The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-09-28
REAL ESTATE
MARKET.
The Market in a Healthy C0ndi.
ton and Prices Firm.
Lists Augmented to Meet the Demand-What
Many Of the Brokers Are Offering.
Latest Reported sales-Items.


When business is dull the offerings usually
diminish in sympathy with the market, but,
Judging from the full lines which have been
presented to investors and others during the
past few days, and taking into consideration
the number of sales closed recently, there is
every prospect of brisk market from now
on.
No great activity or excitement are to be
noted, but the chief characteristics of the
market are steady growth in the volume
of business and fair inquiry for property
Realty is pre-eminently the best security
which can be found in this city, and it is
scarcely possible to err in making invest
mentS even at the stiff prices which prevail,
and which to many intending purchasers
would appear to be beyond the reasonable
market value.
There is no abatement in building opera
tions, and the very latest announcement in
his respect is that prominent Montgom-
ery-street real estate firm Is about closing
a contract for the erection of a seven-story
brick and stone building on Market street
which, it is estimated, will cost S55O,C0O.
Money is plentiful and is being loaned at
reasonable rates, viz: 6 to per cent for
first-class security. Call loans are enter
tanned at 412 to 6. and good commercial pa
per is readily discounted at the rate OF Z per
cent per annum.
A few of the larger loans on real estate
security may be referred to:
On property 1877 ;6XS5, north line of Jessie,
east of Fourth, So, 800 one year at 61s per
cent; by San Francisco Savings Union,
$4,000 on the two 50-varas northwest cor
ner Laurel and Washington, and by the
same institution, $4,000 on the lot S1x137 g,
north line Of Bush, 1877 e east of Mason. The
sum of $4,000 was advanced by the Occi-
dental Loan Association for six years at
per cent ON the lot 32x109:6, east side of
Buchanan, GA south of Broadway, and
Sill 900 was borrowed for ten months at
per ,ent on the 50-fOOt lot north line of Fell,
east of Shradtr The Home Investment.
Company advanced $4,000 for six years at
per cent on the lot 65xl22 Is, southeast cor
ner OF Howard and Nineteenth.
Builders contracts, numbering twenty
nine, have been recorded during the past
eight days, aggregating in value S293,00O,
fifteen OF which amounts to S239, 600.
CITY OFFERINGS.
A glance at to-day's real estate advertise
ments will enable all classes of buyers to
select just what they want. There never
has been a more complete list offered.
LATEST REPORTED SALES.
p. A. Dolan & Co. have sold two lots in
block 1895 at $50 each.
The Carnall- Fitzbugh- Hopkins Company
has disposed of the last block in the Lake
view Tract for S12,2
o. ID. Baldwin, JOoSt & MeItens have dis
posed OF property in Clarendon Heights as
follows: Eight lois on Stanyan street, be-
tween Alma avenue and Seventeenth street
for $4,000; corner at $500 and another
corner for $3.50; 3 lots on Seventeenth
street, near Stanyan, for $500; 4 lots on
Alma avenue at $1,000 each; the southeast
corner of Turk street and First avenue for
$500, and several others, not as yet ready
for the public. They report the market
steady, with fair demand for pr operty.
Shalnwald, Buckbee Il Co. yesterday sold
AL Hayman's residence, 1924 California
street, standing on lot 40x132, for $4,000;
also lot 81 :6xS0 on the west line of Folsom
street, 157 feet north of Sixth. with five
story frame building on it, for $4,000. DIR.
Clinton Cushing also purchased through
this firm the Crittenden residence at San
Rafael standing on three and a half acres
of ground for $4,000.
Easton, Eldridge & Co. sold lot, 25x1O0
south line of Haight street, 20 west of De-
yisadero, for $780, and another of similar
size ON the west side of Shotwell, near Four
teentb, for $500.
, The largest sale effected yesterday was
that OF the property OF the New Jerusalem
Society on the north side of O'Farrel, I65
west of Mason, 55x137 Is. The buyer was
John NJ. Sabin and the price paid $50, coo.
L. Puffer has purchased from William
Labodie for $500 the lot, 25x114, ON the
south line of Twenty fifth, west of Dolores.
A. Hayman of the Baldwin TheateT has
| transferred to Harry Mann of the California,
| 40xl32, on the north side of California, 116
east OF Scott. The property is valued at $500
| front foot.
VARIOUS ITEMS.
Charles A. Pope. the well-known real es-
| tate agent, leaves for the East this week as
| the representative of the Sons OF st. George
| 10 the Supreme Lodge, which meets in
| Rochester in October
| O'Farrel & Lang have closed contract
| for the erection of a six-story brick and
| stone building on lot so frontage on Market
street by 80 feet deep. Mrs. NJ. j. Lehman
| is the owner and Mahoney Bros. the con-
tractors. The site is on the south side Of
| Market street, opposite the Murphy Build
ing,
The same firm are about closing a con-
| tract for the building of seven-story brick
| and stone building on Market street, which
| will cost in the neighborhood of $3.50. COO.
| l.. Lander has contracted to build two
| cottages OF seven rooms each and bath on
b Stanyan and Seventeenth streets at cost of
$4,000. ana he mas purchased from III. Levi
the two-story house, 1913 Buchanan street.
| LAKEvIEw.
| The Carnail- Eitzhugh- II opkins Company
| makes an important announcement in the
| other columns to-day to the effect that IL
| will, for few days, offer single lots in this
| desirable tract at wholesale prices. Con-
| tracts have been let for fencing every block
| in the tract and the grading of eight miles of
| StrcetS is nearly Fifteen hundred
| lots were disposed Of in the first thirty days
| after the tract was put upon the market, and
| the remaining lots will be sold at once TO
| close out the deal.
Contracts have been let for number of
| houses, which will no doubt enhance the
value Of the neigh boring lots, and, consider
! ing that the unsOld ones are being offered
| at original prices the investment ought to
be a safe and profitable one
| Block 10, in the same tract, has been SUBJ
| divided into large lots, which are being now
offered by the Capital Avenue Club at ex-
| ceptlonally low prices. This block is beau
| tifully situated, overlooking the ocean,
| and is considered one of the most de-
sirable locations in the entire tract.
Every lot is graded and ready
| for building imposes. The streets are
| lined with trees, making the situation de-
sirable one. 1t has attracted the attention
of buyers, and. although several bids have
been made for lots, the club decided to hold
on TO it until the improvements were COM
| pleted. Doubtless IL will have a ready sale
| on account of its superior position and im-
| proved condition.
The San Francisco Globe. weekly news
| per published by p. A. Dolan & Co., the
real-estate brokers, contains, among other
things, double-c0lumn cuts of the President
| and Chairman of the Executive Committee
| of the Federation of Improvement Clubs,
| with short biographies of their lives; doingS
| of the various Improvement clubs, an arti
| Gle on the British empire, the Van Ness and
| Market-street hotel and several bright arti-
Giles on real estate matters, etc.
| In connection with the sale of portion OF
| Green Brae Ranch, near San Rafael, by
| O'Farreil d Lang, it was omitted to mention
| the name Of James Trumstead, agent for
| David Porter, who was an associate 10 the
| transaction. He reports $50 acres of the
| same ranch yet for sale, $50 having been dis
posed of as previously reported.
BUILDERS CONTRACTS.
Annie E. P. Kerrison with w. A. Van
| dervort to build on north line Vicksburg
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