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$3,550,000   Price Analysis
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425 Gibbs Ave
Newport, RI 02840
5 bed 5 bath 4,818 SqFt ($736/SqFt)
0.46 acre lot. Built 1987
Listed 2024-02-25, Taxes $14,031
Ⓧ USDA Ineligible
due to price & location

near Newport

Fresh as Pr istine Coastal Cottage!

* No Longer For Sale *
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Sweet salt air will draw you to this home steps from the beach. Sweeping ceilings and bright light with open floor plan offering 2 primary suites, 3 additional bedrooms with 3 full and 1 half baths. Third floor flex room with additional half bath. This home has been redesigned and upgraded with all new custom wood windows, natural cedar siding, new gleaming hardwood floors and a new two car garage with loft, to name a few.

Sprawling lawn with manicured private backyard features a heated saltwater pol and lush plantings. Partially finished lower level with plenty of storage and a second laundry room. This well-appointed home is located in one of the most sought-after areas, walk to Bellevue Ave, beaches, downtown and the Tennis Hall of Fame!


Presented by The Newport Group at
Newport.


Property MLS #1353042 from StateWide

Bedrooms: 5

Total Rooms: 11
Basement Features: Laundry, Office, Storage Area, Work Shop
Basement Description: Full, Partially Finished, Access: Interior and Exterior

Total Bathrooms: 3.20
Full Bathrooms: 3
1/2 Bathrooms: 2

Cooling Features: Central Air, Ductless AC
Heating Features: Central Air, Forced Water, Gas Connected
Heating Fuel: Gas
Water Heaters: Gas

Water Features: Walk to Salt Water, Walk To Water

Pool Features: In-ground Pool, Saltwater Pool

Lot Description: Fenced, Underground Utilities
Lot Size Acres: 0.46
Lot Size Square Feet: 20038

Garage Spaces: 2
Garage Description: Detached
Parking Total: 10

Association: No
Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 13622.0000
Source Listing Status: Sold
County: Newport
Tax Year: 2023
Source Property Type: Single Family
Zoning: R20
Property Subtype: Contemporary, Cottage
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$938,400 + $521,600
$1,460,000
$14,031
2021$938,400 + $521,600
$1,460,000
$13,622
2020$630,900 + $523,200
$1,154,100
$11,864
2019$630,900 + $523,200
$1,154,100
$11,864
2018$584,800 + $523,200
$1,108,000
$11,069
2017$605,300 + $422,600
$1,027,900
$unknown
2016$605,300 + $422,600
$1,027,900
$unknown
2015$605,300 + $422,600
$1,027,900
$unknown
2014$517,700 + $367,500
$885,200
$unknown

Sold 2024-06-17
$3,290,000
StateWide
Listing removed 2024-03-02
$3,695,000
MLSPIN
Listed 2024-02-25
$3,550,000
StateWide
Listing removed 2023-12-19
$0
StateWide
Listed 2023-09-01
$3,695,000
StateWide
Sold 2018-03-20
$1,100,000
StateWide
Listed 2018-02-01
$1,225,000
StateWide
Listing removed 2017-12-18
$1,195,000
StateWide
Price Changed 2017-09-20
$1,195,000
StateWide
Price Changed 2017-08-09
$1,275,000
StateWide
Listed 2017-04-20
$1,350,000
StateWide

Total Square Feet Living: 3346
Year Built: 1987
BelowGradeFinishedArea: 1472
Building Exterior Type: Shingles, Wood
Insulation: Ceiling, Floors
Property Age: 37
Levels or Stories: 3
Total Above Grade Sqft Area: 3346
Walls: Dry Wall

Electric: 200 Amps
Sewer: Connected
Water Source: Connected

Other Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Oven/Range, Refrigerator, Washer

Rogers High School is a public high school located approximately 1.7 miles away.
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St Michaels Country Day School is a private elementary and middle school located approximately 0.1 miles away.
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Frank E. Thompson Middle School is a public elementary and middle school located approximately 0.7 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.