Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-08-04
REAL ESTATE POINTS.
THE INQUIRY STEADILY IMPROVING
ALL AROUND.

Easy money and Probable Early Settle
mont OF Labor Troubles the Favorable
Factors-Increasing Interest in Sub
urban Property-Gossip and Sales.
There is no denying the fact that the real
estate market is growing broader and more
active. "There is nothing like BOOM"
said one of the best informed and most con-
servative agents to-day ''but there is fair
business passing, particularly in suburban
improved and unimproved properties of all
sizes and prices, and the inquiry is steadily
picking up. The DISPATCH is right in
ascribing the improving tendency mainly
to the probabilities of an early settlements Of
the labor troubles; but the great factor Of
an abundance of money must not be over
looked. 1t is a very easy matter to obtain
money at reasonable rates to improve sub
urban tracts of land for residence Sites and
while the lot business in outlying plans has
been industriously worked ever since the
introduction of rapid transit, it has not
been overdone by any means, which 1aot fs
attested by the continued inquiry"
Rapid Transit and Realty.
The various lines of rapid transit which
have reached out in all directions, connect
Ing country and city, have opened up
bonanzas for the rural property holders as
we'll as the city capitalists, and have been
the means of Transforming wildernesses into
veritaple garden spots. People formerly
confined in summer time TO the heated city
now enjoy the beauty, breezes and restful-
ness of the country, and are yet in close
communication with the center of traffic.
This has occurred, as is well known, in the
last few years, and the movement suburb
wards has been on al extensive scale; but
there is evidently Just as much of craze as
ever to get into some of the green spots, into
the country. among the trees and flowers.
and wherever any OF the electric or cable
lines are making extensions there will be
found more or less activity in lots and
houses. The movement along these lines
be steady and comprehensive one. "On
to the suburbsI' is still the cry.
Apartment Houses.
"There is demand for more and i'm
proved apartment houses" said a we'll
known builder to-day, and uless all signs
fail the demand will not SO largely exceed
the supply next year. I know Of several,
for which plans are being drawn, and hear
talk every now and then of someone who is
thinking thin about putting some money into
be in the first stages will be better than any
thing yet erected in this line in either city,
and the rents will not be out OF sight, either.
houses that people of moderate means will
be able to rent are badly needed in both
Allegheny and Pittsburg. They would prove
an excellent investment.
Gossip and Sales.
THE DISPATCH had something to say yes
terday about activity in the Twenty-second
ward and furnished evidence thereof Here
is some more: McWilliams & Co. sold to James
Getty, Jr., the Richmond property, in the
Twenty-second ward, for sl3,5Oo. 1t consists
OF a fine two-story brick house and four
acres of land. Mr.. Getty will improve the
property at once
The Hastings property on Grove street.
Thirteenth ward, changed hands yesterday,
the purchaser being the well-known attor.
ney. John Madden. The consideration was
81, 800 cash.
Pier-Moore plan OF lots, to James Newell,
Ior $500 cash. Mr. Newell has already COM
menced e1cavating and will erect house
to cost not less than 5000.
MesSrs. Pier q Moore will builQ a number
OF handsome residences on the property
which they own At Grafton. In this conneo-
tion it may not be amiss to note that prop
There are great many inquiries and prices
are good. The projected electric railroad
has had tendency to stiffen prices.
X Ewing ESd Go sol not to Thomas
street, Allegheny, a lot fronting 40 feet on
Perrysyille avenue and extending through
10 Ellis avenue, 1856 feet. being lot No. in
the Mayfield plan, Tenth ward, Allegheny,
for 81, 500. Mr.. Brown will build at once.
W. A. Heron & Sons sold a lot 2Oxl0O feet
to an alley, in Brown & Donnell's first plan,
on Penn, near Wtnebiddle avenue East End,
Tor 81, 900. The purchaser will improve same
at once
Black & Baird sold to C. A. Englehe for E.
j. Donnelly new brick residence in Neg
ley place, from ting 81 feet Stanton ave-
nue. by 80 feet in depth, for 81, 750.>
Baxter, Thompson & Co. sold for F. E.
Zimmerman lot No. 81, Bank of Commerce
addition plan, Brushton station, fIonting 40
ieet on Grazier street by 15O feet to Blaine
street, for 81, 100 cash.
Another sale of Allegheny residence prop
erty, involving s32, 500. came to the surface
yesterday, but particulars were not quite
rendy for publication.
The Burrell and kensington Improvement
Companies report the following sale of lots
at Kensington, the new manu- iacturing city
on the Allegheny Valley Railway: Mrs. Eva
Miller, Port Perry, Pa, lot 96. block g. for
1886 Charles Preston. Pittsburv, lot 49,
block 8, for $3.50: NJ. j. Zelletrow, Kensington, J
lot 4S7, block 25, Tor $40.