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Schizo Price Drops on Seminary Campus in Tacoma

Posted on May 18, 2011November 7, 2014 by The Tim

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:


Northwest Baptist Seminary: For sale in Tacoma

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?

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