2163 Gracey Lane, Fallbrook, California 92028, Fallbrook, 92028 - 2 bed, 1 bath

2163 Gracey Lane, Fallbrook, California 92028 home-pic-0
ACTIVE$742,000
2163 Gracey Lane, Fallbrook, California 92028
2Beds
1Bath
896Sqft
50,529.602Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top 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 = 50529, living area = 896.
Top Cons:
Limited Main House Size: The primary residence is a modest 896 sqft with 2 bedrooms and 1 bathroom, which may not suit buyers requiring more extensive living space or additional bedrooms.

Compared to the nearby listings

Price:$742.0K vs avg $876.5K ($-134,500)27%
Size:896 sqft vs avg 2,173 sqft1%
Price/sqft:$828 vs avg $42399%

More Insights

Built in 1946 (79 years old).
Condition: Built in 1946, this property has undergone thoughtful updates including a remodeled kitchen with modern cabinets, granite countertops, and a subway tile backsplash. However, the kitchen still features an older electric coil range and refrigerator, preventing it from being considered fully modern. The bathroom has an updated vanity and tile surround but retains dated light fixtures and a mirror. While energy-efficient windows and a ductless mini-split A/C are positive additions, the original hardwood floors show signs of age, and some light fixtures throughout the home are outdated. The property is well-maintained and functional, but requires minor updates to achieve a fully contemporary aesthetic and functionality, aligning with the 'fair' condition criteria.
Year Built
1946
Close
-
List price
$742K
Original List price
$770K
Price/Sqft
$828
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2508248
Home ConditionFair
Features
Good View: Hills, Panoramic
Deck
ViewHills, Panoramic

About this home

Rare Legacy Property in Fallbrook – First Time Offered in 73 Years Step into the heart of Fallbrook’s coastal country living with this rare 1.16-acre homestead, filled with charm, history, and endless possibilities. For the first time in over seven decades, this beloved family property is available to the public. The 2-bedroom, 1-bath farmhouse is full of character, featuring original hardwood floors, built-in wardrobes, a wood-burning fireplace, and a sunlit mudroom with a built-in breakfast nook—perfect for soaking in peaceful south-facing views and ocean breezes with your morning coffee. Thoughtful updates include a remodeled kitchen, energy-efficient windows, ductless mini-split A/C, and all-electric appliances—providing a solid foundation for your vision and future enhancements, such as solar power. Outside, the property embraces a slower, more sustainable lifestyle: hang laundry on the line, tend your own food forest, gather fresh eggs, or watch horses graze at sunset. Fencing, corrals, and extra materials are already in place to adapt for animals. Mature fruit trees—sapote, cherimoya, and macadamia—dot the landscape. A detached 2-car garage has been converted into an apartment, offering flexibility for guest space, rental income, or restoration back to its original use. Whether you dream of a homestead, hobby farm, or simply a peaceful retreat, this one-of-a-kind property offers timeless character, modern comforts, and a story ready for its next chapter.

Nearby schools

4/10
Live Oak Elementary School
Public,K-61.6mi
6/10
La Paloma Elementary School
Public,K-62.6mi
5/10
Maie Ellis Elementary
Public,K-63.4mi
8/10
Bonsall Elementary School
Public,K-54.1mi
4/10
James E. Potter Intermediate School
Public,7-81.7mi
7/10
Norman L. Sullivan Middle School
Public,6-84.0mi
5/10
Fallbrook High School
Public,9-121.8mi
5/10
Bonsall High
Public,9-124.0mi
Condition Rating
Fair

Built in 1946, this property has undergone thoughtful updates including a remodeled kitchen with modern cabinets, granite countertops, and a subway tile backsplash. However, the kitchen still features an older electric coil range and refrigerator, preventing it from being considered fully modern. The bathroom has an updated vanity and tile surround but retains dated light fixtures and a mirror. While energy-efficient windows and a ductless mini-split A/C are positive additions, the original hardwood floors show signs of age, and some light fixtures throughout the home are outdated. The property is well-maintained and functional, but requires minor updates to achieve a fully contemporary aesthetic and functionality, aligning with the 'fair' 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 = 50529, living area = 896.
Legacy Property & Rarity: Offered for the first time in 73 years, this property holds significant historical value and unique appeal as a long-held family homestead.
Expansive & Productive Acreage: The 1.16-acre lot is ideal for a sustainable lifestyle, featuring mature fruit trees, existing animal infrastructure (fencing, corrals), and ample space for gardening or hobby farming.
Versatile Income/Guest Unit: A detached 2-car garage has been converted into an apartment, providing flexible options for guest accommodation, potential rental income, or restoration to its original use.
Charming Character with Key Updates: The farmhouse retains its original character with hardwood floors and a wood-burning fireplace, complemented by modern upgrades such as a remodeled kitchen, energy-efficient windows, and ductless mini-split A/C.
Scenic Views & Coastal Ambiance: Enjoy peaceful south-facing views and ocean breezes, contributing to a serene and desirable living environment.

Cons

Limited Main House Size: The primary residence is a modest 896 sqft with 2 bedrooms and 1 bathroom, which may not suit buyers requiring more extensive living space or additional bedrooms.
Older Construction Considerations: Built in 1946, while updated, the age of the property could imply potential for ongoing maintenance or unforeseen issues typical of older homes.
Implied Future Investment: The description suggests 'future enhancements' and 'restoration' for certain aspects, indicating that buyers may need to budget for additional investments to fully modernize or customize the property.

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