NOT LISTED FOR SALE

1027 Rainbow Crest Rd Fallbrook, CA 92028

Estimated Value: $840,296 - $935,000

2 Beds
1 Bath
884 Sq Ft
$994/Sq Ft Est. Value

Last Sold February 06, 2024

Last sale price $805,000 $911 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,449/month

19 Days on Market

Highlights

  • Barn
  • In Ground Pool
  • Main Floor Bedroom
  • Horse Property Unimproved
  • Panoramic View
  • Private Yard

About This Home

As of February 2024

MILLION DOLLAR VIEWS!!! Endless possibilities await. Single story home with a pool. Large 1.8 acres lot provides room for expansion. Panoramic views in the Hills of Rainbow Heights. Perfect place for entertaining friends or hosting large private events with a HUGE yard, pool jacuzzi, swim-up stools/bar, and large wading step for relaxing. Tons of parking and plenty of storage room. Oversized 2 Car Garage, completely finished, with laundry area. 3 Large storage outbuildings with 2 covered carports in between (Shed sizes: 12'x16', 17'x23', 16'x20'). The property boasts a grand assortment of lively foliage. Avocado, Pomegranate, Navel, Mandarin, Lemon, Kiwi, Oak, and Elegant Coral Trees. Tankless Water heater and AC. The Master features a huge walk-in closet and french doors for access to the massive outdoor covered patio! Designer bathroom with extra-large shower. Oceanview possibilities, can be seen in the property treehouse, and would certainly be seen with any second-floor additions! This Turnkey home is ready for you to move into and live on top of the world! Get a rural country feel with a convenient enough commute. This property is a once-in-a-lifetime opportunity and will not last!

Last Agent to Sell the Property

Javier Zapien

Platinum Realty Executives License #01324983 Listed on: 01/02/2024

Platinum Realty Executives

Last Buyer's Agent

Julie A Pegg

ACE Realty, Inc. License #01849975

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,076

Year Built

  • Built in 2005

Lot Details

  • 1.82 Acre Lot
  • Private Yard
  • Back Yard
  • Property is zoned AGRICULTURAL

Parking

  • 2 Car Attached Garage

Property Views

  • Panoramic
  • Mountain
  • Hills

Interior Spaces

  • 884 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Covered Patio or Porch
  • Separate Outdoor Workshop
  • Shed
  • Outbuilding

Utilities

  • Central Air
  • No Heating
  • Conventional Septic

Additional Features

  • Barn
  • Horse Property Unimproved

Listing and Financial Details

  • Tax Tract Number 191
  • Assessor Parcel Number 1092701700

Community Details

Overview

  • No Home Owners Association
  • Foothills
  • Mountainous Community

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,076

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: AGRICULTURAL
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1092701700
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 884.00
  • Stories: 1
  • Entry Location: Front door
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 910.63
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom
  • Spa Features: Heated, In Ground, Private

Exterior Features

  • Patio: Yes
  • Other Structures: Barn(s), Outbuilding, Shed(s), Workshop, Storage
  • View: Hills, Mountain(s), Panoramic
  • Fence: No
  • Patio And Porch Features: Covered, Patio, Front Porch, Slab
  • Pool Features: In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Mountainous, Hiking

Schools

  • School District: Fallbrook Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Horse Property Unimproved, Ranch, Yard
  • Lot Size Sq Ft: 79279.20
  • Lot Size Acres: 1.8200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1.8200 Acres
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 191.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2024
Closed on
Jan 31, 2024
Sold by
Alpha Shaye C & Carrie Y
Bought by
Hoppe Patrick
Seller's Agent
Javier Zapien
Platinum Realty Executives
Buyer's Agent
Julie A Pegg
ACE Realty, Inc.
List Price
$799,000
Sold Price
$805,000
Premium/Discount to List
$6,000
0.75%
Views
133
Current Estimated Value
$878,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,324
Avg. Annual Appreciation
5.71%
Original Mortgage
$563,500
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 29, 2021
Closed on
Jan 12, 2022
Sold by
Susan Smith
Bought by
Alpha Shaye C and Alpha Carrie Y
Seller's Agent
Chaz Sommer
Sommer Realty
Buyer's Agent
Cliff Noll
Inactive Office C&C19
List Price
$699,000
Sold Price
$750,000
Premium/Discount to List
$51,000
7.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%
Original Mortgage
$594,204
Interest Rate
3.45%
Mortgage Type
VA

