259 Gibbs Ave Unit 2 Newport, RI 02840
Eustis-Easton's Pond NeighborhoodEstimated Value: $792,874
2
Beds
1
Bath
610
Sq Ft
$189/mo
HOA Fee
Highlights
- Marina
- Wood Flooring
- Tennis Courts
- Golf Course Community
- Corner Lot
- 2-minute walk to J Paul Braga Junior Memorial Field
About This Home
As of September 2023Nestled adjacent to the main lobby, this elegant first-floor condo features two bedrooms following an extensive renovation that has seamlessly melded a thoughtfully designed open kitchen and living area. Original built-in millwork and abundant natural light accentuate the space, pouring through oversized windows to complement the high ceilings and showcase the gleaming hardwood floors that stretch throughout. The primary bedroom features graceful French doors and ample closet space. The second bedroom or possible office/den exudes period charm with an original tiled fireplace. This unit offers convenient living with its assigned off-street parking, designated laundry and deeded storage in the basement. Residents can unwind on the shared patio with its outdoor seating, dining table, and grill. This meticulously revitalized two-bedroom condo showcases modern comfort with timeless appeal, providing a convenient living space adorned with stylish finishes. Mason House is located in the highly sought-after Kay/Catherine area, walking distance to local beaches, the Cliff Walk, the Tennis Hall of Fame, Bellevue Avenue and all that downtown Newport has to offer. MOST AFFORDABLE 2 BEDROOM UNIT IN NEWPORT
Last Listed By
Hogan Associates Christie's Brokerage Phone: 401-225-1705 License #RES.0040619 Listed on: 08/20/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,142
Year Built
- Built in 1900
Lot Details
- 0.28
HOA Fees
- $189 Monthly HOA Fees
Home Design
- Stone Foundation
- Shingle Siding
- Concrete Perimeter Foundation
Interior Spaces
- 610 Sq Ft Home
- 3-Story Property
- Fireplace Features Masonry
- Storage Room
- Laundry Room
- Utility Room
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 1 Car Detached Garage
- Driveway
- Assigned Parking
Outdoor Features
- Walking Distance to Water
- Patio
- Outdoor Grill
- Porch
Location
- Property near a hospital
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Oil Water Heater
Listing and Financial Details
- Tax Lot 004
- Assessor Parcel Number 259GIBBSAV2NEWP
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
- Call for details about the types of pets allowed
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
Total Days on Market
34
Current Estimated Value
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
Closed on
Dec 11, 2023
Sold by
259 Gibbs Llc
Bought by
Fraser Denise
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
Aug 20, 2023
Closed on
Oct 31, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Thim Colby P
Seller's Agent
Hillary Olinger
Hogan Associates Christie's
Buyer's Agent
Ben Willett
RE/MAX Results
List Price
$449,000
Sold Price
$443,000
Premium/Discount to List
-$6,000
-1.34%
Views
336
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
Aug 20, 2023
Closed on
Oct 18, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Mavrides Marcia J
Seller's Agent
Hillary Olinger
Hogan Associates Christie's
Buyer's Agent
Ben Willett
RE/MAX Results
List Price
$449,000
Sold Price
$443,000
Premium/Discount to List
-$6,000
-1.34%
Views
336
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
Aug 20, 2023
Closed on
Sep 28, 2023
Sold by
Paras Jack N
Bought by
259 Gibbs Ave Llc
Seller's Agent
Hillary Olinger
Hogan Associates Christie's
Buyer's Agent
Ben Willett
RE/MAX Results
List Price
$449,000
Sold Price
$443,000
Premium/Discount to List
-$6,000
-1.34%
Views
336
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
Aug 20, 2023
Closed on
Sep 26, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Kovacs Peter and Kovacs Ruth
Seller's Agent
Hillary Olinger
Hogan Associates Christie's
Buyer's Agent
Ben Willett
RE/MAX Results
List Price
$449,000
Sold Price
$443,000
Premium/Discount to List
-$6,000
-1.34%
Views
336
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
Aug 20, 2023
Closed on
Sep 25, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Aubin Marisa C
Seller's Agent
Hillary Olinger
Hogan Associates Christie's
Buyer's Agent
Ben Willett
RE/MAX Results
List Price
$449,000
Sold Price
$443,000
Premium/Discount to List
-$6,000
-1.34%
Views
336
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Newport, RI
Home Values in the Area
Average Home Value in this Area
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 | $2,405,000 | |
| 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 |
|---|---|---|---|---|
| 09/25/2023 09/25/23 | Sold | $443,000 | -1.3% | $726 / Sq Ft |
| 09/23/2023 09/23/23 | Pending | -- | -- | -- |
| 08/20/2023 08/20/23 | For Sale | $449,000 | -- | $736 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 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
-
Hillary Olinger
Seller's Agent in 2023
Hillary Olinger
Hogan Associates Christie's
(401) 225-1705
8 in this area
50 Total Sales
-
Kathleen Wilson
K
Seller Co-Listing Agent in 2023
Kathleen Wilson
Hogan Associates Christie's
(774) 263-5385
7 in this area
21 Total Sales
-
Ben Willett
Buyer's Agent in 2023
Ben Willett
RE/MAX Results
(401) 835-8810
4 in this area
125 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1342182
APN: NEWP-000023-000000-000004
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