NOT LISTED FOR SALE

397 Gibbs Ave Unit A Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $576,000 - $833,000

2 Beds
1 Bath
823 Sq Ft
$279/mo HOA Fee

Last Sold March 02, 2018

Last sale price $400,000 $486 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,472/month

102 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Tennis Courts
  • Beach Access
  • Attic
  • Skylights

About This Home

As of March 2018

Location Location Location! Prestigious Old Beach Road/Gibbs Avenue estate area near famous Cliff Walk and Easton’ Beach. Ideal for the buyer looking for a 2nd home or the buyer looking to downsize and could easily be converted for an accessible lifestyle. This lovely estate setting 2 bedrm condo could be your private sanctuary with mature gardens and trees surrounding the condo. Featuring one level living with private entry, hardwood floors, fresh interior paint and a large basement with laundry and storage. The outdoor space provides a garden sitting area and there is parking for 2 cars. This condo is in pristine move in condition. Located near Bellevue Avenue shopping, restaurants and museums it has all the Newport style you desire. We invite you to come see for yourself.

Last Agent to Sell the Property

M.T. and Thomas Team

Real Choices Real Estate Listed on: 10/20/2017

Last Buyer's Agent

Ryan Hazinakis

Keller Williams Coastal License #RES.0040457

Keller Williams Coastal

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,339

Year Built

  • Built in 1900

HOA Fees

  • $279 Monthly HOA Fees

Home Design

  • Combination Foundation
  • Block Foundation
  • Slab Foundation
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Masonry
  • Plaster

Interior Spaces

  • 823 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • 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 Oil
  • Baseboard Heating
  • Underground Utilities
  • 100 Amp Service
  • Tankless Water Heater
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for hot water
  • Tax Lot 042A
  • Assessor Parcel Number 397GibbsAVNEWP

Community Details

Overview

  • 10 Units
  • Old Beach Road Historic Subdivision

Amenities

  • Public Transportation

Recreation

  • Marina
  • Tennis Courts
  • Recreation Facilities

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,339

Year Built

Built in 1900

Lot Details

0

HOA Fees

$279 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Old Beach Road Historic
  • Above Grade Finished Sq Ft: 823.0
  • Building Name: Carrington House
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1900
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater, Water Heater, Washer
  • Owner Pays: Hot Water
  • Has Basement: Exterior Entry, Interior Entry, Partial, 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: Attic, Permanent Attic Stairs, Skylights, Tub Shower, Cable TV
  • Living Area: 823.0
  • Dining Room Type: Laundry
  • Stories: 1
  • Window Features: Skylight(s), Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Paved
  • Waterfront Features: Beach Access, Walk to Water
  • Construction Type: Plaster, Masonry, Shingle Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: Block, Combination, Concrete Perimeter, Slab

Garage/Parking

  • Parking Features: Assigned, No Garage
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected, Public Sewer
  • Utilities: Sewer Available, Sewer Connected, Underground Utilities
  • Water Source: Connected, Multiple Meters, Public

Condo/Co-op/Association

  • Community Features: Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Tennis Court(s), Sidewalks
  • Senior Community: No
  • Association Fee: 278.74
  • Association Fee Frequency: Monthly
  • Pets Allowed: Cats OK, Dogs OK, Size Limit, Yes
  • Common Interest: Condominium

Lot Info

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

Multi Family

  • Number Of Units In Community: 10

Tax Info

  • Tax Annual Amount: 3338.89
  • Tax Lot: 042A
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2018
Sold by
Sepe Michael J
Bought by
Michael J Sepe Ret
Current Estimated Value
$693,487
Source: Public Records

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Range of Values:

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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
Michael J Sepe Ret -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2018 03/02/18 Sold $400,000 -6.8% $486 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
10/20/2017 10/20/17 For Sale $429,000 +7.3% $521 / Sq Ft
08/07/2017 08/07/17 Sold $400,000 -5.9% $486 / Sq Ft
07/08/2017 07/08/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $425,000 0.0% $516 / Sq Ft
11/04/2016 11/04/16 Rented $1,600 +6.7% --
10/05/2016 10/05/16 Under Contract -- -- --
07/02/2016 07/02/16 For Rent $1,500 -57.1% --
05/17/2016 05/17/16 For Rent $3,500 0.0% --
05/17/2016 05/17/16 Rented $3,500 -- --
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
2024 $4,127 $592,100 $0 $592,100
2023 $3,656 $368,500 $0 $368,500
2022 $3,541 $368,500 $0 $368,500
2021 $3,438 $368,500 $0 $368,500
2020 $3,649 $355,000 $0 $355,000
2019 $3,649 $355,000 $0 $355,000
2018 $3,546 $355,000 $0 $355,000
2017 $3,150 $281,000 $0 $281,000
2016 $3,071 $281,000 $0 $281,000
2015 $2,998 $281,000 $0 $281,000
2014 $3,368 $279,300 $0 $279,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    M.T. and Thomas Team

    Real Choices Real Estate

    (401) 862-1282

    13 Total Sales

    Section Image
  • Ryan Hazinakis

    Buyer's Agent in 2018

    Ryan Hazinakis

    Keller Williams Coastal

    (401) 477-4251

    148 Total Sales

    Ryan Hazinakis
    Section Image
  • Holly Mclear

    Buyer's Agent in 2017

    Holly Mclear

    Hogan Associates Christie's

    (401) 855-0485

    44 Total Sales

    Holly Mclear
    Section Image

  • M

    Buyer's Agent in 2016

    Mary-Teresa Shadduck

  • Jessica Chase

    Buyer's Agent in 2016

    Jessica Chase

    Gustave White Sotheby's Realty

    (401) 864-3596

    4 in this area

    88 Total Sales

    Jessica Chase
    Section Image
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1176138

State-Wide MLS

APN: NEWP-000030-000042-A000000

Rhode Island Newport County Newport 02840 Old Beach

397 Gibbs Ave Unit A, Newport, RI

This home is located at 397 Gibbs Ave Unit A, Newport, RI 02840 since 20 October 2017 and is currently estimated at $693,487, approximately $842 per square foot. This property was built in 1900. 397 Gibbs Ave Unit A 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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