500 Colonial Drive # 214, Ipswich MA 01938

Ipswich, MA 01938

$405,000

Beds

Baths

1,110

Sq Ft

$365

Price/Sq Ft

1985

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Feb 6, 2025 • MLS# 73333101 Copied! • Updated Apr 1, 2025

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Sale Statistics

Sale Overview

Original List Price: $379,900

                            Final Sale Price:
                            $405,000
                        

Difference: +$25,100 (+6.6%)

Performance Metrics

106.6%

List to Sale Ratio

Sold above asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $342

                            Sale $/sq ft:
                            $365
                        

This property sold for $365 per square foot

Sale Summary

This property sold for 6.6% above the original asking price, indicating strong buyer demand.

With only 17 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property

$365/sq ft

Area Median

$427/sq ft

Difference

14.5%

This property sold below the area median, potentially representing good value for the buyer.

About this home

This spacious two-bedroom, two full-bath condo is in a fantastic location and has a vibrant community. The unit offers great potential. It has a full-size wash/dryer left as gifts. Elevator in building for easy access to unit and basement. HVAC is only two years old. Enjoy the charming balcony—perfect for morning coffee or an evening cocktail. The kitchen features a stainless-steel dishwasher, range, microwave, and even a garbage disposal. Additional storage in the basement provides space for bikes and more. Enjoy hanging out by the pool this summer! Located at the end of a cul-de-sac in a well-managed condo association, this home offers the opportunity to become an Ipswich resident, secure a beach pass and experience all that Ipswich has to offer year-round. Sunday O/H Cancelled: Monday 3:30-5:30pm Commuter O/H.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

6.2%

Price Range

Total Days on Market

Property Timeline

✓

Sold

Apr 1, 2025

$405,000

Property sold

Days on Market: 18

🏠

Listed for Sale

Feb 6, 2025

$379,900

Original listing

Agent: Terri Sheppard Office: J. Barrett & Company

Date	Event	Price	Change	$/sqft	Details
04/01/2025	✓ Sold	$405,000	-	-	Property sold
02/06/2025	🏠 Listed for Sale	$379,900	-	-	Original listing

Tax History

Year	Taxes	Assessment
2025	$4,025	$361,000

Financial Details

Annual Property Tax

$4,025

Tax Year 2025

HOA Fee

$477

Monthly

Assessed Value

$361,000

Facts & Features

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 1985

Living Area 1,110 sq ft

Bedrooms 2

Full Baths 2

Total Rooms 4

Interior

Heating Electric

Cooling Central Air

Flooring Tile, Vinyl, Carpet

Appliances Range, Dishwasher, Microwave, Washer, Dryer

Fireplace None

Basement N

Laundry Main Level, Electric Dryer Hookup, Washer Hookup, First Floor, In Unit

Features Storage

Exterior

Construction Frame

Architecture None

Roof Shingle

Features Balcony

Pool Association, In Ground

Spa None

Fencing None

Patio/Porch None

Parking

Features Off Street, Guest

Total Spaces 1

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,025

Assessed Value $361,000

HOA & Community

HOA Fee $477 Monthly

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

Amenities Pool, Elevator(s)

Optional Fee Includes None

MA Disclosures

Seller Disclosures Does Not Include A Refrigerator. Selling As Is, Any Home Inspection Will Be For Information Only.

Additional Details

Possession None

Accepted Financing Contract

Structure Type ["Mid-Rise"]

Unit/Building 214

Sq Ft Source Field Card

Sq Ft Disclosures Buyer Should Verify sq. ftg.

Documents Master Deed, Unit Deed, Rules & Regs (3)

County Essex

Total market time (incl. prior listings) 18 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1985

Bedrooms

Full Bathrooms

Living Area

1,110 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Tile, Vinyl, Carpet

Appliances: Range, Dishwasher, Microwave, Washer, Dryer

Interior Features: Storage

Windows:

Basement: N

Laundry: Main Level, Electric Dryer Hookup, Washer Hookup, First Floor, In Unit

Security: Intercom

Construction & Materials

Year Built: 1985

Structure Type: Mid-Rise

Exterior Materials: Frame

Roof: Shingle

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Electric

Heating Zones: 1

Cooling: Central Air

Cooling Zones: 1

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Balcony

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Total Parking Spaces: 1

Parking Features: Off Street, Guest

Nearby Schools

School information not available for this location.

Location

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Neighborhood

500 Colonial Drive # 214, Ipswich MA 01938

Ipswich, MA 01938

Listing Information

Listing Agent Terri Sheppard

Listing Office J. Barrett & Company

Office Phone 978-356-3444

Agent MLS ID G8002137

Office MLS ID AC1087

Listing Data Updated Apr 1, 2025 10:56 AM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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mail@steve-novak.com

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