
Fallbrook, California 92028
This Spacious Traditional Home represents a Strong Value Opportunity, listed at $799,000—positioned well below the $813,312 Fair Market Value by 1.76%. This valuation gap offers $14,312 in Instant Equity. Featuring a Condition Rating of 4, the property includes owned solar, an expansive half-acre lot, and a versatile lower-level bonus room. While cosmetic updates could modernize the 1976 interiors, the functional layout and outdoor amenities provide immediate lifestyle appeal. This is an ideal acquisition for Owner-Occupants seeking long-term value or first-time buyers prioritizing land and utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 472 E Kalmia Street Subject 4 bd · 2 ba · 2,074 sqft · $392 | $799,000* List Price | 4 | 2 | 2,074 | $392 | - |
A 717 Porter Road Sold 3 bd · 3 ba · 2,692 sqft · $284 · 0.2 mi | $765,000 | 3 | 3 | 2,692 | $284 | 0.2 mi |
B 177 Barhaven Lane Sold 4 bd · 3 ba · 1,924 sqft · $413 · 0.7 mi | $795,000 | 4 | 3 | 1,924 | $413 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, this home is well-maintained but reflects a dated aesthetic consistent with a 15-30 year old renovation cycle. While it features modern upgrades like owned solar and stainless steel appliances, the kitchen's tile countertops and the bathroom finishes are dated and would require updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21780, living area = 2074.
The half-acre property is a private retreat featuring a greenhouse, chicken coop, diverse fruit trees, and RV parking, offering exceptional outdoor utility and lifestyle appeal.
An expansive lower-level bonus room with direct exterior access and oversized storage provides a flexible footprint ideal for a home business, creative studio, or workshop.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1976, the home may require updates to its original systems or cosmetic finishes to meet modern aesthetic preferences and efficiency standards.
With local school ratings ranging between 4 and 6, the property may be less competitive for buyers specifically prioritizing high-performing educational districts.
Privacy, character, usable land, and endless possibilities, this Fallbrook gem has it all! Tucked away at the end of a quiet street, this charming 4-bedroom, 2-bathroom home offers 2,074 square feet of living space on a sprawling half-acre lot, complete with owned solar, abundant parking, and an incredible collection of outdoor spaces designed for entertaining, gardening, and relaxation. A welcoming shaded front porch invites you inside, where beautiful wood ceilings, a statement fireplace, and sliding glass doors opening to the front porch create a warm and inviting atmosphere with seamless indoor-outdoor living and picturesque views beyond. The formal dining room connects to a covered and enclosed deck, offering another inviting space to gather and enjoy the peaceful surroundings. Full of personality and charm, the kitchen showcases rich green cabinetry, white tile backsplash, stainless steel appliances, a center island, beautiful wood ceilings, an operable skylight welcoming fresh air, and a sink beneath a garden window overlooking the backyard. The primary suite offers direct patio access and a private ensuite bathroom with a soaking tub and separate shower. Adding exceptional versatility is an expansive lower-level bonus room with direct exterior access and oversized walk-in storage closets, ideal for a creative studio, workshop, home business workspace, or a variety of other uses. The oversized two-car garage also features an additional storage room perfect for tools, hobbies, or workshop space. Step outside and discover the true magic of this property! The fully usable half-acre offers multiple outdoor entertaining areas, front and rear porches, a built-in firepit, hot tub next to the outdoor shower, grassy areas, garden planter boxes, a greenhouse, chicken coop, several storage sheds, and a charming she shed or playhouse. An abundance of fruit trees; Avocado, Grapefruit, Macadamia nut, two Orange trees, and a canopy of Olive trees creates a lush, peaceful setting with inviting spaces to unwind throughout the property. An RV access gate, ample parking, and room for boat or recreational vehicle storage add even more functionality, while the generous lot offers exciting possibilities for future improvements or expansion. With paid-off solar, an oversized garage, incredible storage, and a private setting at the end of the street, this one-of-a-kind property offers a rare combination of charm, flexibility, and usable land. A truly special Fallbrook retreat with room to live, create, entertain, and make it your own!
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,074 | 2,343.723 |
| Lot Size | 21,780 | 46,829.322 |
| Price | $799.0K | $932.8K |
| Price per sq ft | $385 | $433 |
| Built year | 1976 | 1992 |
| HOA | $0 | $198 |
| Days on market | 4 | 60 |
Oct 21, 2026
$799,000
Initial Listing
Apr 4, 2001
$217,500
Public Record
Apr 11, 1997
$144,000
Public Record