NOT LISTED FOR SALE

5464 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $1,387,470 - $1,618,000

3 Beds
3.5 Baths
2,955 Sq Ft
$500/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $1,100,000 $372 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $8,760/month

32 Days on Market

Highlights

  • Horse Property Unimproved
  • Panoramic View
  • Open Floorplan
  • RV Access or Parking
  • Custom Home
  • High Ceiling

About This Home

As of March 2021

VIEWS! VIEWS! VIEWS!
This custom home has everything you need for a weekend retreat or a full time home. It is situated 2 minutes from the 15 freeway and 10 minutes from shopping. The neutral paint, carpet and tile make it ideal for the designer who wants to make it their or enjoy this turnkey, clean home. This home was built using 2x6 construction with custom cabinets and self-closing drawers and cabinet doors. The guest rooms have their own bathrooms and walk in closets. This home has matching granite counter tops in the kitchen and all bathrooms, built in entertainment center and wine racks built into the large island. The kitchen, living room and dining room are open and are a great space for entertaining. The pantry is large and has plenty of storage for supplies and small appliances. The Master bedroom suite is separate from the guest rooms and has a sliding glass door to the patio, large walk in closet with bench and built in drawers and vanity area. This home has artificial turf in the front yard and an artificial turf putting green in the backyard. The 3 car garage has space for your toys and vehicles and even more room for all your tools! The grounds are a blank slate. There is no HOA so you can bring your horses or build a barn for your projects! There are producing lemon, tangerine, orange, pear, avocado, kumquat and lime trees on the property.

"Please follow all guidelines pertaining to Cov19 regulations”.

Last Agent to Sell the Property

Anjanette Ketterer

First Team Real Estate License #01864630 Listed on: 01/18/2021

First Team Real Estate

Last Buyer's Agent

Jennifer Wentz

Berkshire Hathaway HomeServices California Properties License #01947492

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • 2.06 Acre Lot
  • Property fronts a county road
  • Rural Setting
  • East Facing Home
  • Wrought Iron Fence
  • Chain Link Fence
  • Drip System Landscaping
  • Front Yard Sprinklers
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Attached Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener
  • Lot Has A Rolling Slope
  • Driveway Up Slope From Street
  • Gravel Driveway
  • RV Access or Parking

Property Views

  • Panoramic
  • Canyon
  • Mountain
  • Hills

Home Design

  • Custom Home
  • Contemporary Architecture
  • Turnkey
  • Planned Development
  • Slab Foundation
  • Fire Rated Drywall
  • Tile Roof
  • Clay Roof
  • Stucco

Interior Spaces

  • 2,955 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Insulated Windows
  • Blinds
  • Double Door Entry
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Home Office

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Self-Cleaning Convection Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers and Cabinet Doors

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • Mirrored Closets Doors
  • Granite Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Closed Circuit Camera
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Doors swing in
  • More Than Two Accessible Exits

Outdoor Features

  • Wrap Around Porch
  • Open Patio
  • Exterior Lighting
  • Shed
  • Rain Gutters

Schools

  • Fallbrook High School

Horse Facilities and Amenities

  • Horse Property Unimproved

Utilities

  • Whole House Fan
  • Central Heating and Cooling System
  • Propane
  • Tankless Water Heater
  • Water Softener
  • Conventional Septic
  • Satellite Dish

Community Details

  • No Home Owners Association
  • Fallbrook Subdivision
  • Foothills

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 13615
  • Assessor Parcel Number 1026307400

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Refrigerator, water softener system
  • Property Attached: No
  • Road Frontage Type: County Road
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Sprinkler System
  • Subdivision Name Other: Fallbrook
  • View: Yes
  • Zoning: A
  • Architectural Style: Contemporary, Custom Built
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1026307400
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2955.00 Square Feet
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Wired for Sound
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: 2+ Access Exits, Doors - Swing In
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Double Door Entry, Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 372.25
  • Room Type: All Bedrooms Down, Foyer, Kitchen, Laundry, Living Room, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Office, Walk-In Closet, Walk-In Pantry
  • Window Features: Blinds, Double Pane Windows, Insulated Windows
  • Bathroom Features: Bathtub, Closet In Bathroom, Double Sinks In Master Bath, Exhaust Fan(s), Granite Counters, Separate Tub And Shower, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Butler's Pantry, Granite Counters, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Self-Closing Cabinet Doors, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Slab
  • Other Structures: Shed(s)
  • Exterior Features: Lighting, Rain Gutters, Satellite Dish
  • View: Canyon, Hills, Mountain(s), Panoramic
  • Fence: Yes
  • Fencing: Chain Link, Wrought Iron
  • Patio And Porch Features: Concrete, Covered, Patio Open, Wrap Around
  • Pool Private: No
  • Roof: Clay, Tile
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Asphalt, Concrete, Gravel, Driveway Up Slope From Street, Garage - Two Door, Garage Door Opener, RV Access/Parking
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Propane, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Convection Oven, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Water Softener
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air, Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Foothills, Rural

