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Value-add opportunity in a desirable Fallbrook location! Situated on over 2 level, usable, and fully fenced acres, this single-story property offers endless potential for investors, contractors, or buyers looking to renovate and build equity. The home features 3 bedrooms, 2 bathrooms, plus a sunroom and separate laundry room, providing a flexible floor plan ready for your vision. The property includes a gated and cross-fenced lot, a detached shop with electricity, outdoor electrical hookups for RVs or trailers, and easy access throughout the parcel. Existing improvements include central heating and air conditioning, a 2-year-old water heater, a wood-burning stove, a newer deck off the primary bedroom, and a spacious kitchen pantry. The septic system has been recently pumped and certified. Bring your ideas and transform this property into something special. With usable acreage, valuable infrastructure already in place, and a sought-after Fallbrook location, this is an outstanding opportunity to renovate, invest, or create your own rural retreat. Property is being sold in its present condition.
Listing agent: Rolf Rawson DRE #00920606 Rolf@RawsonTeam.com, Listing office: Rawson & Associates
MLS data updated 10/19/2026, 8:32:41 PM PT
Source: CRMLS, MLS #: SW26143268
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 12, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$715,000Closed sale · Aug 12, 2026ZIP 92028 · Aug 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.