40391 Melrose, Temecula, CA 92591
40391 Melrose, Temecula, CA 92591
Property Description
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.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Temecula · Condominium
Listed 17.6% below the median closed sale of $577,000. Price per sqft ($343) is a 14% discount to closed comps ($401). Closed comps sold at 100% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 40500 Birchfield Drive | Temecula | 2024 | 3 | 3 | 1,504 | 0 | $372 | $560,000 | 4 | 90 |
| 44014 Arcadia Court | Temecula | 2015 | 3 | 3 | 1,319 | 1,068 | $379 | $499,900 | 22 | 88 |
| 31897 Calle Luz | Temecula | 2015 | 3 | 3 | 1,512 | 1,115 | $380 | $575,000 | 4 | 86 |
| 40863 Melrose Drive | Temecula | 2023 | 3 | 3 | 1,698 | 878 | $330 | $560,000 | 16 | 85 |
| 32789 Tannat Dr | Temecula | 2024 | 3 | 3 | 1,755 | 3,400 | $356 | $625,000 | 14 | 84 |
| Total: 5 · Average | 3.0 | 3.0 | 1,557.6 | 1,615.25 | $363.4 | $563,980 | 12 | |||
| Median | 1,512 | $560,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28219 Via Somantano | Temecula | 2026 | 07/08/2026 | 3 | 3 | 1,402 | 3,500 | $629,000 | $629,000 | $449 | 1.00 | 63 | 90 |
| 28280 Via Garnicia | Temecula | 2026 | 07/06/2026 | 3 | 3 | 1,402 | 3,500 | $625,000 | $625,000 | $446 | 1.00 | 118 | 90 |
| 39435 Corvina Lane | Temecula | 2024 | 06/18/2026 | 3 | 3 | 1,514 | 0 | $535,000 | $535,000 | $353 | 1.00 | 40 | 88 |
| 31312 Calle Cirros | Temecula | 2021 | 06/23/2026 | 3 | 3 | 1,523 | 0 | $570,000 | $577,000 | $379 | 1.01 | 69 | 87 |
| 31872 Calle Luz | Temecula | 2015 | 06/30/2026 | 3 | 3 | 1,512 | 0 | $578,000 | $574,000 | $380 | 0.99 | 42 | 85 |
| Total: 5 · Average | 3.0 | 3.0 | 1,470.6 | 3,500 | $588,000 | $588,000 | $401.4 | — | 66.4 | ||||
| Median | 1,512 | $577,000 | $577,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.