Gatewood church up for sale again
March 10, 2009 at 8:01 am | In Gatewood, Triangle, West Seattle news, West Seattle religion | 3 CommentsView Larger Map
The big brick church at California/Othello (map) is in the market for its third new owner in less than three years. Then-Gatewood Baptist Church was sold in September 2006 to a developer as part of a $3.2 million package including the former church school to the east (now art/craft studios) and church-owned property across California that became a “micropermitted” townhouse cluster. The developer sold the church building to Seattle International Church six months later for $1.8 million; now, two years after that deal, it’s on the market for $2.1 million. It’s not the only church building for sale in West Seattle right now; Eastside Christian Assembly in the Triangle remains listed at $2.6 million.
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Quick! Somebody call Mars Hill!
Comment by MrDude — 8:14 am March 10, 2009 #
“The developer sold the church building to Seattle International Church six months later for $1.8 million; now, two years after that deal, it’s on the market for $2.1 million.” – I thought property values have gone down, not up over the past 2 years? To say it’s worth $300K more than it was purchased for is a nice gain in this type of economy.
Comment by rnl — 12:41 pm March 10, 2009 #
One possible explanation for a higher price might be some alterations the current owners have made – if you look at the photos on the listing I linked, they mention and show various work done inside … TR
Comment by WSB — 12:52 pm March 10, 2009 #