See Home Value
San Diego 92028
5221 Olive Hill Road
$1,470,325
● House - Off Market

5221 Olive Hill Road

Fallbrook, CA 92028
bedrooms
7 Beds
bathrooms
4 Baths
square feet
3,600 Ft²
$8,097
Est. Monthly

About This Property

Earn around $50,000 of annual rental income with not one but two ADU's. Welcome to 5221 Olive Hill Road and some of the best views in Fallbrook. This remarkable multi-use property nestled in the scenic hills of South Fallbrook sits on over 4 sprawling acres and offers an incredible blend of residential comfort, income opportunities and versatile outdoor space, all framed with breathtaking panoramic views. The 3 detached homes that come with this purchase are located in a gated community featuring only 12 homes. The heart of the property is a beautifully maintained 3 bedroom, 2 bathroom single story home which perfectly captures the tranquility and natural beauty of Fallbrook. Expansive windows and sliding glass doors flood the interior with natural light while offering sweeping views of the surrounding hills and countryside. The views are truly unforgettable. Enhancing the properties appeal are two fully detached ADU's both of which have their own private driveway and fully fenced exterior spaces. The 3 bedroom 1 bath ADU is ideal for extended family, guests or as a rental, whilst the cozy 1 bedroom 1 bathroom provides even further flexibility and could also be used as an additional rental property and comes with a detached studio that can be used as an office, artist loft or for extra storage space.  2 acres of the exterior space sits on a gentle sloping terrain, making it an ideal space for horses, a vineyard, gardening or the ultimate backyard playground. Enjoy country living at its finest with this unique and versatile multi family compound.
Unit Size
3,600 Ft²
Days on Market
146 days
Land Size
4.48 acres
Price per sqft
$458
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1977

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Last updated: 2 years ago (SDMLS #NDP2504685)

Price History

Date / Event Date Event Price
Oct 8, 2025 Sold
Sold
Jul 26, 2025 In contract -
In contract
May 12, 2025 Listed by Real Broker $1,649,000
Listed by Real Broker

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 34
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 2
  • Business/Commerical Units Count: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 195,149
  • Total Building Area: 2,663
  • Gross Building Area: 2,663
  • Building Area: 2,663
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,663
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BERNARDINO BASE & MERIDIAN
  • Land Acres: 0000004480
  • Standard Land Use Code: 1110
  • County Land Use Code: 13
  • Legal Description 1: SEC 19-10-3W LOT 2 (EX RD)DOC73-138720 IN

Neighborhood

  • School District Name: Bonsall Unified School District
  • School Tax School District: UNIFIED BONSALL
  • Census Tract: 018619

Zoning

  • Zoning: RR

Geography

  • Parcel: 126-010-16-00
  • Lot: 2
  • Meridian: SEC 19 TWN 10 RNG 03W
  • Municipality: BONSALL UNION
  • Latitude: 33.2956
  • Longitude: -117.244

    Address

  • Full Address: 5221 Olive Hill Rd
  • Address - House Number: 5221
  • Address - Street Name: Olive Hill
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Fallbrook
  • Carrier Code: R008
  • 4-Digit Zip Code: 9470
  • Zip Code: 92028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $662,656
  • Tax Rate Code Area: 57-076

    Appraisal Valuation

  • Standard Deviation: 0.4383
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 12
  • Final Value: 681,499
  • High Value: 980,258
  • Low Value: 382,739

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $627,831
  • Assessed Land Value: $369,315
  • Assessed Improvements Value: $258,516

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 20, 2000
  • Current Sale Recording Date: Apr 28, 2000
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2000-0222122

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 5221 Olive Hill Road built and last sold?
The property at 5221 Olive Hill Road was built in 1977 and last sold on Apr 20, 2000 for $425,000.
How much is this home worth?
The estimated value of the home located at 5221 Olive Hill Road is $0.
What are some comparable homes to 5221 Olive Hill Road?
There are currently no comparable homes to 5221 Olive Hill Road.