NOT LISTED FOR SALE

5695 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $1,019,928 - $1,133,000

4 Beds
3 Baths
1,893 Sq Ft
$557/Sq Ft Est. Value

Last Sold March 13, 2023

Last sale price $940,000 $497 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,613/month

62 Days on Market

Highlights

  • Bluff on Lot
  • 2 Car Attached Garage
  • Mountainous Community
  • Property Near a Canyon
  • Living Room
  • 1-Story Property

About This Home

As of March 2023

Completely renovated to its utmost potential, 5695 Rainbow Heights Rd offers over 1.54 acres of modern living on the hillsides. Accommodating access to wineries, Old Highway 395, I-15 freeway, and just a 15 minute drive to Temecula. Exceptional updates include: New roof and separate meters on both main and guest house, new plumbing, new stucco, new switches and receptacles throughout. All bathrooms have been updated, all windows and sliding doors restored, along with a beautifully refined kitchen. Single level floorplan offers a spacious living room with a mounted fireplace that flows into an open kitchen. Ideal U-shaped kitchen with new SS appliances, deep sink, and extended island cooktop. Entertain family and friends in this interactive eat in kitchen. Multipurpose cabinetry offers generous storage. Hallway leads to 3 bedrooms and 2 baths. Updated bathrooms include designer hardware and backsplash. Glass sliding doors open to a private sanctuary with everlasting views. With a clear view the sunset and ocean. 600 sq ft Guest house comprised of 1 bed, 1 bath, living room, and kitchen. Flat grounds offer opportunity for agriculture and possible ADU. Guaranteed passive income and rental investment with main property and garage.

Last Agent to Sell the Property

Sonia Azizi

Compass License #01889023 Listed on: 11/11/2022

Compass

Co-Listed By

Zohra Azizi

Compass License #01992847

Last Buyer's Agent

Jason Brookes

Grand Avenue Realty & Lending License #01412977

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,029

Year Built

  • Built in 1968

Lot Details

  • 1.54 Acre Lot
  • Property Near a Canyon
  • Bluff on Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Shingle Roof

Interior Spaces

  • 1,893 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Separate Water Meter
  • Septic System

Community Details

  • Mountainous Community

Listing and Financial Details

  • Assessor Parcel Number 102-362-09-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,029

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: North County
  • Neighborhood: Fallbrook
  • Supplement: Single level floorplan offers a spacious living room with a mounted fireplace that flows into an open kitchen. Ideal U-shaped kitchen with new SS appliances, deep sink, and extended island cooktop. Entertain family and friends in this interactive eat in kitchen. Multipurpose cabinetry offers generous storage. Hallway leads to 3 bedrooms and 2 baths. Updated bathrooms include designer hardware and backsplash. Glass sliding doors open to a private sanctuary with everlasting views. With a clear view the sunset and ocean. 600 sq ft Guest house comprised of 1 bed, 1 bath, living room, and kitchen. Flat grounds offer opportunity for agriculture and possible ADU. Guaranteed passive income and rental investment with main property and garage.
  • LP / Sq Ft: 517.7
  • Price Per Sq Ft: 496.57
  • SP/ Sq Ft: 496.57
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment Available: Microwave
  • Searchable Rooms: Kitchen, Living Room, Master Bedroom
  • Total Bedrooms: 4
  • Bedrooms: 4
  • Master Bedroom Dimensions: 11X16
  • Full Bathrooms: 3
  • Estimated Sq Ft: 1893
  • Total Bathrooms: 3

Exterior Features

  • Exterior Material: Wood/Stucco
  • Roof: Shingle

Garage/Parking

  • Garage Details: Attached
  • Garage Spaces: 2
  • Non Garage Parking: Driveway
  • Garage Spaces: 5
  • Parking Spaces Total: 7

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Septic Installed
  • Water: Meter on Property
  • Heating: Forced Air Unit

