Sold
9562 S Rainbow Lake Drive, Baldwin, MI 49304
Sold on 05/15/2026 for$240,000
MLS # 26012827 (Michigan Regional Information Center (MichRIC))
2 beds1 bath1,200 sqftBuilt 20200.35 acres
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Listing Description
Don't miss this exceptional year-round home/cottage just moments from the public access to beautiful Rainbow Lake. Recently taken down to one wall & fully rebuilt/remodeled within the last five years, this charming property features tongue-and-groove wood throughout, 2 bedrooms and 1 full bath. The master bedroom opens onto a spacious 30' x 30' deck--perfect for morning coffee or evening relaxation. An open, state-of-the-art kitchen with stainless stove, refrigerator and dishwasher centers around a large island with quality countertops, flowing into a generous dining area ideal for entertaining. Quality LVP flooring, abundant windows, and comfortable living spaces including a pellet stove make this home inviting year-round. Practical extras include a 16x32 ulility builing with electric with plenty of room for 1 car and 12' x 16' shed, raised garden beds, newer propane HVAC and central air. Furnishings negotiable but tv's stay (not Bose stystem). Smoke free, pet free..
Source: SparkMLS
About this home
Located in Baldwin, this property offers 2-bedroom, 1-bath, 1,200 sq ft, with original construction dating to 2020.
This home sold for $240,000 (about $200/sq ft).
Property tax estimate: $1,435 per year ($120/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
Bedrooms2
Bathrooms1
Living Area1,200 sqft
Lot Size0.35 acres
Year Built2020
Stories1
Location
CityBaldwin
MunicipalityLake Twp
Zip Code49304
CountyLake
School DistrictBaldwin
Construction & Systems
StyleRanch
ConstructionVinyl Siding
BasementCrawl Space, Slab
HeatingForced Air, Other
WaterPrivate Water, Well
SewerSeptic Tank
UtilitiesCable Connected, High-Speed Internet
InteriorCeiling Fan(s), LP Tank Rented, Center Island, Eat-in Kitchen
Sale & Financing
Listed3/31/2026
Sold Date5/14/2026
Terms AcceptedCash, FHA, VA Loan, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,435
Tax Year2025
State Equalized Value$77,700
Taxable Value$50,083
Assessed Value$50,083
Homestead (PRE)1%
Parcel #13-140-003-01
Source: Public Records
Legal Description
LOTS 3 TO 8 INC BLK 40 CHAIN O LAKES.
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Nancy F McCallahan
Realty North, LLC
Frequently Asked Questions about 9562 S Rainbow Lake Drive, Baldwin, MI 49304
Which school district serves 9562 S Rainbow Lake Drive, Baldwin, MI 49304?
Per MLS# 26012827, 9562 S Rainbow Lake Drive, Baldwin, MI 49304 is in the Baldwin boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Baldwin directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26012827, this listing accepts Cash, FHA, VA Loan, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 9562 S Rainbow Lake Drive, Baldwin, MI 49304?
Per public tax records, annual property taxes for this property are $1,435 (2025). 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 9562 S Rainbow Lake Drive, Baldwin, MI 49304 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
What utilities serve 9562 S Rainbow Lake Drive, Baldwin, MI 49304?
Per Michigan Public Service Commission service territory data: Electric: Great Lakes Energy Cooperative. Sewer: Septic Tank. Water: Private Water, Well. Confirm service details directly with providers.
What is the crime rate in 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$1,588
Principal & interest$1,588
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
9562 S Rainbow Lake Drive, Baldwin, MI 49304
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