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522 S Pico, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 1 bath

522 S Pico, Fallbrook, California 92028 home-pic-0
ACTIVE$635,000$1,206/sqft
522 S Pico, Fallbrook, California 92028
3Beds
1Bath
1,206Sqft
6,534Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Mixed-Use Zoning & Versatility: Zoned Residential/Commercial, this property offers exceptional flexibility for a live/work lifestyle, business operations, or potential rental income, catering to entrepreneurs and investors alike.
Top Cons:
Unpermitted Tiny Home: The tiny home in the backyard is explicitly noted as 'NOT PERMITTED,' requiring the buyer to verify potential uses and possibly undertake permitting processes, which could involve additional time and cost.

Compared to the nearby listings

Price:$635.0K vs avg $867.5K ($-232,500)50%
Size:1,206 sqft vs avg 1,182 sqft50%
Price/sqft:$527 vs avg $73850%

More Insights

Built in 1949 (77 years old).
Condition: Built in 1949, this property is significantly aged. While it benefits from recent dual-pane window replacements and solar panel installation, there is no mention or visual evidence of major interior renovations, particularly for the kitchen and single bathroom. For a home of this age, it's highly probable that critical systems like plumbing, electrical, and HVAC are original or very outdated, requiring substantial repairs and rehabilitation to meet modern safety and functionality standards. The lack of interior photos, combined with the age and the functional limitation of only one bathroom for three bedrooms, suggests the interior is in a very dated condition and would necessitate significant investment.
Year Built
1949
Close
-
List price
$635K
Original List price
$635K
Price/Sqft
$527
HOA
-
Days on market
-
Sold On
-
MLS number
HD26004137
Home ConditionPoor
Features
View-

About this home

CALLING ALL BUSINESS OWNERS, ENTREPRENEURS THAT WOULD LIKE THE OPPORTUNITY TO WORK FROM HOME-LIFESTYLE OR CREATIVE INSITES ARE OPTIONS FOR THIS UNIQUE PROPERTY. A TRUE GEM IN THE HEART OF HISTORIC FALLBROOK! SMALL CREEK IN FRONT WITH WALK-WAY A PERFECT WAY TO RELAX WITH NATURE. THIS ONE-OF-A-KIND 3 BEDROOM 1 BATH WITH A CHARMING TINY HOME IN BACK YARD 1 BEDROOM 1 BATHROOM FUNCTIONAL KITCHENETTE, (NOT PERMITTED BUYER TO VERIFY POTENTIAL USES), FOR A BUSINESS OR RENTAL! GOOD SIZE UTILITY SHED IN BACKYARD AS WELL! ZONED RESIDENTIAL/COMMERCIAL! NEW DUAL PANE WINDOWS WERE RECENTLY DONE! THIS PROPERTY OFFERS THE BEST OF BOTH WORLDS-LIVE AND WORK IN THE VIBRANT HEART OF FALLBROOK! IDEALLY LOCATED WITHIN WALKING DISTANCE TO MOVIE THEATERS, SHOPPING, RESTAURANTS, AND EVERYDAY AMENITIES. WITHIN WALKING DISTANCE TO MAIN STREET, THE SITE OF REGULAR TOWN EVENTS IN THE SELF-PROCLAIMED "AVOCADO CAPITAL OF THE WORLD." WHETHER YOU'RE AN INVESTOR OR SOMEONE WHO WOULD LIKE TO HAVE A BUSINESS FROM THEIR HOME OR 1ST TIME HOME BUYER AND WOULD LIKE A FAMILY MEMBER TO HAVE THEIR OWN PLACE CLOSE TO YOU! THIS IS THE HOME FOR YOU! THIS PROPERTY/HOME/COMMERCIAL RESIDENTIAL OPPORTUNITY IS PACKED WITH POTENTIAL! MUST SEE!

D
Denise Lopez
Listing Agent

Price History

Date
Event
Price
02/05/24
Sold
$600,000
03/28/23
Sold
$560,000
08/20/21
Sold
$485,000
09/02/16
Sold
$343,000
03/29/10
Sold
$160,000
Condition Rating
Poor
Built in 1949, this property is significantly aged. While it benefits from recent dual-pane window replacements and solar panel installation, there is no mention or visual evidence of major interior renovations, particularly for the kitchen and single bathroom. For a home of this age, it's highly probable that critical systems like plumbing, electrical, and HVAC are original or very outdated, requiring substantial repairs and rehabilitation to meet modern safety and functionality standards. The lack of interior photos, combined with the age and the functional limitation of only one bathroom for three bedrooms, suggests the interior is in a very dated condition and would necessitate significant investment.
Pros & Cons

Pros

Mixed-Use Zoning & Versatility: Zoned Residential/Commercial, this property offers exceptional flexibility for a live/work lifestyle, business operations, or potential rental income, catering to entrepreneurs and investors alike.
Prime Walkable Location: Ideally situated in the heart of historic Fallbrook, the property boasts excellent walkability to Main Street, movie theaters, shopping, restaurants, and everyday amenities, enhancing convenience and lifestyle.
Additional Dwelling Unit (ADU) Potential: Features a charming tiny home in the backyard with 1 bedroom, 1 bathroom, and a functional kitchenette, offering significant potential for rental income, guest quarters, or a dedicated business space.
Recent Key Upgrades: The main house benefits from recently installed new dual-pane windows, contributing to improved energy efficiency, comfort, and reduced noise.
Natural Charm & Utility: A small creek with a walkway in front adds a unique natural aesthetic and relaxing element, complemented by a good-sized utility shed in the backyard for ample storage.

Cons

Unpermitted Tiny Home: The tiny home in the backyard is explicitly noted as 'NOT PERMITTED,' requiring the buyer to verify potential uses and possibly undertake permitting processes, which could involve additional time and cost.
Limited Bathroom Count: The main residence features only one bathroom for three bedrooms, which may present practical challenges or inconvenience for families or multiple occupants.
Age of Main Structure: Built in 1949, the main house is an older property, which, despite recent window upgrades, may imply the need for further updates or maintenance on other systems such as plumbing, electrical, or roofing.
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