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Offered at $560,000Active
beds
2
baths
1
sq ft
1,138
Built
1985

1475 Massachusetts Ave #463

Lexington, MA 02420

About this home

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.

Listing last checked: Listing updated:

Listed by Andrew Dixon · MA Properties · MLS #73534693

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Details at a glance

Interior4 property facts
Rooms
4
Heating
Heat Pump, Electric
Cooling
Central Air
Basement
No
Building4 property facts
Style
Condominium
Year built
1985
Parking
2
Roof
Shingle
Land & utilities4 property facts
Water
Public
Sewer
Public Sewer
Pool
Not reported
Zoning
RS
Financial3 property facts
Annual taxes
$6,020
Assessment year
2025
HOA fee
$418 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $560,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,333 / monthAdjust
Principal & interest
$2,832
Property tax
$502
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $6,020. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $418. The billing period was not supplied; confirm the monthly amount before adding it.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Automated value estimate $599,210

Estimated range $553,309–$645,111.

Automated estimates are not appraisals or guarantees of market value.

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Comparable properties 3 supplied

Sold Jul 31, 2026

$520,000

269 Cambridge Rd #204

Sold Jul 24, 2026

$520,000

273 Cambridge Road #508

Sold Sep 15, 2026

$579,000

975 Massachusetts Avenue #108

Photo-based condition insights

Overall presentation: above average

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About 1475 Massachusetts Ave #463

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