NOT LISTED FOR SALE

1027 Rainbow Crest Rd Fallbrook, CA 92028

Fallbrook Area

Estimated Value: $840,123

2 Beds
1 Bath
884 Sq Ft
$950/Sq Ft Est. Value

Sale Details

Date Sold: February 6, 2024

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

Est. 4% increase in value since last sale

Current estimated payment $5,315 / mo

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

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

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 884 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laundry in Garage

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

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

Year Built

Built in 2005

Lot Details

1.82 Acres

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
  • Common Walls: No Common Walls
  • Appliances: No
  • Full 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

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

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
Jan 2, 2024
Closed on
Jan 31, 2024
Sold by
Bought by
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
$840,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,123
Avg. Annual Appreciation
1.75%
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
Bought by
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
Bought by
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
Bought by

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
Bought by

Purchase Details

Closed on
Mar 29, 2006
Sold by
Bought by

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
Bought by

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
Bought by

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
New Conventional

Purchase Details

Closed on
Dec 24, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 22, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 14, 1983
Source: Public Records
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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
$805,000 Lawyers Title
$750,000 Fidelity National Title
$600,000 Fidelity Natl Ttl San Diego
$247,500 Stewart Title
$425,187 Accommodation
-- Commonwealth Land Title
$585,000 Commonwealth Land Title
-- Commonwealth Title
$220,000 First American Title
-- --
$20,000 --
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 $580,000
Closed $578,600
Closed $563,500
Previous Owner $594,204
Previous Owner $570,000
Previous Owner $224,500
Previous Owner $183,000
Previous Owner $185,625
Previous Owner $105,000
Previous Owner $365,000
Previous Owner $400,000
Previous Owner $250,000
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
02/06/2024 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 View Prior Sale
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 View Prior Sale
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

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 $8,846 $907,520 $418,200 $489,320
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

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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

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