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5534 Rainbow Heights Road

5534 Rainbow Heights Road, Fallbrook, CA 92028
Property in San Diego
Sold Jul 12, 2021
$850,000
$350,000 by United Wholesale Mortgage
Mortgage Due Aug 01, 2051
Sold Apr 20, 2015
$405,000
$324,000 by Caliber Home Loans Inc
Mortgage Due May 01, 2045
5534 Rainbow Heights Road in Fallbrook, CA was first built in 1978 and is 46 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 5534 Rainbow Heights Road has 1,556 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 112,385 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. For those who need parking, there is a carport. There are a total of 2 available parking spaces. The property was last sold in Jun 30, 2021 for $850,000. That's $546.27 per sqft. Prior to that sales transaction, the property was also sold in Mar 20, 2015 for $405,000. 5534 Rainbow Heights Road was last assessed in 2023. The total value of the property was assessed at $867,000. Specifically, the land the property is located on was valued at $510,000. While improvements on the property were assessed at a total of $357,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $9,001. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

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
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

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

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROBINSONS SUBDIVISION
  • Land Acres: 2.58
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: PAR 4 (EX ST) TR PM04051

Ownership

  • Current Owner : SHAFFER PETER V
  • Current Owner 2: SHAFFER JENNIFER N
  • Previous Owner : LINDKVIST ROBERT
  • Previous Owner 2: LINDKVIST ROJANE
  • Owner Before Previous Owner: HANKS MARY C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

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: $9,001
  • 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

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $350,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Jul 12, 2021
  • First Open Lien Mortgage Loan Amount: $350,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    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 Transaction ID: 11842346561
  • Current Sale Price: $850,000
  • Current Sale Document Type: Grant Deed
  • 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: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Jul 12, 2021
  • First Mortgage Loan Amount: $350,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CALIBER HOME LOANS INC
  • Previous Mortgage Transaction Date: Apr 20, 2015
  • Previous Mortgage Loan Amount: $324,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2045

About Rainbow



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Frequently Asked Questions

What neighborhood is 5534 Rainbow Heights Road located in?
The 5534 Rainbow Heights Road is a located in the neighborhood of San Diego in Rainbow, Fallbrook.
What is the average sales price for listings in 5534 Rainbow Heights Road?
The average sales price for units in 5534 Rainbow Heights Road is $0 currently.

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