The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1869-03-03

WEDNESDAY MORNING. MARCH 8. 1856.
g.w 0rIfans Zeal estate @arket
CRESCENT OFrIoE, "a Camp Street, I
New Orleans, March 3, 1869.

CKxscExr oFrrez, a Camp Street. /
New Orleans, March 3. lsss. J
Although not the day upon which important
transactions in Real Estate generally take
place, the sales ut the st. Charles Auction
Exchange yesterday were well attended
and the results obtained highly satisfao-
tory. AS will be seen upon referring to
the subjoined report, the prices brought By pro
perties distinctly indicate the upward tendency OF
the market, especially for those in good localities.
One property particularly showed Enthusiastically
how Real Estate has advanced during the past
two years. II was that on the corner of Front
and Custombouse straets, which was sold yester
day by Mr.. DeFeriet, for SO 900. This property.
weare credbly informed, sold in 1866 for between
$4,000 and $4,000 in city money, a part on long
time.
Bnt as great an advance as this exhibits In city
properties, We have heard of others which have
been experienced In estates on the coast which
show stillgreater ratio. A gentleman Of relia.
bity informed US yesterday that he bought q
sugar plantation in the winter Of 1867, for which
he paid $40 600 cash and gave notes at one, two
and three years for $50 600 more. Last week he
was offered $l75 600 half cash. but refused it, and
is now receiving propositions for $500 600. This
is not the only case which we have heard Of but as
the others were not SO well authenticated, we for
bear mentioning them.
The moral of all this should be clear to capital.
lists. City properties and well located county
estates are exceedingly profitable just now-eVen
at these advanced prices. The house on Front
street menLOned above, Q0uOteS8 rents Tor sum.
Client TO pay net interest Of ten per cent. on
$4,000; while the sugar plantation paid its pres
ent pOssessor clear Is per cent. the hrst year
and near 20 per cent. last season. And the little
$1,000 and 5000 properties which were also sold
yesterday, let rs calculate what they will pay
their purchasers. 1t must be a very poor house
indeed which will not bring a yearly rental of at
least $3.50, and say that per cent. will pay taxes
and wear and tear-for nobody ever ilsures such
tenemonts-and there still remains handsome in
n mamie ia
that $500 per annnm would be nearer the mark
for the revenue. The difference is easily cslcu-
lated.
The following are the sales by Mr.. De Ferret,
mentioned above:
A one.stOry house on Love street, between St.
Andrew and Bsgatelle. for $780, Terms, one.
half cash and balance 10 one year.
A one-store house-briek between posts-on ST.
Philip street, between St. Claude and IRENE, for
s4eSo. f-rms, one-haif vazh aud Dzanoo in
year.
one-story frame house on Euterpe street,
between Baronne and Csrondelet, fronting "a feet
by l27 in depth, for $2l25.
one-stOry frame house on Melpomene street,
between BarODne and Carondelet, 81 feet front By
l27 feet 10 depth, for $2025.
A well improved property, No. S. st. Anthony
street, with three buildings upon it, for $3.50.
A large One-story brick house on Washington
Square, fronting 90 feet on Greatnen street by
$50 feet deep, for s6025.
A frame house adjoining the above, with out
houses, fronting AZ feet on Greatmen street by 63
feet deep, for $500.
A wooden house on the corner OF Cssscalvo and
Spain streets, 80 feet on CasacalVo and so feet on
Spain street. for $500.
Three old frame houses on Moreau, (now Char
tres) 81 feet front by l27 feet depth, for sl825.
A house, brick between posts, on same street,
No. 6ll, 80 feet front by 100 feet depth, for
$l625.
A lot on corner of St. Ferdinand and Morales
streets, 50 by 100 feet, for $460.
A lot of ground in Algeirs-iu faubOurQ Dl.
verge-upon which ia q Onestory frame house,
on Seguin street, 81 feet front by les feet, for
$3.50. Terms for all last named-0ne-t cash,
and balance at IL and Is months.
story brick store at the corner of Front
and Customhouse streets for $4,000. Terms
0nethird cash and balance in one year.
SALES OF REAL ESTATE TO-DAY.
BY J. DEJAE, JR., four unimproved lots of
ground in the square bounded by Broad, Dorgenois,
Cont and Csrondelet Walk. Terms cash.