Andover Newton to Sell $40 Million Property

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Real Estate Sales Representative with Castles Unlimited®

Leaders of the Newton Centre based graduate school, Andover Newton Theological School, announced Thursday that the school will cease to exist in its current form. They plan to merge with another school or significantly downsize program offerings. This historic school was the first seminary in American and the nation's oldest graduate school of any kind. In 2015, it was on the list of Seminaries That Change the World for the second consecutive year. 

The Andover Newton Theological School says that due to declining enrollment and inflated student debt the current operation is not "financially sustainable". They plan to sell its 22 acres of land in the near future. 

However, they are in the early stages of discussing an affiliation with Yale Divinity School. They may also remain independent and “offer fewer programs to fewer students” reported the school’s president.

“Today Andover Newton must move in a bold new direction to ensure our work and mission continue to thrive. In part this is necessitated by seismic changes that are taking place in the church and by extension in theological education."


Yale Divinity School 

Enrollment is at 225 students – half of what it was 15 years ago. The school also worries that rising student debt will prevent its graduates from entering the ministry. The plan is to offer at least two years of academic programs to allow current students to complete their degrees. If the school does not affiliate itself with another institution, the seminary plans to narrow its focus to offer a master of divinity degree by partnering with local churches.

However, the talks with Yale Divinity are ongoing. “Yale Divinity School has benefited in the past from partnerships with other vital schools and we see potential for this possible partnership to benefit both institution and the communities we serve,” commented dean of Yale Divinity School.

Andover Newton itself is the product of a merger between the Andover Theological Seminary – founded in 1807 – and the Newton Theological Institution – founded in 1825. In selling the school’s land – which may happen before the completion of current students – Andover Newton is looking for a buyer who would be “an appropriate neighbor to the folks of Newton.”

The school’s properties are assessed at more than $40 million.

Check out some pictures of the gorgeous property below: 


Dabny Hall


Wilson Chapel


Colby Hall

 

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Rainmaker
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David Alan Baker Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
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Sad to see that enrollment has been going down so steadiliy.  Beautiful photos and campus.  What a shame.

Nov 13, 2015 12:46 AM #1
Rainmaker
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Winston Heverly
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Loved your blog, hope this becomes an eventful & successful end of the week with your new listing opportunity.

Nov 20, 2015 12:28 PM #2
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James Lowenstern

Castles Unlimited. Newton MA Real Estate
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