Property Overview: 195 Crestmont Drive
Section 1: Key Characteristics & Appeal
This two-storey home in Fraipont is a modern, low-maintenance property built in 2021. Its key appeal lies in its balance of being a newer build within an established neighbourhood context. The home features a practical 1,529 sqft layout, an attached garage, and a full basement awaiting personalization.
The property suits first-time buyers or young families seeking a move-in-ready home without the immediate concerns of major repairs or updates common in older houses. Its lot size is above average for the street, offering a bit more outdoor space than some direct neighbours. The assessed value ranks highly within Fraipont, suggesting it is considered a solid asset in its immediate area. A thoughtful perspective is that this home offers the "newness" advantage while being situated on a street with mature homes, providing a blend of modern convenience and established community feel without the premium of a brand-new subdivision lot.
Section 2: Frequently Asked Questions
1. What is the significance of the "unrenovated basement"?
This indicates the basement is finished and usable but in its original state from 2021. It presents a blank canvas for the next owner to customize to their needs, rather than paying for a prior owner's specific renovation choices.
2. How does the property compare to others on the street?
The data shows a mix. The lot is larger than many on Crestmont Drive, but the living area is slightly below the street's median. This suggests a balanced property with more yard space relative to its footprint.
3. The assessed value seems high for the neighbourhood. Why?
The assessment ranks in the top 9% for Fraipont. This is likely due to the combination of its recent build year, above-average lot size, and the general premium placed on newer, low-maintenance homes in the area.
4. What can nearby "reference" properties tell us?
Direct comparisons on the same street (179 and 131 Crestmont) show nearly identical specs and values, confirming this home's price is in line with its immediate peers. Other references in Fraipont show that for a similar value, you might find slightly more living space or a slightly larger lot, but often in an older home.
5. Is there any cause for concern with the 2021 sale price vs. current assessment?
The home sold for $36.2k in 2021 (likely a data error or non-arms-length transaction) and is now assessed at $40.9k. The meaningful comparison is to the current assessed values of nearly identical neighbouring homes built the same year, which are all clustered around $40.5k-$42.9k, indicating a stable and consistent market valuation.