40718 Melrose Dr, Temecula, California 92591, Temecula, 92591 - 4 bed, 3 bath
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Temecula, California 92591
This Modern Turnkey Residence is listed at $755,000, positioned well below the $766,434 Fair Market Value by 1%. This valuation gap offers $11,434 in Instant Equity for a property with an Excellent Condition Rating. Built in 2023, the home features a spacious 4-bedroom layout, contemporary kitchen cabinetry, and a private patio. Located in the premier Temecula Unified School District, it ensures long-term value and lifestyle quality. This is an ideal match for growing families or Owner-Occupants seeking a move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40718 Melrose Dr Subject | $699,999* List Price | 4 | 3 | 2,112 | $331 | - |
A 28211 Via Somantano Sold | $716,000 | 4 | 3 | 1,865 | $384 | 0.2 mi |
B 40083 Annapolis Drive Sold | $750,000 | 3 | 3 | 2,037 | $368 | 0.4 mi |
C 40383 Birchfield Drive Sold | $640,000 | 3 | 3 | 1,883 | $340 | 0.1 mi |
D 28242 Via Vendimia Sold | $632,000 | 3 | 3 | 1,520 | $416 | 0.2 mi |
E 28459 Plymouth Way Sold | $723,000 | 3 | 3 | 1,763 | $410 | 0.2 mi |
F 40265 Danbury Court Sold | $707,000 | 3 | 3 | 1,913 | $370 | 0.4 mi |
G 28267 Ashtree Street Pending | $680,000 List Price | 4 | 3 | 2,112 | $322 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2023, making it nearly new and well within the 10-year threshold for an excellent rating. It features modern architectural design, contemporary kitchen cabinetry with stainless steel appliances, updated recessed lighting, and high-quality flooring throughout. All systems and components are virtually new with no deferred maintenance.
Built in 2023, this home offers modern energy-efficient features, contemporary finishes, and the peace of mind that comes with newer systems and structural integrity.
Located within the highly-regarded Temecula Unified School District, this property provides access to top-tier educational opportunities, a key driver for long-term property value.
With 4 bedrooms and 3 full bathrooms across 2,112 square feet, the floor plan is well-suited for growing families or those requiring a dedicated home office space.
The 3,250 square foot lot is relatively compact for a detached residence, which may limit outdoor entertaining options and backyard privacy.
The property is subject to a monthly association fee of approximately $169, which adds to the recurring cost of ownership and must be factored into the buyer's monthly budget.
The seller is motivated for quick sale with huge prices reduces. Welcome to Heirloom Farms community, a highly desirable community in the heart of Temecula. Built by Meritage Homes — known for the contemporary design and energy-efficient construction. This beautiful move in ready home has OWNED solar which added the value to the house and provides long-term on energy savings. Located by the community park at the front, adding a nice view and space. The 1st floor open layout offers excellent versatility for living, dining and cooking. Separated bedrooms and bathroom. The 2nd floor has an open loft which is convince for work-from-home or children’s play area, and 3 bedrooms and 2 full baths. The spacious master bedroom with a double sink bathroom and generous closet space. A low-maintenance backyard perfect for relaxing or hosting guests without the burden of extensive daily keeping. Enjoy resort-style community amenities including clubhouse, a pool/spa, picnic BBQ areas, playground and community parks. Award-winning Temecula Valley Unified School District. Conveniently close to Temecula’s renowned wineries, resorts, great schools, shopping, dining, and as well as easy access to both 215 and 15 freeways, making commute and travel easier and faster. This is a great opportunity to own your home which offers location, value and stylishness in this vibrant neighborhood in Temecula.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,112 | 2,202 | 44% |
| Lot Size | 3,250 | 6,970 | 6% |
| Price | $700.0K | $775.0K | 31% |
| Price per sq ft | $331 | $370 | 32% |
| Built year | 2023 | 2000 | 87% |
| HOA | $168.96 | $137 | 72% |
| Days on market | 114 | 155 | 31% |
Jun 5, 2026
$699,999
$739,000
-5% Price Drop
Initial Listing
Apr 24, 2026
$739,000
$755,000
-2% Price Drop
Initial Listing
Feb 20, 2026
$755,000
Initial Listing
Jul 19, 2023
$690,000
Public Record