The San Francisco call., 1897-02-08
REAL ESTATE
MARKET REVIEW
Copious Rains of the Week
Interfere With Busi-
ness.
Volume of Trade in This City
as Compared With Business
in the East.
A Few Important Saes of Downtown
Property Reported During
the Week


terfered considerably with the real estate
business The volume of trade in this branch
of business, as we'll as in all other lines, had
for the time being been very much c1rcum-
Ecribed, yet few find fault, the people know
ing that the wealth and prosperity of the
community depend in very great degree
upon q heavy rainfall at this season of the
year.
The pluvial dispensaton has brought joy to
the hearts OF the agrlculturists and added
vastly to the prospective wealth of the State,
giving as it does assurance OF abundant crops
of grain and large returns from the fruit dis
tricts.
Confidence in real estate as security is un-
shaken. Strong faith in land is pronounced
feature OF the situation. Buyers may not be
particularly numerous at the moment, but
sellers from choice are equally few in number.
The market is well cleaned up of compulsory
offerings and this fact helps much to sustain
the rather firm tone that prevails among the
holding interest.
Business men generally incline to the belief
that trade arteries viii soon show increased
activity, when real estate matters will un-
doubtedly come in for full share of any
quicker movement that may develop as the
spring season approaches.
The following, showing the condition of the
real estate market In san francisco, as COM
pared with the Eastern cities, is taken from
Thomas Magee's circular:
Dull real estate has been here, and
scarce as money has been, the one has not
here been nearly as dull, nor the other a scarce
they have been in Eastern cities. Even in
New York and Chicago this has been true,
while II has been much more true generally of
ali the other Atlantic cities. In ordi-
nary cities OF the East real est ate was so
doomed and loaded with debt that it can now
hardly be given away. The worst examples OF
this state of things are probably ST. Paul, Min
neapolis and Denver. OF all the cities of the
United States San Francisco Was least doomed
and least mortgaged, and has, in proportion TO
its population, most money on hand. There
was plenty OF booming and the robbery at
tendant upon II between 1887 and 1891, but
this skyrocketing was nearly all done IN out
side properties OF comparatively small total
value, and was perpetrate d only on small buy
erS."
During the past week the property on the
east line OF Powell street, S5 feet south of
Geary, having frontage OF 52:6 feet by 7:6
ID depth, was sold for $4,000 to M a. Dorm.
The four-Story frame bulldHg at present on
the land will be altered and stores will. be
built on the ground floor.
Another piece of property in the same bl ock
and on the same side OF the street, 102 :6 feet
north OF O'Farrell, with frontage OF 81:
feet and depth OF 1875, mas been sold to
Emily NJ Chabot for $37, 800. The improve
ments on the land consist of q three-sto
building, which will be raised and a brick
story added below. which will be used for
The property at the northeast cor ner of
Fourth and Minna streets has changed owners
for the sum of S52 600. The lot is 5Ox70 feet
with Improvements thereon consisting of
three-story brick building renting for 1875
per month. The seller is Mrs. II. Hampton
and the purchaser J. CaIegaris.
Mrs Phebe Hearst has purchased from the
Crooks estate g. lot 20xS0 feet on the
northwest side of Stevenson street, east of
Third. for the sum OF $4,000 This strip will
give rear entrance 10 the Nucleus building
which is being reconstructed.
The IL :6x7O feet, with Improvements, on
the east side OF Stockton street, SO IS ieet north
OF Geary, has been purchased by G. Witteli
from the estate of J. h. Madison for the sum
of $1,000
REVIEW OF THE RECORDS.
There were ninety-eight deeds recorded dur
ing the past week.
