NOT LISTED FOR SALE

259 Gibbs Ave Unit 4 Newport, RI 02840

Eustis-Easton's Pond Neighborhood

Estimated Value: $792,874

1 Bed
1 Bath
805 Sq Ft
$242/mo HOA Fee

Last Sold October 31, 2023

Last sale price $440,000 $547 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $5,291/month

105 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

Introducing a beautifully renovated multi-level condo unit featuring a captivating loft-style bedroom adorned with an appealing spiral staircase. Boasting an expansive living room complete with a chic dry bar, perfect for hosting guests, and an additional bonus study for added convenience. This remarkable space is enhanced by abundant natural light streaming through sizable windows, with glowing original hardwood flooring. The generous kitchen and bathroom have been tastefully renovated. Assigned parking, laundry, and deeded storage in the basement add further practicality to this remarkable unit. Access to a fantastic outdoor seating area, equipped with a grill that is ideal for enjoying the beauty of this highly sought-after neighborhood. Experience the perfect blend of modern updates, spaciousness, and outdoor amenities in this trendy condo.

Last Agent to Sell the Property

Kathleen Wilson

Hogan Associates Christie's Brokerage Phone: 774-263-5385 License #RES.0046366 Listed on: 07/05/2023

Co-Listed By

Hillary Olinger

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

Last Buyer's Agent

Ethan Coombs

Teri Degnan RE & Consulting License #RES.0043622

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,142

Year Built

  • Built in 1900

Lot Details

  • 0.28

HOA Fees

  • $242 Monthly HOA Fees

Home Design

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

Interior Spaces

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

Kitchen

  • Oven
  • Range
  • 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

Parking

  • 1 Parking Space
  • No Garage
  • Driveway
  • Assigned Parking

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 259GIBBSAV4NEWP

Community Details

Overview

  • Association fees include ground maintenance, parking, snow removal, trash
  • 7 Units
  • Kay/Catherine Subdivision

Amenities

  • 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

$242 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • 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: 805.0
  • Architectural Style: Loft
  • Building Name: Mason House on Gibbs
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two, 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
  • 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: 805.0
  • 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, Paved Driveway
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Patio, Porch

Garage/Parking

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

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, See Remarks
  • Senior Community: No
  • Amenities: Garden Area, Storage
  • Association Fee: 241.5
  • 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 #: 259GIBBSAV4NEWP
  • 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

Listed on
Jul 5, 2023
Closed on
Dec 11, 2023
Sold by
259 Gibbs Llc
Bought by
Fraser Denise
Seller's Agent
Kathleen Wilson
Hogan Associates Christie's
Buyer's Agent
Ethan Coombs
Teri Degnan RE & Consulting
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%
Views
349

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
Jul 5, 2023
Closed on
Oct 31, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Thim Colby P
Seller's Agent
Kathleen Wilson
Hogan Associates Christie's
Buyer's Agent
Ethan Coombs
Teri Degnan RE & Consulting
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%
Views
349

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
Jul 5, 2023
Closed on
Oct 18, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Mavrides Marcia J
Seller's Agent
Kathleen Wilson
Hogan Associates Christie's
Buyer's Agent
Ethan Coombs
Teri Degnan RE & Consulting
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%
Views
349

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
Jul 5, 2023
Closed on
Sep 28, 2023
Sold by
Paras Jack N
Bought by
259 Gibbs Ave Llc
Seller's Agent
Kathleen Wilson
Hogan Associates Christie's
Buyer's Agent
Ethan Coombs
Teri Degnan RE & Consulting
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%
Views
349

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
Jul 5, 2023
Closed on
Sep 26, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Kovacs Peter and Kovacs Ruth
Seller's Agent
Kathleen Wilson
Hogan Associates Christie's
Buyer's Agent
Ethan Coombs
Teri Degnan RE & Consulting
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%
Views
349

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
Jul 5, 2023
Closed on
Sep 25, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Aubin Marisa C
Seller's Agent
Kathleen Wilson
Hogan Associates Christie's
Buyer's Agent
Ethan Coombs
Teri Degnan RE & Consulting
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%
Views
349

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
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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
10/31/2023 10/31/23 Sold $440,000 -2.0% $547 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
08/25/2023 08/25/23 Price Changed $449,000 -2.2% $558 / Sq Ft
07/05/2023 07/05/23 For Sale $459,000 -- $570 / 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

  • 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
  • Ethan Coombs

    Buyer's Agent in 2023

    Ethan Coombs

    Teri Degnan RE & Consulting

    (401) 263-5138

    1 in this area

    14 Total Sales

    Ethan Coombs
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1337731

State-Wide MLS

APN: NEWP-000023-000000-000004

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

259 Gibbs Ave Unit 4, Newport, RI

This home is located at 259 Gibbs Ave Unit 4, Newport, RI 02840 since 05 July 2023 and is currently priced at $792,874, approximately $984 per square foot. This property was built in 1900. 259 Gibbs Ave Unit 4 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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