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40603 Melrose Drive, Temecula, California 92591, Temecula, 92591 - 3 bed, 3 bath

40603 Melrose Drive, Temecula, California 92591 home-pic-0
ACTIVE$565,000$1,698/sqft
40603 Melrose Drive, Temecula, California 92591
3Beds
3Baths
1,698Sqft
3,000Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction: Built in 2023, this condominium offers modern design, up-to-date building standards, and minimal immediate maintenance concerns for a new owner.
Top Cons:
Monthly Association Fee: A monthly association fee of $280.0 is an additional recurring cost that potential buyers must factor into their budget.

Compared to the nearby listings

Price:$565.0K vs avg $616.5K ($-51,500)22%
Size:1,698 sqft vs avg 1,520 sqft78%
Price/sqft:$333 vs avg $3966%

More Insights

Built in 2023 (3 years old).
Condition: This condominium was built in 2023, making it a new construction property. The images confirm its excellent condition, featuring a modern kitchen with white shaker cabinets, quartz countertops, stainless steel appliances, and a stylish geometric tile backsplash. Bathrooms are equally pristine with contemporary vanities, fixtures, and tile work. Flooring consists of new laminate wood on the main level and clean carpet in bedrooms. All components appear new or virtually new, meeting current quality standards with no signs of wear or deferred maintenance.
Year Built
2023
Close
-
List price
$565K
Original List price
$565K
Price/Sqft
$333
HOA
$280
Days on market
-
Sold On
-
MLS number
SW26007447
Home ConditionExcellent
Features
Good View: Hills, Mountain(s), Neighborhood, Peek-A-Boo
Deck
Patio
ViewHills, Mountain(s), Neighborhood, Peek-A-Boo

About this home

Welcome to 40603 Melrose Drive, a beautifully maintained condominium nestled in the heart of Temecula. This inviting home offers a smart, functional layout designed for both comfort and everyday living. Enjoy light-filled living spaces, a well-appointed kitchen, and thoughtfully designed bedrooms that provide the perfect retreat at the end of the day. The open living and dining areas create a warm, welcoming atmosphere ideal for relaxing or entertaining. Step outside to your private patio—perfect for morning coffee or evening gatherings. Conveniently located near shopping, dining, award-winning schools, wineries, and major commuter routes, this home offers the best of Temecula living. Whether you’re a first-time buyer, downsizing, or looking for a low-maintenance lifestyle, this charming condo is a fantastic opportunity to own in one of Temecula’s most desirable areas. Don’t miss your chance to make this wonderful home your own!

D
Dillon Hall
Listing Agent

Price History

Date
Event
Price
08/10/23
Sold
$557,000
Condition Rating
Excellent
This condominium was built in 2023, making it a new construction property. The images confirm its excellent condition, featuring a modern kitchen with white shaker cabinets, quartz countertops, stainless steel appliances, and a stylish geometric tile backsplash. Bathrooms are equally pristine with contemporary vanities, fixtures, and tile work. Flooring consists of new laminate wood on the main level and clean carpet in bedrooms. All components appear new or virtually new, meeting current quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

New Construction: Built in 2023, this condominium offers modern design, up-to-date building standards, and minimal immediate maintenance concerns for a new owner.
Prime Temecula Location: Nestled in the heart of Temecula, the property boasts convenient access to shopping, dining, award-winning schools, local wineries, and major commuter routes.
Low-Maintenance Lifestyle: As a condominium, it provides an attractive low-maintenance living option, ideal for first-time buyers, downsizers, or those seeking less upkeep.
Functional Layout & Well-Appointed Kitchen: The home features a smart, functional layout with light-filled living spaces and a well-appointed kitchen, designed for comfort and everyday living.
Private Outdoor Space & Views: Enjoy a private patio perfect for relaxation and 'Hills, Mountain(s), Neighborhood, Peek-A-Boo' views, enhancing the property's appeal.

Cons

Monthly Association Fee: A monthly association fee of $280.0 is an additional recurring cost that potential buyers must factor into their budget.
Condominium Ownership Limitations: As a condominium, ownership typically involves shared walls and potential restrictions on exterior modifications, which may not suit all buyers seeking full autonomy.
Limited Private Outdoor Space: While a private patio is available, the overall private outdoor space is likely limited compared to a detached single-family home, which some buyers in Temecula may prefer.
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