The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-07-08
REVIEW OF REAL ESTATE,
Values in Outlying City Dis
trictS Should Continue
Firm.
TRANSACTIONS OF THE WEEP
Mapee's Summary of Loans and
Releases-Umbsen' Auction
for To-Day.

In the review of the real estate marke t
| for June Thomas Magee e. Sons publica-
ton says: "There is no present prospect
of any great increase in value of any kind
of property for the next six months. The
best retail property will hold its own, and
may show some advances, but all other
real estate is likely to be stationary, while
suburban lots may recede little more in
| price"
While it is conceded that the values of
the best retail and semi-central business
property may show some improvement,
there is no indication that the price of
suburban lots will come down. The recent
and continued development of rapid
| transit combined with the cent fare to
all points within the City limits, is the
| biggest inducement to capitalists to invest
| in outlying districts. They see that if they
can get hold of tracts, subdivide them into
lots and sell them cheap, people will buy
| if the property can be reached easily and
| quickly.
There has been so much of this plating
and subdivding done, and the railroads
have so extended their lines in all direc-
| tons, that it is i'm possible for one man or
| set of men to create select residence dis
! trict and enjoy all the business. Com
petition between the various sections, and
served to bring prices down, while at the
| same time the owners have added every
| improvement, such as streets, sidewalks.
grades, sewers, water and gas connexions,
as extra inducements to would-be buyers.
The extension and modernization which
are going on among the streetcar lines OF
| this City will mark minutely the City 8
growth Few people stop to think OF the
| close relation existing between street
railroads and real estate values. The
streetcar has done more to create and
revolutioniZe American real estate values
than any other one agency. This state
ment would seem almost incredible to
people who have always lived in European
cities where certain sections of the city
remain unchanged for decades.
With the prospects of favorable develop
ment of suburban districts, there is an APP
parent tendency to an expansion of the
| business portion of San Francisco. Those
streets which are but second-class retail
streets will become in time equal to the
one or two thoroughfares that are now
used. 1t will be case of history repeat
ing itself, for all the old cities of the East
! have gone through the same process.
Values are bound to increase throughout
the semi-centTal business district OF this
City, and that is why, taking everything
| into consideration, San Francisco offers
splendid opportunities for investment at
this time.
| BUSINESS OF THE WEEK.
In the record of deeds for last week is
one OF the property 62x125 on the north
line of Post street, 81 :6 feet west of Laguna,
for $15, 500.
Among the largest real-estate mortgages
are three by the Hibernia Savings and
Loan Society: 600 for one year, at 81
per cent on the property, 75x90. on the
northwest corner of Sixth and Bryant
streets; $4,000 for one year,at 81 per cent,
on the south line of Twenty ninth street,
at its junction with the old San Jose road,
an irregular-s shaped lot; $4,000 for one
year at 6H per cent, on the property on the
north line of McAllister street, 20 feet west
of Hyde, an irregular-shap lot, and one
| for $12 900 by Abram B. Keesing for five
years at per cent on the northwest corner
of Twentieth street and Potrero avenue,
4S0x100.
The most important releases placed on
record were: By the Hibernian Savings
and Loan Society, $50, 900, on the property
120x160 at the west corner of Tenth and
Mission streets, and $13,500 on the south
east corner of Geary and William streets,
56x97; by the Merchants Loan Associa-
ton, $40, 800, on the property 40x99 on the
east line of Masonic avenue, 125 feet south
of Frederick street; and $4,000 granted by
Abram B. Keesing, on the northwest cor
ner of Twentieth and Potrero avenue,
408x100.