NOT LISTED FOR SALE

6941 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $1,268,000 - $2,006,000

3 Beds
2.5 Baths
2,450 Sq Ft
$623/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $1,310,000 $535 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $9,342/month

67 Days on Market

Highlights

  • Above Ground Spa
  • Mountain View
  • Two Way Fireplace
  • 21.61 Acre Lot
  • Deck
  • Mediterranean Architecture

About This Home

As of May 2021

Multigenerational Living or Your own Personnel Retreat? What will you choose? This Beautiful Custom Home sits on almost 22 acres with Amazing VIEWS! This home is ZONED for Horses w/no existing facilities. From the moment you enter the front door, you fall in love with the view you see from the oversized sliding doors, vaulted ceilings, double sided stone fireplace, kitchen, and the welcoming entertaining outdoor areas that include a large deck, Jacuzzi, and a patio area with cobble stones and a Pro Lawn Putting Green. Property includes a buildable pad w/1.5"water meter & septic approved. A MUST SEE! Almost 22 acres in San Diego County with Unbelievable VIEWS!! This home feels like Paradise! The many windows bring in natural light and almost every room has a view. This Home has 3 bedrooms and 2 ½ bathrooms. There is imported Italian plank wood like tiles throughout the downstairs area. The oversized Master Bedroom is on the first floor with a remodeled Master Bathroom with a separate walk-in shower with imported tiles from Spain, high end finishes and large enclosed luxurious jetted tub, and walk-in closet. Two bedrooms and a Jack and Jill bathroom upstairs with one room having a balcony and the other with many windows and incredible view. This property has endless possibilities! Two parcels are being sold together to create the full acreage … APN # 109-233-11-00 9.69 acres and APN # 109-233-10-00 is 11.92 acres with a Buildable lot, 1 1/2” water meter ($42,000 fully paid for) and septic approved. You have the option to keep the privacy or build another home to sell, rent, or for Family. This Home is a MUST SEE!! Schedule a Private Tour today!

Last Agent to Sell the Property

Jennifer Castillo

Allison James Estates & Homes License #01505397 Listed on: 02/12/2021

Allison James Estates & Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,433

Year Built

  • Built in 2006

Lot Details

  • 21.61 Acre Lot
  • Gated Home
  • Partially Fenced Property
  • Vinyl Fence
  • Gentle Sloping Lot
  • Sprinklers on Timer
  • Grove
  • Property is zoned AG

Parking

  • 2 Car Garage
  • Single Garage Door
  • Driveway
  • RV Potential

Home Design

  • Mediterranean Architecture
  • Ranch Property
  • Turnkey
  • Clay Roof
  • Stucco Exterior

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Recessed Lighting
  • Two Way Fireplace
  • Home Office
  • Mountain Views

Kitchen

  • Free-Standing Range
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry Room
  • Propane Dryer Hookup

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Above Ground Spa
  • Balcony
  • Deck
  • Stone Porch or Patio
  • Shed

Schools

  • Vallecitos School District Elementary School

Utilities

  • Separate Water Meter
  • Septic System
  • Satellite Dish

Community Details

  • Mountainous Community

Listing and Financial Details

  • Assessor Parcel Number 109-233-11-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,433

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Architectural Style: Mediterranean/Spanish
  • Residential Styles: Detached
  • Property Condition: Turnkey
  • Market Area: North County
  • Cross Street: Rice Canyon
  • Neighborhood: Rainbow
  • Supplement: Almost 22 acres in San Diego County with Unbelievable VIEWS!! This home feels like Paradise! The many windows bring in natural light and almost every room has a view. This Home has 3 bedrooms and 2 ½ bathrooms. There is imported Italian plank wood like tiles throughout the downstairs area. The oversized Master Bedroom is on the first floor with a remodeled Master Bathroom with a separate walk-in shower with imported tiles from Spain, high end finishes and large enclosed luxurious jetted tub, and walk-in closet. Two bedrooms and a Jack and Jill bathroom upstairs with one room having a balcony and the other with many windows and incredible view. This property has endless possibilities! Two parcels are being sold together to create the full acreage … APN # 109-233-11-00 9.69 acres and APN # 109-233-10-00 is 11.92 acres with a Buildable lot, 1 1/2” water meter ($42,000 fully paid for) and septic approved. You have the option to keep the privacy or build another home to sell, rent, or for Family. This Home is a MUST SEE!! Schedule a Private Tour today!
  • LP / Sq Ft: 562.86
  • Miscellaneous: Dog Run, Horse Allowed, Livestock Allowed
  • Price Per Sq Ft: 534.69
  • SP/ Sq Ft: 534.69
  • Stories: 2 Story
  • Ownership: Fee Simple
  • Total Stories: 2
  • Year Built: 2006
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bathtub, Granite Counters, Kitchen Island, Recessed Lighting, Shower, Wet Bar
  • Flooring: Carpet, Tile
  • Equipment Available: Dishwasher, Disposal, Fire Sprinklers, Satellite Dish, Free Standing Range, Water Line to Refr
  • Fireplaces: 1
  • Fireplace: Two Way
  • Searchable Rooms: Office
  • Total Bedrooms: 3
  • Bedrooms: 3
  • Master Bedroom Dimensions: 18x19
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 2450
  • Total Bathrooms: 3

