7428 Rainbow Heights Rd, Fallbrook, CA 92028

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Off Market Aug 2012 for $409K

$1,008,176

Est. refi paymentEst. refi $338/mo

•

2,912

sq ft

7428 Rainbow Heights Rd, Fallbrook, CA 92028

About this home

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! [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.

Single-familyProperty Type

2007Year Built

29.58 acresLot Size

$346Est. Price/Sq.Ft.

3 car garageParking

Listed by Serri Rowell •DRE #01484073 • Realty Executives

Bought with Out of Area Agent •DRE #0138051 • Out of Area Office

Redfin checked: a minute ago

•Source:CRMLS #120038864

Redfin Estimate

$1,008,176

$599K since sold in August 2012$8,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 11.2% higher than the average sale price ($907K) of 6 comparable homes.

SOLD JUL 6, 2026
$880,000
A
4 beds3 baths3,190 sq ft
31994 Whitetail Ln, Temecula, CA 92592
Sand to Sea Properties, Inc
SOLD JUN 5, 2026
$975,000
B
4 beds3 baths2,727 sq ft
46267 Sawtooth Ln, Temecula, CA 92592
SOLD MAR 17, 2026
$880,000
C
4 beds3 baths3,024 sq ft
32001 Whitetail Ln, Temecula, CA 92592
SOLD JUL 2, 2026
$949,900
D
4 beds3 baths2,851 sq ft
31330 Eucalyptus Ct, Temecula, CA 92592
SOLD JUL 16, 2026
$755,000
E
4 beds3 baths2,628 sq ft
45750 Pheasant Pl, Temecula, CA 92592
SOLD MAR 2, 2026
$999,900
F
4 beds3 baths3,133 sq ft
46382 Lone Pine Dr, Temecula, CA 92592
KW Temecula

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Earn from this home

Sell

$734,851

Est. take-home

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Refinance

Est. cash available

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Rent

$4,402/mo

Redfin rental estimate

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Market trends in 92028, CA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.4%

0.3% MoM

Median sale price

$875K

$32K MoM

Avg. days on market

33d

0 days MoM

Recently sold homes

177

17 MoM

New listings for sale

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4 beds2.5 baths2,646 sq ft
1850 Canyon Heights Rd, Fallbrook, CA 92028
NEW 8 HRS AGO
$795,000
3 beds2.5 baths2,023 sq ft
1422 E Fallbrook St, Fallbrook, CA 92028
OPEN SUN, 12PM TO 3PM
$249,000
3 beds2 baths1,210 sq ft
1120 E Mission Rd #22, Fallbrook, CA 92028
NEW 29 HRS AGO
$2,149,999
4 beds3 baths3,565 sq ft
2440 Los Alisos, Fallbrook, CA 92028
$263,000
2 beds2 baths1,248 sq ft
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3D WALKTHROUGH
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4 beds3.5 baths3,756 sq ft
33 Gateview Dr, Fallbrook, CA 92028
$575,000
2 beds2 baths1,196 sq ft
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OPEN WED, 11:30AM TO 2:30PM
$1,849,000
4 beds4.5 baths4,138 sq ft
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Keller Williams Realty
$1,100,000
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CRG Properties
See all

Provided by Redfin

Sale history for 7428 Rainbow Heights Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,846 (−4.6%)

$251,207 + $249,948

$501,155

2024

$6,126 (+2.0%)

$246,282 + $245,048

$491,330

2023

$6,004 (+0.9%)

$241,453 + $240,244

$481,697

2022

$5,950 (+2.2%)

$236,719 + $235,534

$472,253

2021

$5,823 (−0.2%)

$232,078 + $230,916

$462,994

2020

$5,833 (+2.2%)

$227,528 + $226,389

$453,917

2019

$5,708 (+2.1%)

$225,195 + $224,068

$449,263

2018

$5,594 (+1.7%)

$220,780 + $219,675

$440,455

2017

$5,500 (+1.8%)

$212,207 + $211,146

$423,353

2016

$5,403 (+1.3%)

$212,207 + $211,146

$423,353

2015

$5,333 (+1.8%)

$208,047 + $207,006

$415,053

2014

$5,237 (+0.7%)

$200,908 + $199,903

$400,811

2013

$5,202 (−37.4%)

$200,908 + $199,903

$400,811

2012

$8,306 (−6.1%)

$200,000 + $199,000

$399,000

2011

$8,843 (−0.7%)

$219,630 + $421,272

$640,902

2010

$8,904 (+0.8%)

$215,324 + $413,012

$628,336

2009

$8,836 (+1.6%)

$213,715 + $409,926

$623,641

2008

$8,698

$214,223 + $410,900

$625,123

Tax history for 7428 Rainbow Heights Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,846 (−4.6%)

