Same owner for 60 years and they made so many wonderful memories. Now it is time for the next owners to enjoy and do the same in this sunny, economical 2-bedroom home, well located in Waterloo & close to schools and the Cedar Falls line. Beautiful wood plank floor in the Living Room and hall. Vinyl bay window and vinyl replacement windows & siding, metal insulated exterior doors on the main floor. The bedrooms are carpeted but we believe underneath are hardwood floors. Appliances included a nice fridge and gas stove. Lower level has been insulated & drywalled and is ready to create your extra living/ entertainment/or work space. Updated mechanicals, include Gas Energy Efficient furnace and water heater. Utilities including gas & electric average only $78 per month. Deep 300 ft lot (almost 4/10 acre M/L) mostly fenced & plenty of room for a large garden. Property includes an oversized 16x22 main garage, and a 14x20 extra storage garage.
Sold for $127,500 on 11/26/25
Zestimate®
$127,500
1507 Downing Ave, Waterloo, IA 50701
2beds
768sqft
Single Family Residence
Built in 1961
0.37 Acres Lot
$127,500 Zestimate®
$166/sqft
$982 Estimated rent
Home value
$127,500
$121,000 - $134,000
$982/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 07:14am
Listed by:
Rick Bauer 319-493-3500,
RE/MAX Concepts - Waterloo
Bought with:
Rick Bauer, B18473000
RE/MAX Concepts - Waterloo
Source: Northeast Iowa Regional BOR,MLS#: 20255361
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Other
- Level: Upper
Other
- Level: Main
Other
- Level: Lower
Heating
- Forced Air, Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Appliances Negotiable, Dryer, Washer, Gas Water Heater
- Laundry: Gas Dryer Hookup, Lower Level, Washer Hookup
Features
- Flooring: Hardwood
- Basement: Block,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 768 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: 1 Stall, 2 Stall, Detached Garage
- Carport spaces: 2
Features
- Patio & porch: Patio
Lot
- Size: 0.37 Acres
- Dimensions: 53'x300'
Details
- Additional structures: Storage
- Parcel number: 891328251010
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Shingle,Asphalt
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Waterloo
Other
Other facts
- Road surface type: Concrete, Hard Surface Road
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2025 | Sold | $127,500-5.6%$166/sqft |
Source:  Northeast Iowa Regional BOR #20255361 | ||
| 11/14/2025 | Pending sale | $135,000$176/sqft |
Source: Northeast Iowa Regional BOR #20255361 | ||
| 10/30/2025 | Listed for sale | $135,000$176/sqft |
Source: Northeast Iowa Regional BOR #20255361 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,441 +17.2% | $114,070 |
| 2023 | $1,229 +4.6% | $114,070 +20.4% |
| 2022 | $1,176 -37.4% | $94,720 |
Find assessor info on the county website
Neighborhood: 50701
Nearby schools
GreatSchools rating
- 5/10Fred Becker Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 1/10Central Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10West High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Fred Becker Elementary
- Middle: Central
- 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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