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

40337 Melrose, Temecula, California 92591 home-pic-0

40337 Melrose

Temecula, California 92591

ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
1,893Sq Ft
Lot Size

Property Price

LIST PRICE$665,000

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

Excellent
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
71%
Baths4.03.0
79%
Square foot1,8931,434.5
79%
Lot Size-335
50%
Price$665.0K$527.1K
86%
Price per sq ft$351$360
36%
Built year20242023
64%
HOA$331.0$280
57%
Days on market38211
7%

Pricing History

Listed for Sale

Jan 28, 2026

$665,000

Initial Listing

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