NOT LISTED FOR SALE

1475 Massachusetts Ave Unit 225 Lexington, MA 02420

Munroe Hill Neighborhood

Estimated Value: $325,000 - $390,000

1 Bed
1 Bath
590 Sq Ft
$232/mo HOA Fee

Last Sold February 27, 2023

Last sale price $295,999 $502 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,405/month

4 Days on Market

Highlights

  • Property is near public transit
  • Main Floor Primary Bedroom
  • Jogging Path
  • Bowman Elementary School Rated A+
  • Community Pool
  • Elevator

About This Home

As of February 2023

Welcome home to this freshly painted condo unit, a rare offering in the desirable Muzzey High building located only steps to Lexington’s town center. Commuters will appreciate MBTA bus routes out front and the Minuteman Bike Path at the back. You will love coming home to the light filled living/dining room, perfect for hanging out or entertaining. The updated kitchen features stylish white cabinetry, an informal dining area, built-in desk nook, and premium SS appliances including the Bosch dishwasher and Fisher & Paykel refrigerator. The on-site laundry room and bike storage adds convenience. Both the laundry room and elevator are easily accessible to the unit. Muzzey High Condominium sale prices are restricted by the Town of Lexington. This list price is based on an April 1 calculation, the sale price will be calculated for the actual closing date. Household Income Restrictions: (1 Person) $173,322, (2) $198,295 (3) $205,728. Cannot be used as an investment property.

Last Agent to Sell the Property

Andrew Dixon

MA Properties Listed on: 01/26/2023

Last Buyer's Agent

Judith Moore

Barrett Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,401

Year Built

  • Built in 1985

Lot Details

  • Near Conservation Area
  • Two or More Common Walls

HOA Fees

  • $232 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 590 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Intercom

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Car Parking Space
  • Common or Shared Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Location

  • Property is near public transit
  • Property is near schools

Schools

  • School Board Elementary School
  • Clarke Middle School
  • Lexington High School

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:0048 L:276225,3301828

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash
  • 71 Units
  • Mid-Rise Condominium
  • Muzzey High Condominiums Community

Amenities

  • Common Area
  • Shops
  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,401

Year Built

Built in 1985

Lot Details

0

HOA Fees

$232 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1985
  • Buyer Agency: 2.5
  • Entry Level: 2
  • Transaction Broker: 2.5
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Vinyl, Carpet
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Refrigerator, Electric Water Heater,Tankless Water Heater
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Flooring - Wall to Wall Carpet
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 180
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Vinyl, Stainless Steel Appliances
  • Room Kitchen Area: 112
  • Laundry Features: In Building
  • Room Living Room Level: First
  • Room Living Room Area: 204
  • Room Living Room Features: Flooring - Wall to Wall Carpet
  • Basement: N
  • Living Area: 590
  • Other Equipment: Intercom
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN6342
  • LIST PRICE PER Sq Ft: 503.89
  • PRICE PER Sq Ft: 501.69
  • MAIN SO: AN0538

Exterior Features

  • Common Walls: 2+ Common Walls
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Common
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Elevator(s)
  • Association Fee: 232
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, House of Worship, Public School
  • UNIT BUILDING: 225
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:0048 L:276225,3301828
  • Zoning: ND
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 249
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2401
  • Tax Book Number: 30107

Multi Family

  • Number Of Units Total: 71
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Lexington Hs
  • Elementary School: School Board
  • Middle Or Junior School: Clarke Ms

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Feb 15, 2023
Sold by
Butler Bruce B
Bought by
Wright Katrina M
Seller's Agent
Andrew Dixon
MA Properties
Buyer's Agent
Judith Moore
Barrett Sotheby's International Realty
List Price
$297,294
Sold Price
$295,999
Premium/Discount to List
-$1,295
-0.44%
Views
109
Current Estimated Value
$349,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,563
Avg. Annual Appreciation
8.39%

Purchase Details

Closed on
Apr 29, 1999
Sold by
Burgess Lisa A
Bought by
Butler Bruce B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 1995
Sold by
Petersen Helen O
Bought by
Burgess Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,350
Interest Rate
7.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Wright Katrina M $295,999 None Available
Wright Katrina M $295,999 None Available
Butler Bruce B $90,350 --
Burgess Lisa A $76,430 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burgess Lisa A $55,000
Previous Owner Burgess Lisa A $69,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $295,999 -0.4% $502 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $297,294 -- $504 / 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 $3,727 $304,779 $0 $304,779
2024 $3,195 $260,820 $0 $260,820
2023 $2,691 $207,000 $0 $207,000
2022 $2,401 $174,000 $0 $174,000
2021 $2,202 $153,000 $0 $153,000
2020 $2,150 $153,000 $0 $153,000
2019 $2,160 $153,000 $0 $153,000
2018 $2,188 $153,000 $0 $153,000
2017 $2,217 $153,000 $0 $153,000
2016 $2,234 $153,000 $0 $153,000
2015 $2,274 $153,000 $0 $153,000
2014 $2,373 $153,000 $0 $153,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73073834

MLS Property Information Network (MLS PIN)

APN: LEXI-000048-000000-276225