NOT LISTED FOR SALE

40772 Melrose Dr Temecula, CA 92591

Estimated Value: $651,000 - $694,000

3 Beds
2.5 Baths
1,731 Sq Ft
$391/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $612,495 $354 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,694/month

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 August 2023

Brand new, energy-efficient home available by Aug 2023! Prepare breakfast on the kitchen island and enjoy dinners together in the dining room with the breeze from the backyard. Keep laundry organized with the walk-in laundry room on the same floor as all bedrooms. Meet Valiant at Heirloom Farms, a community of single-family homes with newly-opened model homes in Temecula, CA. This community offers residents amenities for everyone 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: 07/11/2023

Last Buyer's Agent

Julie Nethercutt

Realty ONE Group Southwest License #00995925

Realty ONE Group Southwest

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,251

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 57
  • 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

$10,251

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
  • Entry Location: main
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 353.84
  • 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
  • Number Remotes: 2
  • 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

  • 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
  • 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: 33.53435100

Multi Family

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

Tax Info

  • Tax Lot: 57
  • Tax Tract Number: 319202

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2023
Closed on
Jul 6, 2023
Sold by
Meritage Homes Of California I
Bought by
Nethercutt Family Living Trust and Nethercutt
Seller's Agent
Michelle Shepherd
Meritage Homes of California
Buyer's Agent
Julie Nethercutt
Realty ONE Group Southwest
List Price
$612,495
Sold Price
$612,495
Views
7
Current Estimated Value
$677,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,841
Avg. Annual Appreciation
5.19%
Original Mortgage
$300,000
Interest Rate
6.78%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Nethercutt Family Living Trust $612,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nethercutt Family Living Trust $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $612,495 0.0% $354 / Sq Ft
07/11/2023 07/11/23 Pending -- -- --
07/11/2023 07/11/23 For Sale $612,495 -- $354 / 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 $10,251 $624,744 $102,000 $522,744
2023 $10,251 $73,334 $73,334 $0
2022 $974 $71,897 $71,897 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23118404

California Regional Multiple Listing Service (CRMLS)

APN: 916-740-028