See Home Value
Riverside 92592
7436 Rainbow Heights Road
$1,400,000
● House - Off Market

7436 Rainbow Heights Road

Fallbrook, CA 92028
bedrooms
6 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
12,000 Ft²
$3,379,532
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Welcome to paradise! Absolutely stunning, private gated Estate built in 2016. 120 gorgeous acres featuring a seasonal creek and commercial grade slope drainage. Boasts appx 12,000 SF w/ 6 generous size BR & 5.5 baths all with custom showers. All BR & living quarters are downstairs. Attached Casita w/its own BR. Living quarters w/complete kitchen, 2 custom master BR's, 25 ft ceilings, theater room/gym, rich wood bamboo floors, custom painted w/smooth walls, ceiling fans, neutral carpet, cozy propane fireplace & 11 ductless mini splits air/heat unit sys. Classy granite & stone throughout home. Gas to entire property is propane. Well w/ 4 - 5,000 gal holding tanks. Full water filtration system. Custom cooks kitchen w/ granite, SS appliances, built-in fridge, custom lighting & walk-in pantry. Upstairs has a huge bonus room & real 1949 Cesna plane used as a central art piece perched above the great rm. Parking lot holds approx 100 cars. Beautiful in-ground pool/spa heated with propane. This property has held appx 50 weddings over a 1 year period but would need to complete the conditional use permit for future weddings.The property is being sold as a residence w/land, not a wedding venue. Full propane powered auto switch back up generator. Huge detached metal storage unit to remain. Note: showing a Fallbrook address but located in Riverside County. **APN: 918-210-006**
Unit Size
12,000 Ft²
Days on Market
201 days
Land Size
120.00 acres
Price per sqft
$192
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2016

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Last updated: 5 months ago (CRMLS #SW18278071)

Price History

Date / Event Date Event Price
Jun 10, 2019 Sold
Sold
Nov 21, 2018 Listed by Rancon Real Estate $2,299,000
Listed by Rancon Real Estate

Property Highlights

Fireplace
With View

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 1
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 17
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,227,200
  • Total Building Area: 12,000
  • Gross Building Area: 12,000
  • Building Area: 12,000
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 12,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Land Acres: 0000120000
  • Standard Land Use Code: 7000
  • County Land Use Code: A21R
  • State Land Use Code: Y03
  • Legal Description 1: 120.00 ACRES IN POR SW 1/4 OF SEC 32 T8S R2W FOR TOTAL DESCRIPTION SEE ASSESSORS MAPS

Neighborhood

  • School District Name: Temecula Valley Unified School District
  • Census Tract: 019002

Zoning

  • Zoning: RR

Geography

  • Parcel: 918-210-006
  • Meridian: SEC 32 TWN 08S RNG 02W
  • Municipality: TEMECULA VALLEY
  • Latitude: 33.4338
  • Longitude: -117.116

    Address

  • Full Address: 7436 Rainbow Heights Rd
  • Address - House Number: 7436
  • Address - Street Name: Rainbow Heights
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Fallbrook
  • Carrier Code: R002
  • 4-Digit Zip Code: 9332
  • Zip Code: 92028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,556,754
  • Tax Rate Code Area: 094-001

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,501,080
  • Assessed Land Value: $791,284
  • Assessed Improvements Value: $709,796

    Sales

  • Current Sale Contract Date: Jun 07, 2019
  • Current Sale Recording Date: Jun 10, 2019
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2019-0208301
  • Previous Sale Recording Date: Aug 26, 2013
  • Previous Sale Contract Date: Jul 10, 2013
  • Previous Sale Amount: $680,000
  • 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 Riverside


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Frequently Asked Questions

When was property at 7436 Rainbow Heights Road built and last sold?
The property at 7436 Rainbow Heights Road was built in 2016 and last sold on Jun 7, 2019 for $1,400,000.
How much is this home worth?
The estimated value of the home located at 7436 Rainbow Heights Road is $2,250,486.
What are some comparable homes to 7436 Rainbow Heights Road?
There are currently no comparable homes to 7436 Rainbow Heights Road.