NOT LISTED FOR SALE

40662 Melrose Dr Temecula, CA 92591

Estimated Value: $710,000 - $761,000

4 Beds
3 Baths
2,155 Sq Ft
$345/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $661,695 $307 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,184/month

18 Days on Market

Highlights

  • Under Construction
  • Spa
  • Stone Countertops
  • Ysabel Barnett Elementary School Rated A
  • Main Floor Bedroom
  • Neighborhood Views

About This Home

As of June 2023

Brand new, energy-efficient home available by Jul 2023! Cook meals with the family in the expansive kitchen that looks out to the backyard. Use the upstairs loft to host sleepovers, study sessions, or game nights. This home includes the Crisp design package. 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: 03/16/2023

Last Buyer's Agent

James Frageau

Impact Real Estate License #02100790

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,770

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
  • Fire Rated Drywall
  • Concrete Roof
  • Stucco

Interior Spaces

  • 2,155 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Panel Doors
  • Family Room Off Kitchen
  • Neighborhood Views
  • Smart Home

Kitchen

  • Open to Family Room
  • Walk-In Pantry
  • Self-Cleaning Oven
  • Free-Standing Range
  • Dishwasher
  • Kitchen Island
  • Stone Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • 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
  • Water-Smart Landscaping

Outdoor Features

  • Spa
  • Covered Patio or Porch
  • 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 Zoned Heating and Cooling System
  • High Efficiency Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0067
  • Tax Tract Number 319202
  • Assessor Parcel Number 916740038

Community Details

Overview

  • Heirloom Farms HOA, Phone Number (855) 403-3852
  • Vintage Group HOA
  • Built by Meritage Homes
  • Residence 3

Recreation

  • Community Pool
  • Community Spa
  • Park
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,770

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 deisgn 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
  • Parcel Number: 916740038
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Living Area: 2155.00 Square Feet
  • Interior Amenities: Home Automation System, Pantry, Recessed Lighting, Stone Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Panel Doors
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 307.05
  • Room Type: Kitchen, Laundry, Main Floor Bedroom, Walk-In Closet, Walk-In Pantry
  • Spa Features: Association, 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, Exhaust Fan(s)
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Vinyl
  • Builder Name: Meritage Homes
  • Patio And Porch Features: Covered
  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Concrete
  • Spa: Yes
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Free-Standing Range, Self Cleaning Oven, Tankless Water Heater
  • Electric: Standard
  • Heating Type: Central, ENERGY STAR Qualified Equipment, Forced Air, High Efficiency, 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, Seer Rated 13-15, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 149.00
  • Association Fee Frequency: Monthly
  • Association Name: Heirloom Farms 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

  • School District: Temecula Unified
  • Elementary School: Barnett
  • Middle School: James Day
  • High School: Chaparral
  • 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, Water-Smart Landscaping
  • 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: 33.53461100

Multi Family

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

Tax Info

  • Tax Lot: 0067
  • Tax Tract Number: 319202

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $661,695 +1.8% $307 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
03/31/2023 03/31/23 Price Changed $650,295 +1.1% $302 / Sq Ft
03/22/2023 03/22/23 Price Changed $643,295 +0.3% $299 / Sq Ft
03/16/2023 03/16/23 For Sale $641,295 -- $298 / 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 $11,770 $688,426 $206,527 $481,899
2024 $11,770 $674,928 $202,478 $472,450
2023 $11,770 $86,649 $86,649 $0
2022 $1,151 $84,950 $84,950 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23043649

California Regional Multiple Listing Service (CRMLS)

APN: 916-740-038