491 Elm Street # 2
Montpelier, VT, 05602 $ 429,000
Bedrooms3 Baths2.1 Sq 1,190 Monthly Estimate*
$ 2,709
Listed by Robert Foley, Flat Fee Real Estate, 802-318-0833, rob@flatfeevt.com
for $429,000 with 3 bedrooms and 2 full baths, 1 half bath. This 1,190 square foot condo was built in 2026.
This new home offers the rare combination of modern design, energy efficiency, and an exceptional in-town Montpelier location. This thoughtfully designed, approximately 1,200-square-foot, two-story home offers 3 bedrooms and 2.5 bathrooms with comfortable, low-maintenance living throughout. The bright, open main level features engineered oak flooring extending through the staircase and upper hallway, while the contemporary kitchen pairs quartz countertops with modern cabinetry and matte black hardware and fixtures. Carpeted bedrooms add comfort, and bathrooms feature tile flooring. Upstairs are three bedrooms, a shared full bath, and a private primary suite with its own bathroom. Large windows bring in abundant natural light and connect the interiors with the surrounding Vermont landscape. Built for year-round comfort, the home features an energy-efficient building envelope, heat pump heating and cooling, and continuous fresh air ventilation. Premium soundproofing between units helps create a quiet living environment. Located between 491 and 493 Elm Street, the property offers on-lot river access while keeping both the building and parking areas outside the floodplain. Enjoy a flat walk to downtown Montpelierâs restaurants, shops, the neighborhood bakery, town pool, recreation fields, North Branch Nature Center, and Hubbard Park. Convenient access to I-89 makes travel throughout Central Vermont and beyond easy. The Elm Street Planned Community consists of just four residences. Durable finishes and efficient modern systems support easy ownership without the cost and hassle of deferred maintenance. Estimated occupancy is October 2026. A rare opportunity to own a brand-new home in an established neighborhood, with everything Montpelier has to offer close at hand.
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FeaturesInteriorInterior Amenities Dining Area Kitchen/Dining Kitchen/Family Kitchen/Living Living/Dining Primary BR w/ BA
Basement No
Flooring Hardwood Tile
Beds 3
Total Rooms 6
Total Number of Units 4
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GeneralRoad Frontage No
Sewer Public
Heating Heat Pump
Cooling Mini Split
Utilities Cable
Possession At Closing
Roof Shingle
Appliances Dishwasher Range Hood Microwave Electric Range Refrigerator
Pets Allowed Yes
Garage No
Flood Zone No
Zoning Residential
HOA Fee 225
3/4 Baths 1
Full Baths 1
Half Baths 1
Bathrooms 3
Year Built 2026
Electric Circuit Breaker(s)
Style Flat
Stories Count 1
Type Condo
Condo Name Elm Street Planned Commun
Unit Number 2
Property Condition Under Construction
Condo Fees Yes
Assoc Fee Paid Per Monthly
Status Detail 0
Covenants Yes
Construction Materials Other
High School Montpelier High School
City Montpelier
Other Equipment HW/Batt Smoke Detector
Seasonal No
Elementary School Union Elementary School
Middle School Main Street Middle School
DOM 0
Structure Type Modular
Price Per Sq Ft Total AG 360.5
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ExteriorLot Features City Lot Condo Development View
Driveway Paved
Lot Size Area 0
Water Source Public
Parking Features Off Street On-Site Parking Spaces 2
Foundation Concrete
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* Excluded FeaturesList ByRobert FoleyListing Agent
Flat Fee Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,709
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Montpelier, VT
Average List Price $326,686
Percent of Sale Price 24%
About Montpelier, VT 7,824 Population
-3% Since 2002
$ 61,558 Median Income
44.74 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
5556311 Elementary School
5556312 Middle School
Montpelier High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/8/2026 | $429,000 | | Listed Price |