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$25,000

Listing Price

6beds

4.5baths

5,632sqft

22,969sqft lot

287 Gibbs Ave, Newport, RI 02840

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

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For Sale

Off Market

Single Family

Home type

767.57

Price / sqft

1873

Year built

Home Details

AVAILABLE OCTOBER 2025. 'Terrazzo Sasso' is an elegant Newport summer estate located in the desirable Kay/Catherine neighborhood. This restored Victorian home is conveniently located within walking distance to downtown shops and restaurants as well as beaches and the famous Cliff Walk. This stunning property is a blend of historic charm and modern comfort that boasts an expansive eat-in kitchen with double French doors leading to an impressive outdoor space. Sited on 1/2 acre of land, the grounds offer a one-of-a-kind summer experience any resident will enjoy whether it's cocktails and dinner on the bluestone patio, sipping your morning cup of coffee by the serene pond, whipping up an Italian meal in the built-in pizza oven or simply running and playing on the beautiful lawn. Inside, there are multiple gathering spaces, including a formal dining room, library, TV room, sunroom and even a kids playroom with a ping pong table, that will cater to both relaxation and celebration with friends and family. The second and third floors offer a total of 6 bedrooms and 4 baths, including a large primary suite with a king bed, walk-in closet and bathroom with double vanities, a soaking tub and a Juliette balcony. Available to rent for August ($40k), September ($25k) or October 2025 ($21k), this home promises unforgettable memories in a spectacular setting.

Interior Details

Square Feet
  • 5632

Bedrooms
  • 6

Bathrooms
  • 4.5

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Hot Water

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Gas

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 22969

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Detached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    0

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 3

Style
  • Historical

Exterior
  • Wood Siding

Foundation
  • N/A

Roof
  • Mansard

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$18,033

$722,900

$1,031,300

--%

$1,754,200

2019

$18,033

$722,900

$1,031,300

--%

$1,754,200

2017

$16,316

$562,200

$893,300

--%

$1,455,500

2016

$15,909

$562,200

$893,300

--%

$1,455,500

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Average Home Price in 02840

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$5,861,997

4 Beds

5.5 Baths

5,420 Sqft

20,695 Lot (sqft)

Sold 05/13/2026

$25,000

6 Beds

4.5 Baths

5,632 Sqft

22,969 Lot (sqft)

Sold 09/29/2026

$3,295,000

4 Beds

4 Baths

4,822 Sqft

10,637 Lot (sqft)

Sold 09/29/2026

$2,950,000

3 Beds

5 Baths

5,961 Sqft

10,350 Lot (sqft)

Sold 09/29/2026

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
25,000
$
Down payment
5,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
150
$
HOA (Monthly)
0
$
PMI
0
$
$162
Your Payment
Total Monthly Payment:$162
Percent of Income:3%
Affordable:Yes

Details for 287 GIBBS AVE

Property Debt

Foreclosure Contact Details

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