$1,125,000
SOLD FEB 18, 2025

305 Rainbow Crest Rd Fallbrook, CA 92028

4 Beds
3 Baths
3,014 Sq Ft
10 Acres

Recently Sold

$373 Per Sq Ft

113 Days on Market

Highlights

  • Horse Property Unimproved
  • Primary Bedroom Suite
  • Mountain View
  • RV Access or Parking
  • 10 Acre Lot
  • Attic

About This Home

As of February 2025

Back on the Market! Don't let this one slip by! Welcome to your private 10 acre sanctuary nestled on top of Rainbow Crest with the most incredible views! This stunning 3,014 SQFT home offers 4 bedrooms and 3 bathrooms, with breathtaking forever views of the local Palomar mountain, hills and Pauma Valley. Perfect for entertaining, it features a 6-hole putting green, expansive entertainment patio with a fire pit, covered outdoor dining area, peaceful fountain, and panoramic vistas. Inside, the large gourmet kitchen boasts stainless steel appliances, granite countertops, a spacious island, and ample barstool seating, flowing into a bright family room and dining area with picture windows and patio access. The cozy living room, complete with a fireplace and patio doors, is perfect for cooler days. The master suite offers generous closet space and a luxurious stone-tiled bathroom with granite counters and a garden tub. Two guest bedrooms are conveniently located near the master, while a fourth bedroom downstairs is adjacent to a large gym area and the third bathroom near by creating what could be a private living space. Nestled on 10 acres, this property includes a 1-acre hybrid avocado grove, a professional basketball post and net, RV parking, and plenty of space for a pool or garage. This is a rare opportunity to own a true retreat with endless potential!

Last Agent to Sell the Property

Susannah Levicki

Capitis Real Estate Brokerage Phone: 9516912048 License #01921896 Listed on: 09/27/2024

Last Buyer's Agent

Devon Coleman

Capitis Real Estate License #02244424

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,280

Year Built

  • Built in 1992

Lot Details

  • 10 Acre Lot
  • Rural Setting
  • Landscaped
  • Back and Front Yard
  • Property is zoned A70

Property Views

  • Mountain
  • Hills
  • Valley

Home Design

  • Turnkey
  • Concrete Roof

Interior Spaces

  • 3,014 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Formal Dining Room
  • Home Office
  • Bonus Room
  • Game Room
  • Utility Room
  • Home Gym
  • Center Hall
  • Attic

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Propane Oven
  • Propane Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking
  • RV Access or Parking

Outdoor Features

  • Open Patio
  • Front Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Propane
  • Water Heater
  • Septic Type Unknown
  • Cable TV Available

Additional Features

  • Agricultural
  • Horse Property Unimproved

Listing and Financial Details

  • Assessor Parcel Number 1100212700
  • $535 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Fallbrook Subdivision

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,280

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Other Phone Description: 9516912048
  • Property Attached: No
  • Road Surface Type: Paved, Unpaved
  • Subdivision Name Other: Fallbrook
  • View: Yes
  • Zoning: A70
  • Architectural Style: Ranch
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1100212700
  • Year Built: 1992
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3014.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Granite Counters, High Ceilings, Pantry, Sunken Living Room
  • Stories: 1
  • Entry Location: Main
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Dining Ell, In Family Room, Separated
  • Entry Level: 1
  • Fireplace Features: Living Room, Wood Burning
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 373.26
  • Room Type: Attic, Bonus Room, Center Hall, Exercise Room, Family Room, Foyer, Game Room, Great Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite, Office, Separate Family Room, Utility Room, Walk-In Closet, Walk-In Pantry
  • Bathroom Features: Bathtub, Shower, Exhaust Fan(s), Granite Counters, Linen Closet/Storage, Separate Tub And Shower, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Hills, Mountain(s), Valley
  • Fence: No
  • Patio And Porch Features: Concrete, Patio, Patio Open, Front Porch
  • Pool Private: No
  • Roof: Concrete
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete, Paved, RV Access/Parking
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 20.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Propane, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Propane Oven, Propane Cooktop, Refrigerator, Trash Compactor, Water Heater
  • Heating Type: Central, Fireplace(s), Forced Air, Propane, Wood
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Septic Type Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Rural

Schools

  • School District: Fallbrook Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Agricultural - Tree/Orchard, Back Yard, Front Yard, Horse Property Unimproved, Landscaped
  • Lot Size Sq Ft: 435600.00
  • Lot Size Acres: 10.0000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10.0000 Acres
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 191.08
  • Tax Lot: 0000
  • Tax Tract Number: 00000
  • TaxOtherAnnualAssessmentAmount: 535.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2024
Closed on
Jan 29, 2025
Sold by
Rossi Family 2007 Trust and Rossi Joseph J
Bought by
Goodman Byron E and Goodman Karee B
Seller's Agent
Susannah Levicki
Capitis Real Estate
Buyer's Agent
Devon Coleman
Capitis Real Estate
List Price
$1,125,000
Sold Price
$1,125,000
Views
287
Current Estimated Value
$1,150,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,283
Avg. Annual Appreciation
6.97%

Purchase Details

Closed on
Aug 21, 2007
Sold by
Rossi Joseph and Rossi Denise L
Bought by
Rossi Joseph J and Rossi Denise L

Purchase Details

Closed on
Dec 11, 2000
Sold by
James Robert L and James Laurie D
Bought by
Rossi Joseph and Rossi Denise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,000
Interest Rate
7.81%

Purchase Details

Closed on
Dec 31, 1985
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,125,000 Fidelity National Title
Interfamily Deed Transfer -- First American
Individual Deed $417,500 First American Title
Deed $123,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $175,000 Unknown
Previous Owner $314,400 Credit Line Revolving
Previous Owner $277,300 Credit Line Revolving
Previous Owner $850,000 Credit Line Revolving
Previous Owner $600,000 Credit Line Revolving
Previous Owner $395,500 Unknown
Previous Owner $300,700 Unknown
Previous Owner $90,000 Unknown
Previous Owner $334,000 No Value Available
Closed $41,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2025 02/18/25 Sold $1,125,000 0.0% $373 / Sq Ft
01/18/2025 01/18/25 Pending -- -- --
01/07/2025 01/07/25 For Sale $1,125,000 0.0% $373 / Sq Ft
01/01/2025 01/01/25 Pending -- -- --
12/15/2024 12/15/24 For Sale $1,125,000 0.0% $373 / Sq Ft
11/03/2024 11/03/24 Pending -- -- --
09/27/2024 09/27/24 For Sale $1,125,000 -- $373 / 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
2024 $7,280 $629,379 $276,984 $352,395
2023 $7,123 $617,039 $271,553 $345,486
2022 $7,053 $604,941 $266,229 $338,712
2021 $6,887 $593,080 $261,009 $332,071
2020 $6,900 $587,000 $258,333 $328,667
2019 $6,737 $575,491 $253,268 $322,223
2018 $26,294 $564,207 $248,302 $315,905
2017 $6,465 $553,145 $243,434 $309,711
2016 $6,340 $542,300 $238,661 $303,639
2015 $6,249 $534,156 $235,077 $299,079
2014 $6,123 $523,694 $230,473 $293,221
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: ND24201584

California Regional Multiple Listing Service (CRMLS)

APN: 110-021-27