Seller's Agent in 2024
Rebecca Monge
Compass
(619) 353-5828
71 Total Sales
5534 Rainbow Heights Rd Fallbrook, CA 92028
Estimated Value: $1,039,000 - $1,130,000
3
Beds
3
Baths
2,515
Sq Ft
$431/Sq Ft
Est. Value
Highlights
- Ocean View
- Bonus Room
- Home Office
- Primary Bedroom Suite
- No HOA
- Hiking Trails
About This Home
As of August 2024Welcome to your dream home, a paradise that feels like a perpetual vacation! This enchanting compound is connected by charming pathways, bridges, and breezeways, all nestled amidst quaint gardens and romantic seating areas with lush, mature landscaping and pontoon lighting. Enjoy outstanding, unobstructed forever views that showcase stunning sunsets and even a glimpse of the ocean on a clear day. Experience tranquility and privacy, while being a mere 5-minutes from the 1-15 Freeway, and approximately 15-minutes to Old Town Temecula or Downtown Fallbrook. The 2-bedroom, 2-bathroom main house exudes rustic charm with beamed ceilings, wood flooring, and a brick wood-burning fireplace. Updated throughout with fresh paint, newly installed 4-inch baseboards, solid wood interior doors, and sliding barn doors. The roomy eat-in kitchen boasts vaulted ceilings, custom cabinetry, an oversized Cherry woodblock island, quartz countertops, and stainless-steel appliances. Six skylights throughout make the home bright and airy with views from nearly every window. Step out the Dutch door to a covered path leading to a separate office or studio, and just steps away is an updated laundry room. A beautiful fenced and hedged terraced garden with rock walls, tile inlays, raised garden beds, and a chicken coop separates the main house from a detached 815 SF, 1-bedroom, 1-bathroom casita with a full-sized kitchen and bathroom. Above the casita is a 250 SF bonus room offering endless possibilities for a man cave, game room, and more. Two garage spaces and a large storage room or workshop provide ample space for parking and equipment. Enjoy the breathtaking views from multiple vantage points throughout the property, including the multi-level Trex deck, courtyard, gazebo, and two expansive decks off the main house. Numerous updates include a newer roof, new electric panel, tankless water heaters, updated deck railing, and more! This life-sized magical woodland is situated on a private road atop 2.56 acres with fruit trees including macadamia nut, apple, plum, lime, lemon, orange, apricot, kumquat, avocado, pomegranate, and blackberries.
Last Buyer's Agent
Jennifer Adam
Realty ONE Group Pacific License #02237157
Home Details
Home Type
- Single Family
Year Built
- Built in 1978
Lot Details
- 2.58 Acre Lot
- Rural Setting
- Density is 2-5 Units/Acre
- Property is zoned Agricultural
Parking
- 2 Car Garage
Property Views
- Ocean
- Panoramic
- Hills
- Valley
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,515 Sq Ft Home
- 1-Story Property
- Wood Burning Fireplace
- Living Room with Fireplace
- Home Office
- Bonus Room
- Laundry Room
Kitchen
- Gas Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Suite
Utilities
- Central Air
- No Heating
- Tankless Water Heater
Listing and Financial Details
- Tax Tract Number 4051
- Assessor Parcel Number 1026306700
Community Details
Overview
- No Home Owners Association
- Foothills
Recreation
- Hiking Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 3, 2024
Closed on
Aug 2, 2024
Sold by
Shaffer Peter V and Shaffer Jennifer N
Bought by
Adam Bret E and Adam Jennifer A
Seller's Agent
Rebecca Monge
Compass
Buyer's Agent
Jennifer Adam
Realty ONE Group Pacific
List Price
$1,089,000
Sold Price
$1,065,000
Premium/Discount to List
-$24,000
-2.2%
Views
77
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,109
Avg. Annual Appreciation
1.42%
Original Mortgage
$700,000
Outstanding Balance
$691,926
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$393,183
Purchase Details
Listed on
Jun 4, 2021
Closed on
Jun 30, 2021
Sold by
Lindkvist Robert and Lindkvist Rojane
Bought by
Shaffer Peter V and Shaffer Jennifer N
Seller's Agent
Carol Lageder
Pueblo Bonito
Buyer's Agent
Earl A Johnson
Earl Johnson, Broker
List Price
$699,900
Sold Price
$850,000
Premium/Discount to List
$150,100
21.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Original Mortgage
$350,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 19, 2016
Sold by
Lindkvist Robert and Lindkvist Rojane
Bought by
Lindkvist Family Trust
Purchase Details
Listed on
Feb 22, 2015
Closed on
Mar 20, 2015
Sold by
Hanks Mary C
Bought by
Lindkvist Rojane and Lindkvist Robert
Seller's Agent
Gina Dohlen
Dohlen Real Estate Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$450,000
Sold Price
$405,000
Premium/Discount to List
-$45,000
-10%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
Original Mortgage
$324,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 3, 2013
Closed on
Feb 27, 2014
Sold by
Deming Art and Deming Joann
Bought by
Hanks Mary C
Seller's Agent
Brett Bartlett
Community Realty, Inc.
