860 Magarian, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath
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860 Magarian
Fallbrook, California 92028
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,112Sq Ft
7,584Lot Size
Property Price
LIST PRICE$695,000
EST. MARKET VALUE
$676,207
SUMMARY
This Single Family Residence is a High-Potential Investment Opportunity, listed at $695,000—positioned well above the $568,434 Fair Market Value by 22%. While the property lacks an equity gap, it offers a Condition Rating of 3, featuring a renovated kitchen with cherry cabinetry, quartz countertops, and energy-efficient dual-pane windows. The expansive 7,584 sqft lot includes a versatile detached shed with electricity and a private patio. Located near top-rated schools like La Paloma Elementary, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle.
Estimated Market Value
$676,207
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 |
|---|---|---|---|---|---|---|
★ 860 Magarian Subject 3 bd · 2 ba · 1,112 sqft · $608 | $695,000* List Price | 3 | 2 | 1,112 | $608 | - |
A 832 Magarian Sold 3 bd · 2 ba · 1,112 sqft · $607 · 0.1 mi | $675,000 | 3 | 2 | 1,112 | $607 | 0.1 mi |
B 741 Magarian Rd Sold 3 bd · 2 ba · 1,118 sqft · $604 · 0.2 mi | $675,000 | 3 | 2 | 1,118 | $604 | 0.2 mi |
C 801 La Palma Drive Sold 3 bd · 1 ba · 1,014 sqft · $705 · 0.1 mi | $715,000 | 3 | 1 | 1,014 | $705 | 0.1 mi |
D 1311 E Mission Sold 3 bd · 2 ba · 1,274 sqft · $549 · 1.0 mi | $700,000 | 3 | 2 | 1,274 | $549 | 1.0 mi |
E 308 Retreat Court Sold 3 bd · 2 ba · 1,235 sqft · $559 · 0.8 mi | $690,000 | 3 | 2 | 1,235 | $559 | 0.8 mi |
F 946 Woodcreek Road Sold 3 bd · 2 ba · 1,537 sqft · $445 · 0.2 mi | $684,000 | 3 | 2 | 1,537 | $445 | 0.2 mi |
G 715 Las Ramblas Pending 3 bd · 2 ba · 1,243 sqft · $571 · 0.2 mi | $709,990 List Price | 3 | 2 | 1,243 | $571 | 0.2 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 1960 but features a renovated kitchen with cherry cabinetry and quartz countertops (estimated 5-15 years old), updated dual-pane windows, and solar panels. The interior shows well-maintained original hardwood floors and is move-in ready, meeting the criteria for a functional, updated older home.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7584, living area = 1112.
- No HOA or Mello-Roos
The property is free from HOA fees and Mello-Roos assessments, providing significant monthly savings and greater freedom for the homeowner compared to many modern developments.
- Updated Interior with Classic Charm
The home features a desirable blend of original hardwood flooring alongside modern upgrades, including updated quartz countertops, cherry cabinetry, and energy-efficient dual-pane windows.
CONSRISKS & DEFICIENCIES
- Compact Living Space & Older Build
Built in 1960, the home has a relatively small footprint of 1,112 square feet for a 3-bedroom, 2-bathroom layout, which may feel restrictive for buyers seeking spacious, modern floor plans.
- Recent Price Increase
The listing price was recently increased from $655,000 to $695,000, which may reduce its competitive edge and deter price-sensitive buyers in the current market.
About 860 Magarian
Welcome to 860 Magarian Rd in the heart of Fallbrook — a charming single-story home offering comfort, privacy, and convenience on a quiet corner lot. This 3-bedroom, 2-bath residence features approximately 1,112 square feet of living space with timeless original hardwood flooring, dual-pane windows, cherry cabinetry, and updated quartz countertops. The bright, functional layout creates a warm and inviting atmosphere throughout. Step outside to enjoy the spacious backyard, perfect for entertaining, gardening, or simply relaxing in your own private outdoor retreat. A detached shed with electricity provides excellent flexibility for storage, a workshop, or creative space. The attached two-car garage and extended driveway offer ample parking. Ideally located just minutes from the Village of Fallbrook, local dining and shopping, and a short drive to Camp Pendleton, this property combines small-town charm with everyday convenience. With no HOA or Mello-Roos, this home is an exceptional opportunity to enjoy Southern California living at its best.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 7,584 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Fallbrook Unified Schools
La Paloma Elementary School
Grades K-6 • 0.4 mi
6/10
Maie Ellis Elementary
Grades K-6 • 1.2 mi
5/10
James E. Potter Intermediate School
Grades 7-8 • 0.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,112 | 2,343.723 |
| Lot Size | 7,584 | 46,829.322 |
| Price | $695.0K | $932.8K |
| Price per sq ft | $625 | $433 |
| Built year | 1960 | 1992 |
| HOA | $0 | $198 |
| Days on market | 68 | 60 |
Pricing History
Price Change
Aug 18, 2026
$655,000
Initial Listing
Listed for Sale
Aug 18, 2026
$695,000
Initial Listing
Sold
Apr 27, 2022
$635,000
Public Record
Sold
Jul 29, 2014
$315,000
Public Record
Sold
Nov 9, 2012
$245,000
Public Record
Sold
Aug 6, 2012
$150,000
Public Record
Sold
Apr 27, 2007
$385,000
Public Record