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31014 Jedediah Smith Road, Temecula, California 92592, Temecula, 92592 - 5 bed, 4 bath

31014 Jedediah Smith Road, Temecula, California 92592 home-pic-0
ACTIVE$2,575,000
31014 Jedediah Smith Road, Temecula, California 92592
5Beds
4Baths
5,078Sqft
101,495Lot

Price Vs. Estimate

The estimated value ($1,499,290.24) is $1,075,709.76 (41%) lower than the list price ($2,575,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 101495, living area = 5078.
Top Cons:
Significant Valuation Discrepancy: The property's estimated value is substantially lower than its current list price, indicating a potential overvaluation in the market or a disconnect with recent comparable sales.

Compared to the nearby listings

Price:$2.58M vs avg $800.0K (+$1,775,000)99%
Size:5,078 sqft vs avg 2,472.5 sqft98%
Price/sqft:$507 vs avg $35691%

More Insights

Built in 2002 (23 years old).
Condition: Built in 2002, this property is well-maintained but shows signs of its age in key areas. While the description highlights a 'brand-new, modern temperature-controlled wine room' and the exterior/pool area appear to be in excellent condition, the kitchen and bathrooms, though functional and clean, feature styles (e.g., dark cherry cabinets, dark granite, and early 2000s bathroom fixtures and finishes) that are now considered outdated. The property analysis also notes a 'Potential for Comprehensive Updates,' reinforcing that while move-in ready, significant aesthetic modernizations would be required to meet current luxury standards.
Year Built
2002
Close
-
List price
$2.58M
Original List price
$2.7M
Price/Sqft
$507
HOA
-
Days on market
-
Sold On
-
MLS number
IV25076421
Home ConditionFair
Features
Good View: Hills
Pool
Spa
Patio
ViewHills

About this home

Welcome to the “White House on Jedediah Smith” – a stately colonial-style estate located in the prestigious community of Santiago Estates. This iconic residence offers timeless architecture, unmatched privacy, and 2.33 acres of versatile land with room to grow. Privately tucked behind its own gated entry, this estate makes a statement from the moment you arrive. A long, winding driveway leads up to the home, which is perched on an elevated lot capturing expansive southern views of the surrounding valley and hills. With 5,078 square feet of living space, the home features 5 spacious bedrooms, 3.5 bathrooms, and a layout ideal for both everyday living and elegant entertaining. The interior showcases formal living and dining spaces, a beautifully appointed kitchen, a private office, and a brand-new, modern temperature-controlled wine room—perfect for the collector or entertainer. Step into the backyard and experience your own private resort. Enjoy a large pool and spa, multiple lounge areas, and open space with incredible potential. Whether you're planning to add an ADU, workshop, RV garage, or simply enjoy the land, the 2.33-acre lot offers the flexibility to make it your own. Located just minutes from Temecula’s renowned wineries, shopping, dining, and the 15 freeway, this property offers luxury living in one of the area’s most exclusive neighborhoods. No HOA and situated on one of the most desirable streets in the valley—this is a rare opportunity to own a true estate in Santiago Estates.

Nearby schools

/10
Vail Elementary School
Public,•K-5•1.7mi
7/10
Margarita Middle School
Public,•6-8•2.3mi
8/10
Temecula Valley High School
Public,•9-12•1.4mi
Condition Rating
Fair
Built in 2002, this property is well-maintained but shows signs of its age in key areas. While the description highlights a 'brand-new, modern temperature-controlled wine room' and the exterior/pool area appear to be in excellent condition, the kitchen and bathrooms, though functional and clean, feature styles (e.g., dark cherry cabinets, dark granite, and early 2000s bathroom fixtures and finishes) that are now considered outdated. The property analysis also notes a 'Potential for Comprehensive Updates,' reinforcing that while move-in ready, significant aesthetic modernizations would be required to meet current luxury standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 101495, living area = 5078.
Expansive Estate & Privacy: The property boasts 2.33 acres of versatile land, a gated entry, and a winding driveway, offering unmatched privacy and a grand approach within the prestigious Santiago Estates.
Desirable Location & Views: Situated on an elevated lot in a highly desirable street, the estate captures expansive southern views of the valley and hills, while being minutes from Temecula's renowned wineries, shopping, dining, and freeway access.
Luxury Amenities: The residence features a private resort-like backyard with a large pool and spa, a brand-new temperature-controlled wine room, and a private office, catering to a luxurious lifestyle.
Versatile Land Use Potential: The generous 2.33-acre lot offers significant flexibility for future development, including the potential to add an ADU, workshop, or RV garage, enhancing its long-term value and utility.
No HOA: The absence of a Homeowners Association provides greater freedom and potentially lower monthly costs for the homeowner, a significant advantage in an exclusive community.

Cons

Significant Valuation Discrepancy: The property's estimated value is substantially lower than its current list price, indicating a potential overvaluation in the market or a disconnect with recent comparable sales.
Recent Price Reduction: The property has already undergone a price reduction from its original listing, which may signal buyer resistance or a need for further market adjustment to attract offers.
Potential for Comprehensive Updates: While some features are updated (wine room, appointed kitchen), the 2002-built home may require additional modernizations throughout to meet the expectations of luxury buyers at this price point, potentially incurring further investment.

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