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CondominiumResidential

397 Gibbs Ave

NEWPORT, RI 02840
1.21 ac
Lot SizeThe size of the land the home sits on, from county records.
1900
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 190010 units823–1,279 ft²
$8M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$763K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$766
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+5.3%vs the Newport ZIP median sale $/ft² ($727)

Sales Performance

—
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
0
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
0.0%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+3.7%per yeartypical hold 8.9 yrsfrom 10 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
19891996199820032004201220182022
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
19891996199820032004201220182022

20 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$609K$733K$857K$981K823 ft²914 ft²1,005 ft²1,097 ft²1,188 ft²1,279 ft²
2 bd
2 bed
10 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$609K–$609K
1 unit
$682K–$698K
2 units
$710K–$710K
1 unit
$759K–$768K
2 units
$879K–$879K
1 unit
$966K–$981K
3 units

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.40%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.40%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.18.1 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.33%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.43%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$689,605
Median tax billThe middle annual property tax bill among the building's units.$5,991
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit BJul 29, 2022$665,000Unit 4Jul 6, 2022$625,000Unit CHApr 25, 2022$820,000Unit 5Nov 30, 2020$490,000Unit 1Mar 2, 2018$400,100Unit CHAug 22, 2016$505,000Unit 4Jun 27, 2012$225,000Unit 5Jan 28, 2011$285,000Unit CHJun 30, 2004$375,000Unit 1Jan 17, 2003$337,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.34
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
5
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
55
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
82
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
28
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyNEWPORT
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1992
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Hot Water
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Frank E. Thompson Middle SchoolF
Middle · Grades 5–8 · 0.6 mi
E
Claiborne Pell Elementary SchoolD
Elementary · Grades PK–4 · 1.5 mi
H
Rogers High SchoolC+
High · Grades 9–12 · 1.7 mi

District: Newport School District

Neighborhood · ZIP 02840These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.126
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.99
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.51

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.82%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.31%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.23,137
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,164 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$91,578
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$120,528
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.47 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

397 Gibbs Ave
2 bd · 1 ba · 823 ft²
$682K
397 Gibbs Ave
2 bd · 1 ba · 901 ft²
$768K
397 Gibbs Ave # Ch
2 bd · 1 ba · 1,019 ft²
$972K
397 Gibbs Ave # 1
2 bd · 1.5 ba · 1,279 ft²
$981K
397 Gibbs Ave # 2
2 bd · 2 ba · 938 ft²
$710K
397 Gibbs Ave
2 bd · 1 ba · 899 ft²
$609K
397 Gibbs Ave # 4
2 bd · 1.5 ba · 1,148 ft²
$966K
397 Gibbs Ave # 5
2 bd · 1.5 ba · 993 ft²
$759K
397 Gibbs Ave # 6
2 bd · 1.5 ba · 1,106 ft²
$698K
397 Gibbs Ave
2 bd · 1.5 ba · 1,212 ft²
$879K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 397 Gibbs Ave

How many units are in 397 Gibbs Ave, Newport, RI?

397 Gibbs Ave, Newport, RI has 10 residential units across built in 1900, according to county assessor records.

What is a unit at 397 Gibbs Ave, Newport, RI worth?

The median TopHap Estimate across the 10 units at 397 Gibbs Ave, Newport, RI is $763,396. That works out to $766 per square foot. Units run from 823 to 1,279 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 397 Gibbs Ave, Newport, RI expensive for Newport?

Units at 397 Gibbs Ave, Newport, RI carry a median of $766 per square foot, 5% above the Newport median of $727 per square foot.

How often do units sell at 397 Gibbs Ave, Newport, RI?

0 units at 397 Gibbs Ave, Newport, RI sold in the last 12 months, out of 20 recorded arms-length sales all time. That is a turnover rate of 0.0% of the building per year.

Have units at 397 Gibbs Ave, Newport, RI appreciated?

Across 10 repeat sales of the same unit, 397 Gibbs Ave, Newport, RI returned a median 3.7% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 8.9 years.

More homes on Gibbs Ave

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More homes in Newport 02840

Assigned schools

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