Property Overview: 276 Crestmont Drive, Fraipont
Key Characteristics & Buyer Profile
This two-storey home at 276 Crestmont Drive is a modern property, built just two years ago in 2024. Its primary appeal lies in its new construction, offering contemporary building standards and minimal immediate maintenance. With 1,505 sqft of living space and an attached garage, it provides a practical layout for everyday living.
The home’s standout characteristic is its age. It ranks in the top 1% for being newly built compared to homes on its street, in the Fraipont area, and across the entire city. This is a significant advantage in a market where many homes are decades older. However, the lot size is more compact at 3,623 sqft, which is below average for the street and city, suggesting a lower-maintenance yard but less private outdoor space.
Its assessed value is above average citywide, but aligns with the typical range for Fraipont and Crestmont Drive. The home last sold in early 2024. It would best suit first-time buyers or young families seeking a modern, move-in-ready home without the concerns of older infrastructure. It’s also a practical choice for those who prefer spending less time on yard work and more on enjoying a newer interior.
Frequently Asked Questions
1. What are the main advantages of this home being so new?
Beyond just looking fresh, a 2024 build means modern energy efficiency, updated electrical and plumbing systems, and likely compliance with current building codes. This can translate to lower utility costs and fewer surprise repair issues in the first several years.
2. The lot size is noted as below average. How might this impact me?
The compact lot means less yard maintenance, which can be a benefit for busy homeowners. However, it may limit options for large-scale outdoor additions like a sprawling deck, pool, or extensive gardening. Proximity to neighboring homes is typically closer.
3. How does the assessed value compare to the recent sale price?
The assessed value is $46.40k. Public data shows it sold for between $49.50k and $52.50k in January 2024. The assessed value is for tax purposes and often lags behind market sale prices, which are influenced by current demand.
4. What does the "above average" citywide ranking for living area mean?
While the home’s living area is below average for its immediate street, it is actually larger than about 70% of all homes across the city. This offers a useful perspective: you’re getting a home that feels spacious compared to the broader urban market, even if it’s on the smaller side within its own newer neighborhood.
5. Are there other similar homes nearby for comparison?
Yes. The listing references several nearby properties on Crestmont Drive with similar age, size, and value, such as 333 Crestmont and 195 Crestmont. This indicates a consistent character and value range for the street, which is helpful for market comparison.