Before the revolution, part of Baumanskaya Street between Olkhovskaya and Spartakovskaya was called Devkin Lane and had a different status. In the 19th and early 20th centuries, it housed the estate of the Karasev merchants, who paid great attention to Old Belief in Moscow. Their house was marked by a special structure, the condition of which today raises serious concerns.

Since 1872, an Old Believer church in honor of St. Great Martyr Catherine operated in the house of merchant I.I. Karasev. At that time, Old Believers were under strict police supervision and could not build their own churches, so they created secret churches and prayer houses. After the introduction of religious tolerance in 1905, Old Believers were granted the right to freely practice their faith and build churches. However, I.I. Karasev did not construct a separate church but moved the church from the mansion to a three-story house in the courtyard of the estate. In 1912, he received permission to add a wooden bell tower, which was replaced in 1915 by a full-fledged entrance bell tower built according to the design of architect N.N. Blagoveshchensky.

The lower tier of the structure housed the gates to Karasev's courtyard, the middle level consisted of three spans of the bell tower: one large in the center and two smaller ones on the sides. Above was another small span with a dome and cross. Special attention is drawn to the merlons in the shape of "swallow tails," reminiscent of the Kremlin wall, and three eight-pointed crosses on the central bell tower. The structure resembles a smaller bell tower at the Rogozhskoye Cemetery.

After the revolution, the house was nationalized, and the church was closed in 1918. The Karasev mansion stood until April 1979, when it was demolished for the construction of a hangar, and now this place is vacant. The bell tower has survived, but without the house, it has lost its support and has begun to deteriorate: the ceramics from the first tier have disappeared, the crosses are gone, the tiles are crumbling, and the plaster is falling off. The structure looks neglected and has effectively become ownerless, despite its status as a regional cultural heritage site. It is impossible to use it due to the loss of the church space and its dilapidation. The problem still needs to be addressed, but the structure urgently requires restoration.