$175,000
$10K PRICE DROP

331 N Gunnison Ave Unit 10 Lake City, CO 81235

Estimated payment $1,097/month

Total Views 59
1 Bed
1 Bath
412 Sq Ft
$425 Price per Sq Ft

Highlights

  • Mountain View
  • Corner Lot
  • Tongue and Groove Ceiling
  • Main Floor Primary Bedroom
  • Furnished
  • 1-Story Property

About This Home

Discover an exceptional opportunity to own a summer cabin in the heart of historic downtown Lake City, where relaxation meets investment potential. This charming cabin, boasting 412± square feet of living space, features one bedroom and one bathroom, providing a cozy retreat for those seeking a serene escape. One of the highlights of this property is its proximity to all the conveniences of downtown Lake City. Situated just a stone's throw away from shopping boutiques, restaurants offering delectable cuisine, banking services, the Arts Center, Museum, and the tranquil town park, residents will find themselves immersed in the vibrant atmosphere of this picturesque town. Moreover, Lake City is renowned for its plethora of outdoor activities, festivals, and live music events, ensuring there's never a dull moment. From hiking in the nearby mountains to fishing in pristine lakes or simply enjoying a leisurely stroll through the charming streets, there's something for everyone to enjoy in this idyllic locale. As part of the esteemed G & M Cabins Condominium Association, owners must place the cabin in the rental pool when the cabin is not in use personally. This arrangement not only allows owners to offset costs but also ensures that the cabin remains well-utilized throughout the summer season.

Listing Agent

Michael Murphy

Murphy Real Estate Listed on: 09/25/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $734

Year Built

  • Built in 1960

Lot Details

  • Seasonal Access to Property

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Cabin
  • Metal Roof
  • Log Siding

Interior Spaces

  • 412 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Tongue and Groove Ceiling
  • Ceiling Fan
  • Combination Dining and Living Room
  • Mountain Views
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Bathroom

Schools

  • Lake City K-12 Elementary And Middle School
  • Lake City K-12 High School

Utilities

  • Heating System Powered By Owned Propane
  • Heating System Uses Propane
  • Propane Water Heater
  • Internet Available

Community Details

  • G & M Cabins Condominium Association
  • On-Site Maintenance

Listing and Financial Details

  • Assessor Parcel Number 450927325010

Property Details

Home Type

Condominium

Est. Annual Taxes

$734

Year Built

Built in 1960

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Appliance Inclusions: Refrigerator, Microwave, Range/Oven
  • Class: RESIDENTIAL
  • Common Facilities: Groundskeeper
  • Em Deposit: 3700.00
  • Em Holder: Title Company
  • Interior Inclusions: Ceiling Fan(s), T&G Ceilings
  • Legal Lot Block: UNIT10 AND AN UND INT IN COMMON AREA, G & M CABINS CONDOMINIUM, TOWN OF LAKE CITY
  • Parcel Id Number: 450927325010
  • Price Per Sq Ft: 424.76
  • Property Attached: Yes
  • Property Description: Corner
  • Real Estate Included: Yes
  • Realist Id: 450927325010
  • Residence Stories: One Story
  • Residence Style: Cabin
  • Sale/Rent: For Sale
  • Siding: Log
  • Street Descriptionaccess: State Highway, City/Town, Seasonal
  • Street Designation: Avenue
  • Type: Condo
  • Access: Seasonal
  • HOA Fees: Yes
  • Internet Provider: Visionary
  • Internet Service: Yes
  • Total Taxes Dollar: 734.44
  • Year Built: 1960
  • Foreign Owned Y N: Yes
  • Prop Description Remarks: Discover an exceptional opportunity to own a summer cabin in the heart of historic downtown Lake City, where relaxation meets investment potential. This charming cabin, boasting 412± square feet of living space, features one bedroom and one bathroom, providing a cozy retreat for those seeking a serene escape. One of the highlights of this property is its proximity to all the conveniences of downtown Lake City. Situated just a stone's throw away from shopping boutiques, restaurants offering delectable cuisine, banking services, the Arts Center, Museum, and the tranquil town park, residents will find themselves immersed in the vibrant atmosphere of this picturesque town. Moreover, Lake City is renowned for its plethora of outdoor activities, festivals, and live music events, ensuring there's never a dull moment. From hiking in the nearby mountains to fishing in pristine lakes or simply enjoying a leisurely stroll through the charming streets, there's something for everyone to enjoy in this idyllic locale. As part of the esteemed G & M Cabins Condominium Association, owners must place the cabin in the rental pool when the cabin is not in use personally. This arrangement not only allows owners to offset costs but also ensures that the cabin remains well-utilized throughout the summer season.
  • Unit Suite Number: 10
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Dining Room: Living Room Dining
  • Bedrooms: 1
  • Flooring: Vinyl, Carpet-Partial
  • Estimated Total Sq Ft: 412
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 1
  • Total Bathrooms: 1
  • Foundation: Crawl Space
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Construction Type: Wood Frame
  • Roof: Metal
  • Views: Mountains

Utilities

  • Utilities: Electric, Propane-Tank Owned, Internet, Phone - Cell Reception
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Propane
  • Sewer Supplier: Town of Lake City
  • Water Heater: Propane Water Heater
  • Water Supplier: Town of Lake City

Condo/Co-op/Association

  • HOA: Yes
  • Hoametro Fees: 1000.00
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: G & M Cabins Condominium Association

Schools

  • Elementary School: Lake City K-12
  • Middle School: Lake City K-12
  • High School: Lake City K-12
  • High School: Lake City K-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Lake City K-12
  • Middle School: Lake City K-12

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Price Changed $175,000 -5.4% $425 / Sq Ft
09/25/2024 09/25/24 For Sale $185,000 -- $449 / Sq Ft
Source: Colorado Real Estate Network (CREN)

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Source: Colorado Real Estate Network (CREN)

MLS Number: 818272

Colorado Real Estate Network (CREN)