
Fallbrook, California 92028
This Turnkey Single-Story Estate represents a Strong Value Opportunity, listed at $989,900—positioned well below the $1,062,175 Fair Market Value by 6%. This valuation gap provides $72,275 in Instant Equity. Featuring an Excellent Condition Rating, the home includes a modern kitchen, saltwater pool, and a versatile detached building for remote work. Located in the Fallbrook Union district, this property offers a premium lifestyle for discerning homeowners or lifestyle-focused buyers seeking a move-in ready sanctuary with significant long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 929 Pepper Tree Lane Subject | $989,900* List Price | 3 | 2 | 2,280 | $466 | - |
A 1304 Farrand Road Sold | $1,030,000 | 4 | 3 | 2,429 | $424 | 0.3 mi |
B 2020 Avocado Knoll Lane Sold | $1,200,000 | 4 | 3 | 2,415 | $497 | 0.5 mi |
C 1370 Friends Way Sold | $978,572 | 3 | 3 | 1,924 | $509 | 0.5 mi |
D 1147 Sea Larke Drive Sold | $950,000 | 4 | 3 | 2,426 | $392 | 0.4 mi |
E 1003 Via Unidos Sold | $900,000 | 3 | 2 | 1,624 | $554 | 0.6 mi |
F 1285 S Stage Coach Ln Sold | $1,070,000 | 3 | 3 | 2,626 | $407 | 0.7 mi |
G 1402 Broken Arrow Sold | $932,000 | 4 | 3 | 2,369 | $393 | 0.6 mi |
H 929 Pepper Tree Lane Active | $989,000 List Price | 3 | 2 | 2,280 | $434 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1978, the property has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with shaker cabinets and farmhouse sink, updated bathrooms with contemporary tile and vanities, and new LVP flooring throughout. The addition of 220V EV charging and smart home systems indicates updated electrical infrastructure, placing it in mint, move-in condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28314, living area = 2280.
The expansive .65-acre lot features a sparkling saltwater pool, large patio areas, and a diverse private orchard with mature fruit trees, offering a premium Southern California lifestyle.
A separate powered building provides significant added value, serving as a flexible space for a home office, gym, or art studio, complemented by additional areas suitable for potential ADU development.
The property utilizes a leased solar system rather than an owned one, which requires a contract transfer and ongoing monthly obligations that may deter some buyers.
Despite being move-in ready, the property's return to market due to previous buyer non-performance can create a perceived stigma or 'days on market' concern for sensitive buyers.
Price reduction .. Shows really great!! Previous buyers were unable to perform, giving you another opportunity to own this beautiful Fallbrook estate. Don't let the market time fool you. This move-in ready home shows exceptionally well, offers incredible value, privacy, and resort-style living, and must be experienced in person to truly appreciate everything it has to offer. Their loss is your opportunity! Tucked away on a peaceful .65-acre lot in the rolling hills of Fallbrook, this private single-story estate offers approximately 2,280 square feet with 3 bedrooms and 2 bathrooms, spacious light-filled living areas, an upgraded kitchen with modern finishes, Bluetooth-integrated smart home features, and flexible living spaces designed for today's lifestyle. Step outside to your own backyard retreat featuring a sparkling saltwater pool, expansive patio areas, and mature fruit trees including fig, blood orange, peach, apple, lemon, and more, creating the perfect setting for entertaining or simply relaxing in the peaceful surroundings. A detached powered building offers endless possibilities as a home office, gym, workshop, art studio, hobby room, or private retreat. The property also offers potential ADU locations and container storage areas for buyer and contractor review. Additional highlights include an oversized driveway with abundant parking, an oversized 2-car garage with 220-volt EV charging capable of accommodating full-size trucks, water-wise landscaping, and leased solar. If you've been searching for privacy, space, and the Southern California lifestyle you've been dreaming of, don't miss this second chance. Schedule your private showing today and come see why this exceptional property feels even better in person than it does online!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,280 | 2,314.399 |
| Lot Size | 28,314 | 47,267.225 |
| Price | $989.9K | $919.6K |
| Price per sq ft | $434 | $428 |
| Built year | 1978 | 1992 |
| HOA | $0 | $195 |
| Days on market | 20 | 59 |
Aug 21, 2026
$989,900
Initial Listing
Aug 20, 2026
$989,000
Initial Listing
Mar 17, 2023
$955,000
Public Record
Mar 16, 2021
$757,000
Public Record
Sep 1, 1998
$230,000
Public Record