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! Neighborhoods: Rainbow Architectural Style: Craftsman/Bungalow View: Craftsman/Bungalow Equipment: Shed(s) Other Fees: 0 Sewer: Septic Installed Topography: GSL
Single-familyProperty Type
1971Year Built
5.04 acresLot Size
$453Est. Price/Sq.Ft.
5 spacesParking
Listed by Sam Oberg•DRE #02016875• Century 21 Award
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!
CRMLS #81028626
Oct 17, 2008
Listing Removed
—
Oct 17, 2008
Listing Removed
—
Apr 17, 2008
Listed
$429,000
$304/sq ft
Apr 17, 2008
Listed
$429,000
$304/sq ft
SDMLS #1
May 30, 2008
Price Changed
$429,000
$304/sq ft
SDMLS #81019782
Apr 17, 2008
Listing Removed
—
Apr 17, 2008
Listing Removed
—
Mar 14, 2008
Listed
$449,000
$318/sq ft
Mar 14, 2008
Listed
$449,000
$318/sq ft
Public Records
Aug 17, 1998
Sold
$132,000
$93/sq ft
Public Records
Dec 31, 1997
Sold
$132,000
$93/sq ft
Public Records
Jul 3, 1996
Sold
$139,500
$99/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,463 (+0.6%)
$307,211 + $119,469
$426,680
2024
$4,438 (+2.4%)
$301,188 + $117,127
$418,315
2023
$4,333 (+1.4%)
$295,283 + $114,831
$410,114
2022
$4,274 (+2.6%)
$289,494 + $112,580
$402,074
2021
$4,165 (−0.4%)
$283,818 + $110,373
$394,191
2020
$4,183 (+101.0%)
$278,253 + $108,209
$386,462
2019
$2,081 (+1.7%)
$275,400 + $107,100
$382,500
2018
$2,047 (+2.0%)
$114,707 + $74,220
$188,927
2017
$2,007 (−47.5%)
$110,253 + $71,339
$181,592
2016
$3,823 (+98.0%)
$110,253 + $71,339
$181,592
2015
$1,931 (+2.1%)
$108,092 + $69,941
$178,033
2014
$1,892 (−34.3%)
$104,384 + $67,542
$171,926
2013
$2,880 (+55.6%)
$104,384 + $67,542
$171,926
2012
$1,851 (−10.1%)
$103,913 + $67,237
$171,150
2011
$2,059 (−7.0%)
$101,876 + $65,919
$167,795
2010
$2,215 (+24.0%)
$99,879 + $64,627
$164,506
2009
$1,786 (+1.7%)
$99,133 + $64,144
$163,277
2008
$1,757
$99,369 + $64,297
$163,666
Tax history for 5542 Rainbow Heights Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,463 (+0.6%)
$307,211 + $119,469
$426,680
2024
$4,438 (+2.4%)
$301,188 + $117,127
$418,315
2023
$4,333 (+1.4%)
$295,283 + $114,831
$410,114
2022
$4,274 (+2.6%)
$289,494 + $112,580
$402,074
2021
$4,165 (−0.4%)
$283,818 + $110,373
$394,191
2020
$4,183 (+101.0%)
$278,253 + $108,209
$386,462
2019
$2,081 (+1.7%)
$275,400 + $107,100
$382,500
2018
$2,047 (+2.0%)
$114,707 + $74,220
$188,927
2017
$2,007 (−47.5%)
$110,253 + $71,339
$181,592
2016
$3,823 (+98.0%)
$110,253 + $71,339
$181,592
2015
$1,931 (+2.1%)
$108,092 + $69,941
$178,033
2014
$1,892 (−34.3%)
$104,384 + $67,542
$171,926
2013
$2,880 (+55.6%)
$104,384 + $67,542
$171,926
2012
$1,851 (−10.1%)
$103,913 + $67,237
$171,150
2011
$2,059 (−7.0%)
$101,876 + $65,919
$167,795
2010
$2,215 (+24.0%)
$99,879 + $64,627
$164,506
2009
$1,786 (+1.7%)
$99,133 + $64,144
$163,277
2008
$1,757
$99,369 + $64,297
$163,666
*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
2
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
5.04 Acres
Year renovated
1971
Sq. Ft.
1,412
Year built
1971
Style
Single Family Residential
County
San Diego County
APN
1026302300
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
Uncovered Spaces: 5
Driveway, Other
Has Parking
# of Parking Spaces: 5
Interior
Laundry Information
Has Laundry
Electric Dryer Hookup, Washer Hookup, Inside
Kitchen Information
Appliances: Refrigerator, Electric Oven, Electric Range
Has Appliances
Bathroom Information
# of Baths (Full): 1
# of Baths (1/2): 1
Cooling Information
Wall Window
Has Cooling
Fireplace Information
Living Room
Has Fireplace
Heating Information
Wood, Fireplace
Has Heating
Interior Features
Levels: One
Exterior
Exterior Information
Roof: Asphalt
Fencing: Partial
Has Fence
Construction Materials: Wood
Exterior Features
Pool Features: None
Property Information
Living Area Source: Public Records
Parcel Number: 1026302300
Total # of Stories: 1
Location
Location Information
Latitude: 33.40965300
Longitude: -117.13951900
Other Subdivision Name: Fallbrook
Directions: 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. Cross Street: Rice Canyon.
Subdivision Name: Fallbrook
Zoning: AGRICULTUR
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,412
Stories: —
Lot Size: 5.04 acres
Style: Single Family Residential
Year Built: 1971
Year Renovated: 1971
County: San Diego County
APN: 1026302300
Home facts updated by county records on Aug 20, 2026
Other
Listing Information
Days Active in MLS: 6
Continuous Days Active in MLS: 6
Listing Agent Information
List Agent First Name: Sam
List Agent Last Name: Oberg
Listing Office Information
List Office Name: Century 21 Award
Selling Agent Information
Buyer Agent First Name: Margaret
Buyer Agent Last Name: Irving
Around this home
Schools
Vallecitos Elementary School
Public K-8 • Assigned • 0.7mi
6/10
Fallbrook High School
Public 9-12 • Assigned • 7.3mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
8/10 Fire Factor
40% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 98° expected this year, 19 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
81
60
87
63
84
63
80
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
$608,000 – $736,000
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