Purchase Details

Listed on
May 7, 2021
Closed on
May 12, 2021
Sold by
Teague Dusty and Teague Cheri Lynn
Bought by
Smith Susan and Smith Devon
Seller's Agent
Charles Sommer
Sommer Realty
Buyer's Agent
Chaz Sommer
Sommer Realty
List Price
$499,900
Sold Price
$600,000
Premium/Discount to List
$100,100
20.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.96%
Original Mortgage
$570,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2011
Sold by
Fannie Mae
Bought by
Teague Dusty and Teague Cheri Lyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,625
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2009
Sold by
Holzer Deborah A Rieger
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 29, 2006
Sold by
Holzer Frank
Bought by
Holzer Deborah A Rieger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 9, 2006
Sold by
Vogel Richard W
Bought by
Holzer Deborah A Rieger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 30, 2005
Sold by
Vogel Richard W and Vogel Richard
Bought by
Vogel Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.68%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 24, 2003
Sold by
Souza Frank A and Souza Anna M
Bought by
Vogel Richard

Purchase Details

Closed on
Jan 22, 1997
Sold by
Souza Frank M and Souza Anna M
Bought by
Souza Frank A and Souza Anna M

Purchase Details

Closed on
Jan 14, 1983
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hoppe Patrick $805,000 Lawyers Title
Alpha Shaye C $750,000 Fidelity National Title
Smith Susan $600,000 Fidelity Natl Ttl San Diego
Teague Dusty $247,500 Stewart Title
Federal National Mortgage Association $425,187 Accommodation
Holzer Deborah A Rieger -- Commonwealth Land Title
Holzer Deborah A Rieger $585,000 Commonwealth Land Title
Vogel Richard W -- Commonwealth Title
Vogel Richard $220,000 First American Title
Souza Frank A -- --
-- $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoppe Patrick $580,000
Closed Hoppe Patrick $563,500
Previous Owner Alpha Shaye C $594,204
Previous Owner Smith Susan $570,000
Previous Owner Teague Dusty $224,500
Previous Owner Teague Dusty $183,000
Previous Owner Teague Dusty $185,625
Previous Owner Rieger Holzer Deborah A $105,000
Previous Owner Holzer Deborah A Rieger $365,000
Previous Owner Vogel Richard W $400,000
Previous Owner Vogel Richard $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2024 02/06/24 Sold $805,000 +0.8% $911 / Sq Ft
01/21/2024 01/21/24 Pending -- -- --
01/02/2024 01/02/24 For Sale $799,000 +6.5% $904 / Sq Ft
02/04/2022 02/04/22 Sold $750,000 +7.3% $848 / Sq Ft
01/08/2022 01/08/22 For Sale $699,000 0.0% $791 / Sq Ft
01/03/2022 01/03/22 Pending -- -- --
01/02/2022 01/02/22 Pending -- -- --
12/29/2021 12/29/21 For Sale $699,000 +16.5% $791 / Sq Ft
06/11/2021 06/11/21 Sold $600,000 +20.0% $679 / Sq Ft
05/13/2021 05/13/21 Price Changed $499,900 -16.7% $565 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
05/09/2021 05/09/21 Off Market $600,000 -- --
05/07/2021 05/07/21 For Sale $499,900 0.0% $565 / Sq Ft
04/28/2021 04/28/21 Price Changed $499,900 -- $565 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $8,076 $821,099 $410,000 $411,099
2024 $8,076 $747,000 $373,000 $374,000
2023 $8,045 $747,000 $373,000 $374,000
2022 $6,588 $612,000 $306,000 $306,000
2021 $3,132 $292,932 $159,355 $133,577
2020 $3,137 $289,930 $157,722 $132,208
2019 $3,057 $284,246 $154,630 $129,616
2018 $2,983 $278,674 $151,599 $127,075
2017 $930 $273,211 $148,627 $124,584
2016 $2,860 $267,855 $145,713 $122,142
2015 $2,815 $263,833 $143,525 $120,308
2014 $2,754 $258,666 $140,714 $117,952
Source: Public Records

Agents Affiliated with this Home

  • Javier Zapien

    Seller's Agent in 2024

    Javier Zapien

    Platinum Realty Executives

    (760) 715-7707

    45 Total Sales

    Javier Zapien
    Section Image

  • J

    Buyer's Agent in 2024

    Julie A Pegg

    ACE Realty, Inc.

    (619) 253-5450

    13 Total Sales

    Julie A Pegg
    Section Image

  • C

    Seller's Agent in 2022

    Chaz Sommer

    Sommer Realty

    (760) 622-2562

    10 Total Sales

    Chaz Sommer
    Section Image

  • C

    Buyer's Agent in 2022

    Cliff Noll

    Inactive Office C&C19

  • Charles Sommer

    Seller's Agent in 2021

    Charles Sommer

    Sommer Realty

    (760) 809-2940

    26 Total Sales

    Charles Sommer
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2400032

California Regional Multiple Listing Service (CRMLS)

APN: 109-270-17

California San Diego County Fallbrook 92028

1027 Rainbow Crest Rd, Fallbrook, CA

This home is located at 1027 Rainbow Crest Rd, Fallbrook, CA 92028 since 02 January 2024 and is currently estimated at $878,324, approximately $993 per square foot. This property was built in 2005. 1027 Rainbow Crest Rd is a home located in San Diego County with nearby schools including Vallecitos Elementary School and Fallbrook High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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