See Home Value
North Tustin 92705
1532 Rainbow Dr.
$1,300,000
● House - Off Market

1532 Rainbow Dr.

North Tustin, CA 92705
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,473 Ft²
$6,506
Est. Monthly

About This Property

Welcome to 1532 Rainbow Drive, ideally situated in one of the most sought-after neighborhoods in North Tustin. Tucked away on a quiet cul-de-sac, this exceptional property offers privacy, space, and incredible potential on one of the largest parcels in the community - boasting the second biggest lot in the entire neighborhood at an expansive 15,380 square feet. This 3-bedroom, 2-bathroom home features a spacious open floor plan designed for comfortable living and effortless entertaining. The kitchen flows seamlessly into the living room, creating a bright and inviting gathering space centered around a charming whitewashed brick fireplace. A large island with brand-new quartz countertops anchors the kitchen, offering both style and functionality. Freshly updated with brand-new interior and exterior paint, the home feels crisp, modern, and move-in ready. An added bonus is the rear addition, which includes an additional bedroom and bathroom not included in the square footage - ideal for guests, extended family, or a private office space. The primary suite is a peaceful retreat, highlighted by elegant French doors that open directly to the backyard. Step outside to your own private oasis featuring a sparkling pool, perfect for relaxing afternoons or entertaining family and friends. With its expansive lot size, cul-de-sac location, and desirable setting, this property offers a rare opportunity to own one of the premier homes in the neighborhood. Located near Award Winning Tustin Unified Schools.
Unit Size
1,473 Ft²
Days on Market
69 days
Land Size
0.35 acres
Price per sqft
$900
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1957

Payment Calculator

Cap Rate Calculator

Last updated: 6 months ago (CRMLS #PW26037324)

Price History

Date / Event Date Event Price
Apr 29, 2026 Sold
Sold
Apr 12, 2026 In contract -
In contract
Apr 6, 2026 Price Decreased $1,325,000
↓ $25K (1.9%)
Price Decreased
Mar 28, 2026 Relisted $1,350,000
Relisted
Mar 25, 2026 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 454
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 15,380
  • Total Building Area: 1,473
  • Gross Building Area: 1,473
  • Building Area: 1,473
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 1,473
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRACT 3131
  • Land Acres: 0000000353
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: N TR 3131 BLK LOT 8

Neighborhood

  • School District Name: Tustin Unified School District
  • Census Tract: 075603

Geography

  • Assessors Map Reference: 24-B2
  • Subdivision Tract Number: 3131
  • Parcel: 103-412-19
  • Lot: 8
  • Latitude: 33.7465
  • Longitude: -117.802

    Address

  • Full Address: 1532 Rainbow Dr
  • Address - House Number: 1532
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Santa Ana
  • Carrier Code: C009
  • 4-Digit Zip Code: 3430
  • Zip Code: 92705

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $575,772
  • Tax Rate Code Area: 89-062

    Appraisal Valuation

  • Standard Deviation: 0.1855
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 75
  • Final Value: 1,075,816
  • High Value: 1,275,396
  • Low Value: 876,235

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $495,097
  • Assessed Land Value: $381,871
  • Assessed Improvements Value: $113,226

    Sales

  • Current Sale Contract Date: Jan 30, 2009
  • Current Sale Recording Date: Mar 06, 2009
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2009000105393
  • Previous Sale Recording Date: Jun 10, 2008
  • Previous Sale Contract Date: Jun 06, 2008
  • Previous Sale Amount: $442,000
  • Previous Sale Document Type: 69
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 North Tustin


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2960 Champion Way, TUSTIN, CA, 92782

$2,800 /mo

  • 1 Bed
  • 1 Bath
  • 787 ft²
2960 Champion Way #1307, TUSTIN, CA, 92782 Listing by Karen Kehetian
Unit for rent at 2940 Hogan Place, TUSTIN, CA, 92782

$4,495 /mo

  • 3 Beds
  • 3 Baths
  • 1,351 ft²
2940 Hogan Place, TUSTIN, CA, 92782 Listing by Regina Chung
Unit for rent at 13381 Presidio Place, TUSTIN, CA, 92782

$6,550 /mo

  • 5 Beds
  • 3 Baths
  • 2,888 ft²
13381 Presidio Place, TUSTIN, CA, 92782 Listing by Jesse Blanchet


Frequently Asked Questions

When was property at 1532 Rainbow Drive built and last sold?
The property at 1532 Rainbow Drive was built in 1957 and last sold on Jan 30, 2009 for $400,000.
How much is this home worth?
The estimated value of the home located at 1532 Rainbow Drive is $0.
What are some comparable homes to 1532 Rainbow Drive?
There are currently no comparable homes to 1532 Rainbow Drive.