NOT LISTED FOR SALE

259 Gibbs Ave Unit 2 Newport, RI 02840

Eustis-Easton's Pond Neighborhood

Estimated Value: $792,874

2 Beds
1 Bath
610 Sq Ft
$189/mo HOA Fee

Last Sold September 25, 2023

Last sale price $443,000 $726 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,413/month

34 Days on Market

About This Home

As of September 2023

Nestled 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 Agent to Sell the Property

Hillary Olinger

Hogan Associates Christie's Brokerage Phone: 401-225-1705 License #RES.0040619 Listed on: 08/20/2023

Co-Listed By

Kathleen Wilson

Hogan Associates Christie's Brokerage Phone: 401-225-1705 License #RES.0046366

Last Buyer's Agent

Ben Willett

RE/MAX Results License #REB.0019095

RE/MAX Results

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,142

Year Built

1900

Lot Details

0

HOA Fees

$189 per month

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
  • Subdivision Name: KAY/ CATHERINE
  • Above Grade Finished Sq Ft: 610.0
  • Building Name: Mason House
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1900
  • Property Sub Type Additional: Condominium
  • Attribution Contact: 401-225-1705
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: First Floor Access
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 610.0
  • 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, Shingle Siding
  • Exterior Features: Porch, Patio, Barbecue, Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned, Detached, Garage
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, 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: 189.1
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Negotiable, Yes
  • Common Interest: Condominium

Fee Information

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

Lot Info

  • Lot Size Sq Ft: 12100.0
  • Parcel #: 259GIBBSAV2NEWP
  • 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

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
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $2,405,000
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

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
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

    49 Total Sales

    Hillary Olinger
    Section Image

  • K

    Seller Co-Listing Agent in 2023

    Kathleen Wilson

    Hogan Associates Christie's

    (774) 263-5385

    7 in this area

    21 Total Sales

    Kathleen Wilson
    Section Image
  • Ben Willett

    Buyer's Agent in 2023

    Ben Willett

    RE/MAX Results

    (401) 835-8810

    4 in this area

    128 Total Sales

    Ben Willett
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1342182

State-Wide MLS

APN: NEWP-000023-000000-000004

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

259 Gibbs Ave Unit 2, Newport, RI

This home is located at 259 Gibbs Ave Unit 2, Newport, RI 02840 since 20 August 2023 and is currently priced at $792,874, approximately $1,299 per square foot. This property was built in 1900. 259 Gibbs Ave Unit 2 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.

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