The morning call., 1892-07-25
REAL ESTATE MARKET.
An Opinion That Prices Have
Been Set Too High.
Business Reasonably Coed Among the Agents.
Sales Reported-A New Scheme at
Tiburon Point.

exaggerated reports of certain expert testi-
m0ny before the Board of Equalization with
regard TO present real estate values in
the city there has been little of interest to
enllven the LEGAL market within the past
week.
That trading is slack there can be no
question, but whether it is duller than it
should be in tile month of July there seems
to be quite difference of opinion among
the real estate men. Taking into consider
alton that this is always the season Of mid
summer dullness the country over, the
record of sales for the week make very
fair showing. Apparently values remain
as firm as should reasonably be
expected in almost every section Of
the city, Many firms recently have
expressed the conviction that holders
Of property in the most favored localities
have set their prices too high for the well
fare of the city. They do not hesitate to
venture the opinion that concessions must
eventually be made before an active,
healthy market can exist and the city grow
and improve as il should. Capital. it Is
III aintained, will not be withdrawn from
the savings banks and invested in real
estate until it can be made plain to money
holders that their income will be increased
thereby. Real estate men all agree that The
demand for gilt-edge property was never
stronger with less Offering is an income
proposition.
AGENTS SALES.
Among the agents business has been
reasonably good notwithstanding several
very important transactions that were eX-
peeted would be closed during the week are
still pending. The following sales have
been reported:
O'Farrell & Lang: Lot and improve
ments on Baker street, 80 feet north of
Geary, 25Xl00; $500.
pf md inn N lpa asf
corner Of Montgomery and ' NallejO streets,
81 :3x137 g; S11.500
Lot on The north line of Eighteenth
street, 112 feet east of Guerrero, 25X1l4;
$1,000.
Lot and Improvements on the west side of
DeyisaderO street, consisting Of two fats, so
feet south Of Hayes, % 6:6X120; $500.
Lot and Improvements on the south side
OF Bush street. between Powell and Stock
ton, 22sS0; $3.50.
-Four lots. 25xI20 each, on the east line Of
Nineteenth avenue, near ID street; S2l75.
Lot on the north line Of Clement street,
% feet east OF Ninth, 25x10O; S1l00.
Sol. Geiz 81 Brother: 32;6xlO0 on the
southwest corner of Thirty-second avenue
and / street tor $3.50
50xl20 on the east line of Thirty-third
avenue, 100 feet south Of | street, for 500
81 :6X100 on the northwest corner of
Twenty-Seyenth avenue and l. street for
$50.
5Ox10O on the south line of K street, 30 6
feet east Of Iwenty-third avenue, for $500
o. +. Won khein Il Co.: Brick building and
lot 900 hearny street, adjoining the north
east corner of kearny and California streets.
for So, 800. Also the lot IS :4X60, north line
Pine, between Stockton and Powell, opposite
the ;. Nj. Wilson properly, for Sc, 100.
A NEW SUBURB.
a very extensive real estate scheme has
been set on foot in this vicinity bv the in-
corporation Of the Tiburon Point Improve
ment Company. The plans have been held
in allowance pending the settlement in the
United States courts If the rights of paten-
tees to lands located in and about that por-
tloD OF Marin County. Though these lands
were held by original owners 10 "A large ex-
tent, still tie United States, through the
District Attorney IN this city, Instituted a
suit OF recovery, claiming that the lands
were Improperly held and that they were
required for defensive purposes. This suit
was finally voluntarily dismissed In the
L nlted states courts and the lands are now
TO be brought into market. They consist of
1000 acres Of mostly bluff land, bounded by
the bay on the south and east and bordering
on kaccCOn Straits.
The incOrrorators OF whom :. y Girls
void IS the chief, propose 10 make II possi-
bic for only peo"le possessing wealth To
purchase piats. NO one who can buy less
than i've acres or who will erect a residence
COSTING less than 5000 can become citizen
Of the new suburb.
The site is certainly a beautiful onp II
commands n most expansive view Of the
bay and is entirely exempt from the annoy-
ing fogs that affict the western sections of
Marin County. The grounds are TO be laid
ont IN landscape order with walks and
drives special feature. An architect is
now employed on the plans Of a hotel to
rival the proportions of the famous Del
Monte, which is 10 be located on an eleya-
tion overlooking the landscape and contig-
uous to one OF the numerous beaches that
abound on that portion of the bay.
The Honey Lake Valley Land and Water
Company, through It's secretary, Fred w.
Lake, announces that it VIII shortly run An
excursion to lis property from this city.
The company has for two years been Mt
work on an extensive dam which. when
completed this fall, will afford water suffi-
Client 10 iTrigate upward of 100000 acres of
fertile land lying in Honey Lake Valley.
This land all belongs to the Government
and Is still open TO entry by citizens. Many
have already taken up a considerable area
contracting with the company for water for
irrigatinE purposes. The valley is trayersed
by the Northern California and Oregon
Railroad at present, ana lies in the direct
line of the projected san Francisco and
Great Salt Lake Railroad.
COMFORTABLE HOMES.
A tier of handsome residences ere Just
about completing on the west line of Oc-
tayla street, close 10 Pacific avenue. The
houses We're built 10 sell to parties wanting
a modern home. and have beer fitted up in
style 10 meet such requirement Speaking
tubes. electric bells, freScaed ceilings and
natuTal-wood fpish are among the attract
i've features. The land is elevated. with
sufficient slope for good drainage. aud from
any floor an extensive marine view is OBJ
tanned O'Farrell & Lang will make accom-
modatiDg terms.
BUILDING NEWS.
Architects Kein;zer & Kolofrath have
awarded the contract for a $4,000 three
story frame building at Webster and Meal
lister streets TO Adam Miller. The owner
is Mrs. Anna Mischer.
Two frame buildings to cost $1,000 each
are TO be erected for +. Ii. Burke, at Hub
bard and Howard streets, by r. Doyle I&
Son. {. l. Havens Is the architect
Architects CoXhead IL COxhead have
awarded the contract fer the granite work
on the LuniDg estate building at California
and Market streets TO Z. K. Knowles 81 Co.
for S15, 700.
James Campbell has the contract to erect
a building to cost Sl4l0 for Mrs. Bernice
Normand. at Gutenberg and Hanover
streets. The architect is Oliver Eldridge.
Patrick MaiOney has the contract for a
frame building at Twenty-Gfth and Noe
streets for Mrs. Margaret Warde, to cost
$1,000. John j. Clark is the architect
Architect w. c. Dickerson has let the
contract for an additional story to the frame
building owned by Isaac Friedman to John
Strauf for $1,000.
Doyle 81 Son have the contract for a six
story frame building at Twentieth and Eu-