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5 Mystic Lake Drive # 5, Arlington MA 02474

Arlington, MA 02474
$1,363,000
Est. $7,242/month
4
Beds
4.5
Baths
2,555
Sq Ft
$533
Price/Sq Ft
2024
Year Built
20
Days on Market
Closed Listed Sep 20, 2024 • MLS# 73292790 Copied!

About this home

Stunning, brand-new, energy-efficient Townhome, designed with meticulous attention to detail & built with top-of-the-line systems meeting Arlington’s stringent new energy requirements. Over 2,500 sq ft of living on 4 levels, with views of Mystic Lake from almost every room! Enjoy cooking in your Chef’s kitchen with center island, quartz countertops, herringbone tile backsplash & Thermador® appliances. Features include built-ins, wainscoting, shiplap, & moldings in fireplaced living area, dining nook and sitting area. 2nd level has 2 bedrooms, one with luxurious en-suite bath. Beautiful 3rd floor primary suite with private balcony oasis, offering gorgeous lake views. Bonus finished lower level: Use as family room, bedroom, office, or exercise room - with a large double closet & ¾ tile bath. All this, a stone’s throw from the Minuteman Bikeway, & Arlington Center's shops & restaurants.Easy access to Routes 2/16/93 & W. Medford Commuter Rail makes commuting a breeze. Don’t miss this one!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2024
Bedrooms
4
Full Bathrooms
4
Half Bathrooms
1
Living Area
2,555 sq ft
Total Rooms
8
Stories
4
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $1,389,000
Final Sale Price: $1,363,000
Difference: $26,000 (-1.9%)
Performance Metrics
98.1%
List to Sale Ratio
Sold below asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $544
Sale $/sq ft: $533
This property sold for $533 per square foot
Sale Summary

This property sold for 1.9% below the original asking price.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$533/sq ft
Area Average
$225/sq ft
Difference
+137.4%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2024
Living Area 2,555 sq ft
Bedrooms 4
Full Baths 4
Half Baths 1
Total Rooms 8

Interior

Heating Electric, Air Source Heat Pumps (ashp)
Cooling Central Air, 3 Or More, Air Source Heat Pumps (ashp)
Flooring Tile, Vinyl, Hardwood, Flooring - Stone/ceramic Tile
Appliances Disposal, Microwave, Energy Star Qualified Refrigerator, Energy Star Qualified Dishwasher, Range, Plumbed For Ice Maker
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
Features Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Countertops - Stone/granite/solid, Recessed Lighting, Closet, Open Floorplan, Bathroom, Home Office, Sitting Room

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Covered Patio/deck, Garden, Screens, Rain Gutters, Professional Landscaping, Sprinkler System
Pool None
Spa None
Fencing None
Patio/Porch Covered

Parking

Features Off Street, Tandem, Stone/gravel, Exclusive Parking
Total Spaces 2

Utilities

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

Financial

Annual Tax 0.00
Assessed Value $999,999

Interior Features

Flooring: Tile, Vinyl, Hardwood, Flooring - Stone/Ceramic Tile
Appliances: Disposal, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Plumbed For Ice Maker
Interior Features: Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Countertops - Stone/Granite/Solid, Recessed Lighting, Closet, Open Floorplan, Bathroom, Home Office, Sitting Room
Windows: Insulated Windows, Screens
Basement: Y
Laundry: Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
Security:

Construction & Materials

Year Built: 2024
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 4

Heating, Cooling & Utilities

Heating: Electric, Air Source Heat Pumps (ASHP)
Cooling: Central Air, 3 or More, Air Source Heat Pumps (ASHP)
Hot Water:
Water Source: Public, Individual Meter
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Covered Patio/Deck, Garden, Screens, Rain Gutters, Professional Landscaping, Sprinkler System
Patio & Porch: Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Tandem, Stone/Gravel, Exclusive Parking

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station

Location

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Neighborhood

5 Mystic Lake Drive # 5, Arlington MA 02474

Arlington, MA 02474

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

10 schools
St. Agnes Elementary School
0.5 mi
Grades K-08
Lesley Ellis School
1.0 mi
Grades PK-07
A+
John A Bishop School
0.5 mi | #52 of 824 | Score: 62.2
Improved 10 spots from last year
+4 above state avg
375 students Diverse
Grades K-05
A-
Thompson Elementary School
0.7 mi | #201 of 824 | Score: 54.9
Dropped 52 spots from last year
-3.3 below state avg
537 students Diverse
Grades K-05
Arlington Children's Center
1.0 mi
Grades PK-K
Menotomy Preschool
1.0 mi
100 students Very Diverse
Diverse Student Body
Grades PK
A
Hardy School
1.2 mi | #116 of 824 | Score: 58.2
Improved 6 spots from last year
+-0 above state avg
382 students Diverse
Grades K-05
A-
M. Norcross Stratton Elementary School
1.3 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
A
Brackett School
1.8 mi | #120 of 824 | Score: 58.0
Dropped 7 spots from last year
-0.2 below state avg
394 students Diverse
Strong Attendance
Grades K-05
A+
Peirce School
1.8 mi | #57 of 824 | Score: 61.8
Dropped 23 spots from last year
+3.6 above state avg
318 students Diverse
Grades K-05
M

Middle Schools

2 schools
A+
Gibbs School
0.8 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
A+
Ottoson Middle School
1.6 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
H

High Schools

1 school
Arlington Catholic High School
0.6 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 $0
Homeowners Insurance $200
HOA Fee $150/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

0.9%
Price Range
37
Total Days on Market

Property Timeline

Sold
Nov 21, 2024
$1,363,000
Property sold
Days on Market: 37
🏠
Listed for Sale
Sep 20, 2024
$1,375,000
Original listing
Agent: Lynne Lowenstein Office: Advisors Living - Arlington

Price & Status History

Date Event Price Change
Sep 20, 2024 New Listing Added $1,375,000

Market Statistics

Days on Market
20 days
Price per Sq Ft
$533

Tax History

Year Taxes Assessment
2024 $0 $999,999

Financial Details

Annual Property Tax
$0
Tax Year 2024
HOA Fee
$150
Monthly
Assessed Value
$999,999

Listing Information

Listing Agent Lynne Lowenstein
Agent MLS ID NB900450
Office MLS ID AN7690
Listing Data Updated Nov 22, 2024 10:11 AM EST
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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