BMN Boston

Get our mobile app!

Download on the App Store

500 Colonial Drive # 214, Ipswich MA 01938

Ipswich, MA 01938
$405,000
Est. $3,060/month
2
Beds
2
Baths
1,110
Sq Ft
$365
Price/Sq Ft
1985
Year Built
17
Days on Market
Closed Listed Feb 6, 2025 • MLS# 73333101 Copied!

About this home

This spacious two-bedroom, two full-bath condo is in a fantastic location and has a vibrant community. The unit offers great potential. It has a full-size wash/dryer left as gifts. Elevator in building for easy access to unit and basement. HVAC is only two years old. Enjoy the charming balcony—perfect for morning coffee or an evening cocktail. The kitchen features a stainless-steel dishwasher, range, microwave, and even a garbage disposal. Additional storage in the basement provides space for bikes and more. Enjoy hanging out by the pool this summer! Located at the end of a cul-de-sac in a well-managed condo association, this home offers the opportunity to become an Ipswich resident, secure a beach pass and experience all that Ipswich has to offer year-round. Sunday O/H Cancelled: Monday 3:30-5:30pm Commuter O/H.

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
2
Full Bathrooms
2
Living Area
1,110 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $379,900
Final Sale Price: $405,000
Difference: +$25,100 (+6.6%)
Performance Metrics
106.6%
List to Sale Ratio
Sold above asking price
17
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $342
Sale $/sq ft: $365
This property sold for $365 per square foot
Sale Summary

This property sold for 6.6% above the original asking price, indicating strong buyer demand.

With only 17 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
$365/sq ft
Area Average
$429/sq ft
Difference
14.9%

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 1,110 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Electric
Cooling Central Air
Flooring Tile, Vinyl, Carpet
Appliances Range, Dishwasher, Microwave, Washer, Dryer
Fireplace None
Basement N
Laundry Main Level, Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Features Storage

Exterior

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

Parking

Features Off Street, Guest
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 $4,025
Assessed Value $361,000

Interior Features

Flooring: Tile, Vinyl, Carpet
Appliances: Range, Dishwasher, Microwave, Washer, Dryer
Interior Features: Storage
Windows:
Basement: N
Laundry: Main Level, Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Security: Intercom

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Electric
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
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: Off Street, Guest

Location

Loading map...

Neighborhood

500 Colonial Drive # 214, Ipswich MA 01938

Ipswich, MA 01938

Walkability

Loading Walk Score...

Nearby Schools

School information not available for this location.

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 $335
Homeowners Insurance $200
HOA Fee $477/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

6.2%
Price Range
18
Total Days on Market

Property Timeline

Sold
Apr 1, 2025
$405,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Feb 6, 2025
$379,900
Original listing
Agent: Terri Sheppard Office: J. Barrett & Company

Price & Status History

Date Event Price Change
Feb 6, 2025 New Listing Added $379,900

Market Statistics

Days on Market
17 days
Price per Sq Ft
$365

Tax History

Year Taxes Assessment
2025 $4,025 $361,000

Financial Details

Annual Property Tax
$4,025
Tax Year 2025
HOA Fee
$477
Monthly
Assessed Value
$361,000

Listing Information

Listing Office J. Barrett & Company
Agent MLS ID G8002137
Office MLS ID AC1087
Listing Data Updated Apr 1, 2025 10:56 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Ipswich, MA

Real-time market trends and pricing data for this area

500 Colonial Drive # 214, Ipswich MA 01938 - Photo 1 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 2 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 3 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 4 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 5 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 6 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 7 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 8 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 9 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 10 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 11 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 12 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 13 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 14 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 15 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 16 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 17 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 18 500 Colonial Drive # 214, Ipswich MA 01938 - Photo 19
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour