$417,030 - $527,000
RENTED APR 29, 2025

Watermill Place 1 Watermill Place Unit 505 Arlington, MA 02476

Arlington Heights Neighborhood
1 Bed
2 Baths
657 Sq Ft
$744 Price per Sq Ft

Last Sold July 26, 2012

Last sale price $240,000 $365 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $3,105/month

About This Home

As of July 2012

Nestled beside the Minuteman Bike Path, Watermill Place Condominium Complex offers prime access to Arlington Heights’ shops, dining, the Arlington Reservoir, Routes 2 & 95, and public transit to Alewife and Harvard. This top-floor unit boasts courtyard and bike path views, an open living area, and a modern kitchen with a pass-through and new stainless appliances. The Primary Suite features a double closet and a tastefully renovated bathroom. There’s a convenient half bath and in-unit washer/dryer. Enjoy a same-floor storage unit, a covered parking space included in rent, a gym / fitness room, and ample outdoor space with private bike path access. The building and common areas are exceptionally well-maintained, with many recent updates.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2012
Closed on
Jul 26, 2012
Sold by
Mckinnon Kristen A
Bought by
Marini Donald
Seller's Agent
Sara Rosenfeld
Coldwell Banker Realty - Cambridge
Buyer's Agent
Asset Management Division
RE/MAX Real Estate Center
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%
Current Estimated Value
$488,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,508
Avg. Annual Appreciation
5.70%
Original Mortgage
$168,000
Outstanding Balance
$118,405
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$370,103

Purchase Details

Closed on
Dec 23, 2003
Sold by
Mckinnon Leonard J and Mckinnon Paul M
Bought by
Mckinnon Kristen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 1998
Sold by
Newberne Judy L
Bought by
Mckinnon Dorothy A

Range of Values:

Collateral Analytics

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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
Marini Donald $240,000 --
Mckinnon Kristen A $242,000 --
Mckinnon Dorothy A $132,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marini Donald $168,000
Previous Owner Mckinnon Dorothy A $225,000
Previous Owner Mckinnon Kristen A $242,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 Rented $2,400 0.0% --
04/24/2025 04/24/25 Under Contract -- -- --
04/10/2025 04/10/25 For Rent $2,400 +20.0% --
04/20/2020 04/20/20 Rented $2,000 0.0% --
04/17/2020 04/17/20 Under Contract -- -- --
04/08/2020 04/08/20 For Rent $2,000 +6.7% --
05/30/2018 05/30/18 Rented $1,875 0.0% --
05/28/2018 05/28/18 Under Contract -- -- --
04/27/2018 04/27/18 Price Changed $1,875 -6.3% $3 / Sq Ft
04/09/2018 04/09/18 For Rent $2,000 +14.3% --
04/10/2015 04/10/15 Rented $1,750 0.0% --
03/11/2015 03/11/15 Under Contract -- -- --
01/26/2015 01/26/15 For Rent $1,750 0.0% --
07/26/2012 07/26/12 Sold $240,000 -4.0% $365 / Sq Ft
06/21/2012 06/21/12 Pending -- -- --
05/16/2012 05/16/12 For Sale $249,900 -- $380 / Sq Ft

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 $4,603 $427,400 $0 $427,400
2024 $4,153 $392,200 $0 $392,200
2023 $4,188 $373,600 $0 $373,600
2022 $4,157 $364,000 $0 $364,000
2021 $4,074 $359,300 $0 $359,300
2020 $3,868 $349,700 $0 $349,700
2019 $3,694 $328,100 $0 $328,100
2018 $3,339 $275,300 $0 $275,300
2017 $3,322 $264,500 $0 $264,500
2016 $3,386 $264,500 $0 $264,500
2015 $3,274 $241,600 $0 $241,600
Source: Public Records

Agents Affiliated with this Home

  • Jon Hindmarsh

    Seller's Agent in 2025

    Jon Hindmarsh

    Gibson Sotheby's International Realty

    (617) 416-4781

    4 in this area

    31 Total Sales

    Jon Hindmarsh
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  • S

    Buyer's Agent in 2025

    Serhat Yilmaz

    BENJAMIN Apartments + Cityside Homes

    Section Image
  • Steven Cohen Team

    Seller's Agent in 2020

    Steven Cohen Team

    Keller Williams Realty Boston-Metro | Back Bay

    (617) 861-3636

    471 Total Sales

    Steven Cohen Team
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Josh Leibowitz

    Keller Williams Realty Boston-Metro | Back Bay

    19 Total Sales

    Josh Leibowitz
    Section Image
  • Scott O Donnell

    Seller's Agent in 2015

    Scott O Donnell

    eXp Realty

    (508) 543-3922

    109 Total Sales

    Section Image
  • Sara Rosenfeld

    Seller's Agent in 2012

    Sara Rosenfeld

    Coldwell Banker Realty - Cambridge

    (617) 939-7277

    Section Image
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About Watermill Place

Map

Massachusetts Middlesex County Arlington 02476 Arlington Heights

1 Watermill Place Unit 505, Arlington, MA

Homes for Sale in Arlington, MA

This home is located at 1 Watermill Place Unit 505, Arlington, MA 02476 and is currently estimated at $488,508, approximately $743 per square foot. 1 Watermill Place Unit 505 is a home located in Middlesex County with nearby schools including Peirce Elementary School, Ottoson Middle School, and Arlington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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