NOT LISTED FOR SALE

1023 Massachusetts Ave Unit 1023 Lexington, MA 02420

Follen Heights Neighborhood

Estimated Value: $781,000 - $1,093,000

2 Beds
3.5 Baths
1,824 Sq Ft
$507/Sq Ft Est. Value

Last Sold August 10, 2022

Last sale price $925,000 $507 Per Sq Ft

Current estimated payment $6,464/month

5 Days on Market

Highlights

  • Landscaped Professionally
  • Property is near public transit
  • 1 Fireplace
  • Bowman Elementary School Rated A+
  • Wood Flooring
  • End Unit

About This Home

As of August 2022

Rarely available East Village Square townhouse within steps to the Minuteman Bikeway! This updated condo is set 250' back from Mass. Ave and surrounded by green lawns, giving it both privacy and the convenience of being near Lexington Center, Wilson Farms, the bus to Alewife & Route 2. Enjoy cooking in the modern kitchen, with quartz countertops, tile backsplash and Viking gas range. The large and sunny living room features a fireplace, hardwood floors & french doors that lead to the private patio, which abuts lush greenery & sits above the bike path. Upstairs, you will find two generously sized bedrooms, one with an en suite bath. Both have walk-in closets and there is another full bath on this level. The lower level offers more living space with an office, bonus/guest room, full bath and laundry. With a newer heating system, central air, central vac, a one car garage and recent exterior paint (2021), there's nothing to do but unpack and take advantage of all Lexington has to offer!

Last Listed By

Martha Sevigny

William Raveis R.E. & Home Services Listed on: 06/22/2022

William Raveis R.E. & Home Services

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,192

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • 435 Sq Ft Lot
  • Near Conservation Area
  • End Unit
  • Landscaped Professionally
  • Sprinkler System

HOA Fees

  • $524 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,824 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • Ceiling Fan
  • Recessed Lighting
  • 1 Fireplace
  • French Doors
  • Home Office
  • Laundry in Basement
  • Attic Access Panel
  • Electric Dryer Hookup

Kitchen

  • Stove
  • Stainless Steel Appliances
  • Solid Surface Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • Bathtub with Shower
  • Separate Shower

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Patio
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number M:0030 L:01365,550413

Community Details

Overview

  • Association fees include insurance, maintenance structure, ground maintenance, snow removal
  • 11 Units
  • East Village Community

Amenities

  • Shops

Recreation

  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,192

Year Built

Built in 1976 | Remodeled

Lot Details

0

HOA Fees

$524 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Townhouse
  • Property Condition: Updated/Remodeled
  • Year Built: 1976
  • Buyer Agency: 2.5
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet
  • Interior Amenities: Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Bathroom, Home Office, Central Vacuum
  • Door Features: French Doors
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Gas Water Heater,Tank Water Heaterless, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Attic Access, Recessed Lighting
  • Room Bedroom2 Area: 176
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bathrooms: 3.5
  • Room Master Bedroom Features: Bathroom - 3/4, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
  • Room Master Bedroom Level: Second
  • Room Master Bedroom Area: 196
  • Bathroom 1 Features: Bathroom - Half, Flooring - Stone/Ceramic Tile, Remodeled
  • Bathroom 1 Level: First
  • Bathroom 2 Level: Second
  • Bathroom 2 Area: 45
  • Bathroom 2 Features: Bathroom - Full, Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Remodeled
  • Bathroom 3 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled
  • Bathroom 3 Level: Second
  • Bathroom 3 Area: 40
  • Room Dining Room Features: Flooring - Hardwood
  • Room Dining Room Level: First
  • Room Dining Room Area: 132
  • Room Family Room Level: Basement
  • Room Family Room Features: Flooring - Wall to Wall Carpet, Recessed Lighting
  • Room Family Room Area: 252
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Gas Stove
  • Room Kitchen Area: 90
  • Laundry Features: In Basement, In Unit
  • Room Living Room Level: First
  • Room Living Room Area: 280
  • Room Living Room Features: Flooring - Hardwood, Recessed Lighting
  • Room Office Level: Basement
  • Room Office Area: 64
  • Room Office Features: Flooring - Wall to Wall Carpet
  • Living Area: 1824
  • Stories Total: 3
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 492.87
  • PRICE PER Sq Ft: 507.13
  • MAIN SO: M59500

