1964 Tracy Court, Fallbrook, California 92028, Fallbrook, 92028 - 6 bed, 5 bath
Loading property details...
1964 Tracy Court
Fallbrook, California 92028
ACTIVE
CONDITION: FAIR
6Beds
5Baths
5,618Sq Ft
90,605Lot Size
Property Price
LIST PRICE$1,749,000
EST. MARKET VALUE
$1,799,000
SUMMARY
This Mediterranean Estate is a Strong Value Opportunity, listed at $1,799,000—positioned well below the $1,883,944 Fair Market Value by 4%. This valuation gap offers $84,944 in Instant Equity. With a Fair Condition Rating, the property features a separate apartment and expansive two-acre lot, offering significant potential for multi-generational living or rental income. While schools carry mid-range ratings, the panoramic mountain views and grand scale make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a private, high-potential retreat.
Estimated Market Value
$1,799,000
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 |
|---|---|---|---|---|---|---|
★ 1964 Tracy Court Subject 6 bd · 5 ba · 5,618 sqft · $320 | $1,749,000* List Price | 6 | 5 | 5,618 | $320 | - |
A 3807 Wendi Court Sold 7 bd · 6 ba · 5,203 sqft · $404 · 0.1 mi | $2,100,000 | 7 | 6 | 5,203 | $404 | 0.1 mi |
B 4286 La Canada Road Sold 4 bd · 4 ba · 3,872 sqft · $382 · 0.8 mi | $1,480,000 | 4 | 4 | 3,872 | $382 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2003, the property is 23 years old and appears to retain its original finishes. While the home is well-maintained and move-in ready, the kitchen cabinetry and tile flooring are dated by modern standards, placing it in the Fair category based on the >20y age criteria and need for cosmetic updates.
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 = 90605, living area = 5618.
- Multi-Generational Potential
The property features a separate apartment above the garage with its own kitchen and bath, plus two en-suite bedrooms on the main level, offering exceptional flexibility for guests, rental income, or extended family.
- Expansive Private Acreage
Situated on nearly two acres at the end of a quiet cul-de-sac, the lot provides rare privacy, sweeping mountain and hill views, and ample space for future outdoor amenities or custom landscaping.
CONSRISKS & DEFICIENCIES
- Average School Ratings
The assigned public schools for this address carry mid-range ratings (4 to 6 out of 10), which may be a drawback for families prioritizing top-tier educational districts.
- High Maintenance Requirements
The significant scale of the 5,618-square-foot residence combined with two acres of land and Mediterranean finishes will necessitate substantial ongoing time and financial investment for proper upkeep.
About 1964 Tracy Court
SIGNIFICANT PRICE REDUCTION - 2-ACRE MEDITERRANEAN ESTATE IN FALLBROOK Exceptional opportunity to acquire a 5,618 sq. ft. Mediterranean estate on approximately two acres in gated Brook Hills Estates. A private cul-de-sac setting, sweeping views, soaring two-story ceilings, dramatic architecture and generous living spaces distinguish this substantial residence. The main house features a flexible floor plan with first level primary and guest suites plus spacious upstairs accommodations. A separate apartment with private entrance, kitchen and bath is over a four-car garage. Resort-style community amenities and convenient access to Fallbrook and major freeways add to the appeal. SIGNIFICANTLY REDUCED AND PRICED WITH POTENTIAL IMPROVEMENTS IN MIND. An opportunity to make this exceptional property distinctly your own. Select photographs have been virtually staged and/or landscaped to illustrate possibilities for personalizing the property. MOTIVATED SELLER - SERIOUS OFFERS INVITED NOW. Property offered as-is. Sale subject to bankruptcy court approval.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 90,605 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $302.0 / Month
Neighborhood Insights
Fallbrook Unified Schools
La Paloma Elementary School
Grades K-6 • 4.1 mi
6/10
Maie Ellis Elementary
Grades K-6 • 4.6 mi
5/10
James E. Potter Intermediate School
Grades 7-8 • 3.3 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.8 |
| Baths | 5.0 | 3.0 |
| Square foot | 5,618 | 2,343.723 |
| Lot Size | 90,605 | 46,829.322 |
| Price | $1.75M | $932.8K |
| Price per sq ft | $311 | $433 |
| Built year | 2003 | 1992 |
| HOA | $302.0 | $198 |
| Days on market | 20 | 60 |
Pricing History
Listed for Sale
Oct 24, 2026
$1,749,000
$1,799,000
-3% Price Drop
Initial Listing
Price Change
Oct 5, 2026
$1,799,000
Initial Listing
Sold
Apr 22, 2002
$803,000
Public Record