203 Rhesa, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath

203 Rhesa, Fallbrook, California 92028 home-pic-0
ACTIVE$915,000
203 Rhesa, Fallbrook, California 92028
3Beds
2Baths
1,512Sqft
25,700.4Lot
Year Built
1987
Close
-
List price
$915K
Original List price
$925K
Price/Sqft
$605
HOA
-
Days on market
-
Sold On
-
MLS number
SW25236168
Home ConditionGood
Features
Good View: Hills, Neighborhood
Pool
Spa
Patio
ViewHills, Neighborhood

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,6 Pros. Rank: price - $915.0K(52th), sqft - 1512(15th), beds - 3(49th), baths - 2(33th).

Welcome to this treasured single-level retreat in the heart of Fallbrook! This beautifully remodeled 3-bedroom, 2-bathroom home offers stylish living space on over half an acre of private land. The highlight of the property is the heated saltwater pool, built in 2013, enhanced with gorgeous multi color LED lighting for year-round resort-style enjoyment. Newly installed sauna to relax in before or after a nice swim. Outdoor shower for a refreshing rinse after a nice swim or sauna time. Inside, the home has been thoughtfully updated throughout with modern finishes, abundant natural light, and top-line LED lighting. The spacious kitchen and open-concept layout make entertaining effortless, while the bedrooms provide comfort and privacy for family and guests. Other exterior features, several fruit trees, full-size Tuf Shed, and a fully constructed chicken coop. For hobbyists or extra storage, the property includes not just one but two full-size garages, including a dedicated workshop. RV parking. Plenty of room to add an ADU!! With public utilities (Water, Sewer, and natural gas) NO propane or septic- low operating costs, and lower taxes, you’ll enjoy the best of both worlds: the convenience of modern services with the tranquility and space of a private Fallbrook estate. This is a rare opportunity to own a move-in-ready home with room to grow, play, and relax—just minutes from downtown Fallbrook.

Price History

Date
Event
Price
11/21/25
Price Change
$915,000-1.1%
10/11/25
Listing
$925,000
Condition Rating
Good

This property, built in 1987, has undergone significant and thoughtful updates, as highlighted by the description's mention of being 'beautifully remodeled' and 'thoughtfully updated throughout with modern finishes' and 'top-line LED lighting.' The kitchen features clean, traditional wood cabinetry, granite countertops, and functional black appliances, which, while not the latest stainless steel, are well-maintained and contribute to a move-in ready condition. The bathroom also presents a clean, functional aesthetic with traditional wood vanities. The heated saltwater pool was installed in 2013 (11 years ago), falling within the 5-15 year renovation window for a 'Good' rating. While core systems might be older due to the original build year, the extensive cosmetic updates and recent additions ensure the property is move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

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 = 25700, living area = 1512.
Extensive Outdoor Amenities: The property offers a luxurious, resort-like experience with a heated saltwater pool (built 2013) featuring LED lighting, a newly installed sauna, and an outdoor shower.
Remodeled & Modern Interior: The home features a beautifully remodeled interior with modern finishes, abundant natural light, top-line LED lighting, and an open-concept kitchen, ideal for entertaining.
Spacious & Versatile Lot: Situated on over half an acre of private land, the property includes fruit trees, a Tuf Shed, a chicken coop, and significant potential for an Accessory Dwelling Unit (ADU).
Ample Storage & Workshop Space: The property boasts two full-size garages, one with a dedicated workshop, along with RV parking, providing extensive storage and utility for various needs.
Efficient Public Utilities: Benefiting from public water, sewer, and natural gas (no propane or septic), the property offers lower operating costs and taxes, enhancing its long-term value.

Cons

Property Age & Potential System Updates: Built in 1987, while cosmetically remodeled, core systems (e.g., HVAC, plumbing, electrical, roof) may still be original or older, potentially requiring future investment.
Lack of Mentioned Cooling System: The description highlights a heated pool and sauna but does not explicitly mention a central air conditioning system, which could be a significant comfort concern during warmer months in Fallbrook.
Above Estimated Market Value: The current listing price is approximately 5% higher than the property's estimated market value, which may impact buyer perception and negotiation leverage.

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