Under contract

Listed by: CENTURY 21 Affiliated • Naomi Hsiao • Contact: 626-478-6468

Price cut: $20K (6/10)

$729,000

40822 Melrose Dr, Temecula, CA 92591

4beds

2,112sqft

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Single Family Residence

Built in 2024

3,485 Square Feet Lot

$726,500 Zestimate^®

$345/sqft

$169/mo HOA

What's special

Its own private drivewayOwned solar systemOpen-concept floor planSpacious upstairs loft

Built in 2024 by Meritage Homes, this stunning residence is the ONLY HOME in the highly desirable Heirloom Farms community located on a PREMIUM CORNER LOT FACING THE COMMUNITY PARK SITTING AREA, complete with ITS OWN PRIVATE DRIVEWAY. Situated within the award-winning Temecula Valley Unified School District, this home offers modern comfort, style, and convenience. Designed with energy efficiency in mind, the home features an owned solar system. The open-concept floor plan includes a downstairs bedroom and full bathroom, a spacious upstairs loft, and a generously sized primary suite with dual sinks and ample closet space. Enjoy resort-style community amenities including a pool, BBQ areas, parks, and zip lines, all while being conveniently close to wineries, shopping, dining, and major freeways. Some photos have been virtually staged with furniture to help illustrate the home’s potential and intended use of space.

68 days

186

9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3
Main level bathrooms: 1
Main level bedrooms: 1

Rooms

Room types: Bedroom, Entry/Foyer, Family Room, Kitchen, Loft, Living Room, Primary Bedroom, Other, Pantry

Primary bedroom

Features: Primary Suite

Bedroom

Features: Bedroom on Main Level

Kitchen

Features: Quartz Counters

Other

Features: Walk-In Closet(s)

Pantry

Features: Walk-In Pantry

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher
Laundry: Gas Dryer Hookup, Laundry Room

Features

Eat-in Kitchen, Open Floorplan, Pantry, Bedroom on Main Level, Loft, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
Flooring: Vinyl
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls

Interior area

Total interior livable area: 2,112 sqft
Finished area below ground: 0

Video & virtual tour

Property

Parking

Total spaces: 2
Parking features: Driveway Level, Garage
Attached garage spaces: 2

Features

Levels: Two
Stories: 2
Entry location: front door
Patio & porch: None
Pool features: Community, Association
Fencing: Vinyl
Has view: Yes
View description: None

Lot

Size: 3,485 Square Feet
Features: 0-1 Unit/Acre, Corner Lot

Details

Parcel number: 916740026
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Contemporary
Property subtype: Single Family Residence

Materials

Roof: Tile

Condition

Turnkey
New construction: No
Year built: 2024

Details

Builder model: Valiant Plan 3
Builder name: Meritage Homes

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Park, Pool
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

HOA

Has HOA: Yes
Amenities included: Fire Pit, Outdoor Cooking Area, Barbecue, Picnic Area, Playground, Pool
HOA fee: $169 monthly
HOA name: Heirloom Farms Community Association
HOA phone: 855-403-3852

Location

Region: Temecula

Financial & listing details

Price per square foot: $345/sqft
Tax assessed value: $714,045
Annual tax amount: $11,911
Date on market: 5/15/2026
Cumulative days on market: 68 days
Listing terms: Cash,Conventional,FHA,VA Loan
Inclusions: Paid Solar System
Exclusions: Kitchen Refrigerator, Washer, Dryer
Road surface type: Paved

Estimated market value

$726,500

$690,000 - $763,000

$3,637/mo

Price history

Date	Event	Price
7/2/2026	Contingent	$729,000$345/sqft
Source: CRMLS #SW26102842 Report a problem
6/10/2026	Price change	$729,000-2.7%$345/sqft
Source: CRMLS #SW26102842 Report a problem
6/6/2026	Price change	$749,000-1.3%$355/sqft
Source: CRMLS #SW26102842 Report a problem
5/15/2026	Listed for sale	$759,000+5.9%$359/sqft
Source: CRMLS #SW26102842 Report a problem
3/15/2024	Sold	$716,500$339/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,911 +51%	$714,045 +97.6%
2024	$7,888 +462.2%	$361,289 +251.7%
2023	$1,403 +2.8%	$102,735 +2%
2022	$1,364	$100,721

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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