Seller's Agent in 2023
Debra Osborne
SoCal Coastal Realty Group
(949) 257-8354
13 Total Sales
5450 Rainbow Heights Rd Fallbrook, CA 92028
Estimated Value: $898,000 - $1,040,000
4
Beds
3
Baths
2,117
Sq Ft
$465/Sq Ft
Est. Value
Highlights
- View of Trees or Woods
- Bonus Room
- Walk-In Closet
- Wooded Lot
- No HOA
- Laundry Room
About This Home
As of October 2023So many options with this tastefully remodeled property on just over 3/4 of an acre! Boasting 4 bedrooms w/ an optional 5th bedroom and 3 full bathrooms. The lower level has a separate entrance, kitchenette, 2 large rooms and a bathroom and can be used so many ways, such as a mother-in-law quarters, multigenerational space, bonus room, craft room, play/game room, man cave, family room or get creative! Upstairs is the main living space featuring an open floor plan starting in the living room w/ new custom built-in bookshelves on either side of the fireplace opening to a gorgeous kitchen w/ beautiful cabinets, custom backsplash, quartz counters, a large island, and stainless steel appliances. The adjoining dining room looks out onto a new custom-built 20' x 20' composite deck with tension cables and built-in floor lights with access from 3 different sets of stairs! You'll enjoy relaxing, entertaining, or drinking your morning coffee on this deck. It's a great way to start and end your day! Just down the hall off the main living area, you'll find 3 bedrooms and 2 bathrooms. You'll love the large primary bedroom and walk-in closet, but wait until you enter the en suite bath through a stylish barn door to enjoy an oversized shower and dual sinks. The following is new or newer in the last 6 - 24 months: faux wood blinds throughout, deck, flooring, dual-pane windows, roof, plumbing, electrical & lighting fixtures, ceiling fans, HVAC, electrical panel, and whole house generator. Step outside and be amazed at how much space you have on this just over 3/4 acre lot where you can build a pool, raise some animals, build a shop, ADU, or pole barn, or use for RV parking. The detached 2-car garage has a custom automatic garage door and extra storage overhead and there is ample parking in the two paved driveways. Living here offers residents a suburban rural mix feel in this unincorporated area of Fallbrook known as Rainbow.
Last Agent to Sell the Property
SoCal Coastal Realty Group License #01176927 Listed on: 08/14/2023
Home Details
Home Type
- Single Family
Year Built
- Built in 1984
Lot Details
- 34,848 Sq Ft Lot
- Rural Setting
- Level Lot
- Wooded Lot
- Property is zoned A70
Parking
- 2 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,117 Sq Ft Home
- 2-Story Property
- Entryway
- Living Room with Fireplace
- Bonus Room
- Views of Woods
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Walk-In Closet
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Central Heating and Cooling System
- Septic Type Unknown
Community Details
- No Home Owners Association
- Fallbrook Subdivision
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 880
- Assessor Parcel Number 1026301400
- $43 per year additional tax assessments
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
Closed on
Sep 13, 2025
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Aug 14, 2023
Closed on
Oct 14, 2023
Sold by
Bought by
Seller's Agent
Debra Osborne
SoCal Coastal Realty Group
Buyer's Agent
Patricia Villanueva
eXp Realty of Southern CA
List Price
$948,000
Sold Price
$943,000
Premium/Discount to List
-$5,000
-0.53%
Views
119
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.60%
Original Mortgage
$573,000
Interest Rate
7.18%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 14, 2023
Closed on
Sep 27, 2023
Sold by
Bought by
Seller's Agent
