$565,000
SOLD AUG 29, 2025

40503 Melrose Dr Temecula, CA 92591

3 Beds
2.5 Baths
1,698 Sq Ft
$280/mo HOA Fee

Recently Sold

$333 Per Sq Ft

12 Days on Market

Highlights

  • Home Theater
  • Main Floor Bedroom
  • Community Pool
  • Ysabel Barnett Elementary School Rated A
  • Neighborhood Views
  • 2 Car Attached Garage

About This Home

As of August 2025

Pride of ownership shines in this stunning newly built townhome located in the highly desirable Heirloom Farms community of Temecula. Thoughtfully designed with comfort and style in mind, this modern home features quality upgrades throughout, including paid-off solar, luxury vinyl plank flooring, and stylish finishes. The open-concept layout is filled with natural light and offers a seamless connection between the gourmet kitchen, dining area, and spacious living room—perfect for both daily living and entertaining. Private balconies provide relaxing outdoor space, while the third bedroom has been transformed into a cozy home theater ideal for movie nights or gaming. Residents enjoy access to top-notch community amenities including a sparkling pool, spa, BBQ areas, and playgrounds. Located just minutes from top-rated schools, shopping, wineries, and dining, this beautifully upgraded, low-maintenance home offers the ideal blend of comfort, convenience, and modern living in one of Temecula’s most vibrant neighborhoods.

Last Agent to Sell the Property

Zachary Frausto

Abundance Real Estate Brokerage Phone: 951-795-8225 License #02225601 Listed on: 07/24/2025

Last Buyer's Agent

Zachary Frausto

Abundance Real Estate Brokerage Phone: 951-795-8225 License #02225601 Listed on: 07/24/2025

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,973

Year Built

  • Built in 2023

Lot Details

  • 860 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

  • $280 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor
  • Planned Development

Interior Spaces

  • 1,698 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Home Theater
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom

Utilities

  • Central Air

Listing and Financial Details

  • Tax Tract Number 37509
  • Assessor Parcel Number 916732004
  • $3,333 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Heirloom Farms Association, Phone Number (855) 403-3852
  • Maintained Community

Amenities

  • Picnic Area

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Park

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,973

Year Built

Built in 2023

Lot Details

0

HOA Fees

$280 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: 9517958225
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 916732004
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Living Area: 1698.00 Square Feet
  • Stories: 3
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 332.74
  • Room Type: Home Theatre, Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Picnic Area, Playground, Maintenance Grounds
  • Association Fee: 280.00
  • Association Fee Frequency: Monthly
  • Association Name: Heirloom Farms
  • Phone: 855-403-3852
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Park, Sidewalks
  • Association Management: Heirloom Farms

Schools

  • School District: Temecula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 860.00
  • Lot Size Acres: 0.0197
  • Latitude Manual: 33.53480100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 860.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 1

Tax Info

  • Tax Tract Number: 37509
  • TaxOtherAnnualAssessmentAmount: 3333.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2025
Closed on
Aug 26, 2025
Sold by
Razor Austin
Bought by
Razor Veronica
Seller's Agent
Zachary Frausto
Abundance Real Estate
Buyer's Agent
Zachary Frausto
Abundance Real Estate
List Price
$565,000
Sold Price
$565,000
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
83.52%
Original Mortgage
$380,000
Outstanding Balance
$379,673
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$209,857

Purchase Details

Listed on
Jul 24, 2025
Closed on
Aug 13, 2025
Sold by
Allen Jones Ii Robert and Myers Dorian
Bought by
Razor Veronica and Stewart Monica Rose
Seller's Agent
Zachary Frausto
Abundance Real Estate
Buyer's Agent
Zachary Frausto
Abundance Real Estate
List Price
$565,000
Sold Price
$565,000
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Outstanding Balance
$379,673
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$209,857
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Fidelity National Title
Grant Deed $565,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $380,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2025 08/29/25 Sold $565,000 0.0% $333 / Sq Ft
08/05/2025 08/05/25 Pending -- -- --
07/24/2025 07/24/25 For Sale $565,000 -- $333 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,973 $558,364 $130,047 $428,317
2023 $8,973 $38,322 $38,322 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW25165515

California Regional Multiple Listing Service (CRMLS)

APN: 916-732-004