38083 De Luz Rd, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath
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Fallbrook, California 92028
Analysis of 38083 De Luz Rd, Fallbrook, California 92028 reveals a property with a current list price of $1,450,000, which is 6% above the estimated $1,355,188 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38083 De Luz Rd Subject | $1,450,000* List Price | 3 | 2 | 2,200 | $616 | - |
A 38064 De Luz Road Pending | $1,249,000 List Price | 3 | 3 | 2,475 | $505 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1982, the property has undergone significant renovations, including a 'completely remodeled kitchen, bath and bedrooms' with 'updated appliances and fixtures,' and 'new HVAC.' The kitchen, as seen in images, features updated cream-colored cabinets with a traditional glaze, wood-look countertops, and modern pendant lighting, making it move-in ready. The main living areas have clean travertine-style tile floors, and bedrooms are carpeted. While the overall aesthetic leans more traditional than ultra-modern, the extensive updates ensure the home is well-maintained and requires no immediate renovations, aligning with a 'Good' condition score.
The property is a true equestrian gem, offering 4 flat, usable acres legally zoned for 40 horses, complete with a barn, tack room/feed/workshop, multiple stalls (in/out and outside shelters), a lighted 220x90 sand arena, 2.5-acre pasture for turnouts, wash rack, and proximity to riding trails.
The ranch house features a completely remodeled kitchen, bath, and bedrooms with updated appliances and fixtures, an open floorplan, new HVAC, and desirable elements like travertine-style tile floors, a fireplace, and a hot tub.
The property boasts excellent infrastructure, including both a private well and city water, fast internet, a durable tile roof, and two RV pads with full hookups and separate septic systems, ensuring reliability and versatility.
The large 4-acre property, coupled with comprehensive equestrian facilities and dual utility systems (well/city water, multiple septic tanks), implies significant ongoing maintenance and operational costs for a prospective owner.
The property's highly specialized equestrian infrastructure, while a major asset for horse owners, may narrow the potential buyer pool, potentially impacting market time or resale value for those not seeking such extensive facilities.
Despite the large lot size and outdoor amenities, the property does not include a swimming pool, which is often a desired feature for luxury properties in Southern California, especially given the climate.
HARD TO FIND FALLBROOK EQUESTRIAN GEM-Private, quiet, 4 FLAT USABLE acres legal for 40 horses, less than 10 minutes to the grocery! with Barn, tack room/feed/workshop w/power/water, 2 Barn stalls with in and out, 2 huge outside Stalls with shelters corral, lighted 220 x 90 sand arena and 2.5 acre pasture for turnouts and wash rack. Country-elegant ranch house with completely remodeled kitchen, bath and bedrooms, updated appliances and fixtures, open floorplan, outside brick terrace with metal Gazebo w/ Mtn views, travertine style tile floors, fireplace in the great room and hot tub plus new HVAC (rarely needed) . Tile roof, fast Internet, private well, city water and two RV pads with full hookups plus separate septic. New vinyl fencing/gated -your own private Live Oak Park.Nr riding trail
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 2,200 | 2,414 | 40% |
| Lot Size | 172,062 | 30,492 | 91% |
| Price | $1.45M | $929.5K | 89% |
| Price per sq ft | $659 | $417 | 97% |
| Built year | 1982 | 1991 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 350 | 181 | 98% |
Oct 27, 2025
$1,450,000
Initial Listing
May 8, 2025
$1,500,000
Initial Listing