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Go Inside - The Riverbank Lofts in Watertown, MA

By
Real Estate Agent with Century 21 Commonwealth

THE RIVERBANK LOFT at 290 PLEASANT STREET in WATERTOWN, MA

Overview

The Riverbank Lofts is a complex of 56 condominiums in Watertown. The Riverbank Lofts are located at 290 Pleasant Street in Watertown, MA. The condominiums were constructed in 2006 in a building originally built as an office building and then converted into condominiums. Every unit comes with 2 deed parking spaces.

Units & Pricing

The units are all 1 bedroom or studio sized and range in size from around 621 square feet to 1,333 square feet. The units on the first floor have patios, while the back side of the building overlooks The Charles River. The original units came with washer and dryer included in the units, but resale units will obviously have the choice of keeping the washer and dryer if so desired. All units have 1 bathroom.

The monthly condominium fee ranges from the low $200's per month to the high $300's per month depending on size of the unit. The condo fee includes: Heat, Master Insurance, Elevator, Snow Removal, Refuse Removal.

The Riverbank Lofts 

 

Sales History

The number of sales over the last three years in MLS transactions has ranged from 4 year-to-date in 2008 to 32 in 2006.

  • 2006 - Average Sales Price: $333,475 (10 units sold) with an Average Market Time of 24 days
  • 2007 - Average Sales Price: $332,966 (32 units sold) with an Average Market Time of 93 days
  • 2008 - Average Sales Price: $351,125 (4 units sold) with an Average Market Time of 495 days

In 2009, there have been 2 units that have sold at The Riverbank Lofts. They were listed at an average of list price of $317,500 and sold for an average of $297,500. Currently there are 3 condominium for sale at The Riverbank Lofts with an average list price of $315,667 and there are 2 units that are currently Under Agreement that were listed at an average of $346,500.

For more information on the current listings or to be notified of any new listings at The Riverbank Lofts please email me at mark@themaddenteam.com or call me directly at 617.448.9481.

Area

The Riverbank Lofts are located along the Charles River Bike Path, which leads all the way into Boston. It also has great access to the Mass Pike, Route 20 and more. With close access to Watertown Square's shops and restaurants this is a great commuter location.

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Updated on November 12, 2009

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