Seller's Agent in 2024
Letitia (Tisha) McElroy Swan
Coldwell Banker Mountain Properties
(970) 209-1998
56 Total Sales
508 Butte Ave Crested Butte, CO 81224
Estimated Value: $2,679,506 - $3,878,000
4
Beds
3.5
Baths
2,450
Sq Ft
$1,376/Sq Ft
Est. Value
Highlights
- Mountain View
- Deck
- Radiant Floor
- Crested Butte Community School Rated A-
- Living Room with Fireplace
- 4-minute walk to Crested Butte Town Park
About This Home
As of October 2024The absolute premier in-town location! This exceptional property is located on the highly desirable Butte Avenue, just off Gothic Road. It boasts an unbeatable in-town location, offering breathtaking views of Mt. Crested Butte and Paradise Divide. The house has recently undergone a complete renovation, ensuring a fresh and updated living experience. The updates include a brand new kitchen, flooring, lighting, and a cozy fireplace that serves as the perfect focal point during the colder months. All of these enhancements have been tastefully done to blend seamlessly with the natural mountain surroundings. The house features a total of four bedrooms, two of which have en-suite bathrooms, as well as a small office with an additional single bed. Additionally, there is a spacious undercover hot tub and a large south-facing back deck that provides an ideal setting for summer gatherings, as well as enhanced privacy with the presence of a variety of fully mature spruce and aspen trees that encircle the home. This property offers convenient access to all the amenities and attractions that Crested Butte has to offer. It is just a short walk to the bus stop and less than two hundred yards away from the pedestrian bridge for easy access to the lower loop trails. The downtown area is also only three blocks away, allowing you to easily explore the charming shops and restaurants. Whether you enjoy skiing, hiking, or simply immersing yourself in the vibrant downtown scene, this location caters to all your desires.
Last Listed By
Coldwell Banker Mountain Properties Listed on: 02/06/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,801
Year Built
- Built in 1988
Lot Details
- 6,098
Home Design
- Metal Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 2,450 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Window Treatments
- Living Room with Fireplace
- Combination Dining and Living Room
- Mountain Views
- Crawl Space
Kitchen
- Oven or Range
- Dishwasher
Flooring
- Wood
- Carpet
- Radiant Floor
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom Upstairs
Laundry
- Dryer
- Washer
Parking
- 1 Car Attached Garage
- Heated Garage
Schools
- Crested Butte Community K-12 Elementary And Middle School
- Crested Butte Community K-12 High School
Utilities
- Boiler Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
- Internet Available
Additional Features
- Deck
- 6,098 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 325503101003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2024
Closed on
Oct 16, 2024
Sold by
Mountain Asset Partners Llc
Bought by
Riser Management Llc
Seller's Agent
Letitia (Tisha) McElroy Swan
Coldwell Banker Mountain Properties
Buyer's Agent
Heather Woodward
Berkshire Hathaway HomeServices Today Realty & Associates
List Price
$3,600,000
Sold Price
$3,200,000
Premium/Discount to List
-$400,000
-11.11%
Total Days on Market
232
Views
81
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,627
Original Mortgage
$2,400,000
Outstanding Balance
$2,382,697
Interest Rate
5.47%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 7, 2000
Sold by
Anziano Michael J
Bought by
Fullmer Ryan W
Purchase Details
Closed on
Mar 2, 1998
Sold by
Judy J Mcgill Living Trust
Bought by
Brown Donald Roy
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Riser Management Llc | $3,200,000 | Land Title | |
| Fullmer Ryan W | $54,500 | -- | |
| Brown Donald Roy | $485,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Riser Management Llc | $2,400,000 | |
| Previous Owner | Mountain Asset Pratners Llc | $662,146 | |
| Previous Owner | Mountain Asset Partners Llc | $800,000 | |
| Previous Owner | Mcelroy Daniel T | $110,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/16/2024 10/16/24 | Sold | $3,200,000 | -11.1% | $1,306 / Sq Ft |
| 09/25/2024 09/25/24 | Pending | -- | -- | -- |
| 02/06/2024 02/06/24 | For Sale | $3,600,000 | -- | $1,469 / 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 | $10,075 | $146,610 | $33,670 | $112,940 |
| 2023 | $10,075 | $142,930 | $32,830 | $110,100 |
| 2022 | $7,902 | $100,820 | $24,720 | $76,100 |
| 2021 | $7,156 | $103,720 | $25,430 | $78,290 |
| 2020 | $6,397 | $93,590 | $25,430 | $68,160 |
| 2019 | $6,268 | $93,590 | $25,430 | $68,160 |
| 2018 | $5,656 | $81,590 | $22,700 | $58,890 |
| 2017 | $5,693 | $81,590 | $22,700 | $58,890 |
| 2016 | $4,819 | $72,600 | $25,660 | $46,940 |
| 2015 | $1,831 | $72,600 | $25,660 | $46,940 |
| 2014 | $1,831 | $54,050 | $18,880 | $35,170 |
Source: Public Records
Agents Affiliated with this Home
-
Letitia (Tisha) McElroy Swan
-
Daniel McElroy
Seller Co-Listing Agent in 2024
Daniel McElroy
Coldwell Banker Mountain Properties
(970) 275-2534
22 Total Sales
-
Heather Woodward
Buyer's Agent in 2024
Heather Woodward
Berkshire Hathaway HomeServices Today Realty & Associates
(970) 596-1394
137 Total Sales
Map
Similar Homes in Crested Butte, CO
Source: Colorado Real Estate Network (CREN)
MLS Number: 810734
APN: R026552
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