Seller's Agent in 2023
Ever Eternity
Pacific Sotheby's Int'l Realty
(858) 926-3060
290 Total Sales
482 Rainbow Crest Rd Fallbrook, CA 92028
Estimated Value: $1,667,522 - $1,773,000
6
Beds
6
Baths
5,666
Sq Ft
$303/Sq Ft
Est. Value
Highlights
- Ocean View
- Wine Cellar
- Solar Heated In Ground Pool
- Guest House
- Home Theater
- Sauna
About This Home
As of December 2023Gorgeous craftsman pool home on mountain top above the clouds w/ 360 panoramic views all the way to the ocean! Comprised of two adjacent 8+ acre parcels for a total of 16.77 acres (8.6 ac main lot, and 8.17 ac vacant lot w/ separately metered water & electric), this massive estate has a paid-in-full new Tesla solar system and is tucked into the private, secluded Rainbow community of Fallbrook surrounded by gorgeous views of the towering mountains, orchards & scenery. The attached vacant lot has an expansive flat area making it an excellent building site w/ its own separate water & electric utilities already to the lot, while the conjoining main lot includes a detached 1250 sqft 1 bed/1 bath guest house/ADU with a separate downstairs living area/office & kitchenette, in addition to the lavish 4000+ sqft main house. This one of a kind, stunning upgraded property is an entertainer's dream that feels like vacation with all the premium features & resort-style amenities you could want giving you every excuse to never leave. From the paid-in-full new Tesla solar system w/ a back-up battery & generator, to the zoned central heat/AC and surround sound audio throughout inside & out, no detail has been overlooked in this amazing oasis. Pull into the private gated driveway up to the main house with a tiled front porch entry, adobe-style fireplace and grand double-doors to soaring high vaulted beamed ceilings inside. The home's main level showcases beautiful Brazilian Cherry wood flooring, a full bed/bath, and a stunning gourmet kitchen w/ all the bells & whistles including refrigerated & warmed drawers, stainless steel & custom cabinet-covered appliances, granite counters & backsplash, a spacious center island, double convection oven, automatic faucet, breakfast counter and wraparound wet bar w/ wine cooler & additional cabinetry in the breakfast area that also boasts a two-way fireplace to the formal living room. Downstairs, the separate family room is the life of the party featuring a large lava rock wet bar & fireplace, built-in Category 5 surround sound media center, wine cellar w/ dual-zone Sub-Zero full-length wine fridge, remodeled full bathroom and a finished basement area w/ its own private entry that can be used as an additional bedroom. Sit back, relax & entertain in the home's sprawling backyard that truly feels like a high-end resort vacation that you never want to leave, highlighting a glass-enclosed full bar w/ seating, custom stone waterfall, sparkling blue pool, separate jetted spa, built-in BBQ, open & covered patios/terraces, exterior-access full pool bathroom, and a built-in fire pit– all enjoyed with a jaw-dropping panoramic mountain view backdrop. On home's the top level, the primary suite features an en-suite bathroom w/ dual sinks & a beautiful granite shower, private deck access w/ a luxurious a sauna, and private rooftop patio access for the best views in the house! Every level of the home also boasts wraparound decks w/ upgraded wood panel ceilings offering breathtaking views from every angle and all the way out to the ocean on a clear day, with the guest house also including a spacious attached deck of its own. Throw in the free SD Broadband WiFi, paddleball court, storage building and workshop, the features in this home are endless and impossible to list...this house is a must-see!
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty License #01794748 Listed on: 05/30/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,886
Year Built
- Built in 1973 | Remodeled
Lot Details
- 16.77 Acre Lot
- Security Fence
- Wrought Iron Fence
- Electric Fence
- Landscaped
- Secluded Lot
- Private Yard
- Garden
- Back and Front Yard
- 1102901800
- Value in Land
- Property is zoned A-8
Property Views
- Ocean
- Panoramic
- Woods
- Canyon
- Pasture
- Orchard Views
- Mountain
- Hills
- Meadow
- Valley
- Park or Greenbelt
- Neighborhood
- Rock
Home Design
- Craftsman Architecture
- Additions or Alterations
- Flat Roof Shape
- Spanish Tile Roof
Interior Spaces
- 5,666 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Wet Bar
- Partially Furnished
- Dual Staircase
- Wired For Sound
- Wired For Data
- Built-In Features
- Bar
- Crown Molding
- Beamed Ceilings
- Tray Ceiling
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Two Way Fireplace
- See Through Fireplace
- Fireplace Features Masonry
- Double Pane Windows
- Tinted Windows
- Plantation Shutters
- French Mullion Window
- Stained Glass
- Casement Windows
- Window Screens
- Double Door Entry
- Sliding Doors
- Panel Doors
- Wine Cellar
- Family Room with Fireplace
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Dining Room with Fireplace
- Formal Dining Room
- Home Theater
- Den with Fireplace
- Library
- Loft
- Bonus Room
- Game Room
- Workshop
- Storage
- Utility Room
- Sauna
- Attic
- Finished Basement
Kitchen
- Eat-In Country Kitchen
- Kitchenette
- Updated Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Breakfast Bar
