Property Overview & Key Characteristics
This 1,708 sqft condo at 2-150 Creek Bend Road in Dakota Crossing stands out for its above-average size and value. Built in 2014, it features a renovated basement. The core appeal lies in its spaciousness, which ranks in the top 3-4% compared to similar properties city-wide, offering significantly more room than the average condo. Its assessed value is notably high, placing it in the top 1% of its category, suggesting a premium build, finishes, or location within the complex.
The property would suit buyers looking for a modern, low-maintenance home without sacrificing square footage. It’s ideal for small families, empty-nesters seeking space for hobbies or guests, or professionals wanting a home office setup. A less obvious perspective is its appeal to value-conscious investors or buyers who recognize that a higher assessment in a well-ranked building can signal stability and lower relative maintenance fees over time. The data suggests you are paying for tangible space and established value rather than speculative potential.
Frequently Asked Questions
1. What does the "Elite" ranking for living area actually mean?
It means this unit's square footage is larger than approximately 97% of comparable condos city-wide. You are getting a home that is over 600 sqft larger than the city average for similar properties.
2. The assessed value seems high. Is this a concern?
Not necessarily. While it results in a higher property tax bill, the assessment ranks in the top 1% locally and city-wide. This typically reflects the unit's premium size, recent renovations, and desirable attributes within its market segment, which can support its value.
3. How does the 2014 build year compare to the neighborhood?
The building is newer than about 90% of comparable properties in the broader Dakota Crossing area, where the average build year is 2005. This suggests potentially lower immediate costs for major component replacements.
4. Are there other units in the same building?
Yes, the listing shows several nearby properties at the same address (e.g., 1-150, 3-150 Creek Bend Rd.), indicating this is a multi-unit condo complex. It would be prudent to inquire about the condo corporation's health and rules.
5. The last sale was in 2016. What does that indicate?
The property was last sold eight years ago. This suggests a stable, long-term owner, which can be positive. It also means the current price will reflect market appreciation since 2016, making a review of recent comparable sales in the building essential.