Unique property on a flat, all usable 2.69 acres in the middle of Rainbow. Property is all fenced, with gated entrance off 5th street. Main home is a single story home and consists of 3BR, 2BA with a large family room with fireplace, "sun room" with an additional fireplace and another large living room with skylight. There is tile and carpet throughout home as flooring. Two bedrooms have walk-in closet. An additional skylight in master BA. Lots of storage with pantry, coat closets and linen closets. Laundry in a separate room with sink. Freestanding 3 car garage with large workshop on the side. Garage has an upstairs loft which could be turned into a separate living quarter. Several additional freestanding sheds/storage units on property. Home is older but comes with lots of potential for the right buyer. Zoned "RR", Rural Residential which enhance residential areas with agricultural uses. Home is only minutes from I-15 freeway and 10 minutes to downtown Temecula. A must see before it is gone.
Sold for $854,000 on 08/22/23
Listing Provided by:
Kimmen Torehov DRE #01208081 951-600-0450,
California Realty Group
Bought with: Signature Real Estate Group
$854,000
5347 5th St, Fallbrook, CA 92028
3beds
2,041sqft
Single Family Residence
Built in 1973
2.69 Acres Lot
$1,436,100 Zestimate®
$418/sqft
$4,154 Estimated rent
Home value
$1,436,100
$1.36M - $1.51M
$4,154/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 23, 2023 at 08:05am
Listing Provided by:
Kimmen Torehov DRE #01208081 951-600-0450,
California Realty Group
Bought with:
Adam Nogueira, DRE #01996597
Signature Real Estate Group
Source: CRMLS,MLS#: SW23114136
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Cooling
- Central Air
Appliances
- Included: Dishwasher, Free-Standing Range
- Laundry: Inside, Laundry Room
Features
- All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Has fireplace: Yes
- Fireplace features: Family Room, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,041 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Garage spaces: 3
Features
- Levels: One
- Stories: 1
- Entry location: Front door
- Pool features: None
- Has view: Yes
- View description: Hills
Lot
- Size: 2.69 Acres
- Features: Agricultural, Lot Over 40000 Sqft, Rectangular Lot, Street Level, Value In Land
Details
- Parcel number: 1024303800
- Zoning: RR
- Special conditions: Trust
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Septic Type Unknown
- Water: Public
Community & neighborhood
Community
- Community features: Rural, Valley
Location
- Region: Fallbrook
- Subdivision: Fallbrook
Other
Other facts
- Listing terms: Cash,Conventional,FHA,Fannie Mae,Submit,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 11/2/2025 | Listing removed | $1,500,000-6.3%$735/sqft |
Source:  SDMLS #NDP2506310 | ||
| 6/27/2025 | Listed for sale | $1,600,000+87.4%$784/sqft |
Source: SDMLS #NDP2506310 | ||
| 8/22/2023 | Sold | $854,000+0.6%$418/sqft |
Source:  CRMLS #SW23114136 | ||
| 7/10/2023 | Pending sale | $849,000$416/sqft |
Source: CRMLS #SW23114136 | ||
| 6/30/2023 | Listed for sale | $849,000$416/sqft |
Source: CRMLS #SW23114136 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,128 +1.7% | $871,080 +2% |
| 2024 | $8,977 +844.3% | $854,000 +854.9% |
| 2023 | $951 +1.5% | $89,430 +2% |
Find assessor info on the county website
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 0.2 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 7.1 mi
Schools provided by the listing agent
- High: Fallbrook
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
$1,436,100
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
$1,436,100