158 North
Geneva, IN 46740-9703
- 2 beds
- 1 bath
- 15 sqft
- ~1/2 acre lot
- $16,660 per sqft
- – on site
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!
Last checked:
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Checking…
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Last updated May 3, 2025
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MLS# 202515682 —
The Building
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Year Built:1960
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New Construction:No
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Architecural Style:Traditional
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Style:One Story
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Roof Material:Shingle
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Exterior:Vinyl
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Amenities:1st Bdrm En Suite, Attic Pull Down Stairs, Countertops-Laminate, Deck Open, Deck on Waterfront, Dryer Hook Up Electric, Foyer Entry, Garage Door Opener, Landscaped, Open Floor Plan, Porch Covered, Porch Enclosed, Range/Oven Hook Up Elec, Stand Up Shower, Main Level Bedroom Suite, Great Room, Main Floor Laundry, Washer Hook-Up
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Basement:No
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Basement/Foundation:Crawl, Slab
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Total SqFt:1029
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Total Finished SqFt:1029
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Main Level SqFt:1029
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Above Grade Finished SqFt:1029
Interior
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Kitchen Level:Main
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Living/Great Room Level:Main
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Laundry Level:Main
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Flooring:Hardwood Floors, Vinyl
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Fireplace:No
Room Dimensions
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Kitchen Length:15
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Kitchen Width:12
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Living/Great Room Width:20
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Living/Great Room Length:14
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1st Bedroom Length:10
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1st Bedroom Width:20
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2nd Bedroom Length:10
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2nd Bedroom Width:10
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Laundry Room Length:7
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Laundry Room Width:15
Location
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Directions to Property:US 27 to 950 South, East to Rainbow road then South to North Drive, East to property.
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Latitude:40.603957
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Longitude:-84.950607
The Property
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Parcel# ID:01-11-21-301-006.000-019
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Property Subtype:Site-Built Home
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Lot Number:98
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Lot Dimensions:110x228x120x215
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Lot Description:Golf Frontage, Level, Waterfront, Lake, Water View, Waterfront-Medium Bank
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Approx Lot Size SqFt:23958
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Approx Lot Size Acres:0.55
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Driveway:Gravel
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Waterfront:Yes
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Water Features:Deeded
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Water Type:Lake
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Water Access:Lakefront
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Water Frontage:120
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Water Name:Rainbow Lake
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Lake Type:Non Ski Lake
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Annual Taxes:1489.54
Beds
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Total # Bedrooms:2
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1st Bedroom Level:Main
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2nd Bedroom Level:Main
Baths
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Total Baths:2
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Total Half Baths:1
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Total Full Baths:1
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# of Full Baths Main:1
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# Half Baths Main:1
The Listing
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Branded Virtual Tour:https://view.spiro.media/order/283f8e3c-3cd0-44f8-d4f2-08dd870fc482
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Unbranded Virtual Tour:https://view.spiro.media/order/283f8e3c-3cd0-44f8-d4f2-08dd870fc482?branding=false
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Unbranded Virtual Tour 2:https://view.spiro.media/order/283f8e3c-3cd0-44f8-d4f2-08dd870fc482?branding=false
Heating & Cooling
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Heating Fuel:Gas, Forced Air
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Cooling:Central Air
Utilities
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Water Utility:City
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Sewer:City
Schools
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Elementary:South Adams
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Middle School:South Adams
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High School:South Adams
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School District:South Adams
The Community
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Subdivision:Rainbow Lake
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Pool:No
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Association Restrictions:Yes
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Association Dues $:80
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Association Dues Frequency:Annually
Parking
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Garage:Yes
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Garage Type:Attached
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Garage Length:20
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Garage SqFt:560
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Garage Width:28
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Garage/# of Cars:3
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Off Street Parking:Yes
Monthly cost estimate

Asking price
$249,900
Expense | Monthly cost |
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Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,338
|
Taxes | $1,996 |
Insurance | $68 |
Utilities | N/A |
Total | $3,402/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
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5/2/25
May 2, 2025
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Listed / Active | IRMLS | $249,900 |