M
Seller's Agent in 2022
Michelle Kirby
Gustave White Sotheby's Realty
(401) 848-6714
3 in this area
53 Total Sales
124 Gibbs Ave Newport, RI 02840
Kay-Catherine NeighborhoodEstimated Value: $1,110,000 - $1,256,274
4
Beds
2
Baths
1,646
Sq Ft
$718/Sq Ft
Est. Value
Highlights
- Marina
- Colonial Architecture
- Wood Flooring
- Golf Course Community
- Deck
- 4-minute walk to J Paul Braga Junior Memorial Field
About This Home
As of December 2022Charming 4 Bedroom/2 Bath home has been extensively renovated inside & out. The American Four Square style provides comfortable space for a variety of needs and lifestyles. The rebuilt enclosed front porch welcomes you in. The entry foyer has beautiful stained-glass window, staircase to the 2nd level and opens to both the kitchen and living room. Living room has lovely window bay and a brick trimmed gas fireplace. The living room connects to the open dining area/kitchen and provides great flow for entertaining. Updated kitchen has Quartz countertops, stainless appliances including gas range, a Blanco Silgranit sink and a dining peninsula w/ space for bar stools. There is also an updated full bath on the 1st floor. There is hardwood flooring throughout both levels. Attic with lots of storage. The large deck overlooks the brick patio and yard. The second level has four bedrooms, each w/ closet & multiple windows. The updated bathroom has soaking tub/shower with tile surround and vanity sink with extra cabinet storage. There is a staircase to the attic which has a dormer and foam insulation providing the possibility of being finished. The deep basement provides space for laundry, utilities, storage, has direct outside access. The oversized garage has space for 2 cars, a work bench and has a staircase to 2nd floor storage area. There is a brick paved driveway with room for 3 cars. The central location provides easy access to the beach, shopping, many restaurants, bridge and base.
Last Agent to Sell the Property
Gustave White Sotheby's Realty License #RES.0019942 Listed on: 10/17/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,917
Year Built
- Built in 1940
Lot Details
- 6,098 Sq Ft Lot
- Corner Lot
- Property is zoned R10
Parking
- 2 Car Detached Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Cottage
- Block Foundation
- Shingle Siding
- Concrete Perimeter Foundation
- Plaster
Interior Spaces
- 1,646 Sq Ft Home
- 2-Story Property
- Skylights
- Fireplace Features Masonry
- Thermal Windows
- Workshop
- Storage Room
- Utility Room
- Permanent Attic Stairs
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Outdoor Features
- Walking Distance to Water
- Deck
- Patio
- Porch
Location
- Property near a hospital
Utilities
- Zoned Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 226
- Assessor Parcel Number 124GIBBSAVNEWP
Community Details
Overview
- Kay St/ Gibbs Ave Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 10, 2025
Sold by
Franey Meredith V and Franey Sean P
Bought by
Farney Ft and Farney
Current Estimated Value
Purchase Details
Listed on
Oct 17, 2022
Closed on
Dec 2, 2022
Sold by
Hallowell Phillips and Hallowell Cynthia J
Bought by
Varr Meredith A and Fracey Sean P
Seller's Agent
Michelle Kirby
Gustave White Sotheby's Realty
Buyer's Agent
Lea Savas
Edge Realty RI
List Price
$995,000
Sold Price
$1,025,000
Premium/Discount to List
$30,000
3.02%
Views
59
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$820,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Oct 19, 2021
Closed on
Oct 8, 2021
Sold by
Newport Dogie Llc
Bought by
Hallowell Phillips and Hallowell Cynthia
Seller's Agent
Tina Wiley
Gustave White Sotheby's Realty
Buyer's Agent
Rita Steele
Geo Properties, Inc.
Sold Price
$4,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.08%
Purchase Details
Closed on
Oct 1, 2002
Sold by
Reasoner Joseph G
Bought by
Mccarthy James C and Mccarthy Erin
Purchase Details
Closed on
Oct 16, 1998
Sold by
Thompson David M and Thompson Cory
Bought by
Reasoner Joseph G
Purchase Details
Closed on
Nov 24, 1997
Sold by
Cook Elisabeth A
Bought by
Thompson David M
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Farney Ft | -- | None Available | |
| Farney Ft | -- | None Available | |
| Varr Meredith A | $1,025,000 | None Available | |
| Varr Meredith A | $1,025,000 | None Available | |
| Hallowell Phillips | $900,000 | None Available | |
| Hallowell Phillips | $900,000 | None Available | |
| Mccarthy James C | $315,000 | -- | |
| Mccarthy James C | $315,000 | -- | |
| Reasoner Joseph G | $135,000 | -- | |
| Reasoner Joseph G | $135,000 | -- | |
| Thompson David M | $92,000 | -- | |
| Thompson David M | $92,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Varr Meredith A | $820,000 | |
| Previous Owner | Thompson David M | $351,000 | |
| Previous Owner | Thompson David M | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/05/2022 12/05/22 | Sold | $1,025,000 | +3.0% | $623 / Sq Ft |
| 10/17/2022 10/17/22 | For Sale | $995,000 | 0.0% | $604 / Sq Ft |
| 10/19/2021 10/19/21 | For Rent | $4,000 | 0.0% | -- |
| 10/19/2021 10/19/21 | Rented | $4,000 | 0.0% | -- |
| 10/15/2021 10/15/21 | Sold | $900,000 | +2.9% | $540 / Sq Ft |
| 09/15/2021 09/15/21 | Pending | -- | -- | -- |
| 09/01/2021 09/01/21 | For Sale | $875,000 | -- | $525 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $6,963 | $969,800 | $230,100 | $739,700 |
| 2024 | $6,624 | $950,400 | $230,100 | $720,300 |
| 2023 | $5,076 | $511,700 | $162,700 | $349,000 |
| 2022 | $4,917 | $511,700 | $162,700 | $349,000 |
| 2021 | $4,774 | $511,700 | $162,700 | $349,000 |
| 2020 | $4,120 | $400,800 | $135,200 | $265,600 |
| 2019 | $4,120 | $400,800 | $135,200 | $265,600 |
| 2018 | $4,004 | $400,800 | $135,200 | $265,600 |
| 2017 | $3,813 | $340,100 | $104,000 | $236,100 |
| 2016 | $3,717 | $340,100 | $104,000 | $236,100 |
| 2015 | $3,629 | $340,100 | $104,000 | $236,100 |
| 2014 | $3,995 | $331,300 | $104,000 | $227,300 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Kirby
-
Lea Savas
Buyer's Agent in 2022
Lea Savas
Edge Realty RI
(401) 580-4484
3 in this area
20 Total Sales
-
William Parker Sizeland
Seller's Agent in 2021
William Parker Sizeland
Lila Delman Compass
(401) 862-7428
5 in this area
85 Total Sales
-
Tina Wiley
Seller's Agent in 2021
Tina Wiley
Gustave White Sotheby's Realty
(401) 447-9609
1 in this area
51 Total Sales
-
R
Buyer's Agent in 2021
Rita Steele
Geo Properties, Inc.
-
R
Buyer's Agent in 2021
Rita Danielle Steele
Steele Realty Consultants LLC
Map
Source: State-Wide MLS
MLS Number: 1321900
APN: NEWP-000011-000000-000226
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