3655 Lupine Lane, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath

3655 Lupine Lane, Fallbrook, California 92028 home-pic-0
ACTIVE$800,000$1,760/sqft
Est. Value: $524,493
-34%
AboveEstimate
3655 Lupine Lane, Fallbrook, California 92028
3Beds
2Baths
1,760Sqft
94,089.602Lot

Price Vs. Estimate

The estimated value ($524,493.04) is $275,506.96 (34%) lower than the list price ($800,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 94089, living area = 1760.
Top Cons:
Extensive Remodel Required: The property is sold 'AS-IS' and necessitates a complete remodel, implying substantial financial and time investment for renovation.

Compared to the nearby listings

Price:$800.0K vs avg $884.5K ($-84,500)42%
Size:1,760 sqft vs avg 2,249 sqft29%
Price/sqft:$455 vs avg $42366%

More Insights

Built in 1973 (53 years old).
Condition: Built in 1973, this property is over 50 years old and explicitly stated to require a 'complete remodel' and is sold 'AS-IS'. The images confirm this, showing missing or severely damaged flooring throughout, extremely outdated and worn kitchen cabinets, appliances, and countertops, and bathrooms with significant wear, dated fixtures, and peeling walls. The garage is essentially a shell. The property's condition aligns with being unlivable without extensive rehabilitation, making its value primarily in the land and redevelopment potential.
Year Built
1973
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$455
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2511589
Home ConditionTear down
Features
Excellent View: Panoramic
Patio
ViewPanoramic

About this home

Rare Multi-Parcel Estate or Investment Opportunity in Fallbrook. Exceptional opportunity to purchase a 3-bedroom, 2-bath home with 1,760 sq ft, attached 2-car garage, situated on a 2.16-acre parcel in Fallbrook’s desirable rolling countryside. The property is being sold AS-IS and requires a complete remodel, making it ideal for investors, builders, or buyers looking to create a custom residence or long-term estate. What makes this offering truly unique is the ability to purchase this home in combination with additional active listings, allowing a buyer to assemble nearly 10.5 acres across four parcels, each with its own water meter, an extremely rare and valuable asset. Additional Available Parcels (Sold Separately): • The neighboring 4.06-acre lot (MLS#: NDP2510861 - APN 107-210-63-00) is also available gentle, highly usable topography and a 1.5-inch water meter through Rainbow Water District, ideal for a custom estate, equestrian use, or additional structures. • Adjacent 4.24-acre combined listing consisting of two parcels (MLS#: NDP2510859, APNs 107-210-60-00 and 107-210-61-00), offering the opportunity to create an 8+ acre private estate when paired with the 4.06-acre parcel, or a nearly 10.5-acre compound when assembled with the home parcel. Together, these properties offer endless possibilities for a multi-generational estate, private compound, agricultural use, or strategic land investment. Land behind the house needs to be sold before or with this parcel. There is a road easement through the front parcel to the 4.24-acres (APNs 107-210-60-00 and 107-210-61-00) which is the combined listing of two parcels noted above. Conveniently located approximately 15 minutes to downtown Fallbrook, less than 10 minutes to I-15 or Highway 76. Enjoy scenic surroundings of rolling hills, citrus and avocado groves, nearby wineries, golf courses, hiking and equestrian trails, and a vibrant local community known for events such as the annual Fallbrook Avocado Festival, seasonal parades, and weekly farmers markets. Opportunities to acquire this amount of usable acreage with existing infrastructure in a prime Fallbrook location are extremely rare. Buyers interested in assembling multiple parcels are encouraged to contact the listing agent for full details and availability. Photos with boundary lines are approximate.

T
Tim Kirk
Listing Agent

Nearby schools

4/10
Live Oak Elementary School
Public,K-62.5mi
5/10
Maie Ellis Elementary
Public,K-64.7mi
8/10
Bonsall Elementary School
Public,K-55.0mi
4/10
James E. Potter Intermediate School
Public,7-82.7mi
7/10
Norman L. Sullivan Middle School
Public,6-83.8mi
5/10
Fallbrook High School
Public,9-123.6mi
5/10
Bonsall High
Public,9-123.8mi
Condition Rating
Tear down

Built in 1973, this property is over 50 years old and explicitly stated to require a 'complete remodel' and is sold 'AS-IS'. The images confirm this, showing missing or severely damaged flooring throughout, extremely outdated and worn kitchen cabinets, appliances, and countertops, and bathrooms with significant wear, dated fixtures, and peeling walls. The garage is essentially a shell. The property's condition aligns with being unlivable without extensive rehabilitation, making its value primarily in the land and redevelopment potential.
Pros & Cons

Pros

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 = 94089, living area = 1760.
Multi-Parcel Development Potential: Unique opportunity to combine with up to three additional parcels, creating a substantial 10.5-acre estate suitable for multi-generational living, equestrian use, or agricultural ventures.
Rare Infrastructure & Usable Land: Features multiple water meters across parcels and highly usable topography, a valuable and uncommon asset in this prime Fallbrook location.
Significant Customization Opportunity: Offered 'AS-IS' and requiring a complete remodel, this property presents an ideal blank canvas for investors or owner-builders to create a bespoke residence.
Expansive Acreage in Desirable Setting: The current 2.16-acre parcel is set within Fallbrook's picturesque rolling countryside, offering space, tranquility, and scenic views.
Strategic Location & Community Access: Conveniently located near downtown Fallbrook and major highways (I-15, Hwy 76), providing easy access to local amenities, wineries, golf courses, and a vibrant community.

Cons

Extensive Remodel Required: The property is sold 'AS-IS' and necessitates a complete remodel, implying substantial financial and time investment for renovation.
Contingent Sale Requirement: The sale is dependent on the prior or concurrent sale of the land behind the house, which could introduce complexities or delays to the transaction.
Existing Road Easement: A road easement through the front parcel to adjacent properties may affect privacy, land use, or future development options for the buyer.
Browse Properties by State Browse housing market trends by state