NOT LISTED FOR SALE

700 W Ruby Ave Gunnison, CO 81230

Estimated Value: $438,000 - $893,000

6 Beds
5 Baths
3,263 Sq Ft
$222/Sq Ft Est. Value

Last Sold September 25, 2023

Last sale price $650,000 $199 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,942/month

47 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Privacy Fence
  • Corner Lot
  • Shed
  • Wood Siding

About This Home

As of September 2023

This home is located at 700 W Ruby Ave, Gunnison, CO 81230 since 08 June 2023 and is currently estimated at $723,995, approximately $221 per square foot. This property was built in 1976. 700 W Ruby Ave is a home located in Gunnison County with nearby schools including Gunnison Elementary School, Gunnison Middle School, and Crested Butte Community School.

Last Agent to Sell the Property

Fred Sandusky

Coldwell Banker Mountain Properties Listed on: 06/08/2023

Coldwell Banker Mountain Properties

Last Buyer's Agent

Ryan Jordi

TAVA Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,189

Year Built

  • Built in 1976

Lot Details

  • 0.28 Acre Lot
  • Privacy Fence
  • Fenced
  • Corner Lot

Home Design

  • Quadruplex
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,263 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Oven or Range

Flooring

  • Wood
  • Carpet

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • 2 - 10 Parking Spaces

Outdoor Features

  • Shed

Schools

  • Gunnison 1-5 Elementary School
  • Gunnison 6-8 Middle School
  • Gunnison High 9-12

Community Details

  • 4 Units
  • Gross Income $50,400

Listing and Financial Details

  • Assessor Parcel Number 370135405007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,189

Year Built

Built in 1976

Lot Details

0.28 Acres

Listing Details

  • Appliance Inclusions: Range/Oven, Washer, Dryer
  • Estimated Total Acres: 0.28
  • Class: Multifamily
  • Em Deposit: 35000
  • Em Holder: Title Company
  • Exterior Inclusions: Shed/Storage, Fence
  • Legal Lot Block: Lots 13-16 BLK 80 WEST GUNNISON #587388 #590488
  • Lot Dimension: 100*125
  • Lot Size Acreage: Less than 1/2
  • Parcel Id Number: 370135405007
  • Price Per Sq Ft: 199.2
  • Property Description: Corner
  • Residence Stories: One Story, Two Story
  • Sale/Rent: For Sale
  • Siding: Wood
  • Sold Price Sq Ft: 199.2
  • Street Descriptionaccess: City/Town, Paved
  • Street Designation: Avenue
  • Tax Account Id: R001159
  • Zoning: Residential Multi Family
  • Domestic Water Sewer: City Water, City Sewer
  • Heating Fuelsystem: Electric Baseboard, Forced Air
  • Metered: Metered for Gas, Metered for Electricity, Metered for Water
  • Multi Story: Yes
  • Type: Fourplex
  • Access: Year Round
  • Total Taxes Dollar: 2189.00
  • Year Built: 1976
  • Prop Description Remarks: Proven Rental Income in Gunnison Colorado. This single family home with attached one bedroom apartment and a separate duplex accessory unit, for a total of four units. Three are one bedroom/one bath and the other is three bedroom/two bath. The advantage to this property is the flexibility to configure the amount of rental units. The new buyer could change the house back into a single family home while still generating a nice income from the duplex accessory unit. Other nice features of the property are a nice large yard with mature trees, large detached garage, work shop, storage shed and plenty of room to park. Located in a great part of Gunnison, near the schools, library and with riding distance of Western Colorado University, Gunnison Valley Health and downtown. This property is perfect for someone looking for a monthly income with potential to grow. This property as it is currently rented generates $4200.00 in monthly income as it is currently rented.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 10721074

Interior Features

  • Flooring: Carpet, Wood
  • Estimated Total Sq Ft: 3263
  • Full Bathrooms: 3
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 2
  • Total Bathrooms: 5
  • Foundation: Crawl Space
  • Total Office Den: 0

Exterior Features

  • Fence: Privacy
  • Roof: Metal

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Parking Spaces: 4
  • Garage Capacity: 1
  • Parking: 2-10 Total Spaces

