Purchase of 806 Gothic Avenue #5A
Town of Crested ButteColorado- Detected
- Jul 20, 2026
- 105 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
Council plans to purchase deed‑restricted unit 806 Gothic Avenue #5A for about $290,000 to swap in a modern restriction with income and asset limits and give the Town first right of refusal. Staff expects to close around August 17, 2026, then resell the unit by lottery at roughly the same price. This is part of a broader strategy to update 30 Bywater units, creating recurring needs for appraisal, legal, title, transaction coordination, and possibly real estate and housing program support.
Town expects net transaction costs of about $4,000 excluding RETT; new deed restriction will target specific AMI and asset caps and improve administrative consistency.
From the meeting
- Meeting date
- July 20, 2026
- Agency
- Town of Crested Butte
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When will Town of Crested Butte issue an RFP for this project?
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