The morning call., 1895-01-26
PROSPECTS BRIGHTEN.
With Fine Weather Realty Is
Picking Up.
INTEREST IN CITY LANDS.
1t Is Shown bya Remarkable Increase
in Inquiry.
BARGAIN.HUNTERS ARE PLENTIFUL.
Private Negotiations for The Corner Of
Market and Third Streets-Bur.
Iingame Villas.

Since the rain has ceased real-estate
agents say an encouraging stir can be
noticed in their business. The stormy
weather had the effect of depressing the
market, as intending buyers could not go
about town inspecting lots or improve
ments. But the past few days have shown
beyond a doubt that good feeling exists
and confidence is asserting itself with re-
gard to city real estate. Inquiries have in
creased rapidly, and what is still better
there is an evident desire among investors
to get hold of whatever class of property
they have been considering. With a con-
tinuance of fine weather agents report they
expect that numerous sales will be effected.
The event of the week overshadowing all
other transactions in real estate was the
sale OF Market-street property by G. I'll.
Umbsen & Co. This remarkable auction
has been fully described in THE CALL. The
corner of Stockton, Ellis and Market
streets sold for $451 900 to Mrs. Sullivan,
and all things considered the price is re-
garded as fair value for the property. I'm
less confirmed by the Probate Court the
sale cannot be consummated, but as money
certain legacies the belief prevails that the
court will acquiesce in transferring the
property. On the Third-street corner
$306, 900 was bid without resulting in a sale.
Private negotiations have since been on
foot and it is thought probable that Mr..
Spreckels will secure the property.
A conspicuous figure in the real estate
market at present is the bargain-hunter.
The most disappointed one is the same
person. Perhaps one seller in twenty is
absolutely forced to sell, while the re-
mainder are satisfied to part with their
property provided they can rea lie fair
price, but the bargain fnancier gives him
no announcement. To a great extent a
lack of judgment prevails in buying and
selling real estate. The holder only Judges
from the standpoint of what he paid and
the buyer, as rule, endeavors to convey
the impression that he takes gloomy view
of present conditions. Only very few of
the sensible preperty-owners hold that city
real estate should sell at figures that OBJ
tanned some time ago, but in general terms
the buyers are too anxious to cut even ON
their valuations, and expect too much for
the money.
As to the bargain-hunter, it may safely
be said he does not know good PROPOSE
ton when be sees it, and the indications
are that real estate values will be on the
upward grade before he arrives at any con-
clusion. 1t will then be too late for bar
gains, for opportunities will have slipped
by him.
A large number of pretty villas will be
started at once in Burlingame Park, adj
Joining the fashionable club in San Mateo
County. Many parties are visiting the
park at present for the purpose of selecting
vii 10 site mr. la nj or
residences. Among the people now build
ing there are w. HI. Croker, Henry T.
Scott and Joseph Grant. Mr.. Grants
house is almost completed. Plans for
three handsome dwellings are in the hands
of local architect, who has instructions to
hurry the work so that the houses may be
ready for occupancy when the summer
season opens.
Joseph Donohoe, the banker, is begin
ming to build home on the northeast cor
ner of Broadway and Fillmore streets.
This residence will be an ornament to the
neighborhood where it is to stand, being
elegant and imposing in style and proper
tions. 1t will cost about $4,000.
Shainwald Buckbee e. Co. will offer at
auction next month two blocks, bounded
by Twenty-first, Twenty-second, Bryant
and York streets, and Twenty first,
Twenty-second, York and Hampshire
streets. The land will be divided into
eighty standard lots. The streets sur
rounding are graded and an electric street
railway passes between the blocks.
G. 81. Umbsen d Co. report the following
sales: Lot 75x100 on northeast line OF Six
teenth avenue south, 225 southeast of M
street, South San Francisco $1,000; i'm
proyements and lot 50x100, 945 Seventeenth
Street, $3.50; Improvements and lot 29:2x
so :6, north Turk street. 1884 east of Lar
kin. for $7700; lot 25x122:6 on east line of
Folsom street, 30 north of Twenty-second,
$2O50; lot 25x122:6 on east line of Folsom
street, 235 north of Twenty-tirst, $2050; cot
tage and lot, 25x105, 131 Precita avenue,
$2425; lot 25x122:6, on east line OF Shot
well street, So north of Fifteenth, 5000;
improvements and lot, 28x110:3, on south
east corner of Guerrero and Camp streets,
between Sixteenth and Seventeenth, $500;
lot 25x114 on north line of Day street, $40
west of Castro, $500; cottage and lot, 24x74,
6 Walter street, $500; improvements and
lot, "a :414x137:6, with an l., at 1910 Clay
street. $4800; 1913 Suffer street, lot 25x137 e,
price $11 ,075.
Sol Getz & Bro. report the following
sales: Lot 25x120 on east line OF Sixth
avenue, 275 feet south of California street,
for $3.50; lot 47:4x240, on east line OF
Eighteenth avenue, 200 feet south of 3
street, for $500; lot 25x120, on w line OF
Thirty-second avenue, 100 feet south of J
street, for $500; lot 25x120, on west line OF
Twenty-seventh avenue, lbs feet south OF
X street, for $3.50; lot 50x120, on east line
of Twenty-first avenue, $50 feet south Of
] street, for $1200; lot 25x12O, on west line
of Thirty seventh avenue, 1876 feet south OF
street, for $3.50. This firm will move to the
Croker building on February i, where 1t
will have better facilities for conducting its
prosperous business, which has outgrown
the present offices