Iron County register., 1888-11-22
FoR SALE.

President C1eyri2Hd'S Suburban Vltias - =
View. to be Placed On the Market. and
| Will Net = Handsome Profit ON the 1a-
| vesfment--Sccretary Whitnsy's Prodts
on Gra~sIands.
WASHINGTON. Nov. 16. - Real estate
agents are just now greatly agitated ovar
the report that the President Is about to
offer his country villa. Oak View, and all
the land attached to it. for sale. Within
the past few days at least score OF them
have attempted to interview tho Presi-
dent on this point. and several OF them
have succeeded in getting an expression
of his views. They can be purchased at q
good round frure. Nearly every agent
in town has notified the President that
should he wish to sell, he has but to say
so, and desirable purchaser will at once
| be found. They all realize the advantages
in the way Of advertisement to be se-
cured by placing the Presidents proper
ty upon their books. Though nothing has
vet been done, it can be stated that
Oak View will be sold before next
spring, and at a handsome profit on the
original Investment. Several gentlemen
OF means are just now paying attention
to the property. and one of them will no
doubt secure it when the President va
Gates, as he will do shortly after the in
auguration of General Harrison. The re-
of the Vanderbilts is now engaged in
looking over Washington real estate with
view either of purchasing house or q
building site upon which to erect q resi-
dence. Runor has it that this agent
has made a trip to Oak View with the idea
of buying it for his clients, but the story
receives little credence. for the reason
that the Vanderbilts, if they really want
a Washington house, are believed to de-
sire distinctively winter residence, and
not a suburban villa.
A good deal of curiosity has been ex-
pressed as to the value which the Presi-
dent sets upon his place. He has inti-
mated that it will take at least $150, 900 to
buy it, and there is no doubt that it is
worth every cent of that amount. This
sum, however, represents 200 per cent.
profit on the origin Investment The
President paid $2l so for Oak View when
it was hardly more than an inclosure OF
unimproved suburban land. Hs is said
to have spent nearly $50, 900 in this work,
and the property must, therefore, repre-
sent an outlay of at least $50, 600. Since
he purchased the estate, land northwest
of the city has advanced in price with
great rapidity, in some quarters doubling
in value in a single year. A piece Of
property embracing nineteen acres. adj
joining the Presidents place. but not SO
eligibly located, was purchased two years
since by Gardner Hubbard for $25, 900. He
has since refused $10), ),00j for it Lsnd all
about Oak View is valued at from twenty
to thirty cents square foot, and the Presi.
DENTS place, fronting on the four roads
that will be boulevards in the future, is
particularly we'll suited tor subdividing
into building lots. I. embraces thirty
acres, which, at thirty cents per square
foot, would amount to nearly $400. 600.
Secretary Whitney purchased his hand
some place, Grasslands, three years ago,
for $50, 600. 1t embraces a hundred acres
A year ago he sold to a Washington syn
dicate twenty acres for $37, 500, and short
ly afterward he dispos ed Of the remain-
der, including all the improvements, for
SIS. 900, TO Colonel r. Hannewell, cot
ton planter of South Carolina thus
clearing SS2, 600 on the transac hon. He
now leases the property at rental of
S. 900 per annum, but will vacate it in the
spring.