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate, Partial, Vinyl
  • Patio: Balcony, Deck, Stone/Tile
  • Roof: Tile/Clay
  • Spa: Above Ground, Bath Tub
  • Spa Heat: Electric
  • View: Mountains/Hills

Garage/Parking

  • Parking for RV: Potential Space
  • Garage Details: Garage - Single Door
  • Garage Spaces: 2
  • Non Garage Parking: Driveway
  • Garage Spaces: 4
  • Parking Spaces Total: 6

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Electric, Propane
  • Security: Fire Sprinklers, Smoke Detector
  • Sewer/Septic: Septic Installed
  • Water: Meter on Property
  • Heating: Fireplace, Forced Air Unit
  • Heating Fuel: Propane
  • Telecommunications: Satellite Dish

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: FALLBROOK

Schools

  • Elementary School: Vallecitos School District
  • Elementary School Website: http://www.vcpusd.k12.ca.us/

Lot Info

  • Irrigation: Automatic
  • Lot Size: 20+ AC
  • Other Structures: Shed
  • Topography: Mountainous, Slope Gentle
  • Water District: RAINBOW MUN. WATER DISTRICT
  • Zoning: AG
  • Additional Property Use: Grove, Ranch/Farm
  • Assessor Parcel Number: 109-233-11-00
  • Water District URL: http://www.rainbowmwd.com
  • Estimated Number of Acres: 21.61
  • Other Structures: Shed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
May 4, 2021
Sold by
Castillo Greg S and Castillo Jennifer S
Bought by
Mceneaney William M
Seller's Agent
Jennifer Castillo
Allison James Estates & Homes
List Price
$1,495,000
Sold Price
$1,310,000
Premium/Discount to List
-$185,000
-12.37%
Current Estimated Value
$1,527,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,334
Avg. Annual Appreciation
3.65%
Original Mortgage
$400,000
Outstanding Balance
$335,767
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,191,567

Purchase Details

Closed on
Nov 10, 2016
Sold by
Castillo Greg S and Castillo Jennifer S
Bought by
Castillo Greg S and Castillo Jennifer S

Purchase Details

Closed on
Oct 18, 2010
Sold by
Ispas Craig W and Ispas Mary Jo
Bought by
Castillo Greg S and Castillo Jennifer S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2008
Sold by
Ispas Craig W and Ispas Mary Jo
Bought by
Ispas Craig W and Ispas Mary Jo

Purchase Details

Closed on
Aug 5, 2005
Sold by
Salas Michael A
Bought by
Ispas Craig W and Ispas Mary Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,109
Interest Rate
5.68%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 29, 2002
Sold by
Schuffert Edward A
Bought by
Salas Michael A
Source: Public Records

Range of Values:

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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
Mceneaney William M $1,310,000 Fidelity Natl Ttl San Diego
Castillo Greg S -- None Available
Castillo Greg S $495,000 None Available
Ispas Craig W -- None Available
Ispas Craig W $210,000 --
Salas Michael A $187,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mceneaney William M $400,000
Previous Owner Fam Greg $350,000
Previous Owner Castillo Greg S $367,000
Previous Owner Castillo Greg S $350,000
Previous Owner Ispas Craig W $210,109
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $1,310,000 -5.0% $535 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/03/2021 04/03/21 Price Changed $1,379,000 -3.5% $563 / Sq Ft
03/24/2021 03/24/21 Price Changed $1,429,000 -4.4% $583 / Sq Ft
02/12/2021 02/12/21 For Sale $1,495,000 -- $610 / Sq Ft
Source: San Diego MLS

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 $12,433 $1,075,292 $376,711 $698,581
2024 $12,433 $1,136,819 $424,483 $712,336
2023 $11,469 $1,050,804 $416,160 $634,644
2022 $11,350 $1,030,200 $408,000 $622,200
2021 $6,529 $585,877 $230,800 $355,077
2020 $6,544 $579,871 $228,434 $351,437
2019 $6,387 $568,502 $223,955 $344,547
2018 $6,240 $557,356 $219,564 $337,792
2017 $930 $546,428 $215,259 $331,169
2016 $5,996 $535,715 $211,039 $324,676
2015 $5,899 $527,669 $207,869 $319,800
2014 $5,775 $517,334 $203,798 $313,536
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210003743

San Diego MLS

APN: 109-233-11