NOT LISTED FOR SALE

261 Gibbs Ave Newport, RI 02840

Eustis-Easton's Pond Neighborhood

Estimated Value: $1,332,000 - $3,700,000

4 Beds
3.5 Baths
4,586 Sq Ft
$512/Sq Ft Est. Value

Last Sold June 10, 2020

Last sale price $870,000 $190 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $13,770/month

213 Days on Market

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 2020

This 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.

Last Agent to Sell the Property

Jason Saphire

www.HomeZu.com License #REB.0016418 Listed on: 10/10/2019

Last Buyer's Agent

Connor Dowd

Keller Williams Coastal License #B16208

Keller Williams Coastal

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,229

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3053
  • Above Grade Finished Sq Ft: 4586.0
  • Architectural Style: Historic/Antique
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1870
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Masonry
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Attic
  • Living Area: 4586.0
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Clapboard
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Unknown
  • Water Source: Multiple Meters

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13298.0
  • Parcel #: 261GIBBSAVNEWP
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 10229.0
  • Tax Lot: 014
  • Tax Year: 2020

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%
Current Estimated Value
$2,345,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,475,741
Avg. Annual Appreciation
21.47%
Original Mortgage
$600,000
Outstanding Balance
$537,690
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,808,051

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
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
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

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 $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

    1 in this area

    1,284 Total Sales

    Jason Saphire
    Section Image
  • Connor Dowd

    Buyer's Agent in 2020

    Connor Dowd

    Keller Williams Coastal

    (401) 864-4488

    8 in this area

    403 Total Sales

    Connor Dowd
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1238633

State-Wide MLS

APN: NEWP-000023-000000-000014

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

261 Gibbs Ave, Newport, RI

This home is located at 261 Gibbs Ave, Newport, RI 02840 since 10 October 2019 and is currently estimated at $2,345,741, approximately $511 per square foot. This property was built in 1870. 261 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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