20 days on rocket

525 Red Lady Ave, Crested Butte, CO, 81224

$2,995,000

6 Full Baths
4,808 SqFt
$623/SqFt
Multi

Location

Image provided by Mapbox

Property Highlights

Home TypeMulti Family
HeatingNatural Gas, Electric, Baseboard, Fireplace(s)
FireplaceLiving Room
ViewMountain(s)
MLS #819324
StatusActive

About 525 Red Lady Ave

Multi family 6 - one bedroom apartment units - residential investment opportunity in prime location in Crested Butte. Don’t miss this rare opportunity to acquire 6 long term multi-family residential apartment units located in the Town of Crested Butte within the Majestic Plaza retail center adjacent to Clarks Market and on the Town of CB bus route. The units have a strong rental history making this an attractive investment opportunity. These units would be suitable for employee housing. Each spacious 2nd floor unit offers 1 bedroom, 1 bath, a large storage/laundry area with built in shelves, a gas fireplace, large windows capturing beautiful mountain views, and 1 off-street assigned parking space. Crested Butte, also known as Colorado’s last great ski town, is an up and coming resort community located 3 miles from the Crested Butte Mountain Resort now owned by Vail Resorts and included in the EPIC pass. The community offers exciting events, music, a creative arts district, and endless recreation opportunities. With all the Crested Butte has to offer the demand for long term rentals has always been high and will continue to be a desirable place for people to call home.

Property Details

Property Features

Property Information:

  • Living Area: 4,808 SqFt

Listing Office:

  • Office Name: Peak Property Management & Sales
  • Listing Agent: Caleb Brewer

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Oven, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet, Tile
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 6

Exterior Features

Exterior Information:

  • View: Mountain(s)

Utilities

Utilities Information:

  • Heating: Natural Gas, Electric, Baseboard, Fireplace(s)

Other

Directions Information:

  • Directions: Heading into town of Crested Butte on HWY 135 (North), take the first left turn onto Red Lady Avenue. Building is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,995,000
  • Price Per SqFt: $623/SqFt
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Housing Market Comparison

See how this home compares to others in Crested Butte, CO.

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Crested Butte, CO

City

Med. List Price

$1.7M

Med. Price/SqFt

$861

Avg. Days On Market

204

525 Red Lady Ave vs Crested Butte

20 DAYS ON ROCKET

-184 Days

$2,995,000

+$1.2M More

$623/SqFt

-$239 Less

KEY TAKEAWAY

This property is $1.2M more than the Median List Price and $239/SqFt less than other homes in Crested Butte, CO.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #819324

Listing Office:

  • Office Name: Peak Property Management & Sales
  • Listing Agent: Caleb Brewer

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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COPYRIGHT (2024) by COLORADO REAL ESTATE NETWORK, 121 N PARK AVENUE, SUITE# 4, MONTROSE, CO 81401 USA
ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN).

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Fair Housing Disclaimer
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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$15K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,046

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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-3485238
9
/10

  • Crested Butte Community School

  • 818 Red Lady Ave

  • 0.33 miles

  • Public District Grades KG-5

school-card-donut-3485239
5
/10

  • Gunnison Elementary School

  • 1099 N 11th St

  • 21.74 miles

  • Public District Grades KG-5

school-card-donut-3485240
9
/10

  • Aspen Elementary School

  • 235 High School Rd

  • 23.59 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,092. Typical income of Crested Butte, CO residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

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Rocket Homes›Colorado›Gunnison County›Crested Butte›81224›525 Red Lady Ave

This home is located at 525 Red Lady Ave in Crested Butte, CO and zip code 81224. Features: 6 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $2,995,000.

In November 2024 in Crested Butte, CO there were 21.9% more homes for sale than in October 2024. In November 2024, listings were on the market for 204 days. During the same period, the median list price in this real estate market was $1,725,000.

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

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