Sold
Last Sold Price
4 beds2,912 sqft
7428 Rainbow Heights Rd, Fallbrook, CA 92028
Single FamilyProperty Type
29.58 acresLot Size
2007Year Built
$140/sq ftPrice per sq ft

Description

Bank owned! 4 bedroom/3 bath single story home on 29+ acres! Large master bedroom with a built-in fireplace adjoining the open master bathroom. Open kitchen to the dining area and family room. Views of the mountains. So many possibilities with this home and land! Seller to select services. Buyer to verify all information and sizes, including . Sq. Ft. prior to COE. Room dimensions, sizes and sq. ft. are approximate. All offers are "subject to" and "contingent upon" final review and acceptance by...Bank owned! 4 bedroom/3 bath single story home on 29+ acres! Large master bedroom with a built-in fireplace adjoining the open master bathroom. Open kitchen to the dining area and family room. Views of the mountains. So many possibilities with this home and land! Seller to select services. Buyer to verify all information and sizes, including . Sq. Ft. prior to COE. Room dimensions, sizes and sq. ft. are approximate. All offers are "subject to" and "contingent upon" final review and acceptance by the investor and/or mortgage insurer. There is a $75.00 buyer paid doc fee paid at closing. All contracts/offers are subject to onewest services, llc senior management approval and any offers or counter offers by onewest are not binding unless the entire agreement is ratified by all parties. Property is sold as-is. Buyers and Buyers agent to verify all information on the MLS before the close of escrow. The home does not have propane installed. There is an area that requires a paved road from the home to the main road in order for the city and fire marshal to issue the final permit for the home.
  • Listed by: Serri Rowell DRE #01484073 • Realty Executives 760-579-2666
Listing closed: 08/27/2012 12:00 AM • Source: SDMLS, MLS#: 120038864

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Recent comparable sales

Median sold price

$1,162,000

Avg days on market

47

Sale-to-list ratio

274.5%

Fallbrook, CA

9 comparable properties found

$1,125,000 | 305 Rainbow Crest Road, Fallbrook, CA 92028
1

$1,125,000

Sold 02/18/25

4
Bedrooms
3,014
Square Feet
10
Acres
$1,200,000 | 1991 Via Ladera, Fallbrook, CA 92028
2

$1,200,000

Sold 08/28/26

3
Bedrooms
2,498
Square Feet
17.86
Acres
$1,250,000 | 6490 Rainbow Heights Road, Fallbrook, CA 92028
3

$1,250,000

Sold 02/06/26

3
Bedrooms
2,900
Square Feet
4.26
Acres
an aerial view of a house with garden space and trees all around
1/45
4

$1,137,000

Sold 07/14/25

3
Bedrooms
2,820
Square Feet
6.46
Acres
5

$313,000

Sold 09/01/26

4
Bedrooms
3
Bathrooms
2,437
Square Feet
0.13
Acres
6

$500,000

Sold 09/03/25

3
Bedrooms
3
Bathrooms
2,500
Square Feet
2.23
Acres
$1,100,000 | 1047 Rice Canyon Road, Fallbrook, CA 92028
7

$1,100,000

Sold 11/21/25

4
Bedrooms
5,117
Square Feet
11.78
Acres
8

$951,000

Sold 09/22/25

4
Bedrooms
3.5
Bathrooms
4,027
Square Feet
4.52
Acres
a aerial view of a house with a yard
9

$1,199,900

Sold 12/04/24

4
Bedrooms
2,886
Square Feet
1.99
Acres

Location

Listing Courtesy of Realty Executives, Serri Rowell, DRE #01484073

Sold By Out of Area Office, Out of Area Agent, DRE #01903900

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Payment Calculator

$2,670 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,183

Property Taxes

$487

HOA Dues

$0

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Property Information for 7428 Rainbow Heights Road

