NOT LISTED FOR SALE

259 Gibbs Ave Unit 7 Newport, RI 02840

Eustis-Easton's Pond Neighborhood

Estimated Value: $792,874

2 Beds
1 Bath
723 Sq Ft
$1,097/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $429,000 $593 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,024/month

Highlights

  • 0.28 Acre Lot
  • Furnished
  • Window Unit Cooling System
  • Wood Flooring
  • Walking Distance to Water
  • 2-minute walk to J Paul Braga Junior Memorial Field

About This Home

As of November 2023

SEPTEMBER RENTAL 2025!!. Enjoy easy access to all that Newport has to offer in this charming, fully renovated residence in the desirable Kay/Catherine neighborhood. This unit features a private entrance with a fully renovated kitchen and bathroom. Additional appealing features to this unit include a study/second bedroom option and a modern dry bar complete with a wine refrigerator in the living area, making this unit ideal for entertaining. Amenities include an in-unit washer and dryer, professionally managed association, assigned parking, and an outdoor grill area. Close to the beaches, shopping, tennis, and Newport nightlife. Rent for the month of September is $4500

Last Agent to Rent the Property

Robert Sullivan

Edge Realty RI License #RES.0041570 Listed on: 10/30/2023

Last Renter's Agent

Robert Sullivan

Edge Realty RI License #RES.0041570 Listed on: 10/30/2023

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,142

Year Built

  • Built in 1900

Lot Details

  • 0.28

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 723 Sq Ft Home
  • 2-Story Property
  • Furnished

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

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

Utilities

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

Additional Features

  • Walking Distance to Water
  • 0.28 Acre Lot
  • Property near a hospital

Listing and Financial Details

  • Property Available on 11/1/23
  • 12 Month Lease Term
  • Assessor Parcel Number 259GIBBSAV7NEWP

Community Details

Overview

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

Amenities

  • Shops
  • Restaurant

Pet Policy

  • Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,142

Year Built

Built in 1900

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2023-11-01
  • Security Deposit: 2500.0

Listing Details

  • Prop. Type: Residential Lease
  • Lot Size Acres: 0.28
  • Subdivision Name: Kay/Catherine
  • Above Grade Finished Sq Ft: 723.0
  • Building Name: Mason House on Gibbs
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: Private Entry,Second Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Interior Amenities: Tub Shower, Furnished
  • Living Area: 723.0
  • Stories: 2
  • ResoLivingAreaSource: Other

Exterior Features

  • Waterfront Features: Walk to Water
  • Construction Type: Drywall
  • Exterior Features: Paved Driveway

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Restaurant, Shopping
  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Gardener, Parking, Trash Collection
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 259GIBBSAV7NEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 7

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
Oct 30, 2023
Closed on
Dec 11, 2023
Sold by
259 Gibbs Llc
Bought by
Fraser Denise
Seller's Agent
Robert Sullivan
Edge Realty RI
Buyer's Agent
Robert Sullivan
Edge Realty RI
Sold Price
$2,400
Views
30

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 30, 2023
Closed on
Oct 31, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Thim Colby P
Seller's Agent
Robert Sullivan
Edge Realty RI
Buyer's Agent
Robert Sullivan
Edge Realty RI
Sold Price
$2,400
Views
30

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 30, 2023
Closed on
Oct 18, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Mavrides Marcia J
Seller's Agent
Robert Sullivan
Edge Realty RI
Buyer's Agent
Robert Sullivan
Edge Realty RI
Sold Price
$2,400
Views
30

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 30, 2023
Closed on
Sep 28, 2023
Sold by
Paras Jack N
Bought by
259 Gibbs Ave Llc
Seller's Agent
Robert Sullivan
Edge Realty RI
Buyer's Agent
Robert Sullivan
Edge Realty RI
Sold Price
$2,400
Views
30

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 30, 2023
Closed on
Sep 26, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Kovacs Peter and Kovacs Ruth
Seller's Agent
Robert Sullivan
Edge Realty RI
Buyer's Agent
Robert Sullivan
Edge Realty RI
Sold Price
$2,400
Views
30

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 30, 2023
Closed on
Sep 25, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Aubin Marisa C
Seller's Agent
Robert Sullivan
Edge Realty RI
Buyer's Agent
Robert Sullivan
Edge Realty RI
Sold Price
$2,400
Views
30

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
Apr 19, 2023
Closed on
Jun 2, 2023
Sold by
259 Gibbs Ave Llc
Bought by
Paras Jack N
Seller's Agent
Kathleen Wilson
Hogan Associates Christie's
Buyer's Agent
Robert Sullivan
Edge Realty RI
List Price
$429,000
Sold Price
$429,000
Views
48

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 List to Sale Price per Sq Ft Prior Sale
08/25/2025 08/25/25 Price Changed $4,500 -10.0% $6 / Sq Ft
06/07/2025 06/07/25 For Rent $5,000 +108.3% --
11/15/2023 11/15/23 Rented $2,400 -4.0% --
10/30/2023 10/30/23 For Rent $2,500 0.0% --
06/05/2023 06/05/23 Sold $429,000 0.0% $593 / Sq Ft View Prior Sale
05/22/2023 05/22/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $429,000 -- $593 / 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

  • Robert Sullivan

    Landlord's Agent in 2025

    Robert Sullivan

    Edge Realty RI

    (401) 855-9855

    2 in this area

    13 Total Sales

    Robert Sullivan
    Section Image

  • K

    Seller's Agent in 2023

    Kathleen Wilson

    Hogan Associates Christie's

    (774) 263-5385

    7 in this area

    22 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

    42 Total Sales

    Hillary Olinger
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1346850

State-Wide MLS

APN: NEWP-000023-000000-000004

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

259 Gibbs Ave Unit 7, Newport, RI

Not Listed for Sale

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.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.

Nearby Homes