1239 Rainbow Valley Blvd Fallbrook, CA 92028
Estimated payment $5,323/month
Highlights
- Horse Property
- Craftsman Architecture
- Two Story Ceilings
- Panoramic View
- Secluded Lot
- Wood Flooring
About This Home
BACK ON THE MARKET!!! Original Wine Country Schoolhouse. Very special and unique Country property just minutes from Old Town Temecula. Two plus gentle oak studded acres featuring “The Old Vallecitos School House” converted to a three bedroom plus loft, two bathrooms. The renovated Schoolhouse was built in 1887 and was used as such until it was moved onto this property in the 1950's. Beautiful hardwood flooring, a huge fireplace and recently opened up original windows are charming touches to the original first floor. Upstairs the bedrooms have knotty pine flooring and old slat windows. There is a full bedroom and bath downstairs. The home has new drywall, fresh interior and new exterior "Victorian" paint and all of the wood flooring has been refinished. Propane has been added and so have heating and A/C. New Roof in 2025 plus home was recently tented and all termite work completed. Both bathrooms have been completely remodeled and kitchen has been updated with new sink, faucet and countertops. Outside beautiful natural landscape on gentle fertile land perfect for gardening. There is a large metal barn/workshop and a one horse old wood barn. Enjoy the charming setting while being only minutes to everything Temecula and Fallbrook have to offer including 60+ wineries within 20 minutes! Only .4 mile to Rainbow Oaks Restaurant and gas station.
Listing Agent
Coldwell Banker Realty Brokerage Phone: 949-230-5887 License #01165545 Listed on: 02/15/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1887 | Remodeled
Lot Details
- 2.15 Acre Lot
- Chain Link Fence
- Secluded Lot
- Rectangular Lot
- Level Lot
- Garden
- Back and Front Yard
Property Views
- Panoramic
- Woods
- Orchard Views
- Hills
- Neighborhood
- Rock
Home Design
- Craftsman Architecture
- Entry on the 1st floor
Interior Spaces
- 1,817 Sq Ft Home
- 2-Story Property
- Two Story Ceilings
- Wood Burning Fireplace
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
- Center Hall
Kitchen
- Galley Kitchen
- Breakfast Area or Nook
- Gas Oven
- Gas Range
- Pots and Pans Drawers
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Primary Bedroom on Main
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry in Carport
- Dryer
- Washer
Parking
- 2 Parking Spaces
- 2 Carport Spaces
Outdoor Features
- Horse Property
- Covered Patio or Porch
Farming
- Agricultural
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Wood
- Propane
- Tankless Water Heater
- Conventional Septic
Community Details
- No Home Owners Association
- Fallbrook Subdivision
- Valley
Listing and Financial Details
- Assessor Parcel Number 1026600700
Map
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 | $4,305 | $414,322 | $236,756 | $177,566 |
| 2024 | $4,305 | $406,199 | $232,114 | $174,085 |
| 2023 | $4,201 | $398,235 | $227,563 | $170,672 |
| 2022 | $4,142 | $390,427 | $223,101 | $167,326 |
| 2021 | $4,034 | $382,773 | $218,727 | $164,046 |
| 2020 | $4,052 | $378,849 | $216,485 | $162,364 |
| 2019 | $3,975 | $371,422 | $212,241 | $159,181 |
| 2018 | $3,910 | $364,140 | $208,080 | $156,060 |
| 2017 | $3,832 | $357,000 | $204,000 | $153,000 |
| 2016 | $3,743 | $350,000 | $200,000 | $150,000 |
| 2015 | $2,062 | $189,681 | $101,233 | $88,448 |
| 2014 | $407 | $38,593 | $22,027 | $16,566 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/15/2026 02/15/26 | For Sale | $929,900 | 0.0% | $512 / Sq Ft | |
| 01/10/2017 01/10/17 | Rented | $2,700 | 0.0% | -- | |
| 12/09/2016 12/09/16 | For Rent | $2,700 | +12.5% | -- | |
| 04/29/2016 04/29/16 | Rented | $2,400 | 0.0% | -- | |
| 04/10/2016 04/10/16 | For Rent | $2,400 | 0.0% | -- | |
| 11/25/2015 11/25/15 | Sold | $350,000 | 0.0% | $193 / Sq Ft | View Prior Sale |
| 10/14/2015 10/14/15 | Pending | -- | -- | -- | |
| 10/12/2015 10/12/15 | Price Changed | $350,000 | -12.5% | $193 / Sq Ft | |
| 09/01/2015 09/01/15 | Price Changed | $399,990 | -10.9% | $220 / Sq Ft | |
| 08/18/2015 08/18/15 | Price Changed | $449,000 | -5.5% | $247 / Sq Ft | |
| 07/24/2015 07/24/15 | For Sale | $475,000 | -- | $261 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $350,000 | Stewart Title Riverside | |
| Interfamily Deed Transfer | -- | Stewart Title Riverside | |
| Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $280,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26034413
APN: 102-660-07
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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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