NOT LISTED FOR SALE

6500 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $1,009,000 - $1,197,000

3 Beds
3 Baths
2,748 Sq Ft
$393/Sq Ft Est. Value

Last Sold September 27, 2024

Last sale price $975,000 $355 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,357/month

23 Days on Market

Highlights

  • Ocean View
  • Horse Property
  • Updated Kitchen
  • Detached Guest House
  • Second Garage
  • Open Floorplan

About This Home

As of September 2024

Discover unparalleled tranquility and PANORAMIC VIEWS in this exceptional 3-bedroom, 3-bathroom main residence with PAID OFF SOLAR, SUPER LOW TAXES, NO HOA, complemented by a separate 1-bedroom, 1-bathroom ADU!!! Nestled on 2.55 acres, this property epitomizes serenity and luxury. A custom flagstone driveway with gated entry ensures utmost privacy as you approach the home. Step inside to find exquisite details including a custom glass paned door, distressed mahogany flooring and elegant marble tile in the living areas. The gourmet kitchen is a chef’s delight with stainless steel appliances, a center island with electric stovetop, convection oven, custom granite countertops, and pendant lighting. The family room features a cozy wood-burning fireplace, exposed wood beams, and opens onto a deck with mesmerizing views. A sunken dining room and expansive living room offer ample space for entertaining, with the potential for conversion into additional bedrooms if desired. All bathrooms have been meticulously remodeled, with the primary ensuite boasting custom closets, a spacious living area, and a luxurious oversized shower. Enjoy the convenience of custom remote controls for shower in the primary bathroom, allowing you to personalize your experience to include bluetooth music. Outside, a wrap-around porch overlooks beautifully landscaped gardens, fruit trees and the valley below. Additional features include multiple outbuildings, newer AC and water heater, dual garages with workshop areas, carports, and a sizable workshop adjacent to the ADU. The ADU itself has been updated with wood flooring, a new full kitchen including new cabinets, granite countertops, center island and remodeled bathroom. Washer/dryer hookups are a bonus this wonderful unit that offers a perfect guest house or rental opportunity. Surrounded by natural rock formations, walking trails, and fruit trees, this property offers both seclusion and convenience, just moments from Fallbrook’s schools, restaurants, and shopping. Don’t miss the chance to own this extraordinary estate that combines unparalleled views with very private living. Put this on the must see list of homes!

Last Agent to Sell the Property

Jim Holbrook

Performance Estates & Homes Brokerage Phone: 951-514-0734 License #01709606 Listed on: 07/23/2024

Co-Listed By

Shane Rone

Performance Estates & Homes Brokerage Phone: 951-514-0734 License #01913771

Last Buyer's Agent

Jacob Corirossi

SimpliHOM License #02015543

SimpliHOM

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 2.55 Acre Lot
  • Chain Link Fence
  • Secluded Lot
  • Drip System Landscaping
  • Sprinkler System
  • Garden
  • Property is zoned A70

Parking

  • 3 Car Garage
  • Second Garage
  • Detached Carport Space
  • Parking Available
  • Automatic Gate
  • RV Potential

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Canyon
  • Mountain
  • Hills
  • Valley
  • Neighborhood
  • Rock

Home Design

  • Entry on the 1st floor
  • Additions or Alterations
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,748 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Plantation Shutters
  • Formal Entry
  • Family Room with Fireplace
  • Living Room
  • Family or Dining Combination
  • Workshop

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Electric Cooktop
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Stone Bathroom Countertops
  • Bathtub with Shower
  • Multiple Shower Heads
  • Walk-in Shower

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Outdoor Features

  • Horse Property
  • Balcony
  • Wrap Around Porch
  • Patio
  • Separate Outdoor Workshop
  • Shed
  • Outbuilding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Tankless Water Heater
  • Propane Water Heater
  • Septic Type Unknown

Additional Features

  • Solar owned by seller
  • Detached Guest House

Listing and Financial Details

  • Tax Lot 190
  • Tax Tract Number 93021
  • Assessor Parcel Number 1092342100
  • $93 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • Fallbrook Subdivision
  • Mountainous Community

