RENTED AUG 16, 2025

397 Gibbs Ave Unit 1 Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $910,000 - $1,216,923

2 Beds
1.5 Baths
1,279 Sq Ft
$786/Sq Ft Est. Value

Highlights

  • Marina
  • Golf Course Community
  • Furnished
  • Water Views
  • Wood Flooring
  • Tennis Courts

About This Home

As of August 2025

Listed for comp purposes only. July & August 2026. 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.

Last Agent to Rent the Property

Kate Rooney

Gustave White Sotheby's Realty Brokerage Phone: 401-849-3000 License #RES.0040083 Listed on: 08/16/2025

Last Renter's Agent

Kate Rooney

Gustave White Sotheby's Realty Brokerage Phone: 401-849-3000 License #RES.0040083 Listed on: 08/16/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,315

Year Built

  • 1900

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,279 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Outdoor Grill

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating

Listing and Financial Details

  • Property Available on 7/1/26
  • Month-to-Month Lease Term
  • Assessor Parcel Number 397GIBBSAV1NEWP

Community Details

Overview

  • Property has a Home Owners Association
  • Eustis/Gibbs Subdivision

Amenities

  • Shops
  • Restaurant

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,315

Year Built

1900

Lot Details

0

Rental Info

  • Lease Term: Month To Month
  • Available Date: 2026-07-01
  • Security Deposit: 2000.0

Listing Details

  • Prop. Type: Residential Lease
  • Inclusions: Monthly cap of $400 on gas, water/sewer and electricity. Exit cleaning fee of $350. Tenant does not have use of the fireplace.
  • Subdivision Name: Eustis/Gibbs
  • Above Grade Finished Sq Ft: 1279.0
  • Building Name: Carrington House
  • Entry Level: 1
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Apartment
  • Attribution Contact: 401-849-3000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1900

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: First Floor Access
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tub Shower, Furnished
  • Living Area: 1279.0

Exterior Features

  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Exterior Features: Patio, Barbecue
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Public, Water Tap Fee

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No
  • HOA Rent Includes: Air Conditioning, Common Area Maintenance, Electricity, Gas, Heat, Hot Water, Internet, Laundry Facilities, Parking, Sewer, Trash Collection, Water
  • Association: Yes
  • Pets Allowed: No

Lot Info

  • Parcel #: 397GIBBSAV1NEWP

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
$1,005,731

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2025 08/16/25 Rented $16,000 +100.0% --
08/16/2025 08/16/25 For Rent $8,000 -61.9% --
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 -- --
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 $8,315 $957,000 $0 $957,000
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

    Landlord's Agent in 2025

    Kate Rooney

    Gustave White Sotheby's Realty

    (401) 636-7894

    1 in this area

    63 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

    83 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

    41 Total Sales

    Peter McLaughlin
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1392555

State-Wide MLS

APN: NEWP-000030-000042-000001

Rhode Island Newport County Newport 02840 Old Beach

397 Gibbs Ave Unit 1, Newport, RI

Not Listed for Sale

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