Sold
1042 W Rainbow Falls Way sold on March 17, 2022 for $870,000. The details are below for reference.
1042 W Rainbow Falls Way, Orange, CA 92865
- 4 beds
- 3 baths
- 1,987 sq ft
- 4,600 sq ft lot
- Built 1983
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$870,000
The home
About 1042 W Rainbow Falls Way
This River Trail home boasts an amazing layout with the generous master is downstairs and three additional bedrooms upstairs. The first thing you'll notice when you arrive is the cul-de-sac location and huge deep driveway due to this being one of the largest lots in the River Trail tract, granting more yard space and privacy than most! From the private side yard you'll enter the living room with high vaulted ceilings, charming fireplace, and great natural light due to the direct access to the backyard. The kitchen then flows open to the dining room area. The downstairs master affords tremendous convenience and privacy with great amenities like a double vanity and deep closets. Lovingly maintained with thoughtful updates like double pane window, this home is priced for your updates and personalizations. This well-loved and highly sought after community has a play area, pool, beautifully maintained common spaces, and is close proximity to many Orange favorites, all at an exceptionally low hoa rate. And to top it all off, it's in the Villa Park HS disctrict. Amazing opportunity to get this much living space with margin to update to your taste!
Property details for 1042 W Rainbow Falls Way
This 4-bedroom, 3-bath single-family home sits in Orange in Orange County. It has 1,987 square feet of living space on a 4,600-square-foot lot. The home was built in 1983. The MLS record lists the assessor parcel number as 374-742-42. Highlights include a community pool, a fireplace, an attached two-car garage, and central air.
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- CV22022647
- Year Built
- 1983
- Living Area (sq ft)
- 1,987
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 4,600
- Lot Size (acres)
- 0.1056
- Levels
- Two
- Bedrooms
- 4
- Full Baths
- 2
- Half Baths
- 1
- Garage Spaces
- 2
- Parking Spaces
- 5
- View
- Neighborhood
- HOA Dues
- $135
- HOA Frequency
- Monthly
- HOA Name
- River Trail
- Parcel Number
- 37474242
- On Market Date
- 2022-02-09
- Listing Terms
- Standard
Interior Features
- Interior Features
- Cathedral Ceilings, Main Level Primary
- Heating
- Forced Air
- Cooling
- Central Air
- Fireplace
- Living Room
- Laundry
- In Garage
- Main Level Bedrooms
- 1
- Main Level Bathrooms
- 2
- Common Walls
- One Common Wall, End Unit, No One Above, No One Below
Exterior Features
- Lot Features
- Cul De Sac, Street Level
- Parking
- Driveway, Garage
- Pool Features
- Association
- Sewer
- Public Sewer
- Water
- Public
- Units
- 120
Community Features
- Community Features
- Curbs, Street Lights, Suburban, Sidewalks
- Association Amenities
- Other, Picnic Area, Playground, Pool
The record
Property History for 1042 W Rainbow Falls Way
| Date | Event | Price | Note |
|---|---|---|---|
| Mar 17, 2022 | Sold | $870,000 | |
| Mar 4, 2022 | Status changed to Pending | From Active Under Contract | |
| Feb 15, 2022 | Status changed to Active Under Contract | From Active | |
| Feb 15, 2022 | Status changed to Active | From Hold | |
| Feb 15, 2022 | Price increased | $875,000 | From $830,000 |
| Feb 13, 2022 | Status changed to Hold | From Active | |
| Feb 9, 2022 | Status changed to Active | From Coming Soon | |
| Feb 9, 2022 | Listed for sale | $830,000 |
No prior MLS sales on record for this home since 2012.
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 1042 W Rainbow Falls Way
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0153J effective December 3, 2009. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones. Checked October 15, 2026.
- Liquefaction zone
Inside a Seismic Hazard Zone for liquefaction.
California Geological Survey, Seismic Hazard Zones map, Orange quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Orange quadrangle, released April 15, 1998. Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: Spectrum, up to 1,000 Mbps, at 1 of 162 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 106 of 162. DSL: AT&T, up to 100 Mbps, at 119 of 162.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590762041000, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 1.4 miles away (ChargePoint, 2 Level 2 ports). 342 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
Looking for something similar
1042 W Rainbow Falls Way is no longer on the market, but comparable homes come up in Orange regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
Selling near 1042 W Rainbow Falls Way
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The neighborhood
Orange home sales, past 12 months
- Homes sold
- 583
- Median price
- $1,255,000
- Median days on market
- 14
- Median per sq ft
- $681
Recorded MLS closings of single-family homes, Oct 28, 2025 to Oct 28, 2026. Days on market run from listing to going under contract.
Recent Orange sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 2809 N Colorado Lane | Oct 28, 2026 | $1,830,000 | 3,013 | $607 | 39 |
| 7625 E Twinleaf | Oct 28, 2026 | $1,425,000 | 2,722 | $524 | 6 |
| 606 E Vista Del Gaviota | Oct 27, 2026 | $830,000 | 1,372 | $605 | 0 |
| 1245 W Cherry | Oct 26, 2026 | $765,000 | 1,263 | $606 | 27 |
| 11082 Meads | Oct 26, 2026 | $1,775,000 | 2,965 | $599 | 193 |
Schools
Schools for 1042 W Rainbow Falls Way
As listed in the MLS record. Confirm attendance boundaries with the school district.
- Elementary
- Fletcher
- High
- Villa Park
- District
- Orange Unified
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Listed by BROOKE MILLER of HOMESMART, EVERGREEN REALTY
Listing information updated Jan 18, 2023 at 1:44 PM PT. Source: CRMLS.
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. The 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, the 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.