40391 Melrose, Temecula, California 92591, Temecula, 92591 - 2 bed, 3 bath
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Temecula, California 92591
This Modern Nearly-New Residence is a Strong Value Opportunity, listed at $485,000—positioned well below the $533,220 Fair Market Value by 9%. This valuation gap provides $48,220 in Instant Equity for buyers prepared to navigate the short sale process. Boasting a Pristine Condition Rating, the 2024 build features owned solar panels, a quartz kitchen, and access to the prestigious Temecula Unified School District. Located in Heirloom Farms with resort-style amenities, it offers a high-end lifestyle at a significant discount. This is an exceptional acquisition for Owner-Occupants or first-time buyers seeking modern efficiency.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40391 Melrose Subject | $485,000* List Price | 2 | 3 | 1,387 | $386 | - |
A 40463 Melrose Drive Sold | $500,000 | 2 | 3 | 1,387 | $360 | 0.1 mi |
B 28291 Via Garnicia Sold | $626,000 | 3 | 3 | 1,520 | $412 | 0.3 mi |
C 28550 Via Prago Sold | $620,000 | 3 | 3 | 1,520 | $408 | 0.4 mi |
D 28314 Via Moscotel Sold | $619,000 | 3 | 3 | 1,402 | $442 | 0.3 mi |
E 28419 Campos De Flores Sold | $617,000 | 3 | 3 | 1,410 | $438 | 0.3 mi |
F 28389 Via Solero Sold | $624,000 | 3 | 3 | 1,520 | $411 | 0.4 mi |
G 28219 Via Somantano Active | $629,000 List Price | 3 | 3 | 1,402 | $449 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2024 and is in like-new condition. It features modern interior finishes including luxury vinyl plank flooring, a contemporary kitchen with quartz countertops and stainless steel appliances, and energy-efficient systems such as owned solar panels and a tankless water heater. The home shows no signs of wear and meets all current quality standards.
The home features fully owned solar panels, spray foam insulation, and a tankless water heater, providing significant long-term utility savings and modern efficiency.
Built in 2024, this nearly new residence offers a contemporary open-concept design, elegant quartz countertops, and high-end finishes throughout.
Situated in the Heirloom Farms community, the property offers access to a pool, spa, and unique park amenities while being zoned for the award-winning Temecula Unified School District.
As a short sale subject to lender approval, the transaction requires additional time for bank responses and carries a higher level of procedural uncertainty for the buyer.
The property is being sold in as-is condition with no seller repairs or credits, meaning the buyer must assume all responsibility for any necessary maintenance or upgrades.
Welcome to a place where modern comfort meets the heart of Temecula living in the serene Heirloom Farms community. This nearly new three-story residence, crafted in 2023, invites you in with a charming front porch that sets a peaceful tone before you even step inside. The open-concept heart of the home seamlessly connects a contemporary kitchen, featuring elegant quartz countertops and sleek finishes, to living spaces designed for making memories. Sustainability and ease are woven into the very fabric of the property, which features fully owned solar panels, spray foam insulation, and a tankless water heater to ensure your sanctuary is as efficient as it is cozy. Upstairs, the primary suite serves as a true retreat with its spacious walk-in closet and dual vanities, while the private balcony offers a quiet spot to enjoy the morning air. Beyond the front door, the vibrant neighborhood provides endless opportunities for play and relaxation with its sparkling pool, spa, and unique park amenities like the community zipline. Situated just moments from the scenic beauty of Lake Harveston, the local flavor of Old Town, and the convenience of the Promenade Mall, this home keeps you connected to the best of the region while remaining tucked away in a quiet enclave. Complete with an attached two-car garage and all essential appliances included, this townhome represents a thoughtful blend of style and soul within the prestigious award winning Temecula Unified School District. **Short Sale. Subject to lender approval. Property is being sold as-is with no repairs or credits. Great opportunity for buyers willing to navigate the short sale process. Please allow additional time for bank response.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,387 | 1,520 | 14% |
| Lot Size | - | 3,500 | 24% |
| Price | $485.0K | $619.0K | 14% |
| Price per sq ft | $350 | $405 | 16% |
| Built year | 2024 | 2025 | 22% |
| HOA | $280.0 | $267 | 78% |
| Days on market | 68 | 186 | 5% |
Apr 6, 2026
$485,000
Initial Listing
Oct 30, 2024
$548,500
Public Record