2118 Rainbow Valley Blvd, Fallbrook, CA 92028

Off market jul 2005 for $555K

$827,194

•

2,000

sq ft

2118 Rainbow Valley Blvd, Fallbrook, CA 92028

About this home

Roomy 2228+ sq ft. & large shop on 2.5 acres(two tax parcels), Out buildings & metal storage container. Same owner 35 years. Meticulous home records. Owner formerly rodeo competitor, fenced flat horse property, ( horses now grazing )area of nurseries, many potential uses. [Supplement]: Two parcels. A. P. # 102-420-19 & 18. Billard table flat. Ideal horse, nursery, or many other applications. There are several out buildings as well. Easy access to the freeway.

Single-familyProperty Type

1945Year Built

2.58 acresLot Size

$414Est. Price/Sq.Ft.

Listed by Dennis Owen •DRE #00425979 • Dennis Owen Real Estate

Bought with Margo Tortorella •DRE #01195398 • Coldwell Banker Village Prop

Redfin checked: 3 minutes ago

•Source:CRMLS #51015320

Redfin Estimate

$827,194

$272K since sold in July 2005$31K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 0.8% higher than the average sale price ($821K) of 5 comparable homes.

SOLD SEP 1, 2026
$650,000
A
3 beds2 baths1,400 sq ft
5505 Rainbow Heights Rd, Fallbrook, CA 92028
Daniel Team Realty
SOLD OCT 5, 2026
$865,000
B
4 beds2 baths2,142 sq ft
45768 Creekside, Temecula, CA 92592
SOLD DEC 8, 2025
$895,000
C
4 beds2 baths1,477 sq ft
6472 Rainbow Hts, Fallbrook, CA 92028
SOLD AUG 31, 2026
$890,000
D
3 beds3 baths1,900 sq ft
5434 Rainbow Heights Rd, Fallbrook, CA 92028
SOLD OCT 26, 2026
$805,000
E
4 beds2.5 baths2,344 sq ft
30946 Shaba Cir, Temecula, CA 92592
Gold Shield Realty Group

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Earn from this home

Sell

$599,845

Est. take-home

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Rent

$3,832/mo

Redfin rental estimate

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Market trends in 92028, CA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.8%

0.3% MoM

Median sale price

$928K

$16K MoM

Avg. days on market

58d

5 days MoM

Recently sold homes

148

4 MoM

New listings for sale

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3 beds2 baths2,388 sq ft
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NEW 10 HRS AGO
$1,150,000
3 beds2.5 baths2,443 sq ft
619 Elm Tree Ln, Fallbrook, CA 92028
LISTED BY REDFIN 14 HRS AGO
$965,000
3 beds3 baths2,680 sq ft
4488 La Canada Rd, Fallbrook, CA 92028
OPEN TODAY, 12PM TO 3PM
$774,747
2 beds2 baths1,810 sq ft
1609 Calavo Rd, Fallbrook, CA 92028
Compass
$959,000
3 beds2.5 baths1,812 sq ft
122 Orvil Way, Fallbrook, CA 92028
OPEN SUN, 12PM TO 2PM
$530,000
2 beds2 baths1,281 sq ft
310 Ivy Ln, Fallbrook, CA 92028
OPEN TODAY, 2:30PM TO 5PM
$699,000
2 beds2 baths1,600 sq ft
971 Ridge Hts, Fallbrook, CA 92028
$999,000
3 beds2 baths2,280 sq ft
929 Pepper Tree Ln, Fallbrook, CA 92028
3D WALKTHROUGH
$150,000
2 beds2 baths1,101 sq ft
1120 E Mission #95, Fallbrook, CA 92028
See all

Provided by Redfin

Sale history for 2118 Rainbow Valley Blvd

Year

Property tax

Land + Additions

Assessment*

2025

$2,073 (+1.2%)

$170,671 + $28,443

$199,114

2024

$2,050 (+2.5%)

$167,325 + $27,886

$195,211

2023

$2,000 (+1.4%)

$164,045 + $27,340

$191,385

2022

$1,972 (+2.7%)

$160,829 + $26,804

$187,633

2021

$1,921 (−0.4%)

$157,676 + $26,279

$183,955

2020

$1,929 (−0.8%)

$154,585 + $25,764

$180,349

2019

$1,946 (−0.3%)

