Opportunity awaits at 407 Rath St, Waterloo IA 50703. 1912 Lakeside Addition home with enclosed front porch, white siding, and updated vinyl replacement windows. Interior is a renovation blank canvaskitchen/dining with double windows and wood cabinetry, functional full bath, and living areas mid-project with unfinished flooring and older finishes. Spacious layout with room to update (third-party records cite 5 bed/1 bathbuyer to verify beds, baths, and square footage). Approx. 0.14 acre lot near downtown Waterloosolid bones for investor, flipper, or sweat-equity buyer. Sold AS IS. Buyer to verify all measurements, systems, and condition.
Neighbors for Life, located between Downtown Waterloo and the Cedar River corridor, is a residential and community-focused Waterloo neighborhood with modest mid-century homes and pocket parks. The neighborhood’s character concentrates around the Sullivan Brothers Iowa Veterans Museum campus, where museum-goers, riverfront paths, and civic buildings set a steady daytime rhythm. Nearby, the Waterloo Center for the Arts and the Gallagher Bluedorn Performing Arts Center act as cultural pillars with rotating exhibitions and touring performances. Streets read as practical and lived-in, with mature trees and small front yards shaping the block-by-block feel. Trails and green space along the river add a natural edge to the urban grid.
Provided by Walk Score and Local Logic
Market insights
407 Rath St · $47,900
DAYS ON MARKET
1 days
The average home goes pending in 8 days.
SALE-TO-LIST
98.7%
Most homes are selling 1% below list price.
LIST PRICE
$47,900
Median sale price in this area is $219,281. (358% higher than this home)
PRICE DROP
0 price drops
25% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Dining
Interior features
Gas water heater
Basement with concrete, unfinished space and interior entry
Hardwood flooring
Bathrooms
One full bathroom
Laundry & utility
Washer hookup
Electric dryer hookup
Gas dryer hookup
Laundry located on lower level
Flooring
Hardwood
Heating & cooling
Forced air heating (natural gas)
Central air conditioning
Exterior features
Level lot
Concrete road frontage on a city street
Publicly maintained road
Home design
Single family residence
Residential property
Parking
Carport with 2 spaces
Detached parking
RV access/parking
Construction
Vinyl siding
Shingle/asphalt roof
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
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 • 50703
Average low and high temperatures (°F)
27
10
34
16
55
32
62
41
73
50
82
62
84
67
80
62
80
56
69
46
48
32
33
17
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 4 hours in December, which is comparable to the
U.S. average for solar exposure.
10.1 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 407 Rath St
$47,537
$363 under list price of $48K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $45K to $106K.