See Home Value
$276,000
● House - Off Market

1040 RAINBOW DRIVE

LAKE ARIEL, PA 18436
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,281 Ft²
$2,332
Est. Monthly
$590
HOA / Fees
2.42%
Cap Rate

About This Property

Step into the warmth and character of this stunning chalet-style home, where rustic charm meets modern convenience. Featuring vaulted ceilings in the living room, exposed knotty pine beams, and a cozy propane fireplace, this inviting space is perfect for relaxing after a day of adventure.

Enjoy ground-floor entry for seamless access and retreat to the primary bedroom with a private en-suite bathroom for ultimate comfort. Outside, the large circular driveway easily accommodates up to 10 cars, making parking a breeze for guests and allowing easy boat trailering for lake lovers.

The POA dues cover the water, sewer and trash bills!  Enjoy all the amenities the Wallenpaupack Lake Estates community has to offer. You have privileges to access 2 private lakes, beaches, 2 outdoor pools, an indoor pool & gym, dog park, lodges & game room as well as access to the private community marina on the big lake, Lake Wallenpaupack!  You're not just buying a house; you're treating yourself to a resort-like lifestyle!
Unit Size
1,281 Ft²
Days on Market
35 days
Land Size
0.29 acres
Price per sqft
$238
Property Type
House
Property Taxes
$244
HOA Dues
$590
Year Built
1992

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Last updated: 2 years ago (Bright MLS #PAWN2000676)

Price History

Date / Event Date Event Price
Jun 26, 2025 Sold
Sold
May 16, 2025 Listed by BHHS Fox & Roach-West Chester $305,000
Listed by BHHS Fox & Roach-West Chester
Apr 6, 2021 Sold
Sold
Jun 27, 2007 Sold
Sold

Property Highlights


Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 3
  • Basement Area: 1,530
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,750
  • Total Building Area: 1,203
  • Building Area: 1,203
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 2
  • Heated Square Feet: 1,203
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000293
  • Standard Land Use Code: 1001
  • County Land Use Code: 110
  • Legal Description 1: LOT 238 SECTION 3

Neighborhood

  • School District Name: Wallenpaupack Area School District
  • Census Tract: 961102

Zoning

  • Zoning: RR

Geography

  • Assessors Map Reference: M-0014/0117
  • Account Number: 035188
  • Section: 3
  • Parcel: 19-0-0030-0282
  • Lot: 238
  • Municipality: PAUPACK
  • Latitude: 41.3964
  • Longitude: -75.2788

    Address

  • Full Address: 1040 Rainbow Dr
  • Address - House Number: 1040
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: PA
  • City Name: Lake Ariel
  • Carrier Code: R001
  • 4-Digit Zip Code: 8108
  • Zip Code: 18436

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $391,269

    Appraisal Valuation

  • Standard Deviation: 0.2672
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 61
  • Final Value: 303,041
  • High Value: 384,015
  • Low Value: 222,066

    Market Valuation

  • Market Total Value: $200,800
  • Market Land Value: $30,400
  • Market Improvement Value: $170,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,800
  • Assessed Land Value: $30,400
  • Assessed Improvements Value: $170,400
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wallenpaupack Lake Estates


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Frequently Asked Questions

When was property at 1040 Rainbow Drive built and last sold?
The property at 1040 Rainbow Drive was built in 1992 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1040 Rainbow Drive is $0.
What are some comparable homes to 1040 Rainbow Drive?
There are currently no comparable homes to 1040 Rainbow Drive.