NOT LISTED FOR SALE

Estimated Value: $1,216,000 - $1,619,000

5 Beds
2 Baths
2,264 Sq Ft
$620/Sq Ft Est. Value

Last Sold September 13, 2024

Last sale price $1,370,000 $605 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,045/month

70 Days on Market

Highlights

  • 0.24 Acre Lot
  • Walking Distance to Water
  • Bungalow
  • Wood Flooring
  • Bathtub with Shower
  • Hot Water Heating System

About This Home

As of September 2024

Welcome to 54 Gibbs Ave! Located in the desirable Kay/Catherine neighborhood, you are just a short stroll to the beaches, mansions, Cliff Walk & Downtown restaurants/shopping. This well-appointed, turnkey home has been lovingly updated and maintained by the current owners since purchasing it in 1996. This home maintains many original details yet has undergone numerous recent updates including a brand-new custom designed kitchen in 2024. The large 10,400 square foot lot is hard to come by in the area and provides serenity and seclusion from the world as well as a home to a variety of song birds that frequent it. The property is actually comprised of three lots that were merged years ago however, with frontage on both Gibbs Ave and Findley Place and such a large developable footprint, this property provides a great array of future uses. In addition to the beautiful new kitchen, the first floor includes a spacious living room, formal dining room, a large walk in pantry, 2 bedrooms and a full bathroom. The second floor features 3 additional bedrooms, a full bathroom, and an office/6th sleeping space. Enjoy the summer month in your enormous private back yard and showering off from the beach in the outdoor shower and the winter months sitting by the working fireplace in the front living room. Off street parking for 2 could easily be expanded.

Last Agent to Sell the Property

Ben Willett

RE/MAX Results License #REB.0019095 Listed on: 07/04/2024

RE/MAX Results

Last Buyer's Agent

Joe Fitzpatrick

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,237

Year Built

  • Built in 1910

Lot Details

  • 10,400 Sq Ft Lot
  • Fenced

Home Design

  • Bungalow
  • Combination Foundation
  • Shingle Siding

Interior Spaces

  • 2,264 Sq Ft Home
  • 3-Story Property
  • Fireplace Features Masonry
  • Wood Flooring

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage

Outdoor Features

  • Walking Distance to Water

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • 200+ Amp Service
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 303
  • Assessor Parcel Number 54GIBBSAVNEWP

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,237

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2388
  • Above Grade Finished Sq Ft: 2264.0
  • Architectural Style: Bungalow
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1910
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Tub Shower
  • Living Area: 2264.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Multiple lots
  • Waterfront Features: Walk to Water
  • Construction Type: Shingle Siding
  • Foundation Details: Combination

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 200+ Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10400.0
  • Parcel #: 54GIBBSAVNEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 4237.0
  • Tax Lot: 303
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2024
Closed on
Sep 13, 2024
Sold by
Robbins David M and Rodriguez Solangl
Bought by
Finocchiaro Audrey and Lancaster Samuel
Seller's Agent
Ben Willett
Serhant Rhode Island
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$1,390,000
Sold Price
$1,370,000
Premium/Discount to List
-$20,000
-1.44%
Views
464
Current Estimated Value
$1,403,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,320
Avg. Annual Appreciation
2.34%
Original Mortgage
$1,096,000
Outstanding Balance
$1,084,275
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$319,045

Purchase Details

Closed on
Aug 29, 1996
Sold by
Edward James G and Lane Gloria C
Bought by
Robbins David M and Rodriguez Solangel
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
Finocchiaro Audrey $1,370,000 None Available
Finocchiaro Audrey $1,370,000 None Available
Robbins David M $135,000 --
Robbins David M $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finocchiaro Audrey $1,096,000
Closed Finocchiaro Audrey $1,096,000
Previous Owner Robbins David M $354,000
Previous Owner Robbins David M $382,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Sold $1,370,000 -1.4% $605 / Sq Ft
07/04/2024 07/04/24 For Sale $1,390,000 -- $614 / 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 $7,264 $836,000 $274,600 $561,400
2024 $4,234 $607,500 $274,600 $332,900
2023 $4,123 $415,600 $194,100 $221,500
2022 $3,994 $415,600 $194,100 $221,500
2021 $3,878 $415,600 $194,100 $221,500
2020 $3,984 $387,500 $157,000 $230,500
2019 $3,984 $387,500 $157,000 $230,500
2018 $3,871 $387,500 $157,000 $230,500
2017 $4,347 $387,800 $121,600 $266,200
2016 $4,239 $387,800 $121,600 $266,200
2015 $4,138 $387,800 $121,600 $266,200
2014 $3,860 $320,100 $121,600 $198,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1362877

State-Wide MLS

APN: NEWP-000011-000000-000303