2462 Gum Tree Lane, Fallbrook, CA 92028

About this single-family home

This property is very rare and the price has been reduced for a quick sale. The lot is very large: 6 AC total. The lot is zoned R1 currently with an A70 classification for commercial/farming level water usage. The property was previously used as an citrus grove with a 1.5 inch water meter service. We reached out to a local winery about putting in grape vines. Become a "Gentlemen Farmer" the property has income potential. Also, equestrian uses are also allowed. The view is breathtaking of the rolling hills surrounding this property. Cozy two bedroom house could use some upgrades to make it more modern. Freshly painted inside with new door hardware.
 
 Regarding the Foreclosure status, this is not a Short Sale. The bank will be paid in full at the close of escrow. This sale will be a normal escrow, we don't require permission from the bank during to close escrow. The seller is motivated to sell. All offers will be considered.

Listing description from the January 2019 sale, as reported to CRMLS.

Sale history

$485,000

Sold January 2019 · listed $479,000, orig. $535,000, on market July 2018 · MLS #PW18177855 · Source: CRMLS

Listing Agent: Donald Golding · Listing Office: Balboa Real Estate, Inc. · Contact: 888-787-8808 · Bought with: Donald Golding · Balboa Real Estate, Inc.

$375,000

Sold December 2012 · listed $399,900, on market October 2012 · MLS #T12126085 · Source: CRMLS

Listing Agent: Lisa Puccini-Farha · Listing Office: Lighthouse Properties · Contact: 951-296-9363 · Bought with: OUT OF AREA TEM BRD · Src Non-mls

$375,000

Sold December 2012 · listed $399,900, on market October 2012 · MLS #120051029 · Source: CRMLS

Listing Agent: Lisa Puccini-Farha · Listing Office: Lighthouse Properties · Contact: 951-296-9860 · Bought with: Dennis Kaiser · Coastal Inland Properties, Inc

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