5589 Rainbow Creek Rd Fallbrook, CA 92028
Estimated payment $2,902/month
Highlights
- Horse Property Unimproved
- 11.76 Acre Lot
- Private Yard
- Panoramic View
- Corner Lot
- No HOA
About This Lot
Check out this dream property sitting on nearly 12-acres in Rainbow of Fallbrook. Property has electric and water. This property has panoramic views and is located just below the iconic white cross posted on top of the adjacent mountain. This land is ultra-private with two entrances featuring an existing RV that the seller might sell with the land but does include the covered parking structure. Current owner has set up multiple pads, primed for the construction of a garage, outbuilding, or a custom home. The land is ready for immediate use, it eagerly awaits a new owner to bring their dreams to life in the heart of Fallbrook’s serene landscape of Rainbow.
Listing Agent
Balboa Real Estate, Inc Brokerage Phone: 310-663-1177 License #01982858 Listed on: 08/21/2024
Co-Listing Agent
Balboa Real Estate, Inc. Brokerage Phone: 310-663-1177 License #01922627
Property Details
Property Type
- Land
Lot Details
- 11.76 Acre Lot
- Rural Setting
- Corner Lot
- Level Lot
- Private Yard
- Property is zoned A70
Property Views
- Panoramic
- Woods
- Views of a landmark
- Orchard Views
- Mountain
- Hills
- Valley
- Rock
Additional Features
- Agricultural
- Horse Property Unimproved
- Standard Electricity
Community Details
- No Home Owners Association
- Fallbrook Subdivision
Listing and Financial Details
- Tax Tract Number 8030
- Assessor Parcel Number 1093104700
- $379 per year additional tax assessments
Map
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 | $4,281 | $371,422 | $360,810 | $10,612 |
| 2024 | $4,281 | $364,140 | $353,736 | $10,404 |
| 2023 | $4,191 | $357,000 | $346,800 | $10,200 |
| 2022 | $1,317 | $87,025 | $87,025 | $0 |
| 2021 | $1,293 | $85,319 | $85,319 | $0 |
| 2020 | $1,295 | $84,445 | $84,445 | $0 |
| 2019 | $1,272 | $82,790 | $82,790 | $0 |
| 2018 | $1,250 | $81,167 | $81,167 | $0 |
| 2017 | $1,233 | $79,576 | $79,576 | $0 |
| 2016 | $1,215 | $78,016 | $78,016 | $0 |
| 2015 | $1,202 | $76,845 | $76,845 | $0 |
| 2014 | $1,184 | $75,340 | $75,340 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/02/2026 01/02/26 | For Sale | $490,000 | 0.0% | -- | |
| 12/30/2025 12/30/25 | Off Market | $490,000 | -- | -- | |
| 09/03/2025 09/03/25 | Price Changed | $490,000 | -1.8% | -- | |
| 11/13/2024 11/13/24 | Price Changed | $499,000 | -0.2% | -- | |
| 09/26/2024 09/26/24 | Price Changed | $500,000 | +0.2% | -- | |
| 09/05/2024 09/05/24 | Price Changed | $499,000 | -0.2% | -- | |
| 08/21/2024 08/21/24 | For Sale | $500,000 | +42.9% | -- | |
| 03/01/2022 03/01/22 | Sold | $350,000 | -16.7% | -- | View Prior Sale |
| 07/23/2021 07/23/21 | For Sale | $420,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $75,000 | Stewart Title Company | |
| Interfamily Deed Transfer | -- | Stewart Title Of California | |
| Grant Deed | -- | First American Title | |
| Grant Deed | -- | Fidelity National Title Ins | |
| Grant Deed | -- | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $150,000 | Seller Take Back |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24173449
APN: 109-310-47
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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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