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Jenn Smart

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5521 Rainbow Heights Rd , Fallbrook, CA 92028
$749,000
Est. Payment: $1,664.44/mo
1 Bed
1 Bath
888 Sqft
1.95 Acres
Status: active | Days on site: 29
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VC9781 - VC152520602
By proceeding you are providing Jenn Smart with your express written consent to send you marketing and promotional communications via calls or prerecorded messages dialed by a natural person or by using an artificial or automated telephone dialing system.

By checking the box, you consent to receive marketing text messages. If checked, you consent to receiving texts including marketing and promotional communications, from Jenn Smart. Messages and data rates may apply. Message frequency varies. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms & Conditions and Privacy Policy.
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Jenn Smart
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House Description

Nearly two acres of elevated Fallbrook Heights land with no HOA, no restrictions on yourvision, and a turnkey 2015-built cottage ready the day you close -- that is the opportunityat 5521 Rainbow Heights Rd. The 1.95-acre parcel sits in the Rainbow Heights corridor ofFallbrook, California's legendary avocado and citrus country, where acreage with thiscombination of usable land, modern construction, and zero HOA constraints is genuinely rare. The 888 sq ft single-family residence, built in 2015 and in nearly new condition, provides a clean, livable anchor while you plan what comes next -- whether that is anADU, an orchard, a hobby farm, outbuildings, or simply the privacy and elbow room that anear-two-acre elevated parcel delivers. The lot scale, the Fallbrook Heights topography,and the absence of HOA oversight are the story here; the move-in-ready cottage is thebonus. Gross rent estimate of approximately $3,716/month supports an investor or househack angle for a cash or portfolio-lender buyer. Cash buyers and land-savvybuyers with portfolio financing are best positioned. Verify all details independently.
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Highlights

Listed by Omar Ortiz , (805) 249-0131 My Realty Company, Inc. , (661) 543-4663. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential
Lot/Acreage
1.95

Year Built

2015

County

San Diego

Area

92028 - Fallbrook

Listing ID

V1-39305

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Appliances:Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Air Cond:Central Air
Fireplaces:
Floor:Tile
Other:
  • ▪ Additional:Ceiling Fan(s), Crown Molding, Separate/Formal Dining Room, Living Room Deck Attached, Open Floorplan, Bedroom on Main Level, Walk-In Closet(s)
Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Others:
  • ▪ Additional:Turnkey
Sewer:Septic Tank
Parking Features:Asphalt,Driveway
Principal Interest
$1,664
Taxes
$477

Home Price

$749,000

Loan Details

30 yrs
0%

Down Payment

20%
$149,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,664.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,664.44 $477.49 $0.00 $2,141.93
Yearly $19,973.33 $5,729.85 $0.00 $25,703.18
Total $599,200.00 $171,895.50 $0.00 $771,095.50
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Fallbrook, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-14T17:38:50.000Z

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