$1,498,747
OPEN SAT 12PM - 3PM

2042 Pheasant Run Fallbrook, CA 92028

Estimated payment $8,861/month

Total Views 190
8 Beds
5.5 Baths
3,800 Sq Ft
$394 Price per Sq Ft

Highlights

  • Guest House
  • Craftsman Architecture
  • Main Floor Bedroom
  • In Ground Pool
  • Fireplace in Primary Bedroom
  • No HOA

About This Home

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

Sharon Robinson

Compass Brokerage Email: sharon.robinson@compass.com License #01384726 Listed on: 06/12/2025

Compass

Co-Listing Agent

Ken Follis

Compass Brokerage Email: sharon.robinson@compass.com License #00799622

Open House Schedule

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,844

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: R-1:SINGLE FAM-RES
  • Architectural Style: Craftsman
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1073524500
  • Year Built: 1967
  • Special Features: OpenHouse

Interior Features

  • Fireplace: Yes
  • Living Area: 3800.00 Square Feet
  • Stories: 1
  • Entry Location: Main Floor
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Entry Level: 1
  • Fireplace Features: Living Room, Primary Bedroom, Patio
  • Levels: One
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 7
  • Price Per Square Foot: 394.41
  • Room Type: Kitchen, Living Room, Main Floor Bedroom

Exterior Features

  • Other Structures: Guest House, Outbuilding
  • Fence: No
  • Pool Features: In Ground
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Appliances: Built-In Range, Built-In, Dishwasher, ENERGY STAR Qualified Appliances, Disposal, Gas Cooking, Gas Range, Ice Maker, Vented Exhaust Fan, Water Heater Central
  • Laundry Features: In Closet
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Schools

  • School District: Fallbrook Union

Lot Info

  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size: 23,086 sq ft
  • Lot Size Sq Ft: 23086.80
  • Lot Size Acres: 0.5300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 0.5300 Acres
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 188.01

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
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
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

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2505157

California Regional Multiple Listing Service (CRMLS)

APN: 107-352-45