The morning call., 1894-03-24
INCOME PROPERTY.
Reasonable Prices Bring
Ready Sales.
WHERE BUSINESS IS BEST.
Good Inside Real Estate Is i'm
Demand.
FUTURE OF THE NORTH END.
Some Events of the Week Which
Realty Agents Take as Signs
of the Times.
BUSINESS is BEST.
FUTURE OF THE NORTH END.


estate circles as many agents expected
few mouths ago there is ample indication
of a gradual reaction after the dull season.
A better feeling in the market is noticed
and the volume of business has increased
to a considerable extent. Income prop
ertY sells easily, but as small buyers are
not so much in the market there is a rather
weak movement in lOw-priced lots aud the
outside subdivision lands are lifeless. The
principal movement is kept up by men of
means. who are buying good income busi-
ness or inside property as a business
proposition. Still, prices must be reason
able to keep the market m owing in this line,
which is proved by the fact that sales of
such real estate are readily made at mod
crate values. while 'fancy" prices put
decisive stop to business transactions.
A great many inquiries are followed by
offers for property. but nevertheless the
ideas of buyer and seller differ by about
10 to 20 per cent on inside property, and
co nse oueptly the movement is retarded to
a large extent. In time (and this seems to
be prevalent belief among agents whose
standing and judgment eDtitle them to
conslderatiOn) the buyer will have TO
come up TO the sellers ideas If he wishes
to secure desirable property. And there
is good reason for this opinion. The
owner sees around him quite satisfactory
signs of advancement and improvement
and forms his conclusions that his own
property will lie absolutely safe, so far as
value goes, If he keeps it for few years.
But be should take into consideration also
the fact that there has been depreciation.
more or less, in real esia e values, and also
that money has a greater value now than
il had two or three years ago.
This is usually the season when tracts
of outside land are prepared for the mar
ket and a stir is noticed among men with
subdivisions. But at present there is not
sign in this direction. There may not
be for few years TO cOme-that Is TO any
great extent-for the inclination shown
some time since toward forcing the city to
grow south and west, on paper. Is without
any encouragement in present prospects.
Instead of recaiming far-out dunes, level
ing inaccessible hills or opening miles oi
useless streets evidences point TO improve
ment in districts already made fit for
building purposes. The main bulk of
work will be building sewers, finishing
S reefs and erecting houses within the
suburbs now partially tiled. But there
Is no reason in sight for further extension
of districts and opening thOroughfares
that are in existence only on the map.
The advance ia price of tie Montg0m-
cry block is taken as significant incident
III with luE real eStdl6 III INC
northeast portion of the city. Thi, old
building was so substantially erected with
the best materials that it is still in GOOD
order. II vas offered for sale by Easton,
Eldrldge u Co. at an auction January 30,
subject In the confirmation of the Proba e
Court. The highest bid then was Ss9, $50
| On Thursday Judge Coffey received b ds
in court, and the price went up TO S121 75O
| A rumOr was current yesterday tina;
Adoph Sutro had offered $4,000 more for
| the property. bnt IL could not be verified
| Within a few blocks from this building
| James g. Fair has Quilt several massive
warehouses of concrete. brick and iron,
! some a. great expense in making foundA-
] tiOns, and he is quietly continuing his i'm
prOVements toward the seawall aud North
| Beach. 1t will only be a matter of lime
until the seawall, completed to Fort
Mason, and still far her west along the
north shores. will offer anchorage for
cOasting and foreign steamers, and for the
! considerations of convenience and saving
OF time these new Der hs will be in demand
| Then, with such a condition affecting the
northern part of the city. all property u
level places ought to have new standard
| OF value
II the south side of Market street keeps
on steadily Improving with imposing sIruc-
tures, some Of which are monumental and
afford every convenience. storekeepeIs on
the nor h side will find business largely d.
fcILcu hcIOso tue StIoeI, Al u ld0QlUTO6 Will
experience a change in the price of their
property. This week the old two-story
frame roOkeries on Market street, Just op-
posite Mason, have been removed L. make
room for a modern brick building, with a
frontage of 47:6 feet, depth Of 16 sfeet
and height of six stories. In the next
block large number of workmen are en-
ployed on the Parrott building, which
will soon begin to rise from the founda-
tions. 1t is understood another high
building is in contemplation.
Contracts as follows were made this
week for buildings: A frame building on
Howard street, near Twenty-third; cost.
$780, A two-story and basement dwell
ing on O'Farrell street, near Laguna: cost.
S4360. A cottage on Fifth avenue, near
Point Lobus; cost, $1,000. a frame build
ing On Steiner street, near Haight; cost,
$3.50. A one-stOry cottage on Nineteenth
street. near Diamond; cost, $500. A
three-story dwelling on Eighteenth street.
near Hattie; cost, $1,000. Alterations on
the premises at the southeast corner of
Ellis and Jones streets; cost. $1,000.
three-story frame building on ShotwelI
street, near Twentieth; cost, S5122 Store
fittings at 730 Market street; cost, $4,000.
Additions to a residence on Oak street;
cosi. Sl400.