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500 Colonial Dr # 213, Ipswich MA 01938

Ipswich, MA 01938
$422,250
Est. $3,150/month
2
Beds
2
Baths
1,123
Sq Ft
$376
Price/Sq Ft
1985
Year Built
18
Days on Market
Closed Listed Aug 21, 2024 • MLS# 73280326 Copied!

About this home

Welcome to this pristine one level, 2 bedroom, 2 full bath condominium at River Ridge. Set at the end of a cul-de-sac abutting conservation land in Ipswich, this building is equipped with an elevator that will bring you to this beautifully renovated second floor condo. Step inside to an open concept kitchen with granite counters, stainless steel appliances, upgraded cabinets and a large living/ dining room combination with balcony that overlooks the woods; a primary bedroom with large walk-in closet and ensuite full bath; a second bedroom; and another full bath. This unit has central A/C and washer/ dryer conveniently located in the condo. Association amenities include an outdoor in-ground pool with a clubhouse, nearby conservation walking paths, assigned parking, plenty of guest parking, storage in the lower level and pets allowed. The location is ideal- only minutes to downtown Ipswich, the MBTA commuter rail, highways, parks, the Ipswich River and Crane Beach!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
2
Full Bathrooms
2
Living Area
1,123 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $399,000
Final Sale Price: $422,250
Difference: +$23,250 (+5.8%)
Performance Metrics
105.8%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $355
Sale $/sq ft: $376
This property sold for $376 per square foot
Sale Summary

This property sold for 5.8% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$376/sq ft
Area Average
$429/sq ft
Difference
12.3%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 1,123 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Electric
Cooling Central Air
Flooring Tile, Carpet, Wood Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Assigned, Guest
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,229
Assessed Value $371,600

Interior Features

Flooring: Tile, Carpet, Wood Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1985
Structure Type: Mid-Rise
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric
Heating Zones: 1
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Assigned, Guest

Location

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Neighborhood

500 Colonial Dr # 213, Ipswich MA 01938

Ipswich, MA 01938

Walkability

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Nearby Schools

School District
Ipswich School District local
A-
School Safety 2024-25
0.9% Low
0.9% Suspensions 0.8% In-School
4.6% below state avg
E

Elementary Schools

2 schools
A-
Winthrop School
0.9 mi | #197 of 824 | Score: 55.2
Dropped 158 spots from last year
-3.1 below state avg
373 students Moderate
Strong Attendance
Grades PK-05
A
Paul F Doyon Memorial School
2.2 mi | #90 of 824 | Score: 59.8
Improved 33 spots from last year
+1.6 above state avg
366 students Moderate
Rising School Strong Attendance
Grades PK-05
M

Middle Schools

1 school
A-
Ipswich Middle School
1.4 mi | #93 of 352 | Score: 50.4
Improved 8 spots from last year
-7.8 below state avg
377 students Moderate
Strong Attendance
Grades 06-08
H

High Schools

1 school
A+
Ipswich High School
1.4 mi | #36 of 346 | Score: 69.6
Improved 26 spots from last year
+11.4 above state avg
447 students Moderate
19 sports • 1,184 athletes
Strong AP Program High Graduation Rate Rising School College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $352
Homeowners Insurance $200
HOA Fee $462/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

5.5%
Price Range
20
Total Days on Market

Property Timeline

Sold
Sep 20, 2024
$422,250
Property sold
Days on Market: 20
🏠
Listed for Sale
Aug 21, 2024
$399,000
Original listing
Agent: Leshia Crestin Office: Churchill Properties

Price & Status History

Date Event Price Change
Aug 21, 2024 New Listing Added $399,000

Market Statistics

Days on Market
18 days
Price per Sq Ft
$376

Tax History

Year Taxes Assessment
2024 $4,229 $371,600

Financial Details

Annual Property Tax
$4,229
Tax Year 2024
HOA Fee
$462
Monthly
Assessed Value
$371,600

Listing Information

Listing Agent Leshia Crestin
Listing Office Churchill Properties
Agent MLS ID CN223701
Office MLS ID AN3418
Listing Data Updated Sep 20, 2024 4:40 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Ipswich, MA

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