2 months on rocket

Sale Pending

425 Gibbs Ave, Newport, RI, 02840

$3,550,000

5 Bedrooms
3 Full Baths, 2 Partial
4,818 SqFt
$737/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage
Year Built1987
HeatingNatural Gas, Hot Water
CoolingDuctless, Central Air
BasementYes
WaterfrontWaterfront
FireplaceNone
MLS #1353042
Lot Size0.46 Acres
StatusSale Pending
(Pending)

About 425 Gibbs Ave

Fresh as New Coastal Cottage! Sweet salt air will draw you to this home just 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, just to name a few. Sprawling lawn with manicured private backyard features a heated saltwater pool 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!

Property Details

Property Features

Property Information:

  • Architectural Style: Cabin/Cottage, Contemporary
  • Year Built: 1987
  • Stories: 3
  • Living Area: 4,818 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (401) 845-6900

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Tub Shower
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Waterfront

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage

Lot Features

Lot Information:

  • Lot Size: 0.46 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: Ductless, Central Air

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: $3,550,000
  • Price Per SqFt: $737/SqFt

Tax Information:

  • Annual Amount: $13,622
  • 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

425 Gibbs Ave vs Newport

63 DAYS ON ROCKET

+3 Days

$3,550,000

+$2.7M More

$737/SqFt

+$171 More

KEY TAKEAWAY

This property is $2.7M more than the Median Sold Price and $171/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: #1353042

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (401) 845-6900

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: 4/28/2024, 1:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$13,622$1,460,000
2020$11,864$1,154,100
2019$11,864$1,154,100
2018$11,069$1,108,000
2017 - $1,027,900

History based on county public records data.

Payment Calculator

$17.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.7K

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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-2277620
2
/10
  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 1.53 miles

  • Public District Grades PK-4

Middle School

school-card-donut-2277621
3
/10
  • Frank E. Thompson Middle School

  • 55 Broadway

  • 0.74 miles

  • Public District Grades 5-8

High School

school-card-donut-2277622
4
/10
  • Rogers High School

  • 15 Wickham Rd

  • 1.70 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,333. Most Newport, RI residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 425 Gibbs Ave

What is the listing price of this property?

The listing price of 425 Gibbs Ave property is $3,550,000.

What type of property is this?

The property 425 Gibbs Ave is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Sale Pending: 425 Gibbs Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 425 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 $13,622 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 425 Gibbs Ave has 5 bedrooms and 3 full and 2 half bathrooms.

What is the square footage of this property?

The property 425 Gibbs Ave is 4,818 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 425 Gibbs Ave is 1987.
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Rocket Homes›Rhode Island›Newport County›Newport›02840›425 Gibbs Ave

This home is located at 425 Gibbs Ave in Newport, RI and zip code 02840. This 4,818 square foot home, which was built in 1987, sits on a 0.46 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 25, 2024 and is currently priced at $3,550,000.

In March 2024 more than 2 listings in Newport, RI were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 13 were sold below. Between February 2024 and March 2024, Newport, RI real estate market has seen increase in the number of listings by 20%. Listings spent 60 days on the market in March 2024, and had a median list price of $820,000 during the same period.

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

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