5051 Lake Circle Road, Fallbrook, California 92028, Fallbrook, 92028 - 5 bed, 3 bath
5051 Lake Circle Road
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 5051 Lake Circle Road, Fallbrook, California 92028 reveals a Prime Investment Opportunity with a current list price of $859,000—significantly undercutting the $918,398 Fair Market Value by 6%. This valuation gap indicates a +$59,398 Instant Equity potential for buyers. 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 |
|---|---|---|---|---|---|---|
★ 5051 Lake Circle Road Subject | $859,000* List Price | 5 | 3 | 2,782 | $330 | - |
A 4163 Lake Circle Drive Sold | $760,000 | 3 | 3 | 1,970 | $386 | 0.5 mi |
B 5058 Lake Circle Rd Sold | $799,000 | 4 | 3 | 2,462 | $325 | 0.0 mi |
C 3646 Lake Shore Road Sold | $840,000 | 4 | 3 | 2,945 | $285 | 0.2 mi |
D 3848 Lake Park Sold | $875,000 | 4 | 3 | 2,414 | $362 | 0.2 mi |
E 4016 Lake Shore Lane Sold | $785,000 | 3 | 3 | 1,970 | $398 | 0.3 mi |
F 3450 Lake Park Avenue Sold | $775,000 | 4 | 3 | 2,149 | $361 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant recent updates including new quartzite kitchen countertops with full backsplashes, fresh interior paint, and paid-for solar panels. While the home was built in 2002, it has been well-maintained with modern functional enhancements like a new whole-house attic fan and epoxy garage flooring, meeting the criteria for a well-maintained home with updated components.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency & Modern Upgrades
The property features fully paid-for solar panels and a new whole-house attic fan, complemented by recent interior refreshes including new quartzite countertops and fresh paint throughout.
- Premium Lot Positioning
Located on a quiet cul-de-sac, the home backs directly onto a permanent open space preserve, ensuring maximum privacy and unobstructed views with no neighbors behind.
- Highly Desirable School District
Situated within the sought-after Bonsall Unified School District, the property offers access to top-rated schools, including Bonsall Elementary and Sullivan Middle School.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Limited Outdoor Space
With a lot size of 4,675 sqft for a nearly 2,800 sqft home, the backyard space is relatively compact, which may be a drawback for buyers seeking large gardens or private pools.
- Pricing Volatility
The listing has undergone multiple significant price reductions from its peak of $960,000 down to $859,000, which may indicate initial overpricing or extended days on market.
About 5051 Lake Circle Road
Hard to find 5 bedroom family home in Lake Rancho Viejo! Bonsall School district! This property has so much to offer! PAID FOR SOLAR! New quartzite counter tops with full back splashes in kitchen! Fireplace in Family room. New paint throughout! New Whole house attic fan! New epoxy pebble floor in the 3 car garage, newer Alumawood patio cover in all landscaped rear yard. Primary bedroom has a 2 sided fireplace and has an adjacent side retreat or nursery room. HUGE walk in closet! Convenient upstairs laundry room. Fire sprinklers throughout! No one behind as this property backs up to open space preserve. Private and quiet Cul de sac location, Lake Rancho Viejo offers scenic walking trails, parks and playgrounds and recreational areas! Easy access to I-15!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 4,675 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $72.0 / Month
Neighborhood Insights
Fallbrook Unified Schools
Bonsall Elementary School
Grades K-5 • 4.8 mi
Norman L. Sullivan Middle School
Grades 6-8 • 2.2 mi
Bonsall High
Grades 9-12 • 2.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,782 | 2,285 | 65% |
| Lot Size | 4,675 | 26,571.5 | 14% |
| Price | $859.0K | $909.5K | 43% |
| Price per sq ft | $309 | $422 | 11% |
| Built year | 2002 | 1991 | 64% |
| HOA | $72.0 | $0 | 71% |
| Days on market | 50 | 178 | 8% |
Pricing History
Listed for Sale
Feb 26, 2026
$859,000
$889,000
-3% Price Drop
Initial Listing
Price Change
Feb 3, 2026
$889,000
$960,000
-7% Price Drop
Initial Listing
Price Change
Jan 24, 2026
$960,000
Initial Listing
Price Change
Jan 22, 2026
$940,000
Initial Listing
Sold
Aug 5, 2016
$475,000
Public Record
Sold
Jul 27, 2001
$313,500
Public Record