2953 Vista Del Rio, Fallbrook, California 92028, Fallbrook, 92028 - 2 bed, 1 bath
ACTIVE$599,000
2953 Vista Del Rio, Fallbrook, California 92028
2Beds
1Bath
648Sqft
50,965.199Lot
Year Built
2000
Close
-
List price
$599K
Original List price
$699K
Price/Sqft
$924
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2508753
Home ConditionPoor
Features
Good View: Trees/Woods
ViewTrees/Woods
About this home
We found 3 Cons,6 Pros. Rank: price - $599.0K(3th), sqft - 648(0th), beds - 2(7th), baths - 1(1th).
INVESTORS DREAM! This property is a blank canvas on a beautiful street with all kinds of potential. Start your orchard and watch it grow. Just a little over 5 miles to I-15 you can live a country life but be only a short distance to services.
Price History
Date
Event
Price
12/15/25
Price Change
$599,000-14.3%
09/06/25
Listing
$699,000
Condition Rating
Poor
Despite being built in 2000, the property's interior, particularly the kitchen, appears to be in poor condition, requiring substantial repairs and rehabilitation. The kitchen features a highly unconventional and dated design with a red utility sink, old-style black appliances, corrugated metal backsplash, and worn flooring. The overall aesthetic, including raw wood beams and rustic finishes, suggests a lack of modern updates or even proper maintenance. The listing itself describes it as a 'blank canvas' requiring 'significant investment,' indicating the dwelling's current state is far from move-in ready and would be uncomfortable for most buyers without a complete overhaul.
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 = 50965, living area = 648.
Expansive Lot Size: The property boasts a substantial lot size of over an acre (50,965.2 sqft), offering significant potential for expansion, extensive landscaping, or agricultural development such as an orchard.
Investment & Development Potential: Explicitly marketed as an 'INVESTORS DREAM' and a 'blank canvas,' this property presents considerable opportunity for customization, renovation, or new construction to maximize its inherent value.
Rural Charm with Accessibility: The location provides a desirable balance of peaceful 'country life' while maintaining convenient access to essential services and major freeway I-15, located just over 5 miles away.
Recent Price Adjustment: A notable price reduction from $699,000 to $599,000 enhances the property's market competitiveness and offers an improved value proposition for prospective buyers.
Natural Surroundings & Views: The property benefits from 'Trees/Woods' views, contributing to a serene and private environment that enhances its overall aesthetic appeal.
Cons
Limited Existing Living Space: The current dwelling is very small, featuring only 648 sqft with 2 bedrooms and 1 bathroom, which may not accommodate the needs of many buyers and suggests the primary value is in the land.
Significant Investment Required: Described as a 'blank canvas,' the property will likely require substantial additional investment for renovation, expansion, or new construction to fully realize its potential and market value.
Value Discrepancy: The list price, even after reduction, is high relative to the small existing structure, indicating that the majority of the property's value is attributed to the land rather than the current dwelling.