$153,000 + $25,500

$178,500

2018

$1,951 (+5.8%)

$137,000 + $43,000

$180,000

2017

$1,844 (+3.4%)

$130,000 + $40,000

$170,000

2016

$1,783

$130,000 + $40,000

$170,000

2015

$1,782 (+21.6%)

$127,000 + $38,000

$165,000

2014

$1,465 (+4.8%)

$104,000 + $31,000

$135,000

2013

$1,397 (+27.5%)

$104,000 + $31,000

$135,000

2012

$1,096 (−43.6%)

$100,000 + $29,000

$129,000

2011

$1,944 (+1.1%)

$184,958

2010

$1,922 (+0.5%)

$181,332

2009

$1,912 (+1.7%)

$179,977

2008

$1,880

$180,405

Tax history for 2118 Rainbow Valley Blvd

Year

Property tax

Land + Additions

Assessment*

2025

$2,073 (+1.2%)

$170,671 + $28,443

$199,114

2024

$2,050 (+2.5%)

$167,325 + $27,886

$195,211

2023

$2,000 (+1.4%)

$164,045 + $27,340

$191,385

2022

$1,972 (+2.7%)

$160,829 + $26,804

$187,633

2021

$1,921 (−0.4%)

$157,676 + $26,279

$183,955

2020

$1,929 (−0.8%)

$154,585 + $25,764

$180,349

2019

$1,946 (−0.3%)

$153,000 + $25,500

$178,500

2018

$1,951 (+5.8%)

$137,000 + $43,000

$180,000

2017

$1,844 (+3.4%)

$130,000 + $40,000

$170,000

2016

$1,783

$130,000 + $40,000

$170,000

2015

$1,782 (+21.6%)

$127,000 + $38,000

$165,000

2014

$1,465 (+4.8%)

$104,000 + $31,000

$135,000

2013

$1,397 (+27.5%)

$104,000 + $31,000

$135,000

2012

$1,096 (−43.6%)

$100,000 + $29,000

$129,000

2011

$1,944 (+1.1%)

$184,958

2010

$1,922 (+0.5%)

$181,332

2009

$1,912 (+1.7%)

$179,977

2008

$1,880

$180,405

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

1.47 Acres

Year renovated

—

Sq. Ft.

—

Year built

2000

Style

Single Family Residential

County

San Diego County

APN

1024201800

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 20, 2026.

A70

Limited Agricultural Zone

The A70 Use Regulations are intended to create and preserve areas intended primarily for agricultural crop production. Additionally, a limited number of small farm animals may be kept and agricultural products raised on the premises may be processed. Typically, the A70 Use Regulations would be applied to areas throughout the County to protect moderate to high quality agricultural land.

Permitted uses

Include but are not limited to:

Agriculture
Housing
Processing
Fire house
Police station
Agriculture-Cropland
Agriculture-Grove / orchard
Park & open space

Property details

Parking

Parking / Garage Information
Carport
Has Parking

Interior

Laundry Information
Has Laundry
Individual Room

Kitchen Information
Has Appliances

Bathroom Information
# of Baths (Full): 2

Fireplace Information
Fire Pit
Has Fireplace

Heating Information
Has Heating

Interior Features
Levels: One

Exterior

Exterior Information
Roof: Composition
Fencing: Partial
Has Fence
Construction Materials: Stucco

Foundation Information
Foundation Details: Concrete Perimeter

Exterior Features
Patio And Porch Features: None
Pool Features: None

Lot Information
Lot Size Dimensions: irregular
Lot Features: Corner Lot, Horse Property, Lot-Level/Flat, Ranch, Sprinklers None
Lot Dimensions Source: Seller

Property Information
Parcel Number: 1024201819
Total # of Stories: 1
Has View

Location

School Information
High School District: Other

Location Information
Other Subdivision Name: FALLBROOK
Directions: old 395 to rainbow valley blvd. [Cross Street(s)]: Camino Rainbow
Zoning: A701

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 1.47 acres
Style: Single Family Residential
Year Built: 2000
Year Renovated: —
County: San Diego County
APN: 1024201800

Home facts updated by county records on Aug 20, 2026

Other

Listing Information
Days Active in MLS: 91
Continuous Days Active in MLS: 89

Listing Agent Information
List Agent First Name: Dennis
List Agent Last Name: Owen

