NOT LISTED FOR SALE

4383 Rainbow Vista Dr Fallbrook, CA 92028

Estimated Value: $1,789,000 - $1,911,468

3 Beds
5 Baths
3,848 Sq Ft
$481/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $1,690,000 $439 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $11,168/month

12 Days on Market

Highlights

  • Horse Property
  • Main Floor Primary Bedroom
  • Home Office
  • Panoramic View
  • No HOA
  • Walk-In Pantry

About This Home

As of August 2021

Welcome to 4383 Rainbow Vista Drive, a custom built french country estate providing panoramic views with ultimate seclusion and privacy tucked away in hills of Fallbrook. This 2.9 acre parcel has ample flat usable land, sprawling mature avocado and lime grove, beautifully finished chicken coop complete with charming vintage windmill. The arched double entry front door leads to a formal sitting room and dining room framed by elegant smooth columns providing a timeless high end feel. Upon entry you cannot miss the picturesque view right out the huge wood framed casement style windows and brick detailed wood burning fireplace bringing the French country style you feel in love with outside inside. The kitchen is open to the family room and complete with huge center island with additional prep sink, striking pendant detailed backsplash, custom wood range hood, stainless steel appliances, granite countertops, travertine flooring, and deep walk in pantry. An additional dining space is right off the kitchen for casual meals and morning coffee. This home was designed with an ideal floor plan having all the bedrooms downstairs, each with a walk in closet and private sink vanity areas. The main floor master bedroom is spacious and complete with attached sitting area and en suite bathroom featuring a walk in tiled shower, deep jetted tub, walk in closet, and huge duel sink vanity with tons of extra counter space. Upstairs is a 600 SF bonus room with a bathroom making a perfect office, playroom or 4th bedroom. The backyard has a built in patio for you to enjoy the shade while soaking in your breathtaking view and sprawling lush mature landscaping. Stamped concrete pad provides the perfect look out point where you can even see the reflection of the ocean on a clear day. Outside has a bathroom for your convenience. The 3 car garage is oversized at 961 SF with built in cabinets. There is tons of space on the side yard to store multiple RVs and even has 50 amp hook up, water, and septic dump station. This property has hosted many weddings and special events. It would also make a great Airbnb being minutes from Temecula's wine country, golf courses and local casinos. Rainbow Vista Drives zoning allows horses and other farm animals all while being a quick jump onto the 15 freeway and into Temecula. You truly feel like you are in another world yet so close to all the city amenities. By making this estate your home it’s not just an address but new lifestyle you will gain!

Last Agent to Sell the Property

Katelin Wass

SimpliHOM License #01965378 Listed on: 07/06/2021

Last Buyer's Agent

Maryanne Phillips

Re/Max Coastal Homes License #01336094

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,993

Year Built

  • Built in 2009

Lot Details

  • 2.91 Acre Lot
  • Rural Setting
  • Landscaped
  • Front Yard
  • Property is zoned R1

Parking

  • 3 Car Attached Garage

Property Views

  • Panoramic
  • Canyon
  • Mountain
  • Hills
  • Valley

Interior Spaces

  • 3,848 Sq Ft Home
  • Wood Burning Fireplace
  • Fireplace Features Blower Fan
  • Formal Entry
  • Family Room with Fireplace
  • Home Office
  • Walk-In Pantry
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Utilities

  • Central Air
  • Conventional Septic

Additional Features

  • Horse Property
  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 1080320600

Community Details

Overview

  • No Home Owners Association
  • Foothills
  • Mountainous Community

Recreation

  • Horse Trails
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,993

Year Built

Built in 2009

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1080320600
  • Year Built: 2009
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3848.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • One Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Wood Burning, Blower Fan
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 439.19
  • Room Type: All Bedrooms Down, Family Room, Formal Entry, Kitchen, Laundry, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Office, Separate Family Room, Walk-In Closet, Walk-In Pantry

Exterior Features

  • View: Canyon, Hills, Mountain(s), Panoramic, Valley
  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Hiking, Horse Trails, Mountainous, Rural

Schools

  • School District: Fallbrook Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Agricultural - Tree/Orchard, Front Yard, Horse Property, Landscaped
  • Lot Size Sq Ft: 126760.00
  • Lot Size Acres: 2.9100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 126760.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 190.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2024
Sold by
Phillips John and Phillips Maryanne
Bought by
Phillips Family Trust and Phillips
Current Estimated Value
$1,850,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,065,000
Outstanding Balance
$2,064,536
Interest Rate
6.95%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
-$202,347

Purchase Details

Closed on
Dec 22, 2021
Sold by
Phillips Family Trust
Bought by
Phillips John and Phillips Maryanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 6, 2021
Closed on
Aug 19, 2021
Sold by
Phillips John and Phillips Maryanne
Bought by
Phillips John D and Phillips Maryanne
Seller's Agent
Katelin Wass
SimpliHOM
Buyer's Agent
Maryanne Phillips
Re/Max Coastal Homes
List Price
$1,690,000
Sold Price
$1,690,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.45%
Original Mortgage
$990,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 6, 2021
Closed on
Jul 31, 2021
Sold by
Wass Robert and Wass Iva
Bought by
Phillips John and Phillips Maryanne
Seller's Agent
Katelin Wass
SimpliHOM
Buyer's Agent
Maryanne Phillips
Re/Max Coastal Homes
List Price
$1,690,000
Sold Price
$1,690,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2008
Sold by
Smith Robert D and Smith Betty J
Bought by
Wass Robert and Wass Iva

Purchase Details

Closed on
Feb 14, 2007
Sold by
Smith Robert D and Smith Betty J
Bought by
Smith Robert D and Smith Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
7.43%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jul 14, 1980
Sold by
Smith Robert D and Smith Betty J
Bought by
Smith Robert D and Smith Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.91%
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
Phillips Family Trust -- Accommodation/Courtesy Recordi
Phillips John -- Fidelity National Title
Phillips Family Trust -- Fidelity National Title
Phillips John D -- Accommodation
Phillips John $1,690,000 Fidelity National Title
Wass Robert $349,000 Chicago Title Company
Smith Robert D -- Lenders Choice Title Company
Smith Robert D -- Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips John $2,065,000
Previous Owner Phillips Maryanne $237,475
Previous Owner Phillips Family Trust $5,000,000
Previous Owner Phillips John $990,000
Previous Owner Wass Robert $338,000
Previous Owner Wass Robert $417,000
Previous Owner Smith Robert D $875,000
Previous Owner Smith Robert D $100,000
Previous Owner Smith Robert D $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $1,690,000 0.0% $439 / Sq Ft
07/19/2021 07/19/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $1,690,000 -- $439 / 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 $12,993 $1,264,398 $590,473 $673,925
2024 $12,993 $1,239,607 $578,896 $660,711
2023 $12,679 $1,215,302 $567,546 $647,756
2022 $12,429 $1,191,473 $556,418 $635,055
2021 $10,053 $970,000 $121,000 $849,000
2020 $9,571 $910,000 $114,000 $796,000
2019 $9,050 $860,000 $108,000 $752,000
2018 $9,076 $860,000 $108,000 $752,000
2017 $8,862 $840,000 $106,000 $734,000
2016 $8,619 $820,000 $104,000 $716,000
2015 $8,404 $800,000 $102,000 $698,000
2014 $8,383 $800,000 $102,000 $698,000
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21138717

California Regional Multiple Listing Service (CRMLS)

APN: 108-032-06