The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-02-18
REAL ESTATE.
Richmond Values Enhanced by
Improvements.
Extending the Geary-street Line = Tourists
Interested in Country Real Estate.
Auctions Silver Heights


years ago was considered outside land, is
rapidly encroaching on Richmond, and own
erS OF properly in that district are sanguine
OF a large increase in values in the near
future. This is only reasonable, after all,
lor the natural outlet of the city's best resi-
dehce portion is through Richmond. I'M
proVements are solid out to the western
terminl oil the cable lines, and it would
seem that an extension of the various roads
running along California, jackson. Suffer,
ueary ana MeAllistcr streets would carry
quite us compact blocks of handsome homes
westward toward the ocean. The time can
not oe lar distant when the name of Rich
hioha VIII De forgotten, and subs titnted by
the more general apDellation of western
Addition
III view OF such prospects property in
hichmond has enhanced materially in value,
ana III Is as good as gold, with ready mar
Ket' AT average existing prices it offers
chahce Ior safe and profitable investment.
but there are owners there as well as else
WheIe whose lmaginatons carry them too
lar 10 estimating values, with a result de-
pressing TO some extent upon the market.
1hey VIII not accept the good prices set
upon Their real estate by experienced
agents, and consequently difficulty is oc-
caslonally encountered in bringing buver
ana seller together in transactions. In the
language of prominent broker, prospects
are one thing in the estimation of values,
present worth to the buyer another Calcu-
la!ions are too often made by owners on
prospective values, which are, in turn, mis-
taken Tor present ones" This rule, how
ever, can nave general application.
TWO NEW RAILROADS.
FROM a reliable source 1t was learned yes
terIay mat the Geary-street cable line will
be hnished TO the park, by way of Point
LoooS ana Filth avenues, before the end of
TINS year. Point Lobos avenue is graded to
Official levels as far out as Fifth avenue,
ana the street work OF sewerng, macadam-
Hlng and grading contracted for along Fifth
avenue to the park. Already considerable
quantities OF the ironwork for the cable
roau Is made, and the construction of the
line VIII begin toward the end of March.
ActlVe operations on the proposed San
FRANCISCO and San Mateo Electric Street
Railroad are delayed at present pending
action by the State Senate on the Electric
BIZ before the House. The projectors ar e
anxious about the fate of the bill, as so
much as sixteen miles of iron track COM
plete Is ready for delivery, and already
the expense OF preliminary WORK on such
a large undertaking Is said to be very heavy.
IL was aseertained yes erday that the sale
OF the old Pacific Stock Exchange on Mont
geometry street was almost closed TO George
Whlttell for 1882. 600, but at the last moment
the title was found to be defective, and
accordingly a sale could not be effected.
A company of 100 Eastern tourists are at
the downtown hotels. Some of the party
are inguiring about country lands in this
State.
COMING EVENTS.
The coming event in real estate circles in
this city is the auction sale next Wednesday
ut noon at the rooms of the San Francisco
De-.
235 select building lots On Clarendon Heights,
fronting on Stanyan street, Twentieth street,
Clarendon avenue, Mountain Spring avenue,
st. Germsln avenue and Lincoln avenue,
viii be offered for sale. Generally speaking,
real estate men expect that this auction
Will be big success as the lots IN question
are on the border of improved ground and
have charming location. This enterprise
is managed by o. d. Baldwin. JJoSt &
Mertens.
A very fine line of property will be offered
at auction by EaSton, Eidridge IL Co. at
their salesroOms next Tuesday The cata-
lucue, as issued yesterday, includes the fol-
lowing attractive property: Golden Gate
Park residence lots, north line II Fell street,
west from Lyon; southeast corner Hayes aud
Lott streets. Pacific Heights residence and
residence lots, $40 Central avenue, south OF
Jackson street. southeast corner Jackson
street ard Central avenue, three lots. Van
Ness avenue improved property, 81 (west
street. Western Addition Investment, build
ing and lot, southwest corner Geary and
Steiner streets. Mob Hin residence lots,
south side Sacramento street, west of
Cough. two lots. Ashbury Heights resi-
dence corner lot, southwest corner Waller
and De Long or Lucy streets; also, west line
DE Long or Lucy street, south of Waller.
Tehama street Gmproyed), between Third
and Fourth, southeast line Tehana street,
northeast from Fourth. Castro-street
HID r. I. Ipf 81 i,A. 81,
street, west from Diamond Speculation,
south side of z street, west of Eighteenth
avenue, three lots.
Dowsing & Jewell. 924S Montgomery
street. have subdiyided 300 lots near the
Mission road, at the terminus of the pro-
posed Mission-street cable lne They have
called the tract "SIlver Heights" ana
already It seems to be turning To SILVER, or,
rather, gold. Almost before neg laiions
for the land were completed tweaty odd
lots had been sold. Situated o. Silver
avenue, with delightful panoramic view
and climate, It Is one OF the b tracts
offered for sale On easy terms. For tie con-
Vehlence OF intending purchasers carriages
are run from the terminus of the Valencia
street cars TO Silver Heights.
The sale of the Hopkins property, as fol-
lows, was closed yesterday by Benjamin F.
Gum u Co.: Lot and improvements on the
north SIDE of Ellis street. 157 IS west from
Stockton, west y0x131 10, with four-story and
basement brick and iron building, renting
for Sl145 per month. for S225, 900.
Burnham IL Marsh have sold the lot 2Sx6O,
with store and Hat, 936 McAllister street,
near Buchanan, for $3.50.
BUILDERS CONTRACTS.
Thomas Magee TO Alexander C. Camp
bell, to build on southwest corner Of MIS-
sion Block 81, 70x100. So, $50.
J. A. Bergerot, with John Mccarthy,
brickwOrk on the north line OF Eddy >tfrrt,
l3l IS west of Taylor. west 50x137 10, $4,000,
bonds $4,000, r. Mccain and j. r.. NJ.