NOT LISTED FOR SALE

722 Elk Ave Crested Butte, CO 81224

Estimated Value: $2,642,000 - $3,623,000

3 Beds
3.5 Baths
2,223 Sq Ft
$1,410/Sq Ft Est. Value

Sale Details

Date Sold: August 14, 2023

Last sale price $2,999,000 $1,349 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $18,119 / mo

50 Days on Market

Highlights

  • Steam Room
  • Mountain View
  • Wooded Lot
  • Indoor Spa
  • Deck
  • 2-minute walk to Rainbow Park

About This Home

As of August 2023

Experience In-Town living at it's finest! This beautiful 3 bedroom/4 bathroom rustic mountain modern home boasts an open concept living/kitchen/dining with compelling views of Mt Crested Butte. Entertaining is a dream from the chef's kitchen to the King Systems' sound system. Invite your guests to stop by the bar for their favorite cocktail or the granite island to sample your hors d'oeuvres, cozy up to the rock fireplace, or step out onto the balcony before being seated at your formal dining table faced by commanding views. Lure them out front to the gorgeous stone patio that is sheltered by mature trees and marvelous landscaping to gather around the chiminea and watch the summer stars. And when they leave you can retreat to the back deck and have a relaxing and rejuvenating soak in the hot tub overlooking the moonlit fenced back yard. Then off to your second level master suite that features a private balcony, double sinks, steam shower and walk-in closets. On the first floor you will find two bedrooms and two baths that include a junior suite plus a bunk room that sleeps 7 to accommodate all your friends and family. And if you need more room, the den/study could double as a forth bedroom. Store all your toys in the oversized one car garage. Plenty of off street parking in the driveway. Only a block and a half from the 4-way and bus stop, and a short walk to retail shops, restaurants, galleries and Center for the Arts.

Last Agent to Sell the Property

Heather Peterson

Coldwell Banker Mountain Properties Listed on: 05/18/2023

Coldwell Banker Mountain Properties

Last Buyer's Agent

Di Bridges

LIV Sotheby's International Realty - CB

LIV Sotheby's International Realty - CB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,010

Year Built

  • Built in 1992

Lot Details

  • 6,098 Sq Ft Lot
  • Back Yard Fenced
  • Landscaped
  • Wooded Lot

Home Design

  • Cabin
  • Metal Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 2,223 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Partially Furnished
  • Sound System
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Formal Dining Room
  • Steam Room
  • Indoor Spa
  • Mountain Views

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

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
  • Gas Water Heater
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 325502252002

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,010

Year Built

Built in 1992

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Exhaust Fan
  • Estimated Total Acres: 0.14
  • Class: RESIDENTIAL
  • Em Deposit: 100,000.
  • Em Holder: Title Company
  • Exterior Inclusions: Landscaping, Patio, Deck, Hot Tub, Balcony, Covered Porch
  • Interior Inclusions: Window Coverings, Part Furnished, W/D Hookup, Sound System, Wet Bar, Vaulted Ceiling, Granite Counters, Pantry, Walk In Closet, Hot Tub, Steam Room, Garage Door Opener, Heated Garage
  • Legal Lot Block: LOTS 5 AND 6, BLOCK 61, TOWN OF CRESTED BUTTE, COUNTY OF GUNNISON, STATE OF COLORADO.
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 325502252002
  • Price Per Sq Ft: 1349.08
  • Property Description: Wooded Lot
  • Real Estate Included: Yes
  • Residence Stories: Two Story
  • Residence Style: Cabin
  • Sale/Rent: For Sale
  • Siding: Wood
  • Sold Price Sq Ft: 1349.08
  • Street Descriptionaccess: City/Town, Paved, Public Winter Maintenance
  • Street Designation: Avenue
  • Tax Account Id: R002845
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Access: Year Round
  • Internet Provider: Spectrum/Charter
  • Internet Service: Yes
  • Total Taxes Dollar: 11,010.
  • Year Built: 1992
  • Foreign Owned Y N: No
  • Prop Description Remarks: Experience In-Town living at it's finest! This beautiful 3 bedroom/4 bathroom rustic mountain modern home boasts an open concept living/kitchen/dining with compelling views of Mt Crested Butte. Entertaining is a dream from the chef's kitchen to the King Systems' sound system. Invite your guests to stop by the bar for their favorite cocktail or the granite island to sample your hors d'oeuvres, cozy up to the rock fireplace, or step out onto the balcony before being seated at your formal dining table faced by commanding views. Lure them out front to the gorgeous stone patio that is sheltered by mature trees and marvelous landscaping to gather around the chiminea and watch the summer stars. And when they leave you can retreat to the back deck and have a relaxing and rejuvenating soak in the hot tub overlooking the moonlit fenced back yard. Then off to your second level master suite that features a private balcony, double sinks, steam shower and walk-in closets. On the first floor you will find two bedrooms and two baths that include a junior suite plus a bunk room that sleeps 7 to accommodate all your friends and family. And if you need more room, the den/study could double as a forth bedroom. Store all your toys in the oversized one car garage. Plenty of off street parking in the driveway. Only a block and a half from the 4-way and bus stop, and a short walk to retail shops, restaurants, galleries and Center for the Arts.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Dining Room: Island, Separate Dining
  • Bedrooms: 3
  • Flooring: Hardwood, Tile
  • Estimated Total Sq Ft: 2223
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 4
  • Fireplace Location Type: Gas Logs, Living Room
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Fence: Partial Property, Fenced - Back
  • Construction Type: Wood Frame
  • Roof: Metal
  • Views: Mountains

