Condominium at 1 Watermill Pl # 316, Arlington MA 02476, Arlington
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38 photos

$695,000

1 Watermill Pl # 316, Arlington MA 02476
Arlington, MA 02476
Listed by Michael Fisher
Bedrooms
2
Bathrooms
2
Living area
1,088 sqft
Year built
1988

About this home

Rare offering of a sun filled unit on the westerly side of Watermill Place with a bay window offering views of a tree lined landscaped buffer. Impeccably maintained 3rd floor unit with high quality finishes. The owner completed a full kitchen renovation in 2008 with high end cabinets, appliances, and counter tops. Both bathrooms were renovated in 2012 by Custom Contracting. Watermill Place is a meticulously maintained building with top quality materials and recent capital upgrades including a roof replacement (2015), new windows, exterior envelope, unit doors (2020), paving and garage waterproofing (2024). Conveniently located within walking distance to E. Arlington Center and adjacent to Minuteman Bikeway and historic Old Schwamb Mill. Fitness room with recently purchased equipment. A parking space is included. Open House Saturday 4/11 from 11am-1pm.

Property details

MLS #
73499668
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
181
On market date
April 10, 2026
Stories
1
Total bathrooms
2
Garage spaces
1
Parking spaces
1
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Peirce
0.24 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
326
Student:teacher ratio
13.0:1
District
Arlington
Middle
Ottoson Middle
0.33 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
906
Student:teacher ratio
11.3:1
District
Arlington
High
Arlington High
1.01 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,483
Student:teacher ratio
13.0:1
District
Arlington

Walkability

Blended score for Arlington's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

95
Highly walkable
out of 100
EPA National Walkability Index
18.2 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores8
Parks20
Schools20
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Arlington, from live MLS data.

On the market 181 days -- 105 more days than Arlington's current average of 76 days.
For reference, the median list price across 266 active listings in Arlington right now is $624,900.

Mortgage calculator

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Est. monthly payment
$4,335/mo
$139,000 down
$556,000 loan
Principal & interest$3,606
Property tax (est.)$579
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated September 6, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.