1620 Pala Lake, Fallbrook, California 92028, Fallbrook, 92028 - 1 bed, 1 bath
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1620 Pala Lake
Fallbrook, California 92028
ACTIVE
CONDITION: GOOD
1Beds
1Baths
729Sq Ft
473,497.188Lot Size
Property Price
LIST PRICE$359,900
EST. MARKET VALUE
$345,358
4% AboveMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $359,900—positioned above the $345,359 Fair Market Value. While priced slightly above market, the property features a Condition Rating of 3, offering a move-in ready interior with updated flooring and soaring ceilings. Highlights include Panoramic Golf Course and Mountain Views, a private garage, and access to a Community Pool and Spa. Located within the Fallbrook Union School District, this unit is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance Southern California lifestyle.
Estimated Market Value
$345,358
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 |
|---|---|---|---|---|---|---|
★ 1620 Pala Lake Subject 1 bd · 1 ba · 729 sqft · $474 | $359,900* List Price | 1 | 1 | 729 | $474 | - |
A 4125 Pinehurst Court Sold 1 bd · 1 ba · 729 sqft · $473 · 0.0 mi | $344,888 | 1 | 1 | 729 | $473 | 0.0 mi |
B 4117 Oak Island Lane Sold 1 bd · 1 ba · 729 sqft · $528 | $385,000 | 1 | 1 | 729 | $528 | - |
C 1740 Pala Lake Sold 1 bd · 1 ba · 943 sqft · $414 · 0.2 mi | $390,000 | 1 | 1 | 943 | $414 | 0.2 mi |
D 1650 Pala Lake Dr. Sold 1 bd · 1 ba · 943 sqft · $402 | $379,000 | 1 | 1 | 943 | $402 | - |
E 1758 Pala Lake Active 1 bd · 1 ba · 729 sqft · $520 · 0.2 mi | $379,000 List Price | 1 | 1 | 729 | $520 | 0.2 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 being well-maintained and move-in ready. The interior features updated laminate flooring and modern neutral paint throughout the living areas. While the kitchen cabinetry and countertops appear dated (likely 15-20+ years old), they are functional and clean. The property does not show signs of the deferred maintenance typically found in 'Fair' or 'Poor' listings.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Views & Outdoor Living
The property boasts exceptional mountain and golf course views with a unique dual-access balcony from both the living room and bedroom, seamlessly blending indoor and outdoor spaces.
- Architectural Volume
Soaring ceilings and an open-concept floor plan maximize the 729-square-foot layout, creating a bright, airy, and more spacious feel than typical one-bedroom units.
- Desirable Amenities
The inclusion of a private garage, community pool, and spa offers significant convenience and value-add for a condominium at this price point.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =473497, other record lot size in square feet = 473310.
- High Association Fees
The monthly HOA fee of $603 is relatively high for a one-bedroom property, which may deter budget-conscious buyers or impact investor cash flow.
- Limited Square Footage
At 729 square feet, the living space is compact, which may limit its appeal to individuals or couples requiring extra room for a home office or storage.
About 1620 Pala Lake
Welcome to this beautifully appointed 1-bedroom, 1-bath condo in the heart of Fallbrook, offering breathtaking mountain and golf course views from its desirable second-floor location. With 729 square feet of thoughtfully designed living space, this home features an open and inviting floor plan with beautiful flooring, soaring ceilings, and an abundance of natural light. The spacious living room and bedroom each provide direct access to the private balcony, creating a seamless indoor-outdoor feel and the perfect spot to enjoy your morning coffee, unwind after a long day, or take in the peaceful golf course and surrounding mountain scenery. Additional highlights include a private garage, convenient community pool and spa, and easy freeway access. Surrounded by incredible wineries in both Temecula and Fallbrook, there are endless options. Also ideally located near Camp Pendleton, this home offers a wonderful combination of comfort, convenience, and Southern California lifestyle. Whether you're looking for a full-time residence, weekend retreat, or investment opportunity, this charming Fallbrook condo is ready to welcome you home.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 473,497.188 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $603.0 / Month
Neighborhood Insights
Fallbrook Unified Schools
Live Oak Elementary School
Grades K-6 • 3.1 mi
4/10
Maie Ellis Elementary
Grades K-6 • 5.3 mi
5/10
Bonsall Elementary School
Grades K-5 • 6.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.9 |
| Baths | 1.0 | 3.0 |
| Square foot | 729 | 1,453.5 |
| Lot Size | 473,497.188 | 344,694.857 |
| Price | $359.9K | $606.7K |
| Price per sq ft | $494 | $413 |
| Built year | 1980 | 2015 |
| HOA | $603.0 | $423 |
| Days on market | 24 | 96 |
Pricing History
Listed for Sale
Oct 1, 2026
$359,900
Initial Listing
Sold
Mar 29, 2019
$222,500
Public Record
Sold
Apr 23, 2018
$215,000
Public Record
Sold
May 18, 2001
$109,500
Public Record
Sold
Oct 1, 1999
$78,000
Public Record