For Sale
8862 W Rainbow Lake Drive, Baldwin, MI 49304
$315,000
MLS # 26032245 (Michigan Regional Information Center (MichRIC))
3 beds2 baths2,080 sqftBuilt 19740.44 acres
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Listing Description
Located just 90 minutes north of Grand Rapids makes this a perfect lake home for vacationing or year-round living. This 3-bedroom 2-bath home is situated on nearly half an acre with over 100 feet of Rainbow Lake frontage. Rainbow Lake is an all seasons, no-wake lake. Rainbow Lake connects to Reed Lake via a channel between them. This home features a large living room with gas fireplace and is open to an extra-large dining room. You can take in lake views from the living room, dining room, breakfast area, or the kitchen. A large deck across the entire back of the home provides additional relaxing and entertaining space easily accessed through the sliding door in the dining room. Main floor laundry, hardwood floors, and tons of storage are just a few of the perks. Generator included. There is even an additional (approx.) 500 sf of unfinished living space in the lower walkout level that can used for an extra-large family room, or family room and 4th bedroom. New roof in 2022 and newer wat
Source: SparkMLS
About this home
3-bedroom, 2-bath, 2,080 sq ft home in Baldwin built in 1974.
Listed at $315,000 (about $151/sq ft).
Annual property taxes run approximately $1,518 ($127/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Great Lakes Energy Cooperative.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area2,080 sqft
Lot Size0.44 acres
Year Built1974
Stories1
Location
CityBaldwin
MunicipalityLake Twp
Zip Code49304
CountyLake
School DistrictBaldwin
Construction & Systems
StyleRanch
ConstructionVinyl Siding
BasementWalk-Out Access
HeatingForced Air
WaterWell
SewerSeptic Tank
Sale & Financing
Listed6/25/2026
Terms AcceptedCash, FHA, VA Loan, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,518
Tax Year2024
State Equalized Value$117,800
Taxable Value$62,898
Assessed Value$64,596
Homestead (PRE)1%
Parcel #13-153-007-02
Source: Public Records
Legal Description
LOTS 7 TO 10 INC 23 TO 26 INC BLK 53 CHAIN O LAKES.
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Steven J Buck
Greenridge Realty (Cascade)
Frequently Asked Questions about 8862 W Rainbow Lake Drive, Baldwin, MI 49304
What school district is 8862 W Rainbow Lake Drive, Baldwin, MI 49304 in?
Per MLS# 26032245, this property is served by Baldwin. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26032245, the seller has indicated this property accepts the following financing types: Cash, FHA, VA Loan, MSHDA, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26032245, the most recent reported annual property tax for 8862 W Rainbow Lake Drive, Baldwin, MI 49304 is $1,518 (2024). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 8862 W Rainbow Lake Drive, Baldwin, MI 49304 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Great Lakes Energy Cooperative. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Lake Twp police department or the Lake County sheriff's office.
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Monthly payment$2,043
Principal & interest$2,043
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Great Lakes Energy Cooperative
Co-op
MI Public Service Commission service territory boundaries.
Property
8862 W Rainbow Lake Drive, Baldwin, MI 49304
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