NOT LISTED FOR SALE

5532 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $646,738 - $707,000

3 Beds
3.5 Baths
2,000 Sq Ft
$338/Sq Ft Est. Value

Sale Details

Date Sold: May 3, 2024

Last sale price $650,000 $325 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,229 / mo

6 Days on Market

Highlights

  • Panoramic View
  • No HOA
  • Laundry Room
  • Private Yard
  • Living Room
  • Agricultural

About This Home

As of May 2024

Opportunity knocks with this two on one with panoramic views. Almost 2 full acres and fully fenced, there is plenty of room for your imagination. This fixer requires cash or a motivated 203k buyer – get a rehab loan and construct this home the way you want! This is a huge opportunity for someone to live in one home and rent out the other, alleviating some of the cost of ownership. The main home is two stories. The entrance features a generous living space with open concept kitchen, living room, dining area, and a half bath. Downstairs offers dual primary suites with attached bathrooms. Both levels offer incredible views. Balconies need full remodel, which should be covered through a rehab loan. Right next door is another two-story home. Enjoy the floor plan as-is or you could turn this into a 2 bedroom it’s up to you.

Last Agent to Sell the Property

Ron Brookshire

The Property Place Brokerage Email: ron@ronbrookshire.com License #01050798 Listed on: 03/27/2024

Last Buyer's Agent

Jesus Sanchez

Real Estate People License #01462093

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972

Lot Details

  • 1.98 Acre Lot
  • Rural Setting
  • Irregular Lot
  • Lot Sloped Down
  • Private Yard
  • Property is zoned AGRICULTURAL

Property Views

  • Panoramic
  • Mountain
  • Meadow

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room
  • Laundry Room

Kitchen

  • Gas and Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Additional Features

  • Agricultural
  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1026306200
  • $75 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1972

Lot Details

1.98 Acres

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: AGRICULTURAL
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1026306200
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2000.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 2
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 325.00
  • Room Type: Family Room, Laundry, Living Room

Exterior Features

  • View: Meadow, Mountain(s), Panoramic
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Appliances: Dishwasher, Gas & Electric Range, Refrigerator
  • Laundry Features: Individual Room

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Land Lease: No
  • Lot Features: Agricultural, Sloped Down, Lot Over 40000 Sqft, Irregular Lot, Yard
  • Lot Size Sq Ft: 86248.80
  • Lot Size Acres: 1.9800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1.9800 Acres
  • Number Of Units In Community: 2

Tax Info

  • Tax Tract Number: PM0402
  • TaxOtherAnnualAssessmentAmount: 75.46

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
Mar 27, 2024
Closed on
Apr 23, 2024
Sold by
Bought by
Seller's Agent
Ron Brookshire
The Property Place
Buyer's Agent
Jesus Sanchez
Real Estate People
List Price
$649,999
Sold Price
$650,000
Premium/Discount to List
$1
0.0%
Views
131
Current Estimated Value
$676,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,185
Avg. Annual Appreciation
1.93%

Purchase Details

Closed on
Feb 28, 2024
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2023
Sold by
Bought by

Purchase Details

Closed on
Jul 13, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2005
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
$410,650
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2004
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
$316,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 24, 2004
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
$316,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 2004
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
$316,000
Interest Rate
5.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
$650,000 Chicago Title
-- None Listed On Document
-- None Listed On Document
-- None Available
$513,500 New Century Title Company
-- California Title
$395,000 California Title Company
-- --
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 $410,650
Previous Owner $316,000
Closed $39,500
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
05/03/2024 05/03/24 Sold $650,000 0.0% $325 / Sq Ft
04/02/2024 04/02/24 Pending -- -- --
03/31/2024 03/31/24 For Sale $649,999 0.0% $325 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $649,999 -- $325 / 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 $6,961 $663,000 $489,600 $173,400
2024 $6,961 $662,242 $392,544 $269,698
2023 $6,979 $674,239 $374,322 $299,917
2022 $6,880 $661,020 $366,983 $294,037
2021 $5,685 $550,000 $303,000 $247,000
2020 $5,453 $520,000 $287,000 $233,000
2019 $5,245 $500,000 $276,000 $224,000
2018 $5,155 $490,000 $271,000 $219,000
2017 $4,732 $450,000 $249,000 $201,000
2016 $4,713 $450,000 $249,000 $201,000
2015 $4,500 $430,000 $238,000 $192,000
2014 $4,176 $400,000 $222,000 $178,000
Source: Public Records

Agents Affiliated with this Home

  • Ron Brookshire

    Seller's Agent in 2024

    Ron Brookshire

    The Property Place

    (619) 279-4258

    10 Total Sales

    Ron Brookshire
    Section Image
  • Jesus Sanchez

    Buyer's Agent in 2024

    Jesus Sanchez

    Real Estate People

    (760) 805-1037

    33 Total Sales

    Jesus Sanchez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2401702

California Regional Multiple Listing Service (CRMLS)

APN: 102-630-62

California San Diego County Fallbrook 92028

5532 Rainbow Heights Rd, Fallbrook, CA

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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