NOT LISTED FOR SALE

38474 Rainbow Peaks Rd Fallbrook, CA 92028

Estimated Value: $1,035,000 - $1,551,000

4 Beds
3.5 Baths
3,154 Sq Ft
$420/Sq Ft Est. Value

Last Sold July 09, 2018

Last sale price $900,000 $285 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $8,024/month

69 Days on Market

Highlights

  • Wine Cellar
  • Automatic Gate
  • 15.25 Acre Lot
  • Heated Lap Pool
  • Panoramic View
  • Maid or Guest Quarters

About This Home

As of July 2018

Designed by Architect Ira Johnson (AIA) and Landscape Architect John Vogley, this rare Spanish hacienda style estate, exudes charm from every room. Located in the peaceful, hidden gem of Rainbow, sits this spectacular 15.25 acre, two-parcel property, affectionately known as Casa De Tierra. (Parcel #'s: 109-232-18-00 and 109-232-19-00) 11.25-acre parcel with residence & adjoining 4.0-acre parcel with perc test and septic layout. Neighborhoods: Rainbow Heights Architectural Style: Monterey/Hacienda/Adobe View: Monterey/Hacienda/Adobe Complex Features: , Equipment: Dryer,Garage Door Opener,Pool/Spa/Equipment, Range/Oven, Satellite Dish, Vacuum/Central, Washer Other Fees: 0 Sewer: Septic Installed Topography: LL,,RSLP,GSL

Last Agent to Sell the Property

Tim Kirk

LPT Realty License #01941662 Listed on: 03/02/2018

Last Buyer's Agent

Kelly Zijlstra

Realty ONE Group Pacific License #01980252

Realty ONE Group Pacific

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,760

Year Built

  • Built in 1985

Lot Details

  • 15.25 Acre Lot
  • Partially Fenced Property
  • Drip System Landscaping
  • Manual Sprinklers System
  • Property is zoned A70

Parking

  • 15 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Driveway
  • Automatic Gate

Property Views

  • Panoramic
  • Mountain

Home Design

  • Adobe

Interior Spaces

  • 3,154 Sq Ft Home
  • 1-Story Property
  • Wine Cellar
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Bonus Room
  • Workshop

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Propane Dryer Hookup

Pool

  • Heated Lap Pool
  • Heated In Ground Pool
  • In Ground Spa
  • Pool Heated With Propane

Outdoor Features

  • Deck
  • Stone Porch or Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Propane Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1092321800

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,760

Year Built

Built in 1985

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Security: Automatic Gate
  • Subdivision Name Other: Rainbow Heights
  • View: Yes
  • Zoning: A70
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1092321800
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3154.00
  • Stories: 1
  • Flooring: Tile, Wood
  • Appliances: No
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Area, Dining Room
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: One
  • Price Per Square Foot: 285.35
  • Room Type: Main Floor Bedroom, Bonus Room, Family Room, Great Room, Guest/Maid's Quarters, Retreat, Main Floor Master Bedroom, Office, Wine Cellar, Workshop
  • Spa Features: In Ground

Exterior Features

  • Patio: Yes
  • View: Mountain(s), Panoramic
  • Fence: Yes
  • Fencing: Partial
  • Patio And Porch Features: Deck, Stone
  • Pool Features: Heated, In Ground, Lap, Private, Heated with Propane
  • Pool Private: Yes
  • Spa: Yes
  • Construction Materials: Adobe

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Gated, Uncovered, Driveway
  • Total Parking Spaces: 18.00
  • Uncovered Spaces: 15.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Propane Water Heater, Dishwasher, Disposal, Microwave, Refrigerator, Trash Compactor
  • Heating Type: Propane, Wood, Fireplace(s), Forced Air
  • Laundry Features: Electric Dryer Hookup, Propane Dryer Hookup, Individual Room

Lot Info

  • Lot Features: Sprinklers Drip System, Sprinklers Manual, Sprinkler System
  • Lot Size Acres: 15.2500

Multi Family

  • Lot Size Area: 15.2500 Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2018
Closed on
Jun 27, 2018
Sold by
Cheatham Robert T and Cheatham Scot Alan
Bought by
Rae Kelly and Haberman Pamela
Seller's Agent
Tim Kirk
LPT Realty
Buyer's Agent
Kelly Zijlstra
Realty ONE Group Pacific
List Price
$1,050,000
Sold Price
$900,000
Premium/Discount to List
-$150,000
-14.29%
Current Estimated Value
$1,326,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,010
Avg. Annual Appreciation
5.52%
Original Mortgage
$300,000
Outstanding Balance
$261,107
Interest Rate
4.6%
Mortgage Type
Unknown
Estimated Equity
$1,060,370

Purchase Details

Closed on
Jul 30, 2008
Sold by
Cheatham Robert T
Bought by
Cheatham Robert T

Purchase Details

Closed on
Sep 7, 2005
Sold by
Cheatham Robert T
Bought by
Hartford Charles W and Hartford Rebecca C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
5.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 15, 2003
Sold by
Danny D & Arthur D Danchuk Partnership
Bought by
Cheatham Robert T
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rae Kelly $600,000 Guardian Title Company
Cheatham Robert T -- None Available
Hartford Charles W $319,000 First American Title
Cheatham Robert T $1,100,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rae Kelly $300,000
Previous Owner Hartford Charles W $299,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2018 07/09/18 Sold $900,000 -14.3% $285 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $1,050,000 -- $333 / 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 $9,760 $892,410 $334,654 $557,756
2024 $9,760 $874,913 $328,093 $546,820
2023 $9,540 $857,759 $321,660 $536,099
2022 $9,442 $840,941 $315,353 $525,588
2021 $9,211 $824,453 $309,170 $515,283
2020 $9,229 $816,000 $306,000 $510,000
2019 $9,003 $800,000 $300,000 $500,000
2018 $6,639 $593,762 $264,891 $328,871
2017 $6,511 $582,121 $259,698 $322,423
2016 $6,304 $570,707 $254,606 $316,101
2015 $6,209 $562,135 $250,782 $311,353
2014 $6,077 $551,125 $245,870 $305,255
Source: Public Records

Agents Affiliated with this Home

  • Tim Kirk

    Seller's Agent in 2018

    Tim Kirk

    LPT Realty

    (760) 704-9252

    106 Total Sales

    Tim Kirk
    Section Image
  • Kelly Zijlstra

    Buyer's Agent in 2018

    Kelly Zijlstra

    Realty ONE Group Pacific

    (760) 522-7291

    17 Total Sales

    Kelly Zijlstra
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 180011185

California Regional Multiple Listing Service (CRMLS)

APN: 109-232-18

California San Diego County Fallbrook 92028

38474 Rainbow Peaks Rd, Fallbrook, CA

This home is located at 38474 Rainbow Peaks Rd, Fallbrook, CA 92028 since 02 March 2018 and is currently estimated at $1,326,010, approximately $420 per square foot. This property was built in 1985. 38474 Rainbow Peaks Rd 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

Nearby Homes