Landlord's Agent in 2025
Jon Hindmarsh
Gibson Sotheby's International Realty
(617) 416-4781
3 in this area
26 Total Sales
Watermill Place 1 Watermill Place Unit 505 Arlington, MA 02476
Arlington Heights NeighborhoodEstimated Value: $456,180 - $525,000
1
Bed
1.5
Baths
657
Sq Ft
2.3
Acres
Highlights
- Waterfront
- 100,000 Sq Ft lot
- No HOA
- Peirce Elementary School Rated A-
- Property is near public transit
- Jogging Path
About This Home
As of April 2025Nestled 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.
Last Agent to Rent the Property
Gibson Sotheby's International Realty Listed on: 04/10/2025
Condo Details
Home Type
- Condominium
Est. Annual Taxes
- $4,603
Year Built
- Built in 1988
Lot Details
- Waterfront
- Garden
Parking
- 1 Car Garage
Home Design
- Entry on the 5th floor
Interior Spaces
- 657 Sq Ft Home
- 1-Story Property
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
Laundry
- Laundry in unit
- Dryer
- Washer
Utilities
- Cooling Available
- Heating Available
Additional Features
- Level Entry For Accessibility
- Property is near public transit
Listing and Financial Details
- Security Deposit $2,400
- Rent includes hot water, water, sewer, trash collection, snow removal, gardener, parking
- 12 Month Lease Term
- Assessor Parcel Number M:058.C B:0001 L:0505,323002
Community Details
Recreation
- Park
- Jogging Path
- Bike Trail
Pet Policy
- No Pets Allowed
Additional Features
- No Home Owners Association
- Common Area
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
Alan Yanofsky
RE/MAX Real Estate Center
List Price
$249,900
Sold Price
$240,000
Premium/Discount to List
-$9,900
-3.96%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,795
Avg. Annual Appreciation
5.64%
Original Mortgage
$168,000
Outstanding Balance
$116,765
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$383,030
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 06/21/2012 06/21/12 | Pending | -- | -- | -- | |
| 05/16/2012 05/16/12 | For Sale | $249,900 | -- | $380 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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
-
Serhat Yilmaz
S
Tenant's Agent in 2025
Serhat Yilmaz
BENJAMIN Apartments + Cityside Homes
-
Steven Cohen Team
Seller's Agent in 2020
Steven Cohen Team
Keller Williams Realty Boston-Metro | Back Bay
(617) 861-3636
481 Total Sales
-
J
Seller Co-Listing Agent in 2020
Josh Leibowitz
Keller Williams Realty Boston-Metro | Back Bay
-
S
Seller's Agent in 2015
Scott O Donnell
eXp Realty
-
Sara Rosenfeld
Seller's Agent in 2012
Sara Rosenfeld
Coldwell Banker Realty - Cambridge
(617) 939-7277
1 in this area
26 Total Sales
About Watermill Place
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73357859
APN: ARLI-000058C-000001-000505
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.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Nearby Homes
- 1 Watermill Place Unit 304
- 1 Watermill Place Unit 308
- 51 Lowell St
- 11 Lowell St Unit B
- 4 Beck Rd
- 14 Park Avenue Extension
- 6 Appleton Place
- 14 Burton St Unit 16
- 58 Westminster Ave Unit 58
- 10 Colonial Village Dr Unit 2
- 15 Higgins St Unit 17
- 181 Lowell St
- 37 Fountain Rd Unit 2
- 37 Fountain Rd
- 18-20 Brattle St
- 1025 Massachusetts Ave Unit 204
- 204 Plan at Majestic Mill Brook
- 1025 Massachusetts Ave Unit 404
- 1025 Massachusetts Ave Unit 506
- 1025 Massachusetts Ave Unit 401
- 1 Watermill Place Unit 526
- 1 Watermill Place Unit 525
- 1 Watermill Place Unit 524
- 1 Watermill Place Unit 523
- 1 Watermill Place Unit 522
- 1 Watermill Place Unit 521
- 1 Watermill Place Unit 520
- 1 Watermill Place Unit 519
- 1 Watermill Place Unit 518
- 1 Watermill Place Unit 517
- 1 Watermill Place Unit 516
- 1 Watermill Place Unit 514
- 1 Watermill Place Unit 512
- 1 Watermill Place Unit 510
- 1 Watermill Place Unit 509
- 1 Watermill Place Unit 508
- 1 Watermill Place Unit 507
- 1 Watermill Place Unit 506
- 1 Watermill Place Unit 504
- 1 Watermill Place Unit 502