NOT LISTED FOR SALE

6467 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $1,052,843 - $1,093,000

3 Beds
3 Baths
1,964 Sq Ft
$546/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $975,000 $496 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,324/month

19 Days on Market

Highlights

  • Horse Property Unimproved
  • Sauna
  • Panoramic View
  • Above Ground Spa
  • Primary Bedroom Suite
  • 13.21 Acre Lot

About This Home

As of February 2024

13.21-acre ridge-top paradise, boasting a custom 3-bedroom, 3-bath home. Surrounded by the beauty of nature and frequented by the majestic Red-Tailed Hawk, this tranquil retreat offers an unparalleled sense of peace. The home itself is a stunning work of art, featuring Tuscan cabinets with intricately hand-carved doors by the previous owner, who was a skilled cabinet maker. Each of the three bedrooms has its own full bath, ensuring convenience and privacy for all residents. Additionally, this home offers fantastic living spaces, including an enclosed sunroom that provides more room for relaxation and enjoyment. A newer sauna adds a touch of luxury to enhance your well-being. The garage is a practical masterpiece, completely walled with built-in cabinets and a stainless sink, offering ample storage and workspace for various needs. Upon arrival, you'll be greeted by a grand rocked walled iron gate and a concrete driveway that leads you to both the home and other areas of the ranch. A secure backyard area is thoughtfully carved out of a giant rock face and fenced to protect children and animals. For moments of leisure, follow the walkway to the hidden spa, offering breathtaking views of the valley and mountains—a truly enchanting experience. Investment opportunities await, as 2000 protea plants are in their growth cycle, promising excellent income potential. Moreover, various citrus and avocado trees provide a delightful abundance of fruit for your family's enjoyment. To embrace sustainability and resourcefulness, an ingenious rain catch basin and storage tank have been installed for future use. The vast expanse of this property allows ample room for expanding your farming endeavors and pursuing new agricultural interests. In summary, this extraordinary property combines artistry, tranquility, and income potential, creating a haven for you and your loved ones to cherish for years to come. Don't miss the chance to call this place your home.

Last Agent to Sell the Property

Jenaro Ramirez

Sunshine Properties RealEstate License #02104296 Listed on: 01/03/2024

Co-Listed By

Samee Foster

Sunshine Properties RealEstate License #00980338

Last Buyer's Agent

AJ George

AJGCRE License #01353648

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1980

Lot Details

  • 13.21 Acre Lot
  • Property fronts a county road
  • Rural Setting
  • East Facing Home
  • Secluded Lot
  • Irregular Lot
  • Property is zoned Agriculture

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Two Garage Doors
  • Driveway
  • Automatic Gate

Property Views

  • Panoramic
  • Canyon
  • Reservoir
  • Mountain
  • Hills
  • Rock

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,964 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Workshop
  • Sauna

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Double Self-Cleaning Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Above Ground Spa
  • Patio
  • Arizona Room

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Water Heater
  • Conventional Septic

Additional Features

  • Agricultural
  • Horse Property Unimproved

Listing and Financial Details

  • Tax Tract Number 11
  • Assessor Parcel Number 1092501100

Community Details

Overview

  • No Home Owners Association
  • Mountainous Community
  • Property is near a preserve or public land
  • Valley

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Security: Automatic Gate
  • View: Yes
  • Zoning: Agriculture
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1092501100
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1964.00 Square Feet
  • Interior Amenities: Granite Counters, Stone Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 496.44
  • Room Type: Galley Kitchen, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Suite, Sauna, Two Primaries, Workshop
  • Spa Features: Above Ground, Private
  • Bathroom Features: Granite Counters, Shower In Tub, Bathtub
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Concrete Perimeter
  • Other Structures: Sauna Private
  • View: Canyon, Hills, Mountain(s), Panoramic, Reservoir, Rocks
  • Fence: No
  • Patio And Porch Features: Arizona Room
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Electric Cooktop, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central, Electric
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Inside, Washer Included
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Mountainous, Preserve/Public Land, Rural, Valley, Hiking

Lot Info

  • Land Lease: No
  • Lot Features: Agricultural, Horse Property Unimproved, Irregular Lot, Secluded
  • Lot Size Sq Ft: 575427.60
  • Lot Size Acres: 13.2100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13.2100 Acres
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2024
Closed on
Feb 7, 2024
Sold by
Allan And Claudia Trust
Bought by
Radewahn Eric and Radewahn Susan
Seller's Agent
Jenaro Ramirez
Sunshine Properties RealEstate
Buyer's Agent
AJ George
AJGCRE
List Price
$975,000
Sold Price
$975,000
Views
96
Current Estimated Value
$1,071,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,711
Avg. Annual Appreciation
5.19%
Original Mortgage
$957,340
Outstanding Balance
$940,453
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
$131,258

Purchase Details

Closed on
Jun 7, 2021
Sold by
Niccola Allan A and Niccola Claudia
Bought by
Niccola Allan A and Niccola Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2017
Sold by
Niccola Allan A and Niccola Claudia
Bought by
Niccola Allan and Niccola Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2017
Sold by
Collier Steven Arthur
Bought by
Niccolla Allan A and Niccola Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2003
Sold by
Mcavoy Randall Kim and Mcavoy Trudy K E
Bought by
Collier Steven Arthur

Purchase Details

Closed on
Nov 14, 1994
Sold by
Western Rental Homes
Bought by
Mcavoy Randall Kim and Mcavoy Trudy K E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,900
Interest Rate
9.08%

Purchase Details

Closed on
Sep 14, 1994
Sold by
Morgan Howard L and Morgan Cynthia N
Bought by
Western Rental Homes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
8.58%

Purchase Details

Closed on
May 7, 1992
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
Radewahn Eric $975,000 Chicago Title
Niccola Allan A -- Amrock Llc
Niccola Allan A -- Amrock Llc
Niccola Allan -- Accommodation
Niccolla Allan A $675,000 Lawyers Title
Collier Steven Arthur $650,000 California Title Company
Mcavoy Randall Kim $220,000 Chicago Title Co
Western Rental Homes $265,000 Chicago Title Co
-- $337,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Radewahn Eric $957,340
Previous Owner Niccola Allan A $543,750
Previous Owner Niccolla Allan A $424,000
Previous Owner Mcavoy Randall Kim $164,900
Previous Owner Western Rental Homes $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2024 02/16/24 Sold $975,000 0.0% $496 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
01/03/2024 01/03/24 For Sale $975,000 -- $496 / 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 $8,506 $994,499 $506,722 $487,777
2024 $8,506 $752,970 $383,657 $369,313
2023 $8,317 $738,207 $376,135 $362,072
2022 $8,234 $723,733 $368,760 $354,973
2021 $8,035 $709,543 $361,530 $348,013
2020 $8,051 $702,268 $357,823 $344,445
2019 $7,856 $688,499 $350,807 $337,692
2018 $7,677 $675,000 $343,929 $331,071
2017 $7,116 $630,000 $321,000 $309,000
2016 $5,391 $470,000 $240,000 $230,000
2015 $4,960 $430,000 $220,000 $210,000
2014 $4,736 $410,000 $210,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2400063

California Regional Multiple Listing Service (CRMLS)

APN: 109-250-11