ROCHELLE SCHOOL APARTMENTS SOLD FOR $300,000 PLUS!

According to the Pittsburgh Post Gazette, the Rochelle School building at Rochelle Street and Knox Avenue, was sold recently to something called the 107 Rochelle Corp. for...a little over $300,000. Imagine that! One wonders what the 107 Rochelle Corp. has in mind for this building. The school building was bought from the city for something like $50,000. Who says there is no money in Knoxville real estate?

HOME SALES IN KNOXVILLE, MT. OLIVER AND CARRICK IN 2008 AND 2009*

KNOXVILLE
---------------------2008---------------2009
SALES------------81------------58
MEDIAN PRICE-- $15,000---$ 9,900
HIGHEST PRICE-- $81,000---$77,000
MT. OLIVER
------------------2008------------2009
SALES------------72-----------58
MEDIAN PRICE-- $23,000----$16,201
HIGHEST PRICE--$95,000----$79,500
CARRICK
--------------------2008---------------2009
SALES-----------171-----------121
MEDIAN PRICE-- $45,000----$49,000
HIGHEST PRICE--$159,000----$133,000

*Source: Pittsburgh Post Gazette, Jan. 24, 2009

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