Skip main navigation
Sold for $650,000
    • Listed by: Daniel Team Realty • AJ Maloney • Contact: aj@danielteamrealty.com
    Bought with: Cali Real Estate Professionals
    $650,000

    5505 Rainbow Heights Rd, Fallbrook, CA 92028

    3beds
    1,400sqft
    Single Family Residence
    Built in 1979
    1.53 Acres Lot
    $651,600 Zestimate®
    $464/sqft
    $3,021 Estimated rent

    Home value

    $651,600

    $619,000 - $684,000

    $3,021/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $3,021/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $3,021/mo

    Rent Zestimate®

    Refinance and save

    $4,248/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $4,248/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    INVESTOR'S DREAM on over 1.5 acres in highly sought-after Rainbow! Available for the first time ever, this 3 bedroom/2 bathroom home sits tucked away on a rare, expansive lot with beautiful mountain views! The detached barn offers generous storage for vehicles or equipment, with a huge upstairs space that presents ADU potential for passive income. Set in the quiet, rural charm of Rainbow, this lot offers plenty of flat land, leaving room for RV parking, animals, storage, or whatever the vision calls for! Located in the Fallbrook Union School District for High School (and Vallecitos School district for Elementary) and just a few miles off the 15 freeway, the property balances privacy with easy access. Opportunities like this rarely come to market. Unincorporated San Diego County!

    Zillow last checked:

    Listing updated:

    Listed by:

    AJ Maloney DRE #02078295 aj@danielteamrealty.com,

    Daniel Team Realty,

    Daniel Maloney DRE #00744558 760-533-8326,

    Daniel Team Realty

    Bought with:

    Henry Valdez, DRE #01323339

    Cali Real Estate Professionals

    Source: CRMLS,MLS#: NDP2607141MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Rooms
    • Room types: Bedroom, Kitchen, Living Room
    Bedroom
    • Features: Bedroom on Main Level
    Cooling
    • None
    Appliances
    • Included: Electric Range, Refrigerator, Dryer, Washer
    • Laundry: Outside
    Features
    • Bedroom on Main Level
    • Flooring: Carpet, Laminate
    • Has fireplace: Yes
    • Fireplace features: Dining Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,400 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Front Door
    • Pool features: None
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 1.53 Acres
    • Features: Agricultural
    Details
    • Parcel number: 1026306900
    • Zoning: SR-4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1979

    Utilities & green energy

    • Sewer: Septic Tank

    Community & HOA

    Community
    • Features: Rural
    Location
    • Region: Fallbrook

    Financial & listing details

    • Price per square foot: $464/sqft
    • Tax assessed value: $284,933
    • Date on market: 7/29/2026
    • Cumulative days on market: 11 days
    • Listing terms: Cash,Conventional,FHA 203(k)

    Price history

    DateEventPrice
    9/1/2026Sold$650,000$464/sqft
    Source: CRMLS #NDP2607141 Report a problem
    8/12/2026Pending sale$650,000$464/sqft
    Source: CRMLS #NDP2607141 Report a problem
    7/29/2026Listed for sale$650,000$464/sqft
    Source: CRMLS #NDP2607141 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $284,933 +32%
    2025$2,290 +1.2%$215,932 +2%
    2024$2,263 +2.5%$211,699 +2%
    2023$2,208 +1.4%$207,549 +2%
    2022$2,177 +2.7%$203,480 +2%
    2021$2,121 -0.4%$199,491 +1%
    2020$2,130 +4.9%$197,447 +2%
    2019$2,030 -1.2%$193,577 +2%
    2018$2,056 +2%$189,783 +2%
    2017$2,015 +2.4%$186,062 +2%
    2016$1,968 +1.5%$182,414 +1.5%
    2015$1,938 +2.2%$179,675 +2%
    2014$1,897 $176,157 +0.5%
    2013-- $175,362 +2%
    2012-- $171,924 +2%
    2011-- $168,554 +0.8%
    2010-- $167,295 -0.2%
    2009-- $167,693 +2%
    2008-- $164,406
    Find assessor info on the county website

    Neighborhood: 92028

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Vallecitos

    Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $651,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $651,600

    Nearby cities

    Nearby zip codes

    Other Fallbrook Topics

      Search
      Updates
      Favorites
      Plan
      Inbox