The morning call., 1890-08-21
REAL ESTATE.
Subdivision of Estate Property in
the Mission.
OFarrell and Lang Announce the Sale at Auc.
ton Of the Varney Estate PrOpsrty-Latsst
Reported sales-Contrsets

1t is seldom that the realty of an estate
Is cut up for sale purposes, but in the case
Of the Thomas Varney estate property, sit
uated on what is believed to be the most
desirable business stand in the Mission, an
exception has been made by order OF the
Superior Court. The court was no DOUBT
actuated by the great value Of this prop
erty, which, if sold en- bloc, rs is usually
the rule in such cases, would not realize It's
real value TO the estate.
The property has therefore, been sub
divided into twenty-seven business lots
fronting on Valencia, Sixteenth and FIT
teenth streets and Julian avenue, which
will be more clearly understood by refer
ence to the plan submitted in another
column. 1t is admitted by disinterested
parties, whose knowledge OF business
stands in the Mission would not be doubted
that this is an exceptional Offering which
will be looked into by the faT-sighted in
weston Valencia street is considered as
the extension Of Market street, from bust
ness standpoint, while the corner of the
former and Sixteenth street occupies a po-
sition in the Mission similar to Fourth and
Market streets.
The agents for the sale of the property
have received substantial proposals for the
rental of some of these lots, when improved,
Tor term OF years, which would yield
handsome rate of interest on the real value
Of the Investment. A proposition Of this
nature could not, however, be entertained,
but it serves as an Illustration of the worth
of the property as business stand.
a principal feature of the offering is that
il Will be sold to the highest bidder.
LATEST REPORTED SALES.
The southwest corner of street and Six
teeuth avenue, 27;6x100 $500.
On the west side of Seventh avenue, near
i tsVO lptS 5GNIN0 C1 aaah
In Block 10G0, south of the Park, three in
side lots and a corner, Sl25 each for the
former, and $500 for the latter.
a large deposit was made yesterday after
noon on sale of considerable magnitude,
which will, in all likelihood, be closed to-
day.
Concerning the transfer of the Ellis-street
gore lot from Mrs. Mary Searies TO James
l. Flood, the purchase price amounted to
$780, C0 at least.
NOTES.
G. H. Umbsen & Co. will put under the
hammer, on or about the Sd proX., by order
Oh the Hl0ernla Bank, fifteen choice build
Ing lots located on Folsom street and Treat
avenue, near Eighteenth street; also lot on
Duncan street near Sanchez; Minna-street
property, near Fourteenth; lot on Seventh
avenue, near Point LObOs lot in South San
Francisco. corner Of Tenth avenue and K
street; twentieth fats. near Guer-
zero; improved property on Mission street,
near Twenty-ffth; six building lots on
Twentieth street, near Valencia; lot on
Cook street, near Geary; also lot on Steiner
street, near McAllister, and corner Fourth
and Clementina streets business property
Small buyers have now an opportunity of
buying single lots in the celebrated Lake
view tract at wholesale prices.
BuIlders' Contracts.
NJ. J. r. Mohr with White Brothers, TO build on "
line Of Page St, 1878 W. OF Cole, w. 30xI37:6;
1895.
Hettie Il. Morse with D. S. Pierce brickwork. on
$500.
J. L. Franslin with John Miron, to build s line
OF California St, 54:4l2 W. OF Steiner W. 81 x
1ST .; $3.50.
Mrs. a. NJ. PARROT with Reese Leweliyn, iron
work, IS on L line OF Sansone 81. by 50 on y. line
OF Suffer- $500.