NOT LISTED FOR SALE

2029 Rainbow Valley Blvd Fallbrook, CA 92028

Estimated Value: $875,000 - $1,002,000

3 Beds
2 Baths
1,634 Sq Ft
$560/Sq Ft Est. Value

Last Sold September 13, 2021

Last sale price $770,000 $471 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,756/month

3 Days on Market

Highlights

  • View of Hills
  • No HOA
  • Front Porch
  • Secluded Lot
  • Home Office
  • Galley Kitchen

About This Home

As of September 2021

Here is your chance to secure a single level home on just shy of 1.5 acres. this beautiful single level home is surrounded on two sides by an oversized overhang that covers a large portion of the back patio. With views facing East, the patio and front porch overlook the land, seasonal creek and workshop. The gated front entrance welcomes you to this one-of-a-kind property with surprises around every corner. The home features tall ceilings, an open concept kitchen, dining area and living room with a cast-iron fireplace. The middle bedroom is currently set up as an office and can be converted back to a bedroom very easily. The two bedrooms have brand new carpet and the interior has fresh new paint. The property boasts an old grow house for flowers, various fruit trees and an oversized work shop with a cooling room, storage and commercial roll up door. Located on the corner of the road, the property features three separate entrances, perfect for RV storage and vehicle access. There is irrigation plumbed throughout the entire property and there is an old well that is thought to still be in use.

Last Agent to Sell the Property

Lee Arnold

Benchmark Properties License #01440588 Listed on: 08/20/2021

Last Buyer's Agent

Bobby Martins

eXp Realty of California, Inc License #01339628

eXp Realty of California, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,387

Year Built

  • Built in 1999

Lot Details

  • 1.43 Acre Lot
  • Secluded Lot
  • Corner Lot
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces

Interior Spaces

  • 1,634 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Home Office
  • Views of Hills
  • Galley Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Patio
  • Front Porch

Utilities

  • Central Air
  • Natural Gas Connected
  • Conventional Septic

Community Details

  • No Home Owners Association
  • Fallbrook Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 880
  • Assessor Parcel Number 1026702000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,387

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Fallbrook
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1026702000
  • Year Built: 1999
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1634.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 471.24
  • Room Type: Galley Kitchen, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Office

Exterior Features

  • Patio: Yes
  • View: Hills
  • Patio And Porch Features: Concrete, Front Porch, Rear Porch
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Fallbrook Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Secluded
  • Lot Size Sq Ft: 62291.00
  • Lot Size Acres: 1.4300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 62291.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 190.02
  • Tax Lot: 11
  • Tax Tract Number: 880

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2021
Closed on
Aug 30, 2021
Sold by
Alvarez Sandy
Bought by
Olague Lee
Seller's Agent
Lee Arnold
Benchmark Properties
Buyer's Agent
Bobby Martins
eXp Realty of California, Inc
List Price
$750,000
Sold Price
$770,000
Premium/Discount to List
$20,000
2.67%
Current Estimated Value
$928,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,146
Avg. Annual Appreciation
4.49%
Original Mortgage
$731,500
Outstanding Balance
$667,060
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$248,482

Purchase Details

Listed on
Aug 20, 2021
Closed on
Aug 26, 2021
Sold by
Hylkema Gerrit J and Hylkema Cora A
Bought by
Olague Lee
Seller's Agent
Lee Arnold
Benchmark Properties
Buyer's Agent
Bobby Martins
eXp Realty of California, Inc
List Price
$750,000
Sold Price
$770,000
Premium/Discount to List
$20,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,500
Outstanding Balance
$667,060
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$248,482

Purchase Details

Closed on
Oct 4, 2004
Sold by
Hylkema Gerrit J and Hylkema Cora A
Bought by
Hylkema Gerrit J and Hylkema Cora A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2003
Sold by
Hylkema Gerrit and Hylkema Cora
Bought by
Hylkema Gerrit J and Hylkema Cora A

Purchase Details

Closed on
Jul 18, 2003
Sold by
Ispas William J
Bought by
Hylkema Gerrit and Hylkema Cora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 12, 2003
Sold by
Ispas William J
Bought by
Ispas William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.78%

Purchase Details

Closed on
Mar 22, 2002
Sold by
Ispas William J
Bought by
Ispas William J

Purchase Details

Closed on
Oct 13, 1997
Sold by
Albaugh Twyla M Living Trust 10-29-90
Bought by
Ispas William J and Ispas Darlene L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
7.49%
Mortgage Type
Seller Take Back
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
Olague Lee -- Ticor Title San Diego Branch
Olague Lee $770,000 Ticor Title San Diego Branch
Hylkema Gerrit J -- --
Hylkema Gerrit J -- --
Hylkema Gerrit J -- First American Title Co
Hylkema Gerrit $431,000 First American Title Co
Ispas William J -- Stewart Title
Ispas William J -- --
Ispas William J $54,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olague Lee $31,000
Closed Olague Lee $20,160
Open Olague Lee $731,500
Previous Owner Hylkema Gerrit J $300,000
Previous Owner Hylkema Gerrit $322,700
Previous Owner Ispas William J $200,000
Previous Owner Ispas William J $26,000
Closed Ispas William J $49,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2021 09/13/21 Sold $770,000 +2.7% $471 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $750,000 -- $459 / 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 $8,387 $817,127 $379,178 $437,949
2024 $8,387 $801,106 $371,744 $429,362
2023 $8,183 $785,399 $364,455 $420,944
2022 $8,069 $770,000 $357,309 $412,691
2021 $5,905 $566,101 $262,692 $303,409
2020 $5,508 $520,000 $237,000 $283,000
2019 $5,405 $510,000 $233,000 $277,000
2018 $5,421 $510,000 $233,000 $277,000
2017 $5,103 $480,000 $220,000 $260,000
2016 $4,768 $450,000 $207,000 $243,000
2015 $4,451 $420,000 $194,000 $226,000
2014 $3,949 $380,000 $176,000 $204,000
Source: Public Records

Agents Affiliated with this Home

  • Lee Arnold

    Seller's Agent in 2021

    Lee Arnold

    Benchmark Properties

    (760) 502-6263

    139 Total Sales

    Section Image
  • Bobby Martins

    Buyer's Agent in 2021

    Bobby Martins

    eXp Realty of California, Inc

    (858) 299-6792

    297 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: ND21170588

California Regional Multiple Listing Service (CRMLS)

APN: 102-670-20

California San Diego County Fallbrook 92028

2029 Rainbow Valley Blvd, Fallbrook, CA

This home is located at 2029 Rainbow Valley Blvd, Fallbrook, CA 92028 since 20 August 2021 and is currently estimated at $915,542, approximately $560 per square foot. This property was built in 1999. 2029 Rainbow Valley Blvd is a home located in San Diego County with nearby schools including Vallecitos Elementary School and Fallbrook High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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