NOT LISTED FOR SALE

821 Elk Ave Crested Butte, CO 81224

Estimated Value: $4,806,000 - $5,489,000

4 Beds
4.5 Baths
2,975 Sq Ft
$1,725/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $3,700,000 $1,244 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $28,825/month

15 Days on Market

Highlights

  • Under Construction
  • Vaulted Ceiling
  • Radiant Floor
  • Mountain View
  • Post and Beam
  • 3-minute walk to Rainbow Park

About This Home

As of June 2021

An amazing home located on Rainbow Park, 821 Elk Avenue is scheduled for completion in Spring 2021! Andrew Hadley Architects and Midtown Mountain Design collaborated on the home's design and local craftsman Tony Veit is building it. In true mountain modern style, the home features exposed steel and wood beam elements, wide-plank wood flooring, a floating staircase, an incredible fireplace design, vaulted ceilings above the living room, state-of-the-art home automation, top-of-the-line appliances and equipment and fenestration that expertly captures the homes stunning panoramic mountain views. The open plan puts the living, kitchen, dining and den on the main level, three bedroom suites, the laundry room, a mud room and storage on the lower level and a third level bedroom suite with bath and a great office nook. Out back the two car garage, accessed from the alley, includes an additional space for an office or gear room.

Last Agent to Sell the Property

Channing Boucher

LIV Sotheby's International Realty - CB Listed on: 07/31/2020

LIV Sotheby's International Realty - CB

Last Buyer's Agent

Channing Boucher

LIV Sotheby's International Realty - CB Listed on: 07/31/2020

LIV Sotheby's International Realty - CB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,939

Year Built

  • Built in 2019 | Under Construction

Lot Details

  • 6,098 Sq Ft Lot
  • Open Space

Home Design

  • Post and Beam
  • 3-Story Property
  • Metal Roof
  • Wood Siding
  • Metal Siding
  • Stone Siding
  • Stick Built Home

Interior Spaces

  • 2,975 Sq Ft Home
  • Wet Bar
  • Sound System
  • Vaulted Ceiling
  • Living Room with Fireplace
  • Formal Dining Room
  • Mountain Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Heated Garage
  • Garage Door Opener

Schools

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

Utilities

  • Air Filtration System
  • Vented Exhaust Fan
  • Boiler Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 325502234003

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,939

Year Built

Built in 2019 | Under Construction

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Exhaust Fan
  • Estimated Total Acres: 0.14
  • Class: RESIDENTIAL
  • Em Deposit: 5%
  • Em Holder: Title Co
  • Estimated Completion Date: 03/01/2021
  • Indoor Air Quality: Air Filtration System
  • Interior Inclusions: Wired/Cable TV, W/D Hookup, Sound System, Wet Bar, Vaulted Ceiling, Pantry, Garage Door Opener, Heated Garage
  • Legal Lot Block: TRACT 7 BLK 69 VERZUH RANCH ANNEXATION #662836
  • List Price per Sq Ft: 1327.73
  • Lot Size Acreage: Less than .25
  • New Construction: Yes
  • New Construction Type: Under Construction
  • Parcel Id Number: 325502234003
  • Price Per Sq Ft: 1243.7
  • Property Description: Adj to Open Space
  • Real Estate Included: Yes
  • Residence Stories: Three Story
  • Residence Style: Ranch
  • Sale/Rent: For Sale
  • Siding: Metal, Stone, Wood
  • Sold Price Sq Ft: 1243.7
  • Street Descriptionaccess: Private Winter Maintenanc
  • Street Designation: Avenue
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Access: Year Round
  • Internet Service Avail: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 10939
  • Year Built: 2019
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 20

Interior Features

  • Dining Room: Kitchen/Dining, Separate Dining
  • Bedrooms: 4
  • Flooring: Carpet-Partial, Hardwood, Tile
  • Estimated Total Sq Ft: 2975
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 3
  • Total Bathrooms: 5
  • Fireplace Location Type: Living Room
  • Total Office Den: 0

Exterior Features

  • Construction Type: Wood Frame, Post & Beam
  • Exterior Structures: Garage
  • Roof: Metal
  • Views: Mountains

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 2

Utilities

  • Utilities: Electric, Natural Gas, Cable TV, Internet, Phone - Cell Reception
  • Electric Supplier: Gunnison County Electric Association
  • Gas Supplier: Atmos Energy
  • Heating System: Boiler, Floor Radiant, 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

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

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
Jul 31, 2020
Closed on
Jun 4, 2021
Sold by
Midtown Mountain Llc
Bought by
Wilson Pate Johnson Descendants Trust and The Wilson Pate Johnson Non Exempt Trust
Seller's Agent
Channing Boucher
LIV Sotheby's International Realty - CB
Buyer's Agent
Channing Boucher
LIV Sotheby's International Realty - CB
List Price
$3,950,000
Sold Price
$3,700,000
Premium/Discount to List
-$250,000
-6.33%
Current Estimated Value
$5,131,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,431,092
Avg. Annual Appreciation
7.45%

Purchase Details

Closed on
Oct 4, 2019
Sold by
Vasan Robert T
Bought by
Vasan Robert T
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
Wilson Pate Johnson Descendants Trust $3,700,000 Land Title Guarantee Company
Vasan Robert T -- Land Title Guaranty Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2021 06/04/21 Sold $3,700,000 -6.3% $1,244 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $3,950,000 -- $1,328 / 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 $22,328 $320,450 $28,890 $291,560
2023 $22,328 $316,770 $28,560 $288,210
2022 $17,773 $226,760 $24,470 $202,290
2021 $7,971 $115,530 $25,170 $90,360
2020 $11,165 $163,350 $163,350 $0
2019 -- $163,350 $163,350 $0
2018 -- $129,730 $129,730 $0
2017 -- $129,730 $129,730 $0
2016 -- $116,750 $116,750 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 772864

Colorado Real Estate Network (CREN)

APN: R041045