
Fallbrook, California 92028
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $1,000,000—positioned well below the $1,025,910 Fair Market Value by 2%. This valuation gap offers $25,910 in Instant Equity. With a Condition Rating of 3, the home features significant infrastructure upgrades, including a 2025 HVAC system and owned solar. The 1.02-acre lot offers ADU Potential and scenic hill views, making it an ideal acquisition for Owner-Occupants seeking long-term value or Investors targeting a high-utility, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4488 La Canada Subject 3 bd · 3 ba · 2,680 sqft · $373 | $975,000* List Price | 3 | 3 | 2,680 | $373 | - |
A 4472 La Canada Sold 4 bd · 3 ba · 2,911 sqft · $395 · 0.0 mi | $1,150,000 | 4 | 3 | 2,911 | $395 | 0.0 mi |
B 4417 Fallsbrae Road Sold 4 bd · 4 ba · 3,320 sqft · $365 · 0.3 mi | $1,213,000 | 4 | 4 | 3,320 | $365 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The home is well-maintained, functional, and move-in ready. While originally built in 1974, it features significant recent capital improvements including a new mini-split HVAC (2025), re-roof (2020), and new insulation (2026). The kitchen and bathrooms have been updated with granite countertops, stainless steel appliances, and modern cabinetry/tile work that fit well within a 5-15 year renovation timeline.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44431, living area = 2680.
The property boasts extensive recent improvements including a 2025 mini-split HVAC system, 2024 water filtration, 2020 re-roof, and owned solar panels, significantly reducing immediate capital expenditure for the buyer.
Situated on a generous 1.02-acre lot, the land is highly usable for agricultural pursuits, livestock, or a suburban farm, complemented by established fruit trees and multiple outdoor living decks.
Built in 1974, the home may require further cosmetic modernization to meet contemporary aesthetic standards despite its recent mechanical and structural updates.
While the elementary and middle schools are highly rated, the local high school carries a moderate rating of 5, which may be a consideration for families prioritizing top-tier secondary education.
Set against a backdrop of beautiful views and abundant natural light, this home offers the rare combination of usable land, flexible living space, and inviting indoor-outdoor living on a generous fully fenced and gated 1.02-acre lot.Thoughtfully improved and substantially updated over the past several decades, this Fallbrook property reflects years of care, investment, and attention to both comfort and functionality. Significant improvements completed within the last 20 years—and especially in recent years—include kitchen and bathroom remodel, a mini-split HVAC system installed in 2025, a whole-house water filtration system added in 2024, owned solar panels installed in 2014, a re-roof completed in 2020, and attic cleaning with new insulation completed in 2026. These meaningful upgrades create an opportunity for buyers to enjoy the character and setting of an established property enhanced by important modern improvements. Stunning decks extend from the living room and primary bedroom, while an additional deck in the rear yard provides even more space to relax, entertain, and take in the surrounding scenery. A sunroom with beautiful views creates another light-filled retreat for enjoying the peaceful setting throughout the year. Inside, natural light and expansive views contribute to a warm, welcoming atmosphere. The kitchen is equipped with stainless steel appliances, while a large downstairs room with its own bathroom offers exciting flexibility and potential for an ADU, guest quarters, home office, or additional living space. Outdoors, numerous established fruit trees enhance the property's character, and the expansive, fully fenced and gated lot provides both privacy and versatility. With ample usable acreage, there is room to explore possibilities such as a horse or livestock pens, expanded gardens, or a suburban farm. An oversized three-car garage providing generous parking, workshop, and storage capacity. Located in Fallbrook, a charming small town with its own downtown area, the property offers a peaceful setting with convenient access to beaches, Highway 76, I-5, I-15, shopping, dining, and everyday conveniences. With more than 40 years of thoughtful improvements, substantial recent upgrades, beautiful views, usable acreage, flexible living space, fruit trees, and multiple places to enjoy the outdoors, this is a property that deserves to be experienced in person to fully appreciate everything it has to offer.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades K-6 • 5.0 mi
Grades K-6 • 5.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,680 | 2,343.723 |
| Lot Size | 44,431 | 46,829.322 |
| Price | $975.0K | $932.8K |
| Price per sq ft | $364 | $433 |
| Built year | 1974 | 1992 |
| HOA | $0 | $198 |
| Days on market | 37 | 60 |
Oct 15, 2026
$975,000
$1,000,000
-2% Price Drop
Initial Listing
Sep 18, 2026
$1,000,000
Initial Listing
Mar 8, 2000
$240,000
Public Record
Jul 21, 1994
$190,000
Public Record