145 Gibbs Ave Unit 147 Newport, RI 02840
Kay-Catherine NeighborhoodEstimated Value: $971,000 - $1,600,000
6
Beds
3
Baths
2,911
Sq Ft
$432/Sq Ft
Est. Value
Highlights
- Marina
- Wood Flooring
- Walking Distance to Water
- Deck
- Tennis Courts
- 3-minute walk to J Paul Braga Junior Memorial Field
About This Home
As of May 2022Welcome to 145-147 Gibbs Avenue. Whether you're an owner occupant or investor, this is a home you won't want to miss! Renovated down to the studs in 2018, this beautiful 2-family is completely turn key and a "crown jewel" amongst multi-family homes in Newport. Unit 1 is a first floor 2 bedroom, 1 bathroom apartment. Unit 2 is a townhouse style second and third floor apartment with 4 bedrooms and 2 full bathrooms as well as a bonus office space. Updates include newly renovated kitchens with granite countertops, stainless appliances (including a dishwasher in both units), center island with deep basin sink, white shaker cabinets and an open, inviting layout that's perfect for entertaining. All separate utilities including water, new high efficiency Navien gas heating systems, separate laundry for each apartment, hardwood floors throughout each unit, and updated bathrooms with tiled surrounds and modern vanities. New vinyl windows and cedar shingle siding in 2018. A French drain and sump pump were installed as well to keep the basement bone dry. The large driveway allows for 3 tandem parking spaces and a fully fenced backyard is perfect for your outdoor enjoyment. Located on the Kay Street side of Gibbs Avenue, this neighborhood has a quiet residential feel and is close to the beaches, Braga Park, Broadway, Bellevue and all that Newport has to offer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,755
Year Built
- Built in 1900
Lot Details
- 5,227 Sq Ft Lot
- Fenced
Home Design
- Wood Siding
- Shingle Siding
Interior Spaces
- 2,911 Sq Ft Home
- 3-Story Property
- Thermal Windows
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
Flooring
- Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- 3 Parking Spaces
- No Garage
- Driveway
Outdoor Features
- Walking Distance to Water
- Deck
- Porch
Location
- Property near a hospital
Utilities
- Window Unit Cooling System
- Central Heating
- Heating System Uses Gas
- Baseboard Heating
- Heating System Uses Steam
- 100 Amp Service
- Gas Water Heater
Listing and Financial Details
- Tax Lot 044
- Assessor Parcel Number 145147GIBBSAVNEWP
Community Details
Overview
- 2 Units
- Kay/Gibbs Subdivision
Amenities
- Shops
- Public Transportation
Recreation
- Marina
- Tennis Courts
- Recreation Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 20, 2019
Sold by
Reed Development Corp
Bought by
Reed Mackenzie C
Total Days on Market
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$353,834
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$865,896
Similar Homes in Newport, RI
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 |
|---|---|---|---|
| Reed Mackenzie C | $500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reed Mackenzie C | $100,000 | |
| Open | Reed Mackenzie C | $400,000 | |
| Previous Owner | Reed Development Corp | $400,000 | |
| Previous Owner | Bush Leon R | $10,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2022 05/03/22 | Sold | $1,305,000 | +8.8% | $448 / Sq Ft |
| 04/27/2022 04/27/22 | Pending | -- | -- | -- |
| 03/30/2022 03/30/22 | For Sale | $1,200,000 | -- | $412 / 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 |
|---|---|---|---|---|
| 2024 | $6,606 | $803,700 | $220,400 | $583,300 |
| 2023 | $5,056 | $509,700 | $155,800 | $353,900 |
| 2022 | $4,898 | $509,700 | $155,800 | $353,900 |
| 2021 | $4,756 | $509,700 | $155,800 | $353,900 |
| 2020 | $4,105 | $399,300 | $130,200 | $269,100 |
| 2019 | $4,105 | $399,300 | $130,200 | $269,100 |
| 2018 | $3,989 | $399,300 | $130,200 | $269,100 |
| 2017 | $3,591 | $320,300 | $100,200 | $220,100 |
| 2016 | $3,501 | $320,300 | $100,200 | $220,100 |
| 2015 | $3,418 | $320,300 | $100,200 | $220,100 |
| 2014 | $3,584 | $297,200 | $100,200 | $197,000 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Fitzpatrick
Seller's Agent in 2022
Joe Fitzpatrick
RE/MAX Results
(401) 835-2045
16 in this area
683 Total Sales
-
Morgan Hollenbeck
Buyer's Agent in 2022
Morgan Hollenbeck
Westcott Properties
(401) 212-6313
1 in this area
66 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1306320
APN: NEWP-000011-000000-000044
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