40601 Cebu Street, Temecula, California 92591, Temecula, 92591 - 4 bed, 3 bath
40601 Cebu Street
Temecula, California 92591
Property Price
SUMMARY
Analysis of 40601 Cebu Street, Temecula, California 92591 reveals a property with a current list price of $809,000, which is 3% above the estimated $784,135 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40601 Cebu Street Subject | $809,000* List Price | 4 | 3 | 2,460 | $319 | - |
A 32186 Placer Belair Sold | $825,000 | 4 | 3 | 2,591 | $318 | 0.6 mi |
B 40998 Promenade Chardonnay Sold | $780,000 | 5 | 3 | 1,972 | $396 | 0.7 mi |
C 31415 Congressional Drive Sold | $797,000 | 5 | 4 | 2,784 | $286 | 0.7 mi |
D 41161 Crooked Stick Sold | $785,000 | 4 | 3 | 2,584 | $304 | 0.8 mi |
E 31939 Calle Elenita Active Under Contract | $799,999 List Price | 4 | 3 | 2,460 | $325 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and well-maintained. Although built in 2004 (22 years ago), it features a recently remodeled kitchen that opens to the family room, updated flooring, and modern interior paint. The home shows minimal wear and tear, and the exterior curb appeal and backyard fire pit area indicate consistent upkeep, meeting the criteria for 'good' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Corner Lot Location
Situated on a desirable corner lot in the sought-after Serena Hills community, the property is just steps away from Serena Hills Park, offering excellent curb appeal and neighborhood convenience.
- Modernized Open Floor Plan
The home features a recently remodeled kitchen that flows seamlessly into the family room, complemented by a versatile first-floor bonus room ideal for a home office or guest space.
- Expansive Outdoor Entertaining
The large backyard is designed for leisure and social gatherings, featuring a dedicated fire pit area and ample space for outdoor activities on a generous 7,405 square foot lot.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Upper-Level Centric Layout
All four bedrooms and both full bathrooms are located on the second floor, which may pose a challenge for buyers seeking a ground-floor primary suite or full guest accommodations.
- Lack of Scenic Views
The property is noted as having no specific views, which may be a disadvantage compared to other homes in the Temecula area that offer vineyard or mountain vistas.
About 40601 Cebu Street
Gorgeous corner lot home in the highly desired community of Serena Hills and a few skips and hops to Serena Hills Park. This home has a total of four spacious bedrooms and two full bathrooms including a primary bedroom and primary bathroom all on the second level. A convenient half bathroom is on the first level. Cozy up to the fireplace in the family room which has an open floor plan with the remodeled kitchen. Besides the dining room, and living room, imagine what you could do with a bonus room on the first level which is currently being used as an office. Enjoy the large backyard as you reminisce around the fire pit.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $59.0 / Month
Neighborhood Insights
Temecula Unified Schools
Rancho Elementary School
Grades K-5 • 0.6 mi
Vintage Hills Elementary School
Grades K-5 • 1.5 mi
Margarita Middle School
Grades 6-8 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,460 | 2,082.5 | 65% |
| Lot Size | 7,405 | 6,970 | 52% |
| Price | $809.0K | $764.0K | 60% |
| Price per sq ft | $329 | $356 | 29% |
| Built year | 2004 | 1997 | 69% |
| HOA | $59.0 | $104 | 37% |
| Days on market | 6 | 179 | 1% |
Pricing History
Listed for Sale
Mar 1, 2026
$809,000
Initial Listing
Sold
Dec 1, 2021
$682,000
Public Record
Sold
May 24, 2016
$400,000
Public Record
Sold
May 14, 2009
$256,000
Public Record
Sold
Feb 28, 2005
$442,500
Public Record