NOT LISTED FOR SALE

259 Gibbs Ave Unit 1 Newport, RI 02840

Eustis-Easton's Pond Neighborhood

Estimated Value: $792,874

2 Beds
1 Bath
1,169 Sq Ft
$351/mo HOA Fee

Last Sold December 12, 2023

Last sale price $785,000 $672 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,400/month

19 Days on Market

Highlights

  • Marina
  • Deck
  • Corner Lot
  • Golf Course Community
  • Wood Flooring
  • 2-minute walk to J Paul Braga Junior Memorial Field

About This Home

As of December 2023

Welcome to this highly sought-after first-floor unit that combines the best of both worlds: the comfort of a single-family home with the convenience and amenities of a condominium. With its separate entrance and large private deck, this desirable residence offers a unique living experience. Meticulously renovated, this unit seamlessly blends modern updates with historic charm. Inside, you'll find generously sized rooms with brilliant hardwood floors and high ceilings that create a welcoming and spacious atmosphere. The original fireplace in the oversized living room adds character and warmth, while the formal dining room provides an ideal setting for hosting memorable gatherings. This two bedroom unit offers great natural light from the large windows. A bonus room offers flexibility for a home office, storage or an additional living space. Let your culinary skills shine in the chef's kitchen, complete with high end appliances and washer/dryer in unit for added convenience. One garage space and 1 assigned parking spot in the driveway ensures hassle-free parking options, while deeded storage in the basement provides ample space for your belongings.This beautifully renovated unit presents an exceptional opportunity to embrace modern comfort while preserving its historical allure. Experience a lifestyle that seamlessly combines elegance and practicality. Don't miss out on making this remarkable property your own. Schedule a viewing today!

Last Agent to Sell the Property

Kathleen Wilson

Hogan Associates Christie's Brokerage Phone: 774-263-5385 License #RES.0046366 Listed on: 11/14/2023

Co-Listed By

Hillary Olinger

Serhant Rhode Island Brokerage Phone: 774-263-5385 License #RES.0040619

Last Buyer's Agent

Heather Galvin

Gustave White Sotheby's Realty License #RES.0043942

Gustave White Sotheby's Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,142

Year Built

  • Built in 1900

Lot Details

  • 0.28

HOA Fees

  • $351 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Assigned Parking

Home Design

  • Entry on the 1st floor
  • Stone Foundation
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 1,169 Sq Ft Home
  • 3-Story Property
  • Fireplace Features Masonry
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Deck

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 004
  • Assessor Parcel Number 259GIBBSAV1NEWP

Community Details

Overview

  • Association fees include ground maintenance, parking, snow removal, trash
  • 7 Units
  • Kay/Catherine Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation
  • Community Storage Space

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,142

Year Built

Built in 1900

Lot Details

0

HOA Fees

$351 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Business Type: Other
  • Lot Size Acres: 0.2778
  • Co List Office Mls Id: HOGN
  • Co List Office Phone: 401-845-9500
  • Inclusions: 1 pet allowed per unit
  • Subdivision Name: Kay/Catherine
  • Above Grade Finished Sq Ft: 1169.0
  • Building Name: Mason House on Gibbs
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1900
  • Property Sub Type Additional: Condominium
  • Attribution Contact: 774-263-5385
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: First Floor Access,Private Entry
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 1169.0
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: Other

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Shingle Siding
  • Exterior Features: Deck, Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: None, Window Unit(s)
  • Cooling Y N: No
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Other, Public Transportation, Recreation Area, Restaurant, Shopping, See Remarks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Garden Area, Storage
  • Association Fee: 350.7
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Maintenance Grounds, Parking, Snow Removal, Trash

Lot Info

  • Lot Size Sq Ft: 12100.0
  • Parcel #: 259GIBBSAV1NEWP
  • Zoning: R10A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 7

