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!
For sale
Price cut: $49K (10/25)
$300,000
1037 Rachael St, Waterloo, IA 50701
7beds
3,715sqft
Est.:
Single Family Residence
Built in 1959
0.32 Acres Lot
$283,600 Zestimate®
$81/sqft
$-- HOA
What's special
Spacious entrywayCharming greenhouseGenerous yardMature fruit treesLarge kitchenOpen staircase
- 58 days |
- 340 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: October 30, 2025 at 04:01am
Listed by:
Travis Ferguson 515-661-1202,
KW 1Advantage
Source: Northeast Iowa Regional BOR,MLS#: 20255270
Tour with a local agent
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: $81/sqft
- Tax assessed value: $375,140
- Annual tax amount: $7,142
- Date on market: 10/25/2025
- Cumulative days on market: 59 days
Estimated market value
$283,600
$269,000 - $298,000
$2,174/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 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 | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,580 +8% | $329,230 |
| 2023 | $6,092 +2.7% | $329,230 +18.7% |
| 2022 | $5,931 +3.6% | $277,380 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,904/mo
Principal & interest
$1437
Property taxes
$362
Home insurance
$105
Climate risks
Neighborhood: 50701
Nearby schools
GreatSchools rating
- 3/10Lou Henry Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10Hoover Middle SchoolGrades: 6-8Distance: 0.6 mi
- 3/10West High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Lou Henry
- Middle: Hoover Intermediate
- High: West High
Source: Northeast Iowa Regional BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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