Condo/Co-op/Association

  • Community: FALLBROOK

Lot Info

  • Lot Size: 1+ to 2 AC
  • Topography: Bluff/Canyon Rim, Canyon/Valley, Mountainous
  • Assessor Parcel Number: 102-362-09-00
  • Estimated Lot Sq Ft: 67082

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
Feb 20, 2023
Sold by
Zenoavision Inc
Bought by
Clemente Myles D and Clemente Michelle A
Seller's Agent
Sonia Azizi
Compass
Buyer's Agent
Jason Brookes
Grand Avenue Realty & Lending
List Price
$980,000
Sold Price
$940,000
Premium/Discount to List
-$40,000
-4.08%
Views
33
Current Estimated Value
$1,055,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,133
Avg. Annual Appreciation
4.25%
Original Mortgage
$510,000
Outstanding Balance
$494,563
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$544,999

Purchase Details

Closed on
Nov 26, 2000
Sold by
Nsns Niccola Allan and Nsns Claudia Nicolla
Bought by
Cole Cameron W and Cole Judith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 2, 1999
Sold by
Nsns Niccola Allan and Nsns Claudia Nicolla
Bought by
Niccola Allan A and Niccola Claudia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.75%
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
Clemente Myles D $940,000 Fidelity National Title
Cole Cameron W $320,000 First American Title
Niccola Allan A -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clemente Michelle $82,542
Open Clemente Myles D $510,000
Previous Owner Cole Cameron W $122,185
Previous Owner Cole Cameron W $146,613
Previous Owner Cole Cameron W $145,000
Previous Owner Cole Cameron W $122,000
Previous Owner Cole Cameron W $120,000
Previous Owner Niccola Allan A $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2023 03/13/23 Sold $940,000 -4.1% $497 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
11/11/2022 11/11/22 For Sale $980,000 +60.7% $518 / Sq Ft
06/13/2022 06/13/22 Sold $610,000 +5.2% $322 / Sq Ft
04/30/2022 04/30/22 For Sale $580,000 -- $306 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
Source: San Diego MLS

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 $10,029 $977,974 $617,246 $360,728
2024 $10,029 $958,799 $605,144 $353,655
2023 $6,498 $122,949 $49,871 $73,078
2022 $1,267 $122,949 $49,871 $73,078
2021 $1,233 $120,540 $48,894 $71,646
2020 $1,238 $119,305 $48,393 $70,912
2019 $1,213 $116,967 $47,445 $69,522
2018 $1,192 $114,674 $46,515 $68,159
2017 $1,167 $112,426 $45,603 $66,823
2016 $1,138 $110,222 $44,709 $65,513
2015 $1,120 $108,567 $44,038 $64,529
2014 $1,096 $106,441 $43,176 $63,265
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sonia Azizi

    Compass

    Section Image
  • Zohra Azizi

    Seller Co-Listing Agent in 2023

    Zohra Azizi

    Compass

    (619) 876-0110

    35 Total Sales

    Section Image

  • Z

    Seller Co-Listing Agent in 2023

    Zohra Azizi Legler

    Compass

  • J

    Buyer's Agent in 2023

    Jason Brookes

    Grand Avenue Realty & Lending

    (562) 233-8564

    6 Total Sales

    Section Image
  • Nicholas Miele

    Seller's Agent in 2022

    Nicholas Miele

    Compass

    (760) 685-7956

    42 Total Sales

    Section Image
  • Nilab Azizi

    Buyer's Agent in 2022

    Nilab Azizi

    Compass

    (858) 847-8067

    23 Total Sales

    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 220027815

San Diego MLS

APN: 102-362-09

California San Diego County Fallbrook 92028

5695 Rainbow Heights Rd, Fallbrook, CA

This home is located at 5695 Rainbow Heights Rd, Fallbrook, CA 92028 since 11 November 2022 and is currently estimated at $1,053,482, approximately $556 per square foot. This property was built in 1968. 5695 Rainbow Heights Rd is a home located in San Diego County with nearby schools including Vallecitos Elementary School and Fallbrook High School.

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