The morning call., 1893-09-23
ON EASY TERMS.
Real Estate Sells Well in
lnStalIments.
IMPULSE TO THE MARKET.
Savings Banks Satisfied That 1t Is
Safe to Begin Loaning Money.
Important Transfer.

estate for homesiteS >or speculative mr.
poses is gaining favor every day among a
large mum Der Of the thrifty with moderate
: means. Even with quiet market in real
= estate there are ready purchasers for land
whenever system of small mon THY pay
~ments is introduced. Some of the best real
estate houses are resOrtng to this method.
~kHowlng that posseSsors of limited cap
ltal have money boarded aud are willing TO
make part payment on realty with a pros
pect OF easy terms for the balance The
market feels this new impulse, for sales of
city property on installmenJs are made in
. large numb every week. Ia no part OF
town is there such quick movement in
realty as at Richmond, and that because
large tracts are offered in subdivisions on
easy terms.
The Huntington property just opposite
the Midwinter Exposition site was quite
recently offered for sale. Terms were one
tenth cash and balance SO month. with
per rent interest on deferred payments.
Over 100 lots were sold in three weeks
and now another block is on the market.
IanSllPs property adjoining is offered on
similar terms. and already good demand
exists for il.
In the usual run of business real estate
is waiting for banks to begin ioanng on
mortgages. The presumption that one or
two savings banks at least will loan as
formerly on realty in two weeks is prey-
alent among bankers and agents alike.
When this begins the market viii. improve
and real estate grow frmer with agreeable
rapidltY.
Thursdays records show that r. H. Nc
Donald has transferred much valuable
property to the Peoples Home Savings
Bank for the benefit of depositors Such a
transaction carries with 1t the belief that
the bank is being conducted in good faith.
The property Is regarded by experts as
desirable IN many ways, either for invest
ment OF for personal uses. In all prob
ability it Will be on the market Immedi-
ately, and then intending BUYERS can have
an opportunity TO bid on these lots: Lot
on south line Of Suffer street, 81 IS west of
Jones, south 10 by west 30; lot on south
line Of Sacramento street, 1903 east of
northwest corner OF North Point and
Ieavenvorth streets. west 1877 :6 by north
137 IS; lot on northeast corner of j street
and Forty-fOurth avenue, 600 by 240; lot
on south west corner Of Colngwood and
Nineteenth streets, south 135 by west SO
lot on east line of Castro street, 70 north
of Nineteenth, east 125 by north IA lot on
southwest corner Of K street anu Thirty
third avenue, south 600 by west 100; lot on
northeast corner of Noe aud Fifteenth
streets. north $50, east los, south %, west
rs, south 105, west to beginning; lot COM
mencing 70 from northwest corner OF
Castro and Nineteenth streets. west 125 by
north "A.
Cheap lots for dwellings of modest pre-.
tensions seem to have steady sale in the
POtrero district lying on the rolling lands
. beyond P0tIero avenue. Lots on Kansas
street. off Twenty-third. with grading,
sewering and macadamizing completed.
are sold for $500 on very easy INSTALL
mentS.
As an example of the feeling that exists
about land close to the park in Richmond.
. Baldwin 81 Hammond give their expert
-enre with a block between Fifteenth and
Nineteenth avenues, near ID street Last
Wednesday signs were put up, giving
terms, etc., and next day four lots were
sold.
IRE auction catalogue which Won Rhein
& Co. presents this week for disposal next
Thursday has some good things for people
looking for desirable home sites. business
or investment properties.
In addition to the two large sales, aggre-
eating $500, 600, made this week, the fol-
lowing transfers were made by a promi-
nent real estate firm: Lot on southwest
corner of MeAlliSter and Webster streets,
81 :4xS7:6, with two two-story buildings,
$4,000, sold by Mrs. W. II. PoulsOn; lot
on north line of D street. between Seventh
and Eighth avenues, q :6X100, for $500,
sold by w. a. Field.
The property on Devisadero extending
across the block from Broadway to Vallejo
street, sold by George a. Pope through
Shainwald, Buckbee az Co. for $50, GEO.
Will shortly be improved with several
handsome residences.
: a large lot on Il street that bounds
Golden Gate Park on the south side, has
been rented for 500 month by persons
who intend to erect upon it hotel and
resort. The lot is near the park entrance
anu likely enough Will be utilized for a
temporary structure during the fair season.
Plans for proposed additions TO the City
and County Hospital are under an archi-
tect's consideration. The improvements
=. contemplated will reach about $4,000 as
they comprise a contagious diseases ward
and an annex needed for the growing de-
O.. mands upon that institution.
Comment on values brings out a variety
of opinions at present, though in 4 general
way it may be said that city real estate is
not as high as it might be. From the
records few transactions giving amounts
paid for land in different parts Of the city
is taken as follows. The considerations
will be found reasonable
Lot GIG, Gift Map l, 500; lot on north
west line of Harrison street, 80 feet south
west of Dora, southwest % by 80 $500; lot
on west line of Diamond street, 1877 ;6 south
of Twentieth, south % by 125, $1,000; lot on
west line of Harrison street, 81 :0A feet
south of Twelfth, south % feet. west so
feet. north q :9A feet, east so feet, $3.50;
lot on west line Of Bryant avenue, 157
south of Twenty-fourth street, south % by
100, S2556; lot on north line Of Twentieth
street. I25 east of Castro, east % by north
= 50, $3.50; lot on west line of Lott street.
: 100 feet south of Waller, south 26 by 106 &c.
$500; lot on south line of Sixteenth street,
233: east of Dolores. east 65 by south 10.
$1,000; lot on north line of Sacramento
20 street, $3.50 west of Cherry. west 80 by
102 :85a. $500; lot on north line of Twen-
teth street, 125 east of Castro, east % by
north 50, $3.50.
The following building contracts were
signed duking the week: One-stoIy build
ing at Fibert and Scotland streets, $500;
: granite work and balustradiDg at south
east corner of California and Jones, $1,000 :;
: one-story frame dwelling on d street and
Eighth avenue, $3.50; three-story fat
building and two iwO-stOry dwellings,
$4,000; changes and improvements on
Clara street, between Third and Fourth,
S1400; one-story cottage on California
street, near Second avenue, $4,000
The construction of FIVE buildings at the
southwest corner of Belvedere and Waller
streets, to cost about $4,000 is nearly
finished.
Alameda County will shortly begin the