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ActivePrice cut: $14K (6/26)
$485,000
1beds
864sqft

701 N Gunnison Ave, Lake City, CO 81235

1beds
864sqft
Stick built
Built in 1950
0.29 Acres
2 Garage spaces
$561 price/sqft

What's special

Ready-to-go chicken coopNice sized deckMetal building workshopUpdated electrical and plumbingHandcrafted beetle-kill wood cabinetryBuilt-in deskCozy wood-burning stove

Charming mountain retreat in the heart of Lake City! 2 cabins and a metal building workshop. The main cabin is a 1-bedroom, 1-bath home offers thoughtfully updated living space with character, warmth, and modern improvements throughout. Since purchasing, the owners have completed extensive upgrades including updated electrical and plumbing, new insulation, drywall installation, and replacement double-pane windows. The kitchen has been beautifully remodeled with newer appliances and handcrafted beetle-kill wood cabinetry, creating a true Colorado mountain feel. Flooring has been replaced and some kept to the original hard-wood floors, ceilings were opened and vaulted for a more spacious design, a built-in desk was added, and barn doors bring added charm and functionality. The bedroom was redesigned to include a walk-in closet, and the bathroom has been fully renovated. Heating and ambiance are enhanced with both a cozy wood-burning stove and a Rinnai heater, offering efficient comfort year-round. A nice sized deck creates the perfect space to relax and enjoy the mountain setting. Situated on four city lots, this property provides rare in-town space to spread out, park an RV, and enjoy true mountain living. The fenced front and back yards make this property especially appealing for dog lovers, offering both security and room to roam. A ready-to-go chicken coop makes it easy to start your own hobby farm or embrace a more self-sufficient lifestyle. In addition to the main home, the property features a second cabin of over 700 square feet, ideal for guests, studio use, or flexible additional living space. There is also a spacious insulated metal building Garage of over 700 square feet, offering a wood burning stove and ample room for storage, outdoor gear, ATVs, or workshop use. Also, within this metal building there is a insulted she/shed shop. Just blocks and walking distance to downtown Lake City, restaurants, shops, medical center, post office hiking and Jeep trails, and access to the surrounding mountains, this property offers year-round adventure right outside your door. All square footage measurements are approximate; buyer to verify all measurements and property details. So many great bonuses, it is a must-see property.

185 days
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363
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11
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Source: CREN,MLS#: 831985MLS Logo
Travel times

Living Room

Kitchen

Bedroom

Zillow last checked:

Listing updated:

Listed by:

Kelsey Loftis kelseyloftis@crystalpeakproperties.com,

Crystal Peak Properties

Source: CREN,MLS#: 831985MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
Heating
  • Fireplace(s)
Appliances
  • Included: Dishwasher, Range, Refrigerator
Features
  • Flooring: Hardwood, Vinyl
  • Windows: Double Pane Windows
  • Basement: Crawl Space
  • Has fireplace: Yes
  • Fireplace features: Wood Burning Stove, Wood Stove
Interior area
  • Total structure area: 864
  • Total interior livable area: 864 sqft

Property

Parking
  • Total spaces: 2
  • Parking features: Detached Garage
  • Garage spaces: 2
Features
  • Levels: One
  • Stories: 1
  • Patio & porch: Covered Porch, Deck
  • Has view: Yes
  • View description: Mountain(s)
Lot
  • Size: 0.29 Acres
  • Features: Corner Lot
Details
  • Additional structures: Guest House, Metal Building, Workshop
  • Parcel number: 450927303005
  • Zoning description: Residential Single Family

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Log
  • Property subtype: Stick Built
Materials
  • Log, Log Siding
  • Roof: Metal
Condition
  • New construction: No
  • Year built: 1950

Utilities & green energy

  • Sewer: Public Sewer
  • Water: City Water
  • Utilities for property: Electricity Connected, Propane-Tank Leased

Community & HOA

Community
  • Subdivision: Other
HOA
  • Has HOA: No
Location
  • Region: Lake City

Financial & listing details

  • Price per square foot: $561/sqft
  • Tax assessed value: $565,060
  • Annual tax amount: $2,062
  • Date on market: 2/27/2026
  • Electric utility on property: Yes
  • Road surface type: Paved, Gravel

Price history

DateEventPrice
6/26/2026Price change$485,000-2.8%$561/sqft
Source: CREN #831985 Report a problem
5/28/2026Price change$499,000-5%$578/sqft
Source: CREN #831985 Report a problem
4/10/2026Price change$525,000-4.5%$608/sqft
Source: CREN #831985 Report a problem
2/27/2026Listed for sale$550,000$637/sqft
Source: CREN #831985 Report a problem

Public tax history

YearProperty taxesTax assessment
2025$1,698 +18.7%$35,320 +31.1%
2024$1,430 +7.2%$26,940 -3.6%
2023$1,334 -1%$27,940 +27.4%
2022$1,348 +11.8%$21,930 -2.8%
2021$1,205 $22,560 +7%
2020-- $21,090
2019$1,202 +1.1%$21,090 +2.5%
2018$1,189 +6%$20,570
2017$1,121 -33.4%$20,570 -33.4%
2016$1,683 -0.1%$30,890
2015$1,684 +6.1%$30,890 +5.7%
2014$1,587 +5.1%$29,220
2013$1,511 $29,220

Find assessor info on the county website

Monthly payment

Est. payment
$2,603/mo
Principal & interest
$2486
Property taxes
$117
More affordability toolsChevron Right

Estimated market value

$472,800

$449,000 - $496,000

$1,291/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 81235

Nearby schools

Lake City Community School
Grades PK-120.1 miles
7/10
GreatSchools® Rating
Test Score Rating
7/10
College Readiness Rating
7/10