550 Meadowood Street, Fallbrook, California 92028, Fallbrook, 92028 - 4 bed, 3 bath
550 Meadowood Street
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 550 Meadowood Street, Fallbrook, California 92028 reveals a property with a current list price of $999,000, which is 10% above the estimated $901,967 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 550 Meadowood Street Subject | $999,000* List Price | 4 | 3 | 2,341 | $385 | - |
A 440 Calabrese Street Sold | $869,500 | 3 | 3 | 2,285 | $381 | 0.3 mi |
B 238 Ventasso Way Sold | $900,000 | 4 | 3 | 2,437 | $369 | 0.8 mi |
C 35783 Bay Morgan Lane Sold | $930,000 | 3 | 3 | 2,654 | $350 | 0.5 mi |
D 691 Meadowood St Lot 326 Lot 326 Sold | $949,184 | 4 | 2 | 2,418 | $393 | 0.2 mi |
E 264 Hass Lane Sold | $780,000 | 5 | 3 | 2,209 | $353 | 0.4 mi |
F 35164 Bergamot Cove Active | $889,000 List Price | 4 | 3 | 2,341 | $380 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property is a 2024 new construction home that meets the highest standards of modern quality. It features premium LVP flooring, high-end designer finishes, a contemporary open-concept kitchen, and brand-new systems throughout. As a newly built residence, there is no deferred maintenance or physical depreciation, making it a turnkey luxury offering.
PROSSTRENGTHS & OPPORTUNITIES
- Modern New Construction
Built in 2024, this move-in-ready home features contemporary architectural lines, premium LVP flooring, and high-end designer finishes throughout, ensuring a turnkey experience.
- Versatile Floor Plan
The desirable Pomelo Plan 3 includes a rare downstairs bedroom and full bathroom plus a spacious upstairs loft, offering excellent flexibility for multi-generational living or a home office.
- Panoramic Westerly Views
Thoughtfully oriented to capture breathtaking sunsets, the property boasts elevated westerly views that can be enjoyed from both the private balcony and the landscaped yard.
CONSRISKS & DEFICIENCIES
- Significant Price Appreciation
The listing price reflects a substantial increase from its late 2024 sale price of $863,500, which may require strong market justification for appraisal purposes.
- Recurring Association Fees
The $210 monthly HOA fee adds a permanent layer to the property's carrying costs, which may be a deterrent for buyers seeking a more traditional, non-governed neighborhood.
About 550 Meadowood Street
POMELO Plan 3 - one of the most desirable floor plans in Citro with a downstairs bedroom and full bathroom and a spacious loft upstairs. Step into this newer, modern residence designed to impress with clean architectural lines, upscale finishes, and breathtaking westerly views. The home is thoughtfully oriented to capture glowing sunsets and evening skies, best enjoyed from the private balcony or the fabulous yard, perfect for relaxing or entertaining. Inside, the home showcases extensive high-end upgrades, blending style and functionality. The open concept living spaces are filled with abundant natural light and feature designer finishes, premium LVP flooring throughout and refined details that elevate everyday living. The modern kitchen flows seamlessly into the main living areas, ideal for hosting and gatherings. Upstairs living provides a sense of privacy and comfort, while the overall layout offers a perfect balance of elegance and practicality. From the elevated views to the contemporary design and move-in-ready condition, this home delivers modern luxury at its finest.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2024
- Lot Size
- 5,700 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $210.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,341 | 2,285 | 52% |
| Lot Size | 5,700 | 26,571.5 | 21% |
| Price | $999.0K | $917.5K | 56% |
| Price per sq ft | $427 | $423 | 54% |
| Built year | 2024 | 1991 | 95% |
| HOA | $210.0 | $0 | 88% |
| Days on market | 4 | 178 | 5% |
Pricing History
Listed for Sale
Mar 3, 2026
$999,000
Initial Listing
Sold
Sep 27, 2024
$863,500
Public Record