1532 Rainbow Dr Santa Ana, CA 92705
Estimated payment $7,517/month
Highlights
- In Ground Pool
- Open Floorplan
- Quartz Countertops
- Red Hill Elementary School Rated A-
- Main Floor Bedroom
- No HOA
About This Home
Welcome to 1532 Rainbow Drive, ideally situated in one of the most sought-after neighborhoods in North Tustin. Tucked away on a quiet cul-de-sac, this exceptional property offers privacy, space, and incredible potential on one of the largest parcels in the community — boasting the second biggest lot in the entire neighborhood at an expansive 15,380 square feet. This 3-bedroom, 2-bathroom home features a spacious open floor plan designed for comfortable living and effortless entertaining. The kitchen flows seamlessly into the living room, creating a bright and inviting gathering space centered around a charming whitewashed brick fireplace. A large island with brand-new quartz countertops anchors the kitchen, offering both style and functionality. Freshly updated with brand-new interior and exterior paint, the home feels crisp, modern, and move-in ready. An added bonus is the rear addition, which includes an additional bedroom and bathroom not included in the square footage — ideal for guests, extended family, or a private office space. The primary suite is a peaceful retreat, highlighted by elegant French doors that open directly to the backyard. Step outside to your own private oasis featuring a sparkling pool, perfect for relaxing afternoons or entertaining family and friends. With its expansive lot size, cul-de-sac location, and desirable setting, this property offers a rare opportunity to own one of the premier homes in the neighborhood. Located near Award Winning Tustin Unified Schools.
Home Details
Home Type
- Single Family
Year Built
- Built in 1957
Lot Details
- 15,380 Sq Ft Lot
- Cul-De-Sac
- Fenced
- Fence is in average condition
Parking
- 2 Car Attached Garage
- Parking Available
- Front Facing Garage
- Driveway
Home Design
- Entry on the 1st floor
- Turnkey
- Cosmetic Repairs Needed
- Raised Foundation
- Composition Roof
Interior Spaces
- 1,473 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Recessed Lighting
- Living Room with Fireplace
- Laminate Flooring
- Neighborhood Views
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Gas Range
- Dishwasher
- Quartz Countertops
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- In Ground Pool
- Wood Patio
- Exterior Lighting
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 3131
- Assessor Parcel Number 10341219
- $527 per year additional tax assessments
- Seller Considering Concessions
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 | $5,904 | $515,097 | $397,298 | $117,799 |
| 2024 | $5,904 | $504,998 | $389,508 | $115,490 |
| 2023 | $5,758 | $495,097 | $381,871 | $113,226 |
| 2022 | $5,669 | $485,390 | $374,384 | $111,006 |
| 2021 | $5,556 | $475,873 | $367,043 | $108,830 |
| 2020 | $5,528 | $470,994 | $363,279 | $107,715 |
| 2019 | $5,395 | $461,759 | $356,156 | $105,603 |
| 2018 | $5,308 | $452,705 | $349,172 | $103,533 |
| 2017 | $5,217 | $443,829 | $342,326 | $101,503 |
| 2016 | $5,125 | $435,127 | $335,614 | $99,513 |
| 2015 | $5,189 | $428,591 | $330,572 | $98,019 |
| 2014 | $5,058 | $420,196 | $324,097 | $96,099 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/05/2026 04/05/26 | Price Changed | $1,325,000 | -1.9% | $900 / Sq Ft |
| 02/19/2026 02/19/26 | For Sale | $1,350,000 | -- | $916 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Grant Deed | $400,000 | North American Title | |
| Trustee Deed | $442,000 | North American Title Co | |
| Interfamily Deed Transfer | -- | Alliance Title Company | |
| Grant Deed | $465,000 | United Title Company | |
| Interfamily Deed Transfer | -- | United Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $325,000 | New Conventional | |
| Closed | $320,000 | Purchase Money Mortgage | |
| Previous Owner | $565,000 | Purchase Money Mortgage | |
| Previous Owner | $465,000 | Fannie Mae Freddie Mac |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26037324
APN: 103-412-19
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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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