NOT LISTED FOR SALE

29 Gibbs Ave Unit 1 Newport, RI 02840

Estimated Value: $494,000 - $645,000

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. 134% increase in value since last sale

Current estimated payment $3,311/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
$538,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,202
Avg. Annual Appreciation
9.82%
Original Mortgage
$184,000
Outstanding Balance
$148,092
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$390,110

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 List to Sale Price per Sq Ft
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

    19 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

    32 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

Not Listed for Sale

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