The vacant lot at SE 65th and Holgate—where a Coptic church once stood—is slated for the development of eight new homes. The developer, Everett Custom Homes, seeks to divide the property into eight 2,500 sq. ft. lots, with the new houses fronting SE 65th. Each of the two-story, 1,650 sq. ft. homes will have alley-way access with either a concrete pad or detached garage for parking.
Current estimates call for starting prices in the low-$300,000’s.
While that may seem like a lot, the homes being developed just two blocks east are selling for $341,000 (the original listing prices was $365,000). That may bode well for property owners in the area, but it could also signal a change for a neighborhood that’s generally been perceived as relatively affordable.
This development also marks a changing landscape along Holgate. In addition to the aforementioned homes being constructed between SE 67th and 68th, the once-vacant lot opposite the Everett property (and across from Laurelwood Park) is slated for a six-unit apartment building and is in the beginning stages of construction.
The timeline for the Everett construction is 6-8 months, with completion 4-6 months beyond that.