NOT LISTED FOR SALE

5850 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $840,000 - $1,079,000

3 Beds
2 Baths
1,568 Sq Ft
$634/Sq Ft Est. Value

Last Sold December 04, 2023

Last sale price $949,000 $605 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,069/month

415 Days on Market

Highlights

  • Panoramic View
  • No HOA
  • Mountainous Community
  • 7.38 Acre Lot
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of December 2023

Absolutely Stunning Hilltop Fallbrook Home with Majestic Views. On a clear day you see a little of the ocean shimmering in the distance through the rolling hills. This contemporary 3 bedroom, 2 bathroom home has an open bright feel. Recently upgraded bathrooms and kitchen. Living room opens up to a beautiful oversized deck looking down over countless Plumeria and fruit trees. This beautiful property has over 100 Plumeria trees of different varieties and driving up the winding driveway through the gated entrance you will feel like you are in Hawaii. There are 3 shade houses and a hot house along with a 30x40 quanza open end RV garage, City water and a well. You will definitely benefit from the solar being paid off.

Last Agent to Sell the Property

Tony Brewer

RE/MAX ONE License #01429865 Listed on: 08/30/2022

RE/MAX ONE

Last Buyer's Agent

Jon Cellitti

Rupert Taylor R.E.,Inc. License #00303770

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • 7.38 Acre Lot
  • Rural Setting
  • Irregular Lot
  • Property is zoned A70

Parking

  • 2 Car Garage

Property Views

  • Panoramic
  • City Lights
  • Canyon
  • Hills

Interior Spaces

  • 1,568 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Septic Type Unknown

Community Details

  • No Home Owners Association
  • Mountainous Community

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 1093201800
  • $248 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: A70
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1093201800
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1568.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 605.23
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Canyon, City Lights, Hills, Panoramic
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Septic Type Unknown
  • Water Source: Public, Well
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft, Irregular Lot, Rocks
  • Lot Size Sq Ft: 321473.00
  • Lot Size Acres: 7.3800
  • Latitude Manual: 33.40130200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 321473.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 190.02
  • Tax Lot: 1
  • Tax Tract Number: 999999
  • TaxOtherAnnualAssessmentAmount: 248.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2022
Closed on
Oct 25, 2023
Sold by
Slater Christopher H and Slater Nora Donston
Bought by
Glaeser Geoffrey and Gendron Linda
Seller's Agent
Tony Brewer
RE/MAX ONE
Buyer's Agent
Jon Cellitti
Rupert Taylor R.E.,Inc.
List Price
$985,000
Sold Price
$949,000
Premium/Discount to List
-$36,000
-3.65%
Views
346
Current Estimated Value
$993,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,741
Avg. Annual Appreciation
2.26%
Original Mortgage
$749,500
Outstanding Balance
$736,124
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$257,617

Purchase Details

Listed on
Feb 12, 2016
Closed on
Aug 11, 2016
Sold by
Akasaka Richard Y
Bought by
Slater Christopher H and Donston Nora
Seller's Agent
Dave Larsen
Re/Max Partners
Buyer's Agent
Dave Larsen
Re/Max Partners
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.99%

Purchase Details

Closed on
Oct 3, 2006
Sold by
Akasaka Kimberly
Bought by
Akasaka Richard Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
8.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 27, 2004
Sold by
Akasaka Kimberly
Bought by
Akasaka Richard Y and Akasaka Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,500
Interest Rate
5.99%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 5, 2002
Sold by
Dyhre Roxanne
Bought by
Akasaka Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
7.25%

Purchase Details

Closed on
Apr 22, 1996
Sold by
Akasaka George
Bought by
Akasaka George
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Glaeser Geoffrey $949,000 First American Title
Slater Christopher H $390,000 First American Title Company
Akasaka Richard Y -- Fidelity National Title Co
Akasaka Richard Y -- Lawyers Title Company
Akasaka Kimberly $345,000 Fidelity National Title Co
Akasaka Kimberly -- Fidelity National Title Co
Akasaka George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glaeser Geoffrey $749,500
Previous Owner Akasaka Richard Y $532,000
Previous Owner Akasaka Richard Y $508,500
Previous Owner Akasaka Kimberly $276,000
Closed Akasaka Kimberly $69,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/04/2023 12/04/23 Sold $949,000 0.0% $605 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
09/10/2023 09/10/23 Price Changed $949,000 -3.7% $605 / Sq Ft
08/30/2022 08/30/22 For Sale $985,000 +152.6% $628 / Sq Ft
08/26/2016 08/26/16 Sold $390,000 -2.5% $249 / Sq Ft View Prior Sale
02/19/2016 02/19/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $400,000 0.0% $255 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
10/26/2015 10/26/15 For Sale $400,000 0.0% $255 / Sq Ft
10/26/2015 10/26/15 Price Changed $400,000 +2.6% $255 / Sq Ft
10/01/2015 10/01/15 Pending -- -- --
09/18/2015 09/18/15 Price Changed $390,000 -16.1% $249 / Sq Ft
07/10/2015 07/10/15 For Sale $465,000 0.0% $297 / Sq Ft
07/10/2015 07/10/15 Price Changed $465,000 +10.7% $297 / Sq Ft
04/15/2015 04/15/15 Pending -- -- --
03/24/2015 03/24/15 For Sale $420,000 0.0% $268 / Sq Ft
03/24/2015 03/24/15 Price Changed $420,000 -2.3% $268 / Sq Ft
03/01/2015 03/01/15 Pending -- -- --
02/10/2015 02/10/15 For Sale $430,000 0.0% $274 / Sq Ft
01/01/2015 01/01/15 Pending -- -- --
12/03/2014 12/03/14 Price Changed $430,000 -4.4% $274 / Sq Ft
11/21/2014 11/21/14 For Sale $450,000 0.0% $287 / Sq Ft
05/01/2014 05/01/14 Pending -- -- --
04/01/2014 04/01/14 For Sale $450,000 -- $287 / 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 $10,344 $967,979 $523,223 $444,756
2024 $10,344 $949,000 $512,964 $436,036
2023 $5,155 $466,582 $252,202 $214,380
2022 $5,101 $457,434 $247,257 $210,177
2021 $4,976 $448,465 $242,409 $206,056
2020 $4,660 $413,868 $239,924 $173,944
2019 $4,545 $405,754 $235,220 $170,534
2018 $4,455 $397,799 $230,608 $167,191
2017 $4,429 $390,000 $226,087 $163,913
2016 $4,691 $422,086 $244,688 $177,398
2015 $4,452 $400,000 $231,000 $169,000
2014 $3,844 $344,000 $199,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV22176958

California Regional Multiple Listing Service (CRMLS)

APN: 109-320-18