$345,000
 $1,852 est/mo Sourced by Back At You

7344 Hwy 133 Highway , Somerset, CO 81434

Somerset, CO 81434

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Description

Situated on the river bank of the North Fork of the Gunnison river just outside of Somerset, Colorado is a unique investment opportunity. Situated on a total of 6.12 acres in a charming valley location is a total of three cabins with beautiful riverfront views. These cabins are all in need of a significant remodel. One of the three residences is currently in decent condition, while the historic cabin and log home are not in livable condition. The property has two total water wells, electric service from DMEA, and fuel source from propane as well as most buildings have wood stoves for supplemental heat. This property is a candidate for a remodel into a short term rental property or retreat. Great areas along the riverfront can be cleared to put fire pits or other areas. Property assets include: Cabin 1 (red cabin) - 1940 built - 2 bed / 1 bath - 728 square feet (988 sq ft basement) - forced air heat - riverfront views Cabin 2 (log cabin) - 1939 built - Two stories - 2 bed / 1 bath - 1,900 square feet (small basement) Cabin 3 (livable structure) - 1939 built - Remodeled 1970 - 2 bed / 1 bath - 915 square feet - 3 car garage Two (2) domestic water wells Two (2) septic tanks Propane tank (leased) This property will NOT pass FHA Lending, and traditional lending will be difficult to acquire. Cash or 1031 preferred. Brokers are assembling well information, new ILC survey, Current owner has a recent appraisal in hand.

Details

MLS#814202
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1939
Days On Site253
Listing Provided ByBluebird Real Estate, LLC | John (Bobby) Overturf

Features

Bed(s)6
Bath(s) 3 Total
SQ Feet3,543
Garage3
Acreage6.10
Water FrontYes

Market Activity 81434

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Learn More About This Property

StateCO
CountyGunnison
CitySomerset
Zip Code81434
AreaSomerset
School DistrictOpen Enrollment
Elementary SchoolOpen Enrollment
Middle SchoolOpen Enrollment
High SchoolOpen Enrollment
Listing VS Median (in 81434)
Price:
$345,000
low | high
Med:
$1,950,000
100% of Average
SqFt:
3,543
low | high
Med:
2,296
85.196161445103% of Average
$ / SqFt:
$97
low | high
Med:
$849
100% of Average
On Site:
253
low | high
Med:
130.000000
100% of Average
Sourced by Back At You
Listing Updated: February 4, 2025 at 1:45:49 PM PST