
Fallbrook, California 92028
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $1,124,000—positioned well below the $1,146,425 Fair Market Value by 2%. This valuation gap offers $22,425 in Instant Equity. The home is in Good Condition, featuring a versatile 5-bedroom layout, a pool, and significant recent upgrades like a 2024 tankless water heater. Located in the Fallbrook Union High School District, this property is an ideal acquisition for Owner-Occupants or VA-eligible buyers seeking to assume a low-interest loan.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1068 Barsky Lane Subject | $1,119,999* List Price | 5 | 3 | 3,004 | $383 | - |
A 2116 Kirkcaldy Sold | $1,105,000 | 4 | 3 | 3,289 | $336 | 0.9 mi |
B 377 Natalie Way Sold | $907,500 | 4 | 3 | 2,291 | $396 | 0.5 mi |
C 789 Glenhart Place Sold | $1,065,000 | 4 | 3 | 2,670 | $399 | 1.0 mi |
D 177 Barhaven Lane Sold | $795,000 | 4 | 3 | 1,924 | $413 | 0.9 mi |
E 721 Highland Park Sold | $904,000 | 4 | 3 | 2,197 | $411 | 0.8 mi |
F 2157 Berwick Woods Sold | $1,055,000 | 4 | 3 | 2,612 | $404 | 0.9 mi |
G 1105 Via Prado Sold | $850,000 | 4 | 3 | 2,000 | $425 | 0.7 mi |
H 2202 Crest Hill Lane Active | $920,000 List Price | 3 | 2 | 1,943 | $473 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1997, the property is exceptionally well-maintained and move-in ready. It features significant recent system and exterior upgrades including a 2024 tankless water heater, newer roof sections, new windows, and skylights. The kitchen has been refreshed with newer appliances and cabinetry, and the interior features newer carpet, placing it firmly in the 'Good' category despite its chronological age.
The property offers a rare assumable VA loan at a 2.875% interest rate, providing qualified buyers with massive monthly savings compared to current market rates.
Significant investments including a 2024 tankless water heater, newer windows, skylights, and refreshed kitchen cabinetry ensure modern comfort and reduced immediate maintenance.
The 3,004-square-foot floor plan includes a highly desirable main-level bedroom and full bathroom, ideal for guests, seniors, or a private home office.
The roof has only been replaced over the front portion of the home, suggesting the remaining sections may require attention or replacement in the near future.
A monthly association fee of $330 adds a significant recurring cost to the property's carrying expenses compared to non-HOA neighborhoods in the area.
Welcome to this beautifully maintained Village Crest residence, where generous space, thoughtful updates, and comfortable indoor-outdoor living come together in one inviting Fallbrook home. Offering approximately 3,004 square feet, this 5-bedroom, 3-bath home features a versatile floor plan with a main-level bedroom and full bath ideal for guests, multigenerational living, or a private home office. The light-filled interior offers spacious living areas and a well-appointed kitchen featuring refreshed cabinetry, newer appliances, and custom pantry organization. Throughout the home, numerous improvements add both style and peace of mind, including a 2024 tankless water heater, whole-house fan, newer front roof section, six new windows, new sliding glass door, new skylights, mahogany French entry doors, updated garage doors, and newer carpet. Step outside to enjoy a private backyard enhanced with pool turf, a retaining wall, drought-tolerant landscaping, and vinyl fencing creating an inviting space for relaxing or entertaining. An exceptional opportunity for qualified VA buyers, the existing VA loan may be assumable at an exceptionally low 2.875% interest rate, subject to lender approval and eligibility. With its generous floor plan, extensive updates, outdoor appeal, and rare financing opportunity, this Village Crest home offers a compelling combination of comfort, flexibility, and value in Fallbrook.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-6 • 1.4 mi
Grades 7-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.7 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,004 | 2,314.399 |
| Lot Size | 14,810.4 | 47,267.225 |
| Price | $1.12M | $919.6K |
| Price per sq ft | $373 | $428 |
| Built year | 1997 | 1992 |
| HOA | $330.0 | $195 |
| Days on market | 55 | 59 |
Aug 1, 2026
$1,119,999
$1,124,000
+0% Price Increase
Initial Listing
Jul 17, 2026
$1,124,000
Initial Listing
Jul 16, 2026
$1,150,000
Initial Listing
Jul 10, 2020
$655,000
Public Record
Dec 12, 1997
$295,000
Public Record