Lakefront Living at Its Finest on Private Rainbow Lake! This charming, move-in-ready cottage is nestled on a double lot with 120 feet of prime lake frontage on peaceful Rainbow Lake. This no-short-term-rental community offers a rare blend of serenity & recreation, with a 51-acre stocked lake perfect for fishing, kayaking, or sunset cruises at a relaxing 10mph. Enjoy unobstructed water views, a sandy beach area, & lakefront deck ideal for evening gatherings. This 2-bedroom, 1.5-bath ranch features a 4-seasons sunroom that brings the outdoors in year-round, plus an attached 2-car garage for added convenience. Inside, you'll find over 1,000 square feet of functional space with updated mechanicals & included appliances. Step outside to beautifully manicured grounds & take in the quiet, rural setting with views of Wabash Valley 18-hole golf course- Just across the street! Whether you’re seeking a full-time lake retreat or a peaceful getaway just a short drive from Fort Wayne, this is the one. No city noise, no short-term chaos—just the gentle rhythm of lake life and a few rounds of golf too!
Closed
$249,900
158 North Dr, Geneva, IN 46740
2beds
1,029sqft
Single Family Residence
Built in 1960
0.55 Acres Lot
$257,700 Zestimate®
$--/sqft
$1,260 Estimated rent
Home value
$257,700
Estimated sales range
Not available
$1,260/mo
Zestimate® history
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Updated mechanicalsLakefront deckDouble lotUnobstructed water viewsSandy beach areaBeautifully manicured groundsIncluded appliances
Zillow last checked:
Listing updated:
Listed by:
Jessica Arnold Home:260-460-7590,
North Eastern Group Realty
Bought with:
Barton R Lehman, RB14018465
Miz Lehman REALTORS-Auctioneer
Source: IRMLS,MLS#: 202515682
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Kitchen
- Level: Main
- Area: 180
- Dimensions: 15 x 12
Living room
- Level: Main
- Area: 280
- Dimensions: 14 x 20
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range/Oven Hook Up Elec, Dishwasher, Refrigerator, Dryer-Electric, Exhaust Fan, Washer/Dryer Stacked, Electric Oven, Electric Range, Electric Water Heater, Water Softener Owned
- Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Features
- 1st Bdrm En Suite, Laminate Counters, Entrance Foyer, Open Floorplan, Stand Up Shower, Main Level Bedroom Suite, Great Room
- Flooring: Hardwood, Vinyl
- Windows: Window Treatments, Blinds
- Basement: Crawl Space
- Attic: Pull Down Stairs
- Has fireplace: No
Interior area
- Total structure area: 1,029
- Total interior livable area: 1,029 sqft
- Finished area above ground: 1,029
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Attached, Garage Door Opener, Gravel
- Attached garage spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Porch Covered, Enclosed
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront, Lake, Waterfront-Medium Bank, Deck on Waterfront, Deeded, Lake Front, Non Ski Lake
- Body of water: Rainbow Lake
- Frontage type: Golf Course
- Frontage length: Channel/Canal Frontage(0),Water Frontage(120)
Lot
- Size: 0.55 Acres
- Dimensions: 110x228x120x215
- Features: Level, Landscaped
Details
- Parcel number: 011121301006.000019
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Rainbow Lake
HOA
- Has HOA: Yes
- HOA fee: $80 annually
Location
- Region: Geneva
Financial & listing details
- Tax assessed value: $175,000
- Annual tax amount: $1,489
- Date on market: 5/2/2025
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2025 | Sold | $249,900 |
Source:  IRMLS #202515682 Report a problem | ||
| 5/4/2025 | Pending sale | $249,900 |
Source: IRMLS #202515682 Report a problem | ||
| 5/2/2025 | Listed for sale | $249,900 |
Source: IRMLS #202515682 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $444 +106.6% | $175,000 +32.7% |
| 2024 | $215 -8.7% | $131,900 +6.4% |
| 2023 | $235 -13.4% | $124,000 +4.5% |
| 2022 | $271 +15.6% | $118,700 -0.9% |
| 2021 | $235 +5.7% | $119,800 +1.1% |
| 2020 | $222 -80.5% | $118,500 +2.2% |
| 2019 | $1,141 +2.4% | $115,900 +1.6% |
| 2018 | $1,115 +4.5% | $114,100 +1.5% |
| 2017 | $1,067 | $112,400 +0.4% |
| 2016 | $1,067 -48% | $112,000 +9.2% |
| 2014 | $2,052 -0.8% | $102,600 -0.8% |
| 2013 | $2,068 +2.5% | $103,400 +2.5% |
| 2012 | $2,018 +6.7% | $100,900 +6.7% |
| 2011 | $1,892 | $94,600 |
| 2010 | $1,892 +1.6% | $94,600 +1.6% |
| 2009 | $1,862 -23.7% | $93,100 +4.6% |
| 2007 | $2,440 | $89,000 -2.2% |
| 2006 | -- | $91,000 +52.2% |
| 2005 | -- | $59,800 |
Find assessor info on the county website
Neighborhood: 46740
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Nearby schools
GreatSchools rating
- 7/10South Adams Elementary SchoolGrades: PK-5Distance: 3 mi
- 8/10South Adams Middle SchoolGrades: 6-8Distance: 3 mi
- 4/10South Adams High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: South Adams
- Middle: South Adams
- High: South Adams
- District: South Adams
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Adams County
- Geneva
- 46740
- 158 North Dr
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