1686 Rice Canyon, Fallbrook, California 92028, Fallbrook, 92028 - 1 bed, 3 bath
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1686 Rice Canyon
Fallbrook, California 92028
ACTIVE
CONDITION: GOOD
1Beds
3Baths
1,200Sq Ft
148,975Lot Size
Property Price
LIST PRICE$749,000
EST. MARKET VALUE
$748,656
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $749,000—positioned well below the $748,657 Fair Market Value by a negligible margin, reflecting a stable, fair-market price. The property maintains a Good Condition Rating and features a Granite Kitchen, a Wraparound Porch, and a Versatile Outbuilding with a private bath. Situated on 3.4 acres, it offers significant privacy and scenic hill views. This unique, low-density asset is an ideal acquisition for Owner-Occupants seeking a rural retreat or creative professionals needing studio space.
Estimated Market Value
$748,656
Based on Realkey algorithm analyzing recent comparable sales in Fallbrook.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006, the property is exactly 20 years old, placing it in the 'Good' category. The home appears well-maintained and move-in ready with functional systems. The kitchen is updated with granite countertops and stainless steel appliances, and the master bathroom features modern amenities like dual sinks and a walk-in shower.
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 = 148975, living area = 1200.
- Expansive Acreage and Privacy
Situated on 3.4 acres in Fallbrook, this property offers exceptional privacy and vast outdoor space, making it an ideal retreat for those seeking a quiet, rural lifestyle.
- Luxurious Master Suite
The master suite features high ceilings, a private fireplace, and a spa-like bathroom with a soaking tub positioned to enjoy scenic hill views, providing a high-end living experience.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
With only one dedicated bedroom, the property has a very niche market appeal, which may exclude families or buyers requiring multiple sleeping areas.
- High Price per Square Foot
At a list price of $749,000 for 1,200 square feet of living space, the property commands a premium price that may be difficult to justify for buyers focused on interior utility rather than land value.
About 1686 Rice Canyon
This 1 bedroom home features 1,200 sqft. and sits on 3.4 acres. The front porch wraps around the entire front of the house. It would be perfect for sitting outside and enjoying the quiet peaceful surroundings. Once you walk in the home there is your living room with a fireplace, a guest bathroom, and the kitchen. The kitchen has a walk in pantry, granite counter tops, and stainless steel appliances. The master suite is big with tall ceilings, and a fireplace in it. It also has french doors going out onto the porch. The master bathroom has 2 walk in closets, dual sinks, a walk in shower, and bath tub with windows to enjoy the view while you relax. Outside the garage has a room with a bathroom and the laundry room.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 148,975 Sq. Ft.
Interior
- Total Bedrooms
- 1
- 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 | 1.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,200 | 2,343.723 |
| Lot Size | 148,975 | 46,829.322 |
| Price | $749.0K | $932.8K |
| Price per sq ft | $624 | $433 |
| Built year | 2006 | 1992 |
| HOA | $0 | $198 |
| Days on market | 5 | 60 |
Pricing History
Listed for Sale
Oct 20, 2026
$749,000
Initial Listing
Sold
Mar 27, 2015
$377,000
Public Record
Sold
Dec 1, 1999
$50,000
Public Record