$185,000
$10K PRICE DROP

331 N Gunnison Ave Unit 8 Lake City, CO 81235

Estimated payment $1,152/month

Total Views 187
1 Bed
1 Bath
476 Sq Ft
$389 Price per Sq Ft

Highlights

  • Mountain View
  • Corner Lot
  • Screened Porch
  • Main Floor Primary Bedroom
  • Furnished
  • 1-Story Property

About This Home

Nestled in the heart of historic downtown Lake City, this charming summer cabin presents a delightful opportunity for both leisure and investment. Boasting 476± square feet of cozy living space, including one bedroom and a bathroom, it offers a perfect retreat for summer relaxation. The addition of a lovely screened-in porch and outside patio provides an inviting space to enjoy warm summer evenings. One of the standout features of this cabin is its prime location, just steps away from a variety of amenities such as shopping, dining options, banking facilities, the Arts Center, Museum, and the town park. Moreover, the area is renowned for its plethora of outdoor activities, festivals, and live music, ensuring there's always something to enjoy. As part of the G & M Cabins Condominium Association, owners benefit from shared amenities and maintenance services. However, it's important to note that owners are required to put the cabin in the rental pool when not using it personally. Additionally, please be aware that this cabin is a seasonal property and cannot be utilized during the winter months.

Listing Agent

Michael Murphy

Murphy Real Estate Listed on: 09/25/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $728

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

  • 476 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Combination Dining and Living Room
  • Screened Porch
  • Mountain Views
  • Crawl Space

Kitchen

  • Range
  • Microwave

Flooring

  • Carpet
  • Linoleum

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

Listing and Financial Details

  • Assessor Parcel Number 405927325008

Property Details

Home Type

Condominium

Est. Annual Taxes

$728

Year Built

Built in 1960

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Appliance Inclusions: Range Top, Refrigerator, Microwave
  • Class: RESIDENTIAL
  • Em Deposit: 3,900.00
  • Em Holder: title company
  • Exterior Inclusions: Screened-in Porch, Covered Porch
  • Interior Inclusions: All Furnishings
  • Legal Lot Block: UNIT 8 AND AN UND INT IN COMMON AREA, G & M CABINS CONDOMINIUM, TOWN OF LAKE CITY
  • Parcel Id Number: 405927325008
  • Price Per Sq Ft: 388.66
  • Property Description: Corner
  • Real Estate Included: Yes
  • Realist Id: 405927325008
  • 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: 727.64
  • Year Built: 1960
  • Foreign Owned Y N: Yes
  • Prop Description Remarks: Nestled in the heart of historic downtown Lake City, this charming summer cabin presents a delightful opportunity for both leisure and investment. Boasting 476± square feet of cozy living space, including one bedroom and a bathroom, it offers a perfect retreat for summer relaxation. The addition of a lovely screened-in porch and outside patio provides an inviting space to enjoy warm summer evenings. One of the standout features of this cabin is its prime location, just steps away from a variety of amenities such as shopping, dining options, banking facilities, the Arts Center, Museum, and the town park. Moreover, the area is renowned for its plethora of outdoor activities, festivals, and live music, ensuring there's always something to enjoy. As part of the G & M Cabins Condominium Association, owners benefit from shared amenities and maintenance services. However, it's important to note that owners are required to put the cabin in the rental pool when not using it personally. Additionally, please be aware that this cabin is a seasonal property and cannot be utilized during the winter months.
  • Unit Suite Number: 8
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Dining Room: Living Room Dining
  • Bedrooms: 1
  • Flooring: Carpet-Partial, Linoleum
  • Estimated Total Sq Ft: 476
  • 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 $185,000 -5.1% $389 / Sq Ft
09/25/2024 09/25/24 For Sale $195,000 -- $410 / Sq Ft
Source: Colorado Real Estate Network (CREN)

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Source: Colorado Real Estate Network (CREN)

MLS Number: 818270

Colorado Real Estate Network (CREN)