RENTED MAR 28, 2026

535 Minnesota Ave Fallbrook, CA 92028

Estimated Value: $580,000 - $816,860

3 Beds
2 Baths
1,500 Sq Ft
$482/Sq Ft Est. Value

Highlights

  • Art Studio
  • Panoramic View
  • Wood Burning Stove
  • Primary Bedroom Suite
  • Open Floorplan
  • Cathedral Ceiling

About This Home

As of March 2026

Beautifully refreshed, newly painted, and move-in ready! Experience life “on Top of the World” with stunning 360 views — yet just a short stroll to the charming village of Fallbrook. Enjoy the undercover outdoor patio perfect for savoring the scenery, plus an enclosed sunroom overlooking a yard filled with vibrant succulents — all capturing those incredible views! (Did we mention the views?) This inviting home features 3 bedrooms, 2 baths, a wood burning fireplace and interior laundry. Situated on a spacious half-acre lot, it offers plenty of outdoor space to relax or entertain. This property is a duplex, and a privacy fence separates the units, ensuring comfort and seclusion. Don’t wait — homes like this go fast! Contact us today for more information or to schedule a showing!

Last Agent to Rent the Property

Marla Zanelli

Coldwell Banker Realty Brokerage Email: realestate@delmarla.com License #01040946 Listed on: 02/06/2026

Coldwell Banker Realty

Last Renter's Agent

Marla Zanelli

Coldwell Banker Realty Brokerage Email: realestate@delmarla.com License #01040946 Listed on: 02/06/2026

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945

Lot Details

  • 23,958 Sq Ft Lot
  • Cul-De-Sac
  • Rural Setting
  • Landscaped
  • Private Yard
  • Garden
  • Property is zoned RR

Property Views

  • Panoramic
  • City Lights
  • Woods

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Den
  • Bonus Room
  • Art Studio
  • Sun or Florida Room
  • Storage
  • Home Gym
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Stacked Washer and Dryer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Cooling
  • No Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $3,600
  • Rent includes gardener, trash collection
  • Available 2/7/26
  • Tax Lot 189.03
  • Tax Tract Number 75003
  • Assessor Parcel Number 1031622700

Home Details

Home Type

Single Family

Year Built

Built in 1945

Lot Details

0.55 Acres

Rental Info

  • Available Date: 2026-02-07
  • Credit Check Paid By: Tenant
  • Deposit Key: 20
  • Deposit Pets: 500
  • Deposit Security: 3600
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Total Move In Costs: 7200.00
  • Transfer Fee Paid By: Owner

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: RR
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 1031622700
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1500.00
  • Interior Amenities: Beamed Ceilings, High Ceilings, Ceiling Fan(s), Living Room Deck Attached, Recessed Lighting, Storage, Open Floorplan, Cathedral Ceiling(s), Granite Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Wood Burning, Living Room, Wood Stove Insert
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2.40
  • Room Type: Sun, Exercise Room, Primary Bedroom, Art Studio, Bonus Room, Main Floor Primary Bedroom, Kitchen, Living Room, Main Floor Bedroom, Primary Suite, Den, Primary Bathroom

Exterior Features

  • View: Trees/Woods, City Lights, Panoramic
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside, In Closet, Electric Dryer Hookup, In Kitchen, Stackable, Washer Included, Dryer Included
  • Cooling: Electric, Wall/Window Unit(s), Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural, Street Lights

Lot Info

  • Lot Features: Cul-De-Sac, Landscaped, Garden, Yard
  • Lot Size Sq Ft: 23958.00
  • Lot Size Acres: 0.5500

Multi Family

  • Insurance Water Furniture: Yes
  • Lot Size Area: 23958.0000 Square Feet
  • Number Of Units In Community: 2
  • Rent Includes: Gardener, Trash Collection

Tax Info

  • Tax Lot: 189.03
  • Tax Tract Number: 75003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2025
Sold by
Pedo Family Living Trust and Pedo Regan Laine
Bought by
Farrell Nico S
Current Estimated Value
$722,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,500
Outstanding Balance
$476,765
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$246,200

Purchase Details

Closed on
Jan 29, 2016
Sold by
Pedo Rolyn P and Pedo Regan L
Bought by
The Pedo Family Living Trust

Purchase Details

Closed on
Dec 23, 2005
Sold by
Pedo Rolyn P
Bought by
Pedo Regan L and Pedo Rolyn P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,000
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 28, 2004
Sold by
Pedo Regan L
Bought by
Pedo Rolyn P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,800
Interest Rate
5.37%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Farrell Nico S $605,000 First American Title
The Pedo Family Living Trust -- None Available
Pedo Rolyn P -- None Available
Pedo Regan L -- Fidelity National Title San
Pedo Rolyn P -- Southland Title
Pedo Rolyn P $401,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farrell Nico S $480,500
Previous Owner Pedo Regan L $327,000
Previous Owner Pedo Rolyn P $320,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2026 03/28/26 Rented $3,400 -2.9% --
03/01/2026 03/01/26 Price Changed $3,500 -2.8% $2 / Sq Ft
02/27/2026 02/27/26 Under Contract -- -- --
02/06/2026 02/06/26 For Rent $3,600 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,928 $570,107 $284,343 $285,764
2024 $5,928 $558,929 $278,768 $280,161
2023 $5,752 $547,970 $273,302 $274,668
2022 $5,754 $537,227 $267,944 $269,283
2021 $5,280 $500,000 $242,000 $258,000
2020 $4,838 $450,000 $218,000 $232,000
2019 $4,407 $410,000 $199,000 $211,000
2018 $4,426 $410,000 $199,000 $211,000
2017 $4,100 $380,000 $185,000 $195,000
2016 $3,752 $350,000 $171,000 $179,000
2015 $3,418 $320,000 $157,000 $163,000
2014 $3,204 $300,000 $148,000 $152,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2601209

California Regional Multiple Listing Service (CRMLS)

APN: 103-162-27

Your Personal Tour Guide

Ask me questions while you tour the home.