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500 Colonial Drive # 207, Ipswich MA 01938

Ipswich, MA 01938
$286,000
Est. $2,199/month
1
Beds
1
Baths
785
Sq Ft
$364
Price/Sq Ft
1985
Year Built
7
Days on Market
Closed Listed Mar 7, 2022 • MLS# 72949615 Copied!

About this home

Great location,Great Condo !!! This 1 bedroom, 1 bathroom condo has it is all w/ an open concept living area, balcony, in-unit washer/dryer, parking space (#98), & separate storage unit on ground level. A well sized living / dining area approx. 13' x20'. w/ picture window. Kitchen has an opening to living room w/ breakfast bar. Large bedroom w/ picture window & two closets w/ access to the bathroom. A stackable in-unit washer and dryer as well as a coin operated laundry on the ground level. Living at River Edge Condominium complex also includes access to the association pool, clubhouse, and saunas while enjoying the maintained landscaping, building maintenance & snow removal. A well run condo association supports this complex. Come enjoy living here & be close to downtown Ipswich, MBTA rail station, trails /scenic areas & other recreational areas Ipswich has to offer like Crane's beach (approx 6 miles) & Ipswich river to kayak/Canoe. Private showing prior open house via showingtime.

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Property Overview

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

Sale Statistics

Sale Overview
Original List Price: $275,000
Final Sale Price: $286,000
Difference: +$11,000 (+4.0%)
Performance Metrics
104.0%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $350
Sale $/sq ft: $364
This property sold for $364 per square foot
Sale Summary

This property sold for 4.0% above the original asking price, indicating strong buyer demand.

With only 7 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 785 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 2

Interior

Heating Forced Air, Heat Pump
Cooling Central Air, Heat Pump
Flooring Tile, Vinyl, Carpet
Appliances Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer/dryer
Fireplace None
Basement N
Laundry Flooring - Stone/ceramic Tile, Electric Dryer Hookup, Washer Hookup, Second Floor, In Building, In Unit
Features None

Exterior

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

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 Oven

Financial

Annual Tax $2,744
Assessed Value $213,400

Interior Features

Flooring: Tile, Vinyl, Carpet
Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer/Dryer
Interior Features:
Windows:
Basement: N
Laundry: Flooring - Stone/Ceramic Tile, Electric Dryer Hookup, Washer Hookup, Second Floor, In Building, In Unit
Security: Intercom

Construction & Materials

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

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Covered Patio/Deck
Patio & Porch: Covered
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 Drive # 207, 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 $229
Homeowners Insurance $200
HOA Fee $324/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

17.9%
Price Range
10
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73214796
Full transaction history available when tracking began
🏷️
Previously Sold
May 30, 2024
$335,000
MLS #73214796
Sold
May 23, 2022
$286,000
Property sold
Days on Market: 10
🏠
Listed for Sale
Mar 7, 2022
$275,000
Original listing
Agent: Mitchell Rosenwald Office: RE/MAX 360

Price & Status History

Date Event Price Change
May 30, 2024 Sold $335,000
Mar 7, 2022 New Listing Added $275,000

Market Statistics

Days on Market
7 days
Price per Sq Ft
$364

Tax History

Year Taxes Assessment
2022 $2,744 $213,400

Financial Details

Annual Property Tax
$2,744
Tax Year 2022
HOA Fee
$324
Monthly
Assessed Value
$213,400

Listing Information

Listing Agent Mitchell Rosenwald
Listing Office RE/MAX 360
Agent MLS ID CT008010
Office MLS ID AN6151
Listing Data Updated May 23, 2022 2:34 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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