5014 Lake Circle Road, Fallbrook, California 92028, Fallbrook, 92028 - 4 bed, 3 bath
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5014 Lake Circle Road
Fallbrook, California 92028
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,462Sq Ft
5,354Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$842,282
5% BelowMARKET VALUE
SUMMARY
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $799,000—positioned well below the $848,966 Fair Market Value by 5%. This valuation gap offers $49,966 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home offers a chef's kitchen, private backyard with mountain views, and two covered patios. Ideally located for commuters near I-15, this property is an excellent fit for Owner-Occupants or first-time buyers seeking a move-in ready home with long-term appreciation potential.
Estimated Market Value
$842,282+$43,282 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Fallbrook.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5014 Lake Circle Road Subject 4 bd · 3 ba · 2,462 sqft · $342 | $799,000* List Price | 4 | 3 | 2,462 | $342 | - |
A 3528 Lake Shore Ave Sold 4 bd · 3 ba · 2,149 sqft · $383 · 0.3 mi | $822,500 | 4 | 3 | 2,149 | $383 | 0.3 mi |
B 3323 Avocado Vista Sold 4 bd · 3 ba · 2,437 sqft · $332 · 0.6 mi | $810,000 | 4 | 3 | 2,437 | $332 | 0.6 mi |
C 3620 Lake Park Sold 3 bd · 3 ba · 1,970 sqft · $391 · 0.1 mi | $770,000 | 3 | 3 | 1,970 | $391 | 0.1 mi |
D 3605 Lake Circle Dr Sold 4 bd · 3 ba · 2,254 sqft · $354 · 0.2 mi | $799,000 | 4 | 3 | 2,254 | $354 | 0.2 mi |
E 3958 Lake Park Sold 3 bd · 3 ba · 1,970 sqft · $386 · 0.3 mi | $760,000 | 3 | 3 | 1,970 | $386 | 0.3 mi |
F 3709 Lake Shore Sold 3 bd · 3 ba · 1,970 sqft · $414 · 0.1 mi | $815,000 | 3 | 3 | 1,970 | $414 | 0.1 mi |
G 5034 Lake Circle Road Sold 4 bd · 3 ba · 2,462 sqft · $361 · 0.1 mi | $888,000 | 4 | 3 | 2,462 | $361 | 0.1 mi |
H 3404 Lake Circle Sold 5 bd · 3 ba · 2,437 sqft · $369 · 0.4 mi | $899,000 | 5 | 3 | 2,437 | $369 | 0.4 mi |
I 4106 Lake Circle Active 3 bd · 3 ba · 1,970 sqft · $393 · 0.4 mi | $775,000 List Price | 3 | 3 | 1,970 | $393 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2001, this 23-year-old home is exceptionally well-maintained and move-in ready. The kitchen has been refreshed with stainless steel appliances and painted cabinetry, while the bathrooms and flooring appear clean and functional. The exterior and systems show signs of consistent maintenance, placing it in the 'Good' category despite being slightly over the 20-year mark.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Privacy & Outdoor Living
The property features a private backyard with no rear neighbors, complemented by two covered patios and a built-in fire pit, offering a secluded space for entertaining.
- Commuter-Friendly Location
Ideally situated with quick access to I-15 and Highway 76, providing a convenient midpoint for those commuting between North County San Diego and Temecula.
- Spacious & Functional Layout
The 2,462 sqft interior includes a large chef's kitchen with a center island and a luxurious primary suite featuring a private balcony with mountain views.
CONSRISKS & DEFICIENCIES
- Compact Lot Size
At 5,354 sqft, the lot is relatively modest for a home of this size, which may limit yard space for buyers seeking the larger acreage often found in Fallbrook.
- School Proximity
While the assigned schools have strong ratings, the elementary and high schools are located nearly 5 miles away, requiring a longer commute for families.
About 5014 Lake Circle Road
Tucked away in the foothills of Fallbrook, this spacious two-story home is located in the sought-after Lake Rancho Viejo community, offering exceptional backyard privacy with no homes directly behind and easy access to I-15 and Highway 76. The home offers generous living space and plenty of natural light. The spacious kitchen features a large center island, stainless steel appliances, ample cabinetry and a pantry, with the family room just off the kitchen featuring a fireplace and built-in cabinetry. Upstairs, the oversized primary suite features a private balcony, large walk-in closet and ensuite bath with dual sinks, soaking tub and separate shower. An upstairs laundry room and plenty of storage complete the second level. Outside, enjoy two covered outdoor living areas, including a patio beneath the balcony and an additional vinyl-covered patio, along with a built-in fire pit and garden space. With no homes directly behind, the backyard offers a private setting with plenty of room to relax or entertain. Ideally positioned between North County San Diego and Temecula, with convenient access in either direction.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 5,354 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $82.0 / Month
Neighborhood Insights
Fallbrook Unified Schools
Bonsall Elementary School
Grades K-5 • 4.8 mi
8/10
Norman L. Sullivan Middle School
Grades 6-8 • 2.3 mi
7/10
Bonsall High
Grades 9-12 • 2.3 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,462 | 2,343.723 |
| Lot Size | 5,354 | 46,829.322 |
| Price | $799.0K | $932.8K |
| Price per sq ft | $325 | $433 |
| Built year | 2001 | 1992 |
| HOA | $82.0 | $198 |
| Days on market | 45 | 60 |
Pricing History
Listed for Sale
Sep 10, 2026
$799,000
Initial Listing
Sold
Feb 3, 2017
$475,000
Public Record
Sold
Jun 22, 2001
$279,000
Public Record