$1,790,000
SOLD SEP 26, 2024

246 Gibbs Ave Newport, RI 02840

Eustis-Easton's Pond Neighborhood
4 Beds
3.5 Baths
2,770 Sq Ft
4,845 Sq Ft Lot

Recently Sold

$646 Per Sq Ft

1% Below List Price

22 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Marble Flooring
  • Water Views
  • Deck
  • 2-minute walk to J Paul Braga Junior Memorial Field

About This Home

As of September 2024

Welcome to 246 Gibbs Ave! You will fall in love with the incredible proximity to everything Newport. 246 is just minutes from the Cliff Walk, First Beach, Bellevue Mansions, Tennis Hall of Fame, Farmers Market, The Wharf & downtown restaurants/shopping. The property has been extensively remodeled both inside & out, including Marvin windows, siding, roof, insulation, solar panels, central air, tankless hot water heater, furnace, whole house generator and much more. Before you come inside, take a few moments and enjoy the beauty of 246 while relaxing on the front porch. Attention to detail & charm are seen throughout this lovely home, including the original hardwood floors seen throughout the 3 floors and the extensive remodel. The chef's kitchen boasts a Bertazzoni gas range, electric wall oven, wine fridge & wet bar. The sellers did the heavy lifting & added a primary bathroom/walk in closet, renovated the second floor full bath and added a charming 3rd floor guest en-suite including rain sensor skylights. With all the hard work done, all that is left to do is enjoy the beauty of Newport and all it has to offer!

Last Agent to Sell the Property

Jennifer Holland

Edge Realty RI License #RES.0043385 Listed on: 07/29/2024

Last Buyer's Agent

Jennifer Holland

Edge Realty RI License #RES.0043385 Listed on: 07/29/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,656

Year Built

  • Built in 1920

Lot Details

  • 4,845 Sq Ft Lot
  • Security Fence
  • Corner Lot

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Bungalow
  • Combination Foundation
  • Block Foundation
  • Shingle Siding
  • Masonry

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Skylights
  • Gas Fireplace
  • Thermal Windows
  • Workshop
  • Storage Room
  • Utility Room
  • Water Views
  • Attic

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

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

Home Security

  • Storm Windows
  • Storm Doors

Eco-Friendly Details

  • Solar Water Heater
  • Solar Heating System

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Patio
  • Porch

Location

  • Property near a hospital

Utilities

  • Whole House Fan
  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Power Generator
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 198
  • Assessor Parcel Number 246GIBBSAVNEWP

Community Details

Overview

  • Gibbs Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,656

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1112
  • Subdivision Name: Gibbs
  • Above Grade Finished Sq Ft: 2660.0
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1920
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Solar Hot Water, Tankless Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 110.0
  • Door Features: Storm Door(s)
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Marble, Other
  • Interior Amenities: Attic, Wet Bar, Bathtub, Skylights, Stall Shower, Tub Shower
  • Living Area: 2770.0
  • Dining Room Type: Laundry, Storage Room, Utility Room, Workshop
  • Stories: 3
  • Window Features: Skylight(s), Storm Window(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced, Security
  • Lot Features: Corner Lot
  • View: Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Masonry, Other, Shingle Siding
  • Exterior Features: Deck, Porch, Patio, Paved Driveway
  • Foundation Details: Block, Combination
  • Patio And Porch Features: Deck, Patio, Porch

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage, Garage Door Opener
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Whole House Fan, Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas, Solar
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Generator
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4845.0
  • Parcel #: 246GIBBSAVNEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 7656.46
  • Tax Lot: 198
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2024
Closed on
Sep 20, 2024
Sold by
Lyons Edward L and Lyons Maricia K
Bought by
Lennox Frank and Lennox Linda
Seller's Agent
Jennifer Holland
Edge Realty RI
Buyer's Agent
Jennifer Holland
Edge Realty RI
List Price
$1,800,000
Sold Price
$1,790,000
Premium/Discount to List
-$10,000
-0.56%
Total Days on Market
22
Views
29
Current Estimated Value
$1,747,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,843
Avg. Annual Appreciation
-3.50%

Purchase Details

Closed on
May 28, 2010
Sold by
Greene Anne C
Bought by
Lyons Edward L and Lyons Marcia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $1,790,000 None Available
Warranty Deed $1,790,000 None Available
Deed $375,000 --
Deed $375,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $450,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $547,000 No Value Available
Previous Owner $544,000 No Value Available
Previous Owner $417,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2024 09/26/24 Sold $1,790,000 -0.6% $646 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
07/29/2024 07/29/24 For Sale $1,800,000 -- $650 / 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 $7,651 $1,097,700 $484,500 $613,200
2023 $7,209 $726,700 $319,000 $407,700
2022 $6,984 $726,700 $319,000 $407,700
2021 $6,780 $726,700 $319,000 $407,700
2020 $6,061 $589,600 $285,600 $304,000
2019 $6,061 $589,600 $285,600 $304,000
2018 $5,890 $589,600 $285,600 $304,000
2017 $5,515 $492,000 $219,700 $272,300
2016 $5,378 $492,000 $219,700 $272,300
2015 $5,250 $492,000 $219,700 $272,300
2014 $4,523 $375,000 $171,700 $203,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jennifer Holland

    Edge Realty RI

    (513) 746-9830

    2 in this area

    8 Total Sales

    Jennifer Holland
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1364412

State-Wide MLS

APN: NEWP-000020-000000-000198

Rhode Island Newport County Newport 02840 Eustis-Easton's Pond

246 Gibbs Ave, Newport, RI

This home is located at 246 Gibbs Ave, Newport, RI 02840 and is currently priced at $1,790,000, approximately $646 per square foot. This property was built in 1920. 246 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.

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.

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