NOT LISTED FOR SALE

640 1/2 Elk Ave Crested Butte, CO 81224

Estimated Value: $1,225,000 - $1,750,000

2 Beds
1 Bath
941 Sq Ft
$1,578/Sq Ft Est. Value

Last Sold April 05, 2024

Last sale price $1,400,000 $1,488 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,265/month

1 Day on Market

Highlights

  • Mountain View
  • Vaulted Ceiling
  • Main Floor Primary Bedroom
  • Living Room with Fireplace
  • Wood Flooring
  • 4-minute walk to Rainbow Park

About This Home

As of April 2024

Absolutely adorable newer home with 1 bedroom/1 bath + sleeping loft in downtown Crested Butte. This home’s location is right in the heart of town and offers super convenient walking access to the Center For The Arts, Town Park, tennis court, bus shuttle, restaurants, shops and rec path. Nice comfortable floorplan with custom designed spiral staircase to loft area. The kitchen is a nice size and the chef in your family will appreciate the easy layout there. Lovely side patio in fenced yard to enjoy al fresco dining and entertaining. Yard contains a nice sized storage shed. Enjoy relaxing summer days on your covered front porch with views of Mt Crested Butte! Mud room has wall ski storage too! Professional and mature landscaping. This home received BOZAR's "Project of the Year for 2017 For A New Residential Building". The property currently has an unrestricted Short Term Rental License. STR license does not transfer upon sale of home and availability of future unrestricted STR license is possible but not guaranteed. The Town of Crested Butte has a 3% transfer tax for the transfer of real property to be split equally between seller and buyer.

Last Agent to Sell the Property

Tammy Armour

Coldwell Banker Mountain Properties Listed on: 02/22/2024

Coldwell Banker Mountain Properties

Last Buyer's Agent

Tammy Armour

Coldwell Banker Mountain Properties Listed on: 02/22/2024

Coldwell Banker Mountain Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,847

Year Built

  • Built in 2017

Lot Details

  • 4,400 Sq Ft Lot
  • Back Yard Fenced
  • Landscaped

Home Design

  • Bungalow
  • Concrete Foundation
  • Raised Foundation
  • Metal Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 941 Sq Ft Home
  • Furnished
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Window Treatments
  • Mud Room
  • Living Room with Fireplace
  • Mountain Views
  • Crawl Space

Kitchen

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

Flooring

  • Wood
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat
  • Ventilation

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

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

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 325502253008

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,847

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Appliance Inclusions: Refrigerator, Washer, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range/Oven
  • Estimated Total Acres: 0.101
  • Class: RESIDENTIAL
  • Em Deposit: 70000.00
  • Em Holder: Title Company
  • Exterior Inclusions: Shed/Storage, Covered Porch, Landscaping, Patio
  • Indoor Air Quality: Ventilation
  • Interior Inclusions: Window Coverings, All Furnishings, W/D Hookup, Vaulted Ceiling, Granite Counters, Pantry, Mud Room
  • Legal Lot Block: Parcel, B, FINAL PLAT OF BLOCK 53 MINOR SUBDIVISION, According to the plat recorded on December 15, 2015 as Reception No. 637034, County of Gunnison, State of Colorado
  • Parcel Id Number: 325502253008
  • Price Per Sq Ft: 1487.78
  • Real Estate Included: Yes
  • Residence Style: Bungalow
  • Sale/Rent: For Sale
  • Siding: Wood
  • Sold Price Sq Ft: 1487.78
  • Street Descriptionaccess: City/Town, Paved, Public
  • Street Designation: Avenue
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Access: Year Round
  • Internet Service: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 5847.00
  • Year Built: 2017
  • Foreign Owned Y N: No
  • Prop Description Remarks: Absolutely adorable newer home with 1 bedroom/1 bath + sleeping loft in downtown Crested Butte. This home’s location is right in the heart of town and offers super convenient walking access to the Center For The Arts, Town Park, tennis court, bus shuttle, restaurants, shops and rec path. Nice comfortable floorplan with custom designed spiral staircase to loft area. The kitchen is a nice size and the chef in your family will appreciate the easy layout there. Lovely side patio in fenced yard to enjoy al fresco dining and entertaining. Yard contains a nice sized storage shed. Enjoy relaxing summer days on your covered front porch with views of Mt Crested Butte! Mud room has wall ski storage too! Professional and mature landscaping. This home received BOZAR's "Project of the Year for 2017 For A New Residential Building". The property currently has an unrestricted Short Term Rental License. STR license does not transfer upon sale of home and availability of future unrestricted STR license is possible but not guaranteed. The Town of Crested Butte has a 3% transfer tax for the transfer of real property to be split equally between seller and buyer.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Flooring: Tile, Hardwood, Slate
  • Estimated Total Sq Ft: 941
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 1
  • Fireplace Location Type: Living Room, Gas Logs
  • Foundation: Stemwall, Crawl Space, Concrete
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Fence: Fenced - Back, Partial Property
  • Construction Type: Wood, Wood Frame, Concrete/Block
  • Exterior Structures: Shed
  • Roof: Metal
  • Views: Mountains

Utilities

  • Utilities: Electric, Natural Gas, Internet
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Atmos Energy
  • Heating System: Forced Air
  • Sewer Supplier: Town of Crested Butte
  • Water Heater: Gas Water Heater, Tankless
  • Water Supplier: Town of Crested Butte

Schools

  • High School: Crested Butte Community K-12

Green Features

  • Green Efficient: Thermostat/Controllers, Water Heater, Windows, Insulation

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

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
Feb 22, 2024
Closed on
Apr 5, 2024
Sold by
Co Investment Llc
Bought by
Mountain Maddie Llc
Seller's Agent
Tammy Armour
Coldwell Banker Mountain Properties
Buyer's Agent
Tammy Armour
Coldwell Banker Mountain Properties
List Price
$1,400,000
Sold Price
$1,400,000
Views
11
Current Estimated Value
$1,484,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,702
Avg. Annual Appreciation
3.41%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Mountain Maddie Llc $1,400,000 Land Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2024 04/05/24 Sold $1,400,000 0.0% $1,488 / Sq Ft
02/23/2024 02/23/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $1,400,000 -- $1,488 / 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 $6,010 $88,950 $19,910 $69,040
2023 $6,010 $85,260 $19,080 $66,180
2022 $4,997 $63,750 $9,960 $53,790
2021 $4,524 $65,580 $10,250 $55,330
2020 $3,575 $52,310 $10,250 $42,060
2019 $3,503 $52,310 $10,250 $42,060
2018 $3,841 $25,780 $7,760 $18,020
2017 $1,799 $25,780 $7,760 $18,020
2016 $1,209 $18,220 $7,720 $10,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 811025

Colorado Real Estate Network (CREN)

APN: R071810