500 Colonial Drive # 106, Ipswich MA 01938

Ipswich, MA 01938
$342,000
Est. $1,820/month
1
Beds
1
Baths
785
Sq Ft
$436
Price/Sq Ft
1985
Year Built
Condominium
Type
13
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73290200

About this home

Affordable one bedroom condominium located in the desirable River Ridge Condominium complex at the end of a cul-de-sac abutting conservation land in Ipswich. Freshly painted interior, 1 bedroom 1 bath unit, new stainless-steel kitchen appliances and large windows. Washer and Dryer hook-up in unit as well as a laundry room in building. Private balcony and 1-car assigned parking. Association amenities include an elevator, clubhouse with outdoor inground pool, saunas and a nearby conservation area with walking paths. Minutes to downtown Ipswich, MA, MBTA Commuter rail, highways, parks, Ipswich River and of course Crane’s Beach!! Pets are allowed (please refer to association rules and regulations). ****Unit is being sold as is. Price reflects the need for a new heating/ac system. Showings start at Open House, Sunday, September 15th from 11:30-2:00 p.m.

Sale Statistics

Sale Overview
Original List Price: $305,000
Final Sale Price: $342,000
Difference: +$37,000 (+12.1%)
Performance Metrics
112.1%
List to Sale Ratio
Sold above asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $389
Sale $/sq ft: $436
This property sold for $436 per square foot
Sale Summary

This property sold for 12.1% above the original asking price, indicating strong buyer demand.

With only 13 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1985
Bedrooms
1
Full Bathrooms
1
Living Area
785 sq ft
Total Rooms
3
Stories
1
Entry Level
1

Interior Features

Flooring
Tile, Carpet
Heating
Heat Pump, Other
Has Heating
Yes
Cooling
Other
Has Cooling
Yes
Has Fireplace
No
Appliances
ENERGY STAR Qualified Dishwasher, Range Hood, Range
Laundry Features
In Basement, Electric Dryer Hookup, Washer Hookup
Basement Details
N
Accessibility Features
No

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Exterior Features
Balcony
Has Spa
No
Pool Features
Association, In Ground
Waterfront Features
Ocean, River, 1/2 to 1 Mile To Beach
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1

Utilities & Systems

Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Public School
HOA Fee
$350
HOA Fee Frequency
Monthly
Association Amenities
Pool, Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$3,203
Tax Year
2024
Tax Assessed Value
$281,700
Parcel Number
1957286
Zoning
1R

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Price reflects the need for new Heating/AC system. Refrigerator is negotiable.
Exclusions
**refrigerator Negotiable.
Listing Terms
Contract

Location

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Neighborhood

500 Colonial Drive # 106, Ipswich MA 01938

Ipswich, MA 01938

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $267
Homeowners Insurance $200
HOA Fee $350
PMI $0

Property History

Market Insights

10.8%
Price Range
15
Total Days on Market

Property Timeline

Sold
Oct 15, 2024
$342,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Sep 14, 2024
$305,000
Original listing
Agent: Barbara Thibodeau Office: LAER Realty Partners

Price & Status History

Date Event Price Change
Sep 14, 2024 New Listing Added $305,000

Market Statistics

Days on Market
13 days
Price per Sq Ft
$436

Tax History

Year Taxes Assessment
2024 $3,203 $281,700

Financial Details

Annual Property Tax
$3,203
Tax Year 2024
HOA Fee
$350
Monthly
Assessed Value
$281,700

Listing Information

Listing Agent Barbara Thibodeau
Listing Office LAER Realty Partners
Agent MLS ID C8001178
Office MLS ID AN1202

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