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3162 Reche Road, Fallbrook, CA 92028

$899K3bd · 3ba · 2,364 sqft
Lot 56,628 sqft•Single Family Residence•
Active
•76d on market•MLS# NP-26181425

Property Description

NEW PRICE! 1.3 USABLE ACRES | NO HOA | LOW TAXES | SOLAR | A FRESH OPPORTUNITY IN FALLBROOK! Space, flexibility, and the opportunity to create something uniquely your own, now at an exceptional value. Set on approximately 1.3 usable, fully fenced acres, this 3-bedroom, 3-bath Fallbrook home offers approximately 2,364 square feet of living space along with the land and versatility that are increasingly hard to find at this price point. The main level is designed for gathering and everyday living, with abundant natural light, scenic hillside views, luxury vinyl plank flooring, and a spacious family room anchored by a striking rock fireplace. Upstairs, all three bedrooms create a private separation from the living areas below. The primary suite features its own fireplace, private balcony, and spacious ensuite bath with soaking tub and oversized shower. Outside is where the opportunity expands. A large covered wraparound patio creates generous outdoor living and entertaining space, while the acreage offers room to imagine a lifestyle tailored to you. Mature lemon and pomegranate trees are already established, and the south-facing property enjoys excellent sun exposure. Whether your vision includes additional gardens or orchard plantings, a hobby vineyard, equestrian use, a pool, workshop, recreational space, or exploring the potential for an ADU or additional improvements, the property offers a versatile canvas for the next owner. Buyers to independently verify all desired uses, zoning, permitting, and development potential. The property is fully fenced and offers substantial usable outdoor space without the restrictions of an HOA. Recent improvements include termite and wood repairs, a roof tune-up, and more, giving the next owner a well-prepared foundation to personalize and enhance over time. Owned solar adds energy savings, with a transferable warranty and performance guarantee. Solar is financed, and the buyer is to assume the solar loan, subject to lender approval. Located minutes from downtown Fallbrook, Live Oak Park, wineries, shopping, dining, and convenient freeway access, this property combines acreage and breathing room with accessibility to everyday amenities. Now offered at $899,000, this is one of the best values for acreage in Fallbrook and an opportunity to own more than a home. It’s an opportunity to create your own version of the Fallbrook lifestyle. Come see the land, the possibilities, and the value for yourself!

Features & Amenities

FallbrookFeeBuilt 1990

Property Details

Subdivision
Fallbrook
Land Type
Fee
Year Built
1990
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Forced Air
Cooling
Central Air
View
Hills, Mountain(s), Vineyard
Flooring
Vinyl, Carpet, See Remarks
City
Fallbrook
Zip Code
92028
County
San Diego
Listed byCompass, Jaime L. Weber

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,545.83
Principal & Interest
Loan Amount
$719,200
Total Interest
$917,300
Total Payment Over 30 Years
$1,636,500
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Fallbrook

This property is located in Fallbrook, a community in Fallbrook. Explore more listings in this neighborhood to compare options and pricing.

View Fallbrook Listings

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

3162 Reche Road, Fallbrook, CA 92028

Fallbrook · Fallbrook · Single Family Residence

$939K
Residential Tier
Beds
3
Baths
3
Sqft
2,364
Lot
1.30 ac
Year
1990
$/Sqft
$397
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 2-car✓

Listed in line with the median closed sale of $935,000.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $939K· $397/sqft
Total list price
Closed comps
vs closed median $935K
+$4K (+0.4%)
Active comps
vs active median $940K
−$999 (−0.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $411
−$14 (−3.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
514 Live Oak ParkFallbrook1974322,40647,916$343$825,0001380
3237 Canonita DriveFallbrook1979332,62490,169$410$1.07M5179
1631 Ranchwood LaneFallbrook2018432,04025,700$461$939,999275
3101 Cherrypoint CourtFallbrook1965331,78410,890$532$949,0002471
1883 Fox Bridge CourtFallbrook1994332,721348,480$309$840,0001361
Total: 5 · Average3.22.82,315104,631$411$925,799.820.6
Median2,406$939,999

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1638 Scooter LaneFallbrook199005/08/2026332,15249,658$1.05M$1.05M$4881.003690
711 Tumble Creek LaneFallbrook198712/17/2025442,25050,965$895,000$876,500$3900.9812874
804 El PaisanoFallbrook198803/30/2026332,12843,996$988,000$988,000$4641.004973
665 Norwynn LaneFallbrook197805/12/2026321,93426,571$875,000$875,000$4521.004073
130 Orvil WayFallbrook197305/12/2026322,37448,352$1.05M$935,000$3940.8912671
Total: 5 · Average3.22.82,167.643,908.4$944,900$944,900$437.6—75.8
Median2,152$935,000$935,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.