10 months on rocket

518 E Georgia Ave, Gunnison, CO, 81230

$950,000

Home List Price

$10,000*

Closing Credit

5 Full Baths
Multi
Schools Nearby

Location

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518 E Georgia Ave, Gunnison$950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Garage1 space
HeatingBaseboard, Steam
BasementYes
FireplaceNon functional, Den/Family Room
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: Range, Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Exhaust Fan
  • Basement: Yes
  • Flooring Type: Carpet, Wood, Linoleum
  • Fireplace: Non functional, Den/Family Room

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

School Info

Assigned Schools Information:

  • Gunnison High School, Public District Grades 9-12
  • Gunnison Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: See map.

Price Information

Listing Price Info

Price Summary:

  • List Price: $950,000
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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

$833K

Med. Price/SqFt

$373

Avg. Days On Market

127

518 E Georgia Ave vs Gunnison

325 DAYS ON ROCKET

+198 Days

$950,000

+$117K More

KEY TAKEAWAY

This property is $117K 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

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The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Real Estate listings held by other companies contain that company's name. 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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Property Sales & Tax

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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.

Middle School

school-card-donut-6934413
5
/10

  • Gunnison Middle School

  • 1099 N 11th St

  • 1.01 miles

  • Public District Grades 6-8

High School

school-card-donut-6934414
5
/10

  • Gunnison High School

  • 800 W Ohio Ave

  • 0.93 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,912. Typical income of Gunnison, CO residents is between $35k-100k annually. The most common type of family is single, no kids. Most 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 $950,000.

The inventory of homes for sale in Gunnison, CO between March 2024 and April 2024 increased by 79.2%. In April 2024 median list price was $833,000 and the average listing age was 127 days.

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

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