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 $5,262/month

About This Home

As of October 2023

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.

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
Edge Realty RI
Buyer's Agent
Candice Sandman
Compass / 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
Edge Realty RI
Buyer's Agent
Candice Sandman
Compass / 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
Edge Realty RI
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
Edge Realty RI
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
Edge Realty RI
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
Edge Realty RI
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
Edge Realty RI
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
Edge Realty RI
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

Range of Values:

Collateral Analytics

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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
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

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

  • A

    Seller's Agent in 2024

    Alex Nunes

    Edge Realty RI

    (401) 316-5083

    1 in this area

    14 Total Sales

    Alex Nunes
    Section Image
  • Candice Sandman

    Buyer's Agent in 2024

    Candice Sandman

    Compass / 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

    Hogan Associates Christie's

    (401) 225-1705

    8 in this area

    50 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

    11 in this area

    146 Total Sales

    Alex Fraioli
    Section Image
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Map

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

259 Gibbs Ave Unit 3, Newport, RI

Homes for Sale in Newport, RI

This home is located at 259 Gibbs Ave Unit 3, Newport, RI 02840 and is currently priced at $792,874, approximately $908 per square foot. 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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