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  3. Ipswich, MA
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  5. 500 Colonial Dr
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500 Colonial Dr

500 Colonial Dr, Ipswich, MA, 01938 |River Ridge Condominiums

YEAR BUILT

1985

# STORIES

1

# TOTAL UNITS

67

UNIT SIZE RANGE

772-1,151 sqft

Description

500 Colonial Dr is located in Ipswich, Massachusetts, at the intersection of Hale Street and Lothrop Street. This low-rise building was completed in 1985 and consists of 67 condominium units. The size of these units ranges from 772 to 1,151 square feet. This property sits at the end of a cul-de-sac, providing some privacy and quiet. Prices for units in this building range from $330,000 to $422,250. The average closed price for the last year was around $405,000, with a price per square foot of $365. On average, units spend about 54 days on the market. This can help buyers assess the demand for homes in this area. The building has many amenities that can enhance daily living. It includes a fitness center, clubhouse, and an outdoor pool. A dog-friendly policy allows residents to enjoy the company of their pets. The building also featured an elevator and assigned parking for convenience. In-unit laundry adds more comfort and practicality for residents. Additional storage space is also available. Nearby, residents can enjoy the natural beauty of Crane Beach and walking paths in conservation land. The Atlantic Ocean is close, providing scenic views and recreational opportunities. Dining options are nearby, including Clamhouse Restaurant, Spice Thai Kitchen, and Mayflower Restaurant. Residents can access public transportation easily, with the MBTA commuter rail nearby. This location combines relaxed living with community amenities and outdoor activities.

Building ImageMLS ID #73467142
Building ImageMLS ID #73467142
Building Image
Building ImageView Listing

500 Colonial Dr

500 Colonial Dr, Ipswich, MA, 01938

|River Ridge Condominiums

YEAR BUILT

1985

# STORIES

1

# TOTAL UNITS

67

UNIT SIZE RANGE

772-1,151 sqft

Description

500 Colonial Dr is located in Ipswich, Massachusetts, at the intersection of Hale Street and Lothrop Street. This low-rise building was completed in 1985 and consists of 67 condominium units. The size of these units ranges from 772 to 1,151 square feet. This property sits at the end of a cul-de-sac, providing some privacy and quiet. Prices for units in this building range from $330,000 to $422,250. The average closed price for the last year was around $405,000, with a price per square foot of $365. On average, units spend about 54 days on the market. This can help buyers assess the demand for homes in this area. The building has many amenities that can enhance daily living. It includes a fitness center, clubhouse, and an outdoor pool. A dog-friendly policy allows residents to enjoy the company of their pets. The building also featured an elevator and assigned parking for convenience. In-unit laundry adds more comfort and practicality for residents. Additional storage space is also available. Nearby, residents can enjoy the natural beauty of Crane Beach and walking paths in conservation land. The Atlantic Ocean is close, providing scenic views and recreational opportunities. Dining options are nearby, including Clamhouse Restaurant, Spice Thai Kitchen, and Mayflower Restaurant. Residents can access public transportation easily, with the MBTA commuter rail nearby. This location combines relaxed living with community amenities and outdoor activities.

Next

Description

500 Colonial Dr is located in Ipswich, Massachusetts, at the intersection of Hale Street and Lothrop Street. This low-rise building was completed in 1985 and consists of 67 condominium units. The size of these units ranges from 772 to 1,151 square feet. This property sits at the end of a cul-de-sac, providing some privacy and quiet. Prices for units in this building range from $330,000 to $422,250. The average closed price for the last year was around $405,000, with a price per square foot of $365. On average, units spend about 54 days on the market. This can help buyers assess the demand for homes in this area. The building has many amenities that can enhance daily living. It includes a fitness center, clubhouse, and an outdoor pool. A dog-friendly policy allows residents to enjoy the company of their pets. The building also featured an elevator and assigned parking for convenience. In-unit laundry adds more comfort and practicality for residents. Additional storage space is also available. Nearby, residents can enjoy the natural beauty of Crane Beach and walking paths in conservation land. The Atlantic Ocean is close, providing scenic views and recreational opportunities. Dining options are nearby, including Clamhouse Restaurant, Spice Thai Kitchen, and Mayflower Restaurant. Residents can access public transportation easily, with the MBTA commuter rail nearby. This location combines relaxed living with community amenities and outdoor activities.

500 Colonial Dr Market Stats Last 12 months

Avg. Listed Price$367,400($399/Sqft.)
Avg. Sale Price$405,000($365/Sqft.)
Year over year list priceUp Arrow5.81%
Year over year sale priceUp Arrow 10.94%
Total Listings2 Listed
Total sold1 Sold
Average Days on Market54 days
Average HOA fees per sqft$3 /monthly
Next

Market Stats

Year over year list priceUp Arrow5.81%
Year over year sale priceUp Arrow10.94%
Total Listings2 Listed
Total sold1 Sold
Average Days on Market54 days
Average HOA fees per sqft$3 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

500 Colonial Dr Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 214214111022542025-04-01
MLS#: 73333101 		Closed$405,000
Unit 213213112322302024-09-20
MLS#: 73280326 		Closed$422,250
Unit 113113112522692023-08-15
MLS#: 73121446 		Closed$365,000
Unit 113
113

