40337 Melrose, Temecula, California 92591, Temecula, 92591 - 4 bed, 4 bath

40337 Melrose
Temecula, California 92591
Property Price
SUMMARY
Analysis of 40337 Melrose, Temecula, California 92591 is currently available with a list price of $665,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This is a new construction home built in 2024 by Meritage Homes, featuring the modern 'Crisp' design package. The property is in pristine condition with brand-new stainless steel appliances, contemporary cabinetry, quartz countertops, and energy-efficient systems including fully paid solar panels. All components meet the highest current quality standards with no physical depreciation or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency & Solar
Built by Meritage Homes in 2024, this property includes fully paid SunPower solar panels and signature energy-saving features, providing substantial long-term utility savings for the homeowner.
- Modern Design Package
The home features the upgraded 'Crisp' design package with high ceilings and an open-concept layout, offering a bright, contemporary aesthetic that is completely move-in ready.
- Versatile Floor Plan
With 4 bedrooms and 3.5 bathrooms, the layout provides excellent flexibility for multi-generational living, guest accommodations, or a dedicated work-from-home environment.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
The low-maintenance yard is designed for minimal upkeep, which may be a drawback for buyers seeking a large private backyard or significant gardening space.
- Monthly Association Fees
The property carries a $331 monthly HOA fee, which increases the total monthly carrying cost and may be a consideration for budget-conscious buyers compared to detached homes.
About 40337 Melrose
Welcome to 40337 Melrose Dr in Temecula, a thoughtfully designed home offering 4 bedrooms, 3.5 bathrooms, and 1,893 square feet of comfortable and flexible living space in a highly desirable community. Built by Meritage Homes, this residence reflects quality construction and energy-efficient design, including fully paid SunPower solar panels that provide long-term savings and added value. The home features the upgraded “Crisp” design package, delivering a bright, modern aesthetic with clean finishes that complement the open floor plan. High ceilings and abundant natural light enhance the main living areas, while the kitchen flows seamlessly into the living and dining spaces—ideal for everyday living and entertaining. The layout offers excellent versatility, with well-separated bedrooms and multiple bathrooms that easily accommodate guests, multi-generational living, or work-from-home needs. The primary suite is a comfortable retreat, featuring a spacious bathroom and generous closet space. Outside, enjoy a low-maintenance yard perfect for relaxing or hosting gatherings without the burden of extensive upkeep. Conveniently located near award-winning Temecula schools, shopping, dining, parks, and the area’s renowned wine country, the home also offers easy access to both the 215 and 15 freeways, making commuting and travel simple. Designed with Meritage Homes’ signature energy-saving features and modern livability in mind, this home offers an exceptional combination of comfort, efficiency, and location in the heart of Temecula.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 2024
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $331.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 4.0 | 3.0 | 79% |
| Square foot | 1,893 | 1,434.5 | 79% |
| Lot Size | - | 335 | 50% |
| Price | $665.0K | $527.1K | 86% |
| Price per sq ft | $351 | $360 | 36% |
| Built year | 2024 | 2023 | 64% |
| HOA | $331.0 | $280 | 57% |
| Days on market | 38 | 211 | 7% |
Pricing History
Listed for Sale
Jan 28, 2026
$665,000
Initial Listing



































