1168 N Crescent Ridge, Fallbrook, California 92028, Fallbrook, 92028 - 2 bed, 3 bath
1168 N Crescent Ridge
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 1168 N Crescent Ridge, Fallbrook, California 92028 reveals a Prime Investment Opportunity with a current list price of $749,000—significantly undercutting the $793,235 Fair Market Value by 5%. This valuation gap indicates a +$44,235 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Fallbrook Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1168 N Crescent Ridge Subject | $749,000* List Price | 2 | 3 | 1,896 | $418 | - |
A 503 Potter Sold | $715,000 | 4 | 3 | 1,641 | $436 | 0.7 mi |
B 1360 E Fallbrook Street Sold | $650,000 | 3 | 2 | 2,130 | $305 | 0.4 mi |
C 1110 E Alvarado Street Sold | $625,000 | 3 | 2 | 1,601 | $390 | 0.7 mi |
D 1089 Ridge Heights Sold | $773,000 | 3 | 3 | 2,247 | $344 | 0.2 mi |
E 819 Shade Tree Lane Sold | $650,000 | 3 | 2 | 1,488 | $437 | 0.3 mi |
F 820 Cookie Lane Active | $800,000 List Price | 3 | 3 | 1,745 | $458 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1988, this home is well-maintained and clean, featuring updated laminate flooring and granite countertops in the kitchen. However, the kitchen's oak cabinetry and white appliances, along with the tile vanities and styles in all bathrooms, are notably dated. While functional and move-in ready, these key areas would require minor cosmetic updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria for an aged but maintained property with functional yet outdated components.
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 = 10019, living area = 1896.
- Exclusive 55+ Gated Community
The property is situated within a desirable 55+ gated community, offering a secure and age-restricted living environment tailored for seniors.
- Extensive Community Amenities
Residents have access to an impressive array of amenities, including a swimming pool, hiking trails, tennis courts, pickleball, a clubhouse, and RV storage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10019, other record lot size in square feet = 9709.
- Mandatory HOA Fees
The property is subject to a significant monthly association fee of $350, which adds to the ongoing cost of ownership and budget considerations.
- Property Age
Built in 1988, the home is over 35 years old, which may lead to concerns about the age of major systems (e.g., HVAC, plumbing, electrical) or require more frequent maintenance compared to newer constructions.
About 1168 N Crescent Ridge
Discover the comfort and convenience of 55+ living in this beautiful gated community. This well-situated home offers picturesque views and a peaceful backyard with no rear neighbors. Featuring 3 oversized bedrooms and 2.5 bathrooms, the home includes a cozy family room with a fireplace, a formal dining room, and an elegant kitchen with granite countertops, oak cabinetry, and an additional dining area. The spacious primary suite boasts a walk-in closet and an en-suite bathroom with dual sinks, a tile vanity, and a walk-in shower. A convenient powder room is located just down the hall for guests, while the secondary bathroom features a tub and tile vanity. Laminate flooring flows throughout the home, with tile in the bathrooms. Additional highlights include direct garage access, laundry located in the garage, and guest parking conveniently located directly across from the home. Enjoy the lushly landscaped front and backyard, complete with fruit trees, fenced yard for privacy and pet safety, and walkways throughout the outdoor space. The community offers an impressive array of amenities, including a swimming pool, hiking trails, tennis courts, pickleball, clubhouse, and RV storage. Come experience this amazing community for yourself—you’ll quickly see why this is the perfect place to call home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 10,019 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350.0 / Month
Neighborhood Insights
Fallbrook Unified Schools
La Paloma Elementary School
Grades K-6 • 0.4 mi
Maie Ellis Elementary
Grades K-6 • 1.3 mi
James E. Potter Intermediate School
Grades 7-8 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 9% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,896 | 2,281.5 | 33% |
| Lot Size | 10,019 | 26,571.5 | 34% |
| Price | $749.0K | $909.5K | 23% |
| Price per sq ft | $395 | $422 | 41% |
| Built year | 1988 | 1991 | 44% |
| HOA | $350.0 | $0 | 96% |
| Days on market | 42 | 178 | 7% |
Pricing History
Listed for Sale
Jan 24, 2026
$749,000
Initial Listing
Sold
May 2, 2024
$690,000
Public Record
Sold
Jul 27, 2016
$399,000
Public Record