40863 Melrose Drive, Temecula, CA 92591
40863 Melrose Drive, Temecula, CA 92591
Property Description
An amazing home with a lower mortgage payment for your first year! Lender-paid savings available to qualified buyers—see details below. Welcome to this beautifully maintained condominium nestled in the heart of Temecula, offering the perfect combination of comfort, convenience, and low-maintenance living. This inviting home features PAID OFF SOLAR and paid off water softener system, a smart, functional floor plan with light-filled living spaces and an open living and dining area that creates a warm atmosphere for relaxing at home or entertaining family and friends. The well-appointed kitchen connects easily with the main living areas, keeping the home feeling open and welcoming. Thoughtfully designed bedrooms provide comfortable private retreats, while the overall layout makes excellent use of the space for everyday living. Step outside to your private patio, an ideal spot for morning coffee, outdoor dining, or unwinding at the end of the day. Beyond your front door, the community offers resort-style amenities including a sparkling pool and spa, outdoor cooking area, picnic spaces, and a playground, providing plenty of opportunities to relax, entertain, and enjoy the Southern California lifestyle. Conveniently located near shopping, dining, award-winning Temecula schools, local parks, Temecula Wine Country, and major commuter routes, this home keeps you connected to everything the area has to offer. Whether you're purchasing your first home, downsizing, or simply looking for an easy-care lifestyle in a desirable Temecula community, this charming condo offers a wonderful opportunity to make Temecula home. ***Eligible buyers may qualify for temporary, lender-funded assistance that reduces their principal-and-interest payments during the first year. Full contractual principal-and-interest payments apply after the assistance ends. Taxes, insurance, and other applicable housing expenses are additional. Available on qualifying conventional and FHA purchase loans through the participating lender, subject to underwriting approval, program restrictions, and availability. Buyers must qualify at the full note rate and may choose any lender. Down payment and other closing costs apply.***
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
Temecula · Condominium
Listed 10.3% below the median closed sale of $624,000. Price per sqft ($330) is a 15% discount to closed comps ($387).
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 40500 Birchfield Drive | Temecula | 2024 | 3 | 3 | 1,504 | 0 | $372 | $560,000 | 25 | 95 |
| 40536 Birchfield | Temecula | 2023 | 4 | 3 | 1,714 | 1,102 | $349 | $599,000 | 45 | 93 |
| 40512 Birchfield | Temecula | 2024 | 4 | 3 | 1,714 | 1,104 | $306 | $525,000 | 51 | 90 |
| 26451 Arboretum Way | Murrieta | 2003 | 3 | 3 | 1,896 | 1,009 | $272 | $515,000 | 58 | 88 |
| 28947 Frankfort | Temecula | 2006 | 3 | 3 | 1,670 | 0 | $368 | $615,000 | 93 | 85 |
| Total: 5 · Average | 3.4 | 3.0 | 1,699.6 | 1,071.667 | $333.4 | $562,800 | 54.4 | |||
| Median | 1,714 | $560,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40463 Melrose Drive | Temecula | 2025 | 02/27/2026 | 2 | 3 | 1,387 | 0 | $509,900 | $500,000 | $360 | 0.98 | 41 | 87 |
| 40603 Melrose Drive | Temecula | 2023 | 02/20/2026 | 3 | 3 | 1,698 | 3,000 | $565,000 | $570,000 | $336 | 1.01 | 36 | 84 |
| 28274 Via Garnicia | Temecula | 2026 | 05/13/2026 | 3 | 3 | 1,520 | 3,500 | $635,000 | $635,000 | $418 | 1.00 | 65 | 80 |
| 28389 Via Solero | Temecula | 2025 | 04/29/2026 | 3 | 3 | 1,520 | 3,500 | $624,000 | $624,000 | $411 | 1.00 | 92 | 80 |
| 28308 Via Moscotel | Temecula | 2026 | 04/21/2026 | 3 | 3 | 1,520 | 3,500 | $641,000 | $624,000 | $411 | 0.97 | 70 | 80 |
| Total: 5 · Average | 2.8 | 3.0 | 1,529 | 3,375 | $590,600 | $590,600 | $387.2 | — | 60.8 | ||||
| Median | 1,520 | $624,000 | $624,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.