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$499,000   Price Analysis
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5589 Rainbow Creek Rd
Fallbrook, CA 92028
Unknown bed 0 bath unknown SqFt ($0/SqFt)
11.76 acre lot.
Listed 2023-11-26, Taxes $4,190
Ⓧ USDA Ineligible
due to property

near Pala Mesa

Check out this dream property sitting on nearly 12-acres in Rainbow of Fallbrook.

Property has electric and water. This property has panoramic views and is located below the iconic white cross posted on top of the adjacent mountain. This land is ultra-private with two entrances featurng an existing RV t hat the seller might sell with the land but does include the covered parking structure.

Current owner has set up multiple pads, primed for the construction of a garage, outbuilding or a custom home. The land is ready for immediate use, it eagerly awaits a new owner to bring their dreams to life in the heart of Fallbrooks serene landscape of Rainbow.


Presented by Billy Long at
Balboa Real Estate, Inc.
Listing Agent Photo

Property MLS #OC23216431 from CRMLS

Lot Description: Agricultural, Corner Lot, Horse Property Unimproved, Level, Rocks, Yard
Lot Size Acres: 11.76
Lot Size Source: Assessor
Lot Size Square Feet: 512266

View: Hills, Landmark, Mountain(s), Orchard, Panoramic, Rocks, Trees/Woods, Valley

Calculated Total Monthly Association Fees: 0

Community Features: Rural

Source Listing Status: Active
County: San Diego
Directions: Old 395 to Rainbow Creek.. will be located on the left side of the road. Two entrances one before low water bridge
Source Property Type: Land
Area: 92028 - Fallbrook
Source Neighborhood: Fallbrook
Parcel Number: 1093104700
Subdivision: Fallbrook
Zoning: A70
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$10,200 + $346,800
$357,000
$4,190
2022$unknown + $87,025
$87,025
$1,317
2021$unknown + $85,319
$85,319
$1,293
2020$unknown + $84,445
$84,445
$1,295
2019$unknown + $82,790
$82,790
$1,271
2018$unknown + $81,167
$81,167
$1,250
2017$unknown + $79,576
$79,576
$1,232
2016$unknown + $78,016
$78,016
$1,215
2015$unknown + $76,845
$76,845
$1,201
2014$unknown + $75,340
$75,340
$1,183
2013$unknown + $75,000
$75,000
$1,177
2012$unknown + $175,000
$175,000
$2,249
2010$unknown + $175,000
$175,000
$3,892
2009$unknown + $331,223
$331,223
$3,855
2009$unknown + $330,438
$330,438
$3,855
2008$unknown + $324,729
$324,729
$3,794
2007$unknown + $318,362
$318,362
$3,739

Price Changed 2024-06-26
$499,000
CRMLS
Price Changed 2024-01-31
$599,000
CRMLS
Price Changed 2024-01-04
$625,000
CRMLS
Listed 2023-11-26
$675,000
CRMLS
Sold 2022-03-01
$350,000
CRMLS
Listing removed 2018-08-07
$497,500
CRMLS
Listed 2018-07-05
$497,500
CRMLS
Sold 2018-03-13
$75,000
Public Record

Electric: Standard
Water Source: Public

Vallecitos Elementary School is a public elementary and middle school located approximately 1.2 miles away.
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Fallbrook High School is a public high school located approximately 8.1 miles away.
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Canyon Ridge Christian Prep is a private elementary, middle and high school located approximately 2.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.