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Sold for $890,000
    • Listed by: LPT Realty • Frank Cortes • 760-583-8044
    Bought with: Real Broker
    $890,000

    5434 Rainbow Heights Rd, Fallbrook, CA 92028

    3beds
    1,900sqft
    Single Family Residence
    Built in 1989
    2.02 Acres Lot
    $890,100 Zestimate®
    $468/sqft
    $4,102 Estimated rent

    Home value

    $890,100

    $828,000 - $961,000

    $4,102/mo

    Zestimate® history
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    What's special

    Set up appointment to view this home! Perfect opportunity for space, privacy and an awesome house! Enjoy the daily breezes from over 2 acres of your own land conveniently located to 15fwy, Fallbrrok and Temecula! Single story 1900 sq ft 3 bd 3, 3 car garage + carport and xtra storage room. Updated kitchen has walk-in pantry and is open to living room. 2nd master has own full bath and entrance. It is on opposite side of other bedrooms for privacy. Master suite has large walk-in closet, dual sinks, walk-in shower, soaking tub and exit to backyard. Solar makes running the AC affordable! Pens for your animals and large shed for feed and supplies are included. Plenty of room for ADU, toys, workshop and parking. Many mature macadamia nut trees on property require little water. Come see this property today! You'll love it!

    Zillow last checked:

    Listing updated:

    Listed by:

    Frank Cortes DRE #01380173 760-583-8044,

    LPT Realty

    Bought with:

    Deven Ortiz, DRE #02058218

    Real Broker

    Source: CRMLS,MLS#: NDP2606364MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 3
    • Main level bedrooms: 3
    Rooms
    • Room types: Bedroom, Kitchen, Laundry, Living Room, Primary Bedroom, Other, Pantry
    Primary bedroom
    • Features: Multiple Primary Suites
    Primary bedroom
    • Features: Main Level Primary
    Primary bedroom
    • Features: Primary Suite
    Bedroom
    • Features: All Bedrooms Down
    Bathroom
    • Features: Bathtub, Dual Sinks, Granite Counters, Remodeled, Soaking Tub, Walk-In Shower
    Kitchen
    • Features: Granite Counters, Remodeled, Updated Kitchen, Walk-In Pantry
    Other
    • Features: Walk-In Closet(s)
    Pantry
    • Features: Walk-In Pantry
    Cooling
    • Central Air
    Appliances
    • Laundry: Laundry Room
    Features
    • All Bedrooms Down, Main Level Primary, Multiple Primary Suites, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,900 sqft

    Property

    Parking
    • Total spaces: 13
    • Parking features: Garage - Attached
    • Attached garage spaces: 3
    • Uncovered spaces: 10
    Accessibility
    • Accessibility features: No Stairs, Accessible Doors, Accessible Hallway(s)
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Main
    • Pool features: None
    • Has view: Yes
    • View description: Hills
    Lot
    • Size: 2.02 Acres
    • Features: 2-5 Units/Acre, Agricultural, Orchard(s), Trees
    Details
    • Parcel number: 1026307300
    • Zoning: R-1:SINGLE FAM-RES
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Roof: Spanish Tile
    Condition
    • Year built: 1989

    Utilities & green energy

    • Sewer: Septic Tank

    Community & HOA

    Community
    • Features: Foothills, Hiking, Rural
    Location
    • Region: Fallbrook

    Financial & listing details

    • Price per square foot: $468/sqft
    • Tax assessed value: $695,566
    • Date on market: 7/3/2026
    • Cumulative days on market: 39 days
    • Listing terms: Conventional,VA Loan

    Price history

    DateEventPrice
    8/31/2026Sold$890,000-1.7%$468/sqft
    Source: CRMLS #NDP2606364 Report a problem
    8/12/2026Pending sale$905,000$476/sqft
    Source: CRMLS #NDP2606364 Report a problem
    7/17/2026Price change$905,000-1.6%$476/sqft
    Source: CRMLS #NDP2606364 Report a problem
    7/10/2026Price change$920,000-1.6%$484/sqft
    Source: CRMLS #NDP2606364 Report a problem
    7/3/2026Listed for sale$935,000+48.4%$492/sqft
    Source: CRMLS #NDP2606364 Report a problem
    11/23/2020Sold$630,000+0.8%$332/sqft
    Source: Public Record Report a problem
    9/29/2020Pending sale$625,000$329/sqft
    Source: Equity CA Real Estate #NDP2000067 Report a problem
    9/23/2020Listed for sale$625,000+33.3%$329/sqft
    Source: Equity CA Real Estate #NDP2000067 Report a problem
    11/17/2015Sold$469,000$247/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $695,566 +2%
    2025$5,324 +1.2%$681,928 +2%
    2024$5,263 +1.4%$668,558 +2%
    2023$5,191 -0.2%$655,450 +2%
    2022$5,201 +2.8%$642,599 +2%
    2021$5,060 -6.3%$630,000 +24.1%
    2020$5,398 +3.4%$507,658 +2%
    2019$5,220 +0.2%$497,705 +2%
    2018$5,208 +2%$487,947 +2%
    2017$5,105 +6.6%$478,380 +6.3%
    2016$4,787 +0.1%$450,000
    2015$4,784 +9.9%$450,000 +9.8%
    2014$4,355 $410,000 +19.2%
    2013-- $344,000
    2012-- $344,000 -11.8%
    2011-- $390,000 -2.5%
    2010-- $400,000 -11.1%
    2009-- $450,000 +147.5%
    2008-- $181,794 +2%
    2007-- $178,230 +2%
    2006-- $174,736 +2%
    2005-- $171,310 +2%
    2004-- $167,952 +1.9%
    2003-- $164,875 +2%
    2002-- $161,644 +2%
    2001-- $158,476
    Find assessor info on the county website

    Neighborhood: 92028

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    Estimated market value
    $890,100
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    Estimated market value
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