38083 De Luz Rd, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath
38083 De Luz Rd
Fallbrook, California 92028
Property Price
SUMMARY
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.
Estimated Market Value
Comparable Sales Map
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Equestrian Facilities
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.
- Modernized Interior & Amenities
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.
- Robust & Redundant Utilities
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.
CONSRISKS & DEFICIENCIES
- Extensive Maintenance Demands
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.
- Niche Market Appeal
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.
- Absence of a Swimming Pool
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.
About 38083 De Luz Rd
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
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1982
- Lot Size
- 172,062 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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 32% |
| Square foot | 2,200 | 2,281.5 | 46% |
| Lot Size | 172,062 | 27,007.1 | 89% |
| Price | $1.45M | $917.5K | 89% |
| Price per sq ft | $659 | $423 | 97% |
| Built year | 1982 | 1991 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 303 | 179 | 92% |
Pricing History
Listed for Sale
Oct 27, 2025
$1,450,000
Initial Listing
Price Change
May 8, 2025
$1,500,000
Initial Listing