40718 Melrose Dr, Temecula, California 92591, Temecula, 92591 - 4 bed, 3 bath
40718 Melrose Dr
Temecula, California 92591
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
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 | $364 | - |
A 28918 Lakefront Road Sold | $875,000 | 4 | 3 | 2,249 | $389 | 0.7 mi |
B 40293 Balboa Drive Sold | $750,000 | 4 | 3 | 2,249 | $333 | 0.4 mi |
C 40620 Melrose Drive Sold | $684,000 | 3 | 3 | 1,731 | $395 | 0.0 mi |
D 28988 Newport Road Sold | $700,000 | 3 | 3 | 1,991 | $352 | 0.7 mi |
E 28537 Via Prago Sold | $649,900 | 3 | 3 | 1,520 | $428 | 0.3 mi |
F 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property was built in 2023, making it nearly brand new and meeting the highest quality standards. The interior features a modern open-concept kitchen with white shaker cabinetry, stone countertops, and stainless steel appliances. The home includes contemporary recessed lighting, luxury vinyl plank flooring, and updated bathroom fixtures. As a recent construction, all major systems (HVAC, electrical, plumbing) are new with no deferred maintenance or physical depreciation.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction
Built in 2023, this home offers the latest in energy efficiency, contemporary design, and updated building codes, ensuring a move-in-ready experience with minimal immediate maintenance.
- Top-Tier School District
Located within the highly-regarded Temecula Unified School District, this property is ideally positioned for families and benefits from the long-term property value stability associated with premium schools.
- Functional Family Layout
Featuring 4 bedrooms and 3 bathrooms across 2,112 square feet, the floor plan provides a generous and versatile living space suitable for growing families or those requiring a home office.
CONSRISKS & DEFICIENCIES
- Compact Lot Size
The 3,250 square foot lot is relatively small for a single-family residence, which may limit outdoor recreational options and privacy compared to older homes in the area.
- Recurring HOA Expenses
The property carries a monthly association fee of approximately $169, which adds to the fixed monthly carrying costs and may be a deterrent for buyers seeking non-governed communities.
About 40718 Melrose Dr
Exceptional opportunity in Temecula. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2023
- Lot Size
- 3,250 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $168.96 / Month
Neighborhood Insights
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 | 2,112 | 2,082.5 | 51% |
| Lot Size | 3,250 | 6,970 | 7% |
| Price | $755.0K | $760.0K | 49% |
| Price per sq ft | $357 | $357 | 50% |
| Built year | 2023 | 1997 | 91% |
| HOA | $168.96 | $109 | 76% |
| Days on market | 15 | 179 | 1% |
Pricing History
Listed for Sale
Feb 20, 2026
$755,000
Initial Listing
Sold
Jul 19, 2023
$690,000
Public Record