NOT LISTED FOR SALE

7436 Rainbow Heights Rd Fallbrook, CA 92028

Estimated Value: $2,270,000 - $2,927,623

6 Beds
5.5 Baths
12,000 Sq Ft
$209/Sq Ft Est. Value

Sale Details

Date Sold: June 10, 2019

Last sale price $1,400,000 $117 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $14,938 / mo

197 Days on Market

Highlights

  • Horse Property Unimproved
  • Primary Bedroom Suite
  • 120 Acre Lot
  • In Ground Pool
  • Panoramic View
  • Open Floorplan

About This Home

As of June 2019

Welcome to paradise! Absolutely stunning, private gated Estate built in 2016. 120 gorgeous acres featuring a seasonal creek and commercial grade slope drainage. Boasts appx 12,000 SF w/ 6 generous size BR & 5.5 baths all with custom showers. All BR & living quarters are downstairs. Attached Casita w/its own BR. Living quarters w/complete kitchen, 2 custom master BR's, 25 ft ceilings, theater room/gym, rich wood bamboo floors, custom painted w/smooth walls, ceiling fans, neutral carpet, cozy propane fireplace & 11 ductless mini splits air/heat unit sys. Classy granite & stone throughout home. Gas to entire property is propane. Well w/ 4 - 5,000 gal holding tanks. Full water filtration system. Custom cooks kitchen w/ granite, SS appliances, built-in fridge, custom lighting & walk-in pantry. Upstairs has a huge bonus room & real 1949 Cesna plane used as a central art piece perched above the great rm. Parking lot holds approx 100 cars. Beautiful in-ground pool/spa heated with propane. This property has held appx 50 weddings over a 1 year period but would need to complete the conditional use permit for future weddings.The property is being sold as a residence w/land, not a wedding venue. Full propane powered auto switch back up generator. Huge detached metal storage unit to remain. Note: showing a Fallbrook address but located in Riverside County. **APN: 918-210-006**

Last Agent to Sell the Property

Serina Ortiz-Tomlinson

First Team Real Estate License #01152416 Listed on: 11/21/2018

First Team Real Estate

Last Buyer's Agent

Craig Ohlson

Rainbow Real Estate License #01079713

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • 120 Acre Lot
  • Property fronts a county road
  • Rural Setting
  • Desert faces the front and back of the property
  • Paved or Partially Paved Lot
  • Sprinklers on Timer

Property Views

  • Panoramic
  • Bridge
  • Canyon
  • Mountain
  • Desert
  • Hills
  • Valley

Home Design

  • Contemporary Architecture
  • Additions or Alterations
  • Frame Construction
  • Metal Roof
  • Steel Beams
  • Pre-Cast Concrete Construction

Interior Spaces

  • 12,000 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Propane Fireplace
  • Sliding Doors
  • Formal Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Den
  • Loft
  • Bonus Room
  • Home Gym

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Propane Oven
  • Built-In Range
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Dressing Area
  • Upgraded Bathroom
  • Granite Bathroom Countertops
  • Multiple Shower Heads
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Propane Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Driveway
  • Paved Parking
  • Uncovered Parking
  • RV Potential
  • Unassigned Parking

Accessible Home Design

  • Doors swing in
  • Accessible Parking

Pool

  • In Ground Pool
  • In Ground Spa
  • Gunite Pool
  • Gunite Spa
  • Pool Heated With Propane

Utilities

  • Cooling Available
  • Heating Available
  • Well
  • Propane Water Heater
  • Conventional Septic

