NOT LISTED FOR SALE

1 Watermill Place Unit 306 Arlington, MA 02476

Arlington Heights Neighborhood

Estimated Value: $621,000 - $646,000

2 Beds
2 Baths
1,034 Sq Ft
$522/mo HOA Fee

Last Sold July 01, 2022

Last sale price $553,500 $535 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,432/month

3 Days on Market

Highlights

  • Fitness Center
  • Property is near public transit
  • Elevator
  • Peirce Elementary School Rated A-
  • Jogging Path
  • 1 Car Attached Garage

About This Home

As of July 2022

Top floor penthouse unit! Bright & cheerful unit at the always-sought-after Watermill Place! Your life just got a little easier with the conveniences of condo living – covered parking, easy access & low-maintenance, all situated along the peaceful Mill Brook yet seconds to the Minuteman Bikeway, Mass. Ave. & bus line to Alewife Station. This extremely sunny 2-bed 2-bath unit has all the space you need with the opportunity to update to your taste. The primary bedroom has a full bath with ample closet space. The second bedroom is very spacious with plenty of room for a desk and bed. This unit has southern exposure with tons of sunshine and heavenly sunsets. Additional amenities include newer central air, extra storage, fitness room, in-unit laundry, elevators and visitor parking. Close to top-notch Arlington shops & restaurants, move right in and make your dream of owning a condo in Arlington a reality!

Last Agent to Sell the Property

Steve McKenna

Gibson Sotheby's International Realty Listed on: 06/15/2022

Gibson Sotheby's International Realty

Co-Listed By

Michael Pallotta

Gibson Sotheby's International Realty

Last Buyer's Agent

Steve McKenna

Gibson Sotheby's International Realty Listed on: 06/15/2022

Gibson Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,097

Year Built

  • Built in 1988

HOA Fees

  • $522 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Parking
  • Off-Street Parking
  • Deeded Parking

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 1,034 Sq Ft Home
  • 1-Story Property
  • French Doors
  • Entrance Foyer

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Peirce Elementary School
  • Ottoson/Gibbs Middle School
  • AHS High School

Utilities

  • Cooling Available
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heat Pump System
  • Hot Water Heating System
  • Cable TV Available

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal
  • 130 Units
  • Mid-Rise Condominium
  • Watermill Place Community

Amenities

  • Common Area
  • Shops
  • Elevator

Recreation

  • Fitness Center
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,097

Year Built

Built in 1988

Lot Details

0

HOA Fees

$522 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1988
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Entry Level: 3
  • Transaction Broker: 2.5
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Carpet, Flooring - Wall to Wall Carpet
  • Interior Amenities: Entry Hall, Foyer
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Refrigerator,Washer,Dryer, Water Heater(Separate Booster), Utility Connections for Electric Range
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Wall to Wall Carpet
  • Room Bedroom2 Area: 127.679999
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - Full, Closet, Flooring - Wall to Wall Carpet
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 211.679999
  • Master Bathroom Features: Yes
  • Bathroom 1 Area: 33.62
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
  • Bathroom 1 Level: First
  • Bathroom 2 Level: First
  • Bathroom 2 Area: 29.109999
  • Bathroom 2 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
  • Room Kitchen Level: Main
  • Room Kitchen Features: Flooring - Vinyl
  • Room Kitchen Area: 61.059999
  • Laundry Features: First Floor, In Unit
  • Room Living Room Level: Main
  • Room Living Room Area: 223.2
  • Room Living Room Features: Flooring - Wall to Wall Carpet, French Doors, Cable Hookup
  • Living Area: 1034
  • Stories Total: 1
  • MAIN LO: BB5918
  • LIST PRICE PER Sq Ft: 550.29
  • PRICE PER Sq Ft: 535.3
  • MAIN SO: BB5918

Exterior Features

  • Construction Materials: Brick
  • Roof: Other
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Under, Off Street, Deeded
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Hot Water, Elevator(s), Fitness Center
  • Association Fee: 522
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Public School
  • UNIT BUILDING: 306
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal

Lot Info

  • Zoning: R7
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 363
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6097.28
  • Tax Book Number: 36515

Multi Family

  • Number Of Units Total: 130
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Ahs
  • Elementary School: Peirce
  • Middle Or Junior School: Ottoson/Gibbs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2024
Sold by
Lee Julia M
Bought by
Liu Caroline X
Current Estimated Value
$634,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,600
Outstanding Balance
$438,802
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$195,418

Purchase Details

Closed on
Sep 25, 2002
Sold by
Nielsen Kirk T and Nielsen Kathleen L
Bought by
Lennox Mirian C and Worthington Annabel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 1999
Sold by
Welch Mary P
Bought by
Nielsen Kirk T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1990
Sold by
Watermill Prop Inc
Bought by
Welch Mary P
Source: Public Records

Range of Values:

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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
Liu Caroline X $557,000 None Available
Lennox Mirian C $315,000 --
Nielsen Kirk T $200,000 --
Welch Mary P $146,000 --
Mary P Welch $146,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Caroline X $445,600
Previous Owner Lennox Mirian C $236,250
Previous Owner Mary P Welch $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2022 07/01/22 Sold $553,500 -2.7% $535 / Sq Ft
06/19/2022 06/19/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $569,000 -- $550 / 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 $6,566 $609,700 $0 $609,700
2024 $5,993 $565,900 $0 $565,900
2023 $6,075 $541,900 $0 $541,900
2022 $6,024 $527,500 $0 $527,500
2021 $5,900 $520,300 $0 $520,300
2020 $5,595 $505,900 $0 $505,900
2019 $5,326 $473,000 $0 $473,000
2018 $4,774 $393,600 $0 $393,600
2017 $4,611 $367,100 $0 $367,100
2016 $4,699 $367,100 $0 $367,100
2015 $4,515 $333,200 $0 $333,200
Source: Public Records

Agents Affiliated with this Home

  • Steve McKenna

    Seller's Agent in 2022

    Steve McKenna

    Gibson Sotheby's International Realty

    (781) 645-0505

    161 in this area

    516 Total Sales

    Steve McKenna
    Section Image
  • Michael Pallotta

    Seller Co-Listing Agent in 2022

    Michael Pallotta

    Gibson Sotheby's International Realty

    (617) 968-1431

    20 in this area

    50 Total Sales

    Michael Pallotta
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72998355

MLS Property Information Network (MLS PIN)

APN: ARLI-000058C-000001-000306

Massachusetts Middlesex County Arlington 02476 Arlington Heights

1 Watermill Place Unit 306, Arlington, MA

This home is located at 1 Watermill Place Unit 306, Arlington, MA 02476 since 15 June 2022 and is currently estimated at $634,220, approximately $613 per square foot. This property was built in 1988. 1 Watermill Place Unit 306 is a home located in Middlesex County with nearby schools including Peirce Elementary School, Ottoson Middle School, and Arlington High School.

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