NOT LISTED FOR SALE

40540 Melrose Dr Temecula, CA 92591

Estimated Value: $669,000 - $697,000

3 Beds
2.5 Baths
1,883 Sq Ft
$366/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $618,885 $329 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,672/month

97 Days on Market

Highlights

  • Under Construction
  • Spa
  • Neighborhood Views
  • Ysabel Barnett Elementary School Rated A
  • Open Floorplan
  • 2 Car Direct Access Garage

About This Home

As of March 2023

Brand NEW energy-efficient home ready February 2023! Entertain family in the open concept downstairs living space, complete with a downstairs powder bathroom. White cabinets with bengal white granite countertops, lighthouse EVP flooring and greyish brown patterned carpet in our Crisp 2 package. Meet Valiant at Heirloom Farms, a community of single-family homes now selling in Temecula, CA. This community offers residents amenities for the whole family and is conveniently located in the award-winning Temecula school district. Known for their energy-efficient features, our homes help you live a healthier lifestyle while saving you thousands of dollars in utility bills.

Last Agent to Sell the Property

Michelle Shepherd

Meritage Homes of California License #00976964 Listed on: 11/29/2022

Last Buyer's Agent

Jenya Huston

COLDWELL BANKER REALTY License #02081939

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022 | 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
  • Fire Rated Drywall
  • Spray Foam Insulation
  • Concrete Roof

Interior Spaces

  • 1,883 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Panel Doors
  • Neighborhood Views
  • Smart Home

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Low Flow Shower
  • Low Flow Toliet
  • Exhaust Fan In Bathroom

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

Pool

  • Spa

Schools

  • Chaparral High School

Utilities

  • High Efficiency Air Conditioning
  • Humidity Control
  • SEER Rated 13-15 Air Conditioning Units
  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0074
  • Tax Tract Number 319202

Community Details

Overview

  • Heirloom Frams HOA
  • Vintage Group HOA
  • Built by Meritage Homes
  • Residence 2

Recreation

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

Home Details

Home Type

Single Family

Year Built

Built in 2022 | Under Construction

Lot Details

0

HOA Fees

$149 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: live now deisgn package, M.connect
  • Property Attached: No
  • Road Frontage Type: City Street
  • 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: 2022
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Living Area: 1883.00 Square Feet
  • Interior Amenities: Home Automation System, Open Floorplan, 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: 328.67
  • Room Type: All Bedrooms Up, Kitchen, Laundry
  • Spa Features: Association, Community
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows
  • Bathroom Features: Low Flow Shower, Low Flow Toilet(s), Exhaust Fan(s)
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Vinyl
  • Builder Name: Meritage Homes
  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Concrete
  • Spa: Yes
  • Construction Materials: Drywall Walls, 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 Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Free-Standing Range, Microwave, Tankless Water Heater, Vented Exhaust Fan
  • Electric: Standard
  • Heating Type: Central, ENERGY STAR Qualified Equipment, Humidity Control, Natural Gas
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment, High Efficiency, Humidity Control, Seer Rated 13-15, Zoned
  • 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: 855-03-3852
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Dog Park, Park, Sidewalks
  • Association Management: Vintage Group

Schools

  • High School: Chaparral
  • 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: 33.53500600

Multi Family

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

Tax Info

  • Tax Lot: 0074
  • Tax Tract Number: 319202

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2022
Closed on
Mar 3, 2023
Sold by
Meritage Homes Of Claifornia Inc
Bought by
Lnu Nishith Mohan and Rai Aditi
Seller's Agent
Michelle Shepherd
Meritage Homes of California
Buyer's Agent
Jenya Huston
COLDWELL BANKER REALTY
List Price
$618,885
Sold Price
$618,885
Views
60
Current Estimated Value
$689,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,674
Avg. Annual Appreciation
4.03%
Original Mortgage
$556,996
Outstanding Balance
$540,098
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$149,461
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lnu Nishith Mohan $619,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lnu Nishith Mohan $556,996
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2023 03/30/23 Sold $618,885 0.0% $329 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
02/07/2023 02/07/23 Price Changed $618,885 0.0% $329 / Sq Ft
02/07/2023 02/07/23 For Sale $618,885 +0.8% $329 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
01/30/2023 01/30/23 Price Changed $613,885 0.0% $326 / Sq Ft
01/30/2023 01/30/23 For Sale $613,885 +1.1% $326 / Sq Ft
12/28/2022 12/28/22 Pending -- -- --
11/29/2022 11/29/22 For Sale $607,295 -- $323 / 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 $10,914 $643,885 $104,037 $539,848
2023 $10,914 $79,982 $79,982 $0
2022 $1,062 $78,414 $78,414 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22246065

California Regional Multiple Listing Service (CRMLS)

APN: 916-740-045