Schools

  • High School: Fallbrook
  • High School2: FALLBR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Gentle Sloping, Horse Property Unimproved, Landscaped, Lawn, Rolling Slope, Sprinklers Drip System, Sprinklers In Front, Up Slope from Street
  • Lot Size Sq Ft: 89734.00
  • Lot Size Acres: 2.0600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 89734.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 190.02
  • Tax Lot: 2
  • Tax Tract Number: 13615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2021
Closed on
Feb 22, 2021
Sold by
Loizu Frank and Frank Loizu Living Trust
Bought by
Rodriguez Regugio and Rodriguez Kathryn
Seller's Agent
Anjanette Ketterer
First Team Real Estate
Buyer's Agent
Jennifer Wentz
Berkshire Hathaway HomeServices California Properties
List Price
$1,145,000
Sold Price
$1,100,000
Premium/Discount to List
-$45,000
-3.93%
Current Estimated Value
$1,477,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,618
Avg. Annual Appreciation
6.37%

Purchase Details

Closed on
Apr 27, 2018
Sold by
Loizu Frank
Bought by
Loizu Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.58%

Purchase Details

Closed on
Aug 30, 2006
Sold by
Smith Theresa A
Bought by
Loizu Frank

Purchase Details

Closed on
Aug 28, 2006
Sold by
Smith Christopher R
Bought by
Smith Theresa A

Purchase Details

Closed on
Jan 21, 2004
Sold by
Smith Christopher R and Smith Theresa
Bought by
Smith Theresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.86%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 26, 2002
Sold by
Smith Christopher R
Bought by
Smith Christopher R and Smith Theresa

Purchase Details

Closed on
Apr 20, 1995
Sold by
Spitzer Michael David and Spitzer Janice E
Bought by
Hart Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rodriguez Regugio $1,100,000 Priority Title
Loizu Frank -- --
Loizu Frank -- Lawyers Title San Diego
Smith Theresa A -- Lawyers Title San Diego
Smith Theresa A -- Southland Title
Smith Christopher R -- --
Hart Jean $195,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loizu Frank --
Previous Owner Smith Theresa A $333,700
Previous Owner Hart Jean $156,000
Closed Smith Theresa A $125,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2021 03/22/21 Sold $1,100,000 -3.9% $372 / Sq Ft
01/18/2021 01/18/21 For Sale $1,145,000 -- $387 / 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 $12,214 $1,190,674 $595,337 $595,337
2024 $12,214 $1,167,328 $583,664 $583,664
2023 $11,919 $1,144,440 $572,220 $572,220
2022 $11,752 $1,122,000 $561,000 $561,000
2021 $8,534 $818,635 $311,484 $507,151
2020 $8,572 $810,242 $308,291 $501,951
2019 $8,408 $794,356 $302,247 $492,109
2018 $8,268 $778,781 $296,321 $482,460
2017 $7,152 $673,000 $200,000 $473,000
2016 $1,798 $165,000 $165,000 $0
2015 $1,797 $165,000 $165,000 $0
2014 $1,793 $165,000 $165,000 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Anjanette Ketterer

    First Team Real Estate

    (951) 677-1800

    6 Total Sales

    Anjanette Ketterer
    Section Image
  • Jennifer Wentz

    Buyer's Agent in 2021

    Jennifer Wentz

    Berkshire Hathaway HomeServices California Properties

    (951) 301-5932

    123 Total Sales

    Jennifer Wentz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21011259

California Regional Multiple Listing Service (CRMLS)

APN: 102-630-74

California San Diego County Fallbrook 92028

5464 Rainbow Heights Rd, Fallbrook, CA

Not Listed for Sale

Detached

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