NOT LISTED FOR SALE

728 Rainbow Hills Rd Fallbrook, CA 92028

Estimated Value: $764,000 - $825,252

2 Beds
2 Baths
2,041 Sq Ft
$383/Sq Ft Est. Value

Last Sold June 16, 2025

Last sale price $760,000 $372 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,674/month

33 Days on Market

Highlights

  • Solar Power System
  • Panoramic View
  • 2 Car Direct Access Garage
  • Gated Parking
  • Retreat
  • Family Room Off Kitchen

About This Home

As of June 2025

Discover your own slice of paradise with this single-level, 2-bedroom, 2-bathroom, 2,041 sq. ft. home set on an expansive 3.76-acre lot in Fallbrook. Boasting panoramic views, this move-in-ready freshly painted property offers endless possibilities. The huge, usable, and buildable lot features a thriving garden with an avocado orchard and a variety of fruit and vegetable plants—truly a gardener’s dream. The land is sustained by a private well, while the home is connected to city water for added convenience. Enjoy the benefits of owned solar and embrace country living with modern amenities, all while being surrounded by stunning natural beauty. Don’t miss this rare opportunity!

Last Agent to Sell the Property

Rachel Gardner

Redfin Corporation License #01854523 Listed on: 04/23/2025

Redfin Corporation

Last Buyer's Agent

RONNI MITCHELL

KELLER WILLIAMS RIVERSIDE CENT License #02090994

KELLER WILLIAMS RIVERSIDE CENT

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1982

Lot Details

  • 3.76 Acre Lot
  • Gated Home
  • Fence is in good condition
  • Steep Slope
  • Property is zoned R-1:SINGLE

Parking

  • 2 Car Direct Access Garage
  • Side Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Driveway
  • Gated Parking

Property Views

  • Panoramic
  • Valley

Home Design

  • Clay Roof
  • Stucco Exterior

Interior Spaces

  • 2,041 Sq Ft Home
  • 1-Story Property
  • Bar
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Area
  • Stone Flooring

Kitchen

  • Gas Oven
  • Stove
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Retreat
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Eco-Friendly Details

  • Solar Power System
  • Drip Irrigation

Utilities

  • Central Air
  • Heating Available
  • Separate Water Meter
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 108-041-09-00

Home Details

Home Type

Single Family

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: North County
  • Cross Street: Rainbow Glen
  • Neighborhood: Fallbrook
  • LP / Sq Ft: 391.47
  • Price Per Sq Ft: 372.37
  • SP/ Sq Ft: 372.37
  • Stories: 1 Story
  • Ownership: Fee Simple
  • Total Stories: 1
  • Year Built: 1982
  • A D U Yes No: No
  • 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: Bar, Shower
  • Flooring: Stone
  • Equipment Available: Dishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Refrigerator, Solar Panels, Washer, Freezer, Gas & Electric Range, Gas Oven, Gas Stove, Gas Range, Counter Top
  • Fireplaces: 1
  • Fireplace: Fp In Living Room
  • Searchable Rooms: Dining Area, Family Room, Master Retreat, MBR Entry Level, Living Room, Master Bedroom, Entry, Family Kitchen, Laundry, Master Bathroom
  • Total Bedrooms: 2
  • Bedrooms: 2
  • Master Bedroom Dimensions: 16x19
  • Full Bathrooms: 2
  • Laundry Location: Garage
  • Estimated Sq Ft: 2041
  • Total Bathrooms: 2

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Gate, Good Condition
  • Roof: Tile/Clay
  • View: Panoramic, Valley/Canyon

Garage/Parking

  • Parking for RV: Gated
  • Garage Details: Attached, Direct Garage Access, Garage, Garage - Side Entry, Garage - Single Door, Garage Door Opener
  • Garage Spaces: 2
  • Non Garage Parking: Driveway
  • Parking Spaces Total: 5

Utilities

  • Cooling: Central Forced Air
  • Laundry Utilities: Electric
  • Sewer/Septic: Septic Installed
  • Water: Meter on Property, Well on Property
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Community: FALLBROOK

Lot Info

  • Irrigation: Drip, Manual
  • Lot Size: 2+ to 4 AC
  • Topography: Slope Steep
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 108-041-09-00
  • Estimated Lot Sq Ft: 163785
  • Estimated Number of Acres: 3.76
  • Map Code Column: F
  • Map Code Page: 998
  • Map Code Row: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2025
Closed on
Jun 12, 2025
Sold by
Nguyen Phat
Bought by
Bui Jenny Anna
Seller's Agent
Rachel Gardner
Redfin Corporation
Buyer's Agent
RONNI MITCHELL
KELLER WILLIAMS RIVERSIDE CENT
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%
Views
101
Current Estimated Value
$782,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,313
Avg. Annual Appreciation
5.61%
Original Mortgage
$388,000
Outstanding Balance
$385,971
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$396,342