Additional Features

  • Concrete Porch or Patio
  • Horse Property Unimproved

Community Details

Overview

  • No Home Owners Association
  • Foothills
  • Mountainous Community

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

120 Acres

Listing Details

  • Assessments: Yes
  • Inclusions: Security system and cameras. Heating and air system in pantry detached are ductless. Mini splits heating system. 1949 Cessna 195 included.
  • Property Attached: No
  • Road Frontage Type: County Road
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Additions/Alterations
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 12000.00 Square Feet
  • Interior Amenities: Bar, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan, Pantry, Two Story Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Wood
  • Accessibility Features: Doors - Swing In, Parking
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar, In Kitchen, Separated
  • Fireplace Features: Family Room, Propane
  • Levels: Two
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 6
  • Price Per Square Foot: 116.67
  • Room Type: All Bedrooms Down, Bonus Room, Den, Dressing Area, Entry, Exercise Room, Family Room, Formal Entry, Kitchen, Laundry, Living Room, Loft, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Two Masters, Walk-In Closet, Walk-In Pantry
  • Spa Features: Gunite, In Ground
  • Bathroom Features: Shower, Dual Shower Heads (or Multiple), Granite Counters, Upgraded, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Bridge(s), Canyon, Desert, Hills, Mountain(s), Panoramic, Valley
  • Fence: No
  • Patio And Porch Features: Concrete
  • Pool Features: Private, Gunite, Heated with Propane, In Ground
  • Pool Private: Yes
  • Roof: Metal
  • Spa: Yes
  • Construction Materials: Concrete, Frame, Steel

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete, RV Potential, Unassigned, Uncovered

Utilities

  • Utilities: Electricity Connected, Propane
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Propane Oven, Propane Range, Propane Cooktop, Propane Water Heater, Refrigerator
  • Electric: Electricity - On Property
  • Laundry Features: Common Area, Individual Room, Inside, Propane Dryer Hookup, Washer Hookup
  • Sewer: Conventional Septic
  • Water Source: Well
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Mountainous, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Back, Desert Front, Horse Property Unimproved, Lot Over 40000 Sqft, Paved, Sprinklers Timer
  • Lot Size Sq Ft: 5227200.00
  • Lot Size Acres: 120.0000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 120.0000 Acres
  • Number Of Units Total: 1

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
Jun 5, 2020
Sold by
Bought by
Current Estimated Value
$2,512,874

Purchase Details

Listed on
Nov 21, 2018
Closed on
Jun 7, 2019
Sold by
Bought by
Seller's Agent
Serina Ortiz-Tomlinson
First Team Real Estate
Buyer's Agent
Craig Ohlson
Rainbow Real Estate
List Price
$2,299,000
Sold Price
$1,400,000
Premium/Discount to List
-$899,000
-39.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%

Purchase Details

Closed on
Jul 10, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 15, 2004
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
$300,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 13, 2001
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
$71,920
Interest Rate
6.39%

Purchase Details

Closed on
Sep 8, 1994
Sold by
Bought by

Purchase Details

Closed on
May 23, 1994
Sold by
Bought by
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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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
$1,400,000 Priority Title
$680,000 None Available
-- First American Title Co
$400,000 First American Title Co
-- First American Title Co
-- --
-- --
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
Previous Owner $300,000
Previous Owner $71,920
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
06/10/2019 06/10/19 Sold $1,400,000 -39.1% $117 / Sq Ft
06/06/2019 06/06/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $2,299,000 0.0% $192 / Sq Ft
01/28/2019 01/28/19 Pending -- -- --
01/18/2019 01/18/19 For Sale $2,299,000 0.0% $192 / Sq Ft
12/20/2018 12/20/18 Pending -- -- --
11/21/2018 11/21/18 For Sale $2,299,000 -- $192 / 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 $15,895 $1,561,721 $823,251 $738,470
2023 $15,647 $1,501,080 $791,284 $709,796
2022 $15,262 $1,471,648 $775,769 $695,879
2021 $14,963 $1,442,793 $760,558 $682,235
2020 $14,810 $1,428,000 $752,760 $675,240
2019 $13,407 $1,285,955 $747,261 $538,694
2018 $13,160 $1,260,741 $732,609 $528,132
2017 $12,930 $1,236,022 $718,245 $517,777
2016 $12,661 $1,211,787 $704,162 $507,625
2015 $7,223 $693,586 $693,586 $0
2014 $7,005 $680,000 $680,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Serina Ortiz-Tomlinson

    Seller's Agent in 2019

    Serina Ortiz-Tomlinson

    First Team Real Estate

    (951) 491-7001

    118 Total Sales

    Serina Ortiz-Tomlinson
    Section Image

  • C

    Buyer's Agent in 2019

    Craig Ohlson

    Rainbow Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW18278071

California Regional Multiple Listing Service (CRMLS)

APN: 918-210-006

California Riverside County Fallbrook 92028

7436 Rainbow Heights Rd, Fallbrook, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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