The morning call., 1893-10-28
WHAT is DOING.
Some Large Enterprises
in Realty.
GOOD CHANCES TO INVEST.
There Is Healthy Tone to the Real
Estate Market and Money
Is Easier.
GOOD CHANCES TO INVEST


money in connection with it growing
easier. aud healthy tone spreading over
the market. AS the present is quite well
enough taking care of itself there IS
abundant evidence of strong confidence
in values and prospects of city land as an
investment, also a clear indication of good
conservative business in the winter and
spring. Yet no boom, nor boom prices. are
expected, though Midwinter Fair talk
would lead many to believe there will be
an imitation of values. The Midwlnter
Fair will have its influence on city real
estate in an indirect way: it Will cause
street railroads to extend westward. open
new tboroughfares and bring money into
circulation. The railroads will continue
to carry passengers TO western terml nj
after the fair is closed, newly opened
streets will be standing temptation for
home-b building, and the money acquired
will undou btedly go largely into real estate
when seeking sound investment But all
these coming together do not imply nee
essarily a boom. In the ordinary course
OF business they would create only firm
market.
Real estate men are unanimous in de-
claring that property-0wners should get
the streets in the Western Addition
and around Golden Gate Park in
good condition, and that the Street
Committee of the Board of Super
visors should look after the work. Ia the
rainy season increased travel will play
havoc with the macadamiZed thorough
fares, and then visitors TO San Francisco
would be forced TO carry away very ln-
furious idea of the city.
An extraordinary demand for furnished
houses has been noticed this week by the
agents. Houses renting from $50 to 5000
foIy far rcfxr . l,,
and mostly by wealthy people who live
around the city or want a place to enter
tain friends during the fair season. A de-
mand is expected for uDfurDished homes
as spectators are already discussing the
proposition OF furnishing houses for vlsi-
tors.
The building trade has been fairly active
during the week. Some big contracts were
commenced, and a glance at tie building
contracts in The CALL will show that
number of dwellings and smaller structures
have been started.
Until week ago a large tract of land
lying between Mission street and Andoyer
avenue, Cortland avenue and Holly Park
remained unimproved and unopened. 1t
was held by James Il. Fair, whose only
Improvement was a rough fence, while
property on all sides was graded, severed,
macadamlZed and streets were opened and
many houses erected. On the map this
Fair tract is still blank space. Now,
however, there are six new streets to ap-
pear in the City Directory-Santa Marina,
Gladys Elsie, Ellert, Newman and Ben
nington. The land has been subGivided
into over 800 lots, all of which will be put
on the market next Monday at reasonable
prices and on terms Of $50 cash. $40
month, with interest at per cent on de-
ferred payments. The intention is to have
a private sale, for which the agents, viii
Ei.b4 p hax
encouragement in the unusual inquiry and
interest shown so far. The tract is we'll
situated. 1t has frontage or Mission.
Cortland avenue, Holly Park and West
avenue, is severed and graded, and gener-
ally the prOfiles are not much off grade.
Where the demand is greatest at this
time appears to be immediate ly facing the
park. on ID or Fulton street. Property
within reasonable bounds along this thor
oughfare is at premium on account OF
the extensive improvements made at the
racetrack, its proximity to the Midwinter
Fair and rows of small buildings.
For the reason of such demand an offer
ing to be made by Shainwald, Buckbee &
Co. on ID street, between Fifth and Sixth
avenues. this week, is impOrtant. A year
ago this land was unheeded at something
like half its present price, and now as
much as $3.50 for lots of 25-f0ot frontage
with an average depth of lot feetis offered
Inc tWO COTutE lOtS, .OXlUJ anu
103 a, are offered at $3.50. There is little
doubt about these lots finding willing pur-
chasers at the price asked-a significant
fact in regard to the steady advance of
values in that portion Of Richmond Dis
trict.
An auction sale will in all probability
create a stir in the market next week, and
consequently it will be watched with in
terest'by interested parties. Recently r.
W. Tansill Of New York concluded to dis
pose of his property in Richmond, consist
ing of eighty lots on fifteenth, Sixteenth,
Seventeenth, Eighteenth and Nineteenth
avenues. close to the exposition grounds
and lying on satisfactory levels.
Most Of the land in question is within a
few minutes walk from the exposition
grounds, and faces Strawberry Hill and
lake. which will soon be leading attrac-
tions in the park. Beyond all this street.
car lines are building out there, and being
in the direct trend of city extension west
ward future values are certain TO Increase
over what the lots will bring at public
sale. Mr.. Tansill offers them without re-
serve for the purpose Of winding up his
real estate interests here, and Baldwin &
Hammond, the auctoneers, will ask only
$50 cash and $40 month. The sale will
take place next Thursday, when the pro-
ceeds of one lot will be given the Midwin-
ter Fair.
ration a catalogue for the sale of property
of the State Investment Company, wbicn
is now in the hands of trustees. This
property was decided in trust to the San
Francisco Savings Union. which is now
placing it on the market to satisfy
mortgage. 1t Is offered without limit or
reserve, and as property of this nature is
seldom on the market, an opportunity
will be offered to test what can be done
will substantial real estate of this nature.
The catalogue includes 2lS and 90 San
some street, near California; southeast
corner Ellis and Jones streets, 27 :6yS7:6,
with improvements; northeast corner Bu-
chanan and Pine. lots 25x94. for resi-
dences; also lot On Turk street, 25x90;
property on Mission street, between Fiji
teenth and Sixteenth. with improvements.
and 50-vara lot on Scott and Fulton, in
subdivisions. and many other pieces. The
sale will be held November 81.
Sol GetZ & Bro. report the following
sales: 55x100 northeast corner of X
street and Thirty-sixth avenue, for $3.50;
50x120. east line of Thirty-sl avenue,
25O north of ID street, for $500; 50x120.
west line of Twenty-second avenue. 200
feet south of K street, for $500; 25x100.
south line of X street. 57:6 feet east OF
Twenty third avenue. for $500.
Jacob Heyman reports the sale of FIVE
lots on the east line of Twenty-third
avenue, $50 feet north Of street. 150x120,