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397 Gibbs Avenue, Unit#4 Newport

$625,000
2 1.1 1,148 sq ft

The Property

Enjoy all the best of Newport in this charming Estate, the “Carrington House” Condo Association. This spacious, townhouse style condo has high ceilings and an open floor plan which allows great natural light to pour in. A wood burning fireplace anchors the living room and adds wonderful coziness to the space. A dining area flows nicely into the kitchen, which has a window that faces towards Easton’s Beach.

There is also a lavette on the first level for added convenience. The second level has 2 large bedrooms and 1 full bath with the high ceilings continuing throughout. The primary bedroom has views of the water and a walk-in closet, and the second bedroom also has a lot of space. Private storage in the basement. The building is situated on 2 acres of grounds available for outdoor enjoyment as common area space. Here you are in close proximity to everything Newport has to offer. A walk or bike ride away from Easton’s Beach, Cliff Walk, and Bellevue Ave for exploring the shops, dining, and the Newport Mansions. Close to the Newport Naval Base. Additionally, getting off the island is also made easy with close access to Rt 114, Rt 138, and the Newport Bridge. There is a lease in place until June 30, 2022. Make this condo your Newport home just in time for summer!

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Listing Details

MLS Number

1308661

Features

  • Basement: Full
  • Masonry
  • Storm Window
  • Wood
  • Fireplace: Wood Frame
  • Heating: Baseboard, Forced Water
  • Heating Fuel: Gas
  • Laundry
  • Paved Driveway
  • Paved Lot
  • Private Compound
  • Waterview
  • Wooded
  • Type: Town House
  • Year Built: 1900
  • Water Amenities: Walk to Salt Water, Walk To Water

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Market Trends for Condos
in Newport

  • Overview
    Homes for Sale Today31-91.2% decrease in inventory
    New on Market *138.3% increase in new listings
    Avg. Asking Price/Sq.Ft. *$711.09$14 increase in List Price/Sq.Ft.
    Avg. Sale Price *$849,636$30,247 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *98.10%-1.1% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$605.56$73 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *8640 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

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    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Residential Properties, Ltd.

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