34742 Criollo Way, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 3 bath
34742 Criollo Way
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 34742 Criollo Way, Fallbrook, California 92028 reveals a Fairly Priced Property with a current list price of $725,000 aligned with the estimated $729,900 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Fallbrook Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 34742 Criollo Way Subject | $725,000* List Price | 3 | 3 | 1,691 | $432 | - |
A 104 Lipizzan Sold | $700,000 | 3 | 3 | 1,691 | $414 | 0.1 mi |
B 35027 Hacienda Hts Lot 93 Sold | $740,894 | 3 | 3 | 1,691 | $438 | 0.3 mi |
C 108 Lipizzan Ln Sold | $723,000 | 3 | 3 | 1,985 | $364 | 0.1 mi |
D 259 Oberlander Way Sold | $665,000 | 3 | 3 | 1,579 | $421 | 0.8 mi |
E 35229 Bergamot Cove Cv Lot 219 Sold | $806,843 | 3 | 2 | 1,806 | $447 | 0.7 mi |
F 35052 Hacienda Heights Sold | $718,000 | 3 | 3 | 1,691 | $425 | 0.3 mi |
G 35060 Hacienda Active | $699,999 List Price | 3 | 3 | 1,691 | $414 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property was built in 2022, making it an almost-new home. The images confirm a modern aesthetic throughout, with new appliances in the kitchen (white shaker cabinets, dark countertops, stainless steel appliances, and a black French-door refrigerator). Bathrooms feature modern vanities, granite-look countertops, and clean tile work. Flooring consists of light wood-look laminate/LVP on the main floor and clean, light-colored carpet in bedrooms and on stairs. The property boasts energy-efficient features like owned solar panels and a tankless water heater, and is described as 'truly move-in ready' with no signs of wear or deferred maintenance. All components meet current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Almost New Construction
Built in 2022, this home is nearly new, offering modern design, up-to-date features, and minimal immediate maintenance concerns for buyers.
- Energy Efficiency
Equipped with owned solar panels and a tankless water heater, the property provides significant long-term energy savings and a reduced environmental footprint.
- Premium Lot & Views
Situated on a premium lot backing to a peaceful reserve, the home boasts stunning hillside views and privacy with no rear neighbors.
CONSRISKS & DEFICIENCIES
- Small Lot Size
The 2,520 sqft lot is relatively small for a single-family residence, potentially limiting outdoor living space and appeal for buyers seeking larger yards.
- Monthly HOA Fee
A $275 monthly association fee adds to the ongoing cost of homeownership, which could be a consideration for budget-conscious buyers.
- Inconsistent Pricing History
The property has undergone several price adjustments, including drops and a recent increase, which might lead buyers to question its true market value or previous market challenges.
About 34742 Criollo Way
Welcome to 34742 Criollo Way, an almost-new home built just three years ago, ideally situated on a premium lot backing to a peaceful reserve with stunning views of the surrounding hills. This 3-bedroom, 2.5-bath residence offers modern design, energy efficiency, and privacy in a desirable Fallbrook setting. The light-filled floor plan features open and inviting living spaces, perfect for everyday living and entertaining. Enjoy seamless indoor-outdoor living with serene hillside views and no rear neighbors. The home is equipped with owned solar panels and a tankless water heater, providing energy efficiency and long-term savings. Upstairs, you’ll find a convenient laundry room with washer and dryer included, along with well-appointed bedrooms that offer comfortable retreats. The primary suite captures tranquil views and features an en-suite bath designed for relaxation. The refrigerator is also included, making this home truly move-in ready. There is comfort, scenic beauty, and low-maintenance living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2022
- Lot Size
- 2,520 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $275.0 / Month
Neighborhood Insights
Fallbrook Unified Schools
Live Oak Elementary School
Grades K-6 • 4.4 mi
Bonsall Elementary School
Grades K-5 • 5.5 mi
Maie Ellis Elementary
Grades K-6 • 6.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,691 | 2,281.5 | 24% |
| Lot Size | 2,520 | 26,571.5 | 12% |
| Price | $725.0K | $909.5K | 19% |
| Price per sq ft | $429 | $423 | 54% |
| Built year | 2022 | 1991 | 92% |
| HOA | $275.0 | $0 | 91% |
| Days on market | 64 | 178 | 11% |
Pricing History
Listed for Sale
Feb 4, 2026
$725,000
$699,900
+4% Price Increase
Initial Listing
Price Change
Jan 24, 2026
$699,900
$729,000
-4% Price Drop
Initial Listing
Price Change
Jan 15, 2026
$729,000
$729,900
+0% Price Increase
Initial Listing
Price Change
Jan 2, 2026
$729,900
Initial Listing
Sold
Aug 11, 2022
$678,500
Public Record