40224 Landrum Place, Temecula, California 92591, Temecula, 92591 - 4 bed, 3 bath

40224 Landrum Place
Temecula, California 92591
Property Price
SUMMARY
Analysis of 40224 Landrum Place, Temecula, California 92591 reveals a property with a current list price of $939,000, which is 4% above the estimated $900,155 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Temecula Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40224 Landrum Place Subject | $939,000* List Price | 4 | 3 | 3,025 | $298 | - |
A 28959 Cumberland Sold | $875,000 | 4 | 4 | 3,148 | $278 | 0.7 mi |
B 40329 Garrison Drive Sold | $865,000 | 4 | 3 | 2,837 | $305 | 0.2 mi |
C 27288 Dayton Sold | $825,000 | 4 | 3 | 2,497 | $330 | 0.2 mi |
D 40418 Charlesburg Drive Sold | $775,000 | 4 | 3 | 2,876 | $269 | 0.4 mi |
E 27497 Lock Haven Court Sold | $950,000 | 5 | 4 | 3,259 | $292 | 0.5 mi |
F 40358 Charlesburg Drive Sold | $985,000 | 4 | 4 | 3,675 | $268 | 0.3 mi |
G 39794 Cambridge Place Active Under Contract | $749,000 List Price | 4 | 3 | 2,806 | $267 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2012, this 14-year-old home falls within the 10-20 year range for a 'Good' rating. It is move-in ready and features high-quality upgrades including a gourmet kitchen with granite countertops and tumbled stone backsplash, upgraded tile and laminate flooring, and a spa-like primary bathroom. The addition of solar panels in 2023 and the 'model home' condition described indicate excellent maintenance and modern functionality without requiring a full recent renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Chaparral High School (9/10).
- Premium Outdoor Living
The property features a custom 'fun-pool' with an 18-inch swim step and a uniform 4-foot depth, specifically designed for volleyball and summer entertaining.
- Harveston Community Amenities
Residents enjoy access to premier community features including a private lake, clubhouse, paddle boats, and catch-and-release fishing, all within a highly walkable neighborhood.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3025, other record living area = 2837.
- Solar Financing Encumbrance
While the home features energy-efficient solar, eight of the panels are financed rather than owned, requiring the buyer to assume additional monthly payments.
- Specialized Pool Depth
The pool's maximum depth of 4 feet may be a drawback for buyers seeking a traditional deep-end for diving or lap swimming.
About 40224 Landrum Place
Looking for an immaculate POOL home in the HARVESTON COMMUNITY? Look no further! The front porch greets you with a warm welcome, a perfect place to sit and have coffee or tea in the morning. As you enter the home through the Larson storm door you will find upgraded tile flooring. The main floor bedroom offers a CUSTOM barn door and custom laminate flooring. The gourmet kitchen boasts upgraded cabinets, lighting throughout, 8' upgraded doors, upgraded tumbled stone back splash, walk-in pantry and beautiful granite counters. The kitchen opens up to a large living area with plenty of room for family and friends. As you step outside a gorgeous custom pool awaits. This backyard is perfect for entertaining and backyard BBQ's. This "fun-pool" has an 18" swim step and is only 4' deep, perfect for volleyball and other games in the summer! Back inside, the staircase features a Custom iron railing which leads to the primary suite, 2 addt'l bedrooms, large linen closet and loft which can also be converted to another bed upstairs. The primary suite is large with a ton of natural lighting and a huge walk-in closet. The spa like primary bath features a large soaking tub, walk in shower, 2 sinks at the vanity and a HUGE walk-in primary closet! There are 9 solar panels on the house completely paid for and 8 additional panels that are financed(installed in 2023)the payment for financed solar is listed under private remarks. Conveniently located in the heart of Temecula this home is close to freeways, schools and shopping! Harveston features a gorgeous community lake, club house, pool and spa, paddle boats, catch and release fishing and so much more. This home shows as a model home! HURRY! Professional photos coming soon!.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2012
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $137.0 / Month
Neighborhood Insights
Temecula Unified Schools
Ysabel Barnett Elementary School
Grades K-5 • 0.4 mi
Daniel N. Buchanan Elementary School
Grades K-5 • 0.5 mi
Warm Springs Middle School
Grades 6-8 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,025 | 2,082.5 | 85% |
| Lot Size | 6,534 | 6,970 | 46% |
| Price | $939.0K | $764.0K | 76% |
| Price per sq ft | $310 | $356 | 22% |
| Built year | 2012 | 1997 | 78% |
| HOA | $137.0 | $109 | 64% |
| Days on market | 2 | 179 | 1% |
Pricing History
Listed for Sale
Mar 5, 2026
$939,000
Initial Listing
Sold
Dec 7, 2016
$520,000
Public Record
Sold
Mar 26, 2013
$421,500
Public Record
