2240 Aqua Hill Road, Fallbrook, California 92028, Fallbrook, 92028 - 4 bed, 3 bath
2240 Aqua Hill Road
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 2240 Aqua Hill Road, Fallbrook, California 92028 reveals a Fairly Priced Property with a current list price of $1,089,000 aligned with the estimated $1,089,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property was built in 2007, placing it within the 10-20 year age range for a 'good' condition score. It is move-in ready with significant recent improvements including new wood flooring, fresh paint, and updated LED lighting. The kitchen is well-maintained with granite countertops and stainless steel appliances, and the primary bathroom features modern amenities like a soaking tub and separate shower, showing pride of ownership and minimal wear.
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 = 158558, living area = 3034.
- Expansive Private Lot
Situated on 3.6 acres in the South Fallbrook hills, the property offers exceptional privacy and includes a potential second graded pad with separate access, ideal for an ADU or workshop.
- Modern Custom Upgrades
This 3,034 sq. ft. custom single-story home features high ceilings, a gourmet kitchen with a 6-burner cooktop, and recent improvements including new wood flooring, LED lighting, and fresh paint.
CONSRISKS & DEFICIENCIES
- Extended Market Time
Multiple price reductions from the original $1.199M listing price suggest the property has faced challenges in finding its market value, which may lead to buyer scrutiny during negotiations.
- High Lot Maintenance
The 3.6-acre hilly terrain requires significant ongoing effort and expense for fire brush clearance and landscaping to maintain the property's safety and aesthetic appeal.
About 2240 Aqua Hill Road
* VIEWS * 3,034 SQ.FT. * PRIVACY * 3.6 ACRES * OWNER MAY CARRY * RECENT IMPROVEMENTS: New wood flooring, New LED light fixtures, Freshly painted. Welcome to this gorgeous custom single story home situated in the hills of South Fallbrook. This home offers an open floor plan with views from every room, tall ceilings, ample bedrooms, and a spacious kitchen. The kitchen is complete with granite counters, custom cabinetry, stainless appliances, 6 burner cook top, prep sink, and tons of storage. The spacious Primary suite offers a fireplace, views, and a slider to the outdoors. The Primary Bathroom includes separate sinks & vanities, large walk in closet, separate soaking tub and large shower. The home also boasts 3 additional nice sized bedrooms, spacious family room, separate living and dining room, large laundry room with access to the exterior, RV Parking, and an oversized 3 car garage. The property also includes a potential second graded pad area with potential access from Mission Rd. Enjoy privacy? Look no further than this home. Step outside and enjoy the magnificent views and tranquility this 3.6 acre home has to offer. Come check out this gem located in the hills of South Fallbrook.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2007
- Lot Size
- 158,558 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,034 | 2,285 | 72% |
| Lot Size | 158,558 | 27,007.1 | 89% |
| Price | $1.09M | $917.5K | 66% |
| Price per sq ft | $359 | $422 | 25% |
| Built year | 2007 | 1991 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 257 | 179 | 82% |
Pricing History
Listed for Sale
Jan 30, 2026
$1,089,000
$1,099,000
-1% Price Drop
Initial Listing
Price Change
Dec 3, 2025
$1,099,000
$1,124,900
-2% Price Drop
Initial Listing
Price Change
Oct 27, 2025
$1,124,900
Initial Listing
Price Change
Jun 23, 2025
$1,199,000
Initial Listing