The mortgages numbered eighty-two and
were for q total of S193 000 Among them
were the following: By the French Bank to
Jane Martel, S13, 800 for Two years at 81 per
centper annum, on property on the north line
OF Ellis street, 197 feet west of Jones, 38x120
feet, and east line of Kearny 81 :3 feet south
of Clay, 81 :3x22:11 feet; by the Mutual Bank
to George H and Susan NJ Richard, $12, 900
for one year at per cent on property at the
streets, 60x100 feet; by the same to Jennie
and George & Sex ton, $4,000 for one year at z
per cent, on property on the west line of Fair
Oaks. 122 north OF Twenty-second, 61x117:6;
by the Mutual Savings Bank to Louis Bazet,
$4,000 for one year at per cent, on prop
erty the north line of Geary street so feet
Hibernia Bank to Theresa, Aggie S. Charles
H. and Frederick H. Zachari8s, $4,000 for
one year at So per cent, property on the
south line OF Sutter street, S7:6 east OF Hyde,
east % by south 1877 :6 by the same to Isa-
belle Levy, $4,000 for one year at 61z per
cent, on property on the west line OF Mason
street, 40 north of Geary, north 20 by west
57:6, on the south line of Sutter 62:6 east of
Leaven worth, east % by south 1915, and on
north 27:6, west 81: :53z, south 5O:73I. east
SS112; by the Columbus Savings and Loan
socie.y to Henry E, Frances E.. Winiired T.,
Eugenia j., Agnes Z. and Angela Morrison,
$4,000 for one year at per cent on prop
erty on the southwest corner of Sacramento
and Dupont, west "a AZ by south $50; by
a han h1rp fn Mar0 Hort -
four years at 612 per cent, on property on the
north line of California. 156 :3 east of Scott
Bank to the vestry of 81. Johns Church and
parish, S1S, 900 for one year 81 615 per cent on
property on the southwest corner of Fifteen th
i47:s. -A'' o''-U'' "e'' 1OO O' S0U'n
The releases numbered ffty-one, represent.
Ing the payment OF 1853 1897. The following
Bank TO Julien Smith, $4,000 on property on
the southeast line oil Stevenson street 315
feet southwest of Third. 70x4O feet; by the
German Bank to Hattie S. stone $4,000 on
property on the north line OF Page street. 2S1 :3
feet west OF Scott west 25xl37 g feet.
The releases were ffty-four in mum Der and
represented the payment OF $l66. .S25 From
the humboldt Bank TO NJ. J. and Hannah Kern,
$40. 900 on property on the south line of Page
street, 125 west of Webster, west 25 by south
137 IS, and $1,000, on the south line of Grove
street, 169 east OF Webster, east 25 by
south 12O; from the National Home and
Loan Association TO Lena and Hannah Mark
$4,000 on property Oh the south line of Eddy
street, 700 west oil Laguna, west % by south
137 70; from Anna and 2. II. Kenny and Get
tie Plate TO William and Teresa Romberg
$4,000 on property on the northwest corner
OF Sutter and Scott streets, west 81 :6 bv north
100; from the Hibernia Bank TO Harriet w.
and Harry w. Meek, $4,000 on properly on the
northwest line OF Mission street, northwest
20, northeast So, northwest 90, northeast Sc
southeast 20:96, southwest liz.
The Western Addition Improvement Cluh
has petltioned the Supervisors to grade and
sewer st. Joseph avenue. between Geary and
Turk streets.
There will be bill introduced in the Legis-
lature this week which, if granted, will give
the Supervisors the right TO obtain land by
purchase or condemnation proceedings IL
necessary, for the purpose OF extending
widening, Strengthening or altering any pub
lie street or highway not to exceed 500 feet
committee composed of members of the
Five-mile improvement Club for the purpose
of circulating a petition TO have the pound
limits extended have received many sigma
lures. The petition will be presented to the
Supervisors. The real estate agents of this
City have taken an active part in this move
ment, and the petition will include the names
OF all the leading firms in the business.
The request to be made in this direction by
the residents of the southwest Mission dis
trict will no doubt be granted by the Super
visors, as it has received the support of many
prominent citizens and property-owners.
Members of the Richmond District Improve
ment Club are anxious to have Point Lobos
avenue taken out of the control OF the Park
Comm ssioners and the authority vested in
the Board of Supervisors
g. H. Umbsen d Co. have been appointed
the Northern California agents for the Hemet