$593,000 - $1,318,000
RENTED JUN 7, 2025

29 Gibbs Ave Unit 2 Newport, RI 02840

3 Beds
2 Baths
1,482 Sq Ft
$537 Price per Sq Ft

Last Sold July 24, 2018

Last sale price $345,000 $233 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $4,493/month

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • Cathedral Ceiling
  • Corner Lot
  • Window Unit Cooling System

About This Home

As of June 2025

Available June 1Come see this lovely 2-level townhouse on the border of Broadway and the desirable Gibbs/Bliss neighborhood. You will love the clean and spacious feel of this unit featuring original ornamental fireplaces, exposed beams and vaulted ceilings, and bright full eat-in kitchen with new appliances. Tandem off-street parking for two cars close to the common entrance in front or optional private side entrance off Gibbs with small mudroom. Conveniences include in-unit laundry with front-loading washer and dryer, tons of closets throughout the condo unit, plus private storage locker in the basement. Enjoy your private side-patio three seasons of the year or take a walk down Broadway to local restaurants. A short drive to the Naval Base, bridge, and downtown Newport! Owner-occupied building, quiet singles or couples preferred. Small dogs negotiable case-by-case. Unfurnished/year lease.

Last Agent to Rent the Property

Kelly Moran

William Raveis Inspire License #REB.0018812 Listed on: 05/13/2025

William Raveis Inspire

Last Renter's Agent

Kelly Moran

William Raveis Inspire License #REB.0018812 Listed on: 05/13/2025

William Raveis Inspire

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,295

Year Built

  • 1850

Home Design

  • Colonial Architecture
  • Entry on the 2nd floor
  • Wood Siding
  • Clapboard
  • Plaster

Interior Spaces

  • 1,482 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Storage Room

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Oil Water Heater

Listing and Financial Details

  • Property Available on 6/1/25
  • 12 Month Lease Term
  • Assessor Parcel Number 29GIBBSAV2NEWP

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Upper Broadway/Gibbs/Bliss Subdivision

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,295

Year Built

1850

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2025-06-01
  • Security Deposit: 3000.0

Listing Details

  • Prop. Type: Residential Lease
  • Inclusions: Owner occupied.
  • Subdivision Name: Upper Broadway/Gibbs/Bliss
  • Above Grade Finished Sq Ft: 1482.0
  • Architectural Style: Colonial
  • Building Name: Sycamore Gardens
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Townhouse
  • Pets No Pets Comments: Small Dogs (under 25 lbs.)
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses
  • Stories: 2
  • Year Built: 1850

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Washer
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: Private Entry,Second Floor Access
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cathedral Ceiling(s), High Ceilings, Tub Shower, Vaulted Ceiling(s)
  • Living Area: 1482.0
  • Dining Room Type: Storage Room
  • Stories: 2

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Plaster, Clapboard, Wood Siding

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Hot Water, Oil
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Gardener, Laundry Facilities, Parking, Trash Collection
  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 29GIBBSAV2NEWP

Multi Family

  • Number Of Units In Community: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2018
Closed on
Jul 24, 2018
Sold by
Castillo Michael O
Bought by
Lebaron Jeffrey T and Lebaron Margaret N
Seller's Agent
Scott McCoy
Better Living Real Estate, LLC
Buyer's Agent
Scott McCoy
List Price
$359,900
Sold Price
$345,000
Premium/Discount to List
-$14,900
-4.14%
Current Estimated Value
$795,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,692
Avg. Annual Appreciation
12.34%
Original Mortgage
$276,000
Outstanding Balance
$242,437
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$553,255

Purchase Details

Listed on
Apr 13, 2016
Closed on
Jun 28, 2017
Sold by
Savas Derek D
Bought by
Castillo Michael O
Seller's Agent
Lea Savas
Serhant Rhode Island
Buyer's Agent
Anthony Young
Coldwell Banker Realty
List Price
$339,000
Sold Price
$302,500
Premium/Discount to List
-$36,500
-10.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.07%
Original Mortgage
$212,500
Interest Rate
4.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2005
Sold by
Summer Wind Prop Llc
Bought by
Savas Derek D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
5.66%
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
Lebaron Jeffrey T $345,000 --
Castillo Michael O $302,500 --
Savas Derek D $342,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lebaron Jeffrey T $276,000
Previous Owner Castillo Michael O $212,500
Previous Owner Savas Derek D $274,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2025 06/07/25 Rented $3,000 0.0% --
05/30/2025 05/30/25 Under Contract -- -- --
05/13/2025 05/13/25 For Rent $3,000 +15.4% --
01/16/2023 01/16/23 Rented $2,600 0.0% --
12/17/2022 12/17/22 Under Contract -- -- --
11/30/2022 11/30/22 For Rent $2,600 +18.2% --
12/20/2020 12/20/20 For Rent $2,200 0.0% --
12/20/2020 12/20/20 Rented $2,200 0.0% --
07/24/2018 07/24/18 Sold $345,000 -4.1% $233 / Sq Ft
06/24/2018 06/24/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $359,900 +19.0% $243 / Sq Ft
06/28/2017 06/28/17 Sold $302,500 -10.8% $204 / Sq Ft
05/29/2017 05/29/17 Pending -- -- --
04/13/2016 04/13/16 For Sale $339,000 0.0% $229 / Sq Ft
05/22/2015 05/22/15 Rented $1,800 -10.0% --
04/22/2015 04/22/15 Under Contract -- -- --
04/20/2015 04/20/15 For Rent $2,000 +17.6% --
04/27/2014 04/27/14 Rented $1,700 -5.6% --
03/28/2014 03/28/14 Under Contract -- -- --
01/30/2014 01/30/14 For Rent $1,800 -- --
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
2025 $3,295 $458,900 $0 $458,900
2024 $3,199 $458,900 $0 $458,900
2023 $3,077 $310,200 $0 $310,200
2022 $2,981 $310,200 $0 $310,200
2021 $2,894 $310,200 $0 $310,200
2020 $2,965 $288,400 $0 $288,400
2019 $2,965 $288,400 $0 $288,400
2018 $2,881 $288,400 $0 $288,400
2017 $4,028 $359,300 $0 $359,300
2016 $3,927 $359,300 $0 $359,300
2015 $3,834 $359,300 $0 $359,300
2014 $3,850 $319,200 $0 $319,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1384898

State-Wide MLS

APN: NEWP-000006-000041-000002