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Brian OKeefe

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$ 560,000

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Price Dropped by $30K

1475 Massachusetts Ave #463 Lexington, MA 02420

2 Beds

1 Bath

1,138 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,138 sqft

Price per Sqft $492

MLS Listing ID 73534693

Bedrooms 2

Full Baths 1

HOA Fees $417/mo

Year Built 1985

Annual Tax Amount $6,020

Tax Year 2025

Property Sub-Type Condominium

Property Description

One of the very few ever available affordable and moderate-income Lexington condominiums puts you in a prime Lexington Center location, one of the area's most desirable places to live. The owner will consider allowable seller concessions for an interest rate buy-down, closing costs, or prepaids to help make homeownership more affordable. CONVENIENCE: Everything you need is right outside your door. Stroll to Lexington Center for shops, restaurants, the library, the seasonal farmers' market, and the historic Battle Green. The Lexpress shuttle, stoping directly across the street, takes you to Wilson Farm, Stop & Shop, Market Basket, the Lexington Community Center, Burlington Mall, Arlington Heights, and other local hubs, while two MBTA commuter bus routes also with stops directly across from building link you directly to Alewife Station and the Red Line for an easy ride into Boston and Cambridge. Prefer to stay active? The Minuteman Bikeway and the Across Lexington trail system are close by for biking, walking, and jogging. FEATURES: Ride the elevator up to your top-floor corner unit retreat in one of Lexington's most iconic schoolhouse conversions. This sun-filled 2-bedroom condo features a spiral staircase to a loft bedroom, an eat-in kitchen, large bath and a glass slider to your private outdoor deck. Move right in and enjoy exceptional value in a well-maintained building with one permanent parking space, with extra spots for a second car or guests always available. On-site laundry and bike storage make daily life easier, and families can look forward to Lexington's renowned schools with year-round central enrollment. DETAILS: Muzzey High Condominiums, developed by LexHAB offers one of the only affordable path to home ownership in Lexington. To keep affordable LexHab limits both the resale price and buyer household income, increased annually. The resale value grows 5% per year from the most recent sale price and today this would be approximately $600,000 and as of 5/31/2026 income ceilings are high at $339,050 (1 person), $387,901 (2 people), and $402,440 (3 people). These are owner-occupied condominiums with short approved exceptions to the rental prohibition for approved reasons; a residential, not investment condo, good for families, singles, retirees and those who want a residential lifestyle.

Location

State MA

County Middlesex

Zoning RS

Direction Driveway is across from Slocum Road. Park and enter at the rear of the building. Parking unassigned.

Rooms

Basement N

Primary Bedroom Level First

Kitchen Skylight, Dining Area, Stainless Steel Appliances

Interior

Heating Heat Pump, Electric

Cooling Central Air

Appliance Range, Dishwasher, Disposal, Microwave, Refrigerator

Laundry In Building

Exterior

Exterior Feature Balcony

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, House of Worship, Public School

Roof Type Shingle

Total Parking Spaces 2

Garage No

Building

Story 2

Sewer Public Sewer

Water Public

Schools

Elementary Schools School Board

Middle Schools Clarke Ms

High Schools Lexington Hs

Others

Pets Allowed No

Senior Community false

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Listed by MA Properties

View 1475 Massachusetts Ave on Redfin Full photos, price history & neighborhood details