$58,360 + $608,070

$666,430

2020

$19,212 (−2.7%)

$58,360 + $608,070

$666,430

2019

$19,740 (+209.9%)

$608,070

2018

$6,370

$608,070

Tax history for 35 Rachael St

Year

Property tax

Land + Additions

Assessment*

2026

$16,862 (+2.6%)

$58,360 + $767,840

$826,200

2025

$16,440 (+12.1%)

$58,360 + $767,840

$826,200

2024

$14,666 (+0.2%)

$58,360 + $767,840

$826,200

2023

$14,636 (−12.8%)

$58,360 + $699,470

$757,830

2022

$16,782 (−7.1%)

$58,360 + $675,380

$733,740

2021

$18,062 (−6.0%)

$58,360 + $608,070

$666,430

2020

$19,212 (−2.7%)

$58,360 + $608,070

$666,430

2019

$19,740 (+209.9%)

$608,070

2018

$6,370

$608,070

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

R-4

Multiple Residence District

The R-4 District is intended to provide for areas of the community which are suitable for low, medium and high density residential uses and professional offices 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
Day care facility
Hospital / medical center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Office
Medical office

Property details

Exterior

Exterior Information
Building Type: Assisted Living

Property Information
Subdivision Name: SOUTHRIDGE
Gross Sq. Ft: 8,590
# of Stories: 1
Legal Description: SOUTHRIDGE N 115 FT W 203 FT TRACT B

Lot Information
# of Buildings: 1
Land Sq. Ft: 23,348
Legal Lot Number: TRAC
Legal Block Number: B
Municipality Name: WATERLOO
Acres: 0.536
County Use Description: MULTI-RESIDENTIAL

Financial

Assessor Information
Assessment Year: 2026

Public facts

Beds: —
Baths: —
Sq. Ft.: 8,590
Stories: 1.0
Lot Size: 0.54 acres
Style: Other
Year Built: 1983
Year Renovated: —
County: Black Hawk County
APN: 881304430010

Home facts updated by county records on Oct 14, 2026

Around this home

Schools

K - 12
Preschool & daycare

Lou Henry Elementary School

Public K-5 • Assigned • 0.2mi

3/10

Hoover Middle School

Public 6-8 • Assigned • 0.2mi

6/10

West High School

Public 9-12 • Assigned • 0.7mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk 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 • 50701

Average low and high temperatures (°F)

27°

11°

34°

17°

55°

32°

62°

42°

73°

51°

82°

63°

84°

68°

80°

62°

79°

56°

67°

47°

48°

33°

18°

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Estimated sale price

$556,000 – $673,000

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FOR SALE BY OWNER

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Home values near 35 Rachael St

Data from public records.

Address	Redfin Estimate
36 Rachael Street, Waterloo, IA 3 Beds \| 1.5 Baths \| 1364 Sq. Ft.	$97,281
30 Rachael Street, Waterloo, IA 3 Beds \| 1.5 Baths \| 1364 Sq. Ft.	$105,908
3563 Pheasant Lane, Waterloo, IA 3 Beds \| 1.5 Baths \| 1452 Sq. Ft.	$101,357
3633 Pheasant Lane Apartment 1, Waterloo, IA 2 Beds \| 1 Baths \| 915 Sq. Ft.	$124,938
3567 Pheasant Lane, Waterloo, IA 3 Beds \| 1.5 Baths \| 1452 Sq. Ft.	$101,304
3619 Pheasant Lane Apartment 12, Waterloo, IA 2 Beds \| 1 Baths \| 915 Sq. Ft.	$127,613
3569 Pheasant Lane, Waterloo, IA 3 Beds \| 1.5 Baths \| 1452 Sq. Ft.	$101,315

Address	Redfin Estimate
34 Rachael Street, Waterloo, IA 3 Beds \| 1.5 Baths \| 1346 Sq. Ft.	$96,448
3619 Pheasant Lane Apartment 9, Waterloo, IA 2 Beds \| 1 Baths \| 915 Sq. Ft.	$134,370
3624 Pheasant Lane Apartment 1, Waterloo, IA 3 Beds \| 3 Baths \| 1866 Sq. Ft.	$220,708
3633 Pheasant Lane Apartment 11, Waterloo, IA 2 Beds \| 1 Baths \| 915 Sq. Ft.	$126,239
3618 Pheasant Lane, Waterloo, IA 3 Beds \| 3 Baths \| 1997 Sq. Ft.	$238,279
3619 Pheasant Lane Apartment 4, Waterloo, IA 2 Beds \| 1 Baths \| 915 Sq. Ft.	$144,216
3619 Pheasant Lane Apartment 6, Waterloo, IA 2 Beds \| 1 Baths \| 915 Sq. Ft.	$127,207

Address	Redfin Estimate
32 Rachael Street, Waterloo, IA 3 Beds \| 1.5 Baths \| 1346 Sq. Ft.	$96,265
3619 Pheasant Lane, Waterloo, IA 2 Beds \| 1 Baths \| 915 Sq. Ft.	$127,708
3619 Pheasant Lane Apartment 3, Waterloo, IA 2 Beds \| 1 Baths \| 915 Sq. Ft.	$125,205
3565 Pheasant Lane, Waterloo, IA 3 Beds \| 1.5 Baths \| 1452 Sq. Ft.	$101,195
3619 Pheasant Lane Apartment 2, Waterloo, IA 2 Beds \| 1 Baths \| 915 Sq. Ft.	$125,205
3633 Pheasant Lane Apartment 3, Waterloo, IA 2 Beds \| 1 Baths \| 915 Sq. Ft.	$138,318
3571 Pheasant Lane, Waterloo, IA 3 Beds \| 1.5 Baths \| 1452 Sq. Ft.	$104,021

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About this home

Redfin Estimate

Earn from this home

Market trends in 50701, IA

Sale history for 35 Rachael St

Tax history for 35 Rachael St

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 50701

Home values near 35 Rachael St

More real estate resources