# 201 Rainbow Drive, Fairbank, IA 50629 > **TL;DR:** 3bd/2ba single family, $253,900 ($127/sqft), built 1969, 1,995 sqft. > A/C. Est. $1,358/mo. Listed 39 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $253,900 | | Price/sqft | $127 | | Bedrooms | 3 | | Bathrooms | 2 full | | Square Feet | 1,995 | | Year Built | 1969 | | Lot Size | 18,295 sqft (0.42 acres) | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 39 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,284 | | Estimated Insurance | $74 | | **Total** | **$1,358** | ## Nearby Schools - **Elementary:** Fairbank Elementary - **Middle:** Wapsie Valley - **High:** Wapsie Valley ## Key Amenities - A/C ## Property Highlights - Built in 1969 - 0.42 acre lot ## Description ### Agent 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. ## Location - **Address:** 201 Rainbow Drive, Fairbank, IA 50629 - **County:** Buchanan - **Coordinates:** 42.640395, -92.042646 - **Google Maps:** https://www.google.com/maps?q=42.640395,-92.042646 ## Listing Agent - **Name:** Kristina Smith - **Brokerage:** Signature Realty LC - **Broker Phone:** (319) 231-6426 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/201-Rainbow-Dr_Fairbank_IA_50629_M71486-21199?f=listhub&s=WCFBORIA&m=20264637&c=propsimple) ## Photos ![201 Rainbow Drive - Photo 1](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f553436983r.jpg) ![201 Rainbow Drive - Photo 2](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f596042150r.jpg) ![201 Rainbow Drive - Photo 3](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f3472372060r.jpg) ![201 Rainbow Drive - Photo 4](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f2629225044r.jpg) ![201 Rainbow Drive - Photo 5](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f263173069r.jpg) ![201 Rainbow Drive - Photo 6](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f281171352r.jpg) ![201 Rainbow Drive - Photo 7](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f2881961137r.jpg) ![201 Rainbow Drive - Photo 8](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f4011171385r.jpg) ![201 Rainbow Drive - Photo 9](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f3891234276r.jpg) ![201 Rainbow Drive - Photo 10](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f2542259656r.jpg) ![201 Rainbow Drive - Photo 11](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f1907659186r.jpg) ![201 Rainbow Drive - Photo 12](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f2357859352r.jpg) ![201 Rainbow Drive - Photo 13](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f2136029873r.jpg) ![201 Rainbow Drive - Photo 14](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f452849069r.jpg) ![201 Rainbow Drive - Photo 15](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f6573928r.jpg) ![201 Rainbow Drive - Photo 16](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f2075429205r.jpg) ![201 Rainbow Drive - Photo 17](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f1558254882r.jpg) ![201 Rainbow Drive - Photo 18](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f746101833r.jpg) ![201 Rainbow Drive - Photo 19](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f2278234674r.jpg) ![201 Rainbow Drive - Photo 20](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f3892015716r.jpg) ![201 Rainbow Drive - Photo 21](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f2015866129r.jpg) ![201 Rainbow Drive - Photo 22](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f3864893398r.jpg) ![201 Rainbow Drive - Photo 23](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f674106516r.jpg) ![201 Rainbow Drive - Photo 24](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f3243473993r.jpg) ![201 Rainbow Drive - Photo 25](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f1482210571r.jpg) ![201 Rainbow Drive - Photo 26](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f331306345r.jpg) ![201 Rainbow Drive - Photo 27](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f2643234822r.jpg) ![201 Rainbow Drive - Photo 28](http://lh.rdcpix.com/0fdfd37cfd205ce7049ccb455667d71dl-f2495771795r.jpg) --- **MLS#:** 20264637 | **Updated:** 2026-11-01 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/201-rainbow-drive-fairbank-ia-50629-93fce495ecca4833a124a56b4f3ad443) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/201-rainbow-drive-fairbank-ia-50629-93fce495ecca4833a124a56b4f3ad443#listing", "url": "https://staging.propertysimple.ai/listing/201-rainbow-drive-fairbank-ia-50629-93fce495ecca4833a124a56b4f3ad443", "name": "201 Rainbow Drive, Fairbank, IA 50629", "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. 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