$1,005,000
●
House -
Off Market
112 Palmas Norte
Fallbrook, CA 92028
3 Beds
2 Baths,
1
Half Bath
2,191 Ft²
$5,156
Est. Monthly
About This Property
Welcome to 112 Palmas Norte - a slice of heaven in the heart of
Fallbrook. Come experience country living with the convenience of
being close to town while still having the major freeways just
minutes away. This 3 bedroom, 2.5 bathroom home has just gone
through a renovation and is move-in ready for you! Situated on a
1.24 acre lot, you have room to grow, to play or to just enjoy the
peace and quiet of nature. 2,191 sq ft of open living space that
features vaulted, beamed ceilings, a new kitchen and primary
bathroom, new flooring and paint throughout. There is also a small
office/workspace in the back yard that could be perfect for an
in-home office, a workout room, tool shed or whatever your needs
may be. 3 car garage for all your vehicles and toys and more.
Property has a side gate on the back half of the property, making
it convenient for RV parking if desired.
Unit Size
2,191 Ft²
Days on Market
48 days
Land Size
1.24 acres
Price per sqft
$479
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1977
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 8 months ago (SDMLS #NDP2600418)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 3, 2026 | Sold | ||
| Sold | |||
| Jan 23, 2026 | In contract | - | |
| In contract | |||
| Jan 14, 2026 | Listed by TenFold Real Estate | $1,050,000 | |
| Listed by TenFold Real Estate | |||
| Oct 4, 2025 | Price Decreased |
$1,075,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Sep 13, 2025 | Price Decreased |
$1,125,000
↓ $26K
(2.3%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Fallbrook
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Listed by: Tyler Davidson, TenFold Real Estate
Last Updated: 8 months ago
Data Source: CRMLS, MLS# NDP2600418
Last Updated: 8 months ago
Data Source: CRMLS, MLS# NDP2600418
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