NOT LISTED FOR SALE

327 Elk Ave Crested Butte, CO 81224

Estimated Value: $1,923,795

5 Beds
3.5 Baths
3,020 Sq Ft
$637/Sq Ft Est. Value

Last Sold February 08, 2023

Last sale price $1,745,000 $578 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $11,011/month

211 Days on Market

Highlights

  • Mountain View
  • Deck
  • Victorian Architecture
  • Crested Butte Community School Rated A-
  • Wood Flooring
  • 2-minute walk to Crested Butte Town Park

About This Home

As of February 2023

A rare multi-use commercial/residential opportunity located in the heart of downtown Crested Butte. 327 Elk Avenue offers one commercial space and two residential spaces. An extensive renovation was done to the entire building with many upgrades and repairs. These include a new main water line, new water meter, all new LED lighting throughout, fresh paint inside & out and so much more! The 908 sq. ft. ground-level commercial space is situated to offer foot traffic galore. The commercial space was fully renovated with all new electrical wiring, new plumbing, new gas furnace, new in-wall insulation, air conditioner and double layer drywall. Other amenities include tons of storage, a half bath and the best Elk Avenue frontage one could desire. Upstairs offers a completely remodeled fully-furnished, four bedroom, two full bath apartment complete with granite countertops, stainless appliances, washer and dryer, gas fireplace, built-in sound system with Alexa, Lutron lighting system with recessed LED lighting, commercial grade WiFi and a smart home system. In the rear of the building downstairs there is a large remodeled fully furnished, one-bedroom apartment with full kitchen, washer and dryer, natural gas wall heater and sizable walk in closet. Plenty of extra storage throughout the building as well as two car spaces in the rear, and incredible views of Red Lady, Gothic and White Mountain. This is the gem, in a truly spoiled location. Downtown Crested Butte is unique in that there are not many opportunities presented like this. Conditional use for a boutique hotel or lodge possible. Per approval by the town, the building could also be converted into a condominium, allowing each unit to be sold separately. Create a legacy for your family and the Crested Butte community today.

Last Agent to Sell the Property

Kiley Flint

LIV Sotheby's International Realty - CB Listed on: 05/24/2022

LIV Sotheby's International Realty - CB

Last Buyer's Agent

Nikki Pulitzer

LIV Sotheby's International Realty - CB

LIV Sotheby's International Realty - CB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,556

Year Built

  • Built in 1890

Lot Details

  • 3,049 Sq Ft Lot
  • Property is zoned Commercial, Mixed-Use

Home Design

  • Victorian Architecture
  • Concrete Foundation
  • Permanent Foundation
  • Metal Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 3,020 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Sound System
  • Ceiling Fan
  • Corner Fireplace
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Wood Frame Window
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Mountain Views
  • Fire Sprinkler System

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck

Schools

  • Crested Butte Community K-12 Elementary And Middle School
  • Crested Butte Community K-12 High School

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Water Heater
  • High Speed Internet
  • Internet Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessory Dwelling Unit (ADU)
  • Property is near a golf course

Listing and Financial Details

  • Assessor Parcel Number 325503110011

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,556

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Additional Living Quarters: Yes
  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Freezer
  • Estimated Total Acres: 0.07
  • Class: RESIDENTIAL
  • Em Deposit: 100,000.00
  • Em Holder: Title Company
  • Exterior Inclusions: Deck, Balcony
  • Interior Inclusions: Window Coverings, Wired/Cable TV, All Furnishings, Ceiling Fan(s), W/D Hookup, Sound System, Granite Counters, Fire Sprinklers
  • Legal Lot Block: LOT 30 BLK 22 CRESTED BUTTE #646460
  • Listed In Other Class: Yes
  • List Price per Sq Ft: 627.48
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 325503110011
  • Price Per Sq Ft: 577.81
  • Property Attached: Yes
  • Property Description: Golf Course Near
  • Real Estate Included: Yes
  • Realist Id: 325503110011
  • Residence Stories: Two Story
  • Residence Style: Victorian
  • Sale/Rent: For Sale
  • Siding: Wood
  • Sold Price Sq Ft: 577.81
  • Street Descriptionaccess: City/Town, Paved, Public Winter Maintenance
  • Street Designation: Avenue
  • Tax Account Id: R003510
  • Zoning: Commercial, Mixed-Use
  • Type: Stick Built
  • Access: Year Round
  • Additional Living Type: Private Entrance apt
  • Internet Service: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 8,556
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Dining Room: Living Room Dining
  • Bedrooms: 5
  • Flooring: Hardwood, Tile, Laminate
  • Estimated Total Sq Ft: 3020
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 4
  • Fireplace Location Type: Gas Logs, Angle nook, Living Room
  • Foundation: Concrete, Permanent
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0

Exterior Features

  • Windows: Double Pane, Wood
  • Construction Type: Wood Frame, Wood
  • Roof: Metal
  • Views: Mountains

Utilities

  • Utilities: Electric, Natural Gas, Cable TV, Internet, Internet - DSL, Phone - Cell Reception, Phone - Landline
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Atmos Energy
  • Heating System: Electric Baseboard, Fireplace
  • Sewer Supplier: Town of Crested Butte
  • Water Heater: Electric Water Heater
  • Water Supplier: Town of Crested Butte

Schools

  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12
  • High School: Crested Butte Community K-12
  • High School: Crested Butte Community K-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

MLS Schools

  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2022
Closed on
Feb 8, 2023
Sold by
Krn Investments Llc
Bought by
327 Elk Avenue Llc
Seller's Agent
Kiley Flint
LIV Sotheby's International Realty - CB
Buyer's Agent
Nikki Pulitzer
LIV Sotheby's International Realty - CB
List Price
$1,995,000
Sold Price
$1,745,000
Premium/Discount to List
-$250,000
-12.53%
Views
62
Current Estimated Value
$1,923,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,795
Avg. Annual Appreciation
3.67%

Purchase Details

Closed on
May 17, 2017
Sold by
Wbm Llc
Bought by
Ken Investments Llc

Purchase Details

Closed on
Jan 5, 2000
Sold by
Zammit Stephen P`
Bought by
Foster William Mcalpin
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
327 Elk Avenue Llc -- Land Title
Ken Investments Llc $1,065,000 None Available
Foster William Mcalpin $500,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2023 02/08/23 Sold $1,745,000 -7.9% $578 / Sq Ft
12/21/2022 12/21/22 Pending -- -- --
06/13/2022 06/13/22 Price Changed $1,895,000 -5.0% $627 / Sq Ft
06/07/2022 06/07/22 For Sale $1,995,000 0.0% $661 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $1,995,000 -- $661 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

Source: Public Records

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 $10,100 $155,330 $53,300 $102,030
2023 $10,100 $143,290 $52,440 $90,850
2022 $9,478 $120,920 $29,050 $91,870
2021 $8,556 $124,020 $29,630 $94,390
2020 $8,905 $130,280 $28,830 $101,450
2019 $8,725 $130,280 $28,830 $101,450
2018 $8,058 $116,250 $25,320 $90,930
2017 $8,112 $116,250 $25,320 $90,930
2016 $8,373 $126,150 $26,310 $99,840
2015 $3,281 $126,150 $26,310 $99,840
2014 $3,281 $96,840 $35,400 $61,440
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 793793

Colorado Real Estate Network (CREN)

APN: R003510