NOT LISTED FOR SALE

2041 Rainbow Valley Blvd Fallbrook, CA 92028

Estimated Value: $410,000 - $655,000

2 Beds
1.5 Baths
633 Sq Ft
$860/Sq Ft Est. Value

Last Sold January 14, 2022

Last sale price $345,000 $545 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,279/month

78 Days on Market

Highlights

  • Craftsman Architecture
  • Corner Lot
  • The community has rules related to allowing live work
  • Deck
  • Private Yard
  • Breakfast Area or Nook

About This Home

As of January 2022

Beautiful & quaint 2BR Craftsman cottage home in desirable rural Fallbrook! Zoned for 'mixed use’ this property offers tons of potential & can be used for both your residential &/or commercial needs if desired. Completely updated by the current owner with newer plumbing & electrical systems, a newer roof, reinforced foundation, newer fencing fully surrounding the property for privacy & much more! Interior upgrades include engineered hardwood & tile flooring throughout, upgraded Low-E windows & slider, completely remodeled kitchen & baths w/ quartz countertops & all upgraded modern fixtures. A vaulted ceiling in the living area allows for tons of natural light throughout the home. Property also offers lots of off-street parking & enclosed backyard patio area for outdoor dining & relaxing. Outdoor washer/ dryer hook-ups on-site. While preserved w/ its’ original, vintage character & historical zoning, this unique gem also offers all the right touches of the more modern upgrades you’ll desire in a home! Property was declared a county historic site in 1988 & it has entertained many businesses throughout the years. Located approx. 10 mins from Old Town Temecula & the French Valley wineries while also close to easy I-15 freeway access South to San Diego or East towards the Coast. NO HOA fees & the historical designation can save you every year on your tax-base too!

Last Agent to Sell the Property

Todd Romano

Century 21 Affiliated License #01803326 Listed on: 10/13/2021

Century 21 Affiliated

Last Buyer's Agent

Alexander Mickle

Urban West Ventures License #01350200

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,776

Year Built

  • Built in 1921

Lot Details

  • 912 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot
  • Private Yard
  • Property is zoned R-1:SINGLE

Home Design

  • Craftsman Architecture
  • Turnkey
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 633 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Laundry Located Outside

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 7 Parking Spaces
  • Carport
  • Driveway
  • RV Potential

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Gravity Heating System
  • Separate Water Meter
  • Water Heater
  • Septic System

Community Details

  • The community has rules related to allowing live work

Listing and Financial Details

  • Assessor Parcel Number 102-420-22-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,776

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Architectural Style: Craftsman
  • Residential Styles: Detached
  • Property Condition: Turnkey
  • Market Area: North County
  • Cross Street: 8th St
  • Neighborhood: Rainbow
  • Estimated Living Space: 500 to 999 SqFt
  • LP / Sq Ft: 608.21
  • Price Per Sq Ft: 545.02
  • SP/ Sq Ft: 545.02
  • Stories: 1 Story
  • Stories In Building: 1
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1921
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Laminate, Tile
  • Equipment Available: Microwave, Refrigerator, Electric Range
  • Walls: Drywall
  • Searchable Rooms: Bedroom Entry Level, Breakfast Area, Dining Area, MBR Entry Level
  • Total Bedrooms: 2
  • Bedrooms: 2
  • Master Bedroom Dimensions: 9x12
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Laundry Location: Outside
  • Estimated Sq Ft: 633
  • Total Bathrooms: 2

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full
  • Patio: Deck, Enclosed
  • Roof: Composition
  • Exclusive Use Yard: Yes

Garage/Parking

  • Parking for RV: Potential Space
  • Non Garage Parking: Carport, Driveway
  • Garage Spaces: 7
  • Parking Spaces Total: 7

Utilities

  • Laundry Utilities: Electric
  • Sewer/Septic: Septic Installed
  • Water: Meter on Property
  • Water Heater Type: Electric
  • Heating: Wall/Gravity
  • Heating Fuel: Electric
  • Utilities: Electricity Connected, Water Connected

Association/Amenities

  • Entry Level Building: 1

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: FALLBROOK

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Corner Lot
  • Topography: Level
  • Zoning: R-1:SINGLE
  • Additional Property Use: Res/Business Use OK, ORMKS
  • Assessor Parcel Number: 102-420-22-00
  • Estimated Lot Sq Ft: 912
  • Estimated Number of Acres: 0.02
  • Map Code Column: J
  • Map Code Page: 998
  • Map Code Row: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Jan 5, 2022
Sold by
Bernarda Zillman Lercy
Bought by
Moorehoward Investments Llc
Seller's Agent
Todd Romano
Century 21 Affiliated
Buyer's Agent
Alexander Mickle
Urban West Ventures
List Price
$385,000
Sold Price
$345,000
Premium/Discount to List
-$40,000
-10.39%
Current Estimated Value
$544,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,132
Avg. Annual Appreciation
13.45%

Purchase Details

Closed on
Feb 10, 2018
Sold by
Zillman Darryl Gaylor
Bought by
Zillman Lercy Bernarda

Purchase Details

Closed on
Feb 1, 2018
Sold by
Duarte Jeannette L
Bought by
Zillman Lercy Bernarda

Purchase Details

Closed on
Nov 3, 1995
Sold by
Duarte Jeannette L
Bought by
Duarte Jeannette L
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
Moorehoward Investments Llc $345,000 Corinthian Title
Moorehoward Investments Llc $345,000 Corinthian Title
Zillman Lercy Bernarda -- Ticor Title San Diego Branch
Zillman Lercy Bernarda $90,000 Ticor Title San Diego Branch
Duarte Jeannette L -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2022 01/14/22 Sold $345,000 -10.4% $545 / Sq Ft
12/31/2021 12/31/21 Pending -- -- --
11/24/2021 11/24/21 For Sale $385,000 0.0% $608 / Sq Ft
11/06/2021 11/06/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $385,000 -- $608 / Sq Ft
Source: San Diego MLS

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 $3,776 $366,115 $259,995 $106,120
2024 $3,776 $358,938 $254,898 $104,040
2023 $3,684 $351,900 $249,900 $102,000
2022 $1,043 $96,496 $85,775 $10,721
2021 $1,016 $94,605 $84,094 $10,511
2020 $1,020 $93,636 $83,232 $10,404
2019 $1,001 $91,800 $81,600 $10,200
2018 $282 $23,395 $23,395 $0
2017 $277 $22,937 $22,937 $0
2016 $271 $22,488 $22,488 $0
2015 $268 $22,151 $22,151 $0
2014 $263 $21,718 $21,718 $0
Source: Public Records

Agents Affiliated with this Home

  • Todd Romano

    Seller's Agent in 2022

    Todd Romano

    Century 21 Affiliated

    (619) 654-3318

    112 Total Sales

    Todd Romano
    Section Image
  • Alexander Mickle

    Buyer's Agent in 2022

    Alexander Mickle

    Urban West Ventures

    (619) 307-3782

    4 Total Sales

    Alexander Mickle
    Section Image
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Map

Source: San Diego MLS

MLS Number: 210028697

San Diego MLS

APN: 102-420-22

California San Diego County Fallbrook 92028

2041 Rainbow Valley Blvd, Fallbrook, CA

This home is located at 2041 Rainbow Valley Blvd, Fallbrook, CA 92028 since 13 October 2021 and is currently estimated at $544,132, approximately $859 per square foot. This property was built in 1921. 2041 Rainbow Valley Blvd is a home located in San Diego County with nearby schools including Vallecitos Elementary School and Fallbrook High School.

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