NOT LISTED FOR SALE

1029 Rainbow Valley Ct Fallbrook, CA 92028

Estimated Value: $932,000 - $1,047,000

4 Beds
3 Baths
1,792 Sq Ft
$556/Sq Ft Est. Value

Last Sold March 09, 2023

Last sale price $900,000 $502 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,226/month

72 Days on Market

Highlights

  • RV Access or Parking
  • Updated Kitchen
  • Secluded Lot
  • Panoramic View
  • Open Floorplan
  • Main Floor Bedroom

About This Home

As of March 2023

Back on the market and available at no fault of the property or the seller, don't miss out this time if you did previously! Step inside this modern Scandinavian-inspired home to be greeted with vaulted ceilings from the living room to the kitchen. The Oversized Floor-to-ceiling windows showcase a view comparable to the Italian countryside. This two-acre property, situated between a strawberry field and your own secluded mini forest, offers a truly private setting that will inspire. Here are just a few of the compelling features this fully renovated home has to offer. Brand new roof installed over the home and detached garage; the entire electrical and plumbing systems have been updated; the septic tank has been replaced; huge view windows have been installed to maximize the view and space; bi fold according doors have been installed to the deck creating seamless indoor-outdoor living; all new luxury vinyl plank flooring has been installed; new heating and air-conditioning system with NEST controls; the entire kitchen has been redone including appliances, counters, cabinets, and more; a hidden pantry has been added to increase storage. Those are just a few, please read on for more details. With the living room flowing into the kitchen and the panoramic bi-folding doors that open to the deck, you have seamless indoor/outdoor living. This open-concept home is enriched with wide plank white oak flooring LVP paired with inviting soft whites and beautiful woods, highlighted by black and gold fixtures. The large kitchen was designed with generous space for cooking and storage without sacrificing one drop of aesthetic eye candy. The waterfall island, open shelving, and secret hidden pantry are a testament to this. Make sure you check this out! A secret door to a hidden room behind the appliances with pantry storage and gorgeous views, how cool is that? Whether you commute North to Temecula, South to San Diego, or West to the coast, this private and spacious home is just a few minutes to the East of I-15, with easy access on and off the freeway. The primary bedroom has a large designer en-suite bathroom, complete with a free-standing tub, floating double sink vanity, and a walk-in shower. This 4-bedroom, 3-bathroom layout is move-in ready with numerous upgraded and designer touches. Windows are double pane for high efficiency. The roof has been replaced with new architectural shingles, a new septic system, furnace, and air-conditioning (with Nest thermostat), upgraded electrical (solar ready), plumbing, Board and Batten exterior, and all new appliances. There are two garages on the property. The main garage measures ~22' by 22' with room for two cars and plenty of storage. The garage has a bonus room measuring 22' by 9' with a small bathroom, shower, laundry sink, and hookups for a washing machine and dryer. The unit could easily be rented out or used as a mother-in-law suite. In addition, there is a detached ~700 square foot garage/shop with a private driveway, cement pad, and sub-panel to run power tools. There are numerous vantage points to relax and enjoy the views or play on the tire swing. Throughout the day, there is a gentle breeze that blows through. Nighttime views are breathtaking! It feels as if the stars are on top of you at night as you see lights off in the distance. If you like this home during the day, come back at sunset.

Last Agent to Sell the Property

Casey Cooke

Redfin Corporation License #01845539 Listed on: 11/04/2022

Redfin Corporation

Last Buyer's Agent

Theresa Mack

eXp Realty of California, Inc. License #01893281

eXp Realty of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,619

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 1.97 Acre Lot
  • Property fronts a private road
  • Northeast Facing Home
  • Partially Fenced Property
  • Landscaped
  • Secluded Lot
  • Flag Lot
  • Gentle Sloping Lot
  • Property is zoned Single Family Residential

Parking

  • 5 Car Attached Garage
  • 20 Open Parking Spaces
  • Parking Available
  • Single Garage Door
  • RV Access or Parking

Property Views

  • Panoramic
  • Mountain
  • Hills

Home Design

  • Split Level Home
  • Turnkey
  • Additions or Alterations
  • Fire Rated Drywall
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stone Siding
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,792 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Decorative Fireplace
  • Electric Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Workshop
  • Storage

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Electric Oven
  • Electric Cooktop
  • Free-Standing Range
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Built-In Trash or Recycling Cabinet
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Remodeled Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Multiple Shower Heads
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Wood Patio
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Shed
  • Outbuilding
  • Front Porch

