$584,873 - $1,063,000
RENTED NOV 18, 2024

2 Gibbs Ave Unit A Newport, RI 02840

3 Beds
2 Baths
1,763 Sq Ft
$421 Price per Sq Ft

Last Sold July 31, 2018

Last sale price $380,000 $216 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,462/month

About This Home

As of July 2018

NOVEMBER 1st YEARLY RENTAL. Adorable townhouse close to downtown Newport, the bridge and Navy base. Off street parking, fenced in backyard, three floors of living space - this is one you don't want to miss! Spacious first floor living with updated eat-in kitchen, bathroom and laundry. Second floor has two bedrooms with a full bathroom. Your third floor space is an opportunity for more living/entertaining space - or make it into a primary bedroom. Lots of living space and storage in this property. Available for a yearly lease! Tenant pays all utilities. One cat may be considered - condo rules.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2018
Closed on
Jul 31, 2018
Sold by
Cornell Thomas A and Cornell Patricia A
Bought by
Alley Ebon and Alley Kerri
Seller's Agent
Joe Fitzpatrick
RE/MAX Results
Buyer's Agent
John Long
HomeSmart Professionals
List Price
$400,000
Sold Price
$380,000
Premium/Discount to List
-$20,000
-5%
Current Estimated Value
$741,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,468
Avg. Annual Appreciation
10.25%
Original Mortgage
$213,000
Outstanding Balance
$136,041
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$605,427

Purchase Details

Closed on
Dec 18, 2007
Sold by
Harding Emily B
Bought by
Cornell Thomas and Cornell Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,400
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alley Ebon $380,000 --
Cornell Thomas $288,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alley Ebon $213,000
Previous Owner Cornell Thomas A $217,500
Previous Owner Cornell Thomas $234,100
Previous Owner Cornell Thomas $230,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Rented $2,700 -3.6% --
11/11/2024 11/11/24 Under Contract -- -- --
10/11/2024 10/11/24 For Rent $2,800 +5.7% --
06/29/2022 06/29/22 Rented $2,650 -5.4% --
05/27/2022 05/27/22 For Rent $2,800 0.0% --
05/23/2022 05/23/22 Under Contract -- -- --
04/19/2022 04/19/22 For Rent $2,800 +7.7% --
11/01/2021 11/01/21 Rented $2,600 0.0% --
10/02/2021 10/02/21 Under Contract -- -- --
09/10/2021 09/10/21 For Rent $2,600 +13.0% --
05/06/2020 05/06/20 Rented $2,300 -4.2% --
04/06/2020 04/06/20 Under Contract -- -- --
03/18/2020 03/18/20 For Rent $2,400 0.0% --
07/31/2018 07/31/18 Sold $380,000 -5.0% $216 / Sq Ft
07/01/2018 07/01/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $400,000 -- $227 / Sq Ft

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 $3,586 $436,200 $0 $436,200
2023 $2,883 $290,600 $0 $290,600
2022 $2,793 $290,600 $0 $290,600
2021 $2,711 $290,600 $0 $290,600
2020 $2,372 $230,700 $0 $230,700
2019 $2,372 $230,700 $0 $230,700
2018 $2,305 $230,700 $0 $230,700
2017 $2,685 $239,500 $0 $239,500
2016 $2,618 $239,500 $0 $239,500
2015 $2,555 $239,500 $0 $239,500
2014 $2,764 $229,200 $0 $229,200
Source: Public Records

Agents Affiliated with this Home

  • Hilary Marshall

    Seller's Agent in 2024

    Hilary Marshall

    RE/MAX Profnl. Newport, Inc.

    (401) 787-4354

    2 in this area

    15 Total Sales

    Hilary Marshall
    Section Image

  • S

    Buyer's Agent in 2024

    Susan Curran

    Warner Realty Group

    (508) 353-4957

    2 Total Sales

    Susan Curran
    Section Image
  • Joe Fitzpatrick

    Seller's Agent in 2022

    Joe Fitzpatrick

    RE/MAX Results

    (401) 835-2045

    64 in this area

    685 Total Sales

    Joe Fitzpatrick
    Section Image
  • Karin Jackson

    Buyer's Agent in 2022

    Karin Jackson

    Compass / Lila Delman Compass

    (401) 338-3771

    8 in this area

    160 Total Sales

    Karin Jackson
    Section Image
  • Julie Chalue

    Buyer's Agent in 2021

    Julie Chalue

    New England Properties

    (401) 641-0768

    1 in this area

    80 Total Sales

    Julie Chalue
    Section Image
  • John Long

    Buyer's Agent in 2018

    John Long

    HomeSmart Professionals

    (774) 451-2163

    3 in this area

    59 Total Sales

    John Long
    Section Image
See All Agents

Map

Rhode Island Newport County Newport 02840

2 Gibbs Ave Unit A, Newport, RI

This home is located at 2 Gibbs Ave Unit A, Newport, RI 02840 and is currently estimated at $741,468, approximately $420 per square foot. 2 Gibbs Ave Unit A 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes