See Home Value
North Tustin 92705
1551 Rainbow Drive
$1,600,000
● House - Off Market

1551 Rainbow Drive

North Tustin, CA 92705
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,274 Ft²
$7,852
Est. Monthly

About This Property

Welcome to this polished home in the highly desirable Brittany Woods neighborhood, completely rebuilt from the ground up in 2009! With timeless East Coast inspired curb appeal and thoughtfully designed interiors, this 2,274 sq. ft. home sits on an expansive 10,000+ sq. ft. lot. Inside, you'll find higher ceilings, hardwood floors, a bright and inviting breakfast nook, the all to rare laundry room and spacious living areas designed for comfort and style. The home offers three generous bedrooms, including a special primary suite replete with fireplace, a generous walk-in closet and a beautifully appointed bathroom featuring a jacuzzi tub. Ample storage space throughout and an oversized backyard make this property as functional as it is beautiful-perfect for relaxing, entertaining, or enjoying outdoor living. Families will appreciate its location within the highly acclaimed Tustin Unified School District, known for academic excellence and strong community support. This home is zoned for Red Hill Elementary (10/10 GreatSchools rating). With convenient access to major freeways, shopping centers, parks and dining, this rare find offers an unbeatable combination of location, comfort, and timeless style in one of Tustin's most sought-after neighborhoods.
Unit Size
2,274 Ft²
Days on Market
50 days
Land Size
0.23 acres
Price per sqft
$703
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2009

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Last updated: 2 years ago (CRMLS #NP25079796)

Price History

Date / Event Date Event Price
Jun 25, 2025 Sold
Sold
Jun 8, 2025 In contract -
In contract
May 31, 2025 Price Decreased $1,599,000
↓ $96K (5.7%)
Price Decreased
May 17, 2025 Price Decreased $1,695,000
↓ $155K (8.4%)
Price Decreased
Apr 10, 2025 Listed by Sur West Homes $1,850,000
Listed by Sur West Homes

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 4
  • 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: 460
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,160
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 2,274
  • Gross Building Area: 2,274
  • Building Area: 2,274
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 2,274
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000233
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: N TR 3131 BLK LOT 5

Neighborhood

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

Geography

  • Assessors Map Reference: 24-B2
  • Subdivision Tract Number: 3131
  • Parcel: 103-413-02
  • Lot: 5
  • Latitude: 33.7467
  • Longitude: -117.801

    Address

  • Full Address: 1551 Rainbow Dr
  • Address - House Number: 1551
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Santa Ana
  • Carrier Code: C009
  • 4-Digit Zip Code: 3434
  • Zip Code: 92705

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,098,288
  • Tax Rate Code Area: 89-062

    Appraisal Valuation

  • Standard Deviation: 0.2054
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 72
  • Final Value: 1,540,201
  • High Value: 1,856,587
  • Low Value: 1,223,816

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $994,079
  • Assessed Land Value: $676,200
  • Assessed Improvements Value: $317,879

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 23, 2004
  • Current Sale Recording Date: Jan 18, 2005
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2005000040141
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


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Frequently Asked Questions

When was property at 1551 Rainbow Drive built and last sold?
The property at 1551 Rainbow Drive was built in 2009 and last sold on Dec 23, 2004 for $574,000.
How much is this home worth?
The estimated value of the home located at 1551 Rainbow Drive is $0.
What are some comparable homes to 1551 Rainbow Drive?
There are currently no comparable homes to 1551 Rainbow Drive.