
Fallbrook, California 92028
This Single Family Residence is a Strong Value Opportunity, listed at $939,000—positioned well below the $1,005,687 Fair Market Value by 6%. This valuation gap offers $66,687 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes Solar Panels and a Wraparound Patio on 1.3 usable acres. With no HOA and significant development potential, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-potential lifestyle asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3162 Reche Subject | $939,000* List Price | 3 | 3 | 2,364 | $425 | - |
A 1638 Scooter Sold | $1,050,000 | 3 | 3 | 2,152 | $488 | 0.1 mi |
B 1482 Wilt Rd. Sold | $805,000 | 2 | 2 | 1,694 | $475 | 0.7 mi |
C 2550 Reche Road Sold | $745,000 | 4 | 2 | 1,839 | $405 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1990, this property is well-maintained and move-in ready. It features key updates including luxury vinyl plank flooring, granite countertops in the kitchen and bathrooms, and stainless steel appliances. The addition of solar panels indicates updated energy systems, and while some cabinetry and fixtures reflect a 5-15 year old renovation style, the home remains highly functional without immediate need for major repairs.
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 an ADU, workshop, equestrian use, or a private orchard.
Equipped with solar panels and situated in a low-tax area with no monthly HOA fees, this home provides significant long-term savings on carrying costs.
Built in 1990, the home is described as a 'foundation for personalization,' suggesting that buyers may need to budget for cosmetic updates to bring the interior up to contemporary luxury standards.
With only three bedrooms provided within 2,364 square feet of living space, the layout may be less competitive for larger families compared to other homes at this price point.
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 | 3.7 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,364 | 2,314.399 |
| Lot Size | 56,628 | 47,267.225 |
| Price | $939.0K | $919.6K |
| Price per sq ft | $397 | $428 |
| Built year | 1990 | 1992 |
| HOA | $0 | $195 |
| Days on market | 22 | 59 |
Aug 18, 2026
$939,000
Initial Listing
Jun 20, 2013
$525,000
Public Record
Apr 20, 2005
$625,000
Public Record