13 days on rocket

244 Gibbs Ave, Newport, RI, 02840

$1,800,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
2,348 SqFt
$767/SqFt
House
Schools Nearby

Location

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244 Gibbs Ave, Newport$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage
Year Built1920
HeatingNatural Gas, Hot Water
CoolingSingle Unit
BasementYes
WaterfrontWater Access, Waterfront
MLS #1355817
Lot Size0.09 Acres
StatusActive

About 244 Gibbs Ave

Welcome to 244 Gibbs Ave! This well appointed turnkey home is located in one of the most desirable neighborhoods in Newport. 244 Gibbs is just a short stroll to the beaches, Bellevue Mansions, Cliff Walk, The Wharf & downtown restaurants/shopping. From the moment you enter the front porch through the perennial gardens you will appreciate the attention to detail & design. Once inside the home the abundance of natural light evoke a feeling of peace & serenity. This meticulously maintained home offers 5 bedrooms and 2.5 bathrooms, including a 3rd floor primary/guest suite and original hardwoods throughout. Seasonal water views from every level enhance the beauty of this unique home. The main floor is an entertainer's dream with the generous sun-filled living & dining areas. The interior space blending seamlessly with the outdoors & patio through the french doors in the dining room. Original brickwork & a wood plank ceiling accent the chef's kitchen where you will find a working island, Viking Cooktop/Oven and Liebherr Refrigerator. A sizable butler's pantry offers additional storage and access to the backyard. The secluded fully fenced in backyard evokes a sense of tranquility with upper and lower levels for dining/entertaining and mature landscaping. An outside shower and access to the walk-in basement/laundry and garage complete the backyard.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1920
  • Stories: 3
  • Living Area: 2,348 SqFt

Listing Office:

  • Office Name: Edge Realty RI
  • Office Phone: (401) 783-1007

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Bathtub, Skylights, Tub Shower, Wood Burning Stove

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Water Access, Waterfront
  • Exterior: Paved Driveway

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: Single Unit

School Info

Assigned Schools Information:

  • Rogers High School, Public District Grades 9-12
  • Frank E. Thompson Middle School, Public District Grades 5-8
  • Claiborne Pell Elementary School, Public District Grades PK-4

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000
  • Price Per SqFt: $767/SqFt

Tax Information:

  • Annual Amount: $7,513
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newport, RI.

Med. Sold Price

$820K

Med. Price/SqFt

$566

Avg. Days On Market

60

# of Sold Homes

18

244 Gibbs Ave vs Newport

13 DAYS ON ROCKET

-47 Days

$1,800,000

+$980K More

$767/SqFt

+$201 More

KEY TAKEAWAY

This property is $980K more than the Median Sold Price and $201/SqFt more than other homes in Newport, RI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RIS
  • MLS Number: #1355817

Listing Office:

  • Office Name: Edge Realty RI
  • Office Phone: (401) 783-1007

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 8:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 31, 2011Home Sold
$625,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,513$805,200
2020$6,574$639,500
2019$6,574$639,500
2018$6,389$639,500
2017$6,665$594,600

History based on county public records data.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3926152
2
/10
  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.10 miles

  • Public District Grades PK-4

Middle School

school-card-donut-3926153
3
/10
  • Frank E. Thompson Middle School

  • 55 Broadway

  • 0.58 miles

  • Public District Grades 5-8

High School

school-card-donut-3926154
4
/10
  • Rogers High School

  • 15 Wickham Rd

  • 2.02 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,493. Typical income of Newport, RI residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 244 Gibbs Ave

What is the listing price of this property?

The listing price of 244 Gibbs Ave property is $1,800,000.

What type of property is this?

The property 244 Gibbs Ave is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Active Listing: 244 Gibbs Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 244 Gibbs Ave are:
Claiborne Pell Elementary School: GreatSchools Rating 2/10
Frank E. Thompson Middle School: GreatSchools Rating 3/10
Rogers High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,513 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 31, 2011 for $625,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 244 Gibbs Ave has 5 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 244 Gibbs Ave is 2,348 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 244 Gibbs Ave is 1920.

Rocket Homes›Rhode Island›Newport County›Newport›02840›244 Gibbs Ave

This home is located at 244 Gibbs Ave in Newport, RI and zip code 02840. This 2,348 square foot home, which was built in 1920, sits on a 0.09 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $1,800,000.

In March 2024, from all listings sold in Newport, RI there were more than 2 sold above asking price, over 13 sold below and more than 3 were sold right at the asked price. Between February 2024 and March 2024, Newport, RI real estate market has seen increase in the number of listings by 20%. In March 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $820,000.

From Rocket Homes Real Estate and based on county public records data.

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