1475 Massachusetts Ave Unit 463, Lexington, MA 02420

Property Description

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.