Exterior Features

  • Exterior Features: Professional Landscaping, Sprinkler System
  • Common Walls: End Unit
  • Construction Materials: Frame
  • Patio And Porch Features: Patio
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Detached, Assigned, Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Fee: 524.06
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Bike Path, Conservation Area
  • UNIT BUILDING: 1023
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal

Lot Info

  • Parcel Number: M:0030 L:01365,550413
  • Zoning: RT
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.01
  • Lot Size Area: 0.01
  • Lot Size Sq Ft: 435
  • Lot Size Units: Acres
  • PAGE: 123
  • OUTDOOR SPACE AVAILABLE: Yes - Private

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11192
  • Tax Book Number: 69362

Multi Family

  • Number Of Units Total: 11
  • Basement Included Sq Ft: Yes
  • NO UNITS OWNER OCC: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2022
Closed on
Aug 10, 2022
Sold by
Sethuraman Shriram and Devarajan Nitya
Bought by
Lee Yuhan and Yoon Ji H
Seller's Agent
Martha Sevigny
William Raveis R.E. & Home Services
Buyer's Agent
Miyana Bovan
William Raveis R.E. & Home Services
List Price
$899,000
Sold Price
$925,000
Premium/Discount to List
$26,000
2.89%
Total Days on Market
5
Current Estimated Value
$924,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$670
Avg. Annual Appreciation
-0.28%
Original Mortgage
$740,000
Outstanding Balance
$713,113
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$204,782

Purchase Details

Listed on
Mar 23, 2017
Closed on
May 31, 2017
Sold by
Caravella Jeffrey A and Caravella Stacey L
Bought by
Sethuraman Shriram and Devarajan Nitya
Seller's Agent
The Murphy Group Lexington
William Raveis R.E. & Home Services
Buyer's Agent
Philip Vita
Compass
List Price
$789,000
Sold Price
$750,000
Premium/Discount to List
-$39,000
-4.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.12%
Original Mortgage
$600,000
Interest Rate
3.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2014
Sold by
Derrick Michele R
Bought by
Caravella Jeffrey A and Caravella Stacey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2008
Sold by
Stacy John E
Bought by
Derrick Michele R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.17%

Purchase Details

Closed on
Aug 11, 2006
Sold by
Chipman Charles D and Chipman Elaine D
Bought by
Stacy John E and Derrick Michele R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2001
Sold by
Omalley Dennis M and Omalley Carol D
Bought by
Chipman Charles D and Chipman Elaine D

Purchase Details

Closed on
Nov 30, 1993
Sold by
Sexton Robert and Sexton Katherine
Bought by
Omalley Dennis M and Omalley Carol D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 1987
Sold by
Cataldo Robert A
Bought by
Sexton Robert

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lee Yuhan $925,000 None Available
Sethuraman Shriram $750,000 --
Caravella Jeffrey A $630,000 --
Derrick Michele R -- --
Stacy John E $485,000 --
Chipman Charles D $529,000 --
Omalley Dennis M $255,000 --
Sexton Robert $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Yuhan $740,000
Previous Owner Sethuraman Shriram $600,000
Previous Owner Caravella Jeffrey A $502,000
Previous Owner Caravella Jeffrey A $504,000
Previous Owner Derrick Michele R $50,000
Previous Owner Sexton Robert $318,500
Previous Owner Sexton Robert $25,000
Previous Owner Derrick Michele R $250,000
Previous Owner Stacy John E $220,000
Previous Owner Stacy John E $388,000
Previous Owner Sexton Robert $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2022 08/10/22 Sold $925,000 +2.9% $507 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $899,000 +19.9% $493 / Sq Ft
05/31/2017 05/31/17 Sold $750,000 -4.9% $360 / Sq Ft
03/31/2017 03/31/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $789,000 -- $378 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,478 $775,000 $0 $775,000
2024 $10,351 $845,000 $0 $845,000
2023 $10,660 $820,000 $0 $820,000
2022 $11,192 $811,000 $0 $811,000
2021 $11,095 $771,000 $0 $771,000
2020 $11,043 $786,000 $0 $786,000
2019 $10,406 $737,000 $0 $737,000
2018 $9,996 $699,000 $0 $699,000
2017 $9,100 $628,000 $0 $628,000
2016 $8,307 $569,000 $0 $569,000
2015 $6,271 $422,000 $0 $422,000
2014 $7,755 $500,000 $0 $500,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73001680

MLS Property Information Network (MLS PIN)

APN: LEXI-000030-000000-000136-000005