NOT LISTED FOR SALE

482 Rainbow Crest Rd Fallbrook, CA 92028

Estimated Value: $1,141,000 - $1,658,000

6 Beds
6 Baths
5,666 Sq Ft
$269/Sq Ft Est. Value

Sale Details

Date Sold: December 26, 2023

Last sale price $1,567,660 $277 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $9,343 / mo

About This Home

Gorgeous 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!

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2023
Closed on
Nov 27, 2023
Sold by
Bought by
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
$1,521,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,747
Avg. Annual Appreciation
-1.18%
Original Mortgage
$1,094,897
Outstanding Balance
$1,072,373
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$449,540

Purchase Details

Closed on
Mar 18, 2008
Sold by
Bought by

Purchase Details

Closed on
May 15, 2001
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 2000
Sold by
Bought by

Purchase Details

Closed on
Feb 7, 1997
Sold by
Bought by

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,568,000 Lawyers Title Company
-- First American
-- First American Title
-- First American Title
-- --
-- --
$330,000 First American Title
$375,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,094,897
Previous Owner $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/26/2023 12/26/23 Sold $1,567,660 -6.4% $277 / Sq Ft View Prior Sale
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

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,041 $1,250,000 $700,000 $550,000
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

  • Section Image
  • Section Image
See All Agents

Map

Your Personal Tour Guide

Ask me questions while you tour the home.