See Home Value
Rainbow 92028
5534 Rainbow Heights Road
$400,000
● House - Off Market

5534 Rainbow Heights Road

Fallbrook, CA 92028
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,796 Ft²
$826,834
RealtyHop Estimate
92.74%
Since Mar 1, 2014
National-US
Primary Model

About This Property

Incredible views. Looking for something very special where you can be above the world and just sit back and enjoy life? Look no further... Home features wood floors, wood ceilings, Large country kitchen with center island and loads of country charm. An abundance of decks to enjoy the views. Detached garage with extra rooms plus large upstairs bonus room/office. Spa, room to add more bedrooms, mature landscaping, barn with work shop, r.v. parking space and room to enjoy life! Neighborhoods: Rainbow Heights Equipment: Pool/Spa/Equipment, Range/Oven Other Fees: 0 Sewer:  Septic Installed Topography: LL,GSL,SSLP
Unit Size
1,796 Ft²
Days on Market
148 days
Land Size
2.58 acres
Price per sqft
$239
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1978

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (SDMLS #130053080)

Price History

Date / Event Date Event Price
Aug 30, 2024 Sold
Sold
Jun 27, 2024 Listed by Professional Realty Services $1,089,000
Listed by Professional Realty Services
Welcome to your dream home, a paradise that feels like a perpetual vacation! This enchanting compound is connected by charming pathways, bridges, and breezeways, all nestled amidst quaint gardens and romantic seating areas with lush, mature landscaping and pontoon lighting. Enjoy outstanding, unobstructed forever views that showcase stunning sunsets and even a glimpse of the ocean on a clear day. Experience tranquility and privacy, while being a mere 5-minutes from the 1-15 Freeway, and approximately 15-minutes to Old Town Temecula or Downtown Fallbrook. The 2-bedroom, 2-bathroom main house exudes rustic charm with beamed ceilings, wood flooring, and a brick wood-burning fireplace. Updated throughout with fresh paint, newly installed 4-inch baseboards, solid wood interior doors, and sliding barn doors. The roomy eat-in kitchen boasts vaulted ceilings, custom cabinetry, an oversized Cherry woodblock island, quartz countertops, and stainless-steel appliances. Six skylights throughout make the home bright and airy with views from nearly every window. Step out the Dutch door to a covered path leading to a separate office or studio, and just steps away is an updated laundry room. A beautiful fenced and hedged terraced garden with rock walls, tile inlays, raised garden beds, and a chicken coop separates the main house from a detached 815 SF, 1-bedroom, 1-bathroom casita with a full-sized kitchen and bathroom. Above the casita is a 250 SF bonus room offering endless possibilities for a man cave, game room, and more. Two garage spaces and a large storage room or workshop provide ample space for parking and equipment. Enjoy the breathtaking views from multiple vantage points throughout the property, including the multi-level Trex deck, courtyard, gazebo, and two expansive decks off the main house. Numerous updates include a newer roof, new electric panel, tankless water heaters, updated deck railing, and more! This life-sized magical woodland is situated on a private road atop 2.56 acres with fruit trees including macadamia nut, apple, plum, lime, lemon, orange, apricot, kumquat, avocado, pomegranate, and blackberries.
Feb 28, 2014 Sold
Sold
Oct 3, 2013 Listed by RE/MAX United $429,000
Listed by RE/MAX United

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 3
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8
  • Location Influence Type: 224

    Dimensions

  • Lot Size Square Feet: 112,385
  • Total Building Area: 1,556
  • Building Area: 1,556
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,556
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBINSONS SUBDIVISION
  • Land Acres: 0000002580
  • Standard Land Use Code: 1001
  • County Land Use Code: 11
  • Legal Description 1: PAR 4 (EX ST) TR PM04051

Neighborhood

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

Zoning

  • Zoning: A70

Geography

  • Assessors Map Reference: PM04051
  • Subdivision Tract Number: 4051
  • Parcel: 102-630-67-00
  • Municipality: VALLECITOS
  • Latitude: 33.4076
  • Longitude: -117.141

    Address

  • Full Address: 5534 Rainbow Heights Rd
  • Address - House Number: 5534
  • 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: $900,134
  • Tax Rate Code Area: 93-011

    Appraisal Valuation

  • Standard Deviation: 0.1522
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 81
  • Final Value: 1,029,340
  • High Value: 1,186,052
  • Low Value: 872,628

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $867,000
  • Assessed Land Value: $510,000
  • Assessed Improvements Value: $357,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jul 12, 2021
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2021-0497575
  • Previous Sale Recording Date: Apr 20, 2015
  • Previous Sale Contract Date: Mar 20, 2015
  • Previous Sale Amount: $405,000
  • 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

Unit for rent at 1239 Rainbow Valley Boulevard, FALLBROOK, CA, 92028

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,817 ft²
1239 Rainbow Valley Boulevard, FALLBROOK, CA, 92028 Listing by Mary Beth Buckles


Frequently Asked Questions

When was property at 5534 Rainbow Heights Road built and last sold?
The property at 5534 Rainbow Heights Road was built in 1978 and last sold on Jun 30, 2021 for $850,000.
How much is this home worth?
The estimated value of the home located at 5534 Rainbow Heights Road is $1,050,121.
What are some comparable homes to 5534 Rainbow Heights Road?
There are currently no comparable homes to 5534 Rainbow Heights Road.