624 Maroon Avenue
Crested Butte, CO 81224

$1,400,000

Description

This is a great development opportunity in the town of Crested Butte and is not just your typical 3 bedroom house. There are many options for development. The seller has approval to subdivide the 5 lots into 3 parcels, remove / demolish the existing home and build 3 homes with garages. Because of this approval, the existing house can still be removed / demolished even during the current moratorium. The easiest development would be to subdivide the 2 corner lots and either build on that parcel or sell them. Even if you value those lots at $600,000 (the least expensive lots in town are $750,000), that still means you would be paying $800,000 for a 3 bedroom house on 3 lots. If you give the corner lots more value, the house is an even better deal! Contact me to discuss the possibilities.

Details

MLS#755742
StyleHouse
Sub-TypeResale
StatusActive
Year1972
Days On Site136

Features

Bed(s)3
Bath(s) 2 Full
SQ Feet1,572
Story(s)Two Story
Acreage0.36

Additional Information

Taxes4,340.82
HeatingForced Air,Fireplace
Interior FeaturesWindow Coverings,Part Furnished,Vaulted Ceiling
Available AmenitiesElectric,Natural Gas,Cable TV,Internet,Phone - Cell Reception

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Area Information

StateCO
CountyGunnison
CityCrested Butte
Zip Code81224
AreaCrested Butte
Middle SchoolCrested Butte Community K-12
High SchoolCrested Butte Community K-12
Listing VS Median (in 81224)
Price:
$1,400,000
low | high
Med:
$599,000
100% of Average
SqFt:
1,572
low | high
Med:
2,800
28.117048346056% of Average
$ / SqFt:
$891
low | high
Med:
$214
100% of Average
On Site:
136
low | high
Med:
344
39.53488372093% of Average
Listing Updated: 08/21/2019
MLS Number: 755742
Listing Provided By:
Molly Eldridge  of  Coldwell Banker Mountain Properties



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