Buyer's Agent
Fuentes & Fuentes
America Realty
List Price
$400,000
Sold Price
$400,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.10%
Original Mortgage
$300,000
Interest Rate
4.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 14, 1998
Sold by
Deming Arthur A and Deming Joann
Bought by
Deming Art and Deming Joann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
7.07%
Purchase Details
Closed on
Feb 18, 1998
Sold by
Reed Family Trust 12-07-94 and Calvin
Bought by
Deming Arthur A and Deming Joann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
7.07%
Purchase Details
Closed on
Dec 7, 1994
Sold by
Reed Calvin and Reed Shirley Dene
Bought by
Reed Calvin and Reed Shirley Dene
Purchase Details
Closed on
Jun 15, 1984
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Adam Bret E | $1,065,000 | Ticor Title | |
| Shaffer Peter V | $850,000 | California Title Company | |
| Lindkvist Family Trust | -- | None Available | |
| Lindkvist Rojane | $405,000 | Lawyers Title | |
| Hanks Mary C | $400,000 | Ticor Title | |
| Deming Art | -- | -- | |
| Deming Arthur A | $192,000 | Chicago Title | |
| Reed Calvin | -- | -- | |
| -- | $118,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Adam Bret E | $700,000 | |
| Previous Owner | Shaffer Peter V | $350,000 | |
| Previous Owner | Lindkvist Rojane | $324,000 | |
| Previous Owner | Hanks Mary C | $300,000 | |
| Previous Owner | Deming Arthur A | $142,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $1,065,000 | -2.2% | $423 / Sq Ft | |
| 07/03/2024 07/03/24 | For Sale | $1,089,000 | +28.1% | $433 / Sq Ft | |
| 07/12/2021 07/12/21 | Sold | $850,000 | +21.4% | $546 / Sq Ft | View Prior Sale |
| 06/10/2021 06/10/21 | Pending | -- | -- | -- | |
| 06/04/2021 06/04/21 | For Sale | $699,900 | +72.8% | $450 / Sq Ft | |
| 04/20/2015 04/20/15 | Sold | $405,000 | -5.8% | $226 / Sq Ft | View Prior Sale |
| 03/15/2015 03/15/15 | Pending | -- | -- | -- | |
| 03/11/2015 03/11/15 | Price Changed | $430,000 | -4.4% | $239 / Sq Ft | |
| 02/22/2015 02/22/15 | For Sale | $450,000 | +12.5% | $251 / Sq Ft | |
| 02/28/2014 02/28/14 | Sold | $400,000 | 0.0% | $223 / Sq Ft | View Prior Sale |
| 01/21/2014 01/21/14 | Pending | -- | -- | -- | |
| 10/03/2013 10/03/13 | For Sale | $400,000 | -- | $223 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,227 | $1,065,000 | $680,000 | $385,000 |
| 2024 | $9,227 | $884,340 | $520,200 | $364,140 |
| 2023 | $9,001 | $867,000 | $510,000 | $357,000 |
| 2022 | $8,874 | $850,000 | $500,000 | $350,000 |
| 2021 | $4,667 | $449,675 | $213,596 | $236,079 |
| 2020 | $4,686 | $445,065 | $211,406 | $233,659 |
| 2019 | $4,596 | $436,339 | $207,261 | $229,078 |
| 2018 | $4,519 | $427,785 | $203,198 | $224,587 |
| 2017 | $4,429 | $419,398 | $199,214 | $220,184 |
| 2016 | $4,398 | $411,175 | $195,308 | $215,867 |
| 2015 | $4,362 | $407,991 | $193,796 | $214,195 |
| 2014 | $1,066 | $93,350 | $21,975 | $71,375 |
Source: Public Records
Agents Affiliated with this Home
-
Rebecca Monge
-
Alysha Tanksley
Seller Co-Listing Agent in 2024
Alysha Tanksley
Compass
(760) 520-3159
78 Total Sales
-
J
Buyer's Agent in 2024
Jennifer Adam
Realty ONE Group Pacific
-
C
Seller's Agent in 2021
Carol Lageder
Pueblo Bonito
-
E
Buyer's Agent in 2021
Earl A Johnson
Earl Johnson, Broker
-
T
Buyer Co-Listing Agent in 2021
Theresa Mai
RHM
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2405860
APN: 102-630-67
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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