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$389,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 4 Beds
  • 1 Full Bath
  • 2 Partial Baths
  • 1,592 Sq. Ft.
  • Updated 1 day ago

Listed by Geri Cole | Windermere RE Skagit Valley | (360) 424-4901

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Contractor special. Icon property in need of some major repair. Large, corner double lot in the peaceful Glenhaven community. Large detached 2 car garage with bonus room. Open floor plan with views of Cain and Reed Lake. Lots of options here. You could fix up and restore the home to its original glory or remodel house and build on the 2nd lot with existing garage. Many community amenities including clubhouse, summer swimming pool.

Full Property Details for 389 Rainbow Dr

General

  • Price: $389,000
  • HOA FEE: $71/month
  • HOA FEE FREQ.: Annually
  • Taxes: $3,771 (2026)
  • Status: Pending
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2482907
  • Updated: 2/25/2026
  • Added to Site: 3 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Vaulted Ceilings, Water Heater
  • Appliances: Dishwasher(s), Stove(s)/Range(s)
  • Flooring: Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1
  • Half Bathrooms: 1
  • Upper - 1/2 Baths: 1
  • Main Floor Baths: 2
  • Main - 3/4 Baths: 1

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Upper: 2
  • Bedrooms Main: 2

Additional Information

  • Amenities: Cable TV, High Speed Internet, Outbuildings, RV Parking, Shop

Parking

  • Covered Spaces: 2
  • Parking Features: Driveway, RV Parking

Location

  • Area: 855 - South Bay/Glenhaven
  • County: Whatcom
  • Subdivision: Glenhaven
  • Building Name: 4
  • Driving Directions: I5 exit 240, head east approx. 4 miles to left on Glenhaven Drive, left on Rainbow Drive, home on right corner.

School Information

  • High School District: Mount Baker
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Community

  • Association: Yes
  • Assoc. Fees Include: Road Maintenance

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air
  • Water Heater: electric

Utilities

  • Sewer: Septic Tank
  • Water: Community

Structural Information

  • Structure Type: House
  • Exterior Const.: Wood
  • Basement Desc.: None
  • Foundation: Poured Concrete
  • Roof: Composition
  • Square Feet: 1,592
  • Finished Total: 1,592 Sq. Ft.
  • Year Built: 1980
  • Property Condition: Fixer

Lot Features

  • Property View: Lake, Territorial
  • Lot Size (Acres): 0.3122
  • Lot Size (Sq. Ft.): 13,601
  • Lot Size Source: Assessors
  • Topography: Level
  • Lot Features: Corner Lot, Paved
  • Trees/Vegetation: Garden Space

Financial Considerations

  • Association Fee: $850
  • Assoc Fee Freq.: Annually
  • Tax Amount: $3,771
  • Tax Year: 2026
  • Terms: Cash, Rehab Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Stove(s)/Range(s)
  • Property ID: 3704320774390000
  • Block: 1
  • Lot Number: 28 & 29

Listed by Geri Cole | Windermere RE Skagit Valley | (360) 424-4901

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Schools serving 389 Rainbow Dr

School District:Mount Baker School District
NameGradesDistance
Acme Elementary School
5200 Turkington Road, Acme, WA 98220
K-67.2 mi
Mount Baker Junior High School
4936 Deming Road, Deming, WA 98244
7-812.8 mi
Mount Baker Senior High School
4936 Deming Road, Deming, WA 98244
9-1212.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 389 Rainbow Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/23/2026
Listed
$389,000
289%
MLS
1/05/2015
Sold
$100,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 389 Rainbow Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,546
30%
$489,323
14%
2021
$2,730
-19%
$431,117
26%
2023
$3,371
23%
$342,159
27%
2021
$2,730
2%
$269,416
3%
2020
$2,688
14%
$261,950
5%
2019
$2,350
-11%
$248,310
14%
2018
$2,644
24%
$216,886
16%
2017
$2,136
4%
$186,401
5%
2016
$2,050
294%
$177,107
-1%
2014
$520
—
$179,324
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Geri Cole | Windermere RE Skagit Valley | (360) 424-4901

389 Rainbow Drive, Sedro Woolley, WA 98284 (MLS# 2482907) is a Single Family property with 4 bedrooms, 1 full bathroom and 2 partial bathrooms. 389 Rainbow Drive is currently listed for $389,000 and was received on February 23, 2026. Want to learn more about 389 Rainbow Drive? Do you have questions about finding other Single Family real estate for sale in Sedro Woolley? You can browse all Sedro Woolley real estate or contact a Coldwell Banker agent to request more information.

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