Purchase Details

Listed on
Sep 1, 2020
Closed on
Oct 6, 2020
Sold by
Mckennett Michael Joseph and Mckennett Carol Page
Bought by
Bui Jenny Anna
Seller's Agent
Frank Cerda
HomeSmart Realty West
Buyer's Agent
Fatima Mendoza
ERA Steinbeck Real Estate
List Price
$619,000
Sold Price
$599,900
Premium/Discount to List
-$19,100
-3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.28%
Original Mortgage
$399,900
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2019
Sold by
Mckennett Michael Joseph and Mckennett Carol Page
Bought by
Mckennett Michael Joseph and Mckennett Carol Page

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,817
Interest Rate
4.8%
Mortgage Type
VA

Purchase Details

Closed on
Nov 7, 2013
Sold by
Mckennett Mike Joseph and Mckennett Carol Page
Bought by
Mckennett Mike Joseph and Mckennett Carol Page

Purchase Details

Closed on
Apr 24, 2009
Sold by
Indymac Bank Fsb
Bought by
Mckennett Mike Joseph and Mckennett Carol Page

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,267
Interest Rate
4.76%
Mortgage Type
VA

Purchase Details

Closed on
Jan 30, 2008
Sold by
United States Of America
Bought by
Indymac Bank Fsb

Purchase Details

Closed on
Mar 19, 2004
Sold by
Smith James D and Smith Valerie L
Bought by
Reed Dane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,200
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2001
Sold by
Wheeler Corinne H and Mcelroy Douglas B
Bought by
Smith James D and Smith Valerie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.15%

Purchase Details

Closed on
Apr 12, 1997
Sold by
Mcelroy Boyden S
Bought by
Mcelroy Boyden S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bui Jenny Anna -- Title Forward Of California In
Cortez Ozzy $760,000 Title Forward Of California In
Bui Jenny Anna $600,000 Orange Coast Title
Mckennett Michael Joseph -- First American Title Insuran
Mckennett Mike Joseph -- Accommodation
Mckennett Mike Joseph $245,000 Lsi Title Company
Indymac Bank Fsb -- Lsi Title Company
Reed Dane $479,000 Commonwealth Land Title
Smith James D $280,000 First American Title Ins Co
Mcelroy Boyden S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cortez Ozzy $388,000
Previous Owner Bui Jenny Anna $399,900
Previous Owner Mckennett Michael Joseph $535,817
Previous Owner Mckennett Mike Joseph $250,267
Previous Owner Reed Dane $383,200
Previous Owner Smith James D $224,000
Closed Smith James D $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2025 06/16/25 Sold $760,000 -4.9% $372 / Sq Ft
05/27/2025 05/27/25 Pending -- -- --
05/15/2025 05/15/25 For Sale $799,000 0.0% $391 / Sq Ft
05/05/2025 05/05/25 Pending -- -- --
04/23/2025 04/23/25 For Sale $799,000 +33.2% $391 / Sq Ft
11/09/2020 11/09/20 Sold $599,900 -3.1% $294 / Sq Ft View Prior Sale
09/30/2020 09/30/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $619,000 -- $303 / 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 $6,752 $649,347 $79,500 $569,847
2024 $6,752 $636,616 $77,942 $558,674
2023 $6,590 $624,134 $76,414 $547,720
2022 $6,499 $611,897 $74,916 $536,981
2021 $6,329 $599,900 $73,448 $526,452
2020 $3,082 $288,476 $35,319 $253,157
2019 $3,024 $282,821 $34,627 $248,194
2018 $6,328 $277,277 $33,949 $243,328
2017 $6,249 $271,841 $33,284 $238,557
2016 $6,181 $266,512 $32,632 $233,880
2015 $6,147 $262,509 $32,142 $230,367
2014 $2,743 $257,368 $31,513 $225,855
Source: Public Records

Agents Affiliated with this Home

  • R

    Buyer's Agent in 2025

    RONNI MITCHELL

    KELLER WILLIAMS RIVERSIDE CENT

    (562) 313-7058

    21 Total Sales

    RONNI MITCHELL
    Section Image
  • Frank Cerda

    Seller's Agent in 2020

    Frank Cerda

    HomeSmart Realty West

    (760) 468-0849

    12 Total Sales

    Frank Cerda
    Section Image

  • R

    Seller Co-Listing Agent in 2020

    Rick Stephens

    HomeSmart Realty West

    Section Image

  • F

    Buyer's Agent in 2020

    Fatima Mendoza

    ERA Steinbeck Real Estate

  • Katrina Quigley

    Buyer's Agent in 2020

    Katrina Quigley

    Fathom Realty Group, Inc

    (760) 209-6733

    30 Total Sales

    Katrina Quigley
    Section Image
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Map

Source: San Diego MLS

MLS Number: 250025211

San Diego MLS

APN: 108-041-09

California San Diego County Fallbrook 92028

728 Rainbow Hills Rd, Fallbrook, CA

Not Listed for Sale

Detached

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