NOT LISTED FOR SALE

397 Gibbs Ave Unit CH Newport, RI 02840

Old Beach Neighborhood

Estimated Value: $773,000 - $1,080,690

2 Beds
1 Bath
1,019 Sq Ft
$901/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $820,000 $805 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,601/month

Highlights

  • Marina
  • Wooded Lot
  • Cathedral Ceiling
  • Golf Course Community
  • Marble Flooring
  • Tennis Courts

About This Home

As of May 2025

Privacy abounds in this charming freestanding in-town pied-a-terre within walking distance to 1st Beach, shops, and dining. Wonderful open floor plan with living room and fireplace, built-ins, cathedral ceilings, stainless appliances, and Aga stove.

Last Agent to Rent the Property

Homes With Hil Team

RE/MAX Profnl. Newport, Inc. Listed on: 04/15/2025

RE/MAX Profnl. Newport, Inc.

Co-Listed By

Hilary Marshall

RE/MAX Professionals License #RES.0043599

Last Renter's Agent

Homes With Hil Team

RE/MAX Profnl. Newport, Inc. Listed on: 04/15/2025

RE/MAX Profnl. Newport, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,962

Year Built

  • Built in 1900

Lot Details

  • Fenced
  • Wooded Lot

HOA Fees

  • Property has a Home Owners Association

Home Design

  • Entry on the 1st floor
  • Wood Siding
  • Clapboard

Interior Spaces

  • 1,019 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Skylights
  • Fireplace Features Masonry
  • Unfinished Basement
  • Dirt Floor
  • Storm Doors

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property near a hospital

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Property Available on 6/1/25
  • 12 Month Lease Term
  • Assessor Parcel Number 397GIBBSAVCHNEWP

Community Details

Overview

  • Gibbs / Old Beach Subdivision

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,962

Year Built

Built in 1900

Lot Details

0

HOA Fees

$269 per month

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2025-06-01
  • Security Deposit: 5000.0

Listing Details

  • Prop. Type: Residential Lease
  • Co List Office Mls Id: RMAX01
  • Co List Office Phone: 401-849-0100
  • Subdivision Name: Gibbs / Old Beach
  • Above Grade Finished Sq Ft: 1019.0
  • Architectural Style: Cabin
  • Building Name: Carrington House
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two, One
  • Building Stories: 1
  • Year Built: 1900
  • Pets No Pets Comments: Pets Negotiable
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Oil Water Heater, Range, Refrigerator, Range Hood, Water Heater, Washer
  • Has Basement: Dirt Floor, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Entry Location: First Floor Access,Private Entry
  • Fireplace Features: Masonry
  • Fireplace: Yes
  • Flooring: Hardwood, Marble
  • Interior Amenities: Cathedral Ceiling(s), High Ceilings, Skylights, Stall Shower, Vaulted Ceiling(s)
  • Living Area: 1019.0
  • Stories: 1
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Wooded
  • Waterfront Features: Walk to Water
  • Construction Type: Clapboard, Wood Siding
  • Exterior Features: Patio
  • Patio And Porch Features: Patio

Garage/Parking

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

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping, Tennis Court(s)
  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Gardener, Laundry Facilities, Parking, Snow Removal
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 397GIBBSAVCHNEWP
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2023
Sold by
Ogonowski Caroline
Bought by
Caroline Ogonowski Ret and Ogonowski
Current Estimated Value
$918,423

Purchase Details

Listed on
Mar 22, 2022
Closed on
Apr 22, 2022
Sold by
Kjerulff Holly B
Bought by
Ogonowski Caroline
Seller's Agent
Kate Leonard
Lila Delman Compass
Buyer's Agent
Adam Osetek
Compass
List Price
$775,000
Sold Price
$820,000
Premium/Discount to List
$45,000
5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.20%
Original Mortgage
$618,750
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 25, 2016
Closed on
Aug 22, 2016
Sold by
Kearney Kathleen
Bought by
Blair-Kjerulff Holly
Seller's Agent
Donald Desrosiers
Gustave White Sotheby's Realty
Buyer's Agent
Jose Aguon
Gustave White Sotheby's Realty
List Price
$525,000
Sold Price
$505,000
Premium/Discount to List
-$20,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%

Purchase Details

Closed on
Jun 30, 2004
Sold by
Seitz Karl and Seitz Kathryn
Bought by
Kearney Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
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

Purchase History

Date Buyer Sale Price Title Company
Caroline Ogonowski Ret -- None Available
Ogonowski Caroline $820,000 None Available
Blair-Kjerulff Holly $505,000 --
Kearney Kathleen $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ogonowski Caroline $618,750
Previous Owner Kearney Kathleen $338,000
Previous Owner Kearney Kathleen $42,000
Previous Owner Kearney Kathleen $262,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2025 11/24/25 Off Market $505,000 -- --
05/27/2025 05/27/25 Rented $5,000 0.0% --
04/15/2025 04/15/25 For Rent $5,000 +11.1% --
05/19/2024 05/19/24 Rented $4,500 -4.3% --
05/16/2024 05/16/24 Under Contract -- -- --
04/18/2024 04/18/24 For Rent $4,700 0.0% --
04/22/2022 04/22/22 Sold $820,000 +5.8% $805 / Sq Ft View Prior Sale
03/30/2022 03/30/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $775,000 +53.5% $761 / Sq Ft
08/23/2016 08/23/16 Sold $505,000 -3.8% $496 / Sq Ft View Prior Sale
07/24/2016 07/24/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $525,000 -- $515 / 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 $5,962 $830,300 $0 $830,300
2024 $5,787 $830,300 $0 $830,300
2023 $4,718 $475,600 $0 $475,600
2022 $4,571 $475,600 $0 $475,600
2021 $4,437 $475,600 $0 $475,600
2020 $4,875 $474,200 $0 $474,200
2019 $4,875 $474,200 $0 $474,200
2018 $4,737 $474,200 $0 $474,200
2017 $3,653 $325,900 $0 $325,900
2016 $3,562 $325,900 $0 $325,900
2015 $3,477 $325,900 $0 $325,900
2014 $3,907 $324,000 $0 $324,000
Source: Public Records

Agents Affiliated with this Home

  • H

    Landlord's Agent in 2025

    Homes With Hil Team

    RE/MAX Profnl. Newport, Inc.

    Section Image
  • Hilary Marshall

    Landlord's Co-Listing Agent in 2025

    Hilary Marshall

    RE/MAX Professionals

    (401) 787-4354

    19 Total Sales

    Hilary Marshall
    Section Image

  • K

    Seller's Agent in 2022

    Kate Leonard

    Lila Delman Compass

    (401) 952-3461

    2 in this area

    30 Total Sales

    Kate Leonard
    Section Image
  • Adam Osetek

    Buyer's Agent in 2022

    Adam Osetek

    Compass

    (401) 744-2692

    1 in this area

    67 Total Sales

    Adam Osetek
    Section Image

  • D

    Seller's Agent in 2016

    Donald Desrosiers

    Gustave White Sotheby's Realty

  • Jose Aguon

    Seller Co-Listing Agent in 2016

    Jose Aguon

    Gustave White Sotheby's Realty

    (401) 263-4168

    28 Total Sales

    Jose Aguon
    Section Image
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Map

Source: State-Wide MLS

MLS Number: 1382581

State-Wide MLS

APN: NEWP-000030-000042-C000000-H000000

Rhode Island Newport County Newport 02840 Old Beach

397 Gibbs Ave Unit CH, Newport, RI

Not Listed for Sale

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