SOLD 05/03/2024
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Home sold for $650,000 in 38 days
5532 Rainbow Heights Rd Fallbrook, CA, 92028
Off the market 3 beds 3 full + 1 half baths 2,000 sqft
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.
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Property details
2,000 sqft interior area
Property type
Home
Interior area
2,000 sqft
View
Mountain(s), Panoramic, Other
Land area
86,248 sqft (1.98 acres)
Price per sqft
$325/sqft
Address
5532 Rainbow Heights Rd, Fallbrook, CA, 92028
City of California
Fallbrook
County
San Diego
Previous price
$649,999
Sold price
$650,000
nr.of parking places
4
Stories
2
Year Built
1972
District
Listing
Stories
Two Story
Open Houses
No upcoming open houses
Interior Features
4 parking places
Beds
3
Baths
3 full + 1 half
Stories
Two Story
Parking
4
Garage & Parking
Detached
Fireplaces
Family Room
Laundry Features
Laundry Room
Heathing & Cooling
None
Kitchen features
Dishwasher, Electric Range/Cooktop, Refrigerator
Other rooms
Family Room
Appliances
Dishwasher, Electric Range, Refrigerator
Listed by
Ronald Brookshire, The Property Place
Name
Ronald Brookshire
License number
01050798
Brokerage company
The Property Place
MLS #
CRPTP2401702
Buyer agent
Name
Jesus Sanchez
Brokerage company
Real Estate People
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Mortgage
$1,996
Taxes
$0
HOA dues
$0
Mortgage
$130,000 / 20%
2.28%
30 years
Your amount
$1,996 / month
Exterior Features
—
Pool
None
Lot details
TMK #1026306200
Lot Description
Agricultural, Sloped Down, Irregular Lot
Parcel nr.
1026306200
92028 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 92028
35%
Families with children
National average: 39%
23%
Non family households
182,089
Population
$104,774
Average Income
Age & gender
Median age 40 years
More info
Commute types
85% commute by car
More info
Education level
22% have high school education
More info
Number of employees
5% work in education and healthcare
More info
Vehicles available
40% have 2 vehicle
More info
Vehicles by gender
40% have 2 vehicle
More info
Housing market insights for
$819.95k
Neighborhood average
sales price*
sales price*
$807.5k
Neighborhood median
sales price*
sales price*
18
Number
of sales*
of sales*
Housing type
75% are single detacheds
More info
Rooms
35% of the houses have 4 or 5 rooms
More info
Bedrooms
64% have 2 or 3 bedrooms
More info
Owners vs Renters
67% are owners
More info
6.83 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold May 3, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 3, 2024 | Sold | $650,000 | 325 | Public Record |
| May 3, 2024 | Price Increase | $650,000 | 325 | MLS #CRPTP2401702 |
| Apr 3, 2024 | Pending | $649,999 | 325 | MLS #CRPTP2401702 |
| Apr 1, 2024 | For sale | $649,999 | 325 | MLS #CRPTP2401702 |
| Mar 28, 2024 | Pending | $649,999 | 325 | MLS #CRPTP2401702 |
| Mar 27, 2024 | New Listing | $649,999 | 325 | MLS #CRPTP2401702 |
Taxes of 5532 Rainbow Heights Rd, Fallbrook, CA, 92028
AGRI zoning / MLS #CRPTP2401702
Zoning
AGRI
Agent viewpoints of 5532 Rainbow Heights Rd, Fallbrook, CA, 92028
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Frequently Asked Questions about 5532 Rainbow Heights Rd
What is 5532 Rainbow Heights Rd?
5532 Rainbow Heights Rd, Fallbrook, CA, 92028 is a single family home located in the city of Rainbow, California with zipcode 92028. This single family home has 3 bedrooms & 3 full bathrooms + & 1 half bathroom with an interior area of 2,000 sqft.
Which year was this home built?
This home was build in 1972.
Which year was this property last sold?
This property was sold in 2024.
What is the full address of this Home?
5532 Rainbow Heights Rd, Fallbrook, CA, 92028.
What is the neighborhood like?
The 92028 zip area has a population of 182,089, and 35% of the families have children. The median age is 40.12 years and 85% commute by car. The most popular housing type is "single detached" and 67% is owner.
Based on information from the bridgeMLS as of 05-18-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 03, 2024
Verhouse Last checked 3 minutes ago
The 92028 zip area has a population of 182,089, and 35% of the families have children. The median age is 40.12 years and 85% commute by car. The most popular housing type is "single detached" and 67% is owner.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
