$858,000 - $1,161,476
RENTED AUG 4, 2024

397 Gibbs Ave Unit 1 Newport, RI 02840

Old Beach Neighborhood
2 Beds
2 Baths
1,279 Sq Ft
$750 Price per Sq Ft

About This Home

AVAILABLE SUMMER 2025. Welcome to the this charming first-floor pied- -terre in the Carrington House estate, ideally located just steps away from the picturesque Cliff Walk and the serene Easton's Beach. This cozy abode features two bedrooms and one and a half baths, offering comfortable accommodation for residents and guests alike. The south-facing orientation ensures ample natural light throughout the day, creating a bright and inviting atmosphere. This delightful property offers the perfect blend of convenience and coastal charm. Monthly Rates: June $7k, July $8k, and August $8k.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2020
Sold by
Mitchell Numi C
Bought by
Numi C Mitchell Lt
Current Estimated Value
$958,619

Purchase Details

Closed on
Mar 2, 2018
Sold by
Edwards Mark D and Edwards Mary E
Bought by
Sepe Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2015
Sold by
Harris Elizabeth S
Bought by
Mitchell Numi C

Purchase Details

Closed on
Jan 17, 2003
Sold by
Lynch James
Bought by
Harris Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.18%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Numi C Mitchell Lt -- None Available
Sepe Michael J $400,000 --
Mitchell Numi C -- --
Harris Elizabeth $337,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sepe Michael J $320,000
Previous Owner Harris Elizabeth $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2024 08/04/24 Rented $21,000 +162.5% --
08/04/2024 08/04/24 For Rent $8,000 +14.3% --
05/16/2024 05/16/24 Rented $7,000 0.0% --
04/29/2024 04/29/24 For Rent $7,000 -12.5% --
03/10/2024 03/10/24 Rented $8,000 +14.3% --
02/14/2024 02/14/24 For Rent $7,000 +5.0% --
05/30/2023 05/30/23 Rented $6,667 +11.1% --
05/18/2023 05/18/23 For Rent $6,000 +160.9% --
03/23/2017 03/23/17 Rented $2,300 0.0% --
02/21/2017 02/21/17 Under Contract -- -- --
01/27/2017 01/27/17 For Rent $2,300 0.0% --
02/01/2016 02/01/16 Rented $2,300 -90.0% --
01/02/2016 01/02/16 Under Contract -- -- --
10/01/2015 10/01/15 For Rent $23,000 -- --

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 $6,670 $957,000 $0 $957,000
2023 $5,577 $562,200 $0 $562,200
2022 $5,403 $562,200 $0 $562,200
2021 $5,245 $562,200 $0 $562,200
2020 $5,735 $557,900 $0 $557,900
2019 $5,735 $557,900 $0 $557,900
2018 $5,573 $557,900 $0 $557,900
2017 $4,317 $385,100 $0 $385,100
2016 $4,209 $385,100 $0 $385,100
2015 $4,109 $385,100 $0 $385,100
2014 $5,321 $441,200 $0 $441,200
Source: Public Records

Agents Affiliated with this Home

  • Kate Rooney

    Seller's Agent in 2024

    Kate Rooney

    Gustave White Sotheby's Realty

    (401) 636-7894

    64 Total Sales

    Kate Rooney
    Section Image
  • Jessica Chase

    Buyer's Agent in 2024

    Jessica Chase

    Gustave White Sotheby's Realty

    (401) 864-3596

    4 in this area

    88 Total Sales

    Jessica Chase
    Section Image

  • P

    Seller's Agent in 2023

    Paige Goudey

    Hogan Associates Christie's

    (646) 285-8597

    6 Total Sales

    Paige Goudey
    Section Image
  • Peter McLaughlin

    Seller's Agent in 2017

    Peter McLaughlin

    WATERFRONT PROPERTIES

    (401) 792-0611

    39 Total Sales

    Peter McLaughlin
    Section Image
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Map

Rhode Island Newport County Newport 02840 Old Beach

397 Gibbs Ave Unit 1, Newport, RI

This home is located at 397 Gibbs Ave Unit 1, Newport, RI 02840 and is currently estimated at $958,619, approximately $749 per square foot. 397 Gibbs Ave Unit 1 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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