NOT LISTED FOR SALE

10721 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $1,632,000 - $2,031,790

2 Beds
2 Baths
2,812 Sq Ft
$637/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $1,500,000 $533 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,848/month

94 Days on Market

Highlights

  • Detached Guest House
  • Horse Property
  • Custom Home
  • Barn
  • All Bedrooms Downstairs
  • 40 Acre Lot

About This Home

As of January 2022

WOW! Here is one of the rarest opportunity to own 40 acres in beautiful Rainbow-Fallbrook, California. This mature property is complimented with water and power. This gorgeous community offers spectacular views and privacy while allowing yo to take advantage of 40 usable acres. There are many possibilities with the 40 acres. Horses, grapes (winery), fruit trees, nuts, beans (maybe coffee), pool, more structures, new builds, dirt bike track, camping, the list goes on; let your imagination go to work with this 40 acres. As you enter this exclusive and very private oasis, you will find two amazing homes, 4 car garage, and a barn/storage with a bonus room above the barn. The main house features one massive bedroom which may be created into two rooms. The bedroom (octagon shape) features wood floor, multiple windows to offer natural lighting during the day and gorgeous evening views. This custom home shows off stunning open beam ceiling, stand alone burning stove. open floor plan with the kitchen opening into the entertainment area. Again, the oversized entertainment area boasts of multiple windows and sliding doors to allow for natural lighting during the day and moon lighting in the evening; truly amazing. The main house has its own separate wash/dryer area; bathroom features shower, tankless water-heater. The second home on this property is of great value; may be used for income, guest quarters, wine tasting room, office, or living space for extended family. The home is very spacious with an floor plan featuring multiple windows for natural lighting during the day and evening, tankless water heater, central AC forced heat. This guest house boast of a large living area with a lovely fireplace for the cooler winter days. There is more; an oversize 4 car garage' with custom electronic openers. This garage is able to store your custom cars and boats. There is also a BARN with overhead space. This custom barn may be used for your horses, animals, work space or car and boat storage as well. Lastly, the 40 acres. These acres are very usable, flat, and serene. The opportunities are endless.

Last Agent to Sell the Property

Dominick Archuleta

Archuleta Realty License #01308760 Listed on: 10/24/2021

Last Buyer's Agent

Joseph McShane

eXp Realty of California, Inc. License #01999504

eXp Realty of California, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,032

Year Built

  • Built in 1977

Lot Details

  • 40 Acre Lot
  • No Common Walls
  • Rural Setting
  • Barbed Wire
  • Fence is in good condition
  • Level Lot
  • Density is 36-40 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Garage Door Opener
  • Gravel Driveway
  • Unpaved Parking

Property Views

  • Canyon
  • Rock

Home Design

  • Custom Home
  • Turnkey
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 2,812 Sq Ft Home
  • Open Floorplan
  • Beamed Ceilings
  • Double Door Entry
  • Sliding Doors
  • Living Room with Fireplace
  • Workshop
  • Formica Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Horse Property

Additional Homes

  • Two Homes on a Lot
  • Detached Guest House

Farming

  • Barn
  • Agricultural

Utilities

  • Central Air
  • Wall Furnace
  • Natural Gas Connected
  • Septic Type Unknown
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 191
  • Tax Tract Number 1
  • Assessor Parcel Number 1093000200
  • $1,304 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Fallbrook Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,032

Year Built

Built in 1977

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 750000
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Fallbrook
  • View: Yes
  • Zoning: A
  • Architectural Style: Custom Built
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 1093000200
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Formica Counters, Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Door Features: Double Door Entry, Sliding Doors
  • Fireplace Features: Living Room
  • Price Per Square Foot: 533.43
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Walk-In Closet, Workshop

Exterior Features

  • Foundation: Slab
  • Other Structures: Barn(s), Guest House Detached, Two On A Lot
  • View: Canyon, Rocks
  • Fence: Yes
  • Fencing: Barbed Wire, Good Condition
  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Gravel, Unpaved, Garage, Garage Door Opener
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Septic Type Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre, Agricultural - Other, Agricultural - Tree/Orchard, Agricultural - Vine/Vineyard, Horse Property, Level
  • Lot Size Sq Ft: 1742400.00
  • Lot Size Acres: 40.0000

Multi Family

  • Lot Size Area: 1742400.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 191.01
  • Tax Lot: 191
  • Tax Tract Number: 01
  • TaxOtherAnnualAssessmentAmount: 1304.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2021
Closed on
Jan 28, 2022
Sold by
M Rust Rawnsley Trust
Bought by
Marilyn I Hansen Trust
Seller's Agent
Dominick Archuleta
Archuleta Realty
Buyer's Agent
Joseph McShane
eXp Realty of California, Inc.
List Price
$1,500,000
Sold Price
$1,500,000
Current Estimated Value
$1,715,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,143
Avg. Annual Appreciation
3.27%

Purchase Details

Listed on
Oct 24, 2021
Closed on
Jan 20, 2022
Sold by
M Rust Rawnsley Trust
Bought by
Marilyn I Hansen Trust
Seller's Agent
Dominick Archuleta
Archuleta Realty
Buyer's Agent
Joseph McShane
eXp Realty of California, Inc.
List Price
$1,500,000
Sold Price
$1,500,000

Purchase Details

Closed on
Aug 20, 2021
Sold by
Rust Rawnsley Mackall
Bought by
M Rust Rawnsley Trust

Purchase Details

Closed on
Dec 7, 2007
Sold by
Rawnsley M Rust and Rawnsley Mackall Rust
Bought by
Rawnsley M Rust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Marilyn I Hansen Trust $1,500,000 Orange Coast Title
Marilyn I Hansen Trust $1,500,000 Orange Coast Title
M Rust Rawnsley Trust -- --
Rawnsley M Rust -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $1,500,000 0.0% $533 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
11/29/2021 11/29/21 For Sale $1,500,000 0.0% $533 / Sq Ft
11/03/2021 11/03/21 Off Market $1,500,000 -- --
10/24/2021 10/24/21 For Sale $1,500,000 -- $533 / 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 $18,032 $1,591,811 $848,966 $742,845
2024 $18,032 $1,560,600 $832,320 $728,280
2023 $17,641 $1,530,000 $816,000 $714,000
2022 $4,354 $283,029 $101,640 $181,389
2021 $4,201 $277,481 $99,648 $177,833
2020 $4,207 $274,637 $98,627 $176,010
2019 $4,131 $269,253 $96,694 $172,559
2018 $4,060 $263,975 $94,799 $169,176
2017 $930 $258,800 $92,941 $165,859
2016 $3,939 $253,726 $91,119 $162,607
2015 $3,897 $249,916 $89,751 $160,165
2014 $3,840 $245,021 $87,993 $157,028
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21234676

California Regional Multiple Listing Service (CRMLS)

APN: 109-300-02