NOT LISTED FOR SALE

500 Colonial Dr Unit 106 Ipswich, MA 01938

Estimated Value: $318,000 - $348,071

1 Bed
1 Bath
785 Sq Ft
$350/ mo HOA Fee

Last Sold October 15, 2024

Last sale price $342,000 $436 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,432/month

5 Days on Market

Highlights

  • In Ground Pool
  • Main Floor Primary Bedroom
  • Elevator
  • Property is near public transit and schools
  • Solid Surface Countertops
  • Stainless Steel Appliances

About This Home

As of October 2024

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.

Last Agent to Sell the Property

Barbara Thibodeau

LAER Realty Partners Listed on: 09/13/2024

LAER Realty Partners

Last Buyer's Agent

Lisa Biggar

LAER Realty Partners

LAER Realty Partners

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,203

Year Built

  • Built in 1985

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 1 Car Parking Space

Home Design

  • Garden Home
  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 785 Sq Ft Home
  • 1-Story Property
  • Laundry in Basement
  • Intercom
  • Washer and Electric Dryer Hookup

Kitchen

  • Range with Range Hood
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Outdoor Features

  • In Ground Pool
  • Balcony

Location

  • Property is near public transit and schools

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 1957286

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, road maintenance, ground maintenance, snow removal
  • 100 Units
  • Low-Rise Condominium

Amenities

  • Common Area
  • Shops
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,203

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden, Low-Rise
  • Year Built: 1985
  • Entry Level: 1
  • Year Built Details: Approximate
  • Year Round: Yes
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Carpet
  • Fireplace YN: No
  • Appliances: ENERGY STAR Qualified Dishwasher, Range Hood, Range
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Level: First
  • Bathroom 1 Level: First
  • Room Dining Room Features: Flooring - Wall to Wall Carpet
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
  • Laundry Features: In Basement, Electric Dryer Hookup, Washer Hookup
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Wall to Wall Carpet
  • Basement: N
  • Accessibility Features: No
  • Living Area: 785
  • Other Equipment: Intercom
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN1199
  • MAIN SO: AN1199
  • Insulation: Unknown

Exterior Features

  • Exterior Features: Balcony
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Pool Features: Association, In Ground
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, River, 1/2 to 1 Mile To Beach
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Cooling: Other
  • Heating: Heat Pump, Other
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Association Amenities: Pool, Elevator(s)
  • Association Fee: 350
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Pool, Public School
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal

Lot Info

  • Parcel Number: 1957286
  • Zoning: 1R
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3203

Multi Family

  • Number Of Units Total: 100
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2025
Sold by
Floyd Ret and Dunham
Bought by
Unit 106 Rt and Dunham
Current Estimated Value
$337,018

Purchase Details

Listed on
Sep 13, 2024
Closed on
Oct 10, 2024
Sold by
Ethan Nt and Uzdarwin
Bought by
Floyd Ret and Dunham
Seller's Agent
Barbara Thibodeau
LAER Realty Partners
Buyer's Agent
Lisa Biggar
LAER Realty Partners
List Price
$305,000
Sold Price
$342,000
Premium/Discount to List
$37,000
12.13%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.02%

Purchase Details

Closed on
Apr 21, 1995
Sold by
Lomas Mtg Usa Inc
Bought by
Legacy Rt

Purchase Details

Closed on
Feb 11, 1994
Sold by
Taubman David
Bought by
Lomas Mtg Usa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Unit 106 Rt -- --
Unit 106 Rt -- --
Unit 106 Rt -- --
Floyd Ret $342,000 None Available
Floyd Ret $342,000 None Available
Floyd Ret $342,000 None Available
Floyd Ret $342,000 None Available
Legacy Rt $50,000 --
Legacy Rt $50,000 --
Lomas Mtg Usa $55,250 --
Lomas Mtg Usa $55,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lomas Mtg Usa $157,500
Previous Owner Lomas Mtg Usa $49,150
Previous Owner Lomas Mtg Usa $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2024 10/15/24 Sold $342,000 +12.1% $436 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $305,000 -- $389 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,371 $302,300 $0 $302,300
2024 $3,206 $281,700 $0 $281,700
2023 $3,227 $263,900 $0 $263,900
2022 $2,744 $213,400 $0 $213,400
2021 $2,670 $202,000 $0 $202,000
2020 $2,542 $181,300 $0 $181,300
2019 $2,357 $167,300 $0 $167,300
2018 $2,295 $161,200 $0 $161,200
2017 $2,262 $159,400 $0 $159,400
2016 $2,178 $146,700 $0 $146,700
2015 $1,817 $134,500 $0 $134,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73290200

MLS Property Information Network (MLS PIN)

APN: IPSW-000053B-000047-000106

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