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1475 Massachusetts Ave #463

Lexington, MA 02420
$560,000
2 Beds
1 Bath
1,138 Living Area
  • 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.
  • Highlights
    • Building Name: Muzzey High Condominiums
    • Heating: Heat Pump, Electric
    • Parking Spots: 2
    • Property Type: Condominium
    • Total Rooms: 4
    • Year Built: 1985
    • Cooling: Central Air
    • HOA Fee: $417
    • Property Class: Residential
    • Stories: 2
    • Unit Number: 463
    • Status: Active
  • Additional Details
    • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
    • Exterior Features: Balcony
    • SqFt Source: Public Record
    • Year Built Details: Actual
    • Zoning: Rs
    • Basement: N
    • Roof: Shingle
    • Total Number of Units: 71
    • Year Built Source: Public Records
  • Amenities
    • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, House of Worship, Public School
    • Security Features: Intercom
    • Parking Features: Off Street
  • Utilities
    • Electric: Circuit Breakers
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $492,265
    • HOA Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
    • Taxes: $6,020
    • HOA Fee Frequency: Monthly
    • Tax Year: 2025

Location

1475 Massachusetts Ave #463, Lexington, MA 02420

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of MA Properties. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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