PENDING
$200K PRICE DROP
2042 Pheasant Run Fallbrook, CA 92028
Estimated payment $7,550/month
Total Views
8,764
8
Beds
5.5
Baths
3,800
Sq Ft
$342
Price per Sq Ft
Highlights
- Guest House
- Craftsman Architecture
- Main Floor Bedroom
- In Ground Pool
- Fireplace in Primary Bedroom
- No HOA
About This Home
REDUCED! SELLER EXTREMELY MOTIVATED! Check out this 8 bedroom, 5.5 bath "Multi-Gen Opportunity" in Fallbrook! If you are looking for 3 SEPERATE HOMES on 1 lot, need extra living area, flex space, office space, artists retreat or rental units for extra income, come check out this beautifully remodeled property! 4 bedrooms and 3 baths included with the main home that has numerous custom artistic touches, upgrades and the most amazing lavish primary retreat you could want. This home has been expanded to 2280 SF. Additionally, there is a 2nd dwelling that is 3 bedrooms and 1.5 baths and 1,000 SF. built in 2021. The 3rd space is a 1 bedroom, 1 bathroom two story ADU with 600 SF built in 2024. Must see to appreciate attention this fantastic remodel. Close to town, yet privately situated behind an electric gate. This destination truly has it all. full electric solar paid for which covers the electricity for the entire property and all 3 units. All 3 dwellings enjoy the central pool and patio area which includes a fireplace and a built in barbecue kitchen island. Nothing like this on the market!
Listing Agent
Compass Brokerage Email: sharon.robinson@compass.com License #01384726 Listed on: 06/12/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,844
Year Built
- Built in 1967
Lot Details
- 0.53 Acre Lot
- Rural Setting
- Property is zoned R-1:SINGLE FAM-RES
Home Design
- Craftsman Architecture
- Turnkey
Interior Spaces
- 3,800 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Laundry Room
Kitchen
- Gas Oven or Range
- Built-In Range
- Ice Maker
- Dishwasher
- ENERGY STAR Qualified Appliances
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms | 7 Main Level Bedrooms
- Fireplace in Primary Bedroom
Parking
- 4 Open Parking Spaces
- 6 Parking Spaces
- 2 Carport Spaces
Outdoor Features
- In Ground Pool
- Fireplace in Patio
- Outbuilding
Additional Homes
- Guest House
Utilities
- Central Air
- No Heating
- Vented Exhaust Fan
- Central Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Tract Number 188
- Assessor Parcel Number 1073524500
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,844 | $562,296 | $262,399 | $299,897 |
| 2024 | $5,844 | $551,271 | $257,254 | $294,017 |
| 2023 | $5,671 | $540,462 | $252,210 | $288,252 |
| 2022 | $5,672 | $519,476 | $242,417 | $277,059 |
| 2021 | $5,479 | $519,476 | $242,417 | $277,059 |
| 2020 | $5,521 | $514,151 | $239,932 | $274,219 |
| 2019 | $5,410 | $504,071 | $235,228 | $268,843 |
| 2018 | $5,342 | $494,188 | $230,616 | $263,572 |
| 2017 | $5,221 | $484,499 | $226,095 | $258,404 |
| 2016 | $3,517 | $329,445 | $153,738 | $175,707 |
| 2015 | $3,460 | $324,497 | $151,429 | $173,068 |
| 2014 | $3,393 | $318,141 | $148,463 | $169,678 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | Pending | -- | -- | -- |
| 06/16/2025 06/16/25 | Price Changed | $1,298,747 | -13.3% | $342 / Sq Ft |
| 06/12/2025 06/12/25 | For Sale | $1,498,747 | +215.5% | $394 / Sq Ft |
| 05/19/2016 05/19/16 | Sold | $475,000 | 0.0% | $317 / Sq Ft |
| 04/29/2016 04/29/16 | Pending | -- | -- | -- |
| 03/10/2016 03/10/16 | For Sale | $475,000 | -- | $317 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $475,000 | Orange Coast Title | |
| Grant Deed | $264,000 | First American Title | |
| Grant Deed | $182,000 | First American Title | |
| Grant Deed | $161,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $426,500 | New Conventional | |
| Previous Owner | $380,000 | New Conventional | |
| Previous Owner | $352,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $357,396 | FHA | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $325,000 | Unknown | |
| Previous Owner | $47,000 | Credit Line Revolving | |
| Previous Owner | $47,000 | Credit Line Revolving | |
| Previous Owner | $246,000 | Unknown | |
| Previous Owner | $30,000 | Credit Line Revolving | |
| Previous Owner | $209,200 | No Value Available | |
| Previous Owner | $145,500 | No Value Available | |
| Previous Owner | $163,033 | VA |
Source: Public Records
Similar Homes in Fallbrook, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2505157
APN: 107-352-45
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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