The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-04-01
REAL ESTATE.
More Activity in March Than
There Was in February.
Interest Reduced to per Cent-A Report
Relative TO the Johnson Heirs-The
Reprss entativs Sales.

From advance proof-sheets of The Real
| Estate Circular, published by Thomas Ma
| gee, the following extracts are made:
The most important event OF the month
in real estate, and it is quite important just
now, is that the Hibernia Bank has re-
duced the rate of interest TO per cent it.
of course, paying the mortgage tax. The
bank advanced the rate from to per cent
six weeks ago, but the demand for money
Mt that rate was so slow as not to justify
the maintenance of money at that rate.
The difference between and per cent is
the difference just now between activity
and dizziness in real estate and also in
building =.
Real estate did better in March than in
February. and there are now signs that,
when the weather settles, it viii again be-
come active. The total number of sales:re-
corded in February was 354, Of the value of
2,079, $50. In March COS. sales were made,
OF the aggregate value or $2I76. 562. There
is more demand for business properties at
$4,000 10 So, 600 than for: vFiivr "IedI
estate and there Is very little. of such
property for sale. Small lots between Noe
street and the San: Bruno road are: also, in
strong demand after a long: repose since
1869. The assurance that:the Missdn-stre
cable line is at once to be built as Tar cut as
Thirtieth street has had a good effect on
lots in the wide district. named There Is
! more inquiry than ever before for:large lots
for factories and storage ON the N Orth. Beach
water front. We elsewhere refer TO the
large sale of the lots westGf Cemetery
avenue. 81
We hear from reliable authority that Mrs,
johnson. one of the heirs Of the johnson
eS tate, intends to bid 10 per cent advance
on some S250,C00 worth OF the property sou
at the auction sale. This IS directly con-
traIy TO the promise made by the aHetioheer
| Just before the property was sold. lie
promised that the heirs at least would not
| overbid bdyers at the sale.
REPRESENTATIVE SALES.
| The property on the southwest corner OF
! Battery and Vallejo has been sold for S5O,-
-O0O; size, 103 feet ON Battery By. l37 70 on
! Vallejo. back to rear alley. There Is small
| |. out IN rear of land on the south.
Tie property ON the southeast corner OF
| Fell and Laguna, p Is on Fell by 120 on La
| guna, back to Hickory avenue IN rear, has
| been sold Tor 0,o5O.
The property on the southeast corner of
| Laguna and Vallejo. 50X100 feet in size,
has been sold for S6So5; not yet recorded.
/ The property on the south side of Page
| street. 1872 Is east of Laguna, 25x120, to rear
| street, has been sold for $4,000; not yet re-
! corded.
The property on the north side of Hayes,
| TO feet west of Franklin, 25X120 feet in size
to rear street, has been sold Tor ST., 800; not
|
The property south side of Greenwich
street, 1lS ieet east of Baker. 24x1z0 to rear
street, has been sold for $500; not yet of
| record.
The property southwest corner Buchanan
ana tLbert Streets 50Xl10 in size, has been
sold for $1,000; not yet of record.
y ne property south line of Bay street,
42fs leeL west OIL Mason, 81 :Sx60 in size, has
been been SOLD Ior $500; not yet OF record.
| Inc property southeast corner Polk and
| Vallejo streets, 81 e on Polk street by 100 on
Vallejo, has been sold for $500; not vet of
| record.
The property north side of Pacific avenue,
| 80 feet west If Baker street. 9Sxl32 a i'm size
mas been sold for 81, $50; not yet Of record
ING property northwest corner Powell
anu John streets, between jackson and Pa
enc, mas aIo been sold for 1890; price put in
The tifty-vara lot northeast corner O'Far-
rel ana tough streets is reported sold for
The block, in sand, bounded by Octayia.
Laggna, Chestnut and Francisco streets
| square. '''
The haltblock on south side of Lombard
street from Broderlck to Baker, has been
T sold for $4,000
sou. nOo. az faaE front. has beeE sold n,
An Il GS "a - - ioF of the lot are 1SJteet deep,
-ssseyy Yorl Il it are l37 IS ieet indepth.
