NOT LISTED FOR SALE

7119 Rainbow Heights Rd Unit 23 Fallbrook, CA 92028

Estimated Value: $442,168

19 Acres
$23,408 Price per Acre
822,848 Sq Ft Lot

Last Sold October 16, 2023

Last sale price $275,000

Est. 61% increase in value since last sale

Current estimated payment $2,717/month

498 Days on Market

Highlights

  • 18.89 Acre Lot
  • Property is Fully Fenced
  • Natural State Vegetation
  • Open Space
  • Gentle Sloping Lot

About This Lot

As of October 2023

18.89 acres for agriculture/residential land. Remote, private, has 3/4" water meter service to property. Former lessee abandoned 18,000 sf of light dep specialty Greenhouses and County recorded Notice of Violation for grading without a permit.

Last Agent to Sell the Property

Andrew English

Congress Realty, Inc License #01722356 Listed on: 03/13/2022

Last Buyer's Agent

MLS Non Member

Non Member MLS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,555

Lot Details

  • 18.89 Acre Lot
  • Open Space
  • Property is Fully Fenced
  • Natural State Vegetation
  • Flag Lot
  • Gentle Sloping Lot
  • Irrigation
  • Grove
  • Rough Grade
  • Property is zoned AGRICULTUR

Home Design

  • Ranch Property

Utilities

  • Separate Water Meter

Community Details

  • $246 Other Monthly Fees

Listing and Financial Details

  • Assessor Parcel Number 109-020-23-00

Property Details

Property Type

Land

Est. Annual Taxes

$3,555

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Type: Lots/Land
  • Market Area: North County
  • Neighborhood: Rural
  • Cross Street: Mt. Olympus Valley Rd
  • Miscellaneous: Greenhouse
  • Price Per Sq Ft: 14557.97
  • Sale Price List Price: 0.7
  • Prop Restrictions Known: Open Space
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Full
  • Frontage: Open Space

Utilities

  • Water: Meter On Property

Condo/Co-op/Association

  • Community: Fallbrook

Association/Amenities

  • Development: Partial Grading

Fee Information

  • Total Monthly Fees: 246
  • Other Fees: 2950.0
  • Other Fees Frequency: Annual
  • Other Fees Reflect: Year

Lot Info

  • Irrigation: Manual
  • Lot Size: 10+ To 20 Ac
  • Site: Easement Access, Flag Lot
  • Topography: Slope Gentle
  • Water District: Rainbow Mun. Water District
  • Zoning: AGRICULTUR
  • Additional Property Use: Grove, Ranch/Farm
  • Estimated Lot Dimensions: 642x1300
  • Estimated Lot Sq Ft: 822848
  • Estimated Number of Acres: 18.89
  • Assessor Parcel Number: 109-020-23-00
  • Current Use: Natural Vegetation, Ranch/Farm
  • Lot Number: 23
  • Map Code Column: D
  • Map Code Page: 999
  • Map Code Row: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2022
Closed on
Oct 4, 2023
Sold by
Enriquez Hannah Rose
Bought by
Enriquez Luis Miguel
Seller's Agent
Andrew English
Congress Realty, Inc
Buyer's Agent
MLS Non Member
Non Member MLS
List Price
$430,000
Sold Price
$275,000
Premium/Discount to List
-$155,000
-36.05%
Views
69
Current Estimated Value
$442,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,168
Avg. Annual Appreciation
29.63%
Original Mortgage
$175,000
Outstanding Balance
$171,786
Interest Rate
7.23%
Mortgage Type
Seller Take Back
Estimated Equity
$270,382

Purchase Details

Listed on
Mar 13, 2022
Closed on
Aug 31, 2023
Sold by
Enriquez Estella Montes
Bought by
Enriquez Manuel
Seller's Agent
Andrew English
Congress Realty, Inc
Buyer's Agent
MLS Non Member
Non Member MLS
List Price
$430,000
Sold Price
$275,000
Premium/Discount to List
-$155,000
-36.05%
Views
69

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$171,786
Interest Rate
7.23%
Mortgage Type
Seller Take Back
Estimated Equity
$270,382

Purchase Details

Listed on
Mar 13, 2022
Closed on
Aug 30, 2023
Sold by
Rainbow Venture Llc
Bought by
Enriquez Manuel and Enriquez Luis Miguel
Seller's Agent
Andrew English
Congress Realty, Inc
Buyer's Agent
MLS Non Member
Non Member MLS
List Price
$430,000
Sold Price
$275,000
Premium/Discount to List
-$155,000
-36.05%
Views
69

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$171,786
Interest Rate
7.23%
Mortgage Type
Seller Take Back
Estimated Equity
$270,382

Purchase Details

Closed on
May 23, 2016
Sold by
Lincoln City One Llc
Bought by
Rainbow Venture Llc

Purchase Details

Closed on
May 11, 2011
Sold by
Beegle Stephen W
Bought by
Beegle Stephen W

Purchase Details

Closed on
Jan 25, 2011
Sold by
Beegle Stephen W
Bought by
Lincoln City One Llc

Purchase Details

Closed on
Aug 11, 2006
Sold by
Beegle Stephen William
Bought by
Lincoln City One Llc
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
Enriquez Luis Miguel -- Ticor Title
Enriquez Manuel -- Ticor Title
Enriquez Manuel $275,000 Ticor Title
Rainbow Venture Llc -- First American Title Ins Co
Beegle Stephen W -- None Available
Lincoln City One Llc $100,000 First American Title Ins Co
Lincoln City One Llc $250,000 Chicago Title Co
Beegle Stephen William -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Enriquez Manuel $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $275,000 -30.4% --
07/25/2023 07/25/23 Pending -- -- --
05/18/2023 05/18/23 Price Changed $395,000 -8.1% --
03/14/2023 03/14/23 For Sale $430,000 +56.4% --
03/14/2023 03/14/23 Off Market $275,000 -- --
03/13/2023 03/13/23 Price Changed $430,000 -2.3% --
12/01/2022 12/01/22 Price Changed $440,000 -2.2% --
08/01/2022 08/01/22 Price Changed $450,000 -8.2% --
05/11/2022 05/11/22 Price Changed $490,000 -1.0% --
03/13/2022 03/13/22 For Sale $495,000 -- --
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 $3,555 $280,500 $280,500 --
2024 $3,555 $275,000 $275,000 --
2023 $3,038 $227,563 $227,563 $0
2022 $3,012 $223,101 $223,101 $0
2021 $2,951 $218,727 $218,727 $0
2020 $2,956 $216,485 $216,485 $0
2019 $2,896 $212,241 $212,241 $0
2018 $2,841 $208,080 $208,080 $0
2017 $2,796 $204,000 $204,000 $0
2016 $4,035 $319,952 $319,952 $0
2015 $3,982 $315,147 $315,147 $0
2014 $3,907 $308,974 $308,974 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Andrew English

    Congress Realty, Inc

  • M

    Buyer's Agent in 2023

    MLS Non Member

    Non Member MLS

See All Agents

Map

Source: San Diego MLS

MLS Number: 220005727

San Diego MLS

APN: 109-020-23

California San Diego County Fallbrook 92028

7119 Rainbow Heights Rd Unit 23, Fallbrook, CA

This home is located at 7119 Rainbow Heights Rd Unit 23, Fallbrook, CA 92028 since 13 March 2022 and is currently estimated at $442,168. 7119 Rainbow Heights Rd Unit 23 is a home located in San Diego County with nearby schools including Vallecitos Elementary School and Fallbrook High School.

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