NOT LISTED FOR SALE

131 Gibbs Ave Newport, RI 02840

Kay-Catherine Neighborhood

Estimated Value: $720,000 - $1,155,000

2 Beds
2 Baths
1,900 Sq Ft
$466/Sq Ft Est. Value

Last Sold January 07, 2016

Last sale price $365,000 $192 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $5,032/month

38 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Tennis Courts
  • Golf Course Community
  • Attic
  • 4-minute walk to J Paul Braga Junior Memorial Field

About This Home

As of January 2016

Beautiful craftsman style bungalow w/intact original details. Desirable Gibbs Ave area. New 1st flr bath & hrdwd flrs 2nd flr bdrm,with full bath,office,lots of storage/2 car garage w/ new roof & workshop area. Inviting patio w/ fenced yard.

Last Agent to Sell the Property

Margaret Twist

BHHS Commonwealth Real Estate License #RES.0040357 Listed on: 10/30/2015

Last Buyer's Agent

Dawn McCauley

RE/MAX Profnl. Newport, Inc. License #RES.0021916

RE/MAX Profnl. Newport, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,494

Year Built

  • Built in 1921

Lot Details

  • 4,947 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Bungalow
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,900 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Attic

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Cedar Closet
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Walking Distance to Water
  • Screened Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 239
  • Assessor Parcel Number 131GIBBSAVNEWP

Community Details

Overview

  • Gibbs Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,494

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1136
  • Subdivision Name: GIBBS
  • Above Grade Finished Sq Ft: 1900.0
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1921
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Range Hood
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Attic, Cedar Closet(s), Storage
  • Living Area: 1900.0
  • Stories: 2
  • Window Features: Storm Window(s)

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Vinyl Siding
  • Exterior Features: Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio, Porch, Screened

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4947.0
  • Parcel #: 131GIBBSAVNEWP

Tax Info

  • Tax Annual Amount: 3494.0
  • Tax Lot: 239
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2015
Closed on
Jan 7, 2016
Sold by
Scott John B and Scott Jennifer J
Bought by
Oconnor Daniel W and Gingras Kathleen
Seller's Agent
Margaret Twist
BHHS Commonwealth Real Estate
Buyer's Agent
Dawn McCauley
RE/MAX Profnl. Newport, Inc.
List Price
$379,900
Sold Price
$365,000
Premium/Discount to List
-$14,900
-3.92%
Current Estimated Value
$885,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$520,722
Avg. Annual Appreciation
9.39%
Original Mortgage
$253,000
Outstanding Balance
$201,216
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$684,506

Purchase Details

Closed on
Apr 1, 2014
Sold by
Scott 3Rd John H and Scott Dawn E
Bought by
Eastern Resorts Co Llc

Purchase Details

Closed on
Mar 10, 2010
Sold by
Abney Marvin L and Abney Cheryl
Bought by
Scott John and Scott Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,050
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 1994
Sold by
Scully Kirk R and Scully Bethany
Bought by
Abney Marvin L and Abney Cheryl
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Oconnor Daniel W $365,000 --
Eastern Resorts Co Llc -- --
Scott John $290,000 --
Abney Marvin L $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oconnor Daniel W $253,000
Previous Owner Abney Marvin L $270,386
Previous Owner Abney Marvin L $274,050
Previous Owner Abney Marvin L $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2016 01/07/16 Sold $365,000 -3.9% $192 / Sq Ft
12/08/2015 12/08/15 Pending -- -- --
10/30/2015 10/30/15 For Sale $379,900 -- $200 / Sq Ft
Source: State-Wide MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,641 $646,400 $219,500 $426,900
2024 $5,274 $641,600 $219,500 $422,100
2023 $4,297 $433,200 $155,100 $278,100
2022 $4,163 $433,200 $155,100 $278,100
2021 $4,042 $433,200 $155,100 $278,100
2020 $3,525 $342,900 $129,900 $213,000
2019 $3,525 $342,900 $129,900 $213,000
2018 $3,426 $342,900 $129,900 $213,000
2017 $3,671 $327,500 $99,900 $227,600
2016 $3,580 $327,500 $99,900 $227,600
2015 $3,494 $327,500 $99,900 $227,600
2014 $3,271 $271,200 $99,900 $171,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Margaret Twist

    BHHS Commonwealth Real Estate

  • Dawn McCauley

    Buyer's Agent in 2016

    Dawn McCauley

    RE/MAX Profnl. Newport, Inc.

    (401) 864-6348

    2 in this area

    74 Total Sales

    Dawn McCauley
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Map

Source: State-Wide MLS

MLS Number: 1111575

State-Wide MLS

APN: NEWP-000011-000000-000239

Rhode Island Newport County Newport 02840 Kay-Catherine

131 Gibbs Ave, Newport, RI

Not Listed for Sale

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