1422 E Fallbrook Street, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 3 bath
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1422 E Fallbrook Street
Fallbrook, California 92028
ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,023Sq Ft
14,810.4Lot Size
Property Price
LIST PRICE$795,000
EST. MARKET VALUE
$836,651
4% BelowMARKET VALUE
SUMMARY
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $795,000—positioned well below the $836,651 Fair Market Value by 4%. This valuation gap offers $41,651 in Instant Equity for the buyer. With a Condition Rating of 3, the home is move-in ready while offering room for cosmetic updates. Featuring a large 14,810 sq. ft. lot, detached garage, and no HOA, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Estimated Market Value
$836,651+$41,651 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 |
|---|---|---|---|---|---|---|
★ 1422 E Fallbrook Street Subject | $795,000* List Price | 3 | 3 | 2,023 | $414 | - |
A 177 Barhaven Lane Sold | $795,000 | 4 | 3 | 1,924 | $413 | 0.5 mi |
B 1265 E Fallbrook Street Sold | $795,000 | 3 | 3 | 1,778 | $447 | 0.2 mi |
C 1105 Via Prado Sold | $850,000 | 4 | 3 | 2,000 | $425 | 0.9 mi |
D 1828 Chapulin Lane Sold | $730,000 | 4 | 2 | 1,552 | $470 | 0.9 mi |
E 1134 Mcdonald Road Sold | $800,000 | 3 | 2 | 1,767 | $453 | 0.7 mi |
F 321 William Pittenger Place Sold | $910,000 | 4 | 3 | 2,246 | $405 | 0.8 mi |
G 1776 Saint Peters Sold | $690,000 | 2 | 2 | 1,408 | $490 | 0.2 mi |
H 1077 Felicidad Dr Sold | $720,000 | 4 | 3 | 2,304 | $313 | 0.4 mi |
I 1340 E Fallbrook Street Active | $744,999 List Price | 3 | 2 | 2,130 | $350 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1980 but shows evidence of significant maintenance and partial updates. The interior features newer vinyl plank flooring throughout and a functional kitchen with Corian countertops and painted cabinetry. While the kitchen appliances and overall aesthetic are slightly dated, the home is move-in ready and well-preserved, fitting the 5-15 year renovation/well-maintained criteria.
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 = 14810, living area = 2023.
- Extensive Parking & Storage
The property features a detached garage and ample space for RV and boat parking, providing significant utility and value for owners with multiple vehicles or outdoor equipment.
- No HOA Restrictions
The lack of a Homeowners Association offers buyers the flexibility to customize their home and land without monthly fees or restrictive governing rules.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =14810, other record lot size in square feet = 14884.
- Dated Material Finishes
The presence of Corian countertops and 1980s-era design elements may necessitate further investment for buyers seeking a fully modernized aesthetic.
- Low Bedroom-to-Square-Footage Ratio
At over 2,000 square feet with only three bedrooms, the layout may feel less efficient for larger families compared to other homes in this size range.
About 1422 E Fallbrook Street
Beautiful 3-bedroom, 2.5-bath home offering over 2,000 sq. ft. of comfortable living space! The interior features beautiful vinyl flooring, vaulted ceilings, and a welcoming kitchen with Corian countertops and plenty of space for gathering and entertaining. Outside, you’ll find a detached garage with ample space for boat and RV parking, along with a fully fenced backyard featuring a relaxing hot tub and plenty of room to add a pool. With no HOA, you’ll have the flexibility to truly make this property your own.Conveniently located near schools, shopping, dining, and everyday amenities, this home offers a great combination of space, privacy, and versatility. Don’t miss this opportunity—this home won’t last long! Schedule your private showing today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 14,810.4 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 | 3.7 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,023 | 2,314.399 |
| Lot Size | 14,810.4 | 47,267.225 |
| Price | $795.0K | $919.6K |
| Price per sq ft | $393 | $428 |
| Built year | 1980 | 1992 |
| HOA | $0 | $195 |
| Days on market | 15 | 59 |
Pricing History
Listed for Sale
Aug 25, 2026
$795,000
Initial Listing
Sold
Feb 28, 2003
$314,000
Public Record
Sold
Aug 25, 1999
$215,000
Public Record
Sold
Sep 12, 1995
$148,000
Public Record