2 Beds

2 Baths

1125 sqft

DateStatusPrice
2023-08-15Closed$365,000
MLS#: 73121446
Days On Market69
Unit 213
213

2 Beds

2 Baths

1123 sqft

DateStatusPrice
2024-09-20Closed$422,250
MLS#: 73280326
Days On Market30
Unit 214
214

2 Beds

2 Baths

1110 sqft

DateStatusPrice
2025-04-01Closed$405,000
MLS#: 73333101
Days On Market54
View Complete Unit Listing HistorySource By: MLSPIN

Amenities

Living at River Ridge means you'll have access to various amenities designed to enrich your daily life. Whether you’re an active individual or prefer leisurely afternoons, this condo has something for everyone. Picture yourself relaxing at the pool after a long day or challenging your neighbors to a game of tennis on the well-maintained courts. If you enjoy staying active, the fitness center and nearby bike paths can help keep you in shape, while the beautiful trails perfect for weekend hikes are just a few steps away. Additionally, the clubhouse is a great social hub, suitable for gatherings and events, making it easier to connect with neighbors.

Next

Amenities Description

Living at River Ridge means you'll have access to various amenities designed to enrich your daily life. Whether you’re an active individual or prefer leisurely afternoons, this condo has something for everyone. Picture yourself relaxing at the pool after a long day or challenging your neighbors to a game of tennis on the well-maintained courts. If you enjoy staying active, the fitness center and nearby bike paths can help keep you in shape, while the beautiful trails perfect for weekend hikes are just a few steps away. Additionally, the clubhouse is a great social hub, suitable for gatherings and events, making it easier to connect with neighbors.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Pool

Pool

Security System

Security System

Laundry

Laundry

Tennis Court(s)

Tennis Court(s)

Clubhouse

Clubhouse

Storage

Storage

Balcony

Balcony

Policies

When it comes to living arrangements, River Ridge ensures a well-maintained community with standard policies to uphold the quality of life for its residents. While there may be some restrictions in place, they are designed with everyone’s comfort in mind. Knowing this can give you peace as you consider making River Ridge your home.

Next

Amenities Description

When it comes to living arrangements, River Ridge ensures a well-maintained community with standard policies to uphold the quality of life for its residents. While there may be some restrictions in place, they are designed with everyone’s comfort in mind. Knowing this can give you peace as you consider making River Ridge your home.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
500 Colonial Dr$365/sqft.$3 /sqft.
500 Colonial$365/sqft.$3 /sqft.
401 Colonial Dr$304/sqft.$4 /sqft.
400 Colonial Dr$454/sqft.$3 /sqft.
River Ridge Condominiums$454/sqft.$3 /sqft.
River Ridge Condominiums$350/sqft.$4 /sqft.

Nearby Schools

Discover top-rated schools located close to 500 Colonial Dr.

Winthrop

A
Public|Grades PK–5
65 Central St|1.18 miles away

Ipswich High School

B+
Public|Grades 9–12
134 High St|1.68 miles away

Ipswich Middle School

B
Public|Grades 6–8
130 High St|1.68 miles away

Cuvilly Arts & Earth Center

--
Private|Grades PK–KG
10 Jeffreys Neck R...|2.02 miles away
Next

Schools

Winthrop

A
Public|Grades PK–5
65 Central St|1.18 Miles Away

Ipswich High School

B+
Public|Grades 9–12
134 High St|1.68 Miles Away

Ipswich Middle School

B
Public|Grades 6–8
130 High St|1.68 Miles Away

Cuvilly Arts & Earth Center

--
Private|Grades PK–KG
10 Jeffreys Neck R...|2.02 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

Ipswich

0.67 miles away|13 min walk

Commuter Rail Station - Ipswich

0.68 miles away|14 min walk

Ipswich - Saltonstall St @ Market St

0.76 miles away|15 min walk

Hall-Haskell House - Visitors Center

0.91 miles away|18 min walk

Wolf Hollow

2.62 miles away|51 min walk
Next

Transit

Ipswich

0.67 miles away|13 min walk

Commuter Rail Station - Ipswich

0.68 miles away|14 min walk

Ipswich - Saltonstall St @ Market St

0.76 miles away|15 min walk

Hall-Haskell House - Visitors Center

0.91 miles away|18 min walk

Wolf Hollow

2.62 miles away|51 min walk

The Neighbourhood: 500 Colonial Dr

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500 Colonial Dr Demographics

Age Demographics

0–14 Years

14.77%

15–29 Years

13.48%

30–44 Years

21.26%

45–59 Years

28.61%

60+ Years

21.87%

Commute

4.04%

Transit

6.77%

Walk

77.46%

Drive

0.15%

Bike

Housing Ownership

58.31%

Owner Occupied

41.69%

Rental Units

Household Types

Single Family
25.91%
Multi Family
5.44%
Single Person
43.27%
Multi Person
56.73%

Average Income

Household:$7,802,471.62 /yr

Individual:$5,262,446.56 /yr

Education

Bachelors Degree33.28%
High School College24.52%
Diploma7.17%
Post Graduate18.65%
Others16.38%
Next

Education

Diploma7.17%
Post Graduate18.65%
Others16.38%
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  2. /Ipswich, MA
  3. /
    500 Colonial Dr
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