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Off market
  • $2,175,000

    261 Gibbs Ave, Newport, RI 02840

    4beds
    4,586sqft
    SingleFamily
    Built in 1870
    0.31 Acres Lot
    $2,175,000 Zestimate®
    $474/sqft
    $6,576 Estimated rent

    Home value

    $2,175,000

    $1.83M - $2.61M

    $6,576/mo

    Zestimate® history
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    $6,576/mo

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    Rent Zestimate®

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    $10,555/mo

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    $10,555/mo

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    What's special

    This house is selling for only $206/sqft, an amazing deal for this prestigious neighborhood. Freshly painted, you could move in as is, with some finishing work to be done. Otherwise the option is to renovate the kitchen and baths, and make this house shine again. At almost $200/sqft, you have plenty of options. Remember, this doesn't even take into account that this property has one of the biggest carriage houses in the area! Its that simple. Do the math, one of the best investments/home values you will find in Newport. This 4500 + square foot house located in the charming Gibbs Ave area, is ready for your vision and attention. Currently a single family, this classic property awaits your renovation and design ideas. Consisting of 4-5 bedrooms bedrooms, and 3.5 bathrooms, this house has tons of living space. A finished attic adds to the spacious living area, and includes one of the full bathrooms, and could offer that extra bedroom if needed. Much of the house has it's original charm. A large Carriage house offers plenty of storage, along with potential apartment options.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Other, Electric, Oil
    Cooling
    • None
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 4,586 sqft

    Property

    Parking
    • Parking features: Garage - Detached
    Features
    • Exterior features: Other
    Lot
    • Size: 0.31 Acres
    Details
    • Parcel number: NEWPM023B0014

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    • Roof: Other
    Condition
    • Year built: 1870

    Utilities & green energy

    • Electric: 220 Volts
    • Sewer: Unknown

    Community & neighborhood

    Location
    • Region: Newport

    Other

    Other facts
    • BasementType: Full
    • FinishedFloor: Hardwood
    • Fireplace: Brick, Wood Frame
    • HeatingFuel: Oil
    • Plumbing: Mixed
    • PropertyType: Single Family
    • SubsidizedHousing: 0
    • UnderConstruction: 0
    • BasementAccess: Interior Only
    • ApxHeatCost: Undetermined
    • BasementFinish: Unfinished
    • Electric: 220 Volts
    • Insulation: Unknown
    • Historic: Unknown
    • Exterior: Clapboard
    • HotWater: Electric
    • FoundationType: Stone
    • Sewer: Unknown
    • Type: Historic
    • HeatingSystem: Forced Water
    • Interior: Attic, Stairs
    • WaterSupply: Individual Meter

    Price history

    DateEventPrice
    6/10/2020Sold$870,000-8.3%$190/sqft
    Source: StateWide MLS RI #1238633 Report a problem
    1/3/2020Price change$949,000+2.6%$207/sqft
    Source: www.EntryOnly.com #1238633 Report a problem
    11/6/2019Price change$925,000-5.1%$202/sqft
    Source: www.EntryOnly.com #1238633 Report a problem
    10/10/2019Listed for sale$975,000+39.2%$213/sqft
    Source: www.EntryOnly.com #1238633 Report a problem
    8/8/2019Listing removed$4,500$1/sqft
    Source: Pinto Real Estate #72524290 Report a problem
    6/25/2019Listed for rent$4,500+50%$1/sqft
    Source: Pinto Real Estate #72524290 Report a problem
    3/12/2019Sold$700,350+58.1%$153/sqft
    Source: Public Record Report a problem
    3/12/2019Listed for sale$443,000-42.8%$97/sqft
    Source: Keller Williams South Watuppa #P112DUZ Report a problem
    9/7/2017Listing removed$3,000$1/sqft
    Source: Century 21 Topsail Realty #2729030 Report a problem
    9/1/2017Listed for rent$3,000$1/sqft
    Source: Century 21 Topsail Realty #2729030 Report a problem
    10/26/2005Sold$775,000$169/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,072 +3%$1,402,800
    2024$9,778 +15.2%$1,402,800 +58.9%
    2023$8,485 $882,900
    2022$8,485 +3%$882,900
    2021$8,237 -19.5%$882,900 -11.3%
    2020$10,230 $995,100
    2019$10,230 +2.9%$995,100
    2018$9,941 +30.4%$995,100 +46.3%
    2017$7,626 +2.6%$680,300
    2016$7,436 +2.4%$680,300
    2015$7,259 -3.3%$680,300 +9.4%
    2014$7,503 +6.2%$622,100
    2012$7,067 +6.3%$622,100 -7.1%
    2011$6,651 +3.9%$669,800
    2010$6,403 +0.4%$669,800
    2009$6,376 -2.9%$669,800 -11.6%
    2008$6,569 +4%$757,700
    2007$6,319 +4%$757,700
    2006$6,077 -1.9%$757,700 +74.9%
    2005$6,192 +11.2%$433,300
    2002$5,568 $433,300

    Find assessor info on the county website

    Neighborhood: Eustis/Easton's Pond

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,175,000
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    Estimated market value
    $2,175,000