$505,000
SOLD OCT 20, 2023

259 Gibbs Ave Unit 3 Newport, RI 02840

Eustis-Easton's Pond Neighborhood
1 Bed
1 Bath
873 Sq Ft
$271/mo HOA Fee

Recently Sold

$578 Per Sq Ft

3% Below List Price

64 Days on Market

Highlights

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

About This Home

As of October 2023

Presenting a captivating second-floor unit that exudes both style and practicality. The thoughtfully designed layout features spacious rooms, along with a bonus study and a dry bar, perfect for hosting guests and creating lasting memories. Enjoy the inviting ambiance created by high ceilings and stunning original hardwood floors, while an abundance of natural light floods through the large windows. Ample closet space ensures easy organization, and the convenience of laundry and deeded storage in the basement adds functionality to your lifestyle. Additionally, Mason House residents have access to a charming common area complete with comfortable seating and a grill, perfect for outdoor gatherings and relaxation. Assigned parking provides a convenient accommodation for your vehicle. Discover the perfect balance of modern flair, convenience, and community in this remarkable condo, offering a seamless blend of comfort, sophistication, and practicality.

Last Agent to Sell the Property

Kathleen Wilson

Hogan Associates Christie's Brokerage Phone: 774-263-5385 License #RES.0046366 Listed on: 07/12/2023

Co-Listed By

Hillary Olinger

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

Last Buyer's Agent

Alex Fraioli

Edge Realty RI License #RES.0040250

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,142

Year Built

  • Built in 1900

HOA Fees

  • $271 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Driveway
  • Assigned Parking

Home Design

  • Entry on the 2nd floor
  • Stone Foundation
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Plaster

Interior Spaces

  • 873 Sq Ft Home
  • 3-Story Property
  • Dry Bar
  • Storage Room
  • Laundry Room
  • Utility Room

Kitchen

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

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

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

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 004
  • Assessor Parcel Number 259GIBBSAV3NEWP

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
  • Recreation Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,142

Year Built

Built in 1900

Lot Details

0

HOA Fees

$271 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: 873.0
  • Building Name: Mason House on Gibbs
  • Entry Level: 2
  • Garage Yn: Yes
  • Unit Levels: 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: Dishwasher, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Dry Bar, Tub Shower
  • Living Area: 873.0
  • 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: Porch, Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Patio, Porch

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • 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
  • Senior Community: No
  • Amenities: Garden Area, Storage
  • Association Fee: 270.63
  • 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 #: 259GIBBSAV3NEWP
  • 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

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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $500,000 None Available
Warranty Deed $500,000 None Available
Warranty Deed $785,000 None Available
Warranty Deed $785,000 None Available
Warranty Deed $440,000 None Available
Warranty Deed $440,000 None Available
Warranty Deed $505,000 None Available
Warranty Deed $505,000 None Available
Deed -- None Available
Deed -- None Available
Warranty Deed $630,000 None Available
Warranty Deed $630,000 None Available
Warranty Deed $444,000 None Available
Warranty Deed $444,000 None Available
Warranty Deed $429,000 None Available
Warranty Deed $429,000 None Available
Warranty Deed $2,100,000 None Available
Warranty Deed $2,100,000 None Available
Warranty Deed $2,109,500 None Available
Warranty Deed $2,109,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Purchase Money Mortgage
Previous Owner $240,000 Purchase Money Mortgage
Previous Owner $355,200 Purchase Money Mortgage
Previous Owner $2,450,000 Purchase Money Mortgage
Previous Owner $2,375,000 Purchase Money Mortgage
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

    Seller'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

    Buyer'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: 1338175

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 and is currently priced at $505,000, approximately $578 per square foot. 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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