For sale

$280,000

1037 Rachael St, Waterloo, IA 50701

7beds

3,715sqft

Get pre-qualified

Single Family Residence

Built in 1959

0.32 Acres Lot

$268,900 Zestimate^®

$75/sqft

$-- HOA

What's special

Spacious entrywayCharming greenhouseGenerous yardMature fruit treesLarge kitchenOpen staircaseCozy den

Investor Special — Priced Below Assessed Value! Bring your vision to this incredible 4-level split offering nearly 4,000 sq ft of living space, 7 bedrooms, and 4 bathrooms — perfect for investors, large households, or those needing room to grow. The home welcomes you with a spacious entryway and an open staircase leading to six upper-level bedrooms. The large kitchen and expansive living area provide endless potential for updates and personalization. A cozy den connects to a charming greenhouse — ideal for plant lovers — and the property’s mature fruit trees and generous yard make it a gardener’s dream. With this much square footage and priced below assessed value, this is your chance to build equity fast. Don’t miss this rare opportunity — schedule your showing today!

40 days

228

8

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 2
3/4 bathrooms: 2

Other

Level: Upper

Other

Level: Main

Other

Level: Lower

Heating

Natural Gas

Cooling

Central Air

Appliances

Included: Cooktop, Refrigerator

Features

Basement: Partially Finished
Has fireplace: Yes
Fireplace features: One, Wood Burning

Interior area

Total interior livable area: 3,715 sqft
Finished area below ground: 975

Property

Parking

Total spaces: 2
Parking features: 2 Stall, Attached Garage
Has attached garage: Yes
Carport spaces: 2

Lot

Size: 0.32 Acres
Dimensions: 13936

Details

Parcel number: 881304303009
Zoning: R1-SF
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Vinyl Siding
Roof: Asphalt

Condition

Year built: 1959

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Waterloo

Financial & listing details

Price per square foot: $75/sqft
Tax assessed value: $375,140
Annual tax amount: $7,142
Date on market: 6/11/2026
Cumulative days on market: 40 days

Estimated market value

$268,900

$255,000 - $282,000

$2,837/mo

Price history

Date	Event	Price
7/6/2026	Listed for sale	$280,000$75/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20262625 Report a problem
6/19/2026	Pending sale	$280,000$75/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20262625 Report a problem
6/11/2026	Listed for sale	$280,000-6.7%$75/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20262625 Report a problem
4/24/2026	Listing removed	$300,000$81/sqft
Source: CRAAR, CDRMLS #2508879 Report a problem
10/25/2025	Price change	$300,000-14%$81/sqft
Source: CRAAR, CDRMLS #2508879 Report a problem
8/7/2025	Listed for sale	$349,000+75.4%$94/sqft
Source: Owner Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
10/19/2019	Listing removed	$199,000$54/sqft
Source: Owner Report a problem
5/30/2019	Listed for sale	$199,000-9.5%$54/sqft
Source: Owner Report a problem
10/1/2018	Listing removed	$220,000$59/sqft
Source: Oakridge Realtors #20183518 Report a problem
6/29/2018	Listed for sale	$220,000+20.2%$59/sqft
Source: Oakridge Realtors #20183518 Report a problem
12/17/2004	Sold	$183,000$49/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,142 +8.5%	$375,140 +13.9%
2024	$6,580 +8%	$329,230
2023	$6,092 +2.7%	$329,230 +18.7%
2022	$5,931 +3.6%	$277,380
2021	$5,726 +1.6%	$277,380 +9.7%
2020	$5,634 -0.9%	$252,820
2019	$5,683 +0.8%	$252,820
2018	$5,637 +0%	$252,820
2017	$5,636 -1.7%	$252,820
2016	$5,736	$252,820
2015	$5,736 +9.9%	$252,820 +5.1%
2014	$5,218 -2.2%	$240,550 -4.9%
2012	$5,336 +3%	$252,820
2011	$5,179 +3.3%	$252,820 +1.1%
2010	$5,014 +2.8%	$249,970
2009	$4,878 +22.7%	$249,970
2008	$3,975 +1.9%	$249,970 +28.5%
2007	$3,900 -0.5%	$194,520 +0.2%
2006	$3,919 -5.9%	$194,040
2005	$4,163 +5.8%	$194,040 +10.6%
2003	$3,934 +1.7%	$175,410
2002	$3,869 +10.7%	$175,410 +18%
2001	$3,495	$148,650

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Climate risks

Neighborhood: 50701

Getting around

32 / 100

Car-Dependent

22 / 100

Minimal Transit

37 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

3/10
Lou Henry Elementary School
Grades: K-5Distance: 0.5 mi
6/10
Hoover Middle School
Grades: 6-8Distance: 0.6 mi
3/10
West High School
Grades: 9-12Distance: 1.2 mi

Schools provided by the listing agent

Elementary: Lou Henry
Middle: Hoover Intermediate
High: West High - Waterloo

Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.