The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-03-11
SIGNS OF A BUSY SEASON.
Many Demands for Real Estate, with an IN
usual Activity Among Builders.

The real estate market presented no new feat
ures during the last week. About the usual
number of deeds were recorded. and valuations
remain practically unchanged. The demand for
improved downtown property seems to be In
creasing. and more than the usual number OF
pieces of such property changed hands during
the week. Those who want TO buy
still outnumber the sellers, and for
that the market IS not
as active as it otherwise would be. Agents
report that there is any amount OF desirable
downtown property for sale, but owners are
slow about letting it go for fear that there will
be an advance in prices. II am embarrassed
every day by principals refusing to take what
they have been asking" said one dealer, yester-
day. when they set price on q piece of
property and some man comes along the next
day and agrees to take it at their figures. they
at once conclude that they are not asking
enough, and consequently sale is not made"
Three-fou Of the deeds recorded continue
! to represent unimproved property in the
suburbs, and IL only oneh half of the lots being
purchased improved during the year Indian
apolis will spread out over much more terri
tory than it now covers. In Haughville 100
: lots have been sold during the last month and
! the sale in other suburban additions has been
almost equally as large The great majority of.
the purchasers are laboring men with moderate
means nave saved
and they nearly all paying the cash The
purchases therefore not for speculation. but
almost every lot bought means improvement
and an addition to the city.
There were very few transactions of note dur
ing the week. In view of the unprecedented de-
mand for lots, several tracts of land adjoining
the city were purchased by men who will subdi-
vide them and put the lots the market imme-
diateiy. Charlotte NJ. Scheideer bought of Jno.
w Elstun SIX acres on the National road near
Motnt jackson. for which she paid So 000 and
Daniel w. Herrin purchased eighty seven
acres out on the Lake Erie & West
ern railroad of Joseph IL Kitterman.
for which he paid $1,000. There werd two city
transfers of Importance; Charles T.. Dark sold
his residence on North Meridian street TO Ar
thur Jordan for IS. 900, and Geo. N. Powell has
transferred his residence property. on Broad
way. Rear Home avenue, TO Johanna Emmerick
for IS, 900. The total number of deeds recorded
during the week WAS eighty-nine representing
property valued at $134, 653 81.
The open weather of the last week caused an
activity building thAtis unprecedented for
this season of the year. Contractors are al
ready burdened with work, and are beginning
to look about them for additional help. The in
dications that this activity is only fore
runner of what is to follow later. and all the in
locations are that more buildings will be erected
in the city and suburbs during the coming sum-
mer than during the five years past combined.
While the majority Of the permits are for resi-
dences on the unlmproved property on the new
streets in the latest additions, already prepare
tiOns are being made for the erection of half
dozen splendid business blocks located IN differ
on the new blocks to be erected by Mr.. Stout on
the site of his business house on South Meridian
street. recently destroyed by FIRE; Parrot s.
TagRArts new bakery. the corner of Georgia
and Pennsylvania streets. and on Mansurs
block on the northeast corner of Washington and
Alabama streets. Arrangements have been
completed by which all the burned district on
South Meridian street Ia to be rebuilt during the
early spring
During the week thirty-seven permits were
issued, calling for an outlay of nearly 100000
Among the more important permits granAd
were the following:
j. L. Bradley two-story frame dwelling at No. 1876
North Tennessee stfeer So 600; Parrott g. Taggart,
two-story brick business block of Georgia
and Pennsylvania streets. $50, O0O George Knodle,
frame dwelling Central avenue, near Seventh
street So 800; H. q. Prange, residence Bellefon-
tame street near Cherry So 600; VIM. Keger, frame
bottage East Ohio street. Hanna. 81 200; +.
and T. Stout, brick business block Meridian street.
near Georgia, SIS, 900; j. A. Robinson frame
residence California street, Washing
ton 81 500; M Fatout. two double brick houses
New Jersey street. Georgia. 600 each; Mrs.
j. W. Scanlon frame COTTAGE Bellefountain street.
near Eighth 81 400; A j. Gates, frame room
at No. 81 Walnut street. 81 600; Lewis Siersdorf |
two story brick block. Virginia avenue, near |
South street, SO, 500; Charles Bowmie frame cot
tage Missouri street, McGinnis, 81 600; |
Charles H. Schneider frame cottage, on Fletcher
avenue. Spruce street, 81 500; Anna Raffens
perger, frame cottage, Fletcher avenue,
Spruce street, 81. 6OO Barney Ungever, four frame
cottages Vinton street, Cherry, $40O each.