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Buy landat Rainbow Heights, Fallbrook, CA 92028

$900,000

$1,100,000 (-18.18%)

$0/mo

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Land

118.2 Acres lot

428 Days on market

NDP2301401 MLS ID

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About Rainbow Heights land

92+ Acres encompassing 10 legal & large estate lots sold together offer an outstanding investment opportunity to purchase these lots at approximately $90,000 apiece, then build out each lot with beautiful estate homes in a beautiful area of ranch & grove estates. The area is called Rainbow Highlands and has the BEST views in Fallbrook looking west to the ocean and east to the snow-capped mountains. The estates are protected with CC&R's & Road Maintenance Agreement (2,500 sq. ft. stick-built homes). At present, there is one parcel #59 ready to build on with water meter, power & updated septic layout. All other parcels have septic approval. Power is to or near all 10 lots and water meters are on many of the lots. A cul-de-sac services 5 lots. A new paved 24' wide road to development is from Rainbow Heights (Camp) Rd. You'll find absolute solitude and only 5 minutes to access I-15, with downtown Fallbrook, Bonsall and Temecula nearby. APNs: 109-310-50, 109-310-51, 109-310-52, 109-310-53, 109-310-57, 109-310-58, 109-310-59, 109-310-61, 109-310-62, 109-310-63, 109-310-64
92+ Acres encompassing 10 legal & large estate lots sold together offer an outstanding investment opportunity to purchase these lots at approximately $90,000 apiece, then build out each lot with beautiful estate homes in a beautiful area of ranch & grove estates. The area is called Rainbow Highlands and has the BEST views in Fallbrook looking west to the ocean and east to the snow-capped mountains. The estates are protected with CC&R's & Road Maintenance Agreement (2,500 sq. ft. stick-built homes). At present, there is one parcel #59 ready to build on with water meter, power & updated septic layout. All other parcels have septic approval. Power is to or near all 10 lots and water meters are on many of the lots. A cul-de-sac services 5 lots. A new paved 24' wide road to development is from Rainbow Heights (Camp) Rd. You'll find absolute solitude and only 5 minutes to access I-15, with downtown Fallbrook, Bonsall and Temecula nearby. APNs: 109-310-50, 109-310-51, 109-310-52, 109-310-53, 109-310-57, 109-310-58, 109-310-59, 109-310-61, 109-310-62, 109-310-63, 109-310-64

Property details

Utilities

Propane

Electricity Available

Electricity Connected

Underground Utilities

Property Access

Private Road

Community

Rural

Disclosures

Covenants/Restrictions Disclosure

Listing

Listing ID: NDP2301401

123 days on market

Listed on 2023-02-24

Location

County: San Diego

Subdivision: FAL

Lot

5148792 sqft

118.2 acres

Area: 118.2

Irregular Lot

Rolling Slope

Possession

Close Of Escrow

Property

Topography: Mountainous

Hills

Mountain(s)

Panoramic

Sewer

Perc Test On File

Monthly cost

Estimated monthly cost

$5,735/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$846,000

+$27,000

$873,000

Seller agent commission$27,000 (3%)*

$0 (0%)

Buyer agent commission$27,000 (3%)*

$27,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: Aug 8, 2023 at 4:34 p.m.

Data updated: Jun 27, 2023 at 8:05 p.m.

Property listed by Sunshine Properties RealEstate, Ralph Foster
Based on information from California Regional Multiple Listing Service, Inc. as of 06/27/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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