NOT LISTED FOR SALE

500 Colonial Dr Unit 5 Ipswich, MA 01938

Estimated Value: $412,000 - $465,000

2 Beds
2 Baths
1,113 Sq Ft
$375/mo HOA Fee

Last Sold October 11, 2019

Last sale price $270,000 $243 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,002/month

40 Days on Market

Highlights

  • Intercom
  • Tile Flooring
  • Central Air
  • Ipswich High School Rated A-

About This Home

As of October 2019

Wonderful OPEN CONCEPT condominium at River Ridge in Ipswich. This 2 bed 2 full bath GROUND Floor unit, is located in the back of last building of this complex with COVERED PATIO (NOT included in sq. ft.) enough space for a couple of chairs and a side table! Beautiful landscaping and close to POOL and CLUBHOUSE. Master bedroom with ENSUITE BATH & a generous WALK-IN closet. CENTRAL AIR and WASHER and DRYER in unit. One assigned parking space and also guest parking. CARPET in Living/Dining area replaced 2016, WINDOWS replaced 2005, HW HEATER replaced 2 years ago, FRESHLY PAINTED Master BEDROOM. Close to town, TRAIN, restaurants, shops and CRANE'S BEACH ($20 parking sticker per year). You won't want to miss this one!

Last Agent to Sell the Property

Andrea Della Valle

Churchill Properties License #454007861 Listed on: 08/22/2019

Co-Listed By

Denise Mootafian

Windhill Realty, LLC

Last Buyer's Agent

Paul Nameche

Jebb Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,028

Year Built

  • Built in 1985

HOA Fees

  • $375 per month

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:53B B:0047 L:A5

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,028

Year Built

Built in 1985

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 251.57
  • Comp Based On: Net Sale Price
  • Year Built: 1985
  • Unit Building: 5
  • Unit Level: 1
  • Unit Placement: Ground, Lower Level, Walkout
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1985

Interior Features

  • Flooring: Tile, Wall to Wall Carpet
  • Interior Amenities: Cable Available, Intercom
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: First Floor, Dimension: 12.5X25, Bathroom - Full, Closet - Walk-in, Flooring - Wall to Wall Carpet
  • Bedroom 2: On Level: First Floor, Dimension: 12X12, Flooring - Wall to Wall Carpet, Closet - Double
  • Full Bathrooms: 2
  • Bathroom 1: On Level: First Floor, Bathroom - Full, Bathroom - With Tub, Flooring - Stone/Ceramic Tile
  • Bathroom 2: On Level: First Floor, Bathroom - Full, Flooring - Stone/Ceramic Tile
  • No Rooms: 4
  • Dining Room: On Level: First Floor, Flooring - Wall to Wall Carpet
  • Kitchen: On Level: First Floor, Dimension: 8X10.5, Flooring - Stone/Ceramic Tile, Stainless Steel Appliances
  • Living Room: On Level: First Floor, Dimension: 14X22.5, Flooring - Wall to Wall Carpet, Exterior Access
  • No Living Levels: 1
  • Main Lo: C95171
  • Main So: AN1871
  • Estimated Sq Ft: 1113.00

Exterior Features

  • Beachfront Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Exterior Unit Features: Patio
  • Pool Description: Inground

Garage/Parking

  • Parking Feature: Off-Street, Assigned, Guest
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air, Heat Pump
  • Heating: Heat Pump, Electric
  • Hot Water: Electric
  • Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Swimming Pool, Park, Walk/Jog Trails, Golf Course, Public School
  • HOA Fees: 375.00
  • Association Fee Includes: Hot Water, Water, Sewer, Master Insurance, Swimming Pool, Landscaping, Snow Removal, Refuse Removal, Clubhouse, Reserve Funds
  • Condo Association: Yes
  • Association Pool: Yes
  • Association Security: Intercom, TV Monitor
  • Management: Professional - On Site

Association/Amenities

  • Condominium Name: River Ridge Condominium

Schools

  • Elementary School: Winthrop
  • Middle School: IMS
  • High School: IHS

Lot Info

  • Assessments: 216500.00
  • Page: 597
  • Parcel Number: M:53B B:0047 L:A5
  • Zoning: 1R

Green Features

  • Energy Features: Insulated Windows

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 3050.00
  • Assessor Parcel Number: 1957265

Multi Family

  • No Units: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2021
Sold by
Arash Siavash
Bought by
Arash Siavash and Arash Restrepo-Steimel R
Current Estimated Value
$433,365

Purchase Details

Listed on
Aug 22, 2019
Closed on
Sep 10, 2019
Sold by
Norris Sally L
Bought by
Arash Siavash
Seller's Agent
Andrea Della Valle
Churchill Properties
Buyer's Agent
Paul Nameche
Jebb Realty, LLC
List Price
$280,000
Sold Price
$270,000
Premium/Discount to List
-$10,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$270,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2000
Sold by
Est Mailey Jane M and Mailey Robert M
Bought by
Norris Sally L

Purchase Details

Closed on
Jul 5, 1995
Sold by
Bornstein Scott E and Bornstein Sarah S
Bought by
Miley Jane M

Purchase Details

Closed on
May 24, 1991
Sold by
Warren Peter J
Bought by
Borstein Scott E
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
Arash Siavash -- None Available
Arash Siavash $270,000 --
Norris Sally L $140,000 --
Miley Jane M $80,500 --
Borstein Scott E $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arash Siavash $270,000
Previous Owner Borstein Scott E $10,000
Previous Owner Borstein Scott E $120,000
Previous Owner Borstein Scott E $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2019 10/11/19 Sold $270,000 -3.6% $243 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/30/2019 09/30/19 For Sale $280,000 0.0% $252 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
08/22/2019 08/22/19 For Sale $280,000 -- $252 / 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 $4,028 $361,300 $0 $361,300
2024 $4,131 $363,000 $0 $363,000
2023 $4,164 $340,500 $0 $340,500
2022 $3,546 $275,700 $0 $275,700
2021 $3,453 $261,200 $0 $261,200
2020 $3,288 $234,500 $0 $234,500
2019 $3,050 $216,500 $0 $216,500
2018 $2,975 $208,900 $0 $208,900
2017 $2,933 $206,700 $0 $206,700
2016 $2,824 $190,200 $0 $190,200
2015 $2,359 $174,600 $0 $174,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72553452

MLS Property Information Network (MLS PIN)

APN: IPSW-000053B-000047-A000005