Photo courtesy of LoopNet
This house continues to fascinate me, given its highly changeable occupancy and ownership. Back in January, I noted that the house was up for sale for $1.35 million. In the same time frame, one of the recent occupants, campus Christian group Chesterton House, launched a $1,000,000 capital campaign to buy two Greek houses for use as men and women’s housing (the women’s housing is called Sophia House).
Looks like that capital campaign was successful – according to the finalized property sales just published, the LLC that owns 115 The Knoll sold the property to Chesterton House’s LLC on May 22nd for $1.15 million. In other words, Chesterton House now owns the house, and intends to operate it as their men’s residence. The operator of the selling LLC made a killing on the sale; while it’s down from the $1.35 million originally requested, it’s still a heck of a lot more than the $700,000 it sold for in January 2010. Looks like the rough ownership is Delta Phi Epsilon sorority pre-2010, O’Connor Apts. 2010-2014, and now Chesterton House.
This will probably wrap up my writing on this property for a while, but I doubt it will be the last I write about Chesterton House: they’re still looking for another “Greek-style” house to purchase and become the permanent home of the women’s Christian center.
Ithacating in Cornell Heights 