The San Francisco call., 1897-04-12
REAL ESTATE
MARKET REVIEW
Agents Report a Good De-
mand for All Glasses
Of Property.
No Particular Enthusiasm Dis.
played Among Either Buyer
or Seller.
The Question of Price Is the Factor
on Which Busin SIS Largely De.
pends Just NV

Trade in the real estate line continues of
good proportions while the situation generally
partakes of hopeful character. There is no
particular enthusiasm displayed among either
buyers or sellers, but holders still appear to
have good faith in the future, and to this
feeling is attributable the increase of strength
that seems to have been impaired TO values
within the past few months. Most certainly
there Is some Improvement in matters because
the inquiry is more general, and there is dis
position 10 buy land OF all descriptions. The
question OF price is the factor on which busi-
ness largely depends Just now.
The following is taken from the Real Estate
Circular published by Thomas Magee & Sons
The Hibernia Bank last month lent 1919 S29
on City real estate, the Savings Union 1927
400 and the German Bank $141,650. Yet
alter these loans were made all OF the savings
banks had still large surpluses of unused
money on hand, for which there is only q very
light demand for City real estate use. No
country loans are now being made. There is
so much money on hand at some of our banks
that Z reduction OF the rate OF interest is
likely. Existing rates 81 TO z per cent
per annum, the banks paying the mortgage
tax. The net rate they earn Is 10 o13 per cent
Borrowers, in the face OF low rents and fre-
Quent vacancies, cannot rule earn these
rates net if they borrow and build.
NEWS ITEMS.
A two-story residence is 10 be built by Nellie
E. Scott on the east line OF Shrader street, 25
feet north of Beulah.
Alterations and additions are TO be m ade to
the premises Of Mrs. RemI Chabot on the east
line of Powell street 1O2 % feet north OF o. Far
rell
A large tract of property overlooking sutro
Heights and extending from California street
south for about four blocks, has been put on
the market, for sale by Adolph Suro. This
land, no doubt, VIII attract the attention of
home-seekers of medium circ cumstances VIII ich
by reason OF lis distance from the city's Gen.
ter, is cheap IN price, but nevertheless is one
of The prettiest sections in San Francisco for
homes. The recent extension OF the electric
road throughout the Richmond District has
brought the property In the outlying section
OF this territory within easv and quick access
10 town, and il seems quite reas enable TO pre-
dict that before many months the district in
question will be thickly settled with homes
Charley Sutro reports the following recent
sales: Northeast corner Of Forty-sixth avenue
and street, 32:6x100 feet, 10 NJ. Mericourt,
foT $1,000; two lots on Forty-fourth avenue,
betW cen Point LObos and Clement street. each
line OF First avenue, % feet south oil Lake
street $1,000 each; lot25x100 feet on the north
line OF California street, 20 feet east of Second
avenue, for $1,000.
Griffith Clark & Co. have formed a corpora
tiOn 10 do q general real estate business. They
have rented the premises ct 10 Montgomery
street, formerly occupied by Bovee, Toy &
Sonntag.
Baldw in & Howell report the following re-
cent sales: Lot and improvements on the
southeast corner of Bryant street and Morris
avenue. between Fifth and sixth, lot 75x75,
price S11 300; northwest corner OF Twenty
iifth ana ShotweII streets lot 22:6x75, i'm
proyements three-story building, fats price
$44O0; lot on the south side OF Golden Gate
avenue, 121 feet west of Baker street,
25x137;6, price $1,000; lot on the west side of
Folsom street. 40 feet south of Precita ave-
nue., 50x200, price $500; lot on the east side
of Stanyan street, 25 feet north OF Frederick,
25X106, price $1725; lot on the west line of
Ninth avenue, 125 teet north of l street
25x1oo, price $1,000; LOT on the north side OF Nc
Allister street. 80 feet east of Lyon, 25x137 IS,
price $2100; lot on the west line OF First
avenue, $50 feet north of Clement street, 25x
120, price $1,000; lot on the west line of D1a-
mond street, 149 feet south of Seventeenth,
24:Sx125. price $1,000; lot and improve
ments consisting OF small cottage on the west
side of Dame street, 375 feet nor th of Randall,
25x125, price $500; lot on the east side of
San Bruno avenue, 100 feet north of Twen-
tieth street, 25x100, price 1925; lot on west
line of Twenty-fifth avenue, $50 feet south of
Clement street. 25G130, price $425; lot on the
east line OF Chenery street. Dis feet north of
Miguel 25x!OO price. 500; lot on the
east line OF Pennsylvania avenue, 200
south of solano. 25x1OO, price $3.50;
lot on the east line of Lyon street, 25 feet
south OF Golden Gate avenue, 25x10O, price
S1625; lot on the west line of shrader street,
125 feet north of Frederick, 25x131 3d. price
Sl450; lot on the east line of Nebraska street,
so feet south of Nineteenth, 15x100, price
east of Tenth avenue, 25x100, price $500:
southeast corner of Nebraska and Nineteenth
$500
This firm also reports q large inquiry for
property in Burlingame Park and also San
Mateo. number OF sales have been effected,
the particulars OF which viii be given in few
days.
Jacob Heyman will commence the building
OF two new cottages during the week in the
Heyman Tract. At the northwest corner of
Hoffman avenue and AIyarado street q FIVE
room cottage Is TO be constructed. Two frame