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5532 Rainbow Heights Rd, Fallbrook, CA 92028
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5532 Rainbow Heights Rd Fallbrook, CA 92028

$649,999
  • 3 Beds
  • 3.5 Baths
  • 2,000 Sq.Ft.
Pending
$649,999 Get Pre-Qualified
Map preview of 5532 Rainbow Heights Rd, Fallbrook, CA 92028

Property Overview: 5532 Rainbow Heights Rd Fallbrook, CA has 3 bedrooms, 3.5 bathrooms, 2,000 living square feet and 86,248 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Opportunity knocks with this two on one with panoramic views. Almost 2 full acres and fully fenced, there is plenty of room for your imagination. This fixer requires cash or a motivated 203k buyer – get a rehab loan and construct this home the way you want! This is a huge opportunity for someone to live in one home and rent out the other, alleviating some of the cost of ownership. The main home is two stories. The entrance features a generous living space with open concept kitchen, living room, dining area, and a half bath. Downstairs offers dual primary suites with attached bathrooms. Both levels offer incredible views. Balconies need full remodel, which should be covered through a rehab loan. Right next door is another two-story home. Enjoy the floor plan as-is or you could turn this into a 2 bedroom it’s up to you.

Listed by Ronald Brookshire | BRE #01050798 | The Property Place
Last checked: 12 minutes ago | Last updated: April 18th, 2024 | Source CRMLS | DOM: 17
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Home details

Lot Sq. Ft
86,248
HOA Dues
$0/mo
Year built
1972
Garage
--
Property Type:
Single Family Home
Status
Pending
MLS#
PTP2401702
City
Fallbrook
County
San Diego
Time on Site
31 days

Open Houses for 5532 Rainbow Heights Rd

No upcoming open houses

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Property Details for 5532 Rainbow Heights Rd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Downstairs Bedrooms: 0
  • Downstairs Bathrooms: 1
  • Family Room, Laundry, Living Room, See Remarks
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas & Electric Range, Refrigerator
Bathroom Information
  • # of Baths (Full): 3
  • # of Baths (1/2): 1
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Fence
  • No Spa
  • No Sprinklers
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • No
  • No Attached Garage
Lot Information
  • Lot Features: Agricultural, Sloped Down, Lot Over 40000 Sqft, Irregular Lot, Yard
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Meadow, Mountain(s), Panoramic
  • Common Walls: No Common Walls
  • Parcel Number: 1026306200
  • Year Built Source: Assessor
  • Entry Level: 2
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
  • Assessments: None, Unknown
Schools
School Information
  • High School District: Fallbrook Union
Location / Neighborhood
Location Information
  • Directions: Rainbow Heights Rd
Neighborhood Information
  • Community Features: Rural
View more facts & features

Local Fallbrook Agent

Sale History for 5532 Rainbow Heights Rd

Last sold for $513,500 on November 4th, 2005

  • April, 2024

  • Apr 3, 2024

    Date

    Pending

    CRMLS: PTP2401702

    $649,999

    Price

  • Mar 27, 2024

    Date

    Active

    CRMLS: PTP2401702

    $649,999

    Price

  • November, 2005

  • Nov 4, 2005

    Date

    Sold (Public Records)

    Public Records

    $513,500

    Price

  • December, 2004

  • Dec 23, 2004

    Date

    Sold (Public Records)

    Public Records

    $395,000

    Price

Show More

Tax History for 5532 Rainbow Heights Rd

Assessed Value (2020): $520,000
Year Land Value Improved Value Assessed Value
2020 $287,000 $233,000 $520,000

Home Value Compared to the Market

This property vs the competition

5532 Rainbow Heights Rd is listed 34.94% lower than the median list price for the city of Fallbrook which has a median list price of $999,000. The median price per/sqft for Fallbrook is $425 and this home is listed at $325 per/sqft which puts the price per square foot 23.53% lower than the median price per square foot for the city of Fallbrook.

About 5532 Rainbow Heights Rd

Detailed summary of property

5532 Rainbow Heights Rd is a single family home located in Fallbrook, CA 92028 and is currently in escrow to be sold. This house offers 3 bedrooms, 3.5 bathrooms, roughly 2,000 living square feet, and sits on an approximately 86,248 square foot lot. 5532 Rainbow Heights Rd was first listed on ArdentRealEstateGroup.com on March 27, 2024. The homeowner is currently asking $649,999. The median priced home in Fallbrook is $999,000 with a median price per square foot of $425. Based on Ardent Real Estate Group's Fallbrook Market Data, this home is listed 34.94% lower than the median priced home. Local competing homes currently for sale include 24190 Evesong Dr, 24194 Hillcrest Dr and 24098 Ardell Court. While the average home in Fallbrook, CA is selling in 77 days, 5532 Rainbow Heights Rd has a days on market of 17 days. There are currently 180 homes for sale in the Fallbrook real estate market and 169 of them are single family homes while 9 of them are condos and 2 are townhomes. For more information on this home for sale at 5532 Rainbow Heights Rd Fallbrook, CA 92028 contact Ardent Real Estate Group and we will put you in touch with one of our Fallbrook agents.

Public Facts for 5532 Rainbow Heights Rd

Public county record property details
Beds
5
Baths
2
Year built
1972
Sq. Ft.
1,744
Lot Size
86,248
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
San Diego
Lot#
--
APN
102-630-62-00

The source for these homes facts are from public records.

92028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$425
Median Sold Price
$960,000
Median Sold Price/Sq.Ft.
$426
Total Inventory
180
Median Sale to List Price %
96.48%
Avg Days on Market
42
Loan Type
Conventional (51.22%), FHA (4.88%), VA (9.76%), Cash (21.95%), Other (12.2%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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