August 2016

Found 2 blog entries for August 2016.

Downtown Rochester Real EstateA prime piece of real estate in downtown Rochester sold earlier this week, which is raising the eyebrows of many around the local real estate industry. According to reports, the former Michael’s restaurant site at the corner of South Broadway and Center Street was acquired by Harbor Bay Real Estate Advisors of Illinois for $5.5 million—a price that Olmsted County is estimating to be nearly five times that market value for the property, which includes 11, 13, 15, and 17 Broadway Avenue. 

Harbor Bay purchased the property from 15 South Broadway LLC, which is a group that only purchased the property themselves back in January 2015. Initially, 15 South Broadway LLC, which is being called a joint venture between the Chafoulias and Pappas families, was

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Rochester, MN Homes $175,000The city of Rochester, MN is a thriving Minneapolis-St. Paul suburb that’s home to over 100,000 residents. As the acting county seat of beautiful Olmsted County, there’s a lot to love about living in Rochester, starting with its affordability. 

According to recent housing statistics, the median home value throughout the state of Minnesota was listed as $193,500. Over the past year, home prices statewide have increased by over 7%, and some industry pros expect prices to continue to rise over the next 8 to 12 months.  

Here in Rochester, however, the median home cost is actually quite a bit lower than the state’s median home value. And although home values in the Rochester area also continue to rise, the median home cost of $160,500 certainly makes it

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