2824 Olive Hill Road, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 3 bath

2824 Olive Hill Road, Fallbrook, California 92028 home-pic-0

2824 Olive Hill Road

Fallbrook, California 92028

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,988Sq Ft
Lot Size

Property Price

LIST PRICE$949,000
EST. MARKET VALUE
$947,724

SUMMARY

Analysis of 2824 Olive Hill Road, Fallbrook, California 92028 reveals a Fairly Priced Property with a current list price of $949,000  aligned with the estimated $947,724 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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

$947,724
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
2824 Olive Hill Road
Subject
$949,000*
List Price
331,988$477-
A
2433 Summerhill Lane
Sold
$750,000531,808$4150.6 mi
B
2625 27 Havencrest Drive
Sold
$1,060,000431,853$5720.8 mi
C
2330 Morro Road
Sold
$805,000321,520$5300.7 mi
D
2445 S. Stage Coach Ln Lane
Active
$880,000
List Price
431,739$5060.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1972, the property has undergone an extensive recent renovation within the last 5 years. The interior features a fully remodeled kitchen with new stainless steel appliances, completely updated bathrooms, new laminate flooring throughout, fresh interior and exterior paint, and new light fixtures. The home presents as virtually new with modern finishes and no visible deferred maintenance.

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 = 80150, living area = 1988.

  • Extensive Modern Renovations

    The property is move-in ready following a comprehensive remodel that includes a new kitchen with modern appliances, updated bathrooms, new laminate flooring, and fresh interior and exterior paint.

  • Expansive and Versatile Lot

    Sitting on nearly 2 acres of usable land with mature fruit trees, the property offers exceptional privacy and significant potential for agricultural use, outdoor entertaining, or the addition of an ADU.

CONSRISKS & DEFICIENCIES

  • Vintage Infrastructure

    While the home has undergone significant cosmetic and functional updates, the 1972 original construction date may mean some underlying structural or systemic components are nearing the end of their typical lifespan.

  • Modest Living Area Relative to Lot

    At under 2,000 square feet, the interior living space may feel small to buyers specifically seeking a larger estate-sized home to match the expansive 2-acre grounds.

About 2824 Olive Hill Road

Enjoy peaceful privacy, beautiful natural surroundings, and room to grow in this inviting retreat that sits on nearly 2 acres in beautiful Fallbrook. Set back from the road and surrounded by mature trees, this newly remodeled home offers the perfect blend of privacy, charm, and modern upgrades. This 3 bedroom, 3bath home features a fully remodeled kitchen and new appliances, remodeled bathrooms, new laminate flooring, fresh interior and exterior paint, new light fixtures and a new extra-large water heater, creating a bright and move-in ready space. A spacious bonus room is currently being used as a game room and includes a wet bar and cozy fireplace, making it an ideal gathering space for entertaining family and friends. Spa and pool table are included for added enjoyment. The flexible floor plan includes two bedrooms with their own en-suite bathrooms, offering the option for dual primary suites or a comfortable setup for multigenerational living or a private mother-in-law suite. An oversized garage with a built-in workbench provides excellent space for projects, storage, hobbies or workshop use. The nearly 2-acre property offers usable land and endless possibilities, with fruit trees including tangerines, grapefruit, lime, lemon, and pomegranate. Whether you envision gardens, space for animals, outdoor entertaining areas, or exploring ADU potential (buyer to verify), this property offers the flexibility to create your ideal country lifestyle.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1972
Lot Size
-

Interior

Total Bedrooms
3
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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot1,9882,281.5
36%
Lot Size-26,571.5
11%
Price$949.0K$917.5K
54%
Price per sq ft$477$423
76%
Built year19721991
13%
HOA$0$0
50%
Days on market1178
5%

Pricing History

Listed for Sale

Mar 6, 2026

$949,000

Initial Listing

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