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500 Colonial Dr # 5, Ipswich MA 01938

Ipswich, MA 01938
$270,000
Est. $2,194/month
2
Beds
2
Baths
1,113
Sq Ft
$243
Price/Sq Ft
1985
Year Built
49
Days on Market
Closed Listed Aug 22, 2019 • MLS# 72553452 Copied!

About this home

Wonderful OPEN CONCEPT condominium at River Ridge in Ipswich. This 2 bed 2 full bath GROUND Floor unit, is located in the back of last building of this complex with COVERED PATIO (NOT included in sq. ft.) enough space for a couple of chairs and a side table! Beautiful landscaping and close to POOL and CLUBHOUSE. Master bedroom with ENSUITE BATH & a generous WALK-IN closet. CENTRAL AIR and WASHER and DRYER in unit. One assigned parking space and also guest parking. CARPET in Living/Dining area replaced 2016, WINDOWS replaced 2005, HW HEATER replaced 2 years ago, FRESHLY PAINTED Master BEDROOM. Close to town, TRAIN, restaurants, shops and CRANE'S BEACH ($20 parking sticker per year). You won't want to miss this one!

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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

Sale Statistics

Sale Overview
Original List Price: $280,000
Final Sale Price: $270,000
Difference: $10,000 (-3.6%)
Performance Metrics
96.4%
List to Sale Ratio
Sold below asking price
49
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $252
Sale $/sq ft: $243
This property sold for $243 per square foot
Sale Summary

This property sold for 3.6% below the original asking price.

The property spent 49 days on market before selling.

Nearby Sales Comparison

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

This Property
$243/sq ft
Area Average
$429/sq ft
Difference
43.3%

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 1,113 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

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

Exterior

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

Parking

Features Off Street, Assigned, Guest
Total Spaces 1

Utilities

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

Financial

Annual Tax $3,050
Assessed Value $216,500

Interior Features

Flooring: Tile, Carpet
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: In Unit, Electric Dryer Hookup, Washer Hookup
Security: Intercom, TV Monitor

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Heat Pump, Electric
Cooling: Central Air, Heat Pump
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: 1
Parking Features: Off Street, Assigned, Guest

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

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
2.1 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
1.3 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
1.3 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 $254
Homeowners Insurance $200
HOA Fee $375/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

3.6%
Price Range
32
Total Days on Market

Property Timeline

Sold
Oct 11, 2019
$270,000
Property sold
Days on Market: 32
🏠
Listed for Sale
Aug 22, 2019
$280,000
Original listing
Agent: Andrea Della Valle Office: Windhill Realty, LLC

Price & Status History

Date Event Price Change
Apr 3, 2026 Sold $424,999
Aug 22, 2019 New Listing Added $280,000

Market Statistics

Days on Market
49 days
Price per Sq Ft
$243

Tax History

Year Taxes Assessment
2019 $3,050 $216,500

Financial Details

Annual Property Tax
$3,050
Tax Year 2019
HOA Fee
$375
Monthly
Assessed Value
$216,500

Listing Information

Listing Agent Andrea Della Valle
Listing Office Windhill Realty, LLC
Agent MLS ID CN222523
Office MLS ID C95171
Listing Data Updated Oct 11, 2019 11:14 AM 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

Real-time market trends and pricing data for this area

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