NOT LISTED FOR SALE

397 Gibbs Ave Unit 5 Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $843,922 - $883,000

2 Beds
2 Baths
993 Sq Ft
$425/mo HOA Fee

Last Sold December 01, 2020

Last sale price $490,000 $493 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $5,541/month

29 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Wooded Lot
  • Water Views
  • Private Lot
  • Wood Flooring

About This Home

As of December 2020

Desirable Kay/Catherine Estate Area- renovated 2 bedroom 2 bath condo in the "Carrington House " Condominium Complex. The Second floor unit has an updated kitchen with new cabinets white quartz counters , new appliances and vented gas stove for cooking. Open Living room/ dining area with large bay windows. High ceilings and great light through out the unit. Master Bedroom has water views and private bath/shower. Large second bedroom and renovated bath room with tile and laundry area tucked in off the bath room. New carpet and wood floors. New heating system and hot water tank. Dedicated personal out door space for the unit . Two Designated parking spaces. Perfect Central Location. Walk everywhere! Steps to Easton's Beach, The Cliff Walk, Bellevue Ave restaurants and shops yet easy off the island. Minutes to the Naval Base as well. Private wooded lot on 2 acres.

Last Agent to Sell the Property

Edith Cushing

RE/MAX Profnl. Newport, Inc. License #REB.0017022 Listed on: 10/02/2020

RE/MAX Profnl. Newport, Inc.

Last Buyer's Agent

Kevan Campbell

Hogan Associates Christie's License #RES.0034444

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,732

Year Built

  • Built in 1900

Lot Details

  • Secluded Lot
  • Paved or Partially Paved Lot
  • Wooded Lot

HOA Fees

  • $425 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Wood Siding
  • Concrete Perimeter Foundation
  • Masonry
  • Plaster

Interior Spaces

  • 993 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Storage Room
  • Utility Room
  • Water Views

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • 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

Utilities

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

Additional Features

  • Walking Distance to Water
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 042
  • Assessor Parcel Number 397GIBBSAV5NEWP

Community Details

Overview

  • 10 Units
  • Kay/Catherine Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

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

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,732

Year Built

Built in 1900

Lot Details

0

HOA Fees

$425 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Kay/Catherine
  • Above Grade Finished Sq Ft: 993.0
  • Building Name: Carrington House
  • Entry Level: 2
  • 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: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: First Floor Access
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Interior Amenities: Tub Shower, Cable TV
  • Living Area: 993.0
  • Dining Room Type: Storage Room, Utility Room
  • Stories: 3
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Private, Paved, Secluded, Wooded
  • View: Saltwater, Water
  • View: Yes
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Masonry, Wood Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Concrete Perimeter

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: Gas, Hot Water
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • 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, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 425.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Call, Negotiable, Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 397GIBBSAV5NEWP
  • Zoning: R-20
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 10

Tax Info

  • Tax Annual Amount: 4732.0
  • Tax Lot: 042
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2023
Sold by
Cv Coastal Real Estate Ll
Bought by
Cv Gibbs Llc
Current Estimated Value
$860,481

Purchase Details

Closed on
Apr 15, 2023
Sold by
Susan J Thacker T J and Susan Thacker
Bought by
Cv Coastal Real Estate Ll

Purchase Details

Listed on
Oct 2, 2020
Closed on
Nov 27, 2020
Sold by
Deane Michelle L
Bought by
Susan J Thacker T J and Susan Thacker
Seller's Agent
Edith Cushing
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Kevan Campbell
Hogan Associates Christie's
List Price
$515,000
Sold Price
$490,000
Premium/Discount to List
-$25,000
-4.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.45%

Purchase Details

Closed on
Jan 28, 2011
Sold by
Kelnar Llc
Bought by
Deane Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,457
Interest Rate
4.73%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Cv Gibbs Llc -- None Available
Cv Coastal Real Estate Ll -- None Available
Susan J Thacker T J $490,000 None Available
Deane Michelle L $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deane Michelle L $273,457
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $490,000 -4.9% $493 / Sq Ft
11/01/2020 11/01/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $515,000 0.0% $519 / Sq Ft
04/15/2019 04/15/19 Rented $2,400 +4.3% --
03/16/2019 03/16/19 Under Contract -- -- --
03/09/2019 03/09/19 For Rent $2,300 +15.0% --
05/01/2017 05/01/17 Rented $2,000 -9.1% --
04/01/2017 04/01/17 Under Contract -- -- --
06/29/2016 06/29/16 For Rent $2,200 -73.8% --
08/02/2014 08/02/14 Rented $8,400 +100.0% --
07/03/2014 07/03/14 Under Contract -- -- --
05/02/2014 05/02/14 For Rent $4,200 -- --
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 $6,862 $789,700 $0 $789,700
2024 $6,491 $789,700 $0 $789,700
2023 $4,629 $466,600 $0 $466,600
2022 $4,484 $466,600 $0 $466,600
2021 $4,353 $466,600 $0 $466,600
2020 $4,733 $460,400 $0 $460,400
2019 $4,733 $460,400 $0 $460,400
2018 $4,599 $460,400 $0 $460,400
2017 $3,559 $317,500 $0 $317,500
2016 $3,470 $317,500 $0 $317,500
2015 $3,388 $317,500 $0 $317,500
2014 $4,389 $363,900 $0 $363,900
Source: Public Records

Agents Affiliated with this Home

  • Edith Cushing

    Seller's Agent in 2020

    Edith Cushing

    RE/MAX Profnl. Newport, Inc.

    (401) 862-7703

    3 in this area

    47 Total Sales

    Edith Cushing
    Section Image
  • Kevan Campbell

    Buyer's Agent in 2020

    Kevan Campbell

    Hogan Associates Christie's

    (401) 556-9563

    3 in this area

    76 Total Sales

    Kevan Campbell
    Section Image

  • M

    Buyer's Agent in 2017

    Michelle Blake

    RE/MAX Profnl. Newport, Inc.

    (401) 855-6205

    1 in this area

    7 Total Sales

    Michelle Blake
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1266433

State-Wide MLS

APN: NEWP-000030-000042-000005

Rhode Island Newport County Newport 02840 Old Beach

397 Gibbs Ave Unit 5, Newport, RI

This home is located at 397 Gibbs Ave Unit 5, Newport, RI 02840 since 02 October 2020 and is currently estimated at $860,481, approximately $866 per square foot. This property was built in 1900. 397 Gibbs Ave Unit 5 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.

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