518 E Georgia Ave Gunnison, CO 81230
Estimated payment $5,112/month
Total Views
26,201
6
Beds
5
Baths
3,841
Sq Ft
$233
Price per Sq Ft
Highlights
- Deck
- Den with Fireplace
- Victorian Architecture
- Crested Butte Community School Rated A-
- Wood Flooring
- 2-minute walk to Jorgenson Park
About This Home
Welcome to this historic Victorian gem nestled on a generous corner lot adjacent to the picturesque campus of Western Colorado University. This stately residence, proudly facing E Georgia Avenue, is a quintessential Gunnison Victorian, showcasing its timeless elegance and remarkable architecture. Well cared for, it has served as a successful multi-family rental property, boasting a strong rental history and remarkable tenant retention. Spanning three distinct levels, the main house features three individual units, each offering a unique living experience. Should you desire, this property can effortlessly transition into a magnificent primary residence. Outside, you'll find the beauty of mature trees shading the landscape, complemented by an efficient in-ground irrigation system to maintain its lush allure. An elevated deck, complete with finished and heated office or studio space, stands separate from the main house, offering a serene retreat for work or leisure. Convenience and functionality are at the forefront with an attached one-car garage, providing direct access to the main floor one-bedroom residence. This unit showcases a spacious kitchen, inviting living room, and a comfortable primary bedroom, all graced by high ceilings and historic custom woodwork that exude character and charm. A shared entryway and staircase beckons you to explore further, leading to the second-floor two-bedroom unit, followed by a third-floor one-bedroom rental unit. This diversified layout caters to a variety of rental options, making it a versatile investment opportunity. Adjacent to the alley and bordering Western’s campus housing, you'll discover a duplex, offering top and bottom units, along with an attached storage shed and basement access. The exterior of the duplex has been enhanced with new siding and insulation, ensuring year-round comfort. Ample off street parking and storage sheds to provide for the five separate units. This distinguished property stands as a testament to exquisite craftsmanship, featuring handcrafted woodwork and large windows that flood each unit with natural light. The unbeatable location, coupled with in-town living and proximity to the campus, makes it an exceptional investment opportunity in Gunnison. For those seeking more in-depth information, detailed apartment layouts, and financial insights, please do not hesitate to reach out. Experience the charm and grace of this historic Victorian home, where modern living meets timeless elegance.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,832
Year Built
- Built in 1888
Lot Details
- 10,454 Sq Ft Lot
- Partially Fenced Property
- Privacy Fence
- Landscaped
- Corner Lot
- Corners Of The Lot Have Been Marked
- Sprinkler System
Parking
- 1 Car Garage
Home Design
- Victorian Architecture
- Metal Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 3,841 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Double Pane Windows
- Vinyl Clad Windows
- Window Treatments
- Wood Frame Window
- Den with Fireplace
- Unfinished Basement
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Linoleum
Bedrooms and Bathrooms
- 6 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Shed
Schools
- Gunnison 1-5 Elementary School
- Gunnison 6-8 Middle School
- Gunnison 9-12 High School
Utilities
- Boiler Heating System
- Heating System Uses Natural Gas
- Vented Exhaust Fan
- Baseboard Heating
- Hot Water Baseboard Heater
- Gas Water Heater
- Internet Available
Community Details
- Boutcher's Addition Subdivision
Listing and Financial Details
- Assessor Parcel Number 370136407004
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,993 | $60,240 | $20,810 | $39,430 |
| 2023 | $2,993 | $56,560 | $19,540 | $37,020 |
| 2022 | $2,908 | $47,840 | $10,170 | $37,670 |
| 2021 | $2,211 | $41,840 | $10,460 | $31,380 |
| 2020 | $1,716 | $30,480 | $8,790 | $21,690 |
| 2019 | $1,678 | $30,480 | $8,790 | $21,690 |
| 2018 | $1,788 | $31,680 | $6,160 | $25,520 |
| 2017 | $1,810 | $31,680 | $6,160 | $25,520 |
| 2016 | $2,127 | $37,520 | $4,310 | $33,210 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2025 06/03/25 | For Sale | $895,000 | 0.0% | $233 / Sq Ft |
| 06/03/2025 06/03/25 | Price Changed | $895,000 | -3.2% | $233 / Sq Ft |
| 03/01/2025 03/01/25 | Off Market | $925,000 | -- | -- |
| 07/29/2024 07/29/24 | Price Changed | $925,000 | -2.6% | $241 / Sq Ft |
| 04/10/2024 04/10/24 | Price Changed | $950,000 | -4.5% | $247 / Sq Ft |
| 09/25/2023 09/25/23 | Price Changed | $995,000 | -9.5% | $259 / Sq Ft |
| 06/15/2023 06/15/23 | For Sale | $1,099,000 | -- | $286 / Sq Ft |
Source: Colorado Real Estate Network (CREN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $437,500 | None Available | |
| Deed | $260,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $210,000 | Seller Take Back |
Source: Public Records
Similar Homes in Gunnison, CO
Source: Colorado Real Estate Network (CREN)
MLS Number: 804739
APN: R001892
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