Utilities

  • Electric Supplier: City of Gunnison
  • Gas Supplier: Atmos Energy
  • Sewer Supplier: City of Gunnison
  • Water Supplier: City of Gunnison

Schools

  • High School: Gunnison High 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Multi Family

  • No. of Units: 4
  • Gross Scheduled Income: 50400

Tax Info

  • Tax Year: 2022

MLS Schools

  • Elementary School: Gunnison 1-5
  • Middle School: Gunnison 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2025
Sold by
Lutin Flor
Bought by
Flora Lutin Living Trust
Current Estimated Value
$723,995

Purchase Details

Listed on
Jun 8, 2023
Closed on
Sep 25, 2023
Sold by
Fiddler Eli
Bought by
Lutin Flor
Seller's Agent
Fred Sandusky
Coldwell Banker Mountain Properties
Buyer's Agent
Ryan Jordi
TAVA Real Estate
List Price
$759,000
Sold Price
$650,000
Premium/Discount to List
-$109,000
-14.36%
Views
66

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.61%
Original Mortgage
$487,500
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 5, 2018
Closed on
Jun 8, 2018
Sold by
Modglin Kirk J
Bought by
Fiddler Eli
Seller's Agent
Ryan Jordi
TAVA Real Estate
Buyer's Agent
Fred Sandusky
Coldwell Banker Mountain Properties
List Price
$429,000
Sold Price
$422,000
Premium/Discount to List
-$7,000
-1.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Original Mortgage
$300,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 1, 2009
Sold by
Modglin Kirk J and Modglin Julee A
Bought by
Modglin Kirk J

Purchase Details

Closed on
Oct 30, 2008
Sold by
Marks Melody K and Marks Kenneth S
Bought by
Modglin Kirk J and Modglin Julee A

Purchase Details

Closed on
Jul 25, 2005
Sold by
Schumacher Raymond A and Raymond A Schumacher Revocable
Bought by
Marks Kenny and Marks Melody

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,696
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
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
Flora Lutin Living Trust -- None Listed On Document
Lutin Flor $650,000 Land Title
Fiddler Eli $422,000 None Available
Modglin Kirk J -- None Available
Modglin Kirk J $418,000 None Available
Marks Kenny $117,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lutin Flor $487,500
Previous Owner Fiddler Eli $300,000
Previous Owner Marks Kenny $34,696
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2023 09/25/23 Sold $650,000 -14.4% $199 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $759,000 +79.9% $233 / Sq Ft
06/08/2018 06/08/18 Sold $422,000 -1.6% $129 / Sq Ft View Prior Sale
06/05/2018 06/05/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $429,000 -- $132 / Sq Ft
Source: Colorado Real Estate Network (CREN)

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 $2,552 $47,310 $17,180 $30,130
2023 $2,281 $43,640 $15,850 $27,790
2022 $2,220 $36,980 $7,670 $29,310
2021 $2,016 $38,350 $7,960 $30,390
2020 $1,685 $30,170 $7,190 $22,980
2019 $1,647 $30,170 $7,190 $22,980
2018 $1,438 $25,570 $5,590 $19,980
2017 $1,455 $25,570 $5,590 $19,980
2016 $1,567 $27,690 $3,890 $23,800
2015 $726 $27,690 $3,890 $23,800
2014 $726 $25,360 $3,910 $21,450
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2023

    Fred Sandusky

    Coldwell Banker Mountain Properties

    (970) 209-8753

    1 in this area

    9 Total Sales

    Fred Sandusky
    Section Image
  • Ryan Jordi

    Buyer's Agent in 2023

    Ryan Jordi

    TAVA Real Estate

    (970) 596-7030

    16 in this area

    30 Total Sales

    Ryan Jordi
    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Josh Young

    Bluebird Real Estate, LLC

    Section Image
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 804409

Colorado Real Estate Network (CREN)

APN: R001159

Colorado Gunnison County Gunnison 81230

700 W Ruby Ave, Gunnison, CO

Not Listed for Sale

MultiFamily

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Colorado Real Estate Network (CREN) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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