NOT LISTED FOR SALE

500 Colonial Dr Unit 111 Ipswich, MA 01938

Estimated Value: $337,000 - $423,000

1 Bed
1 Bath
792 Sq Ft
1985 Built

Last Sold December 21, 2022

Last sale price $315,000 $398 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,300/month

15 Days on Market

Highlights

  • Custom Closet System
  • Clubhouse
  • Main Floor Primary Bedroom
  • Ipswich High School Rated A-
  • Property is near public transit
  • Community Pool

About This Home

As of December 2022

Designer Style in a Scenic Setting! Experience this generously sized one bedroom located at the end of a cul-de-sac that abuts Shady Creek Conservation. With a semi-open living/dining space, private balcony and renovated kitchen w/ Carrera marble countertops, stainless steel appliances and plenty of cabinets, the home has everything you need for daily living, work from home and entertaining. The bedroom boasts custom built-ins and two large closets all of which offer plenty of storage for clothes, books, and objects of interest. A full bath, stackable in-unit washer/dryer and supply closet round out the space. Other amenities include newly improved common areas, an elevator, a pool and pool/clubhouse and parking. The commuter train to Boston/Newburyport and lively, downtown Ipswich are seconds away. Seller has the right to accept any offer at any time.

Last Agent to Sell the Property

Edwin Barrow

Coldwell Banker Realty - Beverly Listed on: 10/10/2022

Coldwell Banker Realty - Beverly

Last Buyer's Agent

Edwin Barrow

Coldwell Banker Realty - Beverly Listed on: 10/10/2022

Coldwell Banker Realty - Beverly

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,757

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • Near Conservation Area

Home Design

  • Entry on the 2nd floor
  • Shingle Roof

Interior Spaces

  • 792 Sq Ft Home
  • 4-Story Property
  • Light Fixtures
  • Picture Window
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Custom Closet System
  • Dressing Area
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Assigned Parking

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 1957267

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include maintenance structure, road maintenance, ground maintenance, snow removal, trash
  • 100 Units
  • Low-Rise Condominium
  • River Ridge Community

Amenities

  • Clubhouse
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,757

Year Built

Built in 1985 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low-Rise
  • Year Built: 1985
  • Entry Level: 2
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Tile, Carpet
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Window(s) - Picture, Dressing Room
  • Room Master Bedroom Level: First
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
  • 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: Cabinets - Upgraded, Remodeled, Stainless Steel Appliances, Lighting - Overhead
  • Laundry Features: In Unit
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Wall to Wall Carpet, Window(s) - Picture, Balcony / Deck
  • Basement: N
  • Living Area: 792
  • Stories Total: 4
  • MAIN LO: AN6181
  • MAIN SO: AN6181

Exterior Features

  • Patio And Porch Features: Patio - Enclosed
  • Pool Features: Association
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Assigned
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Pool, Laundry, Elevator(s), Tennis Court(s), Storage, Clubhouse
  • Association Fee: 344
  • Association YN: Yes
  • Community Features: Pool, Tennis Court(s), Conservation Area, Public School, T-Station
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site

Fee Information

  • Association Fee Includes: Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash

Lot Info

  • Parcel Number: 1957267
  • Zoning: 1R
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2757.18

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2023
Sold by
Ruggieri Debra L and Ruggieri John A
Bought by
Ruggieri Ft
Current Estimated Value
$382,592

Purchase Details

Closed on
Aug 30, 2007
Sold by
Palladino Sheri
Bought by
Mirabile Michael T and Mirabile George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2005
Sold by
Dupre James F
Bought by
Palladino Sheri A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Ruggieri Ft -- None Available
Mirabile Michael T $185,000 --
Palladino Sheri A $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palladino Sheri A $148,000
Previous Owner Palladino Sheri A $157,500
Previous Owner Palladino Sheri A $80,000
Previous Owner Palladino Sheri A $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2022 12/21/22 Sold $315,000 -4.3% $398 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $329,000 -- $415 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $3,559 $319,200 $0 $319,200
2024 $3,340 $293,500 $0 $293,500
2023 $3,242 $265,100 $0 $265,100
2022 $2,757 $214,400 $0 $214,400
2021 $2,682 $202,900 $0 $202,900
2020 $2,554 $182,200 $0 $182,200
2019 $2,369 $168,100 $0 $168,100
2018 $2,305 $161,900 $0 $161,900
2017 $2,272 $160,100 $0 $160,100
2016 $2,187 $147,300 $0 $147,300
2015 $1,825 $135,100 $0 $135,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73046258

MLS Property Information Network (MLS PIN)

APN: IPSW-000053B-000047-000111