The morning call., 1894-02-24
INSIDE PROPERTY.
A Demand for Valuable
Real Estate.
FINE DAYS BRING ACTIVITY.
Two Very Large Mortgages Are
Recorded.
MONEY Is PLENTIFUL NOW.
Review of What Is Doing in Realty
Circles and Prospective TRANSACT
tions-The Weeks Sales.
MONEY IS PLENTIFUL NOW.

With the improvement in the weather
late this week affairs took favorable turn
in the real estate market. Intending pur-
chasers have been looking around for in
yestments and giving agents something TO
do in showing properties offered for sale.
The inquiry and interest that tagged dur
ing the stormy days picked up remarka-
bly,. giving every promise of an active
market before summer comes.
One. prominent real estate firm has re-
marked an increased demand for dwelling
houses and properties east of Van Ness
avenue, and it is stated by their manager
that residence property in the easterly
part of the Western Addition is more
sought after than home sites further away
from the business center. Whatever this
condition may mean it would seem to in
dictate that there are many level-headed
people who think and act in the same d.
rection. That this real estate has a splen-
did future cannot be denied 1t is sure
to increase in value every year. and the
present market being depressed in regard to
estimated values rare opportunity presents
itself for investment here. The inside portion
of the Western Addition is mostly improved
and brings good income on the investment, so
that for the Immediate future il can be held at
profit. Afterward IL can be disposed of 10
good advantage.
Dealers in real estate have no reason TO
grumble over money matters, as the savings
banks are supplying demands in that line. Be
sides. there Is considerable private capital ac-
tually begging mortgages, which, in cOnjunc-
ton with the bank loans, leads many agents TO
believe that money will be very cheap this
year. The German Savings Bank loaned $780,
600 10 DR.. C.. f. Buckley for year at per
cent on mortgage on property on Market street
and City Hall avenue, OFarrell and LarKin
mn Nnc md MvFfl 10
The Humboldt. Savings and Loan Society
loaned John f. Sims $4,000 at 8 per cent on
inside property. There were many large
mortgages recorded this week, but these two
are the best evidence that the banks are not
drawing lines on amount of loans.
S. SiIverberg, owner OF the property on the
northeast corner of O'FaTrell and Mason
streets sixty feet on OFarrell street by 100
on Mason street aud 100 on OFarrell alley, is
having ,I plans Drawn T Tor hye;story 6rlck and
iron building. The lower portion OF the build
ing Will be arranged for stores and the upper
portion for family hotel.
Won Rhein & Co. sold the southeast corner of
Washington and Stockton streets, BOXES
feet, for $1,000; also the northwest corner OF
Suffer aud Fillmore streets. 53x100, for about
$4,000.
Baldwin & Hammond report sales as follows
Two lots, 25X100. on Lake street, between
Fourth and Fifth avenues, $1,000 each; lot
25x120. east side of Fifth avenue, 100 feet
south of Lake street, 500; two lots, 25x12O,
on Fourth avenue, between California ana
Lake streets. S1100 each; ot 25xl0O, on Page
Sllo6ls UciNccD bdhHF anu Lyon, SOUOU, Two
lots, 25X120, east side OF Thirteenth avenue
between and NJ streets. $3.50 each.
Madison & Burke select the following repre-
sentative sales from their list of this weeks
transactions: Property on Leavenworth street,
Between Eddy and Turk, 27:GX137 20, with a
substantial building OF fifteen rooms paving
500 a month, for $4,000. The northeast
corner of Suffer and Devisadero streets, 81 :6x
S7:6. with new InTee-story building compris-
ing Two stores and four fats. The price was
fraction under $4,000 A new two-story
dwelling on the west side Of Castro street, be-