
Fallbrook, California 92028
This Versatile Residential Estate is a High-Potential Investment Opportunity, listed at $1,200,000—positioned above the $1,088,852 Fair Market Value. While priced above current estimates, the property offers significant long-term value through its 3.7-acre lot, 35 paid-off solar panels, and a 355 sq. ft. ADU-style room. With a Fair Condition Rating, the home invites cosmetic modernization to unlock its full potential. This unique asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a private, sustainable sanctuary with multi-generational living capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 349 Puerta De Lomas Subject 4 bd · 3 ba · 2,422 sqft · $450 | $1,200,000* List Price | 4 | 3 | 2,422 | $450 | - |
A 4911 San Jacinto E Sold 3 bd · 3 ba · 2,927 sqft · $410 · 0.6 mi | $1,200,000 | 3 | 3 | 2,927 | $410 | 0.6 mi |
B 4880 San Jacinto Circle East Active 3 bd · 3 ba · 2,276 sqft · $527 · 0.7 mi | $1,200,000 List Price | 3 | 3 | 2,276 | $527 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, the property is over 25 years old and retains most of its original features. While exceptionally well-maintained by the original owner, the kitchen and bathrooms are dated, featuring 1990s-style cabinetry, tile countertops, and fluorescent light panels. Per the criteria, homes over 20 years old with dated interiors requiring updates are classified as Fair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 163350, living area = 2422.
The property is equipped with 35 paid-off solar panels and a private well, offering significant long-term energy efficiency and utility independence.
A unique garage complex features a 262 sq. ft. workshop and a 355 sq. ft. ADU-style room with a full bathroom, providing flexible space for guests, a home office, or a creative studio.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
As a one-owner home built in 1998, the interior finishes and systems may require updates to align with modern design trends and contemporary buyer expectations.
While the local elementary school is highly rated, the designated middle and high schools in the district have lower ratings, which may be a concern for families prioritizing education.
Welcome to 349 Puerta de Lomas, a truly special Fallbrook property being offered to the market for the first time since it was built in 1998. Lovingly maintained by the original owner, this peaceful and private property is surrounded by mature landscaping, beautiful oak trees, and an impressive variety of fruit trees including cherimoya, pomegranate, lime, guava, lemon, orange, and apple. The home is equipped with 35 paid-off solar panels, along with a private well and propane, offering added efficiency and independence. One of the most unique features of the property is the garage complex, which is connected to the main home by a charming covered breezeway that functions as a covered porch and creates a seamless connection between the living spaces. The garage includes an approximately 262 sq ft. attached workshop, ideal for hobbies, projects, or additional storage, along with an approximately 355 sq ft. ADU-style room featuring a large bathroom and walk-in shower. This flexible space would be ideal for guests, extended family, a private office, gym, or creative studio. Properties with this level of pride of ownership, mature landscaping, privacy, and versatility rarely become available. This is a unique opportunity to own a beautifully cared-for Fallbrook property that has never before been offered for sale.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades K-6 • 5.6 mi
Grades K-6 • 5.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,422 | 2,343.723 |
| Lot Size | 163,350 | 46,829.322 |
| Price | $1.20M | $932.8K |
| Price per sq ft | $495 | $433 |
| Built year | 1998 | 1992 |
| HOA | $0 | $198 |
| Days on market | 18 | 60 |
Oct 7, 2026
$1,200,000
Initial Listing
Nov 10, 1998
$50,000
Public Record