Sold
Last Sold Price
2 beds1,412 sqft$262/sqft
5542 Rainbow Heights Rd, Fallbrook, CA 92028
Single FamilyProperty Type
5.04 acresLot Size
1971Year Built
$262/sq ftPrice per sq ft
5 carsParking Spaces

Description

Fixer on 5 acres with Gorgeous views, with potential for ocean views on clear days. Open floor plan. Well on property+3 tanks totaling 16,000 gallons. Just needs the right person to make it beautiful again!Fixer on 5 acres with Gorgeous views, with potential for ocean views on clear days. Open floor plan. Well on property+3 tanks totaling 16,000 gallons. Just needs the right person to make it beautiful again!
  • Listed by: Samual Oberg DRE #02016875 • Century 21 Award 619-800-6008
Listing closed: 01/31/2019 12:00 AM • Source: SDMLS, MLS#: 190001874

Recent comparable sales

Median sold price

$650,000

Avg days on market

96

Sale-to-list ratio

94.9%

Fallbrook, CA

9 comparable properties found

1

$355,000

Sold 04/01/26

2
Bedrooms
2
Bathrooms
1,641
Square Feet
4.97
Acres
$330,000 | 4747 Oak Crest Road, Unit 100, Fallbrook, CA 92028
2

$330,000

Sold 01/06/25

2
Bedrooms
1,440
Square Feet
84.15
Acres
a view of a field with trees in the background
3

$750,000

Sold 07/25/25

2
Bedrooms
1,476
Square Feet
2.16
Acres
$750,000 | 754 Rainbow Hills Road, Unit 54, Fallbrook, CA 92028
4

$750,000

Sold 07/25/25

2
Bedrooms
1,476
Square Feet
2.16
Acres
5

$750,000

Sold 05/09/25

2
Bedrooms
2
Bathrooms
1,476
Square Feet
1.61
Acres
a view of balcony with wooden floor and fence
6

$580,000

Sold 10/29/25

2
Bedrooms
1,371
Square Feet
4.52
Acres
$429,500 | 4747 Oak Crest Road, Unit SPC 23, Fallbrook, CA 92028
7

$429,500

Sold 06/12/26

2
Bedrooms
1,120
Square Feet
0.00
Acres
a front view of a house with a yard and garage
8

$830,000

Sold 11/14/25

2
Bedrooms
1,663
Square Feet
2.66
Acres
$650,000 | 5505 Rainbow Heights Road, Fallbrook, CA 92028
9

$650,000

Sold 09/01/26

3
Bedrooms
1,400
Square Feet
1.53
Acres

Location

Listing Courtesy of Century 21 Award, Samual Oberg, DRE #02016875
Add your commute

Payment Calculator

$2,253 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,881

Property Taxes

$372

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5542 Rainbow Heights Road

Property Details
  • MLS Type: Residential / Single Family Residence
  • Area: Other (LCOTH)
  • Neighborhood: Rainbow
  • Community: FALLBROOK
  • City Postal ID: FALLBROOK (92028)
  • Cross Street(s): Rice Canyon
Building Information
  • Stories: 1
  • Year Built: 1971
  • Lot Size: 5.04 AC / 219,542 SF
Summary Information
Property and Location
  • System ID: 190001874
  • Class: RESIDENTIAL
  • Residential Styles: Detached
  • Architectural Style: Craftsman/Bungalow
  • Levels: 1 Story
  • Year Built: 1971
  • Age Restrictions: N/K
  • Market Area: North County
  • Directions To Property: From Rainbow Valley Blvd, head east on 8th Street. Turn Right on Rice Canyon. Turn left on Rainbow Heights Rd. Look for a row of mailboxes approximately 1/4 mile up on the left, turn left on Select Way. Continue following this road up the hill until it dead ends into the property. See map in photos.
  • Ownership: Fee Simple
Parking
  • Parking Garage: None Known
  • Parking Non-Garage: Driveway
  • Parking Garage Spaces: 0
  • Number of Parking Spaces: 5
HOA and Fees
  • Home Owner Fees: $0
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Heat Equipment: Fireplace
  • Heat Source: Wood
  • Laundry Location: Inside
  • Equipment: Refrigerator, Shed(s), Electric Oven, Electric Range
  • Laundry Utilities: Electric, Washer Hookup
  • Optional Bedrooms: 0
  • Fireplaces(s): 1
  • Fireplace: FP in Living Room
  • Interior Walls: Drywall
  • Bedrooms Count: 2
  • Searchable Rooms: N/K
  • Primary Bedroom Dimensions: 12x12
  • Bedroom 2 Dimensions: 14x12
Interior Dimensions
  • Dining Room Dimensions: 0x0
  • Family Room Dimensions: 21x19
  • Kitchen Dimensions: 10x11
  • Living Room Dimensions: 22x13
Exterior Features
  • Exterior: Wood
  • Roof: Asphalt
  • Fencing: Partial
  • Pool: N/K
  • Square Footage: 1412
Property Information
Property and Assessments
  • Total Stories: 1
  • Stories in Building: 1
  • Entry Only: No
  • Lot Size: 4+ to 10 AC
  • Lot Size Source: City/County Records
  • Topography: Slope Gentle
  • Zoning: AGRICULTUR
  • Assessors Parcel Num: 102-630-23-00
Utilities
  • Water: Meter on Property, Well on Property
  • Sewer/Septic: Septic Installed
Multi Family Information
Building Details
  • Heating: Wood, Fireplace(s)

Property History for 5542 Rainbow Heights Road

DateEvent & SourcePriceAppreciation
Jan 31, 2019

Sold

SDMLS #190001874

$370,000
Jan 31, 2019

Sold

CLAW #190001874MR

$370,000
Jan 31, 2019

Sold

CRMLS #190001874

$370,000
DateEvent & SourcePrice
01/31/2019

Sold

SDMLS #190001874

$370,000
01/31/2019

Sold

CLAW #190001874MR

$370,000
01/31/2019

Sold

CRMLS #190001874

$370,000

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

Public Records for 5542 Rainbow Heights Road

Taxable ValueLand$307,211Additions$119,469Total$426,680
Tax Record2025$4,463 ($372 / month)
Home Facts
Beds2Baths1.5Total Finished SqFt1,412 SqFtAbove Grade Finished SqFt1,412 SqFtLot Size219,542 SqFtStyleSingle Family ResidenceYear Built1971Year Renovated1971ZoningA70CountySAN DIEGOAPN102-630-23-00

Schools near 5542 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5542 Rainbow Heights Road, Fallbrook, CA 92028
$370,000
2
1,412
219,542
$187,000
3
2,268
60,113
$650,000
3
2,000
86,248
2
1.5
1,416
211,266
$420,000
3
2.5
3,384
201,247
3
3.5
2,634
129,373

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Award, Samual Oberg, DRE #02016875

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 SDMLS®, Inc.