NOT LISTED FOR SALE

500 Colonial Dr Unit 3 Ipswich, MA 01938

Estimated Value: $342,000 - $356,000

1 Bed
1 Bath
780 Sq Ft
1985 Built

Sale Details

Date Sold: February 5, 2026

Last sale price $354,900 $455 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,618 / mo

63 Days on Market

Highlights

  • In Ground Pool
  • Landscaped Professionally
  • Property is near public transit and schools
  • Open Floorplan
  • Clubhouse
  • Main Floor Primary Bedroom

About This Home

As of February 2026

Nicely updated first level Garden Style Condo features 1 bedroom, living room/dining area combination, a large Bedroom with large walk in closet, and a beautifully remodeled kitchen with maple cabinetry, granite counters, and Stainless Steel appliances. The living room has a walk out to your own patio and common lawn area. There is highly durable Vinyl plank flooring, recessed lighting, in unit laundry. There is a nicely updated bath with oversized shower . Your storage unit is directly across the hall. Great options to relax with clubhouse and in ground pool. Located near the train and downtown with easy commuter access, shopping, and nice restaurants. Cranes Beach is a 15 minute ride and offers biking, hiking trails, conservation land, and nearby canoe launch for Ipswich River access. Well maintained Complex that is Pet friendly . Why rent when you can buy? See it today.

Last Agent to Sell the Property

James Joly

Boardwalk Real Estate Listed on: 10/14/2025

Last Buyer's Agent

Brian Carey

Prism Real Estate Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,818

Year Built

  • Built in 1985

Lot Details

  • No Units Located Below
  • Landscaped Professionally

HOA Fees

  • $393 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 780 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Decorative Lighting
  • Light Fixtures
  • Exterior Basement Entry
  • Intercom

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Common or Shared Parking
  • Paved Parking
  • Guest Parking
  • 1 Open Parking Space
  • Off-Street Parking
  • Deeded Parking
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Patio

Location

  • Property is near public transit and schools

Schools

  • Winthrop Elementary School
  • Ipswich Middle School
  • Ipswich High School

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number M:53B B:0047 L:A3,1957353

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, road maintenance, ground maintenance, snow removal, trash, reserve funds
  • 100 Units
  • River Ridge Of Ipswich Community

Amenities

  • Common Area
  • Shops
  • Clubhouse
  • Elevator

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,818

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

HOA Fees

$393 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1985
  • Entry Level: 1
  • Year Built Details: Actual,Approximate
  • Year Round: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Vinyl, Vinyl / VCT
  • Door Features: Storm Door(s)
  • Entry Location: Unit Placement(Back,Ground,Walkout,Garden)
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Total Bedrooms: 1
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Walk-In Closet(s), Flooring - Vinyl, Recessed Lighting
  • Room Master Bedroom Level: First
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Pendant, Lighting - Overhead
  • Bathroom 1 Level: First
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Lighting - Overhead
  • Laundry Features: First Floor, In Unit, Electric Dryer Hookup, Washer Hookup
  • Room Living Room Level: Main,First
  • Room Living Room Features: Flooring - Vinyl, Exterior Access, Open Floorplan, Recessed Lighting, Lighting - Overhead
  • Basement: N
  • Above Grade Finished Sq Ft: 780
  • Living Area: 780
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: B30601
  • MAIN SO: AN7071
  • Insulation: Unknown

Exterior Features

  • Exterior Features: Patio, Professional Landscaping
  • Common Walls: No One Below
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Patio And Porch Features: Patio
  • Pool Features: Association, In Ground
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 1
  • Open Parking YN: Yes
  • Parking Features: Off Street, Assigned, Deeded, Common, Guest, Paved
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Pool, Elevator(s), Tennis Court(s), Clubhouse
  • Association Fee: 393
  • Association Fee Frequency: Monthly
  • Community Features: Shopping, Pool, Tennis Court(s), Highway Access, House of Worship, Public School, T-Station
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site, Owner Association

Fee Information

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

Lot Info

  • Parcel Number: M:53B B:0047 L:A3,1957353
  • Zoning: 1R
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 3818

Multi Family

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

MLS Schools

  • High School: Ipswich High
  • Elementary School: Winthrop
  • Middle Or Junior School: Ipswich Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2025
Closed on
Jan 24, 2026
Sold by
Burke Kimberly and Burke Thomas B
Bought by
Markuson Benjamin
Seller's Agent
James Joly
Boardwalk Real Estate
Buyer's Agent
Brian Carey
Prism Real Estate Group
List Price
$369,900
Sold Price
$354,900
Premium/Discount to List
-$15,000
-4.06%
Views
82
Current Estimated Value
$351,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,811
Avg. Annual Appreciation
-3.64%

Purchase Details

Closed on
Aug 16, 2021
Sold by
Allen Jean
Bought by
Burke Kimberly and Burke Thomas B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2020
Sold by
Connolly Patrick M
Bought by
Allen Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2013
Sold by
Dacey Barbara
Bought by
Connolly Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2000
Sold by
Armstrong Patricia and Armstrong Helen C
Bought by
Dacey Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
8.23%

Purchase Details

Closed on
Dec 23, 1996
Sold by
Phaneuf Brian and Phaneuf Gina
Bought by
Armstrong Patricia and Armstrong Helen

Purchase Details

Closed on
May 9, 1994
Sold by
Phaneuf Mark and Phaneuf Jeffrey
Bought by
Phaneuf Brian and Longo Gina M
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
Markuson Benjamin $354,900 --
Burke Kimberly $310,000 None Available
Burke Kimberly A $310,000 None Available
Allen Jean M $235,000 None Available
Allen Jean M $235,000 None Available
Connolly Patrick $130,000 --
Dacey Barbara $113,500 --
Armstrong Patricia $71,000 --
Phaneuf Brian $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burke Kimberly A $248,000
Previous Owner Allen Jean M $211,500
Previous Owner Phaneuf Brian $100,000
Previous Owner Phaneuf Brian $26,000
Previous Owner Phaneuf Brian $61,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2026 02/05/26 Sold $354,900 0.0% $455 / Sq Ft
12/16/2025 12/16/25 Pending -- -- --
11/14/2025 11/14/25 Price Changed $354,900 -4.1% $455 / Sq Ft
10/14/2025 10/14/25 For Sale $369,900 -- $474 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Agents Affiliated with this Home

  • James Joly

    Seller's Agent in 2026

    James Joly

    Boardwalk Real Estate

    (781) 771-3781

    3 in this area

    59 Total Sales

    James Joly
    Section Image
  • Brian Carey

    Buyer's Agent in 2026

    Brian Carey

    Prism Real Estate Group

    (617) 839-8710

    1 in this area

    23 Total Sales

    Brian Carey
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73443521

MLS Property Information Network (MLS PIN)

APN: IPSW-000053B-000047-A000003

Massachusetts Essex County Ipswich 01938

500 Colonial Dr Unit 3, Ipswich, MA

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