5532 Rainbow Heights Rd

2,000 Sq. Ft.
$325 / Sq. Ft.
2,000
Sq. Ft.
$325
per Sq. Ft.

Description

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...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.
  1. Listed by Ronald Brookshire • DRE #01050798 • Brokerage DRE #01876375 • The Property Place • ron@ronbrookshire.com

Property Details for 5532 Rainbow Heights Road

View
Meadow, Mountain(s), Panoramic
Parking Spaces Total
4
Private Pool
No
Cooling Type
None
Building Type
Detached
Lot Size Source
Assessor
Living Area
2000
Assessor Parcel Number
102-630-62-00
LISTING CLOSED: 05/03/2024 12:00 AM

Property Details for 5532 Rainbow Heights Road

StatusClosed
MLS #PTP2401702
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1972
Lot Size1.98 AC / 86,248 SF
CountySan Diego County

Location

Listing Courtesy of The Property Place, Ronald Brookshire, DRE #01050798

Sold By Real Estate People, Jesus Sanchez, DRE #01462093

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Building Information for 5532 Rainbow Heights Road

Stories2Year Built1972Building Size-Lot Size1.98 AC / 86,248 SF

Payment Calculator

$3,883 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,304

Property Taxes

$579

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5532 Rainbow Heights Road

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Tax / Assessment Info
  • Tax Tract Number: PM0402
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None, Unknown
  • Community Features: Rural
  • Number Of Units In Community: 2
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas & Electric Range, Refrigerator
  • Equipment: Dishwasher, Refrigerator, Gas & Electric Range
  • Room Type: Family Room, Laundry, Living Room, See Remarks
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 0
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
  • Fireplace: FP in Family Room
  • Cooling: None
Exterior Features
  • Entry Location: 2
  • Fence: No
  • Structures: Rural
  • Structure Type: House
  • Other Structures: Rural
  • Miscellaneous: Rural
  • View Description: Panoramic
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Agricultural, Sloped Down, Lot Over 40000 Sqft, Irregular Lot, Yard
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: No
  • Levels: Two
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Attached Garage: No
Property / Structure Info
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 5532 Rainbow Heights Road

DateEvent & SourcePriceAppreciation
May 3, 2024

Sold

CRMLS #PTP2401702

$650,000
May 3, 2024

Sold

SDMLS #PTP2401702

$650,000
May 3, 2024

Sold

CLAW #PTP2401702MR

DateEvent & SourcePrice
05/03/2024

Sold

CRMLS #PTP2401702

$650,000
05/03/2024

Sold

SDMLS #PTP2401702

$650,000
05/03/2024

Sold

CLAW #PTP2401702MR

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5532 Rainbow Heights Road

Taxable ValueLand$499,392Additions$176,868Total$676,260
Tax Record2025$6,950 ($579 / month)
Home Facts
Beds4Baths2.5Total Finished SqFt1,744 SqFtAbove Grade Finished SqFt1,744 SqFtLot Size86,249 SqFtStyleSingle Family ResidenceYear Built1972Year Renovated1972ZoningA70CountySAN DIEGOAPN102-630-62-00

Schools near 5532 Rainbow Heights Road

This home is within Vallecitos Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Vallecitos Elementary School
PublicK to 8

Fallbrook High School
Public9 to 12

Ivy High (Continuation) School
Public9 to 12

Oasis High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of The Property Place, Ronald Brookshire, DRE #01050798

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