The San Francisco call., 1897-08-12
REAL ESTATE
MARKET REVIEW
Now Is the Time Buyers
Are Advised to Invest
in Property.
One Large Sale Of Kearny-
Street Property Made
During the Week.
Building Brisker-The Tax Levy-Re-
view of the Records, Auctions
and Notes.


thing-present prices justify any one who
ever intends investing in property TO do
so now. That capital puts firm trust IN
the future of San Francisco real estate is
de nonstrated by The fact that whenever a
choice piece of land is offered at bargain
a buyer can always be found.
Very little business has been done dur
ing the past week so far as sales cut any
figure, but inquiries in regard both to City
residence property and land in the coun-
try have been sufficient to justify the ex-
pectations of dealers that not many days
will elapse until brisk business breeze
sweeps over the field.
So far as money is concerned Thomas
Magee has adhered strictly to facts when
he mentioned in his San Francisco Real
Estate Circular for July thatthe savings
banks have more on hand than they can
lend. For over two years the Hibernia
Bank has been Ioaning at the rate of 81
per cent. Other banks are now comm <
into the arena, most of which formerly
demanded per cent rate, and not long
ago the Mutual Savings Bank made re-
duclion to 6% per cent. What keeps the
rest from so doing is The uncertainty Of
the tax levy for eacn year.
In fact that lax levy is the bette nor of
both banks and dealers in real estate.
taxable property Is going to injure the
prospects of borrowers in securing loans
at low rate OF interest.
Dealers in general vie with property
owners in their hopes that the Supervisors
will endeavor to keep the levy down.
Then, with the tariff issue settled and the
Klondike pouring its stream of gold into
= I'll y ,~,
zon will assume cheerful glow.
The record of buildi, operations for
the last month is encourag ng and shows
better total than any July month since
the year 1891. Although building is un-
usually dull during the summer months,
and the price of building materials is ad-
vancing, this fact remains true and is
good cause for congratuiation to property
holders.
During the week six cottages were
started at Sunnyside alone. Five of them
will cost $lZ00 each. The owners are II.
H. Easter, f. q. ANGLE, j. d. Moreland,
w. A. Hicks and +. T. ? casso. The sixth
cottage is for Mrs. L. J. Woods, and will
cost $1,000.
The principal sale OF the week. how
ever was that OF the property on Kearny
street, near P 'st, occupied by Frank Mas
key, the candy MANUFACTURED. Negotia-
tions have been going on for its purchase
for several weeks. The price paid was
$95, 900 and the sale was made through A.
J. Rich & Co. This was ABOUT $475 per
front foot.
The property is situated on the east
line of Kearny street, tifty-five feet south
depth of 10G. The building on the
property, four-story bay winGow front
structure, rents for $625 a month. Mas
KEYS lease will not expire for about four
years.
REVIEW OF THE RECORDS.
During the week eighty-one mortgages
passed TO record aggregating the sum of
$222, 735. During the same period forty
five releases were recorded TO the total
value of $281 ,S04. The following were the
principal mortgages:
By Frank Muller to Henry F. and Margetta
MlCnuelis $4,000 for one year at 6;a per cent
on property on the west line Ga Valencia
and northwest line of Mission, south west 45.
northweSt 100, northeast 90. southeast S7:6,
sou h % 51a portion Tiffany and Dean tract ;
bv Charles L. Gilbert to Charles Mccarthy
$5133 until January 20, 1898, at per cent
on property as follows: Lois 8, 10, t6. %, %.
80 block E lots 13 ana 43. block q lots l. 2
g. Is, Al, block ID; lots and 7, block 10;
lot II, block 10; lois 6, 7, p, % aud south
hall Of lot 80, block 81; lot IA brock "a; lot
5 block 25; lots g. 4, 5, AZ to SO. block %: lots
6 to IL, bl ock %: lots Is, 16, II and 19, block
%; lots l, 20 to 33, block 81, Lakeview; by
the Hibernia Bank TO Academy of the Sacred
Heart $4,000 for one year at So per cent,
franklin and Ellis, 12ox275 ieet; by
year at 615 per cent, on properly
on the east hue OF Leavenworth, north of
Clay, 40x137 IS feet; by the Hiternia Bank TO
Jacob Gordon $500 for one year at Ga per
cent, on properly on the southwest line of
seventh, northwest OF Minna; by the Security
Savings Bank to Sidney V. Smith $4,000 at z
per cent for one year from September 1. 1897,
blocks bounded by NJ and n streets, Thirty
seventh and Thirty-elght h avenues, and bl ock
bounded by G and K streets and Forty-third
and Forty-fourth avenues; by the Hum bodt
Bank to Abraham H., Henry and Johanna H.
Wesher 5000 until January 27, 1899, at
per cent, property on the south line OF Pine.
east OF Baker; by the California Title In
surance and Trust Com pany 10 Lettia
W. Hudson, $4,000, for one year at 81 PER Cent
on property on The s. nth line OF s Sacramento
street, west oiOctavia, 81 IS by 1872: :S14 feet;
and Wilhelmna Spotono So, 600, for six years
al per cent on property On the east line of
cole, south OF Waller, 25xl25 feet; by
Joseph Cow to Hugo A. Hornlein. $4,000, on
property on the south lire of Sacramen to
street, 71:lH feet east OF Dupont. 41:414x
1926 feet; Dy the Germ n Bank to John him
kei S2l, 900 for one year7 per cent on property
on Valencia, Hermann, Stevenson and Jessie
streets: by the Union Loan Association to A.
Decourtieux, $4,000. for ten wears at per
The following releases were for compare
lively large amounts:
From the Security Loan Association to
Henry and Emily Thompson, $4,000 on prop
erty on the west line OF Vicksburg, south of
Twenty third, 20x117:6; from LUnion Fran
caise to La Societe Fran caise de Renaissance
Mutuelle, $50, 900 on property on the south
east line OF bryant, southwest OF Fifth 275x
275 feet; same to same, $50, 600 on two pieces;
Hibernia Bank to Richard ". Hicks. $4,000 on
property on the southwest line OF Second
southeast of Mission, 30x77 IS feet; by the San
Francisco Mutual Savings Bank 10 EiiZ beth /.
JOY, $25, 600 on properly en- the south line of
Market, west OF Third. 25x100 feet; from La
societe Francase TO Tieta l.. Stow, $500
on property on the south line of Sacramento,
east of Cough, 30x127 50; La Societe Fran
calse to Frances Caroline Wilson, $1,000 on
property on Post and Steiner; HibArnia Bank
to Mary A Hampton, $50 900 on property on
the northwest corner Mason anu O'Farrell,
3OxSO feet: Union Loan Association to Silas
W. Lander $4,000 on lot /, block B, Spreckels
sub blocks A, B and D, Park Hill HON estead
No Q; German Bank 10 John Hiukei, $20, 900
on proper on tae southeast corner Leaven-
worth aud Washington, 195xl 81 IS feet; Geo. ge
Whitlel to Marie de SouZe, $4,000 on prop
erty on the southeast corner Jones and Pl as
ant Tor Riley) 6Ox22:9 feet; Joseph Goeiz 10
Jang Chew, $15 900 on property on the south
line OF sacramento, 71:11S east OF Dupont;
from the Union Loan Association to A. de
Courtieux, $4,000 on same.
BUILDING CONTRACTS.
The following were recorded during the
week:
Ralph B. Kittredge with A. G. Johnson. to