1004 Santa Margarita Drive, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 3 bath
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1004 Santa Margarita Drive
Fallbrook, California 92028
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,680Sq Ft
15,246Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$838,928
4% BelowMARKET VALUE
SUMMARY
This Turnkey Modern Farmhouse is a Strong Value Opportunity, listed at $799,000—positioned well below the $838,929 Fair Market Value by 4%. This valuation gap offers $39,929 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home boasts a fully remodeled chef's kitchen, new A/C, and an expansive 15,246 sqft lot with scenic views. This property balances modern luxury with significant land utility, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in-ready sanctuary.
Estimated Market Value
$838,928+$39,928 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Fallbrook.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1004 Santa Margarita Drive Subject 3 bd · 3 ba · 1,680 sqft · $499 | $799,000* List Price | 3 | 3 | 1,680 | $499 | - |
A 177 Barhaven Lane Sold 4 bd · 3 ba · 1,924 sqft · $413 · 0.8 mi | $795,000 | 4 | 3 | 1,924 | $413 | 0.8 mi |
B 914 N Main Avenue Sold 3 bd · 2 ba · 1,466 sqft · $546 · 0.6 mi | $800,000 | 3 | 2 | 1,466 | $546 | 0.6 mi |
C 117 Morro Sold 3 bd · 2 ba · 1,730 sqft · $419 · 0.6 mi | $725,000 | 3 | 2 | 1,730 | $419 | 0.6 mi |
D 316 W Kalmia Sold 2 bd · 2 ba · 1,470 sqft · $469 · 0.8 mi | $690,000 | 2 | 2 | 1,470 | $469 | 0.8 mi |
E 985 N Main Sold 2 bd · 1 ba · 1,130 sqft · $588 · 0.6 mi | $665,000 | 2 | 1 | 1,130 | $588 | 0.6 mi |
F 155 Barhaven Lane Sold 3 bd · 2 ba · 1,200 sqft · $571 · 0.7 mi | $685,000 | 3 | 2 | 1,200 | $571 | 0.7 mi |
G 935 Tanya Lane Active 4 bd · 3 ba · 2,033 sqft · $393 · 0.2 mi | $799,000 List Price | 4 | 3 | 2,033 | $393 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a complete recent remodel, featuring a brand new chef's kitchen with quartz countertops, fully updated spa-inspired bathrooms, new flooring, windows, doors, lighting, and a newly installed forced-air A/C system. It is in mint, move-in-ready condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15246, living area = 1680.
- Turn-Key Modern Remodel
The home has undergone a comprehensive transformation including new flooring, windows, lighting, and forced-air A/C, offering a move-in-ready experience with a stylish modern farmhouse aesthetic.
- Gourmet Chef's Kitchen
The kitchen serves as a high-end focal point featuring new cabinetry, quartz countertops, a large central island, and a dedicated coffee bar, perfect for both daily living and entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15246, other record lot size in square feet = 15417.
- Recently Sold Property
The property was recently sold within the past year on 2026-06-29. The sold price is $503,500.00.
- Modest Interior Square Footage
At 1,680 square feet, the interior living space is relatively compact for a three-bedroom home, which may be a constraint for buyers seeking larger communal areas.
About 1004 Santa Margarita Drive
QUIET FALLBROOK SETTING with a HUGE, open yard. This fully remodeled 3-bed, 2.5-bath home pairs modern farmhouse style with a bright, functional layout. The chef’s kitchen anchors the living space with new cabinetry, quartz counters, a large island, and dedicated coffee bar, creating an easy flow for everyday living and entertaining. Spa-inspired baths feature designer tile, while the primary offers a dual vanity and walk-in shower. New flooring, cabinets, windows, lighting, doors, fixtures, hardware, paint, and forced-air A/C complete the transformation. With beautifully finished interiors, abundant natural light, and an expansive yard to enjoy, this Fallbrook home is ready for its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 15,246 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,680 | 2,343.723 |
| Lot Size | 15,246 | 46,829.322 |
| Price | $799.0K | $932.8K |
| Price per sq ft | $476 | $433 |
| Built year | 1980 | 1992 |
| HOA | $0 | $198 |
| Days on market | 41 | 60 |
Pricing History
Listed for Sale
Sep 14, 2026
$799,000
Initial Listing
Sold
Jun 29, 2026
$503,500
Public Record