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40579 New Town, Temecula, California 92591, Temecula, 92591 - 5 bed, 3 bath

40579 New Town, Temecula, California 92591 home-pic-0
ACTIVE UNDER CONTRACT$899,000
40579 New Town, Temecula, California 92591
5Beds
3Baths
2,588Sqft
12,197Lot
Year Built
1990
Close
-
List price
$899K
Original List price
$915K
Price/Sqft
$347
HOA
-
Days on market
-
Sold On
-
MLS number
SW25217271
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,6 Pros. Rank: price - $899.0K(78th), sqft - 2588(75th), beds - 5(82th), baths - 3(50th).

Wow! Seller is offering $15,000 towards a rate buy-down! This home shows pride of ownership and is being offered for sale by the original owners. Discover this beautifully maintained Temecula home featuring 5 spacious bedrooms and 3 full bathrooms. This First-Time on the market home is situated on a large, private lot exceeding 12,000 square feet. Notice how the house is set back from the street and from neighbors, offering you more privacy, often not available in other homes. The property offers plenty of space for oversized RV parking or equipment storage, outdoor entertaining, or building your dream pool or additional dwelling unit (ADU). The recently painted exterior and newly re-papered roof enhance its curb appeal and durability. Move-in ready, this charming residence combines comfort, versatility, and excellent potential for customization. Don't miss the opportunity to make this well-appointed home yours!

Price History

Date
Event
Price
10/04/25
Listing
$915,000
10/04/25
Price Change
$899,000
Condition Rating
Good
Built in 1990, this home shows pride of ownership and is move-in ready. The kitchen features updated granite countertops, a mosaic tile backsplash, painted cabinets, wood-look flooring, and stainless steel appliances (dishwasher). Bathrooms have also been updated with tiled showers and granite countertops. While some light fixtures and carpets reflect the home's age, these updates are sufficient to prevent immediate renovation needs, aligning with a 'Good' condition score. The recently painted exterior and re-papered roof also contribute to its well-maintained status.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 2588.
Large & Private Lot: Situated on a generous 12,000+ sq ft private lot, set back from the street and neighbors, offering enhanced privacy and ample outdoor space.
Versatile Outdoor Potential: The expansive lot provides significant space for RV/equipment parking, outdoor entertaining, or future additions like a pool or an Accessory Dwelling Unit (ADU).
Seller Incentive: The seller is offering a substantial $15,000 credit towards a rate buy-down, providing a direct financial benefit to the buyer and improving affordability.
Well-Maintained & Move-in Ready: Demonstrates pride of ownership by original owners, featuring a recently painted exterior and newly re-papered roof, making it move-in ready.
Spacious Layout: Offers 5 spacious bedrooms and 3 full bathrooms, accommodating larger families or providing flexibility for home offices and guest accommodations.

Cons

Overpriced Relative to Market Estimate: The current listing price of $899,000 is approximately 7% higher than the estimated property value of $827,455, potentially impacting buyer perception and negotiation.
Older Construction & Potential for Updates: Built in 1990, the property's systems and interior finishes may be original or dated in some areas, potentially requiring future investments for modernization to meet contemporary tastes.
No Specific Interior Updates Mentioned: While well-maintained, the description does not highlight any significant recent interior renovations (e.g., kitchen, bathrooms), which might suggest an older aesthetic compared to newer builds.

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