NOT LISTED FOR SALE

29 Gibbs Ave Unit 1 Newport, RI 02840

Estimated Value: $507,600 - $602,000

2 Beds
1 Bath
967 Sq Ft
$255/mo HOA Fee

Last Sold October 28, 2016

Last sale price $230,000 $238 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $3,349/month

106 Days on Market

Highlights

  • Marina
  • Tennis Courts
  • Public Transportation
  • Wood Flooring
  • Cul-De-Sac
  • Shops

About This Home

As of October 2016

Charming and bright first floor condo with gleaming hardwoods, built ins, and updated kitchen with granite. Centrally located in the Bliss / Gibbs neighborhood with easy access to all Newport has to offer.

Last Agent to Sell the Property

Lea Savas

Serhant Rhode Island License #RES.0035438 Listed on: 06/13/2016

Last Buyer's Agent

Annie Becker

Lila Delman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,060

Year Built

  • Built in 1850

Lot Details

  • 5,571

HOA Fees

  • $255 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Combination Foundation
  • Clapboard

Interior Spaces

  • 967 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Hot Water Heating System
  • 100 Amp Service
  • Oil Water Heater

Additional Features

  • Cul-De-Sac
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 41
  • Assessor Parcel Number 29GIBBSAV1NEWP

Community Details

Overview

  • Bliss / Gibbs Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Tennis Courts

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,060

Year Built

Built in 1850

Lot Details

0

HOA Fees

$255 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.1279
  • Subdivision Name: BLISS / GIBBS
  • Above Grade Finished Sq Ft: 967.0
  • Building Name: Sycamore Gardens
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1850
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Oil Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: First Floor Access,Private Entry
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Living Area: 967.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Cul-De-Sac
  • Construction Type: Clapboard
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

  • Community Features: Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Association Fee: 255.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Lot Info

  • Lot Size Sq Ft: 5571.0
  • Parcel #: 29GIBBSAV1NEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 3060.0
  • Tax Lot: 41
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2016
Closed on
Oct 31, 2016
Sold by
Widmann Michael R and Widmann Stephanie T
Bought by
Estrada Jacqueline S
Seller's Agent
Lea Savas
Serhant Rhode Island
Buyer's Agent
Annie Becker
Lila Delman Real Estate
List Price
$249,000
Sold Price
$230,000
Premium/Discount to List
-$19,000
-7.63%
Current Estimated Value
$539,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,400
Avg. Annual Appreciation
10.03%
Original Mortgage
$184,000
Outstanding Balance
$148,092
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$391,308

Purchase Details

Closed on
Mar 16, 2005
Sold by
Summer Wind Prop
Bought by
Widmann Michael R and Widmann Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,500
Interest Rate
5.64%
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
Estrada Jacqueline S $230,000 --
Widmann Michael R $292,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Estrada Jacqueline S $184,000
Previous Owner Widmann Michael R $196,500
Previous Owner Widmann Michael R $275,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2016 10/28/16 Sold $230,000 -7.6% $238 / Sq Ft
09/28/2016 09/28/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $249,000 -- $257 / 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 $2,805 $390,600 $0 $390,600
2024 $2,722 $390,600 $0 $390,600
2023 $2,609 $263,000 $0 $263,000
2022 $2,527 $263,000 $0 $263,000
2021 $2,454 $263,000 $0 $263,000
2020 $2,493 $242,500 $0 $242,500
2019 $2,493 $242,500 $0 $242,500
2018 $2,423 $242,500 $0 $242,500
2017 $3,215 $286,800 $0 $286,800
2016 $3,135 $286,800 $0 $286,800
2015 $3,060 $286,800 $0 $286,800
2014 $3,069 $254,500 $0 $254,500
Source: Public Records

Agents Affiliated with this Home

  • Lea Savas

    Seller's Agent in 2016

    Lea Savas

    Serhant Rhode Island

    (401) 580-4484

    2 in this area

    21 Total Sales

    Lea Savas
    Section Image
  • Annie Becker

    Buyer's Agent in 2016

    Annie Becker

    Lila Delman Real Estate

    (401) 855-1127

    6 in this area

    34 Total Sales

    Annie Becker
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1128738

State-Wide MLS

APN: NEWP-000006-000041-000001

Rhode Island Newport County Newport 02840

29 Gibbs Ave Unit 1, Newport, RI

This home is located at 29 Gibbs Ave Unit 1, Newport, RI 02840 since 13 June 2016 and is currently estimated at $539,400, approximately $557 per square foot. This property was built in 1850. 29 Gibbs Ave Unit 1 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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