361 Shady Glen, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath
Loading property details...
361 Shady Glen
Fallbrook, California 92028
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,087Sq Ft
7,902Lot Size
Property Price
LIST PRICE$675,000
EST. MARKET VALUE
$682,529
SUMMARY
This Turnkey Single-Story Home is a Strong Value Opportunity, listed at $675,000—positioned well below the $682,530 Fair Market Value by 1%. This valuation gap offers $7,530 in Instant Equity. Featuring a Condition Rating of 3, the home includes a modernized kitchen, luxury vinyl plank flooring, and a spacious flat backyard with a covered patio. With no HOA and an assumable VA loan, this property is an ideal choice for first-time buyers or owner-occupants seeking a move-in-ready residence in a central location.
Estimated Market Value
$682,529
Based on Realkey algorithm analyzing recent comparable sales in Fallbrook.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 361 Shady Glen Subject 3 bd · 2 ba · 1,087 sqft · $628 | $675,000* List Price | 3 | 2 | 1,087 | $628 | - |
A 127 Brandenburg Lane Sold 3 bd · 2 ba · 1,232 sqft · $556 · 0.3 mi | $685,000 | 3 | 2 | 1,232 | $556 | 0.3 mi |
B 308 Retreat Court Sold 3 bd · 2 ba · 1,235 sqft · $559 · 0.5 mi | $690,000 | 3 | 2 | 1,235 | $559 | 0.5 mi |
C 1311 E Mission Sold 3 bd · 2 ba · 1,274 sqft · $549 · 0.6 mi | $700,000 | 3 | 2 | 1,274 | $549 | 0.6 mi |
D 741 Magarian Rd Sold 3 bd · 2 ba · 1,118 sqft · $604 · 0.5 mi | $675,000 | 3 | 2 | 1,118 | $604 | 0.5 mi |
E 801 La Palma Drive Sold 3 bd · 1 ba · 1,014 sqft · $705 · 0.5 mi | $715,000 | 3 | 1 | 1,014 | $705 | 0.5 mi |
F 641 N Main Avenue Sold 2 bd · 1 ba · 700 sqft · $679 · 0.8 mi | $475,000 | 2 | 1 | 700 | $679 | 0.8 mi |
G 612 N Main Sold 3 bd · 2 ba · 1,200 sqft · $550 · 0.7 mi | $660,000 | 3 | 2 | 1,200 | $550 | 0.7 mi |
H 860 Magarian Active 3 bd · 2 ba · 1,112 sqft · $625 · 0.6 mi | $695,000 List Price | 3 | 2 | 1,112 | $625 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1985, the home has undergone significant renovations including an updated kitchen with granite countertops and stainless steel appliances, updated bathrooms, and luxury vinyl plank flooring. The property appears well-maintained, functional, and move-in ready, consistent with a 5-15 year renovation age.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7902, living area = 1087.
- Modern Interior Updates
The home features contemporary upgrades including luxury vinyl plank flooring, updated windows, and a modernized kitchen, offering a turnkey experience for buyers seeking a move-in-ready property.
- Financial Advantages
The absence of HOA fees combined with an assumable VA loan opportunity provides significant monthly savings and unique financing flexibility in the current market.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At 1,087 square feet for a three-bedroom layout, the interior living spaces and bedrooms may feel constrained for families requiring more generous square footage.
- Average School Ratings
The assigned middle and high schools carry average ratings of 4 and 5, which may be a consideration for buyers prioritizing top-tier educational performance scores.
About 361 Shady Glen
Beautifully Updated Single-Story Home with NO HOA! Discover the perfect blend of comfort, style, and convenience in this light-filled home featuring an inviting living room with cozy fireplace, updated kitchen, luxury vinyl plank flooring, and updated windows throughout. Meander outside to a spacious, flat backyard complete with covered patio offering endless possibilities for entertaining, gardening, or creating your dream outdoor retreat. An attached 2-car garage, nearby Fallbrook skate park, add even more appeal. Located just blocks from the heart of downtown Fallbrook, you'll love the proximity to local shops, restaurants, entertainment venues, and community gathering spaces. With easy access to I-15 less than 10 minutes away, commuting throughout North San Diego County and beyond is simple and convenient. This well-appointed home offers an exceptional value in one of Fallbrook's most central locations. Don't miss your chance to make it yours!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1985
- Lot Size
- 7,902 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Fallbrook Unified Schools
La Paloma Elementary School
Grades K-6 • 0.4 mi
6/10
Maie Ellis Elementary
Grades K-6 • 0.7 mi
5/10
James E. Potter Intermediate School
Grades 7-8 • 1.4 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,087 | 2,343.723 |
| Lot Size | 7,902 | 46,829.322 |
| Price | $675.0K | $932.8K |
| Price per sq ft | $621 | $433 |
| Built year | 1985 | 1992 |
| HOA | $0 | $198 |
| Days on market | 3 | 60 |
Pricing History
Listed for Sale
Oct 22, 2026
$675,000
Initial Listing
Sold
Sep 2, 2022
$627,500
Public Record