NOT LISTED FOR SALE

39011 Rainbow Peaks Trail Rainbow, CA 92028

Estimated Value: $243,903

6 Acres
$40,650 Price per Acre
261,360 Sq Ft Lot

Last Sold June 30, 2021

Last sale price $200,000

Est. 22% increase in value since last sale

Current estimated payment $1,494/month

180 Days on Market

Highlights

  • Panoramic View
  • No HOA
  • Steep Slope
  • 6 Acre Lot
  • Fenced

About This Lot

As of June 2021

Ridgetop in the highlands area of Rainbow. This 6-acre property crowns its summit with magnificent views of the mountains and westward toward the coast. Recently paved access road, electric service and water meter installed, plus a producing well near the prospective home site with holding tank and pump. Former avocado grove with irrigation lines still in place. Design your estate home with commanding views over Fallbrook to the west and east to the snowcapped mountains. The property slopes down to a gentle valley floor area near the east boundary with potential for a greenhouse operation, horses or other animals (SD County “L” animal designator), and there’s already a shipping container located in this portion of the property for storing equipment. Potential 3 phase power near the east boundary line in the valley to power future wells. Paved access to this parcel via the 24-foot-wide road from Rainbow Heights Rd. (aka Rainbow Heights “Camp” Road). APN 109-310-82-00.

Last Agent to Sell the Property

Ralph Foster

Sunshine Properties RealEstate License #00856341 Listed on: 11/25/2020

Co-Listed By

Rodney Hughes

HomeSmart Realty West License #01944129

Last Buyer's Agent

Aditi Padhye

B & W Realty Inc. License #01495552

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,469

Lot Details

  • 6 Acre Lot
  • Rural Setting
  • Fenced
  • Steep Slope
  • Property is zoned A70

Property Views

  • Panoramic
  • Mountain

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1093108200

Property Details

Property Type

Land

Est. Annual Taxes

$2,469

Lot Details

0

Listing Details

  • Assessments: Yes
  • View: Yes
  • Water Body Name: Rainbow Water District
  • Well Report: No
  • Zoning: A70
  • Property Type: Land
  • Parcel Number: 1093108200
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 0.77

Exterior Features

  • View: Mountain(s), Panoramic
  • Fence: Yes

Utilities

  • Utilities: Electricity Connected
  • Electric: Electricity - On Property

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Gentle Sloping, Rocks, Steep Slope
  • Lot Size Sq Ft: 261360.00
  • Lot Size Acres: 6.0000

Multi Family

  • Lot Size Area: 6.0000 Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2020
Closed on
May 26, 2021
Sold by
Blanchard Jordan M and Blanchard Norma
Bought by
Stockdale Brett
Seller's Agent
Ralph Foster
Sunshine Properties RealEstate
Buyer's Agent
Aditi Padhye
B & W Realty Inc.
List Price
$259,000
Sold Price
$200,000
Premium/Discount to List
-$59,000
-22.78%
Current Estimated Value
$243,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,903
Avg. Annual Appreciation
4.90%
Original Mortgage
$138,750
Outstanding Balance
$111,906
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$132,860

Purchase Details

Closed on
May 30, 2006
Sold by
Rainbow Highlands Partnership
Bought by
Blanchard Jordan M and Blanchard Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
6.87%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Stockdale Brett $200,000 Fidelity Natl Ttl San Diego
Blanchard Jordan M $395,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stockdale Brett $138,750
Previous Owner Blanchard Jordan M $355,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $200,000 -22.8% --
05/24/2021 05/24/21 Pending -- -- --
11/25/2020 11/25/20 For Sale $259,000 -- --
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 $2,469 $216,485 $216,485 --
2024 $2,469 $212,241 $212,241 --
2023 $2,416 $208,080 $208,080 $0
2022 $2,393 $204,000 $204,000 $0
2021 $1,750 $145,000 $137,000 $8,000
2020 $1,661 $135,000 $128,000 $7,000
2019 $1,544 $125,000 $119,000 $6,000
2018 $1,430 $115,000 $110,000 $5,000
2017 $1,376 $110,000 $106,000 $4,000
2016 $1,267 $100,000 $97,000 $3,000
2015 $1,266 $100,000 $97,000 $3,000
2014 $1,841 $154,000 $150,000 $4,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2002965

California Regional Multiple Listing Service (CRMLS)

APN: 109-310-82