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 1

Utilities

  • Utilities: Electric, Natural Gas, Cable TV, Internet - DSL, Phone - Cell Reception
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Atmos Energy
  • Heating System: Forced Air, Fireplace
  • Sewer Supplier: Town of Crested Butte
  • Water Heater: Gas Water Heater
  • Water Supplier: Town of Crested Butte

Schools

  • High School: Crested Butte Community K-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Partially Furnished

Tax Info

  • Tax Year: 2022

MLS Schools

  • Elementary School: Crested Butte Community K-12
  • Middle School: Crested Butte Community K-12

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Aug 10, 2023
Sold by
Mundy Leigh and Mundy Stephens
Bought by
Kienast Michael and Williams Jennifer L
Seller's Agent
Heather Peterson
Coldwell Banker Mountain Properties
Buyer's Agent
Di Bridges
LIV Sotheby's International Realty - CB
List Price
$2,999,000
Sold Price
$2,999,000
Views
80
Current Estimated Value
$3,134,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,774
Avg. Annual Appreciation
1.61%
Original Mortgage
$2,249,250
Outstanding Balance
$2,185,692
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$949,082

Purchase Details

Closed on
Aug 27, 2019
Sold by
Sherman Darrel and Sherman Rachel
Bought by
Mundy Leigh and Mundy Stephens

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,350
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2017
Sold by
Sherman Darrel
Bought by
Rachel Sherman Darrel and Rachel Darrel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2016
Sold by
Martin Thomas F and Martin Mary C
Bought by
Sherman Darrel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 1991

Purchase Details

Closed on
Mar 28, 1991
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Kienast Michael $2,999,000 Gunnison County Abstract
Mundy Leigh $1,850,000 Land Title Guaranty Company
Rachel Sherman Darrel -- None Available
Sherman Darrel $1,090,000 None Available
-- $38,000 --
-- $900 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Kienast Michael $2,249,250
Previous Owner Mundy Leigh $484,350
Previous Owner Rachel Sherman Darrel $1,350,000
Previous Owner Sherman Darrel $981,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2023 08/14/23 Sold $2,999,000 0.0% $1,349 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $2,999,000 -- $1,349 / 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
2025 $13,849 $186,130 $24,360 $161,770
2024 $13,849 $193,790 $25,120 $168,670
2023 $13,400 $190,110 $24,640 $165,470
2022 $11,010 $140,470 $19,570 $120,900
2021 $9,971 $144,520 $20,140 $124,380
2020 $6,479 $94,790 $20,140 $74,650
2019 $6,348 $94,790 $20,140 $74,650
2018 $5,200 $75,010 $13,940 $61,070
2017 $5,234 $75,010 $13,940 $61,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 803595

Colorado Real Estate Network (CREN)

APN: R002845

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