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 | $755,000* List Price | 4 | 3 | 2,112 | $360 | - |
A 40383 Birchfield Drive Sold | $640,000 | 3 | 3 | 1,883 | $340 | 0.1 mi |
B 28918 Lakefront Road Sold | $875,000 | 4 | 3 | 2,249 | $389 | 0.7 mi |
C 40293 Balboa Drive Sold | $750,000 | 4 | 3 | 2,249 | $333 | 0.4 mi |
D 40620 Melrose Drive Sold | $684,000 | 3 | 3 | 1,731 | $395 | 0.0 mi |
E 28988 Newport Road Sold | $700,000 | 3 | 3 | 1,991 | $352 | 0.7 mi |
F 28745 Edenton Sold | $755,000 | 4 | 3 | 2,202 | $343 | 0.5 mi |
G 28267 Ashtree Street Active | $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.
Exceptional opportunity in Temecula. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
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 | 2,177 | 47% |
| Lot Size | 3,250 | 6,970 | 8% |
| Price | $755.0K | $770.0K | 47% |
| Price per sq ft | $357 | $361 | 50% |
| Built year | 2023 | 1999 | 93% |
| HOA | $168.96 | $120 | 77% |
| Days on market | 61 | 180 | 6% |
Feb 20, 2026
$755,000
Initial Listing
Jul 19, 2023
$690,000
Public Record