$251,207 + $249,948

$501,155

2024

$6,126 (+2.0%)

$246,282 + $245,048

$491,330

2023

$6,004 (+0.9%)

$241,453 + $240,244

$481,697

2022

$5,950 (+2.2%)

$236,719 + $235,534

$472,253

2021

$5,823 (−0.2%)

$232,078 + $230,916

$462,994

2020

$5,833 (+2.2%)

$227,528 + $226,389

$453,917

2019

$5,708 (+2.1%)

$225,195 + $224,068

$449,263

2018

$5,594 (+1.7%)

$220,780 + $219,675

$440,455

2017

$5,500 (+1.8%)

$212,207 + $211,146

$423,353

2016

$5,403 (+1.3%)

$212,207 + $211,146

$423,353

2015

$5,333 (+1.8%)

$208,047 + $207,006

$415,053

2014

$5,237 (+0.7%)

$200,908 + $199,903

$400,811

2013

$5,202 (−37.4%)

$200,908 + $199,903

$400,811

2012

$8,306 (−6.1%)

$200,000 + $199,000

$399,000

2011

$8,843 (−0.7%)

$219,630 + $421,272

$640,902

2010

$8,904 (+0.8%)

$215,324 + $413,012

$628,336

2009

$8,836 (+1.6%)

$213,715 + $409,926

$623,641

2008

$8,698

$214,223 + $410,900

$625,123

*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

29.58 Acres

Year renovated

2007

Sq. Ft.

2,912

Year built

2007

Style

Single Family Residential

County

San Diego County

APN

1090105400

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
Attached Garage
# of Garage Spaces: 3
Carport Attached
Has Parking
# of Parking Spaces: 3

Interior

Laundry Information
Has Laundry
Individual Room, Gas Dryer Hookup

Kitchen Information
Appliances: Dishwasher, Garbage Disposal
Has Appliances
Breakfast Nook

Bathroom Information
# of Baths (Full): 3

Room Information
Family Room, Main Floor Bedroom

Interior Features
Levels: One

Exterior

Exterior Information
Roof: Tile
Fencing: None
Construction Materials: Stucco

Exterior Features
Pool Features: None

Lot Information
Lot Size Source: Assessor's Data
Lot Dimensions Source: Assessor

Property Information
Living Area Source: Assessor's Data
Parcel Number: 1090105400
Total # of Stories: 1

Location

School Information
High School District: Other

Location Information
Other Subdivision Name: FALLBROOK
Directions: Dont use GPS it may take you the wrong way. Look up on mapquest first. [Cross Street(s)]: 8th St

Public facts

Beds: 4
Baths: 3.0
Sq. Ft.: 2,912
Stories: —
Lot Size: 29.58 acres
Style: Single Family Residential
Year Built: 2007
Year Renovated: 2007
County: San Diego County
APN: 1090105400

Home facts updated by county records on Aug 20, 2026

Other

Listing Information
Days Active in MLS: 10
Continuous Days Active in MLS: 10

Listing Agent Information
List Agent First Name: Serri
List Agent Last Name: Rowell

Listing Office Information
List Office Name: Realty Executives

Selling Agent Information
Buyer Agent First Name: Out of
Buyer Agent Last Name: Area Agent

Selling Office Information
Buyer Office Name: Out of Area Office

Around this home

Schools

Vallecitos Elementary School

Public K-8 • Assigned • 1.8mi

6/10

Fallbrook High School

Public 9-12 • Assigned • 8.7mi

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

9/10 Fire Factor

50% chance of being in a wildfire in next 30 years

5/10 Heat Factor

6 days above 98° expected this year, 17 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)

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

$958,000 – $1.16M

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Keller Williams Realty

Home values near 7428 Rainbow Heights Rd

Data from public records.

Address	Redfin Estimate
7432 Rainbow Heights Rd, Fallbrook, CA 2 Beds \| 2 Baths \| 3637 Sq. Ft.	$939,241
7412 Rainbow Heights Rd, Fallbrook, CA 4 Beds \| 4 Baths \| 4692 Sq. Ft.	$1,389,728

Address	Redfin Estimate
7410 Rainbow Heights Rd, Fallbrook, CA 3 Beds \| 2.5 Baths \| 1959 Sq. Ft.	$1,052,998
7450 Rainbow Heights Rd, Fallbrook, CA 5 Beds \| 5 Baths \| 4736 Sq. Ft.	$2,358,098

Address	Redfin Estimate
7418 Rainbow Heights Rd, Fallbrook, CA 3 Beds \| 2 Baths \| 1999 Sq. Ft.	—
7424 Rainbow Heights Rd, Fallbrook, CA 3 Beds \| 2.5 Baths \| 3430 Sq. Ft.	$1,326,692

Property information provided by CRMLS when last listed in 2012. This data may not match . Learn more.

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