NOT LISTED FOR SALE

397 Gibbs Ave Unit 4 Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $852,000 - $960,414

2 Beds
1.5 Baths
1,148 Sq Ft
$794/Sq Ft Est. Value

Last Sold October 11, 2024

Last sale price $810,000 $706 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,129/month

47 Days on Market

Highlights

  • Marina
  • Beach Access
  • Private Lot
  • Water Views
  • Golf Course Community
  • Wooded Lot

About This Home

As of October 2024

Condo living at its finest. Enjoy all Newport has to offer in this newly renovated condo in the gorgeous Carrington House Complex on Gibbs Avenue. This unit is located on the second floor with beautiful views of Easton Beach. The kitchen is new with stainless steel appliances and plenty of cabinet space. The open floor plan with combined dining room, family room and half bath, makes for a comfortable and spacious living area. Stunning new hardwood floors enhance the warmth and elegance throughout. On the second floor is a full bath, in unit laundry and two large sized bedrooms. The primary bedroom has views of the water and the gorgeous grounds. Plenty of closet space in both bedrooms as well as additional water views in the hallway. Both bathrooms have been thoughtfully updated, ensuring modern amenities and style. Parking is one designated parking spot, and one unassigned guest parking. For extra storage there is a large locked private storage area in the basement. Experience the best of coastal living with easy access to scenic beaches, charming local boutiques, and exquisite dining. Do not miss the opportunity to own this turnkey property.

Last Agent to Sell the Property

The Labonte Group

Residential Properties Ltd. Listed on: 08/20/2024

Residential Properties Ltd.

Last Buyer's Agent

Jessica Chase

Gustave White Sotheby's Realty License #RES.0040224

Gustave White Sotheby's Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,934

Year Built

  • Built in 1900

Lot Details

  • 1,148 Sq Ft Lot
  • Secluded Lot
  • Paved or Partially Paved Lot
  • Wooded Lot

HOA Fees

  • $719 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Masonry

Interior Spaces

  • 1,148 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • 1 Fireplace
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

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

Home Security

Parking

  • 2 Parking Spaces
  • No Garage
  • Driveway
  • Assigned Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water

Location

  • Property near a hospital

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 42-4
  • Assessor Parcel Number 397GIBBSAV4NEWP

Community Details

Overview

  • 10 Units
  • Gibbs/Old Beach Road Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

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

Pet Policy

  • Pets Allowed

Security

  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,934

Year Built

Built in 1900

Lot Details

0

HOA Fees

$719 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.0264
  • Subdivision Name: Gibbs/Old Beach Road
  • Above Grade Finished Sq Ft: 1148.0
  • Building Name: Carrington House
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two, Three Or More
  • New Construction: No
  • Building Stories: 3
  • Structure Type: Townhouse
  • Year Built: 1900
  • Property Sub Type Additional: Condominium
  • Pets No Pets Comments: Cats,Large Dogs (over 25 lbs.),Small Dogs (under 25 lbs.)
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Entry Location: Second Floor Access
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cathedral Ceiling(s), Tub Shower, Cable TV
  • Living Area: 1148.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Private, Paved, Secluded, Wooded
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Drywall, Masonry
  • Exterior Features: Paved Driveway
  • Foundation Details: See Remarks

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: Baseboard, Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 719.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Lot Info

  • Lot Size Sq Ft: 1148.0
  • Parcel #: 397GIBBSAV4NEWP
  • Zoning: R20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 10

Tax Info

  • Tax Annual Amount: 6934.41
  • Tax Lot: 42-4
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2023
Sold by
Oneill Elaine M
Bought by
397 Gibbs Avenue Llc
Current Estimated Value
$911,354

