6 months on rocket

1078 Rainbow Crest Rd, Fallbrook, CA, 92028

$1,399,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,967 SqFt
$711/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1078 Rainbow Crest Rd, Fallbrook$1,399,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Attached Garage2 spaces
Year Built2002
HeatingCentral
CoolingCentral Air, Dual, Electric
FireplaceLiving Room
ViewOther, Canyon, Hills, Mountain(s), Ocean, Panoramic, Pool, Valley
Private PoolYes
MLS #NDP2404691
Lot Size1.84 Acres
StatusActive

About 1078 Rainbow Crest Rd

Presenting an exquisite residence on the eastern edge of Fallbrook, CA, where modern sophistication meets serene countryside elegance. This stunning home, meticulously constructed in 2002, offers 1,967 sq ft of refined living space, featuring 2 bedrooms a den used as a library and 2 full baths that include bathtubs. Set on an expansive 1.84-acre estate, this property is a sanctuary of luxury and tranquility. THE DEN COULD BE CONVERTED TO A 3RD BEDROOM. Indulge in the saltwater pool, a 2022 addition complete with heating panels, and a state-of-the-art solar panel system installed in 2023, inclusive of two Tesla Wall Batteries and a backup generator, fully owned. The interiors exude sophistication with new flooring throughout, installed in 2021, and a recently replaced living room window in 2022. Both the interior and exterior have been freshly painted to perfection. The home is adorned with a solar-powered electric gate, a custom kitchen shade to shield against the evening sun, an upgraded ceiling fan in the living room, and chic Stikwood accent walls. Outdoors, the estate features a charming chicken coop ready for your chickens but currently has no chickens, a greenhouse, and a plethora of fruit trees, including orange, grapefruit, tangerine, lemon, apricot, Asian pear apple, peach, lime, dragon fruit, blackberry, pomegranate, and passion fruit, all set within a fully landscaped and fenced property. Safety and convenience are paramount with fire sprinklers throughout and a Culligan RO filter system in the kitchen, dual A/C units, one system controls the cooling in the bedrooms, baths and laundry area and the 2nd unit cools the front, kitchen and living room areas. Perched at 1,584 feet above sea level, the home offers captivating ocean views and spectacular sunsets. Located just one exit away from the vibrant Temecula, enjoy shopping, wine tasting, and the annual Balloon and Wine Festival, along with the historic charm of Front Street and the natural beauty of Lake Skinner. Golf aficionados will relish the proximity to Pala Mesa Resort and Temecula Creek Inn, while nature enthusiasts can explore the Santa Margarita Trail Preserve, Live Oak Park and Monserate Mountain Trail Loop. Fallbrook, renowned for its vibrant community, hosts an array of events from the celebrated Avocado Festival to art shows, farmers markets, and live music performances, ensuring a lively and engaging lifestyle. Experience unparalleled luxury and elegance in this exceptional Fallbrook home.

Property Details

Property Features

Property Information:

  • Year Built: 2002
  • Stories: 1
  • Living Area: 1,967 SqFt

Listing Office:

  • Office Name: eXp Realty of Southern CA
  • Office Phone: (888) 294-1415
  • Listing Agent: Patricia Villanueva

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Refrigerator
  • Flooring Type: Wood
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Other, Canyon, Hills, Mountain(s), Ocean, Panoramic, Pool, Valley
  • Exterior: Rain Gutters

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Agricultural, Landscaped, Orchard(s), Secluded
  • Lot Size: 1.84 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Dual, Electric

Other

Directions Information:

  • Directions: Old Hwy 395, Rainbow Glen, Rainbow Valley Blvd, Rice Canyon Rd, Rainbow Heights Rd, Rainbow Crest Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,399,000
  • Price Per SqFt: $711/SqFt

Tax Information:

  • Annual Amount: $6,232
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Fallbrook, CA.

Med. Sold Price

$867K

Med. Price/SqFt

$421

Avg. Days On Market

30

# of Sold Homes

39

1078 Rainbow Crest Rd vs Fallbrook

180 DAYS ON ROCKET

+150 Days

$1,399,000

+$532K More

$711/SqFt

+$289 More

KEY TAKEAWAY

This property is $532K more than the Median Sold Price and $289/SqFt more than other homes in Fallbrook, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #NDP2404691

Listing Office:

  • Office Name: eXp Realty of Southern CA
  • Office Phone: (888) 294-1415
  • Listing Agent: Patricia Villanueva

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/27/2024, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 22, 2020Home Sold
$600,000
Sep 09, 2015Home Sold
$525,000
Apr 03, 2000Home Sold
$82,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,232$606,215
2020$6,232$568,276
2019$5,854$557,134
2018$5,854$546,210
2017$5,737$535,500

History based on county public records data.

Payment Calculator

$7,050

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,261

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1927864
3
/10
  • Vivian Banks Charter

  • 11800 Pala Mission Rd

  • 3.72 miles

  • Public Charter Grades KG-5

school-card-donut-1927865
5
/10
  • Live Oak Elementary School

  • 1978 Reche Rd

  • 5.12 miles

  • Public District Grades KG-6

school-card-donut-1927866
6
/10
  • Temecula Luiseño Elementary School

  • 45754 Wolf Creek Dr N

  • 5.30 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,653. Residents of Fallbrook, CA typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1078 Rainbow Crest Rd

What is the listing price of this property?

The listing price of 1078 Rainbow Crest Rd property is $1,399,000.

What type of property is this?

The property 1078 Rainbow Crest Rd is a house located in Fallbrook, California, 92028.

Is this property for sale now?

Active Listing: 1078 Rainbow Crest Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,232 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 22, 2020 for $600,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1078 Rainbow Crest Rd has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1078 Rainbow Crest Rd is 1,967 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1078 Rainbow Crest Rd is 2002.

Rocket HomesCaliforniaSan Diego CountyFallbrook920281078 Rainbow Crest Rd

This home is located at 1078 Rainbow Crest Rd in Fallbrook, CA and zip code 92028. This 1,967 square foot home, which was built in 2002, sits on a 1.84 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 30, 2024 and is currently priced at $1,399,000.

While more than 20 listings in Fallbrook, CA in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 12 were sold below. Between September 2024 and October 2024, Fallbrook, CA real estate market has seen increase in the number of listings by 5.4%. The median list price of listings available in October 2024 was $867,000, while the average time on the real estate market was 30 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources