NOT LISTED FOR SALE

40528 Melrose Dr Temecula, CA 92591

Estimated Value: $668,000 - $701,566

3 Beds
2.5 Baths
1,731 Sq Ft
$395/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $621,695 $359 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,631/month

33 Days on Market

Highlights

  • Under Construction
  • Spa
  • 2 Car Direct Access Garage
  • Ysabel Barnett Elementary School Rated A
  • Mountain View
  • Double Pane Windows

About This Home

As of May 2023

Brand new, energy-efficient home available by Feb 2023! Prepare breakfast for the kids on the kitchen island and enjoy family dinners together in the dining room. White cabinets with simply white quartz countertops, oyster oak EVP flooring and multi-tone textured carpet in our Sleek package. Whirlpool Appliances included. Meet Valiant at Heirloom Farms, a community of single-family homes now selling with newly-opened model homes in Temecula, CA. This community offers residents amenities for the whole family and is conveniently located in the award-winning Temecula school district. Each energy-efficient home also comes standard with features that go beyond helping you save on utility bills—they allow your whole family to live better and breathe easier too.* Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

Last Agent to Sell the Property

Michelle Shepherd

Meritage Homes of California License #00976964 Listed on: 02/15/2023

Last Buyer's Agent

Enrique 'Henry' Estrada

Hilltop Realty License #01200315

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,838

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • 2,614 Sq Ft Lot
  • Vinyl Fence
  • Density is up to 1 Unit/Acre

HOA Fees

  • $149 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Planned Development
  • Slab Foundation
  • Spray Foam Insulation
  • Concrete Roof

Interior Spaces

  • 1,731 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Panel Doors
  • Mountain Views

Kitchen

  • Self-Cleaning Oven
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Shower
  • Low Flow Toliet

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Eco-Friendly Details

  • ENERGY STAR Qualified Appliances
  • Energy-Efficient Construction
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Insulation
  • ENERGY STAR Qualified Equipment for Heating
  • Energy-Efficient Thermostat

Outdoor Features

  • Spa
  • Exterior Lighting

Schools

  • Barnett Elementary School
  • James Day Middle School
  • Chaparral High School

Utilities

  • High Efficiency Air Conditioning
  • Humidity Control
  • SEER Rated 13-15 Air Conditioning Units
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • ENERGY STAR Qualified Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0075
  • Tax Tract Number 319202

Community Details

Overview

  • Heirloom Frams HOA, Phone Number (855) 403-3852
  • Vintage Group HOA
  • Built by Meritage Homes
  • Residence 1

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Park
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,838

Year Built

Built in 2023 | Under Construction

Lot Details

0

HOA Fees

$149 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Live. Now design package, M.Connect
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Valiant at Heirloom Farms
  • View: Yes
  • Zoning: RES
  • New Construction: Yes
  • Property Condition: Under Construction
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Living Area: 1731.00 Square Feet
  • Interior Amenities: Pantry, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Panel Doors
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 359.15
  • Room Type: All Bedrooms Up, Laundry
  • Spa Features: Community
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows
  • Bathroom Features: Low Flow Shower, Low Flow Toilet(s), Double Sinks In Bath(s), Double Sinks In Master Bath
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Vinyl
  • Builder Name: Meritage Homes
  • Pool Features: Community
  • Pool Private: No
  • Roof: Concrete
  • Spa: Yes
  • Construction Materials: Spray Foam Insulation

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Free-Standing Range, Disposal, Microwave, Self Cleaning Oven
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central, ENERGY STAR Qualified Equipment, Forced Air, Humidity Control, Natural Gas
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment, High Efficiency, Seer Rated 13-15
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground
  • Association Fee: 149.00
  • Association Fee Frequency: Monthly
  • Association Name: Heirloom Frams HOA
  • Phone: 855-403-3852
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Dog Park, Park, Sidewalks, Street Lights
  • Association Management: Vintage Group

Schools

  • Elementary School: Barnett
  • High School: Chaparral
  • Middle Or Junior School: James Day
  • Elementary School #2: BARNET
  • High School2: CHAPAR2

Green Features

  • Green Water Conservation: Flow Control
  • Efficiency: Appliances, Construction, HVAC, Insulation, Lighting, Thermostat, Water Heater, Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2613.60
  • Lot Size Acres: 0.0600
  • Latitude Manual: 33.53031600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 0.0600 Acres
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 0075
  • Tax Tract Number: 319202

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2023
Closed on
Mar 23, 2023
Sold by
Meritage Homes Of California I
Bought by
Gomez-Vivanco Brian and Ovalle Julieth Bustamante
Seller's Agent
Michelle Shepherd
Meritage Homes of California
Buyer's Agent
Enrique 'Henry' Estrada
Hilltop Realty
List Price
$626,285
Sold Price
$621,695
Premium/Discount to List
-$4,590
-0.73%
Views
140
Current Estimated Value
$683,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,197
Avg. Annual Appreciation
3.90%
Original Mortgage
$590,610
Outstanding Balance
$573,582
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$110,310
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 Buyer Sale Price Title Company
Gomez-Vivanco Brian $622,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez-Vivanco Brian $590,610
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2023 05/01/23 Sold $621,695 +2.3% $359 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
03/13/2023 03/13/23 Price Changed $607,885 -2.9% $351 / Sq Ft
02/15/2023 02/15/23 For Sale $626,285 -- $362 / 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 $10,838 $646,808 $104,037 $542,771
2023 $10,838 $73,334 $73,334 $0
2022 $974 $71,897 $71,897 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Michelle Shepherd

    Meritage Homes of California

    Section Image

  • M

    Buyer's Agent in 2023

    Melva Duque

    Professional Realty Services

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23026163

California Regional Multiple Listing Service (CRMLS)

APN: 916-740-046

California Riverside County Temecula 92591

40528 Melrose Dr, Temecula, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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