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500 Colonial Dr # 5, Ipswich MA 01938

Ipswich, MA 01938
$424,999
Est. $3,199/month
2
Beds
2
Baths
1,113
Sq Ft
$382
Price/Sq Ft
1985
Year Built
Condominium
Type
8 hours 32 minutes
Time on Market
Active Open House Listed Feb 25, 2026 • MLS# 73480239 Copied!

About this home

Wonderful open concept condominium at River Ridge in Ipswich! This 2-bedroom, 2 full bath GROUND LEVEL unit is privately set in the rear of the last building, offering a quiet and peaceful location. The spacious primary suite features an ensuite bath and generous walk-in closet. The living and dining area, along with both bedrooms, showcase NEW luxury vinyl flooring, creating a fresh, modern feel throughout. Additional improvements include an upgraded central AC condenser for added comfort. Enjoy your private patio w/room for chairs & side table. Association amenities include an outdoor in-ground pool with a clubhouse & nearby conservation walking paths. Assigned parking, pets allowed & in unit laundry, plus on site storage unit. Location is fantastic! Close to historic downtown Ipswich, the MBTA commuter rail, fine dining establishments, & Crane’s beach. Open House Sat 2/28 & Sun 3/1 from 11-1pm.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
2
Full Bathrooms
2
Living Area
1,113 sq ft
Total Rooms
4
Stories
1
Entry Level
1
Main Level Bedrooms
1

Open House Schedule

01
Mar
Sunday, March 1
11:00 AM - 1:00 PM EST
28
Feb
Saturday, February 28
11:00 AM - 1:00 PM EST

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 1,113 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

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

Exterior

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

Parking

Features Off Street
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,028
Assessed Value $361,300

Interior Features

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

Construction & Materials

Year Built: 1985
Structure Type: Garden
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street

Location

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Neighborhood

500 Colonial Dr # 5, 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

1 school
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
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
Learn about these ratings
School data provided by BMN Schools

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 $336
Homeowners Insurance $200
HOA Fee $514/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

Property Timeline

🏠
Listed for Sale
Feb 25, 2026
$424,999
Original listing
Office: DiPietro Group Real Estate

Price & Status History

Date Event Price Change
Feb 25, 2026 New Listing Added $424,999 —

Market Statistics

Time on Market
8 hours 32 minutes
Price per Sq Ft
$382

Tax History

Year Taxes Assessment
2025 $4,028 $361,300

Financial Details

Annual Property Tax
$4,028
Tax Year 2025
HOA Fee
$514
Monthly
Assessed Value
$361,300

Listing Information

Listing Agent Christine Carey
Listing Office DiPietro Group Real Estate
Agent MLS ID CN219413
Office MLS ID AN7162
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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