NOT LISTED FOR SALE

353 Gibbs Ave Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $2,070,250 - $2,624,000

3 Beds
2 Baths
2,051 Sq Ft
$1,153/Sq Ft Est. Value

Last Sold April 21, 2017

Last sale price $1,032,500 $503 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $13,536/month

238 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Cathedral Ceiling
  • Water Views
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of April 2017

Steps to Cliff Walk & a short walk to town. Stylish and gracious contemporary with open floor plan. Meticulously renovated with new windows, baths and kitchen. Soaring fireplace in two rooms. Fabulous gardens and outdoor space with mature specimens.

Last Agent to Sell the Property

Kathleen Greenman

Gustave White Sotheby's Realty License #RES.0014874 Listed on: 07/26/2016

Gustave White Sotheby's Realty

Last Buyer's Agent

Tina Wiley

Gustave White Sotheby's Realty License #RES.0033933

Gustave White Sotheby's Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,734

Year Built

  • Built in 1979

Lot Details

  • 0.46 Acre Lot
  • Property is zoned R-20

Home Design

  • Contemporary Architecture
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 2,051 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • 2 Fireplaces
  • Fireplace Features Masonry
  • Thermal Windows
  • Water Views
  • Storm Doors

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Cedar Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 160 / 160
  • Assessor Parcel Number 353GIBBSAVNEWP

Community Details

Overview

  • Kay/Catherine/Cliff Walk Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,734

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.4649
  • Subdivision Name: KAY/CATHERINE/CLIFF WALK
  • Above Grade Finished Sq Ft: 2051.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1979
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Oven, Range, Range Hood, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: Masonry
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood
  • Interior Amenities: Cedar Closet(s), Cathedral Ceiling(s), Skylights, Cable TV
  • Living Area: 2051.0
  • Stories: 2
  • Window Features: Skylight(s), Thermal Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard
  • Exterior Features: Patio, Paved Driveway
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 200+ Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20250.0
  • Parcel #: 353GIBBSAVNEWP
  • Zoning: R-20
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 8734.16
  • Tax Block: 160
  • Tax Lot: 160
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2016
Closed on
Apr 24, 2017
Sold by
Ritchie Larry J
Bought by
Quinn John F and Quinn Marilyn
Seller's Agent
Kathleen Greenman
Gustave White Sotheby's Realty
Buyer's Agent
Tina Wiley
Gustave White Sotheby's Realty
List Price
$1,200,000
Sold Price
$1,032,500
Premium/Discount to List
-$167,500
-13.96%
Current Estimated Value
$2,365,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,333,313
Avg. Annual Appreciation
10.08%

Purchase Details

Closed on
Jun 30, 2005
Sold by
Raimondo Robert
Bought by
Ritchie Larry J and Ritchie Joyce H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Quinn John F $1,032,500 --
Ritchie Larry J $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ritchie Larry J $426,600
Previous Owner Ritchie Larry J $445,800
Previous Owner Ritchie Larry J $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2017 04/21/17 Sold $1,032,500 -14.0% $503 / Sq Ft
03/22/2017 03/22/17 Pending -- -- --
07/26/2016 07/26/16 For Sale $1,200,000 -- $585 / 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
2025 $12,945 $1,802,900 $842,800 $960,100
2024 $12,566 $1,802,900 $842,800 $960,100
2023 $11,375 $1,146,700 $523,500 $623,200
2022 $11,020 $1,146,700 $523,500 $623,200
2021 $10,699 $1,146,700 $523,500 $623,200
2020 $9,935 $966,400 $526,100 $440,300
2019 $9,935 $966,400 $526,100 $440,300
2018 $9,654 $966,400 $526,100 $440,300
2017 $8,958 $799,100 $424,500 $374,600
2016 $8,734 $799,100 $424,500 $374,600
2015 $8,526 $799,100 $424,500 $374,600
2014 $8,043 $666,900 $369,100 $297,800
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Greenman

    Seller's Agent in 2017

    Kathleen Greenman

    Gustave White Sotheby's Realty

    (401) 848-6727

    3 in this area

    73 Total Sales

    Kathleen Greenman
    Section Image
  • Tina Wiley

    Buyer's Agent in 2017

    Tina Wiley

    Gustave White Sotheby's Realty

    (401) 447-9609

    4 in this area

    52 Total Sales

    Tina Wiley
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1132556

State-Wide MLS

APN: NEWP-000023-000000-000160

Rhode Island Newport County Newport 02840 Old Beach

353 Gibbs Ave, Newport, RI

Not Listed for Sale

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