40822 Melrose Drive, Temecula, California 92591, Temecula, 92591 - 4 bed, 3 bath
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Temecula, California 92591
This Stunning 2024 Construction is a High-Potential Investment Opportunity, listed at $759,000—positioned well below the $787,235 Fair Market Value by 3%. This valuation gap offers $28,235 in Instant Equity for the buyer. Featuring an owned solar system and a premium corner lot in the Heirloom Farms community, this home maintains a Mint Condition Rating. With its flexible floor plan and proximity to top-tier schools, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking modern, energy-efficient living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40822 Melrose Drive Subject | $759,000* List Price | 4 | 3 | 2,112 | $373 | - |
A 28918 Lakefront Road Sold | $875,000 | 4 | 3 | 2,249 | $389 | 0.7 mi |
B 40083 Annapolis Drive Sold | $750,000 | 3 | 3 | 2,037 | $368 | 0.4 mi |
C 40293 Balboa Drive Sold | $750,000 | 4 | 3 | 2,249 | $333 | 0.4 mi |
D 40383 Birchfield Drive Sold | $640,000 | 3 | 3 | 1,883 | $340 | 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 40718 Melrose Dr Active | $739,000 List Price | 4 | 3 | 2,112 | $350 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new 2024 construction in mint condition. Features modern open-concept kitchen with stainless steel appliances, contemporary bathrooms, and new energy-efficient systems including an owned solar array.
As a unique corner lot facing the community park with its own private driveway, this property offers superior privacy and accessibility compared to standard homes within the Heirloom Farms development.
Built in 2024 by Meritage Homes, the residence includes an owned solar system and energy-efficient design, providing the buyer with significant long-term savings on utility costs.
The floor plan features a desirable downstairs bedroom and full bathroom alongside an upstairs loft, offering excellent flexibility for multi-generational living or a dedicated home office space.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3485, other record lot size in square feet = 3698.
With a lot size of approximately 3,485 square feet, the private yard space is relatively compact, which may be a drawback for buyers seeking a large backyard for recreation.
Despite its premium location within the community, the property does not offer the panoramic or elevated views often sought after in the Temecula region.
Built in 2024 by Meritage Homes, this stunning residence is the ONLY HOME in the highly desirable Heirloom Farms community located on a PREMIUM CORNER LOT FACING THE COMMUNITY PARK SITTING AREA, complete with ITS OWN PRIVATE DRIVEWAY. Situated within the award-winning Temecula Valley Unified School District, this home offers modern comfort, style, and convenience. Designed with energy efficiency in mind, the home features an owned solar system. The open-concept floor plan includes a downstairs bedroom and full bathroom, a spacious upstairs loft, and a generously sized primary suite with dual sinks and ample closet space. Enjoy resort-style community amenities including a pool, BBQ areas, parks, and zip lines, all while being conveniently close to wineries, shopping, dining, and major freeways. Some photos have been virtually staged with furniture to help illustrate the home’s potential and intended use of space.
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 | 2,207 | 42% |
| Lot Size | 3,485 | 6,970 | 8% |
| Price | $759.0K | $778.5K | 45% |
| Price per sq ft | $359 | $369 | 46% |
| Built year | 2024 | 2000 | 91% |
| HOA | $168.96 | $137 | 71% |
| Days on market | 22 | 154 | 2% |
May 15, 2026
$759,000
Initial Listing
Mar 15, 2024
$716,500
Public Record