
2042 Pheasant Run Fallbrook, CA 92028
Estimated payment $8,861/month
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
Compass Brokerage Email: sharon.robinson@compass.com License #01384726 Listed on: 06/12/2025

Open House Schedule
-
Saturday, June 14, 202512:00 to 3:00 pm6/14/2025 12:00:00 PM +00:006/14/2025 3:00:00 PM +00:00open houseAdd to Calendar
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
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 |
---|---|---|---|---|
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 |
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 |
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 |
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 |
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Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2505157

APN: 107-352-45
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