987 Morro Rd
Fallbrook, CA 92028
3 bd 2 ba 1,666 sqft Built 1979 Lot 21,780 sqft single_family
Most recent sale
$780,000
Aug 8, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 8, 2022 | Sold | $780,000 | MLS #NDP2205286 |
| Jun 1, 2022 | Listed | $780,000 | MLS #NDP2205286 |
| Jun 14, 2018 | Sold | $495,000 | MLS #180018530 |
| Apr 18, 2018 | Price changed | $489,000 | MLS #180018530 |
| Apr 12, 2018 | Price changed | $519,000 | MLS #180018530 |
| Apr 11, 2018 | Listed | $489,000 | MLS #180018530 |
| Jan 3, 2014 | Sold | $355,000 | MLS #130050077 |
| Nov 25, 2013 | Price changed | $355,000 | MLS #130050077 |
| Nov 15, 2013 | Price changed | $345,000 | MLS #130050077 |
| Oct 31, 2013 | Price changed | $365,000 | MLS #130050077 |
| Oct 19, 2013 | Price changed | $379,000 | MLS #130050077 |
| Sep 17, 2013 | Listed | $389,700 | MLS #130050077 |
| Jan 10, 2011 | Sold | $305,000 | Public Record |
| Nov 25, 2010 | Listed | $319,000 | MLS #100068766 |
| Nov 11, 2010 | Price changed | $319,000 | MLS #100064051 |
| Oct 28, 2010 | Listed | $299,000 | MLS #100064051 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $405,756 | $405,756 | $811,512 | $8,662 |
| 2024 | $405,756 | $405,756 | $811,512 | $8,456 |
| 2023 | $380,000 | $380,000 | $760,000 | $7,989 |
| 2022 | $265,369 | $265,369 | $530,738 | $5,757 |
| 2021 | $260,166 | $260,166 | $520,332 | $5,563 |
| 2020 | $257,499 | $257,499 | $514,998 | $5,606 |
| 2019 | $252,450 | $252,450 | $504,900 | $5,495 |
| 2018 | $191,231 | $191,231 | $382,462 | $4,190 |
| 2017 | $187,482 | $187,482 | $374,964 | $4,107 |
| 2016 | $183,806 | $183,806 | $367,612 | $4,005 |
| 2015 | $181,046 | $181,046 | $362,092 | $3,941 |
| 2014 | $155,550 | $155,550 | $311,100 | $3,317 |
| 2013 | $155,550 | $155,550 | $311,100 | $3,297 |
| 2012 | $155,550 | $155,550 | $311,100 | $3,330 |
| 2010 | $200,279 | $114,445 | $314,724 | $3,320 |
| 2009 | $200,755 | $114,717 | $315,472 | $3,286 |
| 2008 | $196,819 | $112,468 | $309,287 | $3,226 |
| 2007 | $192,960 | $110,263 | $303,223 | $3,153 |
Property facts
Year built
1979
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,666 sqft
Lot size
21,780 sqft
ZIP code
92028
City
Fallbrook
Street
Morro Rd
Coordinates
33.37066, -117.24111
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,331
Gross rental yield
8.20%
Implied cap rate
5.33%
Trend-extrapolated value
—
Frequently asked questions
When did 987 Morro Rd last sell?
987 Morro Rd most recently sold on Aug 8, 2022 for $780,000.
What is the current tax assessment for 987 Morro Rd?
The most recent total assessment for 987 Morro Rd (year 2025) is $811,512 with $8,662 in property tax.
How does 987 Morro Rd's assessment compare to its last sale price?
The current assessment is 4.0% above the last sale price of $780,000.
When was 987 Morro Rd built?
987 Morro Rd was built in 1979.
How does 987 Morro Rd compare to others on Morro Rd?
We track 8 other properties on Morro Rd. Browse the list under "Other properties on Morro Rd" to compare beds, baths, and sale history.
What are the property facts for 987 Morro Rd?
987 Morro Rd is a 3 bed, 2 bath, 1,666 sqft, 21,780 sqft lot single_family.
Is 987 Morro Rd a flip candidate?
No — 987 Morro Rd does not appear in our flips dataset.
Is 987 Morro Rd a tax-appeal candidate?
No — 987 Morro Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.7%
Implied 1-yr
+2.9%
2026 Q3
$813.5K
2026 Q4
$819.1K
ZIP 92028 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Morro Rd