Gunnison County property record for 40 Nicholson Ln, Crested Butte, CO 81224
| Property Type | Single Family Home |
|---|---|
| Details | 3 bd · 4 ba · 1,416 sqft · built 1999 |
| Lot Size | 0.344 acres (15,028 sqft) |
| Owner | Individual Name on File |
| Last Sale | $1,690,000 (Sep 2021) |
| Tax Bill | $7,354 (2025) |
| Deeds & Mortgages | Sep 2021 Sale & Mortgage |
| Flood Zone | Zone X (minimal risk) |
| APN | R012707 |
| Primary APN | R012707 |
|---|---|
| Alternative APN |
|
| Bedrooms | 3 Beds |
|---|---|
| Full Baths | 4 Baths |
| Stories | 2 Stories |
| Building Area | 1,416 sqft |
| Basement Area | 1,416 sqft |
| Finished Basement | 1,416 sqft |
| Interior Walls | Wallboard/Drywall |
| Year Built | Built 1999 |
|---|---|
| Architectural Style | Conventional |
| Exterior Material | Brick Veneer |
| Construction Type | Masonry / Concrete Block |
| Foundation Type | Concrete |
| Roof Material | Metal |
| Lot Area | 15,028 sqft (0.344 acres) |
| Garage Area | 564 sqft |
| Parking Spaces | 2 Parking Spaces |
| Heating System | Radiant |
|---|---|
| Heating Fuel | Gas |
| Sewer | Connected |
| Account Number | R012707 |
|---|---|
| Street Address | 40 NICHOLSON LN |
| City | CRESTED BUTTE |
| State | CO |
| Zip | 81224-5562 |
| Property Category | Residential |
| Property Type | Residential > Single Family > Home |
| Legal Description | LOT 64, MERIDIAN LAKE PARK SUBDIVISION, FILING NO. 2 |
| Legal Subdivision | MERIDIAN LAKE PARK FILING 2 |
| Legal Lot Number | 64 |
| Jurisdiction | GUNNISON CO |
| Township / Civil Division | CRESTED BUTTE |
| Census Block Group | 1 |
| Census Block | 1010 |
| Census Tract | 963800 |
40 Nicholson Ln is owned by an individual who bought it in September 2021.
Source: Gunnison County records, as of February 23, 2026
| Owner of Record | Individual Name on File |
|---|---|
| Mailing Address | 6908 LEDBETTER RD, ARLINGTON, TX 76001-6602 |
| Owner Type | Individual |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Sep 1, 2021 · Amount on File |
| Deed Sale | Sep 1, 2021 · Amount on File |
| Deed Document Number | 678933 |
| Record Updated | Jun 8, 2026 |
| Document Type | Warranty Deed |
|---|---|
| Jurisdiction | GUNNISON CO |
| Recording Date | Sep 1, 2021 |
| Property Address | 40 NICHOLSON LN, CRESTED BUTTE, CO 81224-5562 |
| Document Number | 0000678933 |
| Instrument Date | Aug 31, 2021 |
| Instrument | 678933 |
| Transaction Type | Transfer |
| Record Updated | May 6, 2024 |
| Title Company | EMPIRE TITLE/COMPANY SPRINGS LLC, EMPIRE TITLE OF CO SPRINGS |
| Amount | Amount on Record |
|---|---|
| Downpayment | Downpayment on Record |
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $169.00 |
| Amount Accuracy | Rounded by County |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Address | 40 NICHOLSON LN, CRESTED BUTTE, CO 81224-5562 |
| Document Number | 0000678934 |
|---|---|
| Date | Sep 1, 2021 |
| Instrument | 678934 |
| Name | BANK OF THE WEST |
|---|---|
| Type | Bank |
| Type | Conventional Mortgage |
|---|---|
| Amount | Amount on Record |
| Term | 360 Months |
| Due | Sep 1, 2051 |
The 2025 property tax bill for 40 Nicholson Ln was $7,354, up 6.7% from the year before.
Source: Gunnison County assessment roll, as of August 25, 2025
| Type | Name |
|---|---|
| State | Colorado |
| County | Gunnison County |
| Unified School District | Gunnison Watershed School District RE-1J (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $7,354.00 (+6.67%) | $106,820 (-0.25%) Land $23,880 Building $82,940 | $1,709,000 Land $382,000 Building $1,327,000 |
| 2024 | $6,894.00 (+3.65%) | $107,090 (+3.57%) Land $25,520 Building $81,570 | |
| 2023 | $6,651.00 (+40.94%) | $103,400 (+68.65%) Land $24,640 Building $78,760 | $1,598,320 (+81.16%) Land $380,840 Building $1,217,480 |
| 2022 | $4,719.00 | $61,310 Land $12,840 Building $48,470 | $882,270 Land $184,810 Building $697,460 |
Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.
FEMA maps place 40 Nicholson Ln in Zone X, an area of minimal flood risk, though there have been 2 flood claims nearby since 2008.
Source: FEMA National Flood Hazard Layer, effective September 11, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
| Flood Insurance Cost | Premium on File median of 18 policies |
| Community Rating System | Class 6 (20% premium discount) |
| Nearby Flood Policies | 18 in force |
| Nearby Flood Claims | 2 (2008–2009) |
| Claims Outside the SFHA | 2 of 2 |
| Most Recent Claim | Feb 2009 · other causes |
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Wildfire risk around 40 Nicholson Ln is low, with a 0.03% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 80% of the US · lower than 91% of Colorado |
|---|---|
| Wildfire Likelihood | 0.03% annual chance |
| Exposure | Direct burnable vegetation |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | MERIDIAN LAKE PARK private · serves 250 people · EPA ID CO0126505 |
|---|---|
| Water Source | Surface water |
| Last State Inspection | Dec 2024 |
| Lead | 3 ppb (2026–2028) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | None last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.
Source: FCC Broadband Data Collection, based on 67 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Xtream Internet Fixed Wireless | 500 / 100 |
| Verizon Fixed Wireless | 300 / 20 |
| Starlink Satellite | 280 / 30 |
| CenturyLink DSL | 100 / 10 |
May also be available: T-Mobile, Visionary Broadband.
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