- Double Self-Cleaning Convection Oven
- Propane Oven
- Six Burner Stove
- Built-In Range
- Range Hood
- Warming Drawer
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Kitchen Island
- Granite Countertops
- Pots and Pans Drawers
- Disposal
- Instant Hot Water
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Converted Bedroom
- Walk-In Closet
- Dressing Area
- Mirrored Closets Doors
- Remodeled Bathroom
- Maid or Guest Quarters
- 6 Full Bathrooms
- Granite Bathroom Countertops
- Stone Bathroom Countertops
- Makeup or Vanity Space
- Dual Vanity Sinks in Primary Bathroom
- Bathtub with Shower
- Multiple Shower Heads
- Walk-in Shower
- Closet In Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Alarm System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 20 Open Parking Spaces
- 23 Parking Spaces
- 3 Carport Spaces
- Converted Garage
- Parking Available
- Combination Of Materials Used In The Driveway
- Automatic Gate
- Paved Parking
Pool
- Solar Heated In Ground Pool
- Above Ground Spa
- Waterfall Pool Feature
- Pool Heated With Propane
Outdoor Features
- Sport Court
- Living Room Balcony
- Wrap Around Porch
- Wood patio
- Fireplace in Patio
- Outdoor Fireplace
- Terrace
- Fire Pit
- Exterior Lighting
- Gazebo
- Shed
- Outbuilding
- Outdoor Grill
Additional Homes
- Two Homes on a Lot
- Guest House
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Zoned Heating and Cooling System
- Combination Of Heating Systems
- Heating System Uses Propane
- Baseboard Heating
- 220 Volts
- Propane
- Tankless Water Heater
- Water Purifier
- Satellite Dish
- Cable TV Not Available
Additional Features
- Solar Heating System
- Agricultural
Community Details
- No Home Owners Association
- Mountainous Community
- Valley
Listing and Financial Details
- Tax Tract Number 410596
- Assessor Parcel Number 1102901600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 30, 2023
Closed on
Nov 27, 2023
Sold by
Petty Family Trust
Bought by
Rainbow Crest Trust
Seller's Agent
Ever Eternity
Pacific Sotheby's Int'l Realty
Buyer's Agent
Nicholas Layana
Family Discount Realty
List Price
$2,250,000
Sold Price
$1,567,660
Premium/Discount to List
-$682,340
-30.33%
Views
234
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,883
Avg. Annual Appreciation
5.71%
Original Mortgage
$1,094,897
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 18, 2008
Sold by
Petty Linda J and Petty Rua M
Bought by
Petty Rua M and Petty Linda J
Purchase Details
Closed on
May 15, 2001
Sold by
Petty Rua M and Petty Linda J
Bought by
Petty Rua M and Petty Linda J
Purchase Details
Closed on
Apr 19, 2000
Sold by
Petty Rua M and Petty Linda J
Bought by
The Rua M Petty 1997 Revocable Trust
Purchase Details
Closed on
Feb 7, 1997
Sold by
Pablico Holm Maria R
Bought by
Petty Rua M and Petty Linda J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.12%
Purchase Details
Closed on
Oct 27, 1989
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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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rainbow Crest Trust | $1,568,000 | Lawyers Title Company | |
| Petty Rua M | -- | First American | |
| Petty Rua M | -- | First American Title | |
| Petty Linda J | -- | First American Title | |
| The Rua M Petty 1997 Revocable Trust | -- | -- | |
| The Linda J Petty 1997 Revocable Trust | -- | -- | |
| Petty Rua M | $330,000 | First American Title | |
| -- | $375,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rainbow Crest Trust | $1,103,700 | |
| Closed | Rainbow Crest Trust | $1,094,897 | |
| Previous Owner | Petty Rua M | $390,000 | |
| Previous Owner | Petty Rua M | $417,000 | |
| Previous Owner | Petty Linda J | $400,000 | |
| Previous Owner | Petty Rua M | $234,000 | |
| Previous Owner | Petty Linda J | $200,000 | |
| Previous Owner | Petty Rua M | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/26/2023 12/26/23 | Sold | $1,567,660 | -6.4% | $277 / Sq Ft |
| 11/01/2023 11/01/23 | Pending | -- | -- | -- |
| 09/20/2023 09/20/23 | Price Changed | $1,675,000 | -11.6% | $296 / Sq Ft |
| 08/17/2023 08/17/23 | Price Changed | $1,895,000 | -5.0% | $334 / Sq Ft |
| 06/27/2023 06/27/23 | Price Changed | $1,995,000 | -11.3% | $352 / Sq Ft |
| 05/30/2023 05/30/23 | For Sale | $2,250,000 | -- | $397 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,886 | $1,275,000 | $714,000 | $561,000 |
| 2024 | $13,886 | $1,250,000 | $700,000 | $550,000 |
| 2023 | $6,005 | $516,578 | $135,102 | $381,476 |
| 2022 | $5,946 | $506,450 | $132,453 | $373,997 |
| 2021 | $5,807 | $496,520 | $129,856 | $366,664 |
| 2020 | $5,818 | $491,430 | $128,525 | $362,905 |
| 2019 | $5,682 | $481,795 | $126,005 | $355,790 |
| 2018 | $5,556 | $472,349 | $123,535 | $348,814 |
| 2017 | $5,454 | $463,088 | $121,113 | $341,975 |
| 2016 | $5,349 | $454,009 | $118,739 | $335,270 |
| 2015 | $5,273 | $447,190 | $116,956 | $330,234 |
| 2014 | $5,168 | $438,431 | $114,665 | $323,766 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Nicholas Layana
Family Discount Realty
(714) 928-0817
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2302529
APN: 110-290-16
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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
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