NOT LISTED FOR SALE

500 Colonial Dr Unit 7 Ipswich, MA 01938

Estimated Value: $335,000 - $358,728

1 Bed
1 Bath
787 Sq Ft
1985 Built

Last Sold June 30, 2016

Last sale price $155,000 $197 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $2,112/month

4 Days on Market

Highlights

  • Waterfront
  • Clubhouse
  • Community Pool
  • Ipswich High School Rated A-
  • Main Floor Primary Bedroom
  • Recreation Facilities

About This Home

As of June 2016

Get it while you can. Your own personal ground floor entrance for your one level condo. Nice big bedroom and bath. Fresh, clean, and ready for you to move right in. Be the first to step on the new carpet. Separate storage area and laundry at your level. Outdoor pool and clubhouse. Professionally managed . Close to everything downtown Ipswich offers. Access to breathtaking beaches and a quick drive to the train station.

Last Agent to Sell the Property

Lisa Ramos

Coldwell Banker Realty - Manchester Listed on: 05/18/2016

Coldwell Banker Realty - Manchester

Last Buyer's Agent

Andrea Lacroix

Churchill Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,181

Year Built

  • Built in 1985

Lot Details

  • Waterfront

Home Design

  • Garden Home
  • Entry on the 1st floor

Interior Spaces

  • 787 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet
  • Microwave

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • Paved Parking
  • Open Parking

Schools

  • Ipswich High School

Utilities

  • Central Air
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 1957286

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include sewer, maintenance structure, ground maintenance, snow removal, reserve funds
  • 100 Units
  • River Ridge Community

Amenities

  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Recreation Facilities
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,181

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1985
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet
  • Entry Location: Unit Placement(Ground,Walkout)
  • Fireplace YN: No
  • Appliances: Microwave,Refrigerator
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Level: First
  • Master Bathroom Features: No
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Laundry Features: In Building
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Wall to Wall Carpet
  • Living Area: 787
  • Stories Total: 1
  • MAIN LO: C95243
  • LIST PRICE PER Sq Ft: 196.95
  • PRICE PER Sq Ft: 196.95
  • MAIN SO: C95171

Exterior Features

  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Hot Water, Pool, Laundry, Elevator(s), Recreation Facilities, Clubroom
  • Association Fee: 288
  • Association YN: Yes
  • UNIT BUILDING: 7
  • MANAGEMENT: Professional - Off Site

Fee Information

  • Association Fee Includes: Sewer, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds

Lot Info

  • Parcel Number: 1957286
  • Zoning: 1R
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 455

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2181
  • Tax Book Number: 22984

Multi Family

  • Number Of Units Total: 100

MLS Schools

  • High School: Ipswich

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2016
Closed on
Jul 5, 2016
Sold by
Vanden-Bosch M Donald and Vanden-Bosch Sandra S
Bought by
Mansell Pamela M
Seller's Agent
Lisa Ramos
Coldwell Banker Realty - Manchester
Buyer's Agent
Andrea Lacroix
Churchill Properties
List Price
$155,000
Sold Price
$155,000
Current Estimated Value
$346,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,432
Avg. Annual Appreciation
9.02%
Original Mortgage
$116,250
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 11, 2004
Sold by
Mcgann Joann E
Bought by
Vanden-Bosch M Donald M and Vanden-Bosch Sandra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,400
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2001
Sold by
Sanford Patrick D
Bought by
Mcgann Joann E

Purchase Details

Closed on
Jul 20, 1995
Sold by
Mcelroy Ralph M and Hooley Sheila A
Bought by
Sanford Patrick D

Purchase Details

Closed on
Jul 17, 1987
Sold by
Meininger Deborah A
Bought by
Mcelroy Ralph M
Source: Public Records

Range of Values:

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Average Value
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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
Mansell Pamela M $155,000 --
Vanden-Bosch M Donald M $173,000 --
Mcgann Joann E $138,500 --
Sanford Patrick D $52,000 --
Mcelroy Ralph M $109,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcelroy Ralph M $95,000
Closed Mansell Pamela M $116,250
Previous Owner Mcelroy Ralph M $145,000
Previous Owner Mcelroy Ralph M $138,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2016 06/30/16 Sold $155,000 0.0% $197 / Sq Ft
05/21/2016 05/21/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $155,000 -- $197 / 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 $3,374 $302,600 $0 $302,600
2024 $3,210 $282,100 $0 $282,100
2023 $3,231 $264,200 $0 $264,200
2022 $2,748 $213,700 $0 $213,700
2021 $2,674 $202,300 $0 $202,300
2020 $2,546 $181,600 $0 $181,600
2019 $2,360 $167,500 $0 $167,500
2018 $2,298 $161,400 $0 $161,400
2017 $2,265 $159,600 $0 $159,600
2016 $2,181 $146,900 $0 $146,900
2015 $1,820 $134,700 $0 $134,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72007686

MLS Property Information Network (MLS PIN)

APN: IPSW-000053B-000047-A000007