Property Details
  • MLS Type: Residential / Detached / Fee Simple
  • Neighborhood: Rainbow
  • Community: FALLBROOK
  • City Postal ID: FALLBROOK (92028)
  • Cross Street(s): 8th St
Building Information
  • Stories: 1
  • Year Built: 2007
  • Lot Size: 29.58 AC / 1,288,504 SF
Summary Information
Property and Location
  • System ID: 120038864
  • Class: RESIDENTIAL
  • Residential Styles: Detached
  • Levels: 1 Story
  • Year Built: 2007
  • Age Restrictions: N/K
  • Market Area: North County
  • Directions To Property: Dont use GPS it may take you the wrong way. Look up on mapquest first.
  • Ownership: Fee Simple
Parking
  • Parking Garage: Attached
  • Parking Garage Spaces: 3
  • Number of Parking Spaces: 0
HOA and Fees
  • Home Owner Fees: $0
  • Home Owner Total Fees: $0
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Total CFD MRFees: $0
  • Total Other Fees: $0
  • Other Fees: $0
Supplement
  • Supplement: SELLER TO SELECT SERVICES. *** Buyer to verify all information and sizes, including .Sq.Ft. prior to COE. Room dimensions, sizes and sq. ft. are approximate. ALL OFFERS ARE "SUBJECT TO" AND "CONTINGENT UPON" FINAL REVIEW AND ACCEPTANCE BY THE INVESTOR AND/OR MORTGAGE INSURER. THERE IS A $75.00 BUYER PAID DOC FEE PAID AT CLOSING. ALL CONTRACTS/OFFERS ARE SUBJECT TO ONEWEST SERVICES, LLC SENIOR MANAGEMENT APPROVAL AND ANY OFFERS OR COUNTER OFFERS BY ONEWEST ARE NOT BINDING UNLESS THE ENTIRE AGREEMENT IS RATIFIED BY ALL PARTIES. PROPERTY IS SOLD AS-IS. Buyers and Buyers agent to verify all information on the MLS before the close of escrow. The home does not have propane installed. There is an area that requires a paved road from the home to the main road in order for the city and fire marshal to issue the final permit for the home.
Interior and Exterior Features
Interior Features
  • Heat Equipment: N/K
  • Laundry Location: Laundry Room
  • Equipment: Dishwasher, Disposal, Range/Oven
  • Laundry Utilities: Gas
  • Optional Bedrooms: 0
  • Bedrooms Count: 4
  • Searchable Rooms: Bedroom Entry Level, Breakfast Area, Dining Room/Separate, Family Room
  • Primary Bedroom Dimensions: 16x14
  • Bedroom 2 Dimensions: 12x11
  • Bedroom 3 Dimensions: 10x11
  • Bedroom 4 Dimensions: 10x11
Interior Dimensions
  • Dining Room Dimensions: 10x11
  • Family Room Dimensions: 18x15
  • Kitchen Dimensions: 12x12
  • Living Room Dimensions: 13x12
Exterior Features
  • Exterior: Stucco
  • Roof: Tile/Clay
  • Fencing: N/K
  • Pool: N/K
  • Square Footage: 2912
Property Information
Property and Assessments
  • Total Stories: 1
  • Residential Unit Location: Detached
  • Entry Only: No
  • Lot Size: 20+ AC
  • Lot Size Source: Assessor Record
  • Topography: Mountainous
  • Assessors Parcel Num: 109-010-54-00
Utilities
  • Water: Meter on Property
  • Sewer/Septic: Septic Installed

Property History for 7428 Rainbow Heights Road

DateEvent & SourcePriceAppreciation
Aug 27, 2012

Sold

SDMLS #120038864

$409,000—
Aug 10, 2012

Pending

SDMLS #120038864

—
Jul 31, 2012

Listed (Active)

SDMLS #120038864

$399,000—
DateEvent & SourcePrice
08/27/2012

Sold

SDMLS #120038864

$409,000
08/10/2012

Pending

SDMLS #120038864

—
07/31/2012

Listed (Active)

SDMLS #120038864

$399,000

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

Public Records for 7428 Rainbow Heights Road

Taxable ValueLand$251,207Additions$249,948Total$501,155
Tax Record2025$5,846 ($487 / month)
Home Facts
Beds4Baths3Total Finished SqFt2,912 SqFtAbove Grade Finished SqFt2,912 SqFtLot Size1,288,505 SqFtStyleSingle Family ResidenceYear Built2007Year Renovated2007ZoningA70CountySAN DIEGOAPN109-010-54-00

Schools near 7428 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: 7428 Rainbow Heights Road, Fallbrook, CA 92028
$409,000
4
2,912
1,288,504
$170,000
2
1
624
199,069
$125,000
4
4
4,692
572,378
$180,000
–
–
–
524,026
$110,000
–
–
–
261,795
$665,000
3
3,430
400,752

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 Realty Executives, Serri Rowell, DRE #01484073

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.