NOT LISTED FOR SALE

360 Gibbs Ave Unit 3 Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $604,965 - $668,000

2 Beds
1 Bath
804 Sq Ft
$479/mo HOA Fee

Last Sold July 03, 2020

Last sale price $420,000 $522 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,117/month

102 Days on Market

Highlights

  • Beach Access
  • Corner Lot
  • Balcony
  • Wood Flooring
  • Recreation Facilities
  • Storm Windows

About This Home

As of July 2020

One can enter this condominium from its private side entrance with its own stoop and foyer or the main entrance. If you use the side door which accesses a handsome foyer with classic black and white tiles, you walk into the open living dining room space with 12 foot high ceilings, three large windows that stream sunlight and handsome oak floors. Built in book cases help define the living room as well. This condominium complex called Daleswell was built around 1890 as a private residence and this unit has been in the same family since converted into nine individual residences. This stucco clad structure with a slate roof sits high overlooks an acre lot that is surrounded by its original stone wall. Nestled in one corner of the property is a handsome Tuscan stone gazebo that is near a wrought iron gate that opens onto Old Beach Road for easy access to the "Moat" and the Beaches beyond. This unit has a 300 foot private deck overlooking First Beach and the steeple of St. George’s School beyond that at night is illuminated and adds drama to the evening light. Directly from your unit you can get into the basement to grab your bicycle or beach chairs. Pets are not allowed. This two bedroom home awaits a new family to enjoy and create memories for years to come.

Last Agent to Sell the Property

Michelle Drum

Gustave White Sotheby's Realty License #REB.0013061 Listed on: 02/21/2020

Gustave White Sotheby's Realty

Last Buyer's Agent

Karen LeBlanc

Coldwell Banker Realty License #RES.0033480

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,270

Year Built

  • Built in 1900

HOA Fees

  • $479 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Foundation
  • Stone Foundation
  • Masonry

Interior Spaces

  • 804 Sq Ft Home
  • 3-Story Property
  • Storage Room

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

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

Home Security

Parking

  • 1 Parking Space
  • No Garage
  • Assigned Parking

Outdoor Features

  • Beach Access
  • Water Access
  • Walking Distance to Water
  • Balcony

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Heating System Uses Steam
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 94
  • Assessor Parcel Number 360GIBBSAV3NEWP

Community Details

Overview

  • 9 Units
  • First Beach Subdivision

Amenities

  • Public Transportation

Recreation

  • Recreation Facilities

Pet Policy

  • No Pets Allowed

Security

  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,270

Year Built

Built in 1900

Lot Details

0

HOA Fees

$479 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: First Beach
  • Above Grade Finished Sq Ft: 804.0
  • Building Name: Daleswell
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1900
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Entry Location: First Floor Access,Private Entry
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Bathtub
  • Living Area: 804.0
  • Dining Room Type: Storage Room
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Construction Type: Drywall, Masonry
  • Exterior Features: Balcony
  • Foundation Details: Brick/Mortar, Stone
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 1.0

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Gas, Hot Water, Individual
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Public Transportation, Recreation Area
  • Senior Community: No
  • Association Fee: 479.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: No
  • Common Interest: Condominium

Lot Info

  • Parcel #: 360GIBBSAV3NEWP
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 9

Tax Info

  • Tax Annual Amount: 3269.88
  • Tax Lot: 94
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2020
Closed on
Jul 1, 2020
Sold by
Smith Diane Z
Bought by
Benton Pamela J
Seller's Agent
Michelle Drum
Gustave White Sotheby's Realty
Buyer's Agent
Karen LeBlanc
Coldwell Banker Realty
List Price
$439,000
Sold Price
$420,000
Premium/Discount to List
-$19,000
-4.33%
Current Estimated Value
$625,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,241
Avg. Annual Appreciation
7.48%

Purchase Details

Closed on
Jun 13, 1985
Bought by
Smith Diane Z
Source: Public Records

Range of Values:

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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
Benton Pamela J $420,000 None Available
Smith Diane Z -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2020 07/03/20 Sold $420,000 -4.3% $522 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
02/21/2020 02/21/20 For Sale $439,000 -- $546 / 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 $4,037 $562,200 $0 $562,200
2024 $3,919 $562,200 $0 $562,200
2023 $3,838 $386,900 $0 $386,900
2022 $3,718 $386,900 $0 $386,900
2021 $3,610 $386,900 $0 $386,900
2020 $3,259 $317,000 $0 $317,000
2019 $3,259 $317,000 $0 $317,000
2018 $3,167 $317,000 $0 $317,000
2017 $3,554 $317,000 $0 $317,000
2016 $3,465 $317,000 $0 $317,000
2015 $3,382 $317,000 $0 $317,000
2014 $3,392 $281,300 $0 $281,300
Source: Public Records

Agents Affiliated with this Home

  • Michelle Drum

    Seller's Agent in 2020

    Michelle Drum

    Gustave White Sotheby's Realty

    (401) 265-3423

    4 in this area

    71 Total Sales

    Michelle Drum
    Section Image
  • Karen LeBlanc

    Buyer's Agent in 2020

    Karen LeBlanc

    Coldwell Banker Realty

    (401) 533-4888

    53 Total Sales

    Karen LeBlanc
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1247837

State-Wide MLS

APN: NEWP-000023-000094-000003

Rhode Island Newport County Newport 02840 Old Beach

360 Gibbs Ave Unit 3, Newport, RI

This home is located at 360 Gibbs Ave Unit 3, Newport, RI 02840 since 21 February 2020 and is currently estimated at $625,241, approximately $777 per square foot. This property was built in 1900. 360 Gibbs Ave Unit 3 is a home located in Newport County with nearby schools including Rogers High School, St Michael's Country Day School, and St George's School.

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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