St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-26
TOLD IN DETAILS.
Facts and Figures Showing the
Marvellous DeYelOnment

In looking over an old listing book of
Marsh q Bartlett's few days ago, the
following interesting revelations were
brought to light, and that was no farther
back than 1879, while most of the list
ings were in 1SS0-S1 and 'S2:
Lot 66X100 feet. on Second avenue
south, in the rear of the Big Boston
clothing store, and occupied by that in
StitutiOn as their boys department, was
listed in 1881 at 500 per foot. and now
Mr.. Morse, the owner, wouldn't take
1900 foot, or only profit of S73, 900 in
siXyearS.
In the fall of 81 the old frame
house and lot at the corner of Third
avenue south and Eighth street was
offered for $500, since which time the
owner could take $4,000 for the ground
without the buildings.
Only seven years ago tract of five
acres, just south of the motor line sta
ton. on NicOllet avenue, known as l..
HI. Coles addition, was offered for 81 500
and would be exchanged for farm in
Redwood county. At present $4,000
an acre is considered low estimate for
it, which represents profit of only S4S,-
600, or $500 per cent in seven years.
Harlow Gale in 1880 owned l57 feet On
Second avenue south by 1872 feet on Fifth
street, occupied by a building which
cost $4,000 to erect, and he offered the
entire property for $4,000, with no buy
erS. 1t is now thought cheap at 81 900 a
front foot, or $4,000.
In the same year two and half lots.
representing square of 165 feet. on the
corner of Fifth street and Fourth ave-
nue. south, with three good houses, went
begging at $4,000, while now it would
be great snap at $4,000.
On Western avenue, 120 feet running
back 112 feet on First avenue north.
containing a two-stOry wooden house,
was offered in 1880 at 81, 500, which is
now considered cheap at $500 foot on
First avenue, or consideration of
S22. 400.
The corner of Nicollet avenue and
Fifteenth street, occupied by E. A. Mer-
rill, was anxious to be sold in 1880 for
$3.50, but the sum of So, 900 is now re-
fused for the same.
The residence and lot at Eleventh and
Hennepin avenue, owned by O. NJ. Lar
raway, 99X157 feet, could have been
bought seven years ago for the modest
sum of S12, 900, but now the figures of
$4,000 are not tempting.
The two lots, and 6, in block 6, j. S.
JOuliSOH > duuIllOll, at the corner OF
Oak Grove street and Vine place, were
on the market in 1880 at $500, while
now the sum of S25, 900 would be very
conservative valuation.
In the summer of 1879 the owner of
lots z, s and 9, block 81, corner of Haw-
thOrne and Sixteenth street, making an
area of 150X150 feet, was looking for a
sucker with $1,000, but the same area
could now find any number of suckers
who would pay S25, 900 for it.
Every one thought that the old Eustis
property Oh Sixth street, between Nicol-
let and Hennepin avenues, with front
age of G6X165 feet, was high at $4,000 in
'Sl, but they all acknowledge it cheap
at present at $4,000.
Only in 1888 the place 1O11, of 5Ox15O on
First avenue north, with a siX-room
house, failed to find buyer at 50, 400,
when the present owner could pocket
$4,000 any day for it.
Take the lot, 5211Gx12O feet, on Mic
Ollet avenue, between Ninth and Tenth
streets, with nice, new brick house
with all modern cOnveniences, and
$4,000 would have bought it four years
ago, while it is snap now at $50. 900, or
$1,000 per front foot on Nicollet avenue.
Everybody knows where Donaldson is
building his new block, at the corner of