54 Lyman Ave # 1, Medford MA 02155

Medford, MA 02155
$1,030,000
Est. $5,482/month
4
Beds
3
Baths
1,942
Sq Ft
$530
Price/Sq Ft
2024
Year Built
Condominium
Type
121
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73309590

About this home

Price Improvement! Discover this fantastic, fully renovated condo in the highly desirable South Medford area. Stripped down to the studs, this property boasts all-new mechanical systems. Spanning two levels, the unit features 4 spacious bedrooms, 3 modern bathrooms, and an open living area. The design is impeccable, with high-quality finishes, stainless steel appliances, and elegant quartz countertops. Additional highlights include one off-street parking spot, a private deck, and a shared patio perfect for entertaining. The location is ideal, offering proximity to Tufts University, major routes such as 16 and 93, Whole Foods, a variety of restaurants, and the newly opened Green Line College Ave Station. This home provides a perfect blend of style and convenience in a prime location.

Sale Statistics

Sale Overview
Original List Price: $1,175,000
Final Sale Price: $1,030,000
Difference: $145,000 (-12.3%)
Performance Metrics
87.7%
List to Sale Ratio
Sold below asking price
121
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $605
Sale $/sq ft: $530
This property sold for $530 per square foot
Sale Summary

This property sold for 12.3% below the original asking price.

At 121 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
2024
Bedrooms
4
Full Bathrooms
3
Living Area
1,942 sq ft
Total Rooms
8
Stories
2
Entry Level
1

Interior Features

Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
1
Laundry Features
In Basement
Basement Details
Y

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Exterior Features
Porch, Deck
Patio/Porch Features
Porch, Deck
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
110 Volts

Community & HOA

HOA Fee
$250
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,999
Tax Year
2024
Tax Assessed Value
$999,999
Zoning
GR

Additional Details

Year Built Source
Builder
Year Built Details
Actual
Disclosures
Taxes will be reassessed as this is newly converted condo. LA has ownership in interest

Location

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Neighborhood

54 Lyman Ave # 1, Medford MA 02155

Medford, MA 02155

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $833
Homeowners Insurance $200
HOA Fee $250
PMI $0

Property History

Market Insights

2.9%
Price Range
123
Total Days on Market

Property Timeline

Sold
Apr 1, 2025
$1,030,000
Property sold
Days on Market: 123
🏠
Listed for Sale
Nov 5, 2024
$999,995
Original listing
Office: eXp Realty

Price & Status History

Date Event Price Change
Nov 5, 2024 New Listing Added $999,995

Market Statistics

Days on Market
121 days
Price per Sq Ft
$530

Tax History

Year Taxes Assessment
2024 $9,999 $999,999

Financial Details

Annual Property Tax
$9,999
Tax Year 2024
HOA Fee
$250
Monthly
Assessed Value
$999,999

Listing Information

Listing Agent The Encompass Group
Listing Office eXp Realty
Agent MLS ID TM359578
Office MLS ID AN8920

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