$505,000
SOLD AUG 23, 2016 RENTED MAY 27, 2025

397 Gibbs Ave Unit CH Newport, RI 02840

Old Beach Neighborhood
2 Beds
1 Bath
1,019 Sq Ft
$269/mo HOA Fee

Recently Sold

$496 Per Sq Ft

4% Below List Price

59 Days on Market

Highlights

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

About This Home

As of April 2022

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 Sell the Property

Donald Desrosiers

Gustave White Sotheby's Realty License #RES.0030921 Listed on: 05/25/2016

Co-Listed By

Jose Aguon

Gustave White Sotheby's Realty License #RES.0030702

Gustave White Sotheby's Realty

Last Buyer's Agent

Jose Aguon

Gustave White Sotheby's Realty License #RES.0030702

Gustave White Sotheby's Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,477

Year Built

  • Built in 1900

Lot Details

  • Fenced
  • Wooded Lot

HOA Fees

  • $269 Monthly HOA Fees

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation
  • Clapboard
  • Plaster

Interior Spaces

  • 1,019 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Fireplace Features Masonry
  • Family Room
  • Dining Room
  • Den
  • Storage Room

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement

Home Security

Parking

  • 2 Parking Spaces
  • No Garage
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property near a hospital

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • 100 Amp Service
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 042
  • Assessor Parcel Number 397GIBBSAVCHNEWP

Community Details

Overview

  • 10 Units
  • Gibbs / Old Beach Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts

Pet Policy

  • Pets Allowed

Security

  • Storm Windows
  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,477

Year Built

Built in 1900

Lot Details

0

HOA Fees

$269 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: GUST
  • Co List Office Phone: 401-849-3000
  • Subdivision Name: GIBBS / OLD BEACH
  • Above Grade Finished Sq Ft: 1019.0
  • Building Name: CARRINGTON HOUSE
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built: 1900
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Oven, Oil Water Heater, Range, Refrigerator, Water Heater, Washer
  • Has Basement: Partial, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Entry Location: First Floor Access
  • Fireplace Features: Masonry
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Cathedral Ceiling(s), Cable TV
  • Living Area: 1019.0
  • Dining Room Type: Den, Dining Room, Family Room, Master Bedroom, Storage Room
  • Stories: 2
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Fenced
  • Lot Features: Wooded
  • Waterfront Features: Walk to Water
  • Construction Type: Drywall, Plaster, Clapboard, Wood Siding
  • Exterior Features: Patio
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Patio

Garage/Parking

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

Utilities

  • Laundry Features: In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Individual, Oil
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected, Multiple Meters

Condo/Co-op/Association

  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Shopping, Tennis Court(s)
  • Senior Community: No
  • Association Fee: 269.0
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Lot Info

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

Multi Family

  • Number Of Units In Community: 10

Tax Info

  • Tax Annual Amount: 3477.0
  • Tax Block: 0000
  • Tax Lot: 042
  • Tax Year: 2016

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
$926,230

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
6.52%

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

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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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $505,000 --
Deed $375,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $338,000 No Value Available
Previous Owner $42,000 No Value Available
Previous Owner $262,000 Purchase Money Mortgage
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
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 $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

    9 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

    Lila Delman Compass

    (401) 952-3461

    2 in this area

    36 Total Sales

    Kate Leonard
    Section Image
  • Adam Osetek

    Buyer's Agent in 2022

    Adam Osetek

    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
See All Agents

Map

Source: State-Wide MLS

MLS Number: 1126992

State-Wide MLS

APN: NEWP-000030-000042-C000000-H000000

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 priced at $505,000, approximately $495 per square foot. This property was built in 1900. 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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