Listing Office Information
List Office Name: Dennis Owen Real Estate

Selling Agent Information
Buyer Agent First Name: Margo
Buyer Agent Last Name: Tortorella

Selling Office Information
Buyer Office Name: Coldwell Banker Village Prop

Around this home

Schools

K - 12
Preschool & daycare

Vallecitos Elementary School

Public K-8 • Assigned • 0.2mi

6/10

Fallbrook High School

Public 9-12 • Assigned • 6.9mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

6/10 Flood Factor

Estimated 22-32% chance of a flood reaching the building in the next 30 years

8/10 Fire Factor

31% chance of being in a wildfire in next 30 years

7/10 Heat Factor

7 days above 97° expected this year, 22 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

5/10 Air Factor

7 unhealthy days expected this year, 8 days in 30 years

Provided by First Street

Historical weather

Fallbrook, CA • 92028

Average low and high temperatures (°F)

69°

49°

70°

51°

73°

52°

70°

51°

74°

55°

78°

58°

84°

62°

87°

63°

83°

64°

78°

57°

72°

51°

70°

49°

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.4 hours in June and 7.3 hours in December, placing it above the U.S. average for solar exposure.

9.4 hrs

7.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$786,000 – $952,000

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Home values near 2118 Rainbow Valley Blvd

Data from public records.

Address	Redfin Estimate
2215 Rainbow Valley Blvd, Fallbrook, CA 2 Beds \| 1 Baths \| 952 Sq. Ft.	$650,368
2001 Rainbow Valley Blvd, Fallbrook, CA 2 Beds \| 1 Baths \| 998 Sq. Ft.	$707,224
2029 Rainbow Valley Blvd, Fallbrook, CA 3 Beds \| 2 Baths \| 1634 Sq. Ft.	$880,199
2017 Rainbow Valley Blvd, Fallbrook, CA 2 Beds \| 2 Baths \| 1144 Sq. Ft.	—
2055 Camino Rainbow Apt 61, Fallbrook, CA 5 Beds \| 3 Baths \| 2247 Sq. Ft.	—
2030 Camino Rainbow, Fallbrook, CA 3 Beds \| 4 Baths \| 2480 Sq. Ft.	$946,365
2005-07 Camino Rainbow, Fallbrook, CA 4 Beds \| 2 Baths \| 1920 Sq. Ft.	$1,124,411

Address	Redfin Estimate
2123 Rainbow Valley Blvd, Fallbrook, CA 3 Beds \| 2 Baths \| 1136 Sq. Ft.	$748,252
2007 Rainbow Valley Blvd Apt 11, Fallbrook, CA 8 Beds \| 4 Baths \| 2879 Sq. Ft.	—
2041 Rainbow Valley Blvd, Fallbrook, CA - Beds \| 2 Baths \| 504 Sq. Ft.	$520,641
5307 5th St, Fallbrook, CA 4 Beds \| 1 Baths \| 2000 Sq. Ft.	$686,739
2041 Camino Rainbow, Fallbrook, CA 1 Beds \| 1 Baths \| 936 Sq. Ft.	$681,244
2006 Camino Rainbow, Fallbrook, CA 3 Beds \| 4 Baths \| 3862 Sq. Ft.	$1,398,268

Address	Redfin Estimate
2135 Rainbow Valley Blvd, Fallbrook, CA 3 Beds \| 2 Baths \| 2339 Sq. Ft.	$815,205
2017 Rainbow Valley Blvd Apt B, Fallbrook, CA 2 Beds \| 2 Baths \| 1144 Sq. Ft.	$573,774
2043 Rainbow Valley Blvd, Fallbrook, CA 2 Beds \| 1.5 Baths \| 633 Sq. Ft.	$451,683
5347 5th St, Fallbrook, CA 3 Beds \| 2 Baths \| 2041 Sq. Ft.	$959,142
2007 Camino Rainbow Apt 2005, Fallbrook, CA 4 Beds \| 2 Baths \| 1920 Sq. Ft.	—
2061 Camino Rainbow, Fallbrook, CA 4 Beds \| 3 Baths \| 1828 Sq. Ft.	$808,532

Property information provided by CRMLS when last listed in 2005. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 92028, CA

Sale history for 2118 Rainbow Valley Blvd

Tax history for 2118 Rainbow Valley Blvd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 92028

Home values near 2118 Rainbow Valley Blvd

More real estate resources