1 year on rocket

518 E Georgia Ave, Gunnison, CO, 81230

$925,000

Home List Price

$10,000*

Closing Credit

5 Full Baths
Multi

Location

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518 E Georgia Ave, Gunnison$925,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage1 space
HeatingBaseboard, Steam
BasementYes
FireplaceDen/Family Room, Non functional
MLS #804738
Lot Size0.24 Acres
StatusActive

About 518 E Georgia Ave

Welcome to this historic Victorian gem nestled on a generous corner lot adjacent to the picturesque campus of Western Colorado University. This stately residence, proudly facing E Georgia Avenue, is a quintessential Gunnison Victorian, showcasing its timeless elegance and remarkable architecture. Well cared for, it has served as a successful multi-family rental property, boasting a strong rental history and remarkable tenant retention. Spanning three distinct levels, the main house features three individual units, each offering a unique living experience. Should you desire, this property can effortlessly transition into a magnificent primary residence. Outside, you'll find the beauty of mature trees shading the landscape, complemented by an efficient in-ground irrigation system to maintain its lush allure. An elevated deck, complete with finished and heated office or studio space, stands separate from the main house, offering a serene retreat for work or leisure. Convenience and functionality are at the forefront with an attached one-car garage, providing direct access to the main floor one-bedroom residence. This unit showcases a spacious kitchen, inviting living room, and a comfortable primary bedroom, all graced by high ceilings and historic custom woodwork that exude character and charm. A shared entryway and staircase beckons you to explore further, leading to the second-floor two-bedroom unit, followed by a third-floor one-bedroom rental unit. This diversified layout caters to a variety of rental options, making it a versatile investment opportunity. Adjacent to the alley and bordering Western’s campus housing, you'll discover a duplex, offering top and bottom units, along with an attached storage shed and basement access. The exterior of the duplex has been enhanced with new siding and insulation, ensuring year-round comfort. Ample off street parking and storage sheds to provide for the five separate units. This distinguished property stands as a testament to exquisite craftsmanship, featuring handcrafted woodwork and large windows that flood each unit with natural light. The unbeatable location, coupled with in-town living and proximity to the campus, makes it an exceptional investment opportunity in Gunnison. For those seeking more in-depth information, detailed apartment layouts, and financial insights, please do not hesitate to reach out. Experience the charm and grace of this historic Victorian home, where modern living meets timeless elegance.

Property Details

Property Features

Listing Office:

  • Office Name: Bluebird Real Estate, LLC
  • Listing Agent: Brian Cooper

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Oven, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Linoleum, Wood
  • Fireplace: Den/Family Room, Non functional

Bedroom and Bathroom Information:

  • Full Bathrooms: 5

Exterior Features

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Steam

Other

Directions Information:

  • Directions: See map.

Price Information

Listing Price Info

Price Summary:

  • List Price: $925,000
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Housing Market Comparison

See how this home compares to others in Gunnison, CO.

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Gunnison, CO

City

Med. List Price

$702K

Med. Price/SqFt

$470

Avg. Days On Market

137

518 E Georgia Ave vs Gunnison

564 DAYS ON ROCKET

+427 Days

$925,000

+$223K More

KEY TAKEAWAY

This property is $223K more than the Median List Price in Gunnison, CO.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #804738

Listing Office:

  • Office Name: Bluebird Real Estate, LLC
  • Listing Agent: Brian Cooper

IDX SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.

TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

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Equal Housing PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
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Last updated on: 12/31/2024, 6:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2290874
5
/10

  • Gunnison Elementary School

  • 1099 N 11th St

  • 1.02 miles

  • Public District Grades KG-5

school-card-donut-2290875
9
/10

  • Crested Butte Community School

  • 818 Red Lady Ave

  • 22.19 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,912. Most Gunnison, CO residents have annual incomes between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Colorado›Gunnison County›Gunnison›81230›518 E Georgia Ave

This home is located at 518 E Georgia Ave in Gunnison, CO and zip code 81230. This home sits on a 0.24 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since June 16, 2023 and is currently priced at $925,000.

In November 2024 in Gunnison, CO there were 5.5% more homes for sale than in October 2024. Listings spent 137 days on the market in November 2024, and had a median list price of $702,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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