
Fallbrook, California 92028
This property presents a High-Potential Investment Opportunity with a List Price of $899,900—positioned well below the $854,948 Fair Market Value by -5%. Featuring a Fair Condition Rating, the home requires a full interior remodel, offering significant upside for forced appreciation. Key assets include a 0.36-acre lot, owned solar panels, and a spacious 5-bedroom floor plan. Located near Fallbrook High School, this project is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build equity through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 980 Cookie Lane Subject 5 bd · 3 ba · 2,544 sqft · $336 | $899,900* List Price | 5 | 3 | 2,544 | $336 | - |
A 377 Natalie Way Sold 4 bd · 3 ba · 2,291 sqft · $396 · 0.5 mi | $907,500 | 4 | 3 | 2,291 | $396 | 0.5 mi |
B 721 Highland Park Sold 4 bd · 3 ba · 2,197 sqft · $411 · 0.8 mi | $904,000 | 4 | 3 | 2,197 | $411 | 0.8 mi |
C 2157 Berwick Woods Sold 4 bd · 3 ba · 2,612 sqft · $404 · 0.9 mi | $1,055,000 | 4 | 3 | 2,612 | $404 | 0.9 mi |
D 1077 Felicidad Dr Sold 4 bd · 3 ba · 2,304 sqft · $313 · 0.7 mi | $720,000 | 4 | 3 | 2,304 | $313 | 0.7 mi |
E 2116 Kirkcaldy Sold 4 bd · 3 ba · 3,289 sqft · $336 · 1.0 mi | $1,105,000 | 4 | 3 | 3,289 | $336 | 1.0 mi |
F 1105 Via Prado Sold 4 bd · 3 ba · 2,000 sqft · $425 · 0.8 mi | $850,000 | 4 | 3 | 2,000 | $425 | 0.8 mi |
G 206 Via Oro Verde Sold 4 bd · 2 ba · 1,695 sqft · $442 · 0.6 mi | $750,000 | 4 | 2 | 1,695 | $442 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is over 30 years old (built in 1992) with no updates. The kitchen and bathrooms are completely original and highly dated, featuring 1990s oak cabinetry, white tile countertops, and old wallpaper. The listing explicitly notes the interior is ready for a full remodel.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15246, living area = 2544.
Situated directly across from a neighborhood park on a generous 0.36-acre lot, this property offers a premium position within the established Village Crest community.
The home features owned solar panels, providing a significant value-add that reduces long-term utility costs and enhances the property's sustainability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15246, other record lot size in square feet = 15076.
The interior is in original condition and requires a full remodel, necessitating additional capital investment to modernize the home to current market standards.
The property is subject to a $330 monthly association fee, which increases the total carrying cost compared to similar non-HOA homes in the Fallbrook area.
Opportunity awaits in the Village Crest of Fallbrook community! Situated across from a neighborhood park, this spacious 5 bedroom, 3 bathroom home offers approximately 2,544 square feet of living space on a generous 0.36 acre lot. The two story floor plan features a dramatic entry with vaulted ceilings, abundant natural light, a spacious living room, dining area, and large kitchen with ample cabinetry and center island. The primary suite offers a private retreat with vaulted ceilings, generous closet space, and access to an outdoor balcony overlooking the surrounding neighborhood. Additional bedrooms provide plenty of space for guests, an office, or flexible living arrangements. The home also features owned solar for added energy efficiency. While the interior is ready for updating, the size, floor plan, lot, and location provide an excellent opportunity to remodel and create a home that reflects your own style. Located within the Village Crest of Fallbrook community and directly across from a neighborhood park, this is a chance to bring your vision to an established Fallbrook neighborhood.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-6 • 1.3 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,544 | 2,343.723 |
| Lot Size | 15,246 | 46,829.322 |
| Price | $899.9K | $932.8K |
| Price per sq ft | $354 | $433 |
| Built year | 1992 | 1992 |
| HOA | $330.0 | $198 |
| Days on market | 31 | 60 |
Sep 24, 2026
$899,900
Initial Listing
Jun 21, 2004
$485,000
Public Record