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For sale
    • Price cut: $34K (6/9)
    $645,000

    124 Rainbow Rd, Lakewood, PA 18439

    3beds
    2,006sqft
    : 
    $4,198/mo
    Get pre-qualified
    Single Family Residence
    Built in 1974
    12 Acres Lot
    $582,800 Zestimate®
    $322/sqft
    $-- HOA

    What's special

    Car liftWalk in closetLocally sourced marble countertops
    AMAZING COUNTRY PROPERTY!! Located in the small town of Lakewood in Northern Wayne county, this 3 bed 2 bath home is a one of a kind property that does not come along very often. This 12 acre parcel has much to offer, a large 3 car garage with radiant floor heating, a car lift and houses an outdoor furnace to heat both the garage and home. Another great feature is a stocked, 15 foot deep, 1 acre pond. Just beyond the pond is direct access to the Rails and Trails recreational trail system which is 16 miles in length and connects many fine eateries !! There are also 2 water sources , a drilled well that services the house and a dug well that can be used for gardening or farm animals. The home itself has a 520 sq ft Master suite has it's own private entrance. It includes a spacious living area, room for a king bed, closet, and full bathroom. It is located north of the vaulted beamed kitchen with radiant floor heat a central island, and locally sourced marble countertops. Both areas are walled with pine tongue & groove with a very inviting modern cabin feel. is a large sunroom room for living and dining while enjoying the outstanding views of the lower property, large pond, and rolling hills. Above the sun room there are two very quiet and comfortable bedrooms, a walk in closet, and a full bathroom. All 3 areas have spectacular views. Outdoor living is easy with approximately 2000 square feet of decking and a covered porch at the Master Suite's entrance. A secondary / backup oil burner furnace is located in 460 sq ft partially finished basement. With a Vermont Castings Stove propane heater providing ambiance and optional heat in the Master suite to round out the 3 heating options.
    87 days
    |
    684
    |
    34
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    William R Phillips 570-647-8388,

    RE/MAX WAYNE 570-253-9566,

    Ryan Phillips 570-647-5536,

    RE/MAX WAYNE

    Source: PWAR as distributed by MLS GRID,MLS#: PW261200MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Area: 154.76
      • Dimensions: 14.6 x 10.6
      Bedroom 2
      • Area: 120
      • Dimensions: 12 x 10
      Bedroom 3
      • Area: 174
      • Dimensions: 15 x 11.6
      Primary bathroom
      • Description: SHOWER
      • Area: 48
      • Dimensions: 8 x 6
      Bathroom 2
      • Area: 84
      • Dimensions: 12 x 7
      Family room
      • Area: 340
      • Dimensions: 20 x 17
      Kitchen
      • Description: PENNA. MARBLE COUTERTOPS
      • Area: 255
      • Dimensions: 17 x 15
      Living room
      • Area: 420
      • Dimensions: 28 x 15
      Heating
      • Baseboard, Wood, Propane, Radiant Floor, Hot Water
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: Built-In Gas Range, Washer, Water Heater, Gas Oven, Refrigerator, Microwave, Dishwasher
      Features
      • Beamed Ceilings, Vaulted Ceiling(s), Kitchen Island, Eat-in Kitchen
      • Flooring: Carpet, Laminate
      • Windows: Double Pane Windows
      • Basement: Concrete,Storage Space,Walk-Out Access,Unfinished,Exterior Entry,Daylight
      Interior area
      • Total structure area: 2,006
      • Total interior livable area: 2,006 sqft
      • Finished area above ground: 2,006
      • Finished area below ground: 639

      Property

      Parking
      • Total spaces: 3
      • Parking features: Garage, Off Street, Heated Garage, Gravel, Garage Door Opener
      • Garage spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck
      • Exterior features: Private Yard
      • Has view: Yes
      • View description: Pond, Rural
      • Has water view: Yes
      • Water view: Pond
      • Body of water: None
      • Frontage length: RAIL AND TRAILS 518 FT
      Lot
      • Size: 12 Acres
      • Features: Back Yard, Secluded, Views, Sloped Down, Near Golf Course, Few Trees, Gentle Sloping, Cleared
      Details
      • Additional structures: Garage(s), Storage, Shed(s), Outbuilding
      • Parcel number: 20001410039
      • Zoning: Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Colonial
      • Property subtype: Single Family Residence
      Materials
      • Aluminum Siding, Stone
      • Roof: Asphalt,Shingle
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1974

      Utilities & green energy

      • Electric: 150 Amp Service, Circuit Breakers
      • Water: Well
      • Utilities for property: Electricity Connected, Water Connected, Propane, Sewer Connected

      Community & HOA

      Community
      • Security: Closed Circuit Camera(s)
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Lakewood

      Financial & listing details

      • Price per square foot: $322/sqft
      • Tax assessed value: $282,900
      • Annual tax amount: $5,007
      • Date on market: 5/1/2026
      • Cumulative days on market: 88 days
      • Listing terms: Cash,VA Loan,FHA,Conventional
      • Electric utility on property: Yes
      • Road surface type: Dirt, Gravel

        Estimated market value

        $582,800

        $554,000 - $612,000

        $2,329/mo

        Price history

        DateEventPrice
        6/9/2026Price change$645,000-5%$322/sqft
        Source: PWAR as distributed by MLS GRID #PW261200 Report a problem
        5/1/2026Listed for sale$679,000-9.5%$338/sqft
        Source: PWAR as distributed by MLS GRID #PW261200 Report a problem
        12/9/2025Listing removed$750,000$374/sqft
        Source: PWAR as distributed by MLS GRID #PW253366 Report a problem
        10/6/2025Listed for sale$750,000+194.1%$374/sqft
        Source: PWAR as distributed by MLS GRID #PW253366 Report a problem
        2/23/2008Sold$255,000$127/sqft
        Source: PWAR as distributed by MLS GRID #075770 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,783 +3.2%$281,100
        2024$4,636 $281,100
        2023$4,636 -4.4%$281,100 +45.3%
        2022$4,851 +1%$193,400
        2021$4,805 +0%$193,400
        2020$4,805 +4.2%$193,400
        2019$4,611 +6.4%$193,400
        2018$4,334 +330.1%$193,400
        2017$1,008 $193,400
        2016-- $193,400 +22.8%
        2014-- $157,500
        2013-- $157,500
        2012-- $157,500
        2011-- $157,500
        2010-- $157,500
        2007-- $157,500
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 18439

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