425 Gibbs Ave, Newport, RI 02840
PENDING0.46 ACRES

425 Gibbs Ave
Newport, RI 02840

Old Beach
  • 5 Beds
  • 5 Baths
  • 4,818 sqft (on 0.46 acres)
  • 5 Beds
  • 5 Baths
  • 4,818 sqft (on 0.46 acres)

$3,550,000

Est. Mortgage $21,584/mo*

Local Information

map showing home location
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-- mins to
Commute Destination

Description

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!

Home Highlights

Parking
Garage
Outdoor
Pool
A/C
Heating & Cooling
HOA
None
Price/Sqft
$737
Listed
62 days ago

Home Details for 425 Gibbs Ave

Interior Features

Interior Details
Basement: Full,Partially Finished,Interior and Exterior,Office,Storage Space,Work ShopNumber of Rooms: 11Types of Rooms: Bathroom
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 5Number of Bathrooms (full): 3Number of Bathrooms (half): 2
Dimensions and Layout
Living Area: 4818 Square Feet
Appliances & Utilities
Utilities: Sewer Connected, Water Connected, Underground UtilitiesAppliances: Dishwasher, Dryer, Disposal, Microwave, Oven/Range, Refrigerator, Washer, Gas Water HeaterDishwasherDisposalDryerLaundry: In BasementMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Natural Gas,Central Air,Forced Water,Gas ConnectedHas CoolingAir Conditioning: Central Air,DuctlessHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Fireplace: NoneNo Fireplace
Gas & Electric
Electric: 200+ Amp Service
Windows, Doors, Floors & Walls
Flooring: Ceramic Tile, Hardwood
Levels, Entrance, & Accessibility
Number of Stories: 3Floors: Ceramic Tile, Hardwood
View
No View

Exterior Features

Exterior Home Features
Fencing: FencedFoundation: Concrete PerimeterHas a Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 10Parking: Detached
Pool
Pool: In Ground, Salt WaterPool
Frontage
Waterfront: Walk to Salt Water, Walk To WaterNot on Waterfront
Finished Area
Finished Area (above surface): 3346 Square FeetFinished Area (below surface): 1472 Square Feet

Days on Market

Days on Market: 62

Property Information

Year Built
Year Built: 1987
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Contemporary,Cottage
Building
Construction Materials: Shingle Siding, Wood Siding, Dry Wall, Mixed Plumbing, Insulation (Ceiling), Insulation (Floors)Not a New Construction

Price & Status

Price
List Price: $3,550,000Price Per Sqft: $737
Status Change & Dates
Off Market Date: Sat Apr 13 2024Possession Timing: Negotiable

Active Status

MLS Status: Pending

Location

Direction & Address
City: Newport

Agent Information

Listing Agent
Listing ID: 1353042

Community

Not Senior Community

HOA

HOA Fee: No HOA Fee

Lot Information

Lot Area: 0.46 acres

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

BasementMls Number: 1353042
Last check for updates: about 12 hours ago
Listing courtesy of The Newport Group, (401) 849-3339
Coldwell Banker Realty
Source: StateWide MLS RI, MLS#1353042

Price History for 425 Gibbs Ave

DatePriceEventSource
04/13/2024$3,550,000PendingStateWide MLS RI #1353042
02/25/2024$3,550,000Listed For SaleStateWide MLS RI #1353042
12/29/2023$3,695,000ListingRemovedMLS PIN #73154446
09/01/2023$3,695,000Listed For SaleStateWide MLS RI #1342878
03/20/2018$1,100,000Sold
StateWide MLS RI #1181978
03/06/2018$1,225,000PendingAgent Provided
02/01/2018$1,225,000Listed For SaleAgent Provided
12/18/2017$1,195,000ListingRemovedAgent Provided
09/20/2017$1,195,000PriceChange
Agent Provided
08/10/2017$1,275,000PriceChange
Agent Provided
04/20/2017$1,350,000Listed For SaleAgent Provided

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Property Taxes and Assessment

Year2023
Tax$14,031
Assessment$1,460,000
Home facts updated by county records

Comparable Sales for 425 Gibbs Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.35
Single-Family Home
$1,525,000
10/17/23
6
4
3,392
0.37
Single-Family Home
$1,850,000
10/03/23
5
5
3,494
0.56
Single-Family Home
$3,020,000
12/14/23
7
5
4,336
0.25
Single-Family Home
$3,000,000
05/26/23
4
4
3,010
0.22
Single-Family Home
$1,325,000
06/30/23
3
3
1,725
0.48
Single-Family Home
$2,550,000
10/18/23
4
5
3,438
0.24
Single-Family Home
$1,100,000
06/28/23
3
2
1,292
0.59
Single-Family Home
$1,425,000
01/12/24
5
5
2,750
0.68
Single-Family Home
$3,238,800
07/13/23
6
7
4,023

Neighborhood Overview

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What Locals Say about Old Beach

  • Alex D.
    "Public transpiration isn’t as consistent as it could be. Bus schedules are inconvenient. Mmost drove, and I’d recommend it. "
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LGBTQ Local Legal Protections

The Newport Group, Coldwell Banker Realty
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright © 2024 State-Wide MLS, Inc. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
425 Gibbs Ave, Newport, RI 02840 is a 5 bedroom, 5 bathroom, 4,818 sqft single-family home built in 1987. 425 Gibbs Ave is located in Old Beach, Newport. This property is currently available for sale and was listed by StateWide MLS RI on Feb 25, 2024. The MLS # for this home is MLS# 1353042.