See Home Value
Rainbow 92028
5505 Rainbow Heights Road
$650,000
● House - Off Market

5505 Rainbow Heights Road

Fallbrook, CA 92028
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$3,192
Est. Monthly

About This Property

INVESTOR'S DREAM on over 1.5 acres in highly sought-after Rainbow! Available for the first time ever, this 3 bedroom/2 bathroom home sits tucked away on a rare, expansive lot with beautiful mountain views! The detached barn offers generous storage for vehicles or equipment, with a huge upstairs space that presents ADU potential for passive income. Set in the quiet, rural charm of Rainbow, this lot offers plenty of flat land, leaving room for RV parking, animals, storage, or whatever the vision calls for! Located in the Fallbrook Union School District for High School (and Vallecitos School district for Elementary) and just a few miles off the 15 freeway, the property balances privacy with easy access. Opportunities like this rarely come to market. Unincorporated San Diego County!
Unit Size
1,400 Ft²
Days on Market
34 days
Land Size
1.53 acres
Price per sqft
$464
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1979

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Last updated: 2 months ago (SDMLS #NDP2607141)

Price History

Date / Event Date Event Price
Sep 1, 2026 Sold
Sold
Aug 13, 2026 In contract -
In contract
Jul 29, 2026 Listed by Daniel Team Realty $650,000
Listed by Daniel Team Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 224

    Dimensions

  • Lot Size Square Feet: 66,647
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001530
  • Standard Land Use Code: 1001
  • County Land Use Code: 11
  • Legal Description 1: PAR 1 (EX ST) TR PM06959

Neighborhood

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

Zoning

  • Zoning: A70

Geography

  • Assessors Map Reference: PM06959
  • Subdivision Tract Number: 6959
  • Parcel: 102-630-69-00
  • Municipality: VALLECITOS
  • Latitude: 33.4083
  • Longitude: -117.142

    Address

  • Full Address: 5505 Rainbow Heights Rd
  • Address - House Number: 5505
  • Address - Street Name: Rainbow Heights
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Fallbrook
  • Carrier Code: R002
  • 4-Digit Zip Code: 8842
  • Zip Code: 92028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $220,790
  • Tax Rate Code Area: 93-005

    Appraisal Valuation

  • Standard Deviation: 0.2057
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 72
  • Final Value: 740,193
  • High Value: 892,504
  • Low Value: 587,881

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $207,549
  • Assessed Land Value: $127,727
  • Assessed Improvements Value: $79,822
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


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Frequently Asked Questions

When was property at 5505 Rainbow Heights Road built and last sold?
The property at 5505 Rainbow Heights Road was built in 1979 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5505 Rainbow Heights Road is $650,336.
What are some comparable homes to 5505 Rainbow Heights Road?
There are currently no comparable homes to 5505 Rainbow Heights Road.