See Home Value
$698,500
● House - Off Market

40342 Salem Way

Temecula, CA 92591
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,866 Ft²
$3,693
Est. Monthly
$133
HOA / Fees
6.30%
Cap Rate

About This Property

Welcome to this sought-after single-story Spanish-style home in the highly desirable community of Harveston! From the moment you arrive, the charming arched windows across the front hint at the warmth and character found inside. Step into a bright, open floor plan designed for both comfort and functionality, with two spacious secondary bedrooms and a full bath conveniently located at the front of the home, while the private primary suite rests quietly at the back. The heart of the home is the expansive kitchen, boasting a large center island, loads of cabinetry, granite counters, and a walk-in pantry-perfect for the chef or entertainer. It seamlessly connects to the dining and living areas, making it an ideal space for gatherings of any size. Sliding patio doors lead you to the low-maintenance backyard, complete with a concrete patio, raised planting beds, mature shrubs, and palm trees, offering a tranquil space to relax, garden, or enjoy outdoor dining. Retreat to the oversized primary bedroom, featuring a ceiling fan, massive walk-in closet with mirrored French door, a spa-like soaker tub, dual sinks with extended counter space, and additional cabinetry for linens and storage. Elegant touches such as crown molding, shutters, and blinds add timeless character throughout the home, while the dedicated laundry room with cabinetry provides everyday convenience. The attached two-car garage offers additional storage and functionality. All of this is set within the incredible Harveston community, known for its picturesque 17-acre lake with walking trails, fishing, paddle boats, and picnic areas. Residents also enjoy access to a clubhouse, community pool, sports parks, and year-round events that make Harveston one of Temecula's most sought-after neighborhoods. With shopping, dining, award-winning schools, easy freeway access, and world-renowned Temecula Wine Country just minutes away, this home offers the perfect blend of charm, convenience, and an unbeatable lifestyle.
Unit Size
1,866 Ft²
Days on Market
111 days
Land Size
0.11 acres
Price per sqft
$388
Property Type
House
Property Taxes
-
HOA Dues
$133
Year Built
2005

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Cap Rate Calculator

Last updated: 11 months ago (CRMLS #SW25189978)

Price History

Date / Event Date Event Price
Dec 11, 2025 Sold
Sold
Nov 13, 2025 In contract -
In contract
Nov 5, 2025 Price Decreased $724,900
↓ $25K (3.3%)
Price Decreased
Sep 20, 2025 Price Decreased $749,900
↓ $15K (2%)
Price Decreased
Aug 22, 2025 Listed by LPT Realty, Inc $764,999
Listed by LPT Realty, Inc

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 437
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Total Building Area: 2,332
  • Gross Building Area: 2,332
  • Building Area: 1,866
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,866
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 20
  • State Land Use Code: R01
  • Legal Description 1: .11 ACRES M/L IN LOT 24 MB 355/046 TR 30668

Neighborhood

  • School District Name: Temecula Valley Unified School District
  • Census Tract: 049600

Geography

  • Subdivision Tract Number: 30668
  • Parcel: 916-482-002
  • Lot: 24
  • Municipality: TEMECULA
  • Latitude: 33.5347
  • Longitude: -117.159

    Address

  • Full Address: 40342 Salem Way
  • Address - House Number: 40342
  • Address - Street Name: Salem
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Temecula
  • Carrier Code: C031
  • 4-Digit Zip Code: 7533
  • Zip Code: 92591

Valuation

    Tax

  • Total Area: 1,866
  • Tax Year: 2023
  • Tax Amount: $806,790
  • Tax Rate Code Area: 013-004

    Appraisal Valuation

  • Standard Deviation: 0.2002
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 73
  • Final Value: 737,532
  • High Value: 885,194
  • Low Value: 589,869

    Market Valuation

  • Market Total Value: $510,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $569,383
  • Assessed Land Value: $241,149
  • Assessed Improvements Value: $328,234

    Sales

  • Current Sale Contract Date: May 06, 2005
  • Current Sale Recording Date: Jun 02, 2005
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2005-0440127

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Harveston


Similar Homes for Sale

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Nearby Rentals

Unit for rent at 27444 Brandon Lane, TEMECULA, CA, 92591

$4,000 /mo

  • 5 Beds
  • 3 Baths
  • 3,069 ft²
27444 Brandon Lane, TEMECULA, CA, 92591 Listing by Ran Cho


Frequently Asked Questions

When was property at 40342 Salem Way built and last sold?
The property at 40342 Salem Way was built in 2005 and last sold on May 6, 2005 for $425,000.
How much is this home worth?
The estimated value of the home located at 40342 Salem Way is $728,387.
What are some comparable homes to 40342 Salem Way?
There are currently no comparable homes to 40342 Salem Way.