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Sold for $691,000 on 10/24/23
  • $691,000

    721 Rainbow Crest Rd, Fallbrook, CA 92028

    4beds
    1,836sqft
    Single Family Residence
    Built in 1977
    9.1 Acres Lot
    $755,600 Zestimate®
    $376/sqft
    $3,737 Estimated rent

    Home value

    $755,600

    $695,000 - $824,000

    $3,737/mo

    Zestimate® history
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    What's special

    Come home to this amazing hilltop private paradise, nestled amoung the beautiful forest surrounded by nature on it’s own 9.1 acres. This is the perfect home for privacy, yet still close to town, shops, the freeway and so much nature. When it's time to unwind in your amazingly bright and airy open floor plan new home, you'll feel right at home relaxing in the oversized family room next to the fireplace staring out over the picturesque valley and mountains. The master bedroom has it’s own access to the patio and backyard with an attached master bath. The huge, enclosed patio is a year round bonus great for the hot summers and the cool winters with endless amazing mountain views. Step outside and you’re surrounded by the tranquil and surreal natural setting, perfect for family, kids or pets in your huge back yard and 9.1 acres. With over 9.1 acres this yard has so much potential to create your own private paradise by redesigning the detached unit into a great family getaway, Vacation rental or guest quarters. All your guests will the privacy and nature setting of this cute little ADU. This home is a must see and just needs a little TLC with so much more potential inside and out. Lastly, for the nature lovers there tons of walking and hiking trails right out the backdoor. Make this property your very own private nature resort oasis. This home is perfect for families downsizing or upsizing. This beautiful home in an amazing area won’t last! Get it before it’s gone!

    Zillow last checked: 8 hours ago

    Listing updated: July 01, 2025 at 01:52am

    Listed by:

    Shane Dailey DRE #01484412 323-821-8323,

    Cal Mutual Inc.

    Bought with:

    Alexandrine Lyons, DRE #02176773

    eXp Realty of California, Inc.

    Source: SDMLS,MLS#: 230012896MLS LogoOriginating MLS: San Diego Association of REALTOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Fireplace, Forced Air Unit
    Cooling
    • Central Forced Air
    Appliances
    • Included: Dishwasher, Built In Range, Built-In
    • Laundry: Electric, Other/Remarks
    Interior area
    • Total structure area: 1,836
    • Total interior livable area: 1,836 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Attached
    • Garage spaces: 2
    Features
    • Levels: 1 Story
    • Pool features: N/K
    • Fencing: Gate,Partial,N/K,Other/Remarks,Chain Link
    Lot
    • Size: 9.10 Acres
    Details
    • Parcel number: 1102701100
    • Zoning: AGRICULTUR
    • Zoning description: AGRICULTUR
    • Special conditions: Call Agent,Other/Remarks

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood
    • Roof: Shingle
    Condition
    • Year built: 1977

    Utilities & green energy

    • Sewer: Septic Installed
    • Water: Other/Remarks, Public, Well

    Community & neighborhood

    Location
    • Region: Fallbrook
    • Subdivision: FALLBROOK

    Other

    Other facts
    • Listing terms: Cash

    Price history

    DateEventPrice
    10/24/2023Sold$691,000+0.1%$376/sqft
    Source: SDMLS #230012896
    8/16/2023Pending sale$690,000$376/sqft
    Source: SDMLS #230012896
    7/24/2023Listed for sale$690,000$376/sqft
    Source: SDMLS #230012896
    7/19/2023Pending sale$690,000$376/sqft
    Source: SDMLS #230012896
    7/6/2023Listed for sale$690,000+92.7%$376/sqft
    Source: SDMLS #230012896

    Public tax history

    YearProperty taxesTax assessment
    2025$7,867 +0.4%$704,820 +2%
    2024$7,837 +291.5%$691,000 +369.6%
    2023$2,002 +0.9%$147,141 +2%

    Find assessor info on the county website

    Neighborhood: 92028

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $755,600

    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

    $755,600