The morning call., 1894-09-15
SITE FOR AN ORPHAN ASYLUM.

The past week has brought no change
in the condition of real estate affairs be-
yond helping to confirm the opinion that
confidence is being restored Real estate
dealers say that the market is satisfactory
inasmuch as it shows that quite good
business is doing in small properties.
This beyond question is true, and there
are occasional sales Of Importance which
serve the purpose of establishing conf
dence.
"Wheat aud silver and real estate go to-
gether as tie main securities of the coun-
tcy," said an agent yesterday. "Wheat
was never lower than at present, but real
estate in this city a. least maintains its
standard of values very well, all things
considered, and it holds The confidence of
the people as we'll
City land will sell readily at what it is
really worth, but if you were to tell own
ers that they would instantly want to raise
the price without any further reason.
Inc TACT Is, however, prices are too stiff
they stand at present, and If owners could
only be Induced 10 estlmate property at its
actual value remarkably large volume oil
business would be the Tssnlt."
As a rule, wherever building j. active on
inside lands prices are as firm as they ever
were, but in otaer districts they are weak
1t Is claimed that speculative tendencies
gave false value 10 city real estate in
many districts, and the time has come
when conservative estimates will obtain
over the somewhat extravagant ideas of
former years. a stranger coming TO San
francisco to-day with the intention of in
vesting IN city lands or improvements
would not be influenced by od-time prices
or opinions Oh values. He would simply
ask how much income VIII IL pay now
how much does 1t actually PAY, and his
estimation of the value vii be made ac-
cordiugly. He will not touch side lands
of any description whatever, and he will
not give d ar more than the property IS
worth as business proposition. II own
ers and buyers would put themselves in
his posi- ton here might be many more
transfers recorded.
Baldwin & Hammond sold hat a block
in Richmond this week to the Maria Kin
Orphanage for $4,000 The land is sit-
uated at the northeast corner OF Seventh
avenue and Lake street and extends north
ward to the Preside reservation, includ-
ing an area of 120x577 feet. 1t is the in
tentiOn of the orphansge management TO
build on this land eventually, but at pres
ent no more definite IDEAS are entertained
on the subject.
q. H. I'm bsen & Co. report the following
sales: TO 10 Bernard street, five houses
and lot 94x60, for $4,000; lot 25xI22 6. on
west line or Folsom street, So nn;th of
Fifteenth, $500; Improvements and lot
26X110:3, on southeast corner Of Camn
and Guerrero streets, between Sixteenth
and Seventeenth. $500; improvements
and lot 25x137 6, 1916 HAYES street. 5000.
improvements and lot 25x90. 10 and 81
Hollis street, 5000; lot 25x113, on south
line OF Day street, $50 west OF Sanchez.
1913; lot 25X1l0:3, on east line of Guerrero
street, 102 north OF Seven teenth, $3.50; lot
25x114. on south line of EiEhteentn street.
135 east Of Sanchez, $1,000; Let 50x1OO. on
west line of Vermont street, 80 south of
Nevada, $l5l5; improvements and lot COX
!oo, lOo3 Per'lta street. Oakland. $500;
improvements AMI lot 30x101 e, on south
east corner OF Eighteenth and Noe streets.
$1,000.
Building contracts as follows were re-
corded this week: A One-stOry building
on LaIdley street, near Castro, cost $500:
a building on Folsom. near Fifth. cost
S5OOO; building on Sacramento, near
BAKER, cost $4,000; a cottage Cd Eleventh
avenue, near Clement street, cost $1,000.
one-story frame on FREDERICK, near CLAW
ton, cost $500; building on a lot on
Twenly-seventh, near Dolores cost 10000.
stores and fats on the northwest corner of
IWenty-fouIt1 street and Poirero avenue,
cost $1,000; one-stJry building on Turk
street, near Scott, cost $1,000; a two-storv
frame on Dulores, near Twenty-eighth.
cost 5000; additions to a buillng OH
Hyde, near Sacramento, cost SI6GO
HOUSEKEEPING departments of the real
estate houses have been receiving large
share OF patronage of late. This is at
tributed to the fact that numbers of pe0-
pie are leaving hotels and settling duwn
10 housekeeping in the Western Addition
and near Golden Gate Park, where con-
Portable houses, with pleasant interiors.
are In demand. But the while walled
houses are more or less of drug on the
market, as the time has passed when non
Hlar tastes are satisfied with lime-wasbed
parlors. etc. What is needed now, and
what is actually in general demand is a
home with modern improvements. i"
which term includes tinted or papered
walls, and certainly something better than
the bleak. old-time whitswash. Colors and
paper cost little, and landlords who have
the true appreciation Of improved popular
tastes find 1T remuneratve to place their
houses in acceptable condition. They find
thot tenants are better pleased and Will
lngly pay little more in rent In the de-
elrable districts houses rent very well
h nfc ~