Debra Osborne
SoCal Coastal Realty Group
Buyer's Agent
Patricia Villanueva
eXp Realty of Southern CA
List Price
$948,000
Sold Price
$943,000
Premium/Discount to List
-$5,000
-0.53%
Views
119
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,000
Interest Rate
7.18%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 1, 2021
Closed on
Jul 28, 2021
Sold by
Bought by
Seller's Agent
Louie Zember
Zember Realty Group
Buyer's Agent
Debra Osborne
SoCal Coastal Realty Group
List Price
$749,900
Sold Price
$775,000
Premium/Discount to List
$25,100
3.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%
Original Mortgage
$775,000
Interest Rate
2.8%
Mortgage Type
VA
Purchase Details
Listed on
Jan 4, 2021
Closed on
Feb 5, 2021
Sold by
Bought by
Seller's Agent
Donna Shanahan
Coldwell Banker Village Properties
Buyer's Agent
Louie Zember
Zember Realty Group
List Price
$450,000
Sold Price
$472,500
Premium/Discount to List
$22,500
5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
158.98%
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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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | Wfg National Title Company | ||
| $943,000 | Wfg National Title Company | ||
| $775,000 | Ticor Title Sd Branch | ||
| $472,500 | Ticor Title |
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 |
|---|---|---|---|
| Previous Owner | $573,000 | ||
| Previous Owner | $775,000 |
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 |
|---|---|---|---|---|---|
| 10/16/2023 10/16/23 | Sold | $943,000 | -0.5% | $445 / Sq Ft | |
| 09/24/2023 09/24/23 | Pending | -- | -- | -- | |
| 08/14/2023 08/14/23 | For Sale | $948,000 | +22.3% | $448 / Sq Ft | |
| 08/27/2021 08/27/21 | Sold | $775,000 | +4.0% | $366 / Sq Ft | View Prior Sale |
| 07/23/2021 07/23/21 | Pending | -- | -- | -- | |
| 07/13/2021 07/13/21 | Price Changed | $744,900 | -0.7% | $352 / Sq Ft | |
| 07/12/2021 07/12/21 | For Sale | $749,900 | +7.1% | $354 / Sq Ft | |
| 07/09/2021 07/09/21 | Pending | -- | -- | -- | |
| 07/01/2021 07/01/21 | For Sale | $699,900 | +48.1% | $331 / Sq Ft | |
| 02/18/2021 02/18/21 | Sold | $472,500 | +5.0% | $223 / Sq Ft | View Prior Sale |
| 01/16/2021 01/16/21 | Pending | -- | -- | -- | |
| 01/04/2021 01/04/21 | For Sale | $450,000 | -- | $213 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $9,848 | $961,859 | $627,115 | $334,744 |
| 2024 | $9,848 | $943,000 | $614,819 | $328,181 |
| 2023 | $8,150 | $790,499 | $515,391 | $275,108 |
| 2022 | $8,034 | $775,000 | $505,286 | $269,714 |
| 2021 | $1,072 | $99,632 | $23,242 | $76,390 |
| 2020 | $1,003 | $98,611 | $23,004 | $75,607 |
| 2019 | $983 | $96,678 | $22,553 | $74,125 |
| 2018 | $966 | $94,783 | $22,111 | $72,672 |
| 2017 | $930 | $92,926 | $21,678 | $71,248 |
| 2016 | $921 | $91,104 | $21,253 | $69,851 |
| 2015 | $906 | $89,736 | $20,934 | $68,802 |
| 2014 | $886 | $87,979 | $20,524 | $67,455 |
Source: Public Records
Agents Affiliated with this Home
-
Debra Osborne
-
Patricia Villanueva
Buyer's Agent in 2023
Patricia Villanueva
eXp Realty of Southern CA
(760) 521-8398
85 Total Sales
-
Eddie Lagunas
Buyer Co-Listing Agent in 2023
Eddie Lagunas
eXp Realty of Southern CA
(760) 521-4880
28 Total Sales
-
L
Seller's Agent in 2021
Louie Zember
Zember Realty Group
-
Donna Shanahan
Seller's Agent in 2021
Donna Shanahan
Coldwell Banker Village Properties
(760) 522-7112
20 Total Sales
-
F
Seller Co-Listing Agent in 2021
Faith Zember
Zember Realty Group
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23150891
APN: 102-630-14
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.
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
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