369 Falcon Crest Drive, LOMPOC, CA 93436, LOMPOC, 93436 - 3 bed, 3 bath
369 Falcon Crest Drive
LOMPOC, CA 93436
Property Price
SUMMARY
Analysis of 369 Falcon Crest Drive, LOMPOC, CA 93436 is currently available with a list price of $1,399,000. 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 LOMPOC 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2019, this home is virtually new. The kitchen features modern white shaker cabinets, white subway tile backsplash, white countertops, and stainless steel appliances, all in excellent condition. Bathrooms are also modern with updated vanities, fixtures, and tile work. The property boasts contemporary finishes throughout, including dark wood-look flooring in main areas, clean carpets in bedrooms, and recessed lighting, indicating no deferred maintenance and meeting current quality standards.
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 = 58370, living area = 2530.
- New Construction
Built in 2019, this home offers modern design, updated systems, and minimal immediate maintenance concerns, appealing to buyers seeking a move-in ready property.
- Expansive & Private Lot
Situated on a generous 1.34-acre lot, the property provides ample space, privacy, and potential for outdoor enhancements, a rare find in many markets.
CONSRISKS & DEFICIENCIES
- Price Discrepancy with Sales History
The current list price of $1.399M represents a significant increase from the 2020 ($600k) and 2021 ($850k) sales, which may require strong justification to potential buyers regarding market appreciation or property improvements.
- Modest Home Size for Lot & Price
At 2530 sqft with 3 bedrooms, the interior living space might be considered relatively modest given the expansive 1.34-acre lot and the $1.399M price point, potentially limiting appeal to buyers seeking a larger residence.
- Lompoc Market Specifics
While an exclusive enclave, Lompoc's overall market may not command the same premium as other more established luxury markets in California, potentially affecting the buyer pool and time on market for a property at this price point.
About 369 Falcon Crest Drive
Experience refined living in this exquisite 3-bed, 2.5-bath home built in 2019 on 1.34 acres in Falcon Heights, an exclusive enclave within the Country Club neighborhood. Soaring vaulted ceilings, expansive windows, and an open-concept layout bathe the interiors in natural light. The chef's kitchen flows into a spacious great room, perfect for entertaining. A 3-car tandem garage offers ample space for vehicles and storage. Enjoy serene views, local wildlife, and rocket launches from your backyard. Optional Mission Club membership available.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2019
- Lot Size
- 58,370.398 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $98 / Month
Neighborhood Insights
LOMPOC Unified Schools
Buena Vista Elementary School
Grades K-6 • 0.9 mi
Arthur Hapgood Elementary School
Grades K-6 • 4.8 mi
Lompoc Valley Middle School
Grades 7-8 • 4.8 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 | 2.0 | 64% |
| Square foot | 2,530 | 1,697 | 89% |
| Lot Size | 58,370.398 | 6,970 | 96% |
| Price | $1.40M | $630.0K | 96% |
| Price per sq ft | $553 | $377 | 96% |
| Built year | 2019 | 1963 | 97% |
| HOA | $98 | $0 | 87% |
| Days on market | 296 | 186 | 82% |
Pricing History
Listed for Sale
May 15, 2025
$1,399,000
Initial Listing
Sold
Aug 6, 2021
$850,000
Public Record
Sold
Dec 13, 2019
$600,000
Public Record
Sold
Aug 16, 2018
$2,758,000
Public Record
Sold
Dec 16, 2010
$3,000,000
Public Record