NOT LISTED FOR SALE

6495 Rainbow Heights Rd Fallbrook, CA 92028

Fallbrook Area

Estimated Value: $790,994 - $974,000

4 Beds
4 Baths
2,356 Sq Ft
$378/Sq Ft Est. Value

Sale Details

Date Sold: December 20, 2022

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

Est. 2% decrease in value since last sale

Current estimated payment $5,193 / mo

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

LPT Realty License #01801919 Listed on: 09/14/2022

LPT Realty

Last Buyer's Agent

Whitney Goodman

Compass License #02150128

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 37,897 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned AGRICULTURAL

Home Design

  • Turnkey

Interior Spaces

  • 2,356 Sq Ft Home
  • Multi-Level Property
  • 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

Year Built

Built in 1968 | Remodeled

Lot Details

0.87 Acres

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
  • 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

  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2021
Sold by
Bought by
Current Estimated Value
$891,249

Purchase Details

Closed on
Jun 29, 2016
Sold by
Bought by

Purchase Details

Closed on
May 31, 2016
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 2015
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Aug 31, 2009
Sold by
Bought by

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
Bought by

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:

--
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
$518,000 Title 365
-- None Available
$485,000 Ticor Title
-- None Available
$400,000 Lawyers Title Insurance Co
$565,000 Advantage Title Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $406,300
Closed $407,000
Closed $363,000
Previous Owner $363,750
Previous Owner $296,000
Previous Owner $464,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • 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

    38 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

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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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