About This Home

This 3-bedroom, 2-bathroom single family at 201 Rainbow Drive in Fairbank, IA is listed for $254,900 ($128 per sqft). Built in 1969, the home offers 1,995 sqft of living space on a 0.42 acres lot.

Key Features

  • Built in 1969
  • 0.42 acre lot

Property Details

2 full
1969

Amenities

A/C
Listing Description

Under contract with a 48 hour clause. Contact your agent for details. More space. More possibilities. More to love. Tucked into a quiet Fairbank neighborhood, 201 Rainbow Dr. offers almost 2,000 sq ft of living space with an open floor plan sure to please.

The kitchen serves as the heart of the home with a grand island, newer appliances, and plenty of cabinetry and counter space to spare. The adjoining dining and living areas make entertaining easy, while three bedrooms and another full bathroom round out the main level.

One of the home's biggest advantages is the amount of room it offers beyond the everyday essentials. The finished lower level creates a whole additional area to spread out, complete with a large recreation space, wet bar, full bathroom, and abundant storage.

Movie nights, game days, hobbies, guests, or a home office-the space can easily adapt to whatever you need. The home has also received some appealing updates, including a brand-new A/C system in August 2026 and fresh exterior paint in a modern gray that gives the property a crisp, updated look.

There's plenty to appreciate outside as well. A spacious backyard, screened-in porch, and deck provide room to spread out, while the extra-long 2-stall garage and backyard shed offer the storage space that is always in demand. If you're looking for a home that gives you flexibility without sacrificing comfort or storage, this Fairbank property is the one for you.

Monthly Cost Estimate

$1,363/mo

20% down · 6.5% · 30 years

Principal$184
Interest$1,105
Insurance$74

Estimates only. Actual payments may vary.

Location

201 Rainbow Drive

Fairbank, IA 50629

Property Details

Construction

Cement Siding

Parking

Garage - Attached

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom single family at 201 Rainbow Drive is listed at $254,900 ($128/sqft). The estimated monthly payment is $1,363 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1969, 0.42 acre lot.

This property is listed by Kristina Smith.

KS

Kristina Smith

Agent at Signature Realty LC

Listed by Signature Realty LC · Broker phone: (319) 231-6426 · View on Broker Site · Broker website

MLS# 20264637· Source: Northeast Iowa Regional Board of Realtors· 34 days on PropertySimple

Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

201 Rainbow Drive, Fairbank, IA 50629

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