$641,011
●
Condo -
Off Market
28076 Melrose Drive
Temecula, CA 92591
4 Beds
4 Baths,
1
Half Bath
1,893 Ft²
$3,428
Est. Monthly
$280
HOA / Fees
10.69%
Cap Rate
About This Property
Brand new, energy-efficient home available by Oct 2024! Use the
first-floor bedroom to house older children or live-in parents,
complete with a full bathroom and walk-in closet. Spend family
dinner together in the dining room while enjoying the breeze from
the spacious deck. Turnkey homes available for Quick Move-In!
Sultana at Heirloom Farms is now selling with designer-decorated
model homes. This three-story townhome community offers homeowners
outdoor living spaces, amenities for the whole family, and located
in the award-winning Temecula Valley Unified School District. We
also build each home with innovative, energy-efficient features
that cut down on utility bills so you can afford to do more
living.* Each of our homes is built with innovative,
energy-efficient features designed to help you enjoy more savings,
better health, real comfort and peace of mind.
Unit Size
1,893 Ft²
Days on Market
37 days
Land Size
0.03 acres
Price per sqft
$339
Property Type
Condo
Property Taxes
-
HOA Dues
$280
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #OC24255202)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 13, 2025 | Sold | ||
| Sold | |||
| Jan 7, 2025 | Listed by Meritage Homes of California | $641,011 | |
| Listed by Meritage Homes of California | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Direct Access, Garage
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 4
Bedrooms on Main Level: 1
Full Bathrooms: 3
Half Bathrooms: 1
Bathrooms on Main Level: 1
Levels: ThreeOrMore
Interior Features: Balcony, Pantry, Recessed Lighting, Walk In Pantry
Appliances: Dishwasher, Energy Star Qualified Appliances, Energy Star Qualified Water Heater, Free Standing Range, Disposal, Microwave, Self Cleaning Oven, Tankless Water Heater, Water Heater
Flooring Type: Carpet, Laminate, Vinyl
Doors: Panel Doors
Laundry Features: Washer Hookup, Gas Dryer Hookup, Stacked
None
Exterior Details
Road Frontage Type: CityStreet
Property Condition: Under Construction
Year Built: 2024
Home Type: Residential
Structure Type: MultiFamily
Builder Name: Meritage Homes
Foundation Details: Slab
Roof: Concrete
Window Features: Double Pane Windows, Energy Star Qualified Windows
Construction Materials: Spray Foam Insulation, Stucco
Spa Features: Association, Community
Pool Features: Community, Association
Lot Information: Zero To One Unit Acre
Lot Size Source: Builder
Lot Size Acres: 0.03
Elevation Units: Feet
Utilities Details
Cooling Type: Central Air, Energy Star Qualified Equipment, High Efficiency, Zoned
Location Details
Association Amenities: Picnic Area, Playground, Pool, Spa Hot Tub
Association Fee: $280
Association Fee Frequency: Monthly
Community Features: Curbs, Dog Park, Park, Street Lights, Sidewalks, Pool
High School: Chaparral
High School District: Temecula Unified
Directions: Sultana at Heirloom Farms is located off of Date Street and Ynez Road in Temecula, CA.
Other Details
Listing Terms: Cash, Conventional, CalVetLoan, Exchange1031, FHA, FannieMae, VaLoan
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/07/2025
| |
4 Bed
|
4 Bath
|
1893 ft²
|
$641,011
4 Bed
4 Bath
1893 ft²
|
$641,011
02/13/2025
|
Michelle Shepherd
Meritage Homes
|
Building Info
About Temecula
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Listed by: Michelle Shepherd, Meritage Homes of California
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24255202
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24255202
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