Condominium at 1475 Massachusetts Ave # 463, Lexington MA 02420, Lexington
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$590,000

1475 Massachusetts Ave # 463, Lexington MA 02420
Lexington, MA 02420
Listed by Andrew Dixon
Bedrooms
2
Bathrooms
1
Living area
1,138 sqft
Year built
1985

About this home

LIMITED TIME OFFER: Seller Concession available on this Moderate Income Unit for allowable costs such as an interest rate buy-down, closing costs, or prepaids. CONVENIENCE: This prime location is just steps from Lexington Center, with its shops, restaurants, library, seasonal farmers’ market, and historic Battle Green. Getting around is easy thanks to the Lexpress shuttle with stops at or near Wilson Farm, Stop & Shop, Market Basket, Lexington Community Center, Burlington Mall, Arlington Heights, and other local hubs. Two MBTA bus routes, with stops conveniently located near the front of the building, go to Alewife Station on the Red Line for a seamless commute to Boston and Cambridge. The Minuteman Bikeway is close by for cycling, walking, or jogging, as well as access to the Across Lexington trail system. FEATURES: Take the elevator from the main entry for easy access to your top-floor retreat and step into this sun-filled 2-bedroom condo in one of Lexington's iconic schoolhouse conversions featuring a spiral staircase to a loft bedroom, an eat-in kitchen, and a glass slider that opens to a private deck. Families will also appreciate access to Lexington's renowned schools with year-round central enrollment. This turnkey home offers an exceptional value with a moderate $418 per month HOA fee in a solid, well-maintained building and one permanent parking space. Plenty of additional parking for a second car or guests has always been available. An on-site laundry room and bike storage add further convenience. PROGRAM DETAILS: Muzzey High Condominiums was developed by LexHAB and is administered by Regional Housing Service Office. RHSO limits the resale amount and buyer income ceilings. Resale value increases 5% annually based on the most recent sale price and closing date. The maximum resale value for 9/15/2026 is approximately $590,00. Household income ceilings increase annually, on 5/31/2026 they were $339,050 for one person, $387,901 for two people, and $402,440 for three people. The unit cannot be used as an investment property.

Property details

MLS #
73534693
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
105
On market date
June 11, 2026
Stories
2
Total bathrooms
1
Garage spaces
N/A
Parking spaces
2
Lot size
N/A
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Fiske
0.91 mi away · Grades 0-5
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
342
Student:teacher ratio
9.0:1
District
Lexington
Middle
Jonas Clarke Middle
1.15 mi away · Grades 6-8
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
829
Student:teacher ratio
9.9:1
District
Lexington
High
Lexington High
0.67 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
2,273
Student:teacher ratio
12.4:1
District
Lexington

Walkability

Blended score for Lexington's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

76
Walkable
out of 100
EPA National Walkability Index
13.3 / 20 -- Above average walkable
Nearby-amenity density
90 / 100
Restaurants & cafes20
Grocery stores2
Parks14
Schools20
Transit stops20
Pharmacies2

Market position

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

On the market 105 days -- 11 fewer days than Lexington's current average of 116 days.
For reference, the median list price across 258 active listings in Lexington right now is $1,162,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,703/mo
$118,000 down
$472,000 loan
Principal & interest$3,061
Property tax (est.)$492
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 12 days ago.

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.