The San Francisco call., 1897-05-19
REAL ESTATE
MARKET REVIEW
Effect of Easy Time Pay
ments in Development of
Suburban Property.
Situation of the City From a Real
Estate Standpoint and Pros.
poets of Development.
The Corner of Powell and O'Farrell
Streets to Be- Sold at Auction To.
Morrow by Order of Court.

ers to outside property, such as can be
had without the inconvenience OF saving
for the greater part of a lifetime.
The idea of owning home is becoming &
more fixed in the minds OF people OF mod.
crate incomes, and to that end the cheaper
lands, with the added inducements of
time and easy payments. are being
sought. The outlying districts show by
the number of dwellings going up that ad-
vantage is being taken of the low prices OF
land and also of the cheapening of all
building materials.
In the building line considerable activ-
ity is noticeable, both in large and small
work. The new work being started
is, however, mostly in the line of small
and medium-sized dwellings and fats.
The more rapidly City real estate ad-
vances in value the more room there is
supposed to be for general congratula-
tion. Nevertheless there are many sad
features connected with rapid increase oil
real estate values in large cities. Such
advances fall with grinding weight on
the poor, not only rendering it impossible
for the m to own a home of their own, but
in very many cases placing even decent
premises for rent beyond their means.
This is one of the chief reasons, If
not the strongest, why all those with small
means in a growing city should make evory
effort for the acquisi ton OF homestead be-
fore land within reasonable distance of the
City center has advanced to a price that rem
ders the purchase OF q home impossible to
those in poor circumstances.
San Francisco is peculiarly situated from.a
real estate standpoint. To prophecy how
cities will grow which are situated in the
middle OF great plain, like Denver, or even
. hos rlArn nft H. loH fGA ino0 tG
not an easy task. One cannot tell which way
the growth may extend-north or south, cas- t
or west In such cases speculation may re-
suit most disastrously The wisest heads are
sometimes wrong in their prophecies OF the
direction Of citys growth.
In the case of San Francisco, however, there
is no room for error. One cannot guess
wrongly as to the direction OF its growth. AS
its business increases, as 1t grows in lmpor-
tance as q commercial center and as its rail.
roads multiply, will San Francisco, the
great maritime and commercial city OF the
Pacific Coast, increase and completely occupy
the peninsula on which it Is situated.
No city in the world is so advantageously
situated to build up n immense and far-reach-
ing foreign trade. No other city is near at
hand TO compete with it. There is no hsrbor
on the shore OF California where city can be
built which will compare commercially with
San Francisco. Through this harbor must
pass into the United States the merchandise
and produce of all the states and n ations TO
the west, to the north and to the south, and
wealth of California and its sis ter States.
One of the most important auction sales oi
downtown property since the sale Of the Ryer
the Offering tomorrow by Baldwin & Howell
of the southeast corner OF Powell and Ellis
streets. The property in question is to be sold
by order of the Probate Court. The improve
ments on the land consist of four-story brick
building. 1t is not often that such choice
piece OF income property finds its way into the
auction-rooms. and when it does bidders are
seldom found lacking.
NEW BUILDINGS.
The following new buildings have been con-
tracted for during the past week:
North line of Union street, 1878 feet east OF
Devisadero, two-story residence by Mrs. T.
w. Collins.
North line Of Sacramento street, twenty feet
west OF LIE Roy place, three-story frame
building to contain three dwellings by Ella O.
Mann.
West line of Fifth avenue. ESQ feet north OF
Point Lobos avenue cottage house by Mrs.
Matilda Nelson.
North line Of Jackson street, 1915 east of
Walnut. TWO story residence by Horace
Laidlaw.
Northeast corner OF Clay and Baker streets.
a three-story residence by Mrs. George T. Da-
North line of Sacramento street, s3 a east
of Hyde, alterations and additions by Eliza
beth NJ. Sullivan.
North line of Post street, IT'S feet west OF
Stockton, alterations and additions to Red
Mems Hall.
Southwest corner of Buchanan and Jackson
streets, three-story frame building arranged
in fats, by John Schloen.
North line of Clement street, % feet east OF
Eighth avenue, two-story frame building
arranged in stores and flats, by Thorn Kashow.
Northwest corner of Duncan and Guerrero
streets, a two-story frame building arranged
in stores and tenements, by f. NJ. Donahue.
East line of Second avenue, l25 feet north
OF Point Lobos avenue, cottage-house by
Mprtin O'Connor.
East line of Ashbury street, 1875 feet
south of Oak, q two-story dwelling by Joseph
Wrba.
North line of Washington street, 1892 feet
west OF Jones, house of two fl ats by William
North line of California street, 129:9 feet
west of Webster, two-story frame residence
West line of Larkin street, 1856 south Of
Green, three-story frame building of six
flats by ii. 6. OTIS
South line of Pine street, 131 :3 feet west Of
Laguna, two-story frame building by ]. g.
West line of Mason street. 22:11 feet south
Of Vallejo, two-story building arranged in
flats by Mrs. Maria Garbiano.
West line of Leavenworth street., 87:6 fee,
north of Filbert, a two-story building by F
Pspe.
Park Lane Tract, lot "a, block P, q residence
by Adam Staub
Southeast corner OF Ellis and Cough streets
alterations and additions by Mrs. R. l. Horton
North line Of Page street, 81 3 feet west Of
Cole, fats by Edward Barnett.
NEWS ITEMS.
The Sunset District improvement Club, at 9
recen: meeting adopted a resolution indors
ing the project of widening Stanyan street
from Oak to Frederick.
The Park Commissioners are to be requested
that an avenue be opened across the park a
Ninth avenue, 80 as to give direct means o.
reaching the Richmond district.
Supervisor Devany is authority for the state
ment that the Supervisors will in oil proba
bility appropriate enough money whom the
next tax levy is made to pave Market stree
with bitumen from Third TO Ninth.
Residents of Sunnyside are anxious 10 get 9
right of way to connect their territory with
Mission street.
At present walk of half mile over Circu
lar avenue is necessary to reach the San Matee
electric-cars from Sunnyside.
The Western Addition Development Club
was organized during the past week, the prime
object of which association will be the re-
moval of the cemeteries in the Western Addi.
tion.
A Amass-meeting OF Richmond District resi-
dents will be held on next Friday evening at
Seward's Hall, corner OF Fourth avenue and
California street. The meeting Will be under
the auspices of the Richmond District I'm
proyement Club, and has been called for the
purpose of discussing the removal OF the GENE
teries.
At the annual meeting of the Merchants
Association plan for the better lighting ol
streets will be discussed. This plan is based
upon the experience that has resulted from
the experiment of street lighting during the
past two months.
Work will soon be commenced on the recon-
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