111 Elk Ave Unit 3 Crested Butte, CO 81224
Estimated Value: $1,088,388 - $1,313,000
3
Beds
2.5
Baths
1,831
Sq Ft
$703/mo
HOA Fee
Highlights
- Mountain View
- Wood Burning Stove
- Radiant Floor
- Crested Butte Community School Rated A-
- Living Room with Fireplace
- 4-minute walk to Totem Pole Park
About This Home
As of April 2022This is an awesome opportunity for a three bedroom residence in Downtown Crested Butte, right in the heart of the action on Elk Avenue. Located on the top floor of the building, this penthouse condo offers 1,831 total square feet with three bedrooms and two and a half bathrooms. The open floor plan is really functional and spacious. The large kitchen has all new appliances and freshly painted cabinets. You will enjoy the peninsula for extra seating and storage. Warm up around the brand new wood burning fireplace while you watch the snow fall outside. The master bedroom features two large closets and access to the balcony overlooking Elk Avenue, a brand new en-suite bathroom with in-floor radiant heat, a double vanity, plenty of storage and a gorgeous tile shower. The second bedroom is also quite spacious and plenty of room for a desk if you need to work from home. The brand new custom closet offers tons of drawers and storage for all of your clothing. The second bathroom has also been completely remodeled and offers in-floor radiant heat, a steam shower, deep soaking tub and new vanity. Finally, the third bedroom has amazing sunlight from two walls of south facing windows and a walk-in closet. The condo has undergone a major renovation. The two full bathrooms have been completely redone with all new tile, fixtures, cabinets and a beautiful stone counter in the master. There is fresh paint throughout and all new flooring and lighting. Due to the zoning on Elk Avenue, this can not be used as a short term rental but would make an excellent long term rental (6 months or more), full time residence or an easy second home. Living in Downtown Crested Butte is a blast and you can stroll out your front door and enjoy all of the awesome dining options and shopping. Even better, you're only a half block from the free shuttle that will take you to the slopes. From your front door to the lifts in 15 minutes!!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,857
Year Built
- Built in 1979 | Remodeled in 2020
HOA Fees
- $703 Monthly HOA Fees
Home Design
- Permanent Foundation
- Membrane Roofing
- Wood Siding
Interior Spaces
- 1,831 Sq Ft Home
- Partially Furnished
- Wood Burning Stove
- Double Pane Windows
- Window Treatments
- Wood Frame Window
- Living Room with Fireplace
- Combination Kitchen and Dining Room
- Mountain Views
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Radiant Floor
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
Laundry
- Dryer
- Washer
Outdoor Features
- Balcony
Schools
- Crested Butte Community K-12 Elementary And Middle School
- Crested Butte Community K-12 High School
Utilities
- Heating System Uses Wood
- Baseboard Heating
- Water Heater
- High Speed Internet
- Internet Available
- Phone Available
- Cable TV Available
Community Details
- Association fees include building maintenance, landscaping, sewer, trash, water, snow removal, management, common area taxes
- Zink Building HOA
- Zink Building Condos
Listing and Financial Details
- Assessor Parcel Number 325503135025
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 12, 2022
Sold by
Kathryn Faricy
Bought by
Lfr Revocable Trust
Total Days on Market
62
Current Estimated Value
Purchase Details
Listed on
Jan 6, 2022
Closed on
Apr 22, 2022
Sold by
Fiddler Eli
Bought by
Faricy Kathryn
Seller's Agent
Jesse Ebner
Signature Properties Ebner & Associates, LLC
Buyer's Agent
Jesse Ebner
Signature Properties Ebner & Associates, LLC
List Price
$1,100,000
Sold Price
$1,040,000
Premium/Discount to List
-$60,000
-5.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.79%
Original Mortgage
$832,000
Interest Rate
3.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 13, 2021
Sold by
Fiddler Eli
Bought by
Fiddler Eli and Fiddler Amanda
Purchase Details
Closed on
Dec 20, 2019
Sold by
Fronsdal Arne
Bought by
Fiddler Eli
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,600
Interest Rate
2.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 3, 2000
Sold by
World Trade Center Inc
Bought by
Fronsdale Arne
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Similar Homes in Crested Butte, CO
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lfr Revocable Trust | -- | -- | |
| Faricy Kathryn | $1,040,000 | Land Title | |
| Fiddler Eli | -- | None Available | |
| Fiddler Eli | $512,000 | Land Title Guarantee Company | |
| Fronsdale Arne | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Faricy Kathryn | $832,000 | |
| Previous Owner | Fiddler Eli | $409,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2022 04/22/22 | Sold | $1,040,000 | -5.5% | $568 / Sq Ft |
| 03/09/2022 03/09/22 | Pending | -- | -- | -- |
| 01/06/2022 01/06/22 | For Sale | $1,100,000 | -- | $601 / Sq Ft |
Source: Colorado Real Estate Network (CREN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,034 | $74,400 | $0 | $74,400 |
| 2023 | $4,984 | $70,710 | $0 | $70,710 |
| 2022 | $2,886 | $36,820 | $0 | $36,820 |
| 2021 | $2,613 | $37,880 | $0 | $37,880 |
| 2020 | $2,857 | $41,800 | $0 | $41,800 |
| 2019 | $2,799 | $41,800 | $0 | $41,800 |
| 2018 | $2,474 | $35,690 | $0 | $35,690 |
| 2017 | $2,490 | $35,690 | $0 | $35,690 |
| 2016 | $1,975 | $29,760 | $0 | $29,760 |
| 2015 | $1,263 | $29,760 | $0 | $29,760 |
| 2014 | $1,263 | $18,460 | $0 | $18,460 |
Source: Public Records
Agents Affiliated with this Home
-
Jesse Ebner
Seller's Agent in 2022
Jesse Ebner
Signature Properties Ebner & Associates, LLC
(970) 901-2922
279 Total Sales
Map
Source: Colorado Real Estate Network (CREN)
MLS Number: 789522
APN: R003587
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