214 Summit Ave, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath

214 Summit Ave, Fallbrook, California 92028 home-pic-0

214 Summit Ave

Fallbrook, California 92028

ACTIVE
CONDITION: POOR
3Beds
2Baths
1,125Sq Ft
7,689Lot Size

Property Price

LIST PRICE$599,000
EST. MARKET VALUE
$502,036
19% AboveMARKET VALUE

SUMMARY

Analysis of 214 Summit Ave, Fallbrook, California 92028 reveals a property with a current list price of $599,000, which is 19% above the estimated $502,036 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Fallbrook Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$502,036
Based on Realkey algorithm analyzing recent comparable sales in Fallbrook.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
214 Summit Ave
Subject
$599,000*
List Price
321,125$446-
A
820 Cozy Court
Sold
$625,000421,041$6000.4 mi
B
820 Cozy Court
Sold
$625,000221,041$6000.4 mi
C
1206 Old Stage Road
Sold
$675,000321,399$4820.8 mi
D
985 N Main Avenue
Sold
$610,000211,130$5400.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

Built in 1952, this property is explicitly marketed as an investment project requiring a full transformation. The home features significant discrepancies between county records and the current layout (unpermitted additions), dated kitchen and bathrooms, and aged systems. The listing's call to 'bring your tools' and 'imagination' confirms that substantial repairs and rehabilitation are needed to meet modern living standards.

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 = 7689, living area = 1125.

  • Significant Value-Add Potential

    The property features more bedrooms, bathrooms, and square footage than county records indicate, offering a unique opportunity to capitalize on existing space and 'solid bones' through strategic renovation.

  • Energy Efficiency & Utility

    Equipped with solar panels and ample parking for four or more vehicles, including a workshop area with garage conversion potential, providing modern utility and long-term cost savings.

CONSRISKS & DEFICIENCIES

  • Unverified Improvements

    Significant discrepancies exist between county records and the current layout regarding bedroom count and square footage; the unknown permit status may pose challenges for traditional financing or future compliance.

  • Extensive Renovation Required

    Built in 1952 and marketed as an investment project, the property requires substantial updates and repairs, necessitating a buyer with the budget and expertise to handle a full transformation.

About 214 Summit Ave

This is a must-see opportunity to transform this property into a true gem. The county records reflect 3 bedrooms and 1 bathroom; however, the home currently features 4 bedrooms, 2 full bathrooms, and a spacious family room. (Permits unknown.) THe square footage is also larger, however, permits unknown. This property also has solar panels. Situated on a quiet street and within walking distance to the elementary school, the location is ideal. Please note there may be some additional traffic during school drop-off and pick-up times. The home offers a functional floor plan with solid bones and excellent potential. There is parking space for four or more vehicles, plus a front workshop area that could potentially be converted into a garage. The backyard is peaceful and tranquil, complete with a storage unit and an abundance of rose bushes and mature greenery. This property presents a wonderful opportunity to create your ideal home or investment project. Bring your imagination and tools — the possibilities are here.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1952
Lot Size
7,689 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.03.0
32%
Square foot1,1252,281.5
3%
Lot Size7,68926,571.5
30%
Price$599.0K$909.5K
2%
Price per sq ft$532$423
88%
Built year19521991
4%
HOA$0$0
50%
Days on market7178
5%

Pricing History

Listed for Sale

Feb 28, 2026

$599,000

Initial Listing

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