Location, Location, Location. . with Extremely Low Taxes. .. This South Temecula home is on a corner lot, has quick and easy freeway access, and is zoned for some of the top rated schools in the nation. Other things to note that are close by include: retail shopping, Pechanga Casino, a sports complex, restaurants, Temecula Valley Hospital, easy access to the valley's wineries, Old Town Temecula, and so much more. This home has a pool-sized lot, vaulted ceilings with natural lighting galore, and upgraded lighting throughout. The A/C and heating was updated 5 years ago, and the hot water heater was replaced 4 years ago. There is new Luxury Vinyl Plank flooring throughout. In the kitchen you'll love the granite counter tops, tiled backsplash, automatic closing drawers, double ovens, and stainless steel appliances. In the family room you'll find upgraded surround sound, a tiled fireplace with a grand mantle, and a walk up bar that can hold the bottles of wine from the local wineries. Other upgrades and amenities include: Front door deadbolt with fingerprint reader, Ring doorbell, smart thermostat, vinyl fencing, French doors off of the dinning area, French doors off the main bedroom that lead onto the upstairs deck giving you a view of the local mountains.
Single-familyProperty Type
1986Year Built
8,712 sq ftLot Size
$334Est. Price/Sq.Ft.
3 car garageParking
Listed by Bradley Thorne•DRE #02061359• Active Realty
Bought with Jenny Bae•DRE #01958689• New Star Realty & Investment
Bought with Christine Yoon•DRE #01055919• New Star Realty & Investment
This home is located in Rainbow Canyon Estates. Nice curb appeal and located on a corner lot. Vinyl fencing in the backyard. Kitchen has been nicely updated and bathrooms appear to be mostly original. Lots of light coming in from the skylights in...
this home. Small deck off the master bedroom.
11 years ago• May not reflect the current state of the home
Partially remodeled home in Rainbow Canyon. Large corner lot 3 car garage. The kitchen was remodeled about 5 years ago. KitchenAide appliances, granite counters and custom tile flooring. Kohler low flow toilet and new tile in downstairs bath. Upstairs has large bedrooms and the master suite is huge. A must see.
Public Records
Aug 4, 2004
Sold
$450,000
$191/sq ft
CRMLS #T406639
Aug 4, 2004
Sold
$440,000
$186/sq ft
May 28, 2004
Listed
$449,900
$191/sq ft
Public Records
Mar 27, 1996
Sold
$165,000
$70/sq ft
Public Records
Oct 16, 1986
Sold
$159,000
$67/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,432 (+1.6%)
$132,651 + $610,194
$742,845
2024
$8,303 (+0.9%)
$132,651 + $610,194
$742,845
2023
$8,229 (+2.2%)
$130,050 + $598,230
$728,280
2022
$8,050 (+127.7%)
$127,500 + $586,500
$714,000
2021
$3,535 (+1.2%)
$125,000 + $575,000
$700,000
2020
$3,495 (+1.5%)
$58,012 + $222,677
$280,689
2019
$3,442 (+2.1%)
$57,418 + $220,394
$277,812
2018
$3,372 (+1.9%)
$56,293 + $216,073
$272,366
2017
$3,310 (+4.3%)
$54,109 + $207,683
$261,792
2016
$3,173 (+1.9%)
$54,109 + $207,683
$261,792
2015
$3,114 (+3.2%)
$53,049 + $203,611
$256,660
2014
$3,017
$51,231 + $196,625
$247,856
2013
$3,015 (+1.6%)
$51,231 + $196,625
$247,856
2012
$2,969 (−1.6%)
$51,000 + $195,738
$246,738
2011
$3,018 (+2.6%)
$46,000 + $200,000
$246,000
2010
$2,943 (−18.3%)
$48,000 + $204,000
$252,000
2009
$3,602 (−12.2%)
$46,000 + $200,000
$246,000
2008
$4,101
$58,000 + $248,000
$306,000
Tax history for 45559 Olympic Way
Year
Property tax
Land + Additions
Assessment*
2025
$8,432 (+1.6%)
$132,651 + $610,194
$742,845
2024
$8,303 (+0.9%)
$132,651 + $610,194
$742,845
2023
$8,229 (+2.2%)
$130,050 + $598,230
$728,280
2022
$8,050 (+127.7%)
$127,500 + $586,500
$714,000
2021
$3,535 (+1.2%)
$125,000 + $575,000
$700,000
2020
$3,495 (+1.5%)
$58,012 + $222,677
$280,689
2019
$3,442 (+2.1%)
$57,418 + $220,394
$277,812
2018
$3,372 (+1.9%)
$56,293 + $216,073
$272,366
2017
$3,310 (+4.3%)
$54,109 + $207,683
$261,792
2016
$3,173 (+1.9%)
$54,109 + $207,683
$261,792
2015
$3,114 (+3.2%)
$53,049 + $203,611
$256,660
2014
$3,017
$51,231 + $196,625
$247,856
2013
$3,015 (+1.6%)
$51,231 + $196,625
$247,856
2012
$2,969 (−1.6%)
$51,000 + $195,738
$246,738
2011
$3,018 (+2.6%)
$46,000 + $200,000
$246,000
2010
$2,943 (−18.3%)
$48,000 + $204,000
$252,000
2009
$3,602 (−12.2%)
$46,000 + $200,000
$246,000
2008
$4,101
$58,000 + $248,000
$306,000
*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
4
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
8,712 Sq. Ft.
