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89 Gibbs Ave, Newport, RI, 02840

$1,589,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
2,055 SqFt
$773/SqFt
House

Location

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89 Gibbs Ave, Newport$1,589,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage, Garage Door Opener
Year Built1887
HeatingNatural Gas, Heat Pump, Hot Water, Radiant, Zoned
CoolingCentral Air, Heat Pump
BasementYes
FireplaceMarble
MLS #1369582
Lot Size0.16 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 89 Gibbs Ave

Come home to this picturesque, classic Victorian, tucked away on tree-lined Gibbs Avenue, and renovated with top-of-the line finishes and styled with meticulous attention. The main level features a charming porch for lazy afternoons, a welcoming entry hallway, a spacious living room with marble fireplace, an open floor plan with sun-filled dining room and a stunning custom kitchen, a pleasure to cook in. Perfect lavatory tucked in too! Upstairs, you'll find three generous bedrooms and office. The sparkling, spacious tiled shower has a radiant heated floor, bringing elegant warmth! Bonus attic for storage! Beautifully landscaped private fenced yard and expansive, bluestone patio, a joy for entertaining. Two car garage, with water and heat on one side offers many future options. Marvin windows, central AC with 2 AC/heat pumps and high efficiency Triangle Tube Prestige heating system. Solar panels provide sufficient energy to offset most of the total utility cost! Easy walking distance to shops, restaurants and all Newport has to offer. Three vintage Vistosi Murano glass chandeliers to stay.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1887
  • Stories: 3
  • Living Area: 2,055 SqFt

Listing Office:

  • Office Name: RE/MAX Profnl. Newport, Inc.
  • Office Phone: (401) 849-0100

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Carpet
  • Interior: Attic, Cedar Closet(s), Permanent Attic Stairs, Stall Shower, Cable TV
  • Fireplace: Marble

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Porch, Paved Driveway

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Garage, Garage Door Opener

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Heat Pump, Hot Water, Radiant, Zoned
  • Cooling: Central Air, Heat Pump

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,589,000
  • Price Per SqFt: $773/SqFt

Tax Information:

  • Annual Amount: $5,365
  • Tax Year: 2021
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Housing Market Comparison

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

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Newport, RI

City

Med. Sold Price

$896.5K

Med. Price/SqFt

$587

Avg. Days On Market

40

# of Sold Homes

23

89 Gibbs Ave vs Newport

52 DAYS ON ROCKET

+12 Days

$1,589,000

+$692.5K More

$773/SqFt

+$185 More

KEY TAKEAWAY

This property is $692.5K more than the Median Sold Price and $185/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: #1369582

Listing Office:

  • Office Name: RE/MAX Profnl. Newport, Inc.
  • Office Phone: (401) 849-0100

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: 11/17/2024, 4:20:50 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

Oct 25, 2013Home Sold
$480,000
Jan 05, 1990Home Sold
$132,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,365$575,000
2020$4,301$418,400
2019$4,301$418,400
2018$4,180$418,400
2017$3,899$347,800

History based on county public records data.

Payment Calculator

$7,998

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,830

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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.

Nearby Schools

school-card-donut-498436
4
/10

  • Claiborne Pell Elementary School

  • 35 Dexter St

  • 0.76 miles

  • Public District Grades PK-4

school-card-donut-498437
5
/10

  • Joseph Gaudet Academy

  • 1113 Aquidneck Ave

  • 1.97 miles

  • Public District Grades 4-4

school-card-donut-498438
7
/10

  • Melrose Avenue School

  • 76 Melrose Ave

  • 3.95 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,653. The most common annual income of people living in Newport, RI is between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Newport, RI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Newport, RI?

Newport's housing market is characterized by a blend of historic charm and modern luxury, with a significant presence of colonial and Victorian-style homes that reflect the city's rich history. The housing landscape is diverse, offering a mix of single-family homes, apartments, and townhouses. While the majority of homes are owner-occupied, there is also a substantial rental market catering to the city's seasonal population and year-round residents alike.

What are the advantages of living in Newport, RI?

Newport is celebrated for its vibrant history and maritime culture, with the community taking pride in its well-preserved architecture and famous seaside attractions. The city's character is further enriched by annual events such as the Newport Jazz Festival and the Newport International Boat Show, which draw visitors from around the world and contribute to the area's lively atmosphere.

Are essential services in Newport, RI convenient?

The community benefits from a robust educational system, with a number of public and private schools providing a range of educational opportunities. Healthcare services are comprehensive, with local hospitals and clinics offering a variety of medical care options. Newport's public library system serves as a valuable resource for residents, and the city's array of shops and restaurants reflects the local culture, with an emphasis on seafood and coastal cuisine.

How do Newport, RI residents get around?

Newport's transportation infrastructure supports both private and public transit options, with a network of roads and bridges connecting the city to the rest of Rhode Island and beyond. Public transportation services are available, providing connections to key areas within the city and to neighboring communities. The city is also bike-friendly, with several designated paths and lanes. For those without a vehicle, ride-sharing services are a popular choice for getting around.

Frequently Asked Questions About 89 Gibbs Ave

What is the listing price of this property?

The listing price of 89 Gibbs Ave property is $1,589,000.

What type of property is this?

The property 89 Gibbs Ave is a house located in Newport, Rhode Island, 02840.

Is this property for sale now?

Accepting Backup Offers: 89 Gibbs Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,365 (source: MLS/based on county public records data).

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

The last sale was on October 25, 2013 for $480,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 89 Gibbs Ave has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 89 Gibbs Ave is 2,055 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 89 Gibbs Ave is 1887.

Rocket Homes›Rhode Island›Newport County›Newport›02840›89 Gibbs Ave

This home is located at 89 Gibbs Ave in Newport, RI and zip code 02840. This 2,055 square foot home, which was built in 1887, sits on a 0.16 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,589,000.

While more than 6 listings in Newport, RI in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 10 were sold below. The number of homes for sale in Newport, RI increased by 1% between September 2024 and October 2024. The median list price of listings available in October 2024 was $896,500, while the average time on the real estate market was 40 days.

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

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