Some readers may recall this sprawling, 13,000-square-foot mansion for sale on a 9-acre estate down in Tacoma from an earlier post:
As I pointed out to Curbed Seattle last week, the seminary campus recently had a massive $1,000,000 price drop—12.5% off the previous list price of $8,000,000.
This week they followed up one of the biggest price drops in the region with one of the smallest. Yesterday they knocked another $4,500 off the list price, a drop of 0.06%.
I wasn’t interested at $6,999,500, but now that you dropped the price to $6,995,000, I’m contacting my agent right away to write up an offer!
Wait, no. Nobody who might be in the market for a $7m seminary campus in Tacoma is going to be moved to action by a $4,500 price drop. So what possible reason could the listing agent and seller have to push such a piddly price drop?
00
They clearly just corrected their previous typo…
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RE: Daniel @ 1 – That would be my guess too.
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RE: Kary L. Krismer @ 2 – Sure.. just spoil the post. We could have kept this topic alive for days but no, you two had to ruin it.
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RE: Pegasus @ 3 – What about Daniel? ;-)
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I don’t get the “typo correction” theory though. Even if they had intended to enter $6,995,000 and accidentally typed $6,999,500 instead, why even bother to correct that when the difference between the two is less than a tenth of a percent?
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RE: The Tim @ 5 – Because that’s what the document the client signed said???? If I had made such a mistake, I would adjust the price to what the client signed rather than go see the client to get a new document signed.
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RE: Kary L. Krismer @ 4 – That is why I posted “you two”. Since there were only two posts before mine I figured intelligent posters would figure it out.
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I am going to go with boredom, assuming that the typo theory isn’t correct (though I am sure it probably is).
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RE: Pegasus @ 7 – I missed the “two” part when I was reading it. I was just assuming you were blaming me because I’m an agent. ;-)
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My guess is the conversation went something like this:
“I need this sucker sold- the new yacht arrives in November and we have a year-end ballon on the jet. Drop the price $4,500 a week until it’s sold. I’m not just paying you to hand out cookies at the open house.”
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They could be hoping to trigger any computer systems that watch and wait for price changes.
Essentially making it look as if it were “repriced” or “relisted” once more.
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RE: Real World Express @ 11 – Because you really need to take that extra effort to stand out from all the other $5M+ listings in Tacoma. ;-)
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Blurtman Ministries is submitting an offer.
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Hey thats a nice place. I used one of the bathrooms there once while jogging around the neighborhood. Nice view from the bathroom.
Hope one of you buy it so we can have a Seattle Bubble Meeting there. I will go back to the same bathroom since my memories are so positive from the last experience.
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I wonder what the absorption rate is for 7 million dollar homes in Tacoma? Or would that be an imaginary number?
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RE: One Eyed Man @ 15 – I’m only showing one over $2M going back quite a way. That doesn’t sound right though.
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Hey Tim – is there a way to set up the blog for nested comments to hang together, like facebook posts? And to allow Likes? I have nothing to add to this conversation, but I would “vote” for the story that alighed with my thoughts….
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RE: ray pepper @ 14 -
I’m not sure if your use of the bath room adds to, or subtracts from, the value of the property.
I mean, if we buy the place do we have to let joggers in to use the bath rooms? Is this one of those open and notorious use situations?
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RE: ray pepper @ 14 – Ray — Did you use the bathroom there the same way you use the bathroom at the Claimjumper?
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RE: WestSeattleDave @ 19 -absolutely not! I was jogging….no pretzles…no cheese dip…no rotisserie chicken…….dang it now you went and did it….salavation………
not sure if you got my post in the past but I narrowed down my gut wrenching pain to a certain food item at Claim Jumpers. If you recall after eating there I would have to pull over on I5 with intense cramping and sweat pouring off my bald scalp.
I found the culprit…The Gold Rush Chicken Gravy and the cheese dip for the pretzles. I can handle the cheese dip by itself but if it crosses paths with the Gold Rush Sauce in my stomache I have less then 30 minutes until a catastrophe of epic proportions.
and there you have it…you ALL have been warned.
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RE: Real World Express @ 11 –
Yep, that is what I think, and it worked! Changing the price most likely sent 2 notices to The Tim. Then followed up by lots of exposure on this blog.
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Maybe We Should Call Ghost Hunters?
The place definitely looks haunted to me, maybe that’s why it isn’t selling….LOL
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Charles Xavier and I were just saying that we need a West-Coast Xavier Institute for Higher Learning.
Graymalkin Industries is writing an offer as we speak!
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By Scotsman @ 10:
Those Baptist seminarians do live high on the hog.
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RE: deejayoh @ 24 –
I know, I know- but come on, have some fun. You concrete/linear thinking genius techies need to lighten up! Then again, check out the big 6:
http://nakedlaw.avvo.com/2010/06/6-outrageously-wealthy-preachers-under-federal-investigation/
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By Scotsman @ 10:
You think they’d have cookies at the 7 million dollar seminary open house? Maybe if they’re cocaine laced, alongside the caviar.
But more likely you’re right. They’re from Costco, served alongside those insipid roll up sandwiches.
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I would guess that there is only one possible buyer for this property–McMenamins–and these price drops are part of the seller’s elaborate attention-getting dance. David Attenborough should narrate.
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It’s really moot at this point, and we know whre the realtors are heading.
http://www.msnbc.msn.com/id/40885541/ns/us_news-life/t/end-days-may-believers-enter-final-stretch/
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RE: Blurtman @ 28 – A cash buyer could close tomorrow!
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RE: Ira Sacharoff @ 26 –
I tried to get the listing but they had a problem with my proposed marketing material saying:
“Jesus says everything must go before 2012! Free fishes and loaves with every closing! No reasonable offer refused! Buy now or be priced out for eternity!”
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RE: Kary L. Krismer @ 29 – :?) wetting pants LOL
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Too bad the world just ended, otherwise I would have considered buying… oh wait
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Is it not strange that the listing and comments downplay the largest building in the complex? Despite its provenance, this is a commercial property suited for a very limited number of uses. Does it really tell us anything about the Seattle housing market?
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