Located on the desirable west side of town with close proximity to the 76 and downtown, this unique 2.43-acre property offers exceptional potential for the right buyer. The existing farmhouse is a true **fixer-upper**, ideal for an **owner-user looking to build sweat equity** while enjoying privacy, views, and usable land. A seasonal stream flows along the lower portion of the lot, adding charm and natural appeal. Old well located by the stream, could be revitalized by new owner. Current owner has never utilized it. Due to the condition, this will likely require a **CASH PURCHASE ONLY**. **or HARD MONEY FINANCING may be possible**, but **NO FHA or VA offers** will be considered.
Sold for $740,450 on 08/05/25
Listing Provided by:
Angel Lopez DRE #01847165 Angel@TheLopezGroupsd.com,
Swell Property
Bought with: Sunshine Properties RealEstate
$740,450
3341 Olive Hill Rd, Fallbrook, CA 92028
6beds
3,048sqft
Single Family Residence
Built in 1950
2.43 Acres Lot
$742,500 Zestimate®
$243/sqft
$5,549 Estimated rent
Home value
$742,500
$683,000 - $809,000
$5,549/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 06, 2025 at 08:35pm
Listing Provided by:
Angel Lopez DRE #01847165 Angel@TheLopezGroupsd.com,
Swell Property
Bought with:
Evangelina Uriostegui, DRE #01444165
Sunshine Properties RealEstate
Source: CRMLS,MLS#: NDP2506210
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom
- Features: Bedroom on Main Level
Kitchen
- Features: Galley Kitchen
Cooling
- None
Appliances
- Laundry: In Garage
Features
- Bedroom on Main Level, Galley Kitchen
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,048 sqft
Property
Parking
- Total spaces: 12
- Parking features: Garage - Attached
- Attached garage spaces: 2
- Uncovered spaces: 10
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
- Has view: Yes
- View description: Hills, Mountain(s)
Lot
- Size: 2.43 Acres
- Features: Gentle Sloping, Horse Property, Rectangular Lot, Rolling Slope, Value In Land
Details
- Parcel number: 1210221500
- Zoning: R-1:SINGLE FAM-RES
- Special conditions: Standard
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Septic Tank
Community & neighborhood
Community
- Community features: Mountainous, Rural
Location
- Region: Fallbrook
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2025 | Sold | $740,450-1.3%$243/sqft |
Source:  CRMLS #NDP2506210 | ||
| 7/3/2025 | Pending sale | $750,000$246/sqft |
Source: CRMLS #NDP2506210 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,634 +2.5% | $153,708 +2% |
| 2024 | $1,594 +1.3% | $150,695 +2% |
| 2023 | $1,574 +0.1% | $147,741 +2% |
Find assessor info on the county website
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Fallbrook Street Elementary SchoolGrades: K-6Distance: 3.2 mi
- 4/10James E. Potter Intermediate SchoolGrades: 7-8Distance: 2.9 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$742,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$742,500