Purchase Details

Listed on
Apr 28, 2022
Closed on
Jun 2, 2022
Sold by
Vogiatzoglou Philip
Bought by
Oneill Elaine M
Seller's Agent
Sarah Kirwin Brady
Residential Properties Ltd.
Buyer's Agent
Chad Kritzas
HomeSmart Professionals
List Price
$639,000
Sold Price
$625,000
Premium/Discount to List
-$14,000
-2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.66%

Purchase Details

Listed on
Mar 30, 2012
Closed on
Jun 27, 2012
Sold by
Naar Albert R and Kelly Judith A
Bought by
Vogiatzoglou Phillip and Billboutis Sofia
Seller's Agent
Art Weber
BerkshireHathaway HomeServices
Buyer's Agent
Dorothy Kirwin
Libby Kirwin Real Estate
List Price
$299,000
Sold Price
$225,000
Premium/Discount to List
-$74,000
-24.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.72%

Purchase Details

Closed on
Mar 28, 1997
Sold by
Palmer Paul J
Bought by
Kelly Judith A and Naar Albert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
7.59%

Purchase Details

Closed on
Apr 28, 1989
Sold by
Alves Robert
Bought by
Lyon Yola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
10.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
397 Gibbs Avenue Llc -- None Available
Oneill Elaine M $625,000 None Available
Vogiatzoglou Phillip $225,000 --
Naar Albert R -- --
Kelly Judith A $119,000 --
Lyon Yola $114,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lyon Yola $69,000
Previous Owner Lyon Yola $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2024 10/11/24 Sold $810,000 -3.0% $706 / Sq Ft
10/06/2024 10/06/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $835,000 +33.6% $727 / Sq Ft
07/06/2022 07/06/22 Sold $625,000 -2.2% $544 / Sq Ft View Prior Sale
05/06/2022 05/06/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $639,000 +184.0% $557 / Sq Ft
06/27/2012 06/27/12 Sold $225,000 -24.7% $196 / Sq Ft View Prior Sale
05/28/2012 05/28/12 Pending -- -- --
03/30/2012 03/30/12 For Sale $299,000 -- $260 / 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 $7,329 $843,500 $0 $843,500
2024 $6,934 $843,500 $0 $843,500
2023 $4,929 $496,900 $0 $496,900
2022 $4,775 $496,900 $0 $496,900
2021 $4,636 $496,900 $0 $496,900
2020 $4,774 $464,400 $0 $464,400
2019 $4,774 $464,400 $0 $464,400
2018 $4,639 $464,400 $0 $464,400
2017 $3,745 $334,100 $0 $334,100
2016 $3,652 $334,100 $0 $334,100
2015 $3,565 $334,100 $0 $334,100
2014 $4,690 $388,900 $0 $388,900
Source: Public Records

Agents Affiliated with this Home

  • The Labonte Group

    Seller's Agent in 2024

    The Labonte Group

    Residential Properties Ltd.

    (860) 614-3510

    1 in this area

    14 Total Sales

    The Labonte Group
    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

  • S

    Seller's Agent in 2022

    Sarah Kirwin Brady

    Residential Properties Ltd.

    (401) 338-9881

    1 in this area

    17 Total Sales

    Sarah Kirwin Brady
    Section Image
  • Chad Kritzas

    Buyer's Agent in 2022

    Chad Kritzas

    HomeSmart Professionals

    (401) 474-5669

    7 in this area

    195 Total Sales

    Chad Kritzas
    Section Image

  • A

    Seller's Agent in 2012

    Art Weber

    BerkshireHathaway HomeServices

  • D

    Buyer's Agent in 2012

    Dorothy Kirwin

    Libby Kirwin Real Estate

See All Agents

Map

Source: State-Wide MLS

MLS Number: 1366590

State-Wide MLS

APN: NEWP-000030-000042-000004

Rhode Island Newport County Newport 02840 Old Beach

397 Gibbs Ave Unit 4, Newport, RI

Not Listed for Sale

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.

State-Wide MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Copyright © 2025 State-Wide MLS, Inc. All rights reserved.

Nearby Homes