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500 Colonial Drive # 301, Ipswich MA 01938

Ipswich, MA 01938
$401,000
Est. $2,862/month
1
Beds
1
Baths
787
Sq Ft
$510
Price/Sq Ft
0.00
Acres
1985
Year Built
16
Days on Market
Closed Listed May 15, 2024 • MLS# 73238291 Copied!

About this home

Welcome to this pristine top floor one bedroom corner unit at River Ridge in Ipswich! Take the elevator up to see this beautifully renovated condo with great attention to detail and craftsmanship. Enjoy cooking your meals in the gorgeous new kitchen with quartz countertops and stainless steel appliances. Updates also include luxury vinyl flooring, new carpet, freshly painted walls, a new bathroom, lighting fixtures, and more!! Sit out on your balcony and enjoy the nestled wooded surroundings or cool off inside with the central air. Association amenities include an outdoor in-ground pool with a clubhouse and nearby conservation walking paths. Assigned parking, pets allowed, and in unit laundry. The location is fantastic! Close to historic downtown Ipswich, the MBTA commuter rail, fine dining establishments, and Crane’s beach. Private showings Sunday 1:00-2:00. OFFER DEADLINE Sunday @ 5:00pm

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
1
Full Bathrooms
1
Living Area
787 sq ft
Total Rooms
3
Stories
3
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $349,900
Final Sale Price: $401,000
Difference: +$51,100 (+14.6%)
Performance Metrics
114.6%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $445
Sale $/sq ft: $510
This property sold for $510 per square foot
Sale Summary

This property sold for 14.6% above the original asking price, indicating strong buyer demand.

With only 16 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
$510/sq ft
Area Average
$429/sq ft
Difference
+18.9%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 787 sq ft
Lot Size 0.0000
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

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

Exterior

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

Parking

Features Assigned
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 $3,108
Assessed Value $282,100

Interior Features

Flooring: Tile, Vinyl, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: Common Area, In Unit, Electric Dryer Hookup, Washer Hookup
Security: Intercom

Construction & Materials

Year Built: 1985
Structure Type: Garden
Exterior Materials:
Roof: Shingle
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Central, Forced Air, Heat Pump
Cooling: Central Air, Heat Pump
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: Assigned

Location

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Neighborhood

500 Colonial Drive # 301, 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

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 $259
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

12.7%
Price Range
5
Total Days on Market

Property Timeline

Sold
Jul 3, 2024
$401,000
Property sold
Days on Market: 5
🏠
Listed for Sale
May 15, 2024
$349,900
Original listing
Office: eXp Realty

Price & Status History

Date Event Price Change
May 15, 2024 New Listing Added $349,900

Market Statistics

Days on Market
16 days
Price per Sq Ft
$510

Tax History

Year Taxes Assessment
2023 $3,108 $282,100

Financial Details

Annual Property Tax
$3,108
Tax Year 2023
HOA Fee
$375
Monthly
Assessed Value
$282,100

Listing Information

Listing Office eXp Realty
Agent MLS ID CN256437
Office MLS ID AC0342
Listing Data Updated Jul 8, 2024 10:18 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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