NOT LISTED FOR SALE

Estimated Value: $608,000 - $644,008

2 Beds
2 Baths
1,034 Sq Ft
$556/mo HOA Fee

Last Sold March 29, 2024

Last sale price $557,000 $539 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,390/month

7 Days on Market

Highlights

  • Fitness Center
  • Medical Services
  • End Unit
  • Peirce Elementary School Rated A-
  • Property is near public transit
  • Jogging Path

About This Home

As of March 2024

Watermill Place is a premier one of Arlington's most sought-after condominium buildings. This charming home offers an open-concept living and dining area with an Atrium Door to a balcony and large windows that flood the space with natural light: spacious 2 BEDROOMS and 2 BATHROOMS, IN-UNIT laundry. The main suite offers a walk-in closet and an en-suite bathroom. Additional benefits include assigned garage parking, a building elevator, a well-equipped fitness room, a patio, and professionally landscaped grounds. Watermill Place is close to great recreation spots such as Mystic Lakes State Park and the Minuteman Bikeway. Convenient to Alewife and Harvard, this spectacular condo building is just minutes from shops and restaurants, including Arlington's Great Meadow; outdoor enthusiasts will love it here ~ BUYER and BUYER AGENT to DUE delingence.

Last Agent to Sell the Property

Mg Group

Century 21 North East Listed on: 02/04/2024

Century 21 North East

Last Buyer's Agent

Peter Cote

Redfin Corp.

Redfin Corp.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,993

Year Built

  • Built in 1988

HOA Fees

  • $556 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,034 Sq Ft Home
  • 1-Story Property
  • Laundry in unit
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System
  • Hot Water Heating System

Additional Features

  • End Unit
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number M:058.C B:0001 L:0306

Community Details

Overview

  • Association fees include water, sewer, maintenance structure, ground maintenance, snow removal, trash, reserve funds
  • 130 Units
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,993

Year Built

Built in 1988

Lot Details

0

HOA Fees

$556 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other (See Remarks)
  • Year Built: 1988
  • Entry Level: 3
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Master Bathroom Features: Yes
  • Laundry Features: In Unit
  • Basement: Y
  • Living Area: 1034
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN4339
  • MAIN SO: NB3534

Exterior Features

  • Common Walls: End Unit
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Elevator(s), Fitness Center, Storage
  • Association Fee: 556
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, T-Station
  • Senior Community YN: No
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:058.C B:0001 L:0306
  • Zoning: R7
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5993

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2024
Closed on
Mar 29, 2024
Sold by
Lee Julia M
Bought by
Liu Caroline X
Seller's Agent
Mg Group
Century 21 North East
Buyer's Agent
Peter Cote
Redfin Corp.
List Price
$549,000
Sold Price
$557,000
Premium/Discount to List
$8,000
1.46%
Views
537
Current Estimated Value
$626,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,752
Avg. Annual Appreciation
7.41%
Original Mortgage
$445,600
Outstanding Balance
$438,802
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$187,950

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
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
03/29/2024 03/29/24 Sold $557,000 +1.5% $539 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
02/04/2024 02/04/24 For Sale $549,000 -- $531 / 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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73198962

MLS Property Information Network (MLS PIN)

APN: ARLI-000058C-000001-000306