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Garage
  • Water Heater

Listing and Financial Details

  • Tax Tract Number 190
  • Assessor Parcel Number 1026601500

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Trails
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,619

Year Built

Built in 1963 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: Single Family Residential
  • Property Condition: Additions/Alterations, Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1026601500
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1792.00 Square Feet
  • Interior Amenities: Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Storage, Unfurnished
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Family Kitchen, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Decorative, Electric, Great Room
  • Levels: Multi/Split
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 502.23
  • Room Type: All Bedrooms Down, Family Room, Great Room, Kitchen, Main Floor Bedroom, Main Floor Master Bedroom, Walk-In Pantry, Workshop
  • Window Features: Double Pane Windows, Insulated Windows
  • Bathroom Features: Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Remodeled, Separate Tub And Shower, Upgraded, Walk-In Shower, Bathtub
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Kitchen Island, Remodeled Kitchen, Walk-In Pantry, Built-In Trash/Recycling

Exterior Features

  • Patio: Yes
  • Direction Faces: Northeast
  • Other Structures: Outbuilding, Shed(s), Workshop
  • Exterior Features: Lighting
  • View: Hills, Mountain(s), Panoramic
  • Fence: Yes
  • Fencing: Partial
  • Patio And Porch Features: Deck, Front Porch, Rear Porch, Wood
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Glass, Stone, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 5.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Garage - Single Door, RV Access/Parking, RV Gated
  • Total Parking Spaces: 25.00
  • Uncovered Spaces: 20.00

Utilities

  • Utilities: Electricity Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Free-Standing Range, Disposal, Ice Maker, Refrigerator, Water Heater
  • Electric: 220 Volts in Garage, Standard
  • Heating Type: Central, Forced Air
  • Laundry Features: Electric Dryer Hookup, In Garage, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Horse Trails, Hiking

Schools

  • School District: Fallbrook Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping, Landscaped, Lot Over 40000 Sqft, Flag Lot, Secluded
  • Lot Size: Flag style, main area roughly 400' x 170'
  • Lot Size Sq Ft: 85813.20
  • Lot Size Acres: 1.9700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1.9700 Acres
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 0190.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 30, 2023
Sold by
Artifact Residential Llc
Bought by
Ransom Jake and Ransom Hannah Elizabeth
Seller's Agent
Casey Cooke
Redfin Corporation
Buyer's Agent
Theresa Mack
eXp Realty of California, Inc.
List Price
$899,000
Sold Price
$900,000
Premium/Discount to List
$1,000
0.11%
Views
81
Current Estimated Value
$995,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,615
Avg. Annual Appreciation
3.93%
Original Mortgage
$809,910
Outstanding Balance
$785,395
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$203,691

Purchase Details

Closed on
Feb 11, 2022
Sold by
Socal Metro Holdings Llc
Bought by
Artifact Residential Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,500
Interest Rate
3.55%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 12, 2022
Sold by
Pennymac Loan Services Llc
Bought by
Socal Metro Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,500
Interest Rate
3.55%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 4, 2019
Sold by
Mowry Joseph M and Mowry Taylor M
Bought by
Pennymac Loan Services Llc

Purchase Details

Listed on
Mar 7, 2017
Closed on
Mar 17, 2017
Sold by
Mathews Carl H and Mathews Donna A
Bought by
Mowry Joseph M and Mowry Taylor M
Seller's Agent
Brenda Ball
Keller Williams Realty
Buyer's Agent
Gabriela Marks
Blue Horizon Realty & Lending
List Price
$545,000
Sold Price
$545,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%
Original Mortgage
$535,128
Interest Rate
4.16%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 28, 2000
Sold by
Mathews Carl H
Bought by
Mathews Carl H and Mathews Donna A

Purchase Details

Closed on
Oct 14, 1992
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
Ransom Jake $900,000 Ticor Title
Artifact Residential Llc $670,000 First American Title
Socal Metro Holdings Llc $620,000 First American Title
Pennymac Loan Services Llc $491,400 Servicelink
Mowry Joseph M $545,000 First American Title Company
Mathews Carl H -- --
-- $166,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ransom Jake $809,910
Previous Owner Artifact Residential Llc $640,500
Previous Owner Mowry Joseph M $535,128
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2023 03/09/23 Sold $900,000 +0.1% $502 / Sq Ft
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
03/14/2017 03/14/17 Pending -- -- --
03/07/2017 03/07/17 For Sale $545,000 -- $304 / 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 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2211024

California Regional Multiple Listing Service (CRMLS)

APN: 102-660-15