" Rrices.-A property On Broad
| way Luz, ING through TO rear street, mas
been SOLD for 500 per square foot. This is
$1,000 front foot for 25x1O0. The piOfe,I.;;
auJ0lns the Standard Oh Company's build
ing near Bowling Green.
| COrrectun.-1he church lot northeast
corner Valencia and Fifteenth streets, 120x
lC0 IN size, lately sold, did not bring So. oUO
bat Si5, zoo.
deed to the property east side Davis,
81 IS feet south of Washington. south 45% X
l57 Il, was recorded last month. The sale
was made in June, 1888, at $4,000
The property on north line Of O'Farfell,
10 west Of Laguna, 55x94:6 in size, has been
sold for $3.50; not yet of record.
The lot on the north side of Pacific ave-
nue., 100 west of Fillmore street, 40x127 IS in
size, has been sold for $500 front fost.
Tire Pacific Telephone and Telegraph
Company has bought the lot on the north
west corner of Pine and Steiner streets,
north 62:6x103:2, for $3.50. The company
viii erect a building and have az office on
the lot.
The lot and old frames on the northw est
side of Mission street, 40 :1012 feet south
west of Beale, 4510hX137 IS IN size, has
been sold Tor $4,000; rents, $50 a month.
The property on the west side of Leayen-
| worth street, 25:2 north OF jackson, n0rth
| S6X74. with the property on the north side
of Jackson street, 9S:6 west OF Leaven-
worth, 80 4 feet front by 81, and extra lot
in rear of about 26x76, have been sold as
whole for $1,000.
The property northwest corner Pacific
| and Davis, 81 g on Pacific by 100 on Davis,
has been sold for $4,000; price put in
deed. $40.
The combined Union and Pacific clubs
viii probably buy the corner portion of the
| Irinity-church property, northeast corner
| Post and Powell. The club cannot use the
| property itself, for 1t took a lease of its
| present quarters on the same block Tor ten
years from March, 1887. at $3.50 month.
1t has a rlvilese OF ten years more at the
| same rent.
The property north side Pacific, 6S % west
OF Steiner, 6S:9x27:S, has been sold for
The property west side Drumm, CT IS north
OF California, 30x10 in size, has been sold
| Tor $4,000; price put in deed, $40.
The property on tie west side Of Potrero
avenue, 50 south OF Twenty-third street.
400 feet front by 100 feet in depth, has been
sold for $4,000; price put in deed, $40
| IAe property ON the north side OF Vallejo
| street, 6o y west OF Laguna, 60 :3x137 IS in
SIZE, has been sold for $4,000; price put in
The property on the northeast corner of
| battery and Commercial streets north 90 OK
&C. has been sold for $4,000; price put in
deed, $40.
| CORRECTION VALLEJo-sTREETs SALE
We last month quoted the sale of a lot,
| 50zl37 e, on the north line of Vallejo street,
between Octavia and Laguna. in which
| typographical error placed the price at
| S6IJ9 instead of $3.50.
The lot on the northeast corner Of Broad
way and Laguna street. east 50x137 Is, has
been sold for $4,000.
HOW THE CITY Is GROWING.
| An old resident, whose business requires
| him to know almost everybody, remarked
! IN our hearing lately that If he stood or
Montgomery or Market stree. five years ago
he knew three out of FIVE people who
! passed him. Now, he says, if he stands on
| either street and notes the passers-by, he
! does not know more than one person in
TOUR, so much has the city grown, and there
has been such large influx of strangers.
PARKS OF GREAT CITIES.
New York has population estimated at
100000, and it has now about 5000 acres OF
para lands, large and small. TINS gives II a
| population Of about $50 to the acre London
has about 1900 acres of park land, with an es-
| tmaled p0nulation OF 4 800 600. an ayerana Of