491 Elm Street #2

The home

About this home

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 Montpelier’s 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 November 2026 (possibly sooner). A rare opportunity to own a brand-new home in an established neighborhood, with everything Montpelier has to offer close at hand.

Property information

Details at a glance

Plan your purchase

Estimated monthly cost

Explore costs at the $429,000 asking price. Adjust the assumptions to your situation.

Partial estimate: add property tax, insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Listing history

Price and status timeline

No additional listing history is available for public display.

Compare with confidence

Price & market context

See how this home compares with active listings in Montpelier.

Active city listing statistics from PrimeMLS as of September 11, 2026. Asking prices are not completed-sale values.

Keep exploring

Similar homes nearby

Same city and within 25% of the asking price, matched by property type and bedroom count when available and ranked by size and price.

$439,000

212 Cityside Drive #52, Montpelier, VT 05602

3 beds · 2 baths · 1,702 sq ft

Condominium

Common questions

About 491 Elm Street #2