The morning call., 1890-08-30
REAL ESTATE.
Valuable Property to Be Offered
at Auction, Monday.
Sale Of the varney Estate Subdivision.
Country Property-Latest Reported Sales
Notss-Builders' Contracts.

The coming Monday will be an suspicious
day in the auction-room, and all classes OF
buyers will be afforded an opportunity OF in
vesting in business property which is known
to have an intrinsic value This opinion was
justly announced when the Superior Court
ordered q subdivision of the Varney es-
tate, for sale purposes, instead of follow
ing the usual course of allowing the en-
tire realty of the estate to be offered at
auction in one block The experienced
agents to whom the sale has been intrusted
have adopted every reasonable method to
make known its merits and the position it
occupies as business stand In the Mission.
Business property favorably situated has
been in good demand lately, and it is there
fore safe to predict that there will be sharp
competition for the ownership OF the vari-
Gus lots to be offered.
By virtue of an order of the Superior
Court, O'Farrell & Lang will offer at
auction, in their salesr0om, II Montgomery
street, on Monday next September LIST, at
70 o'clock noon, the following described
property, which is subdivision OF the real
estate belonging to the estate OF Thomas
Varney, situated on the northeast corner OF
Valencia and Sixteenth streets; also on the
westerly line of Valencia street; the west
erly line of Julian avenue; the SOUTH
erly line of Fourteenth street; at point OF
intersection of the northerly line OF Fiji
teenth street with the eaSterly line of
Julian avenue; the northwesterly corner OF
Julian avenue with Fifteenth street and the
southeastery corner of Valencia and FIT
teenth streets. In all twenty-seven lots.
The northeast corner OF Sixteenth ana
Valencia streets, which is one Of the pieces
subdivided, occupies business position In
the Mission similar to Fourth and Market
streets, while the other pieces situated IN
close proximity thereto are equally well
situated.
There are three reasons alleged in sup
port of the great value of the property.
viz: Valencia street is considered from
business standpoint to be the natural eX-
tension of Market street. The extension OF
the city must move southwark from DIX
teenth street. The manufacturing interests
are being located in this neighborhood and
to the south of Sixteenth street.
In addition to the Varney estate property
there will be offered for sale without re.
serve 749 Market street, 800 feet east OF
Fourth, with improvements; size OF lot,
25x100.
Altogether the sale is one OF the mos i'm
portant that has been placed before the pub
lic and that good figures will be realized Is De-
yond the shadow OF doubt
COUNTRY PROPERTY.
The John Brown Colony Company of Ma
dera, Fresno County, has achieved wonderful
results in the matter OF dlSpoSng OF colony
lands. OF the original 5000 acres placed upon
the market 2700 acres have been disposed of.
The sale of so much land on the peculiar basis
adopted by the company involving, as 1t does
its cultivation to fruit, is OF great value to the
State Paul B. Hay, whose office Is at II
Main street, is the general agent In this city.
No better opportunity to secure land at the
cost of cultivation has yet been offered.
John Pforr offers forty acres In the town OF
Pacheco, covered with grape vines all In bear
ing; also one hundred fruit trees.
A. L. Williams, 120 Suffer street, offers i'm
proved property in Central Rochester, n. u,
in exchange or for sale.
A. A. Hoyt 81 Co. have ten, twenty and
forty acre tracts for sale, convenient to town
and railroad.
r. Il. Merchant & Co., lis Kearny street,
make speciality of exchanging all kinds OF
property.
f ". Lake, 6 Flood Building, offers school
lands on easy terms.
Canaan, Lyon & Felt have many lines of
country property, which they are prepared to
sell on easy terms of payment and at reason
able figures.
SALES REPORTED.
Eighty-two lots situated in the Lakeview
tract were sold yesterday by the Carnall- Fitz-
hugh-Hopkins Company, making 1882 sold to
date out OF 1909, the number OF lots In the
tract
Downey & Gambs report among other
sales, the sale of two more of the Hinkel
houses on Sanchez street, near Market, and
they expect to dispose of the others next
week, as there are many inquiries for them.
O'Farrell Il Lang have sold to ID. +. Nc
Graw, for Ii. b. Alvord OF San Jose, the
southeast corner of Clay and Scott streets,
with frontage of 206 feet on Clay and
127 50 on Scott, for S26, $50. The purchaser
will commence Immediately to erect six
elegant two-story residences at the cost of
$4,000.
NOTES.
The building engagements for the past
week number twenty three, of the value of
S111,0G0.
Wright & Sanders have complicated plans
for the remodeling Of the building ON the
northwest corner of Montgomery and SUIT
ter streets, to be occupied by the Clay-street
Savings Bank.
The corner of Scott and O'Farrell streets
is now to become business site. Stores
and flats to cost $4,000 are to be erected.
A. Ii. Breed Il Co., real estate and invest
ment brokers, will remove on Monday next
to 32S Montgomery street. Safe Deposit