Recreation

  • Horse Trails
  • Hiking Trails

Home Details

Home Type

Single Family

Year Built

Built in 1979 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Gravel, Paved, Privately Maintained, Unpaved
  • Security: Automatic Gate
  • Subdivision Name Other: Fallbrook
  • View: Yes
  • Zoning: A70
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1092342100
  • Year Built: 1979
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2748.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: In Family Room, Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 354.80
  • Room Type: Entry, Family Room, Formal Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bedroom, Workshop
  • Window Features: Plantation Shutters
  • Bathroom Features: Shower, Shower In Tub, Dual Shower Heads (or Multiple), Remodeled, Stone Counters, Upgraded, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Other Structures: Guest House, Guest House Detached, Outbuilding, Second Garage Detached, Shed(s), Storage, Workshop
  • View: Canyon, City Lights, Hills, Mountain(s), Neighborhood, Ocean, Panoramic, Rocks, Valley
  • Fence: Yes
  • Fencing: Chain Link
  • Patio And Porch Features: Covered, Front Porch, Wrap Around
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Detached Carport, Covered, Garage, RV Potential
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Disposal, Microwave, Propane Water Heater, Tankless Water Heater, Water Heater, Water Line to Refrigerator
  • Electric: Electricity - On Property, Photovoltaics Seller Owned
  • Heating Type: Central, Forced Air, Propane
  • Laundry Features: Electric Dryer Hookup, Individual Room, Inside
  • Sewer: Septic Type Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking, Horse Trails, Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Horse Property, Lot Over 40000 Sqft, Rocks, Secluded, Sprinklers Drip System
  • Lot Size Sq Ft: 111078.00
  • Lot Size Acres: 2.5500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 111078.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 190.02
  • Tax Lot: 190
  • Tax Tract Number: 93021
  • TaxOtherAnnualAssessmentAmount: 93.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Sep 3, 2024
Sold by
Aref Mostafa
Bought by
Smith Linsey Kyle
Seller's Agent
Jim Holbrook
Performance Estates & Homes
Buyer's Agent
Jacob Corirossi
SimpliHOM
List Price
$999,900
Sold Price
$975,000
Premium/Discount to List
-$24,900
-2.49%
Views
53
Current Estimated Value
$1,080,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,969
Avg. Annual Appreciation
8.60%
Original Mortgage
$780,000
Outstanding Balance
$769,754
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$311,215

Purchase Details

Listed on
May 31, 2023
Closed on
Jun 9, 2023
Sold by
Steere Family Trust
Bought by
Aref Mostafa
Seller's Agent
Jim Holbrook
Performance Estates & Homes
Buyer's Agent
Michael Deckert
Performance Estates & Homes
List Price
$699,900
Sold Price
$753,250
Premium/Discount to List
$53,350
7.62%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.93%
Original Mortgage
$715,500
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2018
Sold by
Steere Barbara Jue and Jue Dennis H
Bought by
Steere Barbara Jue and Jue Dennis H
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
Smith Linsey Kyle $975,000 Homelight Title
Aref Mostafa $753,500 Ticor Title
Steere Barbara Jue -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Linsey Kyle $780,000
Previous Owner Aref Mostafa $715,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2024 09/27/24 Sold $975,000 -2.5% $355 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
07/23/2024 07/23/24 For Sale $999,900 +32.7% $364 / Sq Ft
06/29/2023 06/29/23 Sold $753,250 +7.6% $303 / Sq Ft View Prior Sale
06/08/2023 06/08/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $699,900 -- $282 / 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 $8,328 $975,000 $716,122 $258,878
2024 $8,328 $768,315 $564,315 $204,000
2023 $1,896 $175,895 $21,780 $154,115
2022 $1,875 $172,447 $21,353 $151,094
2021 $1,828 $169,067 $20,935 $148,132
2020 $1,831 $167,335 $20,721 $146,614
2019 $1,785 $164,055 $20,315 $143,740
2018 $1,743 $160,839 $19,917 $140,922
2017 $1,707 $157,686 $19,527 $138,159
2016 $1,670 $154,595 $19,145 $135,450
2015 $1,644 $152,274 $18,858 $133,416
2014 $1,609 $149,292 $18,489 $130,803
Source: Public Records

Agents Affiliated with this Home

  • Jim Holbrook

    Seller's Agent in 2024

    Jim Holbrook

    Performance Estates & Homes

    (951) 514-0734

    244 Total Sales

    Jim Holbrook
    Section Image
  • Shane Rone

    Seller Co-Listing Agent in 2024

    Shane Rone

    Performance Estates & Homes

    (619) 746-5076

    87 Total Sales

    Shane Rone
    Section Image
  • Jacob Corirossi

    Buyer's Agent in 2024

    Jacob Corirossi

    SimpliHOM

    (760) 802-2664

    60 Total Sales

    Jacob Corirossi
    Section Image
  • Nicole Caldwell

    Seller Co-Listing Agent in 2023

    Nicole Caldwell

    Performance Estates & Homes

    (951) 816-1608

    176 Total Sales

    Nicole Caldwell
    Section Image

  • M

    Buyer's Agent in 2023

    Michael Deckert

    Performance Estates & Homes

    (951) 818-2677

    17 Total Sales

    Michael Deckert
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW24095986

California Regional Multiple Listing Service (CRMLS)

APN: 109-234-21

California San Diego County Fallbrook 92028

6500 Rainbow Heights Rd, Fallbrook, CA

Not Listed for Sale

Detached

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