40480 Melrose, Temecula, California 92591, Temecula, 92591 - 3 bed, 3 bath

40480 Melrose, Temecula, California 92591 home-pic-0
ACTIVE$683,000
40480 Melrose, Temecula, California 92591
3Beds
3Baths
1,665Sqft
2,640Lot
Year Built
2024
Close
-
List price
$683K
Original List price
$683K
Price/Sqft
$410
HOA
$149
Days on market
-
Sold On
-
MLS number
SW25237558
Home ConditionExcellent
Features
Patio
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $683.0K(35th), sqft - 1665(22th), beds - 3(41th), baths - 3(50th).

Welcome to the brand new GATED Community of PRADO by Meritage Homes next to Harveston Lake! This BETTER THAN NEW (2024) home designed for modern living and Energy Efficiency for energy savings & some builder warranties still effective! Home qualifies for the Hero Home Buyer Program which provides up to $$30K in closing cost assistance! Note: 40 AMP PREWIRED CAR CHARGER! Thoughtfully upgraded with today’s most sought-after features and neutral finishes, this property has sweet curb appeal — including TURF installed for easy landscaping! The open-concept floor plan seamlessly connects the kitchen and living room, creating an ideal space for everyday enjoyment and entertaining. Wall mounted outlet for TV/Cable for gaming or entertainment needs! A spacious kitchen island offers ample prep space for the home chef and there is a pantry for storing your cooking needs. Newer Sleek stainless steel sink w/ Moen faucet plus Stainless steel Whirlpool dishwasher, gas range and microwave! Even the REFIGERATOR is included! All bedrooms are located upstairs, providing privacy and a PEACEFUL RETREAT away from main living areas. The laundry room is in it's own room and INSIDE. Additional highlights include an attached two-car garage, INSTALLED SECURITY SYSTEM and don't forget the ENERGY STAR ENERGY EFFICIENT systems designed to help reduce utility costs. Considered a premium lot in community by the builder! Residents enjoy access to a community pool and spa, open green spaces with a dog park, and a playground. Located within the highly regarded Temecula School District and Temecula's fine dining, shopping at the Promenade Mall, renowned Wine Country with events, music and wine tastings, this home offers comfort, energy savings and convenience. Eligible buyers (incl firefighters, government workers, nurses, military etc) may also qualify for the established Hero Home Buyer Program, providing up to $30K closing cost assistance! Great location for commuters too!

Price History

Date
Event
Price
10/31/25
Listing
$683,000
08/15/24
Sold
$660,500
Condition Rating
Excellent

This property, built in 2024, is essentially brand new. The description highlights energy-efficient systems, builder warranties, and thoughtful upgrades. The images confirm a modern aesthetic throughout, with a contemporary kitchen featuring white shaker cabinets, granite countertops, and new stainless steel Whirlpool appliances (including a refrigerator). Bathrooms also showcase modern vanities and fixtures. Flooring is a mix of new LVP/laminate and fresh carpeting. All components are new, meeting current quality standards with no deferred maintenance, perfectly aligning with an 'excellent' condition.
Pros & Cons

Pros

New Construction & Energy Efficiency: Built in 2024, this 'better than new' home offers modern design, energy-efficient systems (Energy Star, 40 AMP EV charger prewired), and remaining builder warranties, ensuring low maintenance and utility costs.
Desirable Community Amenities: Located in the brand new GATED community of PRADO, residents enjoy access to a community pool, spa, open green spaces, a dog park, and a playground, enhancing lifestyle and property value.
Prime Location & School District: Situated in the highly regarded Temecula School District, with convenient access to fine dining, shopping at the Promenade Mall, renowned Wine Country, and excellent for commuters.
Financial Incentives Available: The property qualifies for the Hero Home Buyer Program, offering up to $30K in closing cost assistance for eligible buyers, making it more accessible.
Modern Upgrades & Inclusions: Thoughtfully upgraded with neutral finishes, an open-concept floor plan, a spacious kitchen island, stainless steel appliances (refrigerator included), installed security system, and turf for easy landscaping.

Cons

Ongoing HOA Fees: The property is subject to a monthly association fee of $149, which is an additional recurring cost for the homeowner.
Small Lot Size: With a lot size of 2,640 sqft, the outdoor space is relatively limited, which may not appeal to buyers seeking a larger yard or more privacy.
All Bedrooms Upstairs Layout: All bedrooms are located on the upper floor, which might be a drawback for buyers preferring a downstairs master bedroom or single-story living for accessibility or convenience.

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