NOT LISTED FOR SALE

5804 Rainbow Ln Indian River, MI 49749

Estimated Value: $415,000 - $773,000

4 Beds
3 Baths
2,810 Sq Ft
$226/Sq Ft Est. Value

Sale Details

Date Sold: February 2, 2022

Last sale price $400,000 $142 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $4,421 / mo

56 Days on Market

Highlights

  • River Front
  • Maid or Guest Quarters
  • Vaulted Ceiling
  • Primary Bedroom Suite
  • Deck
  • Wood Flooring

About This Home

As of February 2022

Northern Michigan serenity at it's finest!!! This beautiful 4 bed, 3 bath log home is located on a private road only minutes from Indian River. Nestled on over an acre of land, this property boast 100' of frontage on both shores of the Sturgeon River which is a designated premier Blue Ribbon trout stream. The home is conveniently located to the North Central State Trail system, Burt Lake State Park, and multiple trail heads to enjoy all the ATV/ORV rides your adventurous spirit will travel. Whether you are spending the Holidays with your family or renting the home per week, this property will not disappoint. Call today for details!

Last Agent to Sell the Property

Lee Anne Scharffe

Real Estate One Indian River Brokerage Phone: 231-238-2026 License #6501411086 Listed on: 11/24/2021

Last Buyer's Agent

Bill Gareiss

MLS NON-MEMBER

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Lot Details

  • 1.3 Acre Lot
  • River Front
  • Dirt Road
  • Hunting Land
  • Landscaped

Interior Spaces

  • 2,810 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Mud Room
  • Living Room
  • Dining Room
  • Home Office
  • Wood Flooring
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Schools

  • Inland Lakes Elementary School
  • Inland Lakes High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well

Community Details

  • T35n,R3w Subdivision

Listing and Financial Details

  • Assessor Parcel Number 161-S75-000-013-00 & 161-036-400-015-01
  • Tax Block Sec 36

Home Details

Home Type

Single Family

Lot Details

1.3 Acres

Listing Details

  • Directions: From Indian River, travel south on S. Straits Hwy, turn Left on White Rd., left on Rainbow Trail. It will be the last home on the trail.
  • Garage Yn: Yes
  • Lot Size: 1.3 acres
  • Prop. Type: Residential
  • Bedroom 1 Level: 1st
  • Bedroom 2 Level: 1st
  • Dining Room Level: 1st
  • Kitchen Level: 1st
  • Living Room Level: 1st
  • Attribution Contact: 231-238-2026
  • PropertySubType: Residential Water
  • Road Frontage Type: River
  • ResoLaundryFeatures: Main Level
  • Lot Size Acres: 1.3
  • Road Surface Type: Dirt, Private
  • Water Body Name: Sturgeon River
  • NAV29_Unit_1_Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Range/Oven, Washer
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Phone: 231-238-2026
  • MLS Status: Closed
  • Subdivision Name: T35N,R3W
  • Above Grade Finished Sq Ft: 1754.0
  • Contract Information:Short Sale: No
  • Property Information Waterfront: Yes
  • Property Information Total Bathrooms2: 3.0
  • Property Information:Style2: 1+ Story
  • Mineral Rights:Mineral Rights: Unknown
  • Road:Road: Dirt, Private
  • Other Rooms:Other Rooms: Master Suite, Mud Room, Office
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Full, Walk-Out Access
  • Interior Amenities: Blinds, Ceiling Fan, Curtain Rods, Drapes, Vaulted Ceiling(s), Walk-In Closet(s)
  • Bedroom 3 Level: 2nd
  • Bedroom 4 Level: lower
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Hardwood
  • Interior Features:Interior Features: Hardwood Floors, Smoke Detector, Vaulted Ceilings, Walk - In Closet

Exterior Features

  • Exterior Features: Deck, Guest Quarters/Apt, Landscaped, Natural, Patio/Porch, Hunting Camp
  • Waterfront: Yes
  • Foundation Details: Basement
  • Exterior:Exterior: Half Log

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage Door Opener
  • Property Information:Garage Stall2: 2
  • Property Information:Garage Type2: Attached/UN

Utilities

  • Sewer: Septic Tank
  • Heating: Forced Air, Propane, Central Air
  • HeatingYN: Yes
  • Water Source: Well

Association/Amenities

  • TaxesAndPossessionAssociationDues: No

Schools

  • Elementary School: Inland Lakes
  • Junior High Dist: Inlandlakes
  • High School: Inland Lakes

Lot Info

  • Lot Size Sq Ft: 56628.0
  • ResoLotSizeUnits: Acres
  • Parcel Number: 161-S75-000-013-00 & 161-036-400-015-01

Tax Info

  • Tax Block: Sec 36

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2021
Closed on
Feb 2, 2022
Sold by
Bought by
Seller's Agent
Lee Anne Scharffe
Real Estate One Indian River
Buyer's Agent
Bill Gareiss
MLS NON-MEMBER
Sold Price
$400,000
Current Estimated Value
$634,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,682
Avg. Annual Appreciation
10.63%
Original Mortgage
$360,000
Outstanding Balance
$328,480
Interest Rate
3.55%
Mortgage Type
Cash
Estimated Equity
$306,202

Purchase Details

Listed on
Apr 29, 2019
Closed on
Aug 20, 2019
Sold by
Bought by
Seller's Agent
David Bobr
National Realty Centers, Inc
Buyer's Agent
David Bobr
Good Company
List Price
$289,000
Sold Price
$258,000
Premium/Discount to List
-$31,000
-10.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.78%
Original Mortgage
$232,200
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 12, 2015
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 8, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 1994
Sold by
Bought by

Purchase Details

Closed on
May 31, 1994
Sold by
Bought by

Purchase Details

Closed on
Nov 3, 1992
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 1989
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$400,000 --
$258,000 --
-- None Available
-- --
$17,400 --
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $360,000
Previous Owner $232,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/02/2022 02/02/22 Sold $400,000 +55.0% $142 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
08/29/2019 08/29/19 Sold $258,000 -7.5% $147 / Sq Ft View Prior Sale
06/20/2019 06/20/19 Price Changed $279,000 -3.5% $159 / Sq Ft
04/29/2019 04/29/19 For Sale $289,000 +18.7% $165 / Sq Ft
10/01/2014 10/01/14 Sold $243,500 -- $90 / Sq Ft View Prior Sale
08/23/2014 08/23/14 Pending -- -- --
Source: Water Wonderland Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $11,263 $418,800 $0 $0
2025 $5,611 $258,200 $0 $0
2024 $3,294 $295,400 $0 $0
2023 $3,157 $267,800 $0 $0
2022 $1,950 $187,900 $0 $0
2021 $7,082 $166,800 $166,800 $0
2020 $6,818 $157,900 $157,900 $0
2019 $4,978 $150,500 $150,500 $0
2018 $4,826 $122,900 $0 $0
2017 $4,675 $123,700 $0 $0
2016 $4,631 $108,600 $0 $0
2015 -- $111,100 $0 $0
2014 -- $0 $0 $0
2012 -- $111,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Water Wonderland Board of REALTORS®

MLS Number: 201816287

Water Wonderland Board of REALTORS®

APN: 161-S75-000-013-00

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