40970 Anza Road, Temecula, California 92592, Temecula, - bed, bath

home-pic
ACTIVE$2,900,000
40970 Anza Road, Temecula, California 92592
5Beds
5Baths
4,515Sqft
365,468Lot
Year Built
1983
Close
-
List price
$2.9M
Original List price
$2.9M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ND24015192
Home ConditionFair
Features
Excellent View: Hills, Mountain(s), Neighborhood, Orchard, Panoramic, Valley, Vineyard
Patio
ViewHills, Mountain(s), Neighborhood, Orchard, Panoramic, Valley, Vineyard

About this home

Stunning Architectural Gem Located in the heart of Temecula Wine Country. This Unique Style Property Offers High Ceilings and Multidimensional Walls, Angles and Skylights. Walk to the Award Winning Wineries, Enjoy Beautiful Wine Country Views, Sunrises and Catch a Glimpse of Hot Air Balloons Flying Above. Main Residence Includes Three Bedrooms and Three Bathrooms. Separate Entrance Guest Quarters Include Another Bedroom/Loft, Living Area, Full Bathroom, Small Kitchen and Balcony. Office Area Includes Several Small Offices, Workshops, "Harry Potter Room" for Storage, Large Bedroom and Bathroom. Three Car Garage is Oversized with High Ceilings and Tall Garage Doors. Multiple Storage Sheds on the Property. Current County Land Use is Wine Grape Vineyard. Seller would consider a lease back @ $15,000 per month for one, two or three years.

Price History

Date
Event
Price
01/24/24
Listing
$2,900,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (376 Listings)
Beds54
73%
Baths53
93%
Square foot4,5152,386
96%
Lot Size365,4687,405
95%
Price$2.9M$785K
99%
Price per square foot$642$359
98%
Built year19831997
6%
HOA$136
Days on market651167
99%
Condition Rating
Fair

Built in 1983, this property features a unique architectural style and appears well-maintained. The kitchen and bathrooms, while functional and clean, exhibit styles (dark wood cabinetry, specific tile choices, and some light fixtures) that suggest renovations were completed approximately 15-25 years ago. The stainless steel appliances in the kitchen are a positive, but the overall aesthetic is outdated, requiring minor updates for a contemporary look. The property is move-in ready, but the dated interior design prevents it from achieving a 'Good' score.
Pros & Cons

Pros

Premier Wine Country Location: Situated in the heart of Temecula Wine Country, offering direct access to award-winning wineries and picturesque views, enhancing lifestyle and investment value.
Exceptional Versatility & Income Potential: Includes a main residence, separate guest quarters with a small kitchen, and a dedicated office area with multiple rooms, ideal for multi-generational living, rental income, or a robust home-based business.
Expansive Vineyard-Designated Land: A large 8.39-acre lot with current county land use as a Wine Grape Vineyard, providing significant agricultural potential and stunning panoramic views.
Distinctive Architectural Character: Features a 'Stunning Architectural Gem' design with high ceilings, unique angles, and abundant skylights, offering a truly one-of-a-kind aesthetic.
Seller Lease-Back Opportunity: The option for the seller to lease back the property at $15,000/month for 1-3 years offers a substantial and immediate income stream for the buyer.

Cons

Niche Architectural Style: The unique and multidimensional architectural design may have a specialized appeal, potentially limiting the pool of prospective buyers who prefer more conventional styles.
High Maintenance for Large Acreage: The extensive 8.39-acre lot, especially with vineyard designation, will likely demand significant ongoing maintenance, landscaping, and potential agricultural management, incurring considerable time and cost.
Potential for System/Aesthetic Updates: Built in 1983, the property may require updates to its systems, finishes, or overall aesthetic to align with contemporary preferences, representing a potential future investment for the buyer.

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