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LOCATION, LOCATION, LOCATION...This 9.12 ac property is located just minutes off the freeway in the highly desired Fallbrook/Rainbow community. The property boasts a peaceful & private atmosphere nestled in the hills with a great view offering the perfect spot to build your dream home. There is an additional 10.36 ac adjacent property available for sale should you desire more space (APN 102-381-08-00). Come see the best Rainbow has to offer. **Lot located at the intersection of Aspen Rd & Tierra Nuevo**Parcel lines in photos are not actual line designations**
Listing agent: Louis Zember DRE #01922973 louiezember@gmail.com, Listing office: Zember Realty Group
MLS data updated 10/19/2026, 9:30:10 AM PT
Source: CRMLS, MLS #: 240003434SD
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 25, 2024
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$155,000Closed sale · Jul 25, 2024ZIP 92028 · Jul 2024
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.