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1 Watermill Place # 320, Arlington MA 02476

Arlington, MA 02476
$470,000
Est. $3,546/month
1
Beds
1.5
Baths
855
Sq Ft
$550
Price/Sq Ft
1988
Year Built
156
Days on Market
Closed Listed Apr 4, 2025 • MLS# 73355123 Copied!

About this home

NEW PRICE! This charming one-bedroom condominium at the highly desirable Watermill Place blends convenience with comfort. Enjoy direct access to the Minuteman Bike Trail and easy proximity to Arlington Heights village, where you’ll find fun restaurants, shops, and access to transportation. The bright, open living space features large windows offering serene views of the bike trail, while the spacious bedroom includes an en-suite bath. A guest half bath adds to the convenience and makes this home perfect for both entertaining and working from home and has amazing closet space! Watermill place also boasts an exercise room, picturesque views of the brook, the historic Mill building, and beautifully landscaped gardens. Additional perks include in-unit laundry, extra storage space on the same floor as the unit, covered parking. Whether you're a first-time home buyer, or downsizing, or simply hoping to keep a pied-a-terre in town, this is a wonderful place to make your new home.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1988
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
855 sq ft
Total Rooms
3
Stories
1
Entry Level
3
Main Level Bedrooms
1

Sale Statistics

Sale Overview
Original List Price: $509,000
Final Sale Price: $470,000
Difference: $39,000 (-7.7%)
Performance Metrics
92.3%
List to Sale Ratio
Sold below asking price
156
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $595
Sale $/sq ft: $550
This property sold for $550 per square foot
Sale Summary

This property sold for 7.7% below the original asking price.

At 156 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$550/sq ft
Area Average
$481/sq ft
Difference
+14.2%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1988
Living Area 855 sq ft
Bedrooms 1
Full Baths 1
Half Baths 1
Total Rooms 3

Interior

Heating Forced Air, Electric
Cooling Central Air
Flooring Tile, Laminate
Appliances Range, Dishwasher, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Laundry Closet, First Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame, Brick
Architecture None
Roof Rubber
Features Screens, Professional Landscaping
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Carport, Deeded, Off Street
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $5,060
Assessed Value $464,400

Interior Features

Flooring: Tile, Laminate
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows, Screens
Basement: N
Laundry: Laundry Closet, First Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1988
Effective Year (Renovated): 1988
Structure Type: Mid-Rise
Exterior Materials: Frame, Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Electric
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Screens, Professional Landscaping
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 1
Parking Features: Carport, Deeded, Off Street

Location

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Neighborhood

1 Watermill Place # 320, Arlington MA 02476

Arlington, MA 02476

Walkability

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Nearby Schools

School District
Arlington School District local
A+
School Safety 2024-25
0.5% Low
0.4% Suspensions 0.2% In-School 0.1% Emergency
5.0% below state avg
E

Elementary Schools

3 schools
Arlington Heights Nursery School
0.2 mi
Grades PK
A+
Peirce School
0.3 mi | #57 of 824 | Score: 61.8
Dropped 23 spots from last year
+3.6 above state avg
318 students Diverse
Grades K-05
A-
M. Norcross Stratton Elementary School
0.7 mi | #180 of 824 | Score: 56.0
Dropped 38 spots from last year
-2.2 below state avg
448 students Diverse
Diverse Student Body
Grades K-05
M

Middle Schools

2 schools
A+
Ottoson Middle School
0.3 mi | #4 of 352 | Score: 65.2
Improved 13 spots from last year
+7 above state avg
963 students Diverse
Strong Attendance
Grades 07-08
A+
Gibbs School
2.0 mi | #31 of 352 | Score: 60.0
Improved 8 spots from last year
+1.8 above state avg
529 students Diverse
Strong Attendance
Grades 06
H

High Schools

3 schools
Lexington Christian Academy
1.0 mi
Grades 06-12
Belmont Hill School
1.3 mi
Grades 07-12
Arlington Catholic High School
1.6 mi
17 sports • 1,412 athletes
Strong Athletics
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $422
Homeowners Insurance $200
HOA Fee $548/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

1.9%
Price Range
129
Total Days on Market

Property Timeline

Sold
Oct 9, 2025
$470,000
Property sold
Days on Market: 129
🏠
Listed for Sale
Apr 4, 2025
$479,000
Original listing
Agent: Steve McKenna & The Home Advantage Team Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Apr 4, 2025 New Listing Added $479,000

Market Statistics

Days on Market
156 days
Price per Sq Ft
$550

Tax History

Year Taxes Assessment
2025 $5,060 $464,400

Financial Details

Annual Property Tax
$5,060
Tax Year 2025
HOA Fee
$548
Monthly
Assessed Value
$464,400

Listing Information

Listing Agent Steve McKenna & The Home Advantage Team
Listing Office Gibson Sotheby's International Realty
Agent MLS ID TM336360
Office MLS ID AN6101
Listing Data Updated Oct 9, 2025 1:34 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Arlington, MA

Real-time market trends and pricing data for this area

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