NOT LISTED FOR SALE

97 Gibbs Ave Newport, RI 02840

Kay-Catherine Neighborhood

Estimated Value: $887,592 - $1,282,000

6 Beds
3 Baths
3,181 Sq Ft
$338/Sq Ft Est. Value

Last Sold October 19, 2012

Last sale price $404,500 $127 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $6,631/month

40 Days on Market

Highlights

  • Marina
  • Deck
  • Tennis Courts
  • Golf Course Community
  • Wood Flooring
  • Walking Distance to Water

About This Home

As of October 2012

Fire Code compliant 3 family home with detached 3 car garage on oversized lot. Excellent income property or owner occupied with income. Combine first 2 floors for owner. 3rd floor has seperate entrance.

Last Agent to Sell the Property

Sean McElroy

RE/MAX Profnl. Newport, Inc. License #REB.0017023 Listed on: 08/09/2012

RE/MAX Profnl. Newport, Inc.

Co-Listed By

Edith Cushing

RE/MAX Profnl. Newport, Inc. License #REB.0017022

Last Buyer's Agent

Lindsay Castergini

Lindsay Castergini Real Estate License #REC.0016864

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,815

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Fenced

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Wood Siding
  • Vinyl Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 3,181 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Storage Room
  • Unfinished Basement
  • Walk-Out Basement
  • Storm Doors

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Walking Distance to Water
  • Deck

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Baseboard Heating
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 133
  • Assessor Parcel Number 97GIBBSAVNEWP

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Kay / Bliss Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,815

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: RMAX
  • Co List Office Phone: 401-849-0100
  • Subdivision Name: KAY / BLISS
  • Above Grade Finished Sq Ft: 3181.0
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl, Wood
  • Living Area: 3181.0
  • Dining Room Type: Storage Room
  • Stories: 3
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Other

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Wood Siding, Clapboard, Vinyl Siding
  • Exterior Features: Deck, Paved Driveway
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6970.0
  • Parcel #: 97GIBBSAVNEWP
  • Zoning: R-10
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3815.0
  • Tax Lot: 133
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2022
Sold by
Bularzik Nicholas D
Bought by
Bularzik Nicholas D and Bularzik Sarah E
Total Days on Market
40
Current Estimated Value
$1,076,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,265
Outstanding Balance
$153,380
Interest Rate
2.62%
Mortgage Type
VA
Estimated Equity
$923,268

Purchase Details

Listed on
Aug 9, 2012
Closed on
Oct 19, 2012
Sold by
Mcelroy Sean and Cushing Mcelroy Edith
Bought by
Bularzik Nicholas D
Seller's Agent
Sean McElroy
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Lindsay Castergini
Lindsay Castergini Real Estate
List Price
$425,000
Sold Price
$404,500
Premium/Discount to List
-$20,500
-4.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.07%

Purchase Details

Closed on
Jan 28, 2005
Sold by
Estrella Charles
Bought by
Mcelroy Sean and Mcelroy Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,500
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2000
Sold by
Lane Ernest L and Lane Dorothy
Bought by
Estrella Charles T
Source: Public Records

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Range of Values:

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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
Bularzik Nicholas D -- Priority Title & Escrow Llc
Bularzik Nicholas D -- None Available
Bularzik Nicholas D -- --
Bularzik Nicholas D -- --
Mcelroy Sean $510,000 --
Mcelroy Sean $510,000 --
Estrella Charles T $185,000 --
Estrella Charles T $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bularzik Nicholas D $189,265
Closed Bularzik Nicholas D $189,265
Previous Owner Estrella Charles T $407,500
Previous Owner Estrella Charles T $135,717
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2012 10/19/12 Sold $404,500 -4.8% $127 / Sq Ft
09/19/2012 09/19/12 Pending -- -- --
08/09/2012 08/09/12 For Sale $425,000 -- $134 / 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
2024 $7,040 $856,400 $240,400 $616,000
2023 $5,513 $555,700 $169,900 $385,800
2022 $5,340 $555,700 $169,900 $385,800
2021 $5,185 $555,700 $169,900 $385,800
2020 $4,293 $417,600 $140,500 $277,100
2019 $4,293 $417,600 $140,500 $277,100
2018 $4,172 $417,600 $140,500 $277,100
2017 $4,492 $400,700 $108,100 $292,600
2016 $4,380 $400,700 $108,100 $292,600
2015 $4,275 $400,700 $108,100 $292,600
2014 $4,051 $335,900 $108,100 $227,800
Source: Public Records

Agents Affiliated with this Home

  • Sean McElroy

    Seller's Agent in 2012

    Sean McElroy

    RE/MAX Profnl. Newport, Inc.

    1 in this area

    15 Total Sales

    Sean McElroy
    Section Image
  • Edith Cushing

    Seller Co-Listing Agent in 2012

    Edith Cushing

    RE/MAX Profnl. Newport, Inc.

    (401) 862-7703

    5 in this area

    50 Total Sales

    Edith Cushing
    Section Image
  • Lindsay Castergini

    Buyer's Agent in 2012

    Lindsay Castergini

    Lindsay Castergini Real Estate

    (401) 683-8732

    1 in this area

    29 Total Sales

    Lindsay Castergini
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1023417

State-Wide MLS

APN: NEWP-000011-000000-000133

Rhode Island Newport County Newport 02840 Kay-Catherine

97 Gibbs Ave, Newport, RI

This home is located at 97 Gibbs Ave, Newport, RI 02840 since 09 August 2012 and is currently estimated at $1,076,648, approximately $338 per square foot. This property was built in 1900. 97 Gibbs Ave 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.

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