54 Gibbs Ave Newport, RI 02840
Kay-Catherine Neighborhood
5
Beds
2
Baths
2,264
Sq Ft
10,400
Sq Ft Lot
Highlights
- 0.24 Acre Lot
- Walking Distance to Water
- Bungalow
- Wood Flooring
- Bathtub with Shower
- Heating System Uses Steam
About This Home
As of September 2024Welcome to 54 Gibbs Ave! Located in the desirable Kay/Catherine neighborhood, you are just a short stroll to the beaches, mansions, Cliff Walk & Downtown restaurants/shopping. This well-appointed, turnkey home has been lovingly updated and maintained by the current owners since purchasing it in 1996. This home maintains many original details yet has undergone numerous recent updates including a brand-new custom designed kitchen in 2024. The large 10,400 square foot lot is hard to come by in the area and provides serenity and seclusion from the world as well as a home to a variety of song birds that frequent it. The property is actually comprised of three lots that were merged years ago however, with frontage on both Gibbs Ave and Findley Place and such a large developable footprint, this property provides a great array of future uses. In addition to the beautiful new kitchen, the first floor includes a spacious living room, formal dining room, a large walk in pantry, 2 bedrooms and a full bathroom. The second floor features 3 additional bedrooms, a full bathroom, and an office/6th sleeping space. Enjoy the summer month in your enormous private back yard and showering off from the beach in the outdoor shower and the winter months sitting by the working fireplace in the front living room. Off street parking for 2 could easily be expanded.
Last Agent to Sell the Property
RE/MAX Results License #REB.0019095 Listed on: 07/04/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,237
Year Built
- Built in 1910
Lot Details
- 10,400 Sq Ft Lot
- Fenced
Home Design
- Bungalow
- Combination Foundation
- Shingle Siding
Interior Spaces
- 2,264 Sq Ft Home
- 3-Story Property
- Fireplace Features Masonry
- Wood Flooring
Kitchen
- Oven
- Range with Range Hood
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 2 Parking Spaces
- No Garage
Outdoor Features
- Walking Distance to Water
Utilities
- No Cooling
- Heating System Uses Oil
- Heating System Uses Steam
- 200+ Amp Service
- Oil Water Heater
Listing and Financial Details
- Tax Lot 303
- Assessor Parcel Number 54GIBBSAVNEWP
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 4, 2024
Closed on
Sep 13, 2024
Sold by
Robbins David M and Rodriguez Solangl
Bought by
Finocchiaro Audrey and Lancaster Samuel
Seller's Agent
Ben Willett
RE/MAX Results
Buyer's Agent
Joe Fitzpatrick
RE/MAX Results
List Price
$1,390,000
Sold Price
$1,370,000
Premium/Discount to List
-$20,000
-1.44%
Total Days on Market
70
Views
464
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,387
Avg. Annual Appreciation
-1.89%
Original Mortgage
$1,096,000
Outstanding Balance
$1,089,256
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$262,357
Purchase Details
Closed on
Aug 29, 1996
Sold by
Edward James G and Lane Gloria C
Bought by
Robbins David M and Rodriguez Solangel
Similar Homes in Newport, RI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,370,000 | None Available | |
| Warranty Deed | $1,370,000 | None Available | |
| Warranty Deed | $135,000 | -- | |
| Warranty Deed | $135,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,096,000 | Purchase Money Mortgage | |
| Closed | $1,096,000 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | Balloon | |
| Previous Owner | $122,500 | Balloon | |
| Previous Owner | $354,000 | No Value Available | |
| Previous Owner | $382,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2024 09/13/24 | Sold | $1,370,000 | -1.4% | $605 / Sq Ft |
| 07/04/2024 07/04/24 | For Sale | $1,390,000 | -- | $614 / Sq Ft |
Source: State-Wide MLS
Tax History Compared to Growth
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 | $4,234 | $607,500 | $274,600 | $332,900 |
| 2023 | $4,123 | $415,600 | $194,100 | $221,500 |
| 2022 | $3,994 | $415,600 | $194,100 | $221,500 |
| 2021 | $3,878 | $415,600 | $194,100 | $221,500 |
| 2020 | $3,984 | $387,500 | $157,000 | $230,500 |
| 2019 | $3,984 | $387,500 | $157,000 | $230,500 |
| 2018 | $3,871 | $387,500 | $157,000 | $230,500 |
| 2017 | $4,347 | $387,800 | $121,600 | $266,200 |
| 2016 | $4,239 | $387,800 | $121,600 | $266,200 |
| 2015 | $4,138 | $387,800 | $121,600 | $266,200 |
| 2014 | $3,860 | $320,100 | $121,600 | $198,500 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Willett
Seller's Agent in 2024
Ben Willett
RE/MAX Results
(401) 835-8810
7 in this area
127 Total Sales
-
Joe Fitzpatrick
Buyer's Agent in 2024
Joe Fitzpatrick
RE/MAX Results
(401) 835-2045
16 in this area
680 Total Sales
Map
Source: State-Wide MLS
MLS Number: 1362877
APN: NEWP-000011-000000-000303
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