NOT LISTED FOR SALE

259 Gibbs Ave Unit 3 Newport, RI 02840

Eustis-Easton's Pond Neighborhood

Estimated Value: $792,874

1 Bed
1 Bath
873 Sq Ft
$908/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $505,000 $578 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,049/month

Highlights

  • Golf Course Community
  • Furnished
  • Walking Distance to Water
  • Wood Flooring
  • Tennis Courts
  • 2-minute walk to J Paul Braga Junior Memorial Field

About This Home

As of April 2024

Yearly Rental!! Enjoy the city by the sea this summer in this newly renovated second-floor unit. Plenty of natural light, refinished original hardwood floors throughout, new and modern kitchen, dry bar, off-street parking and separate on-premise laundry make this unit a rare find! Situated just minutes from the beach and Bellevue Avenue make this condo is a great option for Summer living in Newport. This property will be fully beautifully furnished, all furnishing can be seen by request.

Last Agent to Rent the Property

Alex Nunes

Serhant Rhode Island License #RES.0044503 Listed on: 02/27/2024

Last Renter's Agent

Candice Sandman

Lila Delman Compass License #RES.0042695

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,142

Year Built

  • 1900

Lot Details

  • 0.28

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 873 Sq Ft Home
  • 1-Story Property
  • Furnished

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Property Available on 6/15/24
  • Month-to-Month Lease Term
  • Assessor Parcel Number 259GIBBSAV3NEWP

Community Details

Overview

  • Property has a Home Owners Association
  • Kay/Catherine Subdivision

Amenities

  • Shops
  • Restaurant

Recreation

  • Golf Course Community
  • Tennis Courts

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,142

Year Built

1900

Lot Details

0

Rental Info

  • Lease Term: Month To Month
  • Available Date: 2024-06-15
  • Security Deposit: 2000.0

Listing Details

  • Prop. Type: Residential Lease
  • Subdivision Name: Kay/Catherine
  • Above Grade Finished Sq Ft: 873.0
  • Entry Level: 2
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Apartment
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1900

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Second Floor Access
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower, Furnished
  • Living Area: 873.0
  • ResoLivingAreaSource: Builder

Exterior Features

  • Waterfront Features: Walk to Water

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Golf, Near Hospital, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No
  • HOA Rent Includes: Air Conditioning, Common Area Maintenance, Electricity, Gas, Gardener, Heat, Hot Water, Internet, Laundry Facilities, Parking, Water
  • Association: Yes
  • Pets Allowed: No

Lot Info

  • Parcel #: 259GIBBSAV3NEWP
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2024
Closed on
Apr 16, 2024
Sold by
Mavrides Marcia J
Bought by
Gibbs Ave Llc
Seller's Agent
Alex Nunes
Serhant Rhode Island
Buyer's Agent
Candice Sandman
Lila Delman Compass
Sold Price
$2,400
Views
14
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.
Estimated Appreciation
$790,474
Original Mortgage
$400,000
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 27, 2024
Closed on
Mar 15, 2024
Sold by
259 Gibbs Ave Llc
Bought by
Guglielmo Daniel C and Guglielmo Barbara P
Seller's Agent
Alex Nunes
Serhant Rhode Island
Buyer's Agent
Candice Sandman
Lila Delman Compass
Sold Price
$2,400
Views
14

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
Oct 10, 2023
Closed on
Dec 11, 2023
Sold by
259 Gibbs Llc
Bought by
Fraser Denise
Seller's Agent
Alex Nunes
Serhant Rhode Island
Buyer's Agent
Thomas Rowley
Edge Realty RI
Sold Price
$1,900
Views
33

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
Oct 10, 2023
Closed on
Oct 31, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Thim Colby P
Seller's Agent
Alex Nunes
Serhant Rhode Island
Buyer's Agent
Thomas Rowley
Edge Realty RI
Sold Price
$1,900
Views
33

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
Oct 10, 2023
Closed on
Oct 18, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Mavrides Marcia J
Seller's Agent
Alex Nunes
Serhant Rhode Island
Buyer's Agent
Thomas Rowley
Edge Realty RI
Sold Price
$1,900
Views
33

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
Oct 10, 2023
Closed on
Sep 28, 2023
Sold by
Paras Jack N
Bought by
259 Gibbs Ave Llc
Seller's Agent
Alex Nunes
Serhant Rhode Island
Buyer's Agent
Thomas Rowley
Edge Realty RI
Sold Price
$1,900
Views
33

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
Oct 10, 2023
Closed on
Sep 26, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Kovacs Peter and Kovacs Ruth
Seller's Agent
Alex Nunes
Serhant Rhode Island
Buyer's Agent
Thomas Rowley
Edge Realty RI
Sold Price
$1,900
Views
33

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
Oct 10, 2023
Closed on
Sep 25, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Aubin Marisa C
Seller's Agent
Alex Nunes
Serhant Rhode Island
Buyer's Agent
Thomas Rowley
Edge Realty RI
Sold Price
$1,900
Views
33

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 $2,450,000
Previous Owner Fleury Properties Llc $2,375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Rented $2,400 -65.7% --
02/27/2024 02/27/24 For Rent $7,000 +268.4% --
11/01/2023 11/01/23 Rented $1,900 0.0% --
10/20/2023 10/20/23 Sold $505,000 0.0% $578 / Sq Ft
10/10/2023 10/10/23 For Rent $1,900 0.0% --
09/14/2023 09/14/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $519,000 -- $595 / 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

  • A

    Landlord's Agent in 2024

    Alex Nunes

    Serhant Rhode Island

    (401) 316-5083

    1 in this area

    17 Total Sales

    Alex Nunes
    Section Image
  • Candice Sandman

    Tenant's Agent in 2024

    Candice Sandman

    Lila Delman Compass

    (917) 432-7893

    3 Total Sales

    Candice Sandman
    Section Image

  • 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

  • T

    Buyer's Agent in 2023

    Thomas Rowley

    Edge Realty RI

    (401) 374-1006

    4 Total Sales

    Thomas Rowley
    Section Image
  • Alex Fraioli

    Buyer's Agent in 2023

    Alex Fraioli

    Edge Realty RI

    (401) 255-9109

    8 in this area

    136 Total Sales

    Alex Fraioli
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1353572

State-Wide MLS

APN: NEWP-000023-000000-000004

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

259 Gibbs Ave Unit 3, Newport, RI

This home is located at 259 Gibbs Ave Unit 3, Newport, RI 02840 since 27 February 2024 and is currently priced at $792,874. This property was built in 1900. 259 Gibbs Ave Unit 3 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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