The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-04-17
STORY OF A CORNER BLOCK
Had an Opportunity TO Sell 1t for $780,.
600, but Said 1t Was Not for Sale.
1t Went Last Week for S41, 0O0-Recent Real
Estate Transactions-Elated Over the Street.
Railroad D~eal-Building Associations.

The largest sale of the past week and con-
spIcuous by its loneliness, was that of the
property of the Helm heirs. at the corner
of Washington and Alabama streets, TO
Otto Stechhan for 81, 600. The frontage is
sixty feet on Washington street and 195
on Alabama street. Mr.. Stechhan intends
TO tear the old buildings away and erect O
modern business block in their stead. A
little "reminiscences is recalled by this sale.
Five or six years ago the owner. the late
John Helm was approached by an agent
who desired TO purchase the property for
the New York dry-Goods store, who offered
S45. coo for it. Mr.. Helm refused the offer,
and the tempter raised the tender to
SIS. COO then to $4,000. aud. subsequently,.
by stages of $1,000 up to 100000. The old
gentleman refused the last offer as firmly
as he had the first. and no sale was made.
Mr.. StechhaE has been congratulated upon
having secured a bargain.
The past week has not been prolific in
real-estate transfers. though SOME sales of
more than ordinary interest have taken
place. The week before had been so brill
liant in achievement that its Immediate
successor was looked upon as q disappoint-
ment. On April 2 the Charles L. Sayles
agency did the biggest business ever known
In real-estate circles in indianapolis, the
sales contaminated by that agency on that
day amounting TO $500. 100.
For the past week the recorded transfers
have been small. On Monday they num-
bered twenty-fOur. the total consideration
being SAC. 6l0, tbelargest transfer amounting
to S., 700 for the property sold by Caroline
Griffith to the Sentinel Printing Company.
On Tuesday there were thirty III sc recorded
transfers. amounting to So, S95. Thelargest
of these transactions was that of the prop
- -. l. G~--n
Shaffer for $500. This property is at Gold
en- Hill. adjoining the property of the
Country Club, and is a beautiful location
for a country home. The Country Club Is
pleased thai it should have fallen into Mr..
Skaters hands. as 1t shuts out an impend-
ing danger of having u beer garden for q
near %neighbOr.
On Wednesday the recorded transfers
amounted to S5l 23S, the largest sale being
two lots. by Jane I'll. Patterson to Helen T..
Blair. the lots being In Bleke'ssubdlvision.
On Thursday the transfers amounted to
$50. O50. the largest consideration being SlO.-
600. for lots 50 TO O. and lots Il and ~ in
Fletcher's Woodlawn addition. The prop
erty was sold by Amanda ID. TiltOn to
Elizabeth L.. Tenant. On Friday the con.
numbered sixteen; the considera-
tion $40. 9 100. The largest of these
transfers amounted to Sl6.2S2. 20. and
was paid by Green a. Smith to
John H. Smith. executor, for 2l2 acres in
known as the Culbertson farm. The next
largest transfer recorded on that day Was
q transaction in which the Connecticut
Mutual Life Insurance Company sold to
William l.. Elder the property at the cor
ner of Massachusetts, avenue and Park
avenue. fronting forty-nlne feet on Park
and 13l feet four inches on Massachusetts,
avenue. The consideration was sl2. 600.
There is u two-story brick on the property.
which will he replaced by a handsome
three-story brick for business purposes.
Observation-Disclosures and every BODY inter.
ested in the progress and development of
Indianapolis are greatly elated over the
transfer of the street-car property TO new
hands. They feel that more lines will
have electrical equipment and that the do
nothing prophecy of Mr.. Frenzel will not
be suffered to mar the record of 1892.