1029 Rainbow Valley Ct Fallbrook, CA 92028
Estimated payment $6,548/month
Highlights
- Panoramic View
- Balcony
- Cul-De-Sac
- Cathedral Ceiling
- 4 Car Garage
- Soaking Tub
About This Home
Welcome to your new home, a beautifully renovated 4-bedroom, 3-bathroom retreat nestled in the tranquil hills of Rainbow, Fallbrook. Set on nearly 2 acres of panoramic beauty, this home combines modern elegance with the peaceful charm of country living. Step inside to discover an open-concept layout filled with natural light and sweeping views from every angle. The expansive living area flows seamlessly into the dining space and a chef-inspired kitchen, complete with stainless steel appliances, abundant cabinetry, hidden pantry and generous counter space — all framed by La Cantina–style doors that open to stunning outdoor vistas and the attached deck. The primary suite is a private oasis featuring a spa-like en-suite bathroom with a soaking tub and an oversized walk-in shower. Every bathroom throughout the home showcases contemporary finishes and thoughtful design. Enjoy the convenience of two laundry areas, two garages (one attached and one detached), and ample parking and storage — perfect for hobbies, guests, or multi-generational living. Your pets will love it here too — the property is pet-friendly with fencing and plenty of space to roam. Whether you’re unwinding on the balcony with panoramic views, hosting under the stars, or simply soaking in the peaceful views, this property offers the ideal blend of modern comfort and rural tranquility.
Home Details
Home Type
- Single Family
Year Built
- Built in 1963
Lot Details
- 1.97 Acre Lot
- Cul-De-Sac
- Property is Fully Fenced
- Property is zoned AGRICULTUR
Parking
- 4 Car Garage
Property Views
- Panoramic
- City Lights
- Mountain
Home Design
- Turnkey
- Composition Roof
- Wood Siding
Interior Spaces
- 1,792 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Electric Fireplace
- Living Room with Fireplace
- Dining Area
Kitchen
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Soaking Tub
Laundry
- Dryer
- Washer
Outdoor Features
- Balcony
- Shed
- Shop
Utilities
- Central Air
- Heat Pump System
Community Details
- Fallbrook Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,619 | $936,358 | $492,821 | $443,537 |
| 2024 | $9,619 | $917,999 | $483,158 | $434,841 |
| 2023 | $7,145 | $587,422 | $309,170 | $278,252 |
| 2022 | $6,186 | $587,422 | $309,170 | $278,252 |
| 2021 | $6,024 | $575,905 | $303,108 | $272,797 |
| 2020 | $6,050 | $570,000 | $300,000 | $270,000 |
| 2019 | $6,021 | $567,016 | $129,186 | $437,830 |
| 2018 | $5,921 | $555,899 | $126,653 | $429,246 |
| 2017 | $930 | $248,693 | $56,661 | $192,032 |
| 2016 | $2,552 | $243,817 | $55,550 | $188,267 |
| 2015 | $2,512 | $240,156 | $54,716 | $185,440 |
| 2014 | $2,457 | $235,453 | $53,645 | $181,808 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/03/2025 11/03/25 | Pending | -- | -- | -- | |
| 10/20/2025 10/20/25 | For Sale | $1,100,000 | +22.2% | $614 / Sq Ft | |
| 03/09/2023 03/09/23 | Sold | $900,000 | +0.1% | $502 / Sq Ft | View Prior Sale |
| 01/15/2023 01/15/23 | Pending | -- | -- | -- | |
| 01/11/2023 01/11/23 | For Sale | $899,000 | 0.0% | $502 / Sq Ft | |
| 12/31/2022 12/31/22 | Pending | -- | -- | -- | |
| 12/25/2022 12/25/22 | For Sale | $899,000 | 0.0% | $502 / Sq Ft | |
| 12/20/2022 12/20/22 | Pending | -- | -- | -- | |
| 12/13/2022 12/13/22 | Price Changed | $899,000 | -9.1% | $502 / Sq Ft | |
| 11/15/2022 11/15/22 | Price Changed | $989,000 | -10.1% | $552 / Sq Ft | |
| 11/04/2022 11/04/22 | For Sale | $1,100,000 | +101.8% | $614 / Sq Ft | |
| 04/11/2017 04/11/17 | Sold | $545,000 | 0.0% | $304 / Sq Ft | View Prior Sale |
| 03/14/2017 03/14/17 | Pending | -- | -- | -- | |
| 03/07/2017 03/07/17 | For Sale | $545,000 | -- | $304 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,100,000 | Lawyers Title Company | |
| Grant Deed | $900,000 | Ticor Title | |
| Grant Deed | $670,000 | First American Title | |
| Grant Deed | $620,000 | First American Title | |
| Trustee Deed | $491,400 | Servicelink | |
| Grant Deed | $545,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $166,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,080,076 | FHA | |
| Previous Owner | $809,910 | New Conventional | |
| Previous Owner | $640,500 | Construction | |
| Previous Owner | $535,128 | FHA |
Source: San Diego MLS
MLS Number: 250042107
APN: 102-660-15
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.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS.
- 0 Rainbow Glen Rd Unit NDP2508460
- 0 Rainbow Glen Rd Unit 240010596
- 4747 Oak Crest Rd Unit 28
- 1996 Rainbow Glen Rd
- 0 Huffstatler St
- Along Ordway Rd
- 0 Old Highway 395
- 2477 Lookout Mountain Rd Unit 1025710200
- 4287 Rosa Rancho Ln
- 3027 Rainbow Valley Blvd
- 4027 Sumac Summit
- 0 Stewart Canyon Rd Unit ND25050534
- 879 Stewart Canyon Rd
- 3548 Rosa Way
- 1810 Via Ladera
- 3577 Stonegate Place
- 6036 Rainbow Heights Rd
- 145 Yucca Rd
- 1387 Las Vistas Rd
- 0 Aspen Rd Unit OC25220156