NOT LISTED FOR SALE

5589 Rainbow Creek Rd Fallbrook, CA 92028

Estimated Value: $378,476

11.76 Acres
$32,183 Price per Acre
512,266 Sq Ft Lot

Last Sold March 01, 2022

Last sale price $350,000

Est. 8% increase in value since last sale

Current estimated payment $2,340/month

199 Days on Market

Highlights

  • Horse Property
  • Mountain View
  • No HOA
  • 11.76 Acre Lot
  • Secluded Lot

About This Lot

As of March 2022

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.

Last Agent to Sell the Property

Emmett Dalton

Dalton Real Estate License #00959147 Listed on: 07/23/2021

Last Buyer's Agent

Rita Benedict

Coldwell Banker Realty License #00371425

Property Details

Property Type

  • Land

Lot Details

  • 11.76 Acre Lot
  • Rural Setting
  • Secluded Lot

Property Views

  • Mountain
  • Neighborhood

Listing and Financial Details

  • Tax Tract Number 8030
  • Assessor Parcel Number 1093104700

Community Details

Overview

  • No Home Owners Association
  • Fallbrook Subdivision

Recreation

  • Horse Property

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Subdivision Name Other: Fallbrook
  • View: Yes
  • Zoning: A
  • Property Type: Land
  • Parcel Number: 1093104700
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 0.68

Exterior Features

  • View: Mountain(s), Neighborhood

Utilities

  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Horse Property, Secluded
  • Lot Size Sq Ft: 512266.00
  • Lot Size Acres: 11.7600

Multi Family

  • Lot Size Area: 512266.0000 Square Feet

Tax Info

  • Tax Census Tract: 190.02
  • Tax Tract Number: 8030

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2018
Sold by
Hwy 74 Ltd
Bought by
Mckoy Christopher
Current Estimated Value
$378,476

Purchase Details

Closed on
Nov 7, 2016
Sold by
The Neffer Corporation
Bought by
Hwy 74 Ltd

Purchase Details

Closed on
Jul 24, 2012
Sold by
Mckoy Chris and Mckoy Brenda M
Bought by
The Neffer Corporation

Purchase Details

Closed on
Apr 21, 2004
Sold by
Pope Clyde F
Bought by
Mckoy Chris and Mckoy Brenda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.39%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Mckoy Christopher $75,000 Stewart Title Company
Mckoy Christopher -- Stewart Title Of California
Hwy 74 Ltd -- First American Title
The Neffer Corporation -- Fidelity National Title Ins
Mckoy Chris -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckoy Chris $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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% --
07/23/2021 07/23/21 For Sale $420,000 -- --
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 $4,281 $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
Source: Public Records

Agents Affiliated with this Home

  • Billy Long

    Seller's Agent in 2024

    Billy Long

    Balboa Real Estate, Inc

    (310) 663-1177

    113 Total Sales

    Billy Long
    Section Image
  • Heidi Cabrera

    Seller Co-Listing Agent in 2024

    Heidi Cabrera

    Balboa Real Estate, Inc.

    (949) 247-8811

    36 Total Sales

    Heidi Cabrera
    Section Image

  • E

    Seller's Agent in 2022

    Emmett Dalton

    Dalton Real Estate

    (805) 496-6132

    557 Total Sales

    Emmett Dalton
    Section Image

  • R

    Buyer's Agent in 2022

    Rita Benedict

    Coldwell Banker Realty

  • Evangelina Uriostegui

    Buyer's Agent in 2022

    Evangelina Uriostegui

    Sunshine Properties RealEstate

    (760) 728-8855

    49 Total Sales

    Evangelina Uriostegui
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21161165

California Regional Multiple Listing Service (CRMLS)

APN: 109-310-47

California San Diego County Fallbrook 92028

5589 Rainbow Creek Rd, Fallbrook, CA

Not Listed for Sale

Lots

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