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500 Colonial Dr # 5, Ipswich MA 01938

Ipswich, MA 01938
$405,000
Est. $3,098/month
2
Beds
2
Baths
1,113
Sq Ft
$364
Price/Sq Ft
1985
Year Built
35
Days on Market
Closed Listed Feb 25, 2026 • MLS# 73480239 Copied!

About this home

GROUND LEVEL UNIT - This 2-bedroom, 2 full bath is privately set in the rear of the last building, offering a quiet and peaceful location. The spacious primary suite features an ensuite bath and generous walk-in closet. The living and dining area, along with both bedrooms, showcase NEW luxury vinyl flooring, creating a fresh, modern feel throughout. Additional improvements by this owner include an upgraded heat pump/central AC condenser for added comfort. Enjoy your private patio w/room for chairs & side table. Association amenities include an outdoor in-ground pool with a clubhouse & nearby conservation walking paths. Assigned parking, pets allowed & in unit laundry, plus on site storage unit. Location is fantastic! Close to historic downtown Ipswich, the MBTA commuter rail, fine dining establishments, & Crane’s beach.

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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
Main Level Bedrooms
1

Sale Statistics

Sale Overview
Original List Price: $424,999
Final Sale Price: $405,000
Difference: $19,999 (-4.7%)
Performance Metrics
95.3%
List to Sale Ratio
Sold below asking price
35
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $382
Sale $/sq ft: $364
This property sold for $364 per square foot
Sale Summary

This property sold for 4.7% below the original asking price.

The property spent 35 days on market before selling.

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
Flooring Tile, Wood Laminate
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer
Fireplace None
Basement N
Laundry Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Features None

Exterior

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

Parking

Features Off Street
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,028
Assessed Value $361,300

Interior Features

Flooring: Tile, Wood Laminate
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer
Interior Features:
Windows:
Basement: N
Laundry: Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Security: Intercom

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Heat Pump, Electric
Cooling: Central Air
Cooling Zones: 1
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: 2
Parking Features: Off Street

Location

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Neighborhood

500 Colonial Dr # 5, Ipswich MA 01938

Ipswich, MA 01938

Walkability

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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 $336
Homeowners Insurance $200
HOA Fee $514/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

36.5%
Price Range
37
Total Days on Market
1
Previous Sales

Property Timeline

Sold
May 22, 2026
$405,000
Property sold
Days on Market: 37
📝
Contingency Update
Mar 20, 2026
Pending P&S
📋
Status: Active under contract
Mar 20, 2026
Active → Active Under Contract
Pending Sale
Mar 20, 2026
Offer accepted, sale pending
Back On Market
Mar 14, 2026
Active
📋
Status: Active under contract
Mar 7, 2026
Active → Active Under Contract
🏠
Listed for Sale
Feb 25, 2026
$424,999
Original listing
Agent: Christine Carey Office: DiPietro Group Real Estate
🏠
Listed for Sale
Feb 25, 2026
$424,999
Original listing
Office: DiPietro Group Real Estate
Previous Transaction - MLS #72553452
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 11, 2019
$270,000
MLS #72553452

Price & Status History

Date Event Price Change
Mar 20, 2026 Status: Active under contract $0
Mar 7, 2026 Status: Active under contract $0
Feb 25, 2026 New Listing Added $424,999
Feb 25, 2026 New Listing Added $424,999
Oct 11, 2019 Sold $270,000

Market Statistics

Days on Market
35 days
Price per Sq Ft
$364

Tax History

Year Taxes Assessment
2025 $4,028 $361,300

Financial Details

Annual Property Tax
$4,028
Tax Year 2025
HOA Fee
$514
Monthly
Assessed Value
$361,300

Listing Information

Listing Agent Christine Carey
Listing Office DiPietro Group Real Estate
Agent MLS ID CN219413
Office MLS ID AN7162
Listing Data Updated May 22, 2026 2:14 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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