Watertown Home of the Week: 23 Phillips St.

This 100+ year old three-family home in Watertown is a great residential opportunity that will appeal to a number of diverse homebuyers. With three distinct units on three separate floors, it would make a great productive investment rental property or an economical and convenient solution for extended families. Proprietors can also occupy one level and rent out the remaining two to assist in diverting home ownership and maintenance costs. Its possibilities are numerous and its qualifications creditable.

All three floors of this historic property resemble single-family surroundings, thanks to the many period details and spacious room dimensions. The first and second level units are fairly similar with each offering five rooms, two bedrooms, one full bath, a fireplaced living room and a lovely eat-in kitchen. The third level contains three rooms, 1 bedroom and a full bath and while slightly smaller flaunts a little more architectural character with vintage enhancements with features such as a charming window seat, structural details and layers of rich wood.

This property's location will also highly appeal to both owners and renters with is convenient locality near public transportation, retailing, restaurants and bustling Watertown Square. It also provides appropriate parking accommodations for its size with a two-car garage and an elongated driveway that can hold many vehicles.

With the many current obstacles now associated with home financing, the call for economical alternatives to residential ownership has risen. This property offers many promising solutions for Watertown residents to build equity and/or reside in a warm, comfortable home and perhaps accommodate unique family situations for relatives to live under one roof. Whatever the reason or scenario, this property that just entered the real estate market will draw many potential homebuyers and will likely not be available for long.

Location: 23 Phillips St.

Price: $729,000

Rooms: 13

Bedrooms: 5

Baths: 3 full

Living Area: 3,580 sq. ft.

Lot Size: 5,288 sq. ft. (.12 acre)

Listing Agent: Paul Winters, Century 21 Adams Realty, 617-359-7495

If you are a Realtor or a home owner selling a home and want to be featured in an upcoming Home of the Week, please email Michele Taranto at m.taranto@aol.com.