$733,000 - $1,024,010
RENTED MAY 27, 2025

397 Gibbs Ave Unit CH Newport, RI 02840

Old Beach Neighborhood
2 Beds
1 Bath
1,019 Sq Ft
$871 Price per Sq Ft

Last Sold April 22, 2022

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

Est. 8% increase in value since last sale

Current estimated payment $5,406/month

About This Home

As of April 2022

YEARLY RENTAL STARTING JUNE 1, 2025 - Charming home tucked away on one of Newport's most picturesque and historic streets, this beautifully updated 2-bedroom, 1-bath carriage house offers a rare opportunity to live just blocks from Easton's Beach, Cliff Walk, and downtown. Set back from the road and surrounded by mature landscaping, the home feels like a private escape. Inside, you'll find soaring ceilings, oversized windows, and a thoughtfully designed layout that brings in plenty of natural light. Recent upgrades include brand new central air conditioning and heating, blending comfort with coastal charm. Outside, enjoy a lovely stone patio perfect for quiet mornings or outdoor dining and enjoy the gardens for peace and privacy. Updated luxury kitchen appliances and stunning cabinetry. Two off-street parking spots make coming and going a breeze. Whether you're looking to unwind by the beach, explore the city's historic charm, or simply settle into a cozy home near it all, this carriage house checks every box. Washer and Dryer in unit.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2023
Sold by
Ogonowski Caroline
Bought by
Caroline Ogonowski Ret
Current Estimated Value
$887,253

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
6.59%

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:

Collateral Analytics

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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
Blair-Kjerulff Holly $505,000 --
Kearney Kathleen $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
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 Change Sq Ft Price
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
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
07/24/2016 07/24/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $525,000 -- $515 / Sq Ft

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 $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

    Seller's Agent in 2025

    Homes With Hil Team

    RE/MAX Profnl. Newport, Inc.

    (401) 787-4354

    6 Total Sales

    Homes With Hil Team
    Section Image
  • Hilary Marshall

    Seller Co-Listing Agent in 2025

    Hilary Marshall

    RE/MAX Profnl. Newport, Inc.

    (401) 787-4354

    16 Total Sales

    Hilary Marshall
    Section Image

  • K

    Seller's Agent in 2022

    Kate Leonard

    Compass / Lila Delman Compass

    (401) 952-3461

    2 in this area

    37 Total Sales

    Kate Leonard
    Section Image
  • Adam Osetek

    Buyer's Agent in 2022

    Adam Osetek

    Compass / Lila Delman Compass

    (401) 744-2692

    1 in this area

    68 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

    30 Total Sales

    Jose Aguon
    Section Image
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Map

Rhode Island Newport County Newport 02840 Old Beach

397 Gibbs Ave Unit CH, Newport, RI

This home is located at 397 Gibbs Ave Unit CH, Newport, RI 02840 and is currently estimated at $887,253, approximately $870 per square foot. 397 Gibbs Ave Unit CH 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.

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