Real Estate

Waltham $1.6 Million Mansion Hits Market Amid Pandemic

While most of the economy remains under pressure, housing is an exception, according to housing experts.

WALTHAM, MA β€”While the pandemic has impacted nearly every facet of daily life in and around the city, people are still selling homes. We wondered what the most expensive home on the market looked like right now.

A quick search on realtor.com returned this new construction home that was finished and came on the market this month at $1.6 million.

What happened?

Find out what's happening in Walthamfor free with the latest updates from Patch.

β€œWhile most of the economy remains under pressure, housing continues to be an exception. Solid demand as well as low mortgage rates are driving growth in home sales,” Rubeela Farooqi, chief U.S. economist at High Frequency Economics, wrote in a research note, Patch partner Realtor.com reported.

According to the U.S. Census Bureau compared with last year, housing starts were up 11 percent.

Find out what's happening in Walthamfor free with the latest updates from Patch.

Home construction activity reportedly has shot up in the Northeast, in particular with a 67 percent jump in overall housing starts and a 21 percent increase in single-family starts.

Here's a look at the most expensive single family home on the market in Waltham this week, from Patch partner Realtor.com:

  • Address: 40 Clark Ln, Waltham, Massachusetts
  • Price: $1,625,000
  • Square Feet: 4,860
  • Bedrooms: 5
  • Bathrooms: 5 Full and 1 Half Baths
  • Built: 2020
  • Features: Introducing Clark Lane Estates the first of three new colonials being built in the prestigious Piety Corner section of Waltham. The first floor is comprised of living room, dining room, kitchen, with breakfast nook that opens up to a large family room with gas fireplace. There is also a first floor bedroom with full bath. The second floor has an additional four bedrooms and 3 full baths laundry room is located on this level as well. Finished third level with full bath. Lower level is also finished. This is the time to make this home yours by choosing your finishes such as cabinets, counter tops, and paint colors etc. You'll feel like your living in the country surrounded by beautiful trees but so close to all that Waltham has too offer with their wonderful restaurants and shops only a short distance away. Only minutes to routes I-90, I-95 and route 2. Pictures are of home with similar finishes.

This listing originally appeared on realtor.com. For more information and photos, click here.

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