1077 Felicidad Dr, Fallbrook, California 92028, Fallbrook, 92028 - 4 bed, 3 bath
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Fallbrook, California 92028
This property presents a Strong Value Opportunity with a List Price of $729,000—positioned well below the $770,199 Fair Market Value by 5%. This valuation gap offers $41,199 in Instant Equity for buyers. Featuring a Condition Rating of 4, this cosmetic fixer offers significant upside through renovation. The 2,304 sqft layout, 3-car garage, and private deck with stream views provide a solid foundation. Located near top-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1077 Felicidad Dr Subject | $729,000* List Price | 4 | 3 | 2,304 | $334 | - |
A 903 Crescent Bend Sold | $660,000 | 3 | 2 | 1,656 | $399 | 0.4 mi |
B 1061 Ridge Heights Sold | $779,000 | 3 | 2 | 1,992 | $391 | 0.5 mi |
C 1057 Ridge Heights Sold | $875,000 | 3 | 3 | 2,712 | $323 | 0.5 mi |
D 1089 Ridge Heights Sold | $773,000 | 3 | 3 | 2,247 | $344 | 0.6 mi |
E 842 Porter Way Active | $900,000 List Price | 4 | 3 | 2,246 | $401 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 (35 years old), this property is explicitly listed as a 'cosmetic fixer.' While it features some newer laminate flooring, the overall interior is dated and requires updates to the kitchen and bathrooms to meet modern standards, fitting the criteria for a home over 20 years old needing minor repairs and updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10018, living area = 2304.
Situated on a quiet cul-de-sac within walking distance to the new Village View County Park and La Paloma Elementary, offering a safe and family-friendly environment.
As a cosmetic fixer priced to sell, this property presents a prime opportunity for buyers to build immediate sweat equity through personalized renovations and upgrades.
The property requires cosmetic updates and repairs, which will necessitate additional upfront capital and effort from the buyer after closing.
With all bedrooms located on the second floor, the layout may be less accessible for those with mobility concerns or buyers preferring a main-level suite.
Walking distance to the new Village View County Park. This cul-de-sac home is a cosmetic fixer and priced to sell. Kitchen opens to breakfast nook and common room with sliding door to private back yard and deck. Look over the edge and see the stream below. All bedrooms are upstairs. Lots of room in the spacious 3 car garage. With a little effort you could build some sweat equity and make it the way you want.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,304 | 2,299 | 50% |
| Lot Size | 10,018.8 | 25,264.801 | 37% |
| Price | $729.0K | $925.0K | 15% |
| Price per sq ft | $316 | $422 | 8% |
| Built year | 1991 | 1991 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 141 | 8% |
May 21, 2026
$729,000
Initial Listing
Sep 25, 2017
$456,000
Public Record