308 Retreat Court, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath
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Fallbrook, California 92028
This Turnkey Single-Family Residence represents a High-Potential Investment Opportunity, listed at $675,000—positioned well below the $692,805 Fair Market Value by 2%. This valuation gap provides $17,805 in Instant Equity. Featuring a Condition Rating of 4, the home offers fresh paint and new flooring, while the large corner lot and leased solar system enhance long-term utility. Located within the Fallbrook Union School District, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking immediate move-in readiness.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 308 Retreat Court Subject | $675,000* List Price | 3 | 2 | 1,235 | $561 | - |
A 946 Woodcreek Road Sold | $684,000 | 3 | 2 | 1,537 | $445 | 0.6 mi |
B 832 Magarian Sold | $675,000 | 3 | 2 | 1,112 | $607 | 0.8 mi |
C 820 Cozy Court Sold | $625,000 | 4 | 2 | 1,041 | $600 | 0.5 mi |
D 173 S Mercedes Sold | $745,000 | 3 | 2 | 1,620 | $460 | 1.0 mi |
E 820 Cozy Court Sold | $625,000 | 2 | 2 | 1,041 | $600 | 0.5 mi |
F 214 Summit Ave Sold | $625,000 | 3 | 2 | 1,125 | $556 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, this 48-year-old home has received recent cosmetic 'lipstick' updates including fresh paint and new LVP flooring. However, the kitchen and bathrooms remain dated with older tile countertops, painted original-style cabinetry, and aged appliances. While functional and move-in ready, the core wet areas and likely the primary systems exceed the 20-year threshold for a higher rating.
The property features fresh interior and exterior paint along with new luxury vinyl plank flooring and carpet, providing a move-in-ready experience for the buyer.
Situated on a large corner lot, this single-level residence offers enhanced privacy and a spacious backyard, making it ideal for accessibility and outdoor entertaining.
The inclusion of a solar panel system provides immediate utility cost savings and appeals to environmentally conscious buyers looking for sustainable energy solutions.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6534, other record lot size in square feet = 6032.
The solar system is leased rather than owned, which requires the buyer to assume the lease agreement and may impact financing qualifications.
Built in 1976, the home may have original underlying systems or structural components that could require future maintenance or modernization despite recent cosmetic updates.
Don't miss this adorable 3 bedroom and 2 bathroom single level on a large corner lot! Freshly painted inside and out. Luxury vinyl plank flooring and carpet throughout. Private backyard with plenty of room for entertaining. Leased solar panel system.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.8 mi
Grades 7-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 31% |
| Square foot | 1,235 | 2,341 | 5% |
| Lot Size | 6,534 | 24,829.199 | 28% |
| Price | $675.0K | $910.0K | 10% |
| Price per sq ft | $547 | $418 | 88% |
| Built year | 1976 | 1992 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 142 | 8% |
Jun 4, 2026
$675,000
Initial Listing