497 Massachusetts Avenue, Lexington MA 02420

Lexington, MA 02420
$950,000
Est. $5,056/month
4
Beds
2
Baths
1,617
Sq Ft
$588
Price/Sq Ft
0.37
Acres
1965
Year Built
Multi Family
Type
4
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73171986

About this home

Exceptional opportunity to own or invest in Lexington! Well maintained two family home located minutes to all that Lexington has to offer. Each floor features an open and flexible floor-plan with an eat-in kitchen, separate living room, two spacious bedrooms, full tile bath, hardwood floors, full walk-out basement, plenty of storage and a beautiful backyard! Easy access to Routes 2 & 95, directly located on the 62/76 MBTA bus route to Alewife T Station, near conservation land, pond, Minuteman Bike Path, and Wilson Farms is just around the corner!

Sale Statistics

Sale Overview
Original List Price: $799,900
Final Sale Price: $950,000
Difference: +$150,100 (+18.8%)
Performance Metrics
118.8%
List to Sale Ratio
Sold above asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $495
Sale $/sq ft: $588
This property sold for $588 per square foot
Sale Summary

This property sold for 18.8% above the original asking price, indicating strong buyer demand.

With only 4 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1965
Bedrooms
4
Full Bathrooms
2
Living Area
1,617 sq ft
Total Rooms
8
Stories
2
Levels
2

Interior Features

Flooring
Tile, Hardwood
Has Fireplace
No
Basement Details
Full, Concrete

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Concrete Perimeter
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.37 acres
Lot Size
15,936 sq ft
Lot Size Area
0.3700
Lot Features
Wooded, Gentle Sloping
Frontage Length
74 ft
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street, Paved

Utilities & Systems

Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 100 Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Bike Path, Conservation Area, Highway Access, Private School, Public School
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,516
Tax Year
2023
Tax Assessed Value
$732,000
Parcel Number
549242
Zoning
RS

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate,Renovated Since
Disclosures
1st floor is TAW, 2nd floor to be delivered vacant.

Location

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Neighborhood

497 Massachusetts Avenue, Lexington MA 02420

Lexington, MA 02420

Walkability

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Schools

Elementary School
Lps
Rating information coming soon
Middle School
Lps
Rating information coming soon
High School
Lps
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $793
Homeowners Insurance $200
PMI $0

Property History

Market Insights

15.8%
Price Range
5
Total Days on Market

Property Timeline

Sold
Dec 19, 2023
$950,000
Property sold
Days on Market: 5
🏠
Listed for Sale
Oct 19, 2023
$799,900
Original listing
Office: Century 21 Shawmut Properties

Price & Status History

Date Event Price Change
Oct 19, 2023 New Listing Added $799,900

Market Statistics

Days on Market
4 days
Price per Sq Ft
$588

Tax History

Year Taxes Assessment
2023 $9,516 $732,000

Financial Details

Annual Property Tax
$9,516
Tax Year 2023
Assessed Value
$732,000

Listing Information

Listing Agent Jan Luchetti
Listing Office Century 21 Shawmut Properties
Agent MLS ID CN240356
Office MLS ID BB2272

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