As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$1,006 (+8.4%)
$6,330 + $41,990
$48,320
2024
$928 (−7.4%)
$6,330 + $41,990
$48,320
2023
$1,002 (+2.7%)
$6,330 + $40,080
$46,410
2022
$976 (−5.6%)
$6,330 + $40,080
$46,410
2021
$1,034 (+1.6%)
$3,800 + $41,850
$45,650
2020
$1,018 (+7.4%)
$3,800 + $41,850
$45,650
2019
$948 (+0.9%)
$3,800 + $41,850
$45,650
2018
$940 (+5.9%)
$3,800 + $41,850
$45,650
2017
$888 (+1.1%)
$3,800 + $38,360
$42,160
2016
$878 (+8.1%)
$3,800 + $34,880
$38,680
2014
$812
$3,800 + $34,880
$38,680
Tax history for 501 Colby Rd #2
Year
Property tax
Land + Additions
Assessment*
2025
$1,006 (+8.4%)
$6,330 + $41,990
$48,320
2024
$928 (−7.4%)
$6,330 + $41,990
$48,320
2023
$1,002 (+2.7%)
$6,330 + $40,080
$46,410
2022
$976 (−5.6%)
$6,330 + $40,080
$46,410
2021
$1,034 (+1.6%)
$3,800 + $41,850
$45,650
2020
$1,018 (+7.4%)
$3,800 + $41,850
$45,650
2019
$948 (+0.9%)
$3,800 + $41,850
$45,650
2018
$940 (+5.9%)
$3,800 + $41,850
$45,650
2017
$888 (+1.1%)
$3,800 + $38,360
$42,160
2016
$878 (+8.1%)
$3,800 + $34,880
$38,680
2014
$812
$3,800 + $34,880
$38,680
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-3
Multiple Residence District
The R-3 District is intended to provide for areas of the community which are suitable for low, medium and high 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
Day care facility
Hospital / medical center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Student
Infrastructure
Public service
Park & open space
Property details
Interior
Bathroom Information
# of Full Baths: 1
# of Bathroom Fixtures: 3
Room Information
# of Rooms: 4
Exterior
Exterior Information
Foundation Type: Concrete
Exterior Wall: Vinyl
Roof Covering Type: Asphalt
Roof Shape Type: Hip
Building Type: Condo and Single Family Residenc
Property Information
Subdivision Name: 501 COLBY ROAD CONDOS
Living Sq. Ft: 727
Building Sq. Ft: 727
Legal Description: 501 COLBY ROAD CONDOMINIUMS UNIT 2
Lot Information
# of Buildings: 1
Land Sq. Ft: 2,531
Legal Lot Number: 2
Municipality Name: WATERLOO
Acres: 0.0581
County Use Description: CONDOMINIUM
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 727
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: 1979
Year Renovated: —
County: Black Hawk County
APN: 881304277035
Home facts updated by county records on Aug 12, 2026
Around this home
Schools
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 • 0.6mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Waterloo, IA • 50701
Average low and high temperatures (°F)
27
11
34
17
55
32
62
42
73
51
82
63
83
67
81
63
80
56
69
46
48
33
33
18
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.