
Fallbrook, California 92028
This property presents a High-Potential Investment Opportunity with a List Price of $939,000—positioned well below the $969,361 Fair Market Value by 3%. This valuation gap offers $30,361 in Instant Equity for buyers. With a Fair Condition Rating, the home serves as a versatile canvas for personalization. Featuring 1.3 Usable Acres, No HOA, and Panoramic Hillside Views, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic enhancements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3162 Reche Road Subject 3 bd · 3 ba · 2,364 sqft · $399 | $939,000* List Price | 3 | 3 | 2,364 | $399 | - |
A 2550 Reche Road Sold 4 bd · 2 ba · 1,839 sqft · $405 · 0.7 mi | $745,000 | 4 | 2 | 1,839 | $405 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990 (36 years old), the property falls into the 'Fair' category as it is dated and requires modernization. While it features some updates like luxury vinyl plank flooring, solar panels, and granite countertops, the kitchen cabinetry and overall interior style reflect its original age. The listing description explicitly invites buyers to 'personalize and enhance' the home, confirming it is a functional but dated foundation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 56628, living area = 2364.
The property features 1.3 fully fenced, usable acres with no HOA restrictions, offering rare versatility for ADUs, equestrian use, or private orchards.
Benefit from low property taxes, no monthly HOA fees, and an existing solar system, significantly reducing the long-term cost of homeownership.
The property is positioned as a foundation for future enhancements, suggesting that buyers may need to invest in modernizing finishes to maximize the home's aesthetic potential.
With only three bedrooms for over 2,300 square feet of living space, the layout may be less competitive for larger families or those requiring multiple dedicated home offices.
1.3 USABLE ACRES | NO HOA | LOW TAXES | A FRESH OPPORTUNITY IN FALLBROOK! Space, flexibility, and the opportunity to create something uniquely your own. Set on approximately 1.3 usable, fully fenced acres, this 3-bedroom, 3-bath Fallbrook home offers approximately 2,364 square feet of living space along with the land and versatility that are increasingly hard to find at this price point. The main level is designed for gathering and everyday living, with abundant natural light, scenic hillside views, luxury vinyl plank flooring, and a spacious family room anchored by a striking rock fireplace. Upstairs, all three bedrooms create a private separation from the living areas below. The primary suite features its own fireplace, private balcony, and spacious ensuite bath with soaking tub and oversized shower. Outside is where the opportunity expands. A large covered wraparound patio creates generous outdoor living and entertaining space, while the acreage offers room to imagine a lifestyle tailored to you. Mature lemon and pomegranate trees are already established, and the south-facing property enjoys excellent sun exposure. Whether your vision includes additional gardens or orchard plantings, a hobby vineyard, equestrian use, a pool, workshop, recreational space, or exploring the potential for an ADU or additional improvements, the property offers a versatile canvas for the next owner. Buyers to independently verify all desired uses, zoning, permitting, and development potential. The property is fully fenced and offers substantial usable outdoor space without the restrictions of an HOA. Solar provides an additional energy-conscious feature, and the home's existing improvements provide a comfortable foundation for a buyer who wants to personalize and enhance the property over time. Located minutes from downtown Fallbrook, Live Oak Park, wineries, shopping, dining, and convenient freeway access, this property combines acreage and breathing room with accessibility to everyday amenities. At $939,000, this is an opportunity to own more than a home. It's an opportunity to create your own version of the Fallbrook lifestyle. Come see the land, the possibilities, and the value for yourself.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,364 | 2,343.723 |
| Lot Size | 56,628 | 46,829.322 |
| Price | $939.0K | $932.8K |
| Price per sq ft | $397 | $433 |
| Built year | 1990 | 1992 |
| HOA | $0 | $198 |
| Days on market | 68 | 60 |
Aug 18, 2026
$939,000
Initial Listing
Jun 20, 2013
$525,000
Public Record
Apr 20, 2005
$625,000
Public Record