NOT LISTED FOR SALE

5542 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $627,000 - $816,395

2 Beds
1.5 Baths
1,412 Sq Ft
$511/Sq Ft Est. Value

Last Sold January 31, 2019

Last sale price $370,000 $262 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,274/month

6 Days on Market

Highlights

  • 5.04 Acre Lot
  • Laundry Room
  • Wood Siding
  • Cooling System Mounted To A Wall/Window
  • Partially Fenced Property
  • Heating System Uses Wood

About This Home

As of January 2019

Fixer on 5 acres with Gorgeous views, with potential for ocean views on clear days. Open floor plan. Well on property+3 tanks totaling 16,000 gallons. Just needs the right person to make it beautiful again! Neighborhoods: Rainbow Architectural Style: Craftsman/Bungalow View: Craftsman/Bungalow Equipment: Shed(s) Other Fees: 0 Sewer: Septic Installed Topography: GSL

Last Agent to Sell the Property

Samual Oberg

Century 21 Affiliated License #02016875 Listed on: 01/09/2019

Last Buyer's Agent

Margaret Irving

eXp Realty of California, Inc. License #01874914

eXp Realty of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,438

Year Built

  • Built in 1971

Lot Details

  • 5.04 Acre Lot
  • Partially Fenced Property
  • Property is zoned AGRICULTUR

Home Design

  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,412 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Wood

Listing and Financial Details

  • Assessor Parcel Number 1026302300

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,438

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Fallbrook
  • Zoning: AGRICULTUR
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1026302300
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1412.00
  • Stories: 1
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 262.04

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Electric Oven, Electric Range
  • Heating Type: Wood, Fireplace(s)
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Inside
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 219542.00
  • Lot Size Acres: 5.0400

Multi Family

  • Lot Size Area: 219542.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2019
Closed on
Jan 30, 2019
Sold by
Clow Hollys M and Clow Holly M
Bought by
Walker Justin P
Seller's Agent
Samual Oberg
Century 21 Affiliated
Buyer's Agent
Margaret Irving
eXp Realty of California, Inc.
List Price
$375,000
Sold Price
$370,000
Premium/Discount to List
-$5,000
-1.33%
Current Estimated Value
$722,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,099
Avg. Annual Appreciation
10.18%

Purchase Details

Closed on
Dec 8, 1997
Sold by
Decino Kenneth K
Bought by
Clow Holly W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.16%

Purchase Details

Closed on
Mar 28, 1996
Sold by
Mead George L and Mead Rudolph R
Bought by
Decino Kenneth K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,500
Interest Rate
8.01%
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
Walker Justin P $375,000 Corinthian Title Company
Clow Holly W $132,000 Landsafe Title
Decino Kenneth K $139,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clow Holly M $37,415
Previous Owner Clow Holly M $148,000
Previous Owner Clow Holly M $15,000
Previous Owner Clow Holly W $125,000
Previous Owner Decino Kenneth K $132,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2019 01/31/19 Sold $370,000 -1.3% $262 / Sq Ft
01/15/2019 01/15/19 Pending -- -- --
01/09/2019 01/09/19 For Sale $375,000 -- $266 / 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 $4,438 $418,315 $301,188 $117,127
2024 $4,438 $410,114 $295,283 $114,831
2023 $4,333 $402,074 $289,494 $112,580
2022 $4,274 $394,191 $283,818 $110,373
2021 $4,165 $386,462 $278,253 $108,209
2020 $4,183 $382,500 $275,400 $107,100
2019 $2,081 $188,927 $114,707 $74,220
2018 $2,047 $185,223 $112,458 $72,765
2017 $2,007 $181,592 $110,253 $71,339
2016 $3,823 $178,033 $108,092 $69,941
2015 $1,932 $175,360 $106,469 $68,891
2014 $1,892 $171,926 $104,384 $67,542
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Samual Oberg

    Century 21 Affiliated

    Section Image

  • M

    Buyer's Agent in 2019

    Margaret Irving

    eXp Realty of California, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 190001874

California Regional Multiple Listing Service (CRMLS)

APN: 102-630-23

California San Diego County Fallbrook 92028

5542 Rainbow Heights Rd, Fallbrook, CA

This home is located at 5542 Rainbow Heights Rd, Fallbrook, CA 92028 since 09 January 2019 and is currently estimated at $722,099, approximately $511 per square foot. This property was built in 1971. 5542 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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