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40706 Melrose, Temecula, CA 92591

$660K3bd · 3ba · 1,851 sqft
Lot 2,879 sqft•HOA $145/mo•Single Family Residence•
Active
•49d on market•MLS# CV-26200936

Property Description

Welcome to this beautiful corner-lot home located in the desirable Heirloom Farms community of Temecula. Built in 2023, this fully detached, two-story residence features 3 bedrooms, 2.5 bathrooms, and approximately 1,851 square feet of living space. Beautifully maintained, this home offers inviting finishes and a convenient location just a short walk from the neighborhood park, playground, and barbecue areas. Inside, the home features laminate flooring and a beautiful kitchen with white shaker cabinets, granite countertops, and an extended kitchen island offering plenty of room for meal preparation and gathering with family and friends. The kitchen’s generous counter space makes it ideal for everyday cooking and entertaining. Upstairs, you will find all three bedrooms, including the primary suite featuring a walk-in closet and a private bathroom with a walk-in shower. The additional bedrooms offer space for guests or a home office, while the upstairs laundry room adds convenience to your daily routine. Heirloom Farms residents enjoy a community pool and spa, parks, playgrounds, and picnic and barbecue areas, providing wonderful spaces to relax and spend time outdoors. Located within the Temecula Valley Unified School District and conveniently close to shopping, restaurants, and freeway access, this home also puts Temecula’s renowned wineries within easy reach. Whether you are enjoying an afternoon at the pool or hosting friends at home, there is plenty to appreciate about this property and its community. Come see it and make this beautiful home your own!

Features & Amenities

FeeBuilt 2023

Property Details

Land Type
Fee
Year Built
2023
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
City
Temecula
Zip Code
92591
County
Riverside
Listed byAcevedo Real Estate Professionals, Ricardo Acevedo

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,336.81
Principal & Interest
Loan Amount
$527,920
Total Interest
$673,333
Total Payment Over 30 Years
$1,201,253
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

40706 Melrose, Temecula, CA 92591

Temecula · Single Family Residence

$660K
Residential Tier
Beds
3
Baths
3
Sqft
1,851
Lot
2,879 sqft
Year
2023
$/Sqft
$357
Pool: Yes✓
Spa: Yes✓
Garage: 2-car✓

Listed 7.8% below the median closed sale of $716,000. Price per sqft ($357) is a 10% discount to closed comps ($398). Closed comps sold at 100% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $660K· $357/sqft
Total list price
Closed comps
vs closed median $716K
−$56K (−7.8%)
Active comps
vs active median $687K
−$27K (−4.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $405
−$48 (−11.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
28255 Via VendimiaTemecula2026331,6473,500$403$664,000685
40111 Campos ElegantesTemecula2026431,8653,500$385$717,5002685
40106 Campos ElegantesTemecula2026331,6473,500$417$687,3009484
40118 Campos ElegantesTemecula2026431,8653,500$388$724,0009484
40133 Campus de LujoTemecula2026331,5203,500$433$657,5003983
Total: 5 · Average3.43.01,708.83,500$405.2$690,06051.8
Median1,647$687,300

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
28225 Via SomantanoTemecula202609/30/2026331,6473,500$669,000$669,000$4061.0014885
28412 Campos De FloresTemecula202509/28/2026331,6473,500$699,000$717,000$4351.0310284
28367 Via AlellaTemecula202608/13/2026331,6473,500$695,600$690,000$4190.994584
40822 Melrose DriveTemecula202407/30/2026432,1123,485$729,000$727,000$3441.007683
28211 Via SomantanoTemecula202605/22/2026431,8653,500$721,000$716,000$3840.992983
Total: 5 · Average3.43.01,783.63,497$703,800$703,800$397.6—80
Median1,647$716,000$716,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.