Tax Info

  • Tax Lot: 004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2024
Sold by
Mavrides Marcia J
Bought by
Gibbs Ave Llc
Current Estimated Value
$792,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2024
Sold by
259 Gibbs Ave Llc
Bought by
Guglielmo Daniel C and Guglielmo Barbara P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 14, 2023
Closed on
Dec 11, 2023
Sold by
259 Gibbs Llc
Bought by
Fraser Denise
Seller's Agent
Kathleen Wilson
Hogan Associates Christie's
Buyer's Agent
Heather Galvin
Gustave White Sotheby's Realty
List Price
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%
Views
280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 14, 2023
Closed on
Oct 31, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Thim Colby P
Seller's Agent
Kathleen Wilson
Hogan Associates Christie's
Buyer's Agent
Heather Galvin
Gustave White Sotheby's Realty
List Price
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%
Views
280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 14, 2023
Closed on
Oct 18, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Mavrides Marcia J
Seller's Agent
Kathleen Wilson
Hogan Associates Christie's
Buyer's Agent
Heather Galvin
Gustave White Sotheby's Realty
List Price
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%
Views
280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2023
Sold by
Paras Jack N
Bought by
259 Gibbs Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Kovacs Peter and Kovacs Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Aubin Marisa C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Paras Jack N

Purchase Details

Closed on
Jan 30, 2023
Sold by
Fleury Properties Llc
Bought by
259 Gibbs Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,450,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2022
Sold by
Corey Robert E
Bought by
Fleury Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,450,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Gibbs Ave Llc -- None Available
Gibbs Ave Llc -- None Available
Guglielmo Daniel C $500,000 None Available
Guglielmo Daniel C $500,000 None Available
Fraser Denise $785,000 None Available
Fraser Denise $785,000 None Available
Thim Colby P $440,000 None Available
Thim Colby P $440,000 None Available
Mavrides Marcia J $505,000 None Available
Mavrides Marcia J $505,000 None Available
259 Gibbs Ave Llc -- None Available
259 Gibbs Ave Llc -- None Available
Kovacs Peter $630,000 None Available
Kovacs Peter $630,000 None Available
Aubin Marisa C $444,000 None Available
Aubin Marisa C $444,000 None Available
Paras Jack N $429,000 None Available
Paras Jack N $429,000 None Available
259 Gibbs Ave Llc $2,100,000 None Available
259 Gibbs Ave Llc $2,100,000 None Available
Fleury Properties Llc $2,109,500 None Available
Fleury Properties Llc $2,109,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guglielmo Daniel C $400,000
Previous Owner Thim Colby P $240,000
Previous Owner Aubin Marisa C $355,200
Previous Owner 259 Gibbs Ave Llc $2,450,000
Previous Owner Fleury Properties Llc $2,375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2023 12/12/23 Sold $785,000 -1.8% $672 / Sq Ft
12/03/2023 12/03/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $799,000 -- $683 / 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 $10,142 $1,625,100 $495,000 $1,130,100
2024 $10,142 $1,625,100 $495,000 $1,130,100
2023 $10,142 $1,022,400 $405,000 $617,400
2022 $9,800 $1,019,800 $405,000 $614,800
2021 $9,515 $1,019,800 $405,000 $614,800
2020 $9,042 $879,600 $461,500 $418,100
2019 $9,042 $879,600 $461,500 $418,100
2018 $8,787 $879,600 $461,500 $418,100
2017 $8,716 $777,500 $282,400 $495,100
2016 $8,498 $777,500 $282,400 $495,100
2015 $8,296 $777,500 $282,400 $495,100
2014 $9,324 $773,100 $308,000 $465,100
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kathleen Wilson

    Hogan Associates Christie's

    (774) 263-5385

    7 in this area

    21 Total Sales

    Kathleen Wilson
    Section Image
  • Hillary Olinger

    Seller Co-Listing Agent in 2023

    Hillary Olinger

    Serhant Rhode Island

    (401) 225-1705

    8 in this area

    43 Total Sales

    Hillary Olinger
    Section Image

  • H

    Buyer's Agent in 2023

    Heather Galvin

    Gustave White Sotheby's Realty

    (401) 207-6121

    1 in this area

    17 Total Sales

    Heather Galvin
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1348049

State-Wide MLS

APN: NEWP-000023-000000-000004

Rhode Island Newport County Newport 02840 Eustis-Easton's Pond

259 Gibbs Ave Unit 1, Newport, RI

This home is located at 259 Gibbs Ave Unit 1, Newport, RI 02840 since 14 November 2023 and is currently priced at $792,874, approximately $678 per square foot. This property was built in 1900. 259 Gibbs Ave Unit 1 is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and All Saints STEAM Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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