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Temecula 92591
40391 Melrose
$475,426
↓ $15K (3%)
● Condo - For Sale

40391 Melrose

Temecula, CA 92591
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,387 Ft²
$2,666
Est. Monthly
$331
HOA / Fees
7.22%
Cap Rate

About This Property

SHORT SALE APPROVED!!  Welcome to a place where modern comfort meets the heart of Temecula living in the serene Heirloom Farms community. This nearly new three-story residence, crafted in 2023, invites you in with a charming front porch that sets a peaceful tone before you even step inside. The open-concept heart of the home seamlessly connects a contemporary kitchen, featuring elegant quartz countertops and sleek finishes, to living spaces designed for making memories. Sustainability and ease are woven into the very fabric of the property, which features fully owned solar panels, spray foam insulation, and a tankless water heater to ensure your sanctuary is as efficient as it is cozy. Upstairs, the primary suite serves as a true retreat with its spacious walk-in closet and dual vanities, while the private balcony offers a quiet spot to enjoy the morning air. Beyond the front door, the vibrant neighborhood provides endless opportunities for play and relaxation with its sparkling pool, spa, and unique park amenities like the community zipline. Situated just moments from the scenic beauty of Lake Harveston, the local flavor of Old Town, and the convenience of the Promenade Mall, this home keeps you connected to the best of the region while remaining tucked away in a quiet enclave. Complete with an attached two-car garage and all essential appliances included, this townhome represents a thoughtful blend of style and soul within the prestigious award winning Temecula Unified School District. **Short Sale. Subject to lender approval. Property is being sold as-is with no repairs or credits. Great opportunity for buyers willing to navigate the short sale process. Please allow additional time for bank response.
Unit Size
1,387 Ft²
Days on Market
209 days
Land Size
-
Price per sqft
$343
Property Type
Condo
Property Taxes
-
HOA Dues
$331
Year Built
-

Listed By

Hank Greer
Reliable Realty Inc.

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Cap Rate Calculator

Last updated: 2 months ago (CRMLS #SW26070814)

Price History

Date / Event Date Event Price
Aug 28, 2026 Price Decreased $475,426
↓ $15K (3%)
Price Decreased
Aug 20, 2026 Price Decreased $490,000
↓ $10K (2%)
Price Decreased
Jul 21, 2026 Price Increased $500,000
↑ $15K (3.1%)
Price Increased
Apr 6, 2026 Listed by Reliable Realty Inc. $485,000
Listed by Reliable Realty Inc.

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Entrance Foyer, Walk-In Closet(s), AllBedroomsUp, PrimarySuite
Laundry Features: Inside, Laundry Room
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 1387
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 2024
Levels: Three Or More
Pool Features: Association
Tax Lot: 130
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Barbecue, Picnic Area, Playground, Pool, Pickleball
HOA Fee: $331
HOA Fee Frequency: Monthly

Comparables

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

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20240805
08/05/2024
2 Bed
3 Bath
1387 ft²
$532,295
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1387 ft²
$548,095 +2.97%
10/30/2024
Michelle Shepherd
Meritage Homes

Building Info

40391 Melrose Drive 40391 Melrose Drive, Temecula, CA 92591
  • 1 Unit for Sale
More about this Building
40391 Melrose Drive
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About Temecula


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