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The Seattle house that simply gained’t promote is a last resting place

by Index Investing News
February 26, 2025
in Property
Reading Time: 3 mins read
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Folks endlessly scrolling by Zillow have had virtually a yr to leap on one of many extra uncommon listings in North Seattle: a 122-year-old cemetery.

Questions have swirled across the Crown Hill Cemetery since final yr. Would builders construct properties and flats on prime of graves? Would anybody purchase a home just a few ft away from a gravestone?

Neighborhood residents have begun to fret in regards to the rolling inexperienced graveyard’s future, as they’ve seen property survey stakes jutting out of the bottom close to grave websites.

However a lot of the fears might be assuaged, for now. And there’s no threat of stays being exhumed to make method for million-dollar properties although the corporate managing the property isn’t against the thought of properties lining the cemetery with a greenbelt between them and the afterlife.

In the course of a three-year-long authorized battle between the cemetery’s former homeowners and their lender, the cemetery was put into receivership to assist pay the virtually $2.3 million debt, in response to courtroom data filed in King County Superior Court docket. Pacific Crest Realty Advisors was appointed to handle the 2021 receivership, dealing with the debt funds and sale of the cemetery property.

The agency bought two tons within the northeast and southeast corners of the property. These have been spun out into their very own land parcels, in response to King County data. They weren’t designated to be used as a cemetery.

A 6,558-square-foot lot was bought for $410,000 in April 2023, data present. A 3,756-square-foot lot bought for $295,000 in July 2022 and once more for $409,000 in January 2024.

Sid Constantinescu, the court-appointed receiver, stated a plan for a house or attainable resale of the lot bought in April 2023 could possibly be the rationale neighbors are seeing survey stakes.

Consumers scoop up items of Crown Hill Cemetery

Crown Hill Cemetery has sat available on the market for practically a yr with out a purchaser for the virtually 10-acre property. In the meantime, the agency managing it has bought some chunks of the land that aren’t designated for burial grounds.

“They put out survey stakes as a precursor to any land use,” he stated. “Town most likely requested them to try this within the allowing course of.”

The proprietor of the lot sought permits for a single-family house with connected and indifferent garages after they bought it, in response to allow functions filed with the town of Seattle. Nothing has been filed since December 2023.

Even when somebody was breaking floor on a house quickly, it’s unlikely it might be near a grave, Constantinescu stated. “You’d most likely have a 10- to 20-foot buffer zone contained in the lot line,” he continued, and there’s no likelihood something could be constructed on prime of a grave.

“I wish to be categorical about that,” he stated. “Between the town of Seattle, King County and Washington state, they won’t enable one bone to be moved.”

Whereas your entire cemetery is on the market, it’s possible one other nook can be divided up for sellers. The southwest nook has sufficient house with out graves beneath that could possibly be break up into two tons.

The remainder of the property has been difficult to promote. Mike Peters, the itemizing agent for the cemetery, stated there’s not a lot likelihood to spin some cash out of it as-is.

“The cemetery has been round so lengthy it’s being stuffed up,” Peters stated. “There isn’t plenty of room for extra folks to be interred.”

Options to the overcrowding downside would require additional funding. Aboveground columbaria, which retailer urns, may add 4,000 or 5,000 extra areas for people who find themselves cremated, Peters stated.

Constantinescu stated he’s been trying to promote the cemetery to a church or the town of Seattle since no one needs to “purchase a cemetery that has potential authorized overhang” as he claims the Crown Hill Cemetery does. He stated the grounds are in disrepair and the endowment fund is dry.

Cemeteries in Washington state have endowment care funds. When somebody pays for a burial, a slice of the cash is put right into a fund that accrues curiosity and pays for the overall upkeep of the gravesite.

“There’s no financial worth if there’s no endowment,” Constantinescu stated.

The cemetery’s worth is break up into two listings. The receiver is asking $600,000 for the part that could possibly be break up up into two tons and developed, and practically $1 million for the cemetery. Lack of purchaser curiosity would possibly counsel it’s too excessive, however you possibly can’t put a worth on quiet tenants.



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