NOT LISTED FOR SALE

5467 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $600,000 - $901,000

2 Beds
1 Bath
956 Sq Ft
$769/Sq Ft Est. Value

Last Sold March 07, 2017

Last sale price $425,000 $445 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,310/month

54 Days on Market

Highlights

  • Panoramic View
  • 2 Car Attached Garage
  • Carpet
  • No HOA
  • Central Heating and Cooling System

About This Home

As of March 2017

Wow! Million dollar views at less than half the cost! Perched atop a quiet hill, you can see all the way to the ocean. Secluded acreage with 2 additional building pads, and one additional septic system! Home is completely turnkey, with so much remodeled! New paint, new floors, new granite kitchen. This adorable home even has the little white picket fence! Spacious family room loaded with windows to take in the panoramic views, and is open to the dining room and remodeled kitchen. Master bedroom, bathroom, and guest room with french doors out to a serene deck with private built in spa overlooks the incredible land. 2 car garage, multiple fenced yards, fruit trees. Down below, 2 finished pads and extra septic system is ready for expansion! Home is completely turnkey. This property is truly unique. Opportunities like this seldom come on the market. Don't let it pass you by! Low tax rate and no HOA's. Located less than 5 minutes to the freeway for easy commutes. 10 minutes to the heart of Temecula.

Last Agent to Sell the Property

Goran Forss

Team Forss Realty Group License #01711806 Listed on: 11/17/2016

Co-Listed By

Matt Tibbetts

Team Forss Realty Group License #01911091

Last Buyer's Agent

NoEmail NoEmail

Src Non-mls License #0

Src Non-mls

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,091

Year Built

  • Built in 1955

Lot Details

  • 1.6 Acre Lot
  • Rural Setting
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 956 Sq Ft Home
  • Carpet
  • Panoramic Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Engineered Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 880
  • Assessor Parcel Number 1026302700

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,091

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: A
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1026302700
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 956.00 Square Feet
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 444.56
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Panoramic
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Sewer: Engineered Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Rural

Schools

  • School District: Fallbrook Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 69696.00

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Census Tract: 190.02
  • Tax Lot: 27
  • Tax Tract Number: 880

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2016
Closed on
Jan 10, 2017
Sold by
Macalusco Paul D and Macalusco Mary K
Bought by
Simon Eugene and Simon Carolyn M
Seller's Agent
Goran Forss
Team Forss Realty Group
Buyer's Agent
NoEmail NoEmail
Src Non-mls
List Price
$439,000
Sold Price
$425,000
Premium/Discount to List
-$14,000
-3.19%
Current Estimated Value
$735,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,256
Avg. Annual Appreciation
6.57%
Original Mortgage
$300,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2013
Sold by
Zagorodniy Dmitriy
Bought by
Macaluso Paul D and Macaluso Mary K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,434
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Listed on
Dec 15, 2012
Closed on
Jan 17, 2013
Sold by
Williams Morley and Williams Carolyn K
Bought by
Zagorodniy Dmitriy
Seller's Agent
Bill Arant
Weichert Realtors, Cmty R.E.
Buyer's Agent
Bill Arant
Weichert Realtors, Cmty R.E.
List Price
$259,900
Sold Price
$240,000
Premium/Discount to List
-$19,900
-7.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%
Original Mortgage
$235,653
Interest Rate
3.29%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 20, 2011
Sold by
Williams Morley and Williams Carolyn
Bought by
Williams Morley and Williams Carolyn K

Purchase Details

Closed on
Aug 5, 2009
Sold by
Fdic
Bought by
Williams Morley and Williams Carolyn

Purchase Details

Closed on
Apr 15, 2009
Sold by
Watte Tiffany and Watte Eugene
Bought by
Indymac Federal Bank Fsb

Purchase Details

Closed on
Dec 14, 2005
Sold by
Dunmire David L
Bought by
Watte Tiffany and Watte Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,200
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 22, 2005
Sold by
Dunmire Jim D and Dunmire John C
Bought by
Dunmire David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,200
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 2, 1999
Sold by
Dunmire Jim D
Bought by
Dunmire Jim L and Dunmire John C
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Simon Eugene $425,000 Fidelity National Title
Macaluso Paul D $327,500 First American Title Company
Zagorodniy Dmitriy $240,000 Fidelity National Title
Williams Morley -- None Available
Williams Morley $173,500 Chicago Title Company
Indymac Federal Bank Fsb $196,177 Fidelity Natl Title Ins Co
Watte Tiffany $454,000 Lawyers Title San Diego
Dunmire David L -- Lawyers Title San Diego
Dunmire Jim L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simon Eugene $300,000
Previous Owner Macaluso Paul D $298,434
Previous Owner Zagorodniy Dmitriy $235,653
Previous Owner Watte Tiffany $363,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/07/2017 03/07/17 Sold $425,000 -3.2% $445 / Sq Ft
01/10/2017 01/10/17 Pending -- -- --
11/17/2016 11/17/16 For Sale $439,000 +82.9% $459 / Sq Ft
02/19/2013 02/19/13 Sold $240,000 -7.7% $251 / Sq Ft View Prior Sale
01/11/2013 01/11/13 Pending -- -- --
12/15/2012 12/15/12 For Sale $259,900 -- $272 / 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 $5,091 $493,245 $319,160 $174,085
2024 $5,091 $483,574 $312,902 $170,672
2023 $4,968 $474,093 $306,767 $167,326
2022 $4,899 $464,798 $300,752 $164,046
2021 $4,770 $455,685 $294,855 $160,830
2020 $4,791 $451,013 $291,832 $159,181
2019 $4,699 $442,170 $286,110 $156,060
2018 $4,622 $433,500 $280,500 $153,000
2017 $930 $345,917 $245,026 $100,891
2016 $3,539 $339,135 $240,222 $98,913
2015 $3,483 $334,042 $236,614 $97,428
2014 $2,577 $241,088 $170,771 $70,317
Source: Public Records

Agents Affiliated with this Home

  • Goran Forss

    Seller's Agent in 2017

    Goran Forss

    Team Forss Realty Group

    (951) 302-1492

    1,270 Total Sales

    Goran Forss
    Section Image

  • M

    Seller Co-Listing Agent in 2017

    Matt Tibbetts

    Team Forss Realty Group

    (951) 289-3122

    88 Total Sales

    Matt Tibbetts
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    Src Non-mls

    (646) 541-2551

    5,954 Total Sales

    NoEmail NoEmail
    Section Image

  • B

    Seller's Agent in 2013

    Bill Arant

    Weichert Realtors, Cmty R.E.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16748928

California Regional Multiple Listing Service (CRMLS)

APN: 102-630-27

California San Diego County Fallbrook 92028

5467 Rainbow Heights Rd, Fallbrook, CA

This home is located at 5467 Rainbow Heights Rd, Fallbrook, CA 92028 since 17 November 2016 and is currently estimated at $735,256, approximately $769 per square foot. This property was built in 1955. 5467 Rainbow Heights Rd is a home located in San Diego County with nearby schools including Vallecitos Elementary School and Fallbrook High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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