Year renovated
1986
Sq. Ft.
2,361
Year built
1986
Style
Single Family Residential
County
Riverside County
APN
922282014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 28, 2026.
LM
Low Medium Density Residential Disrrict
The low medium density residential zoning district is intended to provide for the development of single-family homes. The minimum lot size in the LM zoning district is 7,200 sq ft, with a density range of 3 to 6.9 dwelling units per net acre, and a target density of four and 1.5 dwelling units per net acre.
Permitted uses
Include but are not limited to:
Agriculture
Livestock production
Housing-Single unit
Housing-Senior
Housing-Other
Housing-Mobile home park
Park & open space
Property details
Parking
Parking / Garage Information
Attached Garage
# of Garage Spaces: 3
# of Parking Spaces: 3
Interior
Laundry Information
Has Laundry
Individual Room
Kitchen Information
Appliances: Dishwasher, Double Oven, Garbage Disposal, Gas Oven, Gas Cooktop
Has Appliances
Bathroom Information
# of Baths (Full): 2
# of Baths (1/2): 1
Cooling Information
Central
Has Cooling
Room Information
All Bedrooms Up
Fireplace Information
Family Room, Living Room
Has Fireplace
Heating Information
Central Furnace
Has Heating
Interior Features
Bar, Cathedral-Vaulted Ceilings, Ceiling Fan, Granite Counters, Recessed Lighting
Levels: Two
Main Level Bathrooms: 1
Main Level Bedrooms: 0
Window Features: Blinds
Exterior
Exterior Information
Structure Type: House
Roof: Concrete
Construction Materials: Stucco
Exterior Features
Patio And Porch Features: Deck
Has Patio
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Corner Lot
Property Information
Total # of Units: 1
Common Walls: No Common Walls
Living Area Source: Assessor's Data
Parcel Number: 922282014
Total # of Stories: 2
Has View
Year Built Source: Assessor
Financial
Assesments Information
Assessments: Special Assessments
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Homeowners Association
Is Part of Association
Association Name: Rainbow Canyon
Association Fee: $36
Association Fee Frequency: Monthly
Association Amenities: Other
Neighborhood Information
Community Features: Curbs, Sidewalks
School Information
Elementary School: Temecula Luiseno
Middle Or Junior School: Gardner Erle Stanley
High School: Great Oak
High School District: Temecula Unified
Elementary School 2: TEMLUI
Middle Or Junior School 2: GAERST
High School 2: GREOAK2
Location Information
Latitude: 33.46902500
Longitude: -117.12691400
Directions: Olympic Ave X Wailea Ct
Road Frontage Type: Access via City Streets
Road Surface Type: Maintained
Zoning: R1
Public facts
Beds: 4
Baths: 2.5
Sq. Ft.: 2,361
Stories: 2.0
Lot Size: 8,712 square feet
Style: Single Family Residential
Year Built: 1986
Year Renovated: 1986
County: Riverside County
APN: 922282014
Home facts updated by county records on Oct 28, 2026
Other
Miscellaneous Information
Exclusions: Refrigerators and freezers
Listing Information
Days Active in MLS: 2
Continuous Days Active in MLS: 2
Listing Agent Information
List Agent First Name: Bradley
List Agent Last Name: Thorne
Listing Office Information
List Office Name: Active Realty
Selling Agent Information
Buyer Agent First Name: Jenny
Buyer Agent Last Name: Bae
Co-Buyer Agent First Name: Christine
Co-Buyer Agent Last Name: Yoon
Selling Office Information
Buyer Office Name: New Star Realty & Investment
Co-Buyer Office Name: New Star Realty & Investment
Around this home
Schools
Temecula Luiseno Elementary School
Public K-5 • Assigned • 1.2mi
7/10
Erle Stanley Gardner Middle School
Public 6-8 • Assigned • 1.0mi
6/10
Great Oak High School
Public 9-12 • Assigned • 2.3mi
9/10
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
7/10 Fire Factor
25% chance of being in a wildfire in next 30 years
7/10 Heat Factor
8 days above 98° expected this year, 24 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Temecula, CA • 92592
Average low and high temperatures (°F)
69
42
71
46
74
48
72
49
76
54
82
58
88
61
90
62
86
62
80
51
73
45
72
43
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
$751,000 – $909,000
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