See Home Value
Rainbow 92028
1029 Rainbow Valley Ct
$545,000
● House - Off Market

1029 Rainbow Valley Ct

Fallbrook, CA 92028
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,792 Ft²
$888,607
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

A beautiful mountain & valley view from this home will steal your heart. If privacy is what you desire without being too far off the freeway, you've found the place!  You'll enjoy an easy living floor plan in turn-key condition w/updated kitchen, dining & baths. Big bay windows let the outside in. Granite counters, dbl ovens & a roomy pantry make the kitchen a delight. Additional 2-car gar/workshop you will love. 2 patio areas, one with a hot tub, the other with a fabulous view. See supplemental remarks. Neighborhoods: Rainbow Equipment: Garage Door Opener,Pool/Spa/Equipment, Range/Oven Other Fees: 0 Sewer:  Septic Installed Topography: ,GSL,SSLP
Unit Size
1,792 Ft²
Days on Market
35 days
Land Size
2.00 acres
Price per sqft
$304
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1962

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (SDMLS #170011504)

Price History

Date / Event Date Event Price
Dec 3, 2025 Sold
Sold
Nov 5, 2025 In contract -
In contract
Oct 20, 2025 Listed by eXp Realty of California, Inc. $1,100,000
Listed by eXp Realty of California, Inc.
Welcome to your new home, a beautifully renovated 4-bedroom, 3-bathroom retreat nestled in the tranquil hills of Rainbow, Fallbrook. Set on nearly 2 acres of panoramic beauty, this home combines modern elegance with the peaceful charm of country living. Step inside to discover an open-concept layout filled with natural light and sweeping views from every angle. The expansive living area flows seamlessly into the dining space and a chef-inspired kitchen, complete with stainless steel appliances, abundant cabinetry, hidden pantry and generous counter space — all framed by La Cantina–style doors that open to stunning outdoor vistas and the attached deck. The primary suite is a private oasis featuring a spa-like en-suite bathroom with a soaking tub and an oversized walk-in shower. Every bathroom throughout the home showcases contemporary finishes and thoughtful design. Enjoy the convenience of two laundry areas, two garages (one attached and one detached), and ample parking and storage — perfect for hobbies, guests, or multi-generational living. Your pets will love it here too — the property is pet-friendly with fencing and plenty of space to roam. Whether you’re unwinding on the balcony with panoramic views, hosting under the stars, or simply soaking in the peaceful views, this property offers the ideal blend of modern comfort and rural tranquility.
Nov 29, 2019 No longer available -
No longer available
Nov 7, 2019 Price Decreased $575,000
↓ $10K (1.7%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 85,813
  • Total Building Area: 1,792
  • Building Area: 1,792
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,792
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001970
  • Standard Land Use Code: 1001
  • County Land Use Code: 11
  • Legal Description 1: SEC 11-9-3W SEQ 1.97 AC M/L IN SWQ OF

Neighborhood

  • School District Name: Vallecitos Elementary School District
  • School Tax School District: FALLBROOK UNION
  • Census Tract: 019002

Zoning

  • Zoning: RR

Geography

  • Assessors Map Reference: 400-C2
  • Parcel: 102-660-15-00
  • Meridian: SEC 11 TWN 09 RNG 03W
  • Municipality: VALLECITOS
  • Latitude: 33.403
  • Longitude: -117.164

    Address

  • Full Address: 1029 Rainbow Valley Ct
  • Address - House Number: 1029
  • Address - Street Name: Rainbow Valley
  • Address - Suffix Type: Ct
  • State: CA
  • City Name: Fallbrook
  • Carrier Code: R002
  • 4-Digit Zip Code: 8292
  • Zip Code: 92028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $714,542
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 93-005

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 81
  • Final Value: 878,492
  • High Value: 1,012,996
  • Low Value: 743,987

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $683,399
  • Assessed Land Value: $359,684
  • Assessed Improvements Value: $323,715

    Sales

  • Current Sale Contract Date: Jan 30, 2023
  • Current Sale Recording Date: Mar 09, 2023
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 60682
  • Previous Sale Recording Date: Feb 23, 2022
  • Previous Sale Contract Date: Feb 11, 2022
  • Previous Sale Amount: $670,000
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rainbow


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 1029 Rainbow Valley Court built and last sold?
The property at 1029 Rainbow Valley Court was built in 1962 and last sold on Jan 30, 2023 for $900,000.
How much is this home worth?
The estimated value of the home located at 1029 Rainbow Valley Court is $1,093,173.
What are some comparable homes to 1029 Rainbow Valley Court?
There are currently no comparable homes to 1029 Rainbow Valley Court.