The morning call., 1894-08-11
Inquiry for Residence Lots
Better.
FALL PROSPECTS IMPROVE.
A New Standard of Values Is
Wanted.
FOR ALL DEALERS TO AGREE.
Sutro's Railroad Projects Receiving
Substantial Support-Sales and
Building Notes.

There does not appear to be much OF an
Improvement in the real estate market,
although inquiry is growing fayorably
and interest in city property seems more
sincere than during the past two months.
Transactions are mostly confined TO
cheaper dwelling sites, with an occasional
turn in select investment property. Out
side lands that have merely speculative
value, being inaccessible and without
streets, water, etc, have lost value, or at
least few people want such real estate at
the present time. Part of Richmond might
come under the heading of outside lands,
but then there is healthy tone to that
district: improvements do not cease, and
the proposed Sutro railroad inspires conf
dence in real estate beyond First avenue.
Besides, work has commenced on the out
let for the Richmond sewer system, and no
DELAY will be allowed. Once this sewerage
system is completed to the Golden Gate,
values of Richmond property may be ex-
pected to rise.
The disturbance in other lines of trade
through financial and tariff complications
principally has completely upset the equl-
librum of San Francisco lands Old
standards of values can no longer obtain,
and consequently buyers and sellers fail
to agree readily on prices. the owner hold
ing out for prices that were reasonable
enough in times of prosperity, while the
buyer with a shorter bank account add
possibly with q frmer hold on his purse
strings waits for a bargain. In spite of
all. with fair fall trade in prospect, the
market has better feeling. II an adjust
ment could be effected, an increased move
ment might be expected.
Subscription books for stock in the
rood RI tha Cliff Houco mara onapad
last Monday in the Office of Won Rhein &
Co., and since then stream of people has
been passing through the office investing
money in the enterprise. 1t Is stated that
the road Will transfer with the California
street and Sutter-street lines, thus insur-
ing through trip TO the ocean for cents. |
Adoiph SutrO is credited with having |
signed for 10000 shares. which would |
represent 100000 already assured. An
other S100, 600 would almost complete the |
road. While the general public is taking |
kindly to the project IL is considered !
strange that Richmond prOperty-owners |
do not su bscrlbe
Contracts for new buildings. as follows,
were recorded during the week: a two |
Spruce. cost 5000; fats on Kentucky |
street, near Sierra. cost $500; cottage of |
four rooms on Suffer street, near Baker, !
cost S1400; dwelling on MeAlister street. |
near Broderick. cost S325G; three-story |
frame, Bush ani Monroe, between Stock |
ton and Powell, arranged in flats, cost |
$1,000; a three-story structure on Van |
Ness avenue. near Vallejo street, cost |
S14, 750; dwelling on lot on Sharon |
street, near Fifteenth, cost $1,000; a cot |
ta2e on Texas street, near Yolo, cost |
$1,000; dwelling on Devisadero street. !
near Suffer-. cost $500; frame structure |
on Broadway, near Leayenworth, cost |
SglNMs RnQf-hnn knlanDn-
wharf. cost S27.127.
Several of the properties recently sold |
by Public Administrator FresSe through |
Baldwin & Hammond, at auction, come up |
for confrms tion in the Probate Court
next Monday at 10 a. NJ Among the
properties is valuable Chinatown invest
meni, consisting OF substantial three
story brick building. $40 and 52Oh Wash
ington street, between Dupont and
Stockton. This property rents for SIPS
per month. A bid OF $4,000 was obtained
at the auction sale. and those wishing TO
investigate the property are advised to do
so before next Monday. an advance bid
Of 10 per cent may be made to Judge Levy
at the hour Esmed.
The following sales are reported by Sol
GetZ & Bro. Lot 25x1S7 IS on Carl street.
225 feet east Of StanyaD, $500; lot 5Oxl20
on Thirty-siath avenue. IT'S feet north of
K street. $500; lot 25xl20 on Eighth avenue.
200 feet north of | street. $500; lot 25xlOO
on K street. 80 IS feet east of Twenty third
avenue. S40G; lot 125x100 on Athens street
us feet northeast of Persia avenue, $500:
lot 132 :6x100 on Clement street and Third
avenue, 5000.
O'Farrell sold properties as follows dur
ing the week: Corner of Van Ness avenue
and Chestnut street 5000; house ana lot,
2 Fountain street. 30x114. $3.50; two lots
in Sather tract, 5000; TWO lots in BLOCK 666
of Bsy View Homestead, $50; house and
lot, 25xS0, southwest corner of Sanchez
and Twenty-sixth. $500; house and lot.
10 Tehama, 3Ox75. $3.50; lot in block
Cos. outside aDds, $500.
Baldwin & Hammond have sold the fol-
lowing: Lot 50x120, Third avenue, between
California aad Clement, S2l00; lot 25x10O,
TweDty-seyenth, between Church and Do
lores. $1,000; lot on Suffer. % west of
Powell, 25XS7 &c, with improvements; lot |
on Fillmore, between Sacramento and !
Clay, with two stores and two flats, S16.-
300; lot west side of Baker, 81 ;6 north of |
Fulton. 25x10O, S30O0