Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-11
| CITY REAL ESTATE.
A Big Price Realized for Property
on Central Fourth Avenue.
FRONTAGE AT $4,000 PER FOOT.
Particulars of the Recent Big Zeal in the
Highland Park District.
DEVELOPMENT OF THE OUTSKIRTS

The property No. 113 Fourth avenue,
formerly occupied by the United Pipe
| Lines a one-half interest in which was
recently acquired by Messrs. O'Day and
Archibald, brought at the rate of $4,000 q
foot front, the highest price so far realized
on that street. This price is practically for
the ground alone, as the building is
small and Of no great value. 1t was pre-
dicted some time ago by close observers that
Fourth avenue property would soon COM
mand the highest price in the city. This
prediction has almost been verified. On
account of the concentration of financial in
terests on Fourth avenue values are steadily
looking up, showing that Pittsburg is fall
ing into line with other cities where prop
erty on the financial streets is the most
valuable.
Latest Highland Park Deal.
Additional information was obtained
yesterday in regard to the sale of the Mary
A. Denham property, near Highland Park,
for little less than 500, 900, reported in
THE SUNDAY DISPATCH. The deal was
consummated through the agency of Charles
Somers, who received the first payment. 1t
fronts 400 feet on Highland avenue by o
depth of ], 200 feet on CallowhIll street. 1t
also has frontage of 800 feet each on Eu-
cid avenue, st. Clair and Mellon streets,
which pass through the property. The pur-
chaser, Mr.. John Fite, proposes to improve
the ground by grading and paving streets
and laying fagstone sidewalks, after which
it will be laid out in large lots suitable for
fine rural homes Building restrictions will
be imposed upon all lot buyers, binding
them to observe prescribed lines and to
erect houses corresponding to the high
character of the place and its surroundings
Mr.. Fite will begin operations in few
days He has sold his other holding in the
same locality for $65, 000
Developing the Outskirts.
Fahnestock Place, Homewood, on the
Pennsylvania Railroad, furnishes a good
illustration of the steady development Of
the outlying districts. 1t contains 62 lots,
which were put in the market few months
ago by Liggett Bros. Of these 80 have
been sold and 10 or IL houses built. A
well known contractor will erect five houses
during the summer; two of them have been
commenced. Other lot owners are prepar-
ing to build. Some of the houses on Penn
avenue cost as much as $15, 900 each. All
are of good class. One of the features of
this fine subdivision is the old mansion on
the corner of Homewood and Jeanette
avenues, which was once occupied by
Andrew Carnegie.
Yesterdays Building Permits.
Yesterday broke the years record, not in
the number of permits issued, but in the
number of improvements represented by
them. Fourteen were taken out, repre-
senting SO houses and additions, the latter
but few, all estimated to cost S136, 1915.
Those of special Importance are : Christie
pher Magee, Jr., brick two-story dwelling
on Forbes street, Twenty-second ward,
50, 500; J. A. Graner, eight dwellings on
Ledlie street, Eleventh ward, S., 900; Adam
Stalsh, two frame dwellings on Fifty-second
street, Eighteenth ward, S3, 800; Tony
Marshall, u brick dwellings on Harrison
street, Eighteenth ward, $4,000; s. Ewart,
nine-story warehouse on Liberty street,
Fourth ward, 500, 600. This building will
be of stone and brick. and will stand on
what was the q. P. Synod lot, pur-
chased a few months ago by Mr..
Ewart. Charles Bickel is the architect
Special Features of Trade.
Competition between real estate brokers
is quite keen. There would be less of this if
more attention we're given to the auction
board.
Mrs. Elizabeth Sargent will soon begin the
erection of u handsome dwellings on Alpha
Among the deeds just recorded is one by
which Thomas H. Chapman acquired title
to a tract of land in South Fayette township,
the consideration being $4,000.
The building which the Messrs. Kaufman
will erect in place of the First NJ. P. Churc h
will conform to the block of which it will he
a part. 1t will be completed in time Tor the
fall trade.
The total gross earnings of ss railroads for
the third week of April were S7,0l9, 222: 1891,
&C, ,s99, 72s; increase, 1912 ,592.
Duquesne Traction is meeting the expecta-
tions of its friends. 1t scored another ad-
vance yesterday. Street railways in Pitts
burg will always be good property.
Pittsbur2 Brass Company stock is in the
market at TO- The company will soon oc-
cupy its new plant in Allegheny.
(Smtthfield street) has declared a dividend
record on May Is.
York at IS and the preferred stock at 21N.
Additional Points in Realty.
A $4,000 deal in nearby acreage was
a prominent ex-official Details will be
furnished in a day or two
B. J. Williams sold for the Jane Nichols
estate to A. S. Brown and B. J. Williams
eight lots on Belonda street, Mt. Washing
ton for a price approximating s. cash.
DtdCh u l1ulTu W OdUloS w. UdulUle a |
lot on the corner Of Washington and Trim |
BILE avenues, Mansfield, Pa, having a 'front.' |
age OF 100 feet on Washington avenue by l30 |
in depth. for $1,000 cash.
John X. Ewing & Co. sold to Enoch |
James for Miss Mary n. Cunningham O lot |
5Oxl47 on Perrysville avenue, Tenth ward, |
being lot No. 2571SS in the Watson |
plan, for 81 200 cash. The above firm sold |
this lot 10 days ago to Miss Cunningham for |
81 90. They report good demandfor Tenth
ward property.
Reed B. Coyle 6 Co. sold lot No. 2l2 in their
Marion Place addition, TwenJy-third ward,
on ParneH street, being XlSO ieet, for $3.50
W. f. Hamnett & Co. sold a house and lot
on Amanda street, Brushton, for S.. O00
W. A. Heron Sons sold lot Noe in Kings |
plan, 20 feet on Heron, near Wylie avenue,
ward, for $475 Owner pays for
Improvement and sewerage on Heron ave-
nue.; also sold lot No. l03, in the Wilkins |
cstate, Third plan, Williamsburg. fronting
NIifilin street, 52xl00 feet, for $780, Purchasers
will improve same. :
L. T. Schanner sold for Albert Yierheiler,
two new frame houses, three and four rooms,
with five choice lots, each 25x100 feet on
Fourth street, Beltzhoover, to John Richter
tor - 500 cash.