261 Gibbs Ave Newport, RI 02840
Eustis-Easton's Pond NeighborhoodEstimated Value: $1,464,000 - $1,900,721
4
Beds
3.5
Baths
4,586
Sq Ft
$363/Sq Ft
Est. Value
Highlights
- 0.31 Acre Lot
- Wood Flooring
- 4 Fireplaces
- Antique Architecture
- Attic
- 2-minute walk to J Paul Braga Junior Memorial Field
About This Home
As of June 2020This house is selling for only $206/sqft, an amazing deal for this prestigious neighborhood. Freshly painted, you could move in as is, with some finishing work to be done. Otherwise the option is to renovate the kitchen and baths, and make this house shine again. At almost $200/sqft, you have plenty of options. Remember, this doesn't even take into account that this property has one of the biggest carriage houses in the area! Its that simple. Do the math, one of the best investments/home values you will find in Newport. This 4500 + square foot house located in the charming Gibbs Ave area, is ready for your vision and attention. Currently a single family, this classic property awaits your renovation and design ideas. Consisting of 4-5 bedrooms bedrooms, and 3.5 bathrooms, this house has tons of living space. A finished attic adds to the spacious living area, and includes one of the full bathrooms, and could offer that extra bedroom if needed. Much of the house has it's original charm. A large Carriage house offers plenty of storage, along with potential apartment options.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,229
Year Built
- Built in 1870
Lot Details
- 0.31 Acre Lot
Home Design
- Antique Architecture
- Stone Foundation
- Clapboard
Interior Spaces
- 4,586 Sq Ft Home
- 3-Story Property
- 4 Fireplaces
- Fireplace Features Masonry
- Wood Flooring
- Attic
Bedrooms and Bathrooms
- 4 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 3 Parking Spaces
- No Garage
Utilities
- No Cooling
- Heating System Uses Oil
- Heating System Uses Steam
- 220 Volts
- Electric Water Heater
Listing and Financial Details
- Tax Lot 014
- Assessor Parcel Number 261GIBBSAVNEWP
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2019
Closed on
Jun 2, 2020
Sold by
Smith Bryn
Bought by
Robertson Christopher J and Robertson Valerie G
Seller's Agent
Jason Saphire
www.HomeZu.com
Buyer's Agent
Connor Dowd
Keller Williams Coastal
List Price
$975,000
Sold Price
$870,000
Premium/Discount to List
-$105,000
-10.77%
Total Days on Market
213
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$796,430
Avg. Annual Appreciation
14.03%
Original Mortgage
$600,000
Outstanding Balance
$537,690
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,128,740
Purchase Details
Closed on
Mar 25, 2019
Sold by
Hsbc Bank Usa Na
Bought by
Smith Bryn
Purchase Details
Closed on
Jan 17, 2019
Sold by
Merrill Lynch Mortgage
Bought by
Hsbc Bank Usa Na
Purchase Details
Closed on
Oct 26, 2005
Sold by
Tonelli John
Bought by
Dcady Molly Durant
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
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
Similar Homes in Newport, RI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Robertson Christopher J | $870,000 | None Available | |
| Smith Bryn | $700,350 | -- | |
| Hsbc Bank Usa Na | $1,137,961 | -- | |
| Dcady Molly Durant | $775,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Robertson Christopher J | $600,000 | |
| Previous Owner | Smith Bryn | $600,000 | |
| Previous Owner | Morrison Catherine R | $620,000 | |
| Previous Owner | Morrison Catherine R | $116,250 | |
| Previous Owner | Morrison Catherine R | $585,000 | |
| Previous Owner | Morrison Catherine R | $202,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2020 06/10/20 | Sold | $870,000 | -10.8% | $190 / Sq Ft |
| 05/11/2020 05/11/20 | Pending | -- | -- | -- |
| 10/10/2019 10/10/19 | For Sale | $975,000 | -- | $213 / 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 | $9,778 | $1,402,800 | $706,100 | $696,700 |
| 2023 | $8,758 | $882,900 | $438,600 | $444,300 |
| 2022 | $8,485 | $882,900 | $438,600 | $444,300 |
| 2021 | $8,237 | $882,900 | $438,600 | $444,300 |
| 2020 | $10,230 | $995,100 | $413,700 | $581,400 |
| 2019 | $10,230 | $995,100 | $413,700 | $581,400 |
| 2018 | $9,941 | $995,100 | $413,700 | $581,400 |
| 2017 | $7,626 | $680,300 | $318,200 | $362,100 |
| 2016 | $7,436 | $680,300 | $318,200 | $362,100 |
| 2015 | $7,259 | $680,300 | $318,200 | $362,100 |
| 2014 | $7,503 | $622,100 | $276,700 | $345,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Saphire
Seller's Agent in 2020
Jason Saphire
www.HomeZu.com
(877) 249-5478
2 in this area
1,349 Total Sales
-
Connor Dowd
Buyer's Agent in 2020
Connor Dowd
Keller Williams Coastal
(401) 864-4488
9 in this area
409 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1238633
APN: NEWP-000023-000000-000014
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