In a city where the average price of a home is now topping out at more than $450,000, homebuyers are increasingly looking for properties listed below those numbers.
Now plans for a new subdivision in Flagstaff called Crestview, just over two miles to the west of the campus of Northern Arizona University, are calling for the construction of more than one hundred single-story residences priced around $320,000.
The homes, in a part of the city that has seen an uptick in new home construction, will be built by the Flagstaff-based Capstone Homes and will include at least a dozen affordable income units priced at $265,000.
Uniquely, the new project, just off of West Route 66, will also offer both energy efficient homes as well as stick-built homes, or homes primarily made of wood.
The Crestview project has been a long time coming. Original plans offered by another developer to build out the rectangular-shaped subdivision were approved by the Flagstaff City Council in 2009.
After that effort went nowhere, Capstone took over the project and last summer began work on the subdivision’s public infrastructure.
By Garry Boulard
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