NOT LISTED FOR SALE

6495 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $768,716 - $990,000

4 Beds
4 Baths
2,356 Sq Ft
$370/Sq Ft Est. Value

Last Sold December 20, 2022

Last sale price $905,000 $384 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,105/month

64 Days on Market

Highlights

  • Primary Bedroom Suite
  • Maid or Guest Quarters
  • Loft
  • Canyon View
  • Main Floor Primary Bedroom
  • No HOA

About This Home

As of December 2022

PRODUCING INCOME PROPERY! Nestled in the beautiful hills of North County San Diego you will find an amazing retreat with 2 completely renovated homes. Each home has 2 bedrooms and 2bths. If you're looking for a multi-generational property or investment property look no further. Live in one home and Airbnb the 2nd home. 2nd home is already up and running 5-star profitable Airbnb. This property has endless income possibilities! Main home has 2 bd, 2bth with optional office/bedroom or laundry room. Kitchen is perfect for entertaining with beautiful custom cabinets, quartz countertops and high end brand-new black stainless-steel appliances. Open floor plan with high beam ceilings and real hardwood flooring. Bathrooms have all been tastefully remodeled. New energy efficient windows, split AC units, all new plumbing and electrical and tankless water heater. 2nd home has high-end wood laminate throughout the living spaces, lush carpet in the downstairs master bedroom and an amazing, remodeled kitchen and bathroom. Upstairs has a large loft with its own private entrance, bath, walk in closet, and an additional sitting room or office area. The spectacular grounds has majestic oak trees right out of a picture book, chicken coop, covered carport and large workshop for all your projects. Don't miss this rare opportunity to own this little piece of heaven!

Last Agent to Sell the Property

Tamara and Joe Bishop

HomeSmart Realty West License #01801919 Listed on: 09/14/2022

HomeSmart Realty West

Last Buyer's Agent

Whitney Goodman

Compass License #02150128

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,554

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 0.87 Acre Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned AGRICULTURAL

Home Design

  • Split Level Home
  • Turnkey

Interior Spaces

  • 2,356 Sq Ft Home
  • Family Room
  • Living Room
  • Loft
  • Canyon Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Maid or Guest Quarters
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Schools

  • Fallbrook High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Conventional Septic

Community Details

  • No Home Owners Association
  • Mountainous Community

Listing and Financial Details

  • Assessor Parcel Number 1092502200
  • $43 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,554

Year Built

Built in 1968 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: AGRICULTURAL
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1092502200
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2356.00 Square Feet
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Levels: Multi/Split, One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 384.13
  • Room Type: Family Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Loft, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite

Exterior Features

  • View: Canyon
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Fallbrook Union Elementary
  • High School: Fallbrook
  • High School: Fallbrook
  • High School2: FALLBR

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 37897.20
  • Lot Size Acres: 0.8700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 0.8700 Acres
  • Number Of Units In Community: 2

Tax Info

  • TaxOtherAnnualAssessmentAmount: 43.18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2021
Sold by
Eastman William M and Eastman Patricia L
Bought by
Eastman William M and Eastman Patricia L
Current Estimated Value
$871,179

Purchase Details

Closed on
Jun 29, 2016
Sold by
Chejoka Nart
Bought by
Eastman William and Eastman Patricia

Purchase Details

Closed on
May 31, 2016
Sold by
Chejoka Daniel
Bought by
Cheioka Narth

Purchase Details

Closed on
Mar 16, 2015
Sold by
Cherniack Reuben Mitchell
Bought by
Cheioka Danial and Chejoka Nart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2014
Sold by
Cerniack Reuben
Bought by
Reuben Mitchell Cherniack Trust

Purchase Details

Closed on
Aug 31, 2009
Sold by
Kipnis Sue
Bought by
Cherniack Reuben M and Cherniack Edith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.19%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 27, 2005
Sold by
Crown Marvin George and Crown Betty Jane
Bought by
Coffman Ben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
6.7%
Mortgage Type
Fannie Mae Freddie Mac
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
Eastman William M -- None Available
Eastman William M -- None Available
Eastman William $518,000 Title 365
Cheioka Narth -- None Available
Cheioka Danial $485,000 Ticor Title
Reuben Mitchell Cherniack Trust -- None Available
Cherniack Reuben M $400,000 Lawyers Title Insurance Co
Coffman Ben $565,000 Advantage Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eastman William $406,300
Closed Eastman Patricia $407,000
Closed Eastman Patricia $363,000
Previous Owner Cheioka Danial $363,750
Previous Owner Cherniack Reuben M $296,000
Previous Owner Coffman Ben $464,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $905,000 -5.6% $384 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
10/27/2022 10/27/22 Price Changed $959,000 -3.1% $407 / Sq Ft
09/30/2022 09/30/22 Price Changed $989,900 -0.5% $420 / Sq Ft
09/14/2022 09/14/22 For Sale $995,000 +65.8% $422 / Sq Ft
09/17/2021 09/17/21 Sold $600,000 -7.6% $255 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $649,000 -- $275 / 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 $5,554 $531,544 $290,145 $241,399
2024 $5,554 $521,122 $284,456 $236,666
2023 $5,423 $510,905 $278,879 $232,026
2022 $5,365 $500,888 $273,411 $227,477
2021 $5,228 $491,067 $268,050 $223,017
2020 $5,238 $486,033 $265,302 $220,731
2019 $5,103 $476,503 $260,100 $216,403
2018 $4,979 $467,160 $255,000 $212,160
2017 $930 $458,000 $250,000 $208,000
2016 $4,716 $436,557 $253,812 $182,745
2015 $4,064 $375,903 $214,802 $161,101
2014 $3,806 $352,635 $201,000 $151,635
Source: Public Records

Agents Affiliated with this Home

  • Tamara and Joe Bishop

    Seller's Agent in 2022

    Tamara and Joe Bishop

    HomeSmart Realty West

    (760) 468-0841

    26 Total Sales

    Tamara and Joe Bishop
    Section Image
  • Whitney Goodman

    Buyer's Agent in 2022

    Whitney Goodman

    Compass

    (323) 593-6999

    17 Total Sales

    Whitney Goodman
    Section Image
  • Rosanne Nitti

    Seller's Agent in 2021

    Rosanne Nitti

    Keller Williams Realty Irvine

    (949) 315-9104

    47 Total Sales

    Rosanne Nitti
    Section Image

  • F

    Buyer's Agent in 2021

    Frank Petteway

    NextHome Lifestyles

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2209480

California Regional Multiple Listing Service (CRMLS)

APN: 109-250-26

California San Diego County Fallbrook 92028

6495 Rainbow Heights Rd, Fallbrook, CA

This home is located at 6495 Rainbow Heights Rd, Fallbrook, CA 92028 since 14 September 2022 and is currently estimated at $871,179, approximately $369 per square foot. This property was built in 1968. 6495 Rainbow Heights Rd is a home located in San Diego County with nearby schools including Vallecitos Elementary School and Fallbrook High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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