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.
Sold for $650,000 on 05/03/24
Listing Provided by:
Ronald Brookshire DRE #01050798 ron@ronbrookshire.com,
The Property Place
Bought with: Real Estate People
$650,000
5532 Rainbow Heights Rd, Fallbrook, CA 92028
3beds
2,000sqft
Single Family Residence
Built in 1972
1.98 Acres Lot
$952,100 Zestimate®
$325/sqft
$4,038 Estimated rent
Home value
$952,100
$885,000 - $1.03M
$4,038/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 03, 2024 at 01:09pm
Listing Provided by:
Ronald Brookshire DRE #01050798 ron@ronbrookshire.com,
The Property Place
Bought with:
Jesus Sanchez, DRE #01462093
Real Estate People
Source: CRMLS,MLS#: PTP2401702
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Cooling
- None
Appliances
- Included: Dishwasher, Electric Range, Gas Range, Refrigerator
- Laundry: Laundry Room
Features
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 2
- Pool features: None
- Has view: Yes
- View description: Meadow, Mountain(s), Panoramic
Lot
- Size: 1.98 Acres
- Features: Agricultural, Sloped Down, Irregular Lot, Lot Over 40000 Sqft, Yard
Details
- Parcel number: 1026306200
- Zoning: AGRICULTURAL
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1972
Community & neighborhood
Community
- Community features: Rural
Location
- Region: Fallbrook
Other
Other facts
- Listing terms: Cash,FHA 203(k)
Price history
| Date | Event | Price |
|---|---|---|
| 5/3/2024 | Sold | $650,000+0%$325/sqft |
Source:  CRMLS #PTP2401702 | ||
| 4/3/2024 | Pending sale | $649,999$325/sqft |
Source: CRMLS #PTP2401702 | ||
| 4/1/2024 | Listed for sale | $649,999$325/sqft |
Source: CRMLS #PTP2401702 | ||
| 3/28/2024 | Pending sale | $649,999$325/sqft |
Source: CRMLS #PTP2401702 | ||
| 3/27/2024 | Listed for sale | $649,999+26.6%$325/sqft |
Source: CRMLS #PTP2401702 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,950 -0.2% | $663,000 +0.1% |
| 2024 | $6,961 -0.3% | $662,242 -1.8% |
| 2023 | $6,979 +1.4% | $674,239 +2% |
Find assessor info on the county website
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 0.6 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 7.2 mi
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
$952,100
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
$952,100