The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-09-30
REALTY VALUES.
Land i'm San Francisco
Good as Gold.
PRICES IN COMPARISON.
The Market Assumes a Healthy
Tone-Promises of Good Times.
improvements, Etc.

with regard to values of San Francisco
real estate, 1t may be interesting to make
a comparison with other cities. The
cream OF residence property in Chicago is
valued at $4,000 front foot, while in this
city the limit is about $1,000. AT the
present moment property considered
worth more cannot be thought of. except
some that is fast changing to business
property. The highest price in Pacific
heights, which is taken as choicest resi-
dence property. is about $3.50 a front foot,
for which a corner on jackson street, near
DevisaderO, was recently sold. Business
property in San Francisco does not go
above $1,000 in usual transactions. Re-
Gently corner in Philadelphia S0xS0 feet
sold for SIP. 800 foot. or $1,000 600 for the
lot.
1t would be we'll if conviction gained
favor that land in this city is not high in
value, but rather well worth what it costs.
That is, in general terms, with a view for
future Improvement and an increase in
population, not that owners may conclude
their land is worth more than they can
get for 1t, because comparisons 90 not fix
values. Supply and demand regulate it,
By careful computation it is estimated
that 1900, 900 people can find room in the
county OF San Francisco. There are fully
100000 here now and the city is certainly
growing in all directions. There are fewer
houses to let than any time IN the past six
months. From reliable source it Is
learned there are not over 5000 idle stores,
flats and houses. The demand for realty
is good and more sales would be made if
loans could be negotiated at reasonable
rates of interest.
While Richmond is fast assuming the ap-
pearance of the Western Addition gap
remains between Central and First ave-
nues. Men in search of homes skip the
cemetery district and so the natural growth
of the Western Addition takes jump of
several blocks. demonstrating the preju-
dice against graveyards near dwellings.
Regarding the northern part Of the city
Umbsen IL Co.'S circular for October will
say: Ex-senator Fairs work on the bay
front is of great importance and water
lots are being rapidly filed in with sand
from mounds which have previously
formed the margin Of the bay. A large
force of men. aided by steam shovel.
trains of dumpcarS and teams are hard at
work.
''The filing in of Union street to bring it
| up TO the new grade is completed, exec pit
the matchmaking of the roadwayS
Sewers have been built to carry off the
sewage which formerly meandered. slow
| and filthy stream, over the lOw-lyi land
adjacent which will before long be filled
i'll. Several streets north of Union have
been graded and macadamized. and last
! but not least, Polk street IS in course of
| being cut through. Polk street is one of
the principal business streets in this pOr-
ton OF the city, and will be the chief
lhoroughiare from Market street to the
| bay. Van Ness avenue is also being
opened uD further north, aud altogether
the topography of this portion of tile city
c Mis ne s" rea-estaie values are ap-
| preciating. and the attention of buyers is
naturally turned in this direction. Moth
| ing is now wanted but the continuation of
the seawall westerly to the Preside to
make this section very valuable"
AdOlph Sutro has determined to put upon
| the market about 1850 lots surrounding
| Sutro Heights and atfnrding views of the
ocean. A reel-estate finn will handle the
property and sell it on tempting terms in
lines will shortly reach the ocean beach
there is every reason TO believe that Sutro'S
tract will be utilized for residence puT-
| poses.
Baldwin & Hammond are making ar
| rangements for an auction of property in
| Richmond, north of Golden Gate Park. A
| large tent will be erected On the grounds
| and accommodations for thousand ner-
| sons provided to make the sale successful.
McDOugall 81 Son are making plans for
a $4,000 residence to be built IN the West
ern Addition, and also for $500 dwelling
| for DR.. SchlesSinger.
| Six flats are TO be erected on Dearborn
place. south of Fifteenth street, near Val
lencis, and a three-story frame building.
| to cost $500. will 60 up on Capp and Adair
streets.
The Laurel Hill Cemetery Association
| has signed contracts for two-store Office
| and residence building, TO cost S13,603.
hrrild M ira m hn Tod . ha
southwest corner OF Clay and Leaven-
worth. where the old engine-houSe stood.
! The corner building will be three stories
in height. with stores below and flats
above. 1t is estimated that the cost will
be from $4,000 to $4,000.
Other building contracts as follows were
signed this week:
| On the northeast corner of Hyde and
| Washington streets. north 1876 By east
! S7:6. $3.50; on the northwest corner of
Hayes and Lyon streets, west 81 &c by
| 100; S732i.
Olympic Salt Water Company with
| George Ii. Walker. TO build great highway
$40 south of B street. south 100 by east 100 ;
SSS75.
olympic Salt Water Company with
| George II. Walker. to build on the west line
OF Bush street. 1917 west Of Larkin, east 1877
| by north 100; $40. 464.
| On the south line of Point Lobos avenue.
! w NFob VI NOiiiuSs WcSb ID Nv south 10,
S2400; Dearborn place, 80 south Of Seven
teenth street, south 80 IS by west IS. S44OO
on south libe Of Page street, 1926 east OF
| Webster. east % by south 1877 :6 $500.
The Masonic Temple Association will
meet on October 10 to consider PROPOSE
ton to assess stockholders for the purchase
of lot at Suffer street and Van Ness ave-
nue..
The Bar Association has leased the top
floor Of the building now in progress OF
construction at California and Webb
streets. a floor space of 60xl2O will be at
the associations disposal for monthly
rental of $500 on a five years lease.
| Jones & Allen have been doing very
| fair business in Oakland lately. The Al
| lendale Tract. on the old Redwood ROAD.
near Fruitvale avenue. East Oakland, put
on the market by this firm SIX months ago,
has been reduced by the sale of 15O tots al
very satisfactory prices.
| Sol GetZ IL Brother report gooo ousi-
ness in outside lands.
AT Won Rhein q Co.'s auction sale last
Thursday the properties sofa prougnt
reasonably good prices. Among tne lots
sold were four lots, 25x122:6 esch on Row.
ard street. between Twenty-second and
| Twenty-third, average price SozJo, Tour
| lots on Camp street average. SII0O, and