
Fallbrook, California 92028
This Custom Craftsman Home is a High-Potential Investment Opportunity, listed at $948,000—positioned well below the $894,784 Fair Market Value by -5%. Featuring a Condition Rating of 3, this property offers high-end finishes like a Viking stove and quartzite countertops alongside panoramic mountain views. While the "as-is" sale requires a discerning eye, the expansive 50,965 sqft lot provides significant potential for future expansion. This unique retreat is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a private, custom-designed sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 335 Morro Hills Road Subject | $948,000* List Price | 2 | 2 | 1,792 | $499 | - |
A 5012 Sleeping Indian Road Active | $1,075,000 List Price | 3 | 2 | 2,200 | $489 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1978, the property has undergone significant high-end renovations within the 5-15 year range, including a kitchen with Viking appliances and quartzite countertops, and a master bath with granite and a soaking tub. The home is described as meticulously maintained and move-in ready, though the 'as-is' sale and some dated secondary bathroom fixtures prevent an 'Excellent' rating.
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 = 1792.
The property offers breathtaking, unobstructed views of the surrounding green hills and mountains, situated on over an acre of private, meticulously landscaped land that provides a serene retreat.
This craftsman home features premium architectural details including vaulted tongue-and-groove wood ceilings, slate-faced fireplaces, and a chef's kitchen equipped with a Viking stove and quartzite countertops.
With only two bedrooms, the property may have limited appeal for larger families or buyers requiring multiple guest rooms and dedicated home office spaces.
The home is being sold in 'as-is' condition, which may require buyers to budget for immediate maintenance or upgrades not covered by the seller.
Welcome to this distinctive custom craftsman home, where sweeping panoramic views of the surrounding green hills and dramatic mountain vistas create a peaceful, private retreat. Enter through the main level into an inviting interior filled with natural light, open sightlines, and a warm, comfortable flow. Rich wood floors extend from the entry into the kitchen, formal dining room, and spacious great room in this meticulously maintained home, tying the main living areas together with timeless character. Designed for relaxed living and memorable entertaining, both the great room and formal dining room showcase the beauty and warmth of a slate-faced wood-burning fireplace. Doors open to an expansive wood deck, creating an effortless indoor-outdoor connection and the perfect setting to take in the views. Vaulted tongue-and-groove wood ceilings add architectural interest, while abundant windows frame the natural surroundings. The open, well-appointed kitchen features a Viking stove, a stainless-steel hooded vent, a movable island with shelving, an oversized walk-in pantry, and light-colored cabinetry that keeps the space bright and welcoming. The master bedroom offers a serene escape with wood floors, a dedicated dressing area, and a generous walk-in closet. The oversized ensuite bath is thoughtfully finished with a granite countertop, separate soaking tub, and walk-in shower. On the lower level, a second bathroom provides comfortable accommodations featuring slate flooring and a shower. The downstairs bedroom also has wood flooring. With thoughtful design and room to grow, the home also offers exciting potential for future expansion or customization to suit your vision. Set on just over an acre, the partially fenced property has extensive irrigation throughout with timers and French drains, distinctive rock outcroppings, a functional working shed, and plenty of space to enjoy the peaceful setting. Located on this desirable side of Fallbrook, the home benefits from refreshing breezes and convenient access to I-5, I-15, and Rte. 76, offering a wonderful blend of privacy, comfort, and connectivity. The property is sold "as is". The owner is a licensed real estate broker. The property will be shown only to qualified buyers with a prior loan approval letter.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades K-6 • 5.1 mi
Grades K-6 • 5.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,792 | 2,169 |
| Lot Size | 50,965 | 47,480.4 |
| Price | $948.0K | $917.5K |
| Price per sq ft | $529 | $426 |
| Built year | 1978 | 1991 |
| HOA | $0 | $176 |
| Days on market | 14 | 60 |
Jul 8, 2026
$948,000
Initial Listing
Oct 1, 2024
$410,000
Public Record
Dec 3, 2013
$450,000
Public Record
Apr 17, 2009
$375,000
Public Record
Aug 21, 1995
$238,000
Public Record