NOT LISTED FOR SALE

2824 Rainbow Valley Blvd Fallbrook, CA 92028

Estimated Value: $1,100,715 - $1,145,000

4 Beds
3 Baths
2,640 Sq Ft
$425/Sq Ft Est. Value

Last Sold April 27, 2022

Last sale price $900,000 $341 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,685/month

Highlights

  • Private Pool
  • Main Floor Bedroom
  • 3 Car Attached Garage
  • Mountain View
  • No HOA
  • Laundry Room

About This Home

As of April 2022

No CC&Rs Duplex 2br + Guest House + Ranch House, ON 2.24 acres - Each on separate gas and electrical meters. Massive Tropical pool, Cabana & pool Slides, and jacuzzi.. Very high potential for a profitable Airbnb. This is a must-see project. Duplex needs minor drywall and paintThe ranch house needs wood repairs. Structurally sound. Zoned agricultural and farm animals. Stepping outside you enjoy the rural country feel that is so loved about Fallbrook . Thousands of dollars were spent to the landscape over 2 acres that include tropical palm trees and hundreds of plants. The entire property is fenced and irrigated. Stepping away from the home is a spectacular freshwater pool, spa, and outdoor, covered, kitchen. An entertainer's dream! An enclosed aviary sits near the home for bird lovers to raise large birds if they like. Combining this incredible poolside oasis and the peaceful beauty of Fallbrook, this home will certainly not be on the market long. The second unit has its own separate mailing address and is metered separately for utilities. The main house boasts high ceilings, tiled floors as well as carpet, ceiling fans, and a huge fireplace to enjoy peaceful evenings in the living room. Mornings are enjoyed in the bright breakfast room adjacent to the kitchen. The second floor is exclusive to the Master Bedroom and en suite that includes a sunken jetted tub and walk-in closet. The sliding glass door steps onto a wrap-around balcony. Enjoy rural views from windows in all the rooms. Each unit has updated air conditioning units and a furnace.

Last Agent to Sell the Property

Sandra Porto

LPT Realty, Inc License #01165624 Listed on: 02/22/2022

LPT Realty, Inc

Co-Listed By

Dan Summers

NON-MEMBER/NBA or BTERM OFFICE License #01972669

Last Buyer's Agent

Sandra Porto

LPT Realty, Inc License #01165624 Listed on: 02/22/2022

LPT Realty, Inc

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1971

Lot Details

  • 2.24 Acre Lot
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 2,640 Sq Ft Home
  • Living Room with Fireplace
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • Private Pool

Utilities

  • Central Air
  • Septic Type Unknown

Community Details

  • No Home Owners Association
  • Fallbrook Subdivision
  • Foothills

Listing and Financial Details

  • Tax Lot 700
  • Tax Tract Number 102
  • Assessor Parcel Number 1027001900
  • $91 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1971

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Fallbrook
  • View: Yes
  • Zoning: A
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1027001900
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2640.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 340.91
  • Room Type: Main Floor Bedroom

Exterior Features

  • View: Mountain(s)
  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Septic Type Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 97574.00
  • Lot Size Acres: 2.2400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 97574.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 190.02
  • Tax Lot: 700
  • Tax Tract Number: 102
  • TaxOtherAnnualAssessmentAmount: 91.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2022
Sold by
Gutierrez Manuel and Gutierrez Greka S
Bought by
Gutierrez Family Trust
Current Estimated Value
$1,122,929

Purchase Details

Listed on
Mar 26, 2018
Closed on
Apr 18, 2018
Sold by
Conley Francis A
Bought by
Rowan Rondi A and Boyce Timberly L
Seller's Agent
Patrick Marelly
Compass
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%

Purchase Details

Listed on
Mar 26, 2018
Closed on
Apr 12, 2018
Sold by
Boyce Johnathan T
Bought by
Boyce Timberly L
Seller's Agent
Patrick Marelly
Compass
List Price
$625,000
Sold Price
$650,000
Premium/Discount to List
$25,000
4%

Purchase Details

Closed on
Dec 8, 2017
Sold by
Conley Alec and Conley Francis A
Bought by
Conley Francis A

Purchase Details

Closed on
May 15, 2000
Sold by
Smns Myers Jennifer J and Smns Haines L
Bought by
Conley Alec and Conley Mary N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
8.15%

Purchase Details

Closed on
Sep 21, 1989
Sold by
Myers Edward W and Myers Beverly J
Bought by
Myers Jennifer J

Purchase Details

Closed on
May 15, 1989
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gutierrez Family Trust -- --
Rowan Rondi A $650,000 First American Title
Boyce Timberly L -- First American Title
Rowan Rondi A -- First American Title
Conley Francis A -- None Available
Conley Alec $360,000 First American Title Co
Myers Jennifer J -- --
-- $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Conley Alec $215,000
Closed Conley Alec $109,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2022 04/27/22 Sold $900,000 -7.7% $341 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $975,000 +50.0% $369 / Sq Ft
05/03/2018 05/03/18 Sold $650,000 +4.0% $246 / Sq Ft View Prior Sale
04/02/2018 04/02/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $625,000 -- $237 / 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 $9,829 $955,087 $418,768 $536,319
2024 $9,829 $936,360 $410,557 $525,803
2023 $9,001 $861,000 $377,000 $484,000
2022 $7,343 $696,929 $305,576 $391,353
2021 $7,150 $683,265 $299,585 $383,680
2020 $7,181 $676,260 $296,514 $379,746
2019 $7,044 $663,000 $290,700 $372,300
2018 $5,198 $486,276 $108,057 $378,219
2017 $7,259 $476,742 $105,939 $370,803
2016 $7,140 $467,395 $103,862 $363,533
2015 $4,900 $460,375 $102,302 $358,073
2014 $4,794 $451,358 $100,299 $351,059
Source: Public Records

Agents Affiliated with this Home

  • Sandra Porto

    Seller's Agent in 2022

    Sandra Porto

    LPT Realty, Inc

    (951) 412-6492

    21 Total Sales

    Sandra Porto
    Section Image

  • D

    Seller Co-Listing Agent in 2022

    Dan Summers

    NON-MEMBER/NBA or BTERM OFFICE

    Section Image

  • P

    Seller's Agent in 2018

    Patrick Marelly

    Compass

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW22035059

California Regional Multiple Listing Service (CRMLS)

APN: 102-700-19

California San Diego County Fallbrook 92028

2824 Rainbow Valley Blvd, Fallbrook, CA

Not Listed for Sale

Detached

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