Active

93 Days on market

242 Lincoln Street Lexington — Photo 1 of 30

$929,000

242 Lincoln Street, Lexington, MA 02421

Lexington, MA 02421

Beds

Baths

SqFt

1,299

Style

Single Family

Built

1927

Attention Developers and Builders.....Owned by the same family for over 50 years, this home is ready to be transformed for the next family. This well located lot abuts conservation land and is very close to Bridge Elementary School and Lexington High. Whether you are looking for a renovation/addition project, or a new build, this is the one you've been waiting for. The house is set back from the road with an expansive backyard,. The woodwork in the home is the perfect backdrop to the traditional layout with living, dining and kitchen on the first floor and three bedrooms and bath on the second. Bring your ideas and creative vision to make this home your own.

Market Value Analysis

This Property

Size (SqFt) →Price →

This Property$715/sqft

Local Avg (Lexington)$631/sqft

13% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lexington, MA.

Financials

Original Price$929,000

Annual Taxes$12,334

Parking

Garage2

Off-Street6

Interior Specifications

Total Rooms6

FireplacesNone

FlooringWood, Vinyl

BasementFull

Climate & Utilities

HeatingCentral, Hot Water, Oil

CoolingNone

WaterPublic

SewerPublic Sewer, Private Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationStone

ZoningRS

Property & Lot

Acres0.27

SqFt Lot11,774

Lot FeaturesGentle Sloping

Amenities & Appliances

Water Heater

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Walk/Jog Trails • Conservation Area • Highway Access

Geography

Population

18,080

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$228K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

24.1%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 650 sq ft (the lesser of 900 sq ft or half the 1,299 sq ft principal dwelling). Lot size: 11,774 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Full Lexington, MA market report ZIP 02421 market data

Listing Provided By

Listing Agent: David P. Veo

Listing Office: Freedom Realty Advisors

MLS® Number: 73536069