NOT LISTED FOR SALE

397 Gibbs Ave Unit B Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $734,000 - $828,459

2 Beds
1 Bath
901 Sq Ft
$870/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $665,000 $738 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,909/month

7 Days on Market

Highlights

  • Marina
  • Medical Services
  • Property is near public transit
  • Golf Course Community
  • Open Floorplan
  • Wood Flooring

About This Home

As of July 2022

Pride of ownership shines in this immaculate, well-kept home. This free-standing condominium sits in the rear of the Carrington House on a beautiful, scenic road, offering all the privacy and solitude one desires. Inside, the home offers two spacious bedrooms, one full bathroom, kitchen, dining area, ample closet space and a large, separated storage area in the basement with a washer and dryer. Located close to the Cliff Walk and walking distance to beaches, shopping, and dining. Welcome to summer 2022, your new home awaits!

Last Agent to Sell the Property

Joshua Lioce

Lioce Properties Group Listed on: 06/07/2022

Co-Listed By

Stacy Landucci Jones

LPT Realty - Lioce Properties Group

Last Buyer's Agent

Non Member

Non Member Office

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,727

Year Built

  • Built in 1900

Lot Details

  • Near Conservation Area
  • End Unit

HOA Fees

  • $309 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Shingle Roof
  • Stone

Interior Spaces

  • 901 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • 1 Fireplace
  • Storage
  • Laundry in Basement

Kitchen

  • Range
  • Microwave

Flooring

  • Wood
  • Stone
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Parking Spaces
  • Paved Parking
  • Guest Parking
  • Open Parking
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:030 B:0042 L:B,93795

Community Details

Overview

  • Association fees include insurance, ground maintenance, snow removal, trash
  • 10 Units
  • Carrington House Condominiums Community

Amenities

  • Medical Services
  • Common Area
  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,727

Year Built

Built in 1900

Lot Details

0

HOA Fees

$309 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Townhouse
  • Year Built: 1900
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood, Stone / Slate
  • Interior Amenities: Storage
  • Entry Location: Unit Placement(Walkout)
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range,Microwave,Refrigerator,Washer,Dryer, Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Ceiling Fan(s), Closet, Flooring - Hardwood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Ceiling Fan(s), Closet, Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Master Bathroom Features: No
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: First
  • Room Dining Room Features: Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Open Floorplan
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, In Basement, In Unit
  • Room Living Room Level: First
  • Room Living Room Features: Closet, Flooring - Stone/Ceramic Tile, Open Floorplan
  • Living Area: 901
  • Stories Total: 1
  • MAIN LO: BB5301
  • LIST PRICE PER Sq Ft: 776.8
  • PRICE PER Sq Ft: 738.07
  • MAIN SO: H11111

Exterior Features

  • Common Walls: End Unit
  • Construction Materials: Stone
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Deeded, Guest, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Gas Dryer, for Electric Dryer, Washer Hookup
  • Cooling: Window Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 309.01
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Golf, Medical Facility, Conservation Area, Marina, Private School, Public School
  • UNIT BUILDING: B
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Maintenance Grounds, Snow Removal, Trash

Lot Info

  • Parcel Number: M:030 B:0042 L:B,93795
  • Zoning: R20
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 339
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3727
  • Tax Book Number: 52

Multi Family

  • Number Of Units Total: 10
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 29, 2022
Sold by
Alves Robert A and Alves Phyllis M
Bought by
Michael J Sepe Rev Lt
Seller's Agent
Joshua Lioce
Lioce Properties Group
Buyer's Agent
Non Member
Non Member Office
List Price
$699,900
Sold Price
$665,000
Premium/Discount to List
-$34,900
-4.99%
Current Estimated Value
$783,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,615
Avg. Annual Appreciation
5.37%
Original Mortgage
$532,000
Outstanding Balance
$504,250
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$279,365

Purchase Details

Closed on
Nov 15, 1985
Bought by
Alves Robert A and Alves Phyllis M
Source: Public Records

Range of Values:

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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
Michael J Sepe Rev Lt $665,000 None Available
Alves Robert A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael J Sepe Rev Lt $532,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $665,000 -5.0% $738 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $699,900 -- $777 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $5,546 $638,300 $0 $638,300
2024 $4,449 $638,300 $0 $638,300
2023 $3,963 $399,500 $0 $399,500
2022 $3,839 $399,500 $0 $399,500
2021 $3,727 $399,500 $0 $399,500
2020 $3,826 $372,200 $0 $372,200
2019 $3,826 $372,200 $0 $372,200
2018 $3,718 $372,200 $0 $372,200
2017 $3,310 $295,300 $0 $295,300
2016 $3,228 $295,300 $0 $295,300
2015 $3,151 $295,300 $0 $295,300
2014 $3,540 $293,500 $0 $293,500
Source: Public Records

Agents Affiliated with this Home

  • Joshua Lioce

    Seller's Agent in 2022

    Joshua Lioce

    Lioce Properties Group

    (508) 422-9750

    1 in this area

    460 Total Sales

    Joshua Lioce
    Section Image
  • Stacy Landucci Jones

    Seller Co-Listing Agent in 2022

    Stacy Landucci Jones

    LPT Realty - Lioce Properties Group

    (617) 955-3904

    1 in this area

    36 Total Sales

    Stacy Landucci Jones
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    Non Member Office

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72993446

MLS Property Information Network (MLS PIN)

APN: NEWP-000030-000042-B000000

Rhode Island Newport County Newport 02840 Old Beach

397 Gibbs Ave Unit B, Newport, RI

This home is located at 397 Gibbs Ave Unit B, Newport, RI 02840 since 07 June 2022 and is currently estimated at $783,615, approximately $869 per square foot. This property was built in 1900. 397 Gibbs Ave Unit B 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.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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