The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-13
LOIS AT HIGH PRICES.
The Savannah Real Estate Company
First Big sale.


Yesterdays sale OF lots by the savannah
Real Estate Loan and Building Company
was very successful one. A large number
of lots were sold at good prices. The prices
were nnuoh higher in fact than were ex-
pocta5 nv those unacquainted with the
location Of the lots and the improvements
made in that section.
Nearly 100 lots we're sold az an average
price of about $500 considering tue stale
- the money market the company has
eaason n cougratua ate itself upon the sale.
" ~ rass sid for less than $780, and
cnrner lots brought from $500 10 81 goo.
The sale began about 4 80 o'clock, with
lara crowd in attendance. II was a
mixed crowd Of moneyed men, real estate
ageuts. stockholders Of the company and
home seekers. The sale began at the
southeast corner of the cOmpa1y's
lands at Lovers lane, or Anderson street,
and Waters road. Auctioueer W. r
/ wilkinson stated the terms Of the sale,
/ 500 cash, and the balance in one, two aud
three wears at per cent interest. The
corner lot, SO feet front on Anderson
street by 1873 feet on Waters
road, was first put up. The first bid was
$500, aud it ran rapidly up in the hundreds
price IL was knocked down. The adjoining
lot was knocked Of at 1925.
Lot No. 8 brought 500, and
lots Nos. 4, and 9 were knocked down 10
one man at 300 each. No { brought $4l5
and Nos. and Q $500. These lots are 30
feet front by 1863 deep.
The lot at the corner Of Anderson and
OFT streets sold for $3.50, making s., 040 re-
eeived for the first block, the farthest from
the city.
The buyers then moved up 10 Henry
str he n
Henry was put up by request, and was
knocked down to w. D. Stubs for $4,000.
Mr.. Stubs will build on one end of the
block and Mr.. Wilkinson on the other.
a corner lot on Henry street and Waters
road was sold to n. Aprea for S675. The
next sales were made on Duffy street. The
block on the south side Of Duffy, between
OFT and the Waters road. was sold at prices
varying from $4S0 10 SIPS per lot
The block on the north side OF Duffy was
sold 70 J. s. Collins for S4.500. Mr.. Col
lius has already completed plans for hand
some residence on this block, and he ex-
poets to have it ready for occupancy by
Dec l.
The four small blocks of four lots
each west Of OFT street. between
Waldburg street lane and Henry
street were next sold as follows: To D. s.
Greenbaum, for $1,000 Thos Nuzent,
9
81, 1875. The lot at the northwest corner of
Henry and OFT sold for e925.
The block on the north side OF New Hous4
ton street, between OFT and the Waters
road, was sold to C. V. Snedeker and w.
D. Thomas for s., 125. Both gentlemen will
build shortly.
A number of other lots in various loca-
tons were disposed Of at prices about like
those already mentioned. BY request few
l+zHa
lot at the southeast corner Of Gwinnett and
OFT streets, 40 by ITO feet, was sold TO W.
J. Watson at $1,000. The lot on the
opposite side of OFT street was sold to
F. s. Lathrop for 81. 600 and the next two
adjoining lots at 500 each. This con-
Guided the sale, which lasted about two
hours. Eighty-six lots were sold in all, and
the sum total Of the prices received
amounted to between SAC. 900 and $50, 600
Chr. G.. Dahl, c. c. Ely, E. E. Cheatham,
W. P. MoCauley George Dieter, ]. Paulssn,
]. R. Anderson, w. L. Grayson, A. r.
Bradley, George P. n. Jones. D. s. Green
baum, w. W. Bennett, W. b. Stubbs, J. s.
Collins. Thomas Nugent, P. B. Springer,
A. B. Moore, J. w. Moore, R. NJ. Hull, N.
Aprea, W. D. Thomas, F. S. Lathrop, R.
Il. Jones, Joseph Fried and others.
Among those who have stated their inten-
tons Of building in the near future are J. S.
Collins, W. L. Grayson, A. r. Bradley, K.
H. Jones, g. P. II. Jones, W. W. Bennett,
W. B. Stubs, P. B. Springer, j. W. Moore,
c. V. Snedeker, w. D. Thomas and W. L.
Wilkinson.
The opinion was generally expressed last
night that the sales made splendid show
ing for real estate in the southeastern Sec
ton Of the city, and presage a rapid
growth of the city in that direction. No
AZ L.,
company, but the lots will be disposed Of at
private sale.