Home Buying in Waltham>Question Details

Homebuyer, Home Buyer in Boston, MA

Townhouse in Waltham Opinions?

Asked by Homebuyer, Boston, MA Tue Sep 2, 2008

I was considering this tonhouse at 144 Clark Street in Waltham. Any opinions on the neighborhood and also future prospects as an investment?

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6
2 Blocks down East you will find a Work out world (W.O.W). 3 blocks down is where they plan to build a Lowes (possibly..they are trying to get a parking variance) These are both on Seyon St. which turns into Gore St.
0 votes Thank Flag Link Mon Sep 8, 2008
Would you consider Maynard, I just placed a family in one of these and they are really sweet!

216 Main St. U: D2, Maynard, MA

Good Luck
0 votes Thank Flag Link Sat Sep 6, 2008
I did not see any gym or any open space for lowes there. Also, is this a desirable location for a resale? I have been looking at this house and another one in Ashland at america blvd, but I feel in terms of an investment waltham should be better
0 votes Thank Flag Link Sat Sep 6, 2008
I am from Waltham. Born and raised. Clark st is a pretty good neighborhood and after looking at the listing it looks like a gorgeous town home. Just a comp for you. On feb 29th a house sold on Grove st not too far from Clark st 2 1/2 bath, 1560 sf built in 05 sold for 420. Stainless steel and granite kitchen and absolutely stunning inside. If you can get it for under 420 it is worth the price. The neighborhood is nice. Near a gym, close to watertown. In a couple years they might even be putting in a Lowe's down the road next to the gym. I say put in an offer at 410 and you might find yourself a deal.
0 votes Thank Flag Link Fri Sep 5, 2008
Correction to my last: bought in 2006 (year it was built) not 2003 ... Sorry for the mistype.
Web Reference: http://www.territoryre.com
0 votes Thank Flag Link Tue Sep 2, 2008
It was bought in 2003 for $403,000 so they are pretty close to selling it at a loss. Depending what their mortgage amount was they may be close to becoming short sale, which can be a very frustrating process. It has been on the market for 72 days and dropped in price once. I checked out the sales history for waltham condo's and 6 have sold in the last year with and average sale price of $388,483. The average discount off of original price is 5% and the average days on market is 72. Right now there are 33 townhouses on the market so there is pretty stiff competition which is likely part of the reason it hasn't sold yet. For instance these:

http://www.territoryre.com/idx/listings/70721560/details.html

http://www.territoryre.com/idx/listings/70792629/details.html

http://www.territoryre.com/idx/listings/70780133/details.html

Seems the property is in nice condition - built in 2006 so fully upgraded - plus it has garage parking. Near the train and park.

Generally speaking Waltham is a great place to consider investing as they are seeing an economical boost because a lot of tech businesses are moving their head quarters to the area due to proximity to the city and lower commercial costs, which should help boost the residential market.

Hope that helps. Good luck!
0 votes Thank Flag Link Tue Sep 2, 2008
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