2163 Gracey Ln Fallbrook, CA 92028
Estimated payment $3,992/month
Highlights
- Horse Property
- Panoramic View
- Mud Room
- La Paloma Elementary School Rated 9+
- Great Room
- No HOA
About This Home
Rare Legacy Property in Fallbrook – First Time Offered in 73 Years Step into the heart of Fallbrook’s coastal country living with this rare 1.16-acre homestead, filled with charm, history, and endless possibilities. For the first time in over seven decades, this beloved family property is available to the public. The 2-bedroom, 1-bath farmhouse is full of character, featuring original hardwood floors, built-in wardrobes, a wood-burning fireplace, and a sunlit mudroom with a built-in breakfast nook—perfect for soaking in peaceful south-facing views and ocean breezes with your morning coffee. Thoughtful updates include a remodeled kitchen, energy-efficient windows, ductless mini-split A/C, and all-electric appliances—providing a solid foundation for your vision and future enhancements, such as solar power. Outside, the property embraces a slower, more sustainable lifestyle: hang laundry on the line, tend your own food forest, gather fresh eggs, or watch horses graze at sunset. Fencing, corrals, and extra materials are already in place to adapt for animals. Mature fruit trees—sapote, cherimoya, and macadamia—dot the landscape. A detached 2-car garage has been converted into an apartment, offering flexibility for guest space, rental income, or restoration back to its original use. Whether you dream of a homestead, hobby farm, or simply a peaceful retreat, this one-of-a-kind property offers timeless character, modern comforts, and a story ready for its next chapter.
Listing Agent
Compass Brokerage Email: RebeccaMonge1965@gmail.com License #01961244 Listed on: 08/21/2025
Co-Listing Agent
Compass Brokerage Email: RebeccaMonge1965@gmail.com License #01906333
Home Details
Home Type
- Single Family
Year Built
- Built in 1946
Lot Details
- 1.16 Acre Lot
- Rural Setting
- Property is zoned R-1:Single Fam-Res
Property Views
- Panoramic
- Hills
Home Design
- Entry on the 1st floor
Interior Spaces
- 896 Sq Ft Home
- 1-Story Property
- Mud Room
- Great Room
- Living Room with Fireplace
- Breakfast Area or Nook
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Washer Hookup
Utilities
- Ductless Heating Or Cooling System
- No Heating
Additional Features
- Horse Property
- Agricultural
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1071205300
- $34 per year additional tax assessments
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 |
|---|---|---|---|---|
| 2025 | $1,662 | $162,453 | $120,449 | $42,004 |
| 2024 | $1,662 | $159,269 | $118,088 | $41,181 |
| 2023 | $1,622 | $156,147 | $115,773 | $40,374 |
| 2022 | $1,621 | $153,086 | $113,503 | $39,583 |
| 2021 | $1,566 | $150,085 | $111,278 | $38,807 |
| 2020 | $1,578 | $148,547 | $110,137 | $38,410 |
| 2019 | $1,545 | $145,635 | $107,978 | $37,657 |
| 2018 | $1,521 | $142,780 | $105,861 | $36,919 |
| 2017 | $1,489 | $139,982 | $103,786 | $36,196 |
| 2016 | $1,450 | $137,238 | $101,751 | $35,487 |
| 2015 | $1,427 | $135,177 | $100,223 | $34,954 |
| 2014 | $1,399 | $132,530 | $98,260 | $34,270 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/22/2025 11/22/25 | Price Changed | $742,000 | -1.1% | $828 / Sq Ft | |
| 11/16/2025 11/16/25 | For Sale | $750,000 | 0.0% | $837 / Sq Ft | |
| 11/07/2025 11/07/25 | Pending | -- | -- | -- | |
| 10/30/2025 10/30/25 | Price Changed | $750,000 | -2.6% | $837 / Sq Ft | |
| 08/21/2025 08/21/25 | For Sale | $770,000 | +140.6% | $859 / Sq Ft | |
| 02/21/2023 02/21/23 | Sold | $320,000 | 0.0% | $357 / Sq Ft | View Prior Sale |
| 02/08/2023 02/08/23 | Pending | -- | -- | -- | |
| 10/24/2022 10/24/22 | For Sale | $320,000 | 0.0% | $357 / Sq Ft | |
| 09/26/2022 09/26/22 | Pending | -- | -- | -- | |
| 09/22/2022 09/22/22 | For Sale | $320,000 | -- | $357 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $320,000 | Stewart Title Of California | |
| Gift Deed | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2508248
APN: 107-120-53
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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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