The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-07-24

The boom" days that once influenced
she real estate transactions Of Seattle have
gone and In their place has come period
when men invest for she present worth Of
property as well as fer its future value.
That Is what Is said by the real estate men
Of the city who are prominent In that ave-
nue of business and Who know better. per-
haps. than any enc else the character of
the market as regarsis land values.
Poe;-Inseliigsncer reporter yesterday
interviewed a number OF leading men en-
gagged in real estate operations and the con-
eensus Of opiason was 10 the effect that
property In Seattle IL wanted by men with
money for what II 10 worth now and not
for what II may be worth In the future.
though. Of course the prospect o. future
advance enters into the calculation.
According TO the statements Of these gem
tlsmen there Is a healthier character and
tone In real estate than there has been for
long time past Men do not Row contract
for the purchase Of land, paving small
hrst payment and trusting to sell at an
advance before the second payment 10 due.
Business OF that kind In thing of the
past and real estate transactions are now
based upon solid substantial values
Most Of the payments are made In cash
and made by men who want the property
itself either as an interest producing In
ves,ment or for personal occupation.
A. d. E1helman. of Morrison & Eshel-
man. said that there is a healthier and
known In q long time. His firm had made
no large deals recently but there is con-
slant demand for homes and other prem
ises wanted for personal use.
They Appreciate . Good Thing.
Charles r conoyer OF Crawford & Con-
over. said that the most frequent Qurchas-
ers now are men with money who were
seeking permanent InvesfNents. These are
always the first people 10 appreciate the
value of a good proposition. and they are
now taking advantage Of the opportunities
offered by Seattle real estate. They are
not confined 10 residents of this city, said
he. but Eastern investors are being more
and more attracted and I know that they
have an extremely good opinion OF the
present and future condition OF the city.
There is a constant demand for good prop
erty al fair prices and the market Is bet
ter than for years"
Among the sales recently concluded by
this Arm is one from the Webster estate 70
c. ]. Smith. for S35,0o embracing lot
80 feet square at the southwest corner OF
Third avenue and Madison street In con-
nection with this sale Mr.. Conover says
that Mr.. Smith paid the larger part of the
purchase money out OF the pr3n;s of the
sale of the Abbott house. which he recently
made He Dough, the latter property aoaut
a year ago for sln.oa and recently sold IL
for $50 900. besides drawing from IL dur
ing the meanwhile a net interest on his
Investment Of IL per cent.
They have also recently sold 10 Hamm 4
Schmidt lot fep feet square al the north
west corner of Fourth avenue and James
street, the gran,or being Hon. ]. X. Lewis.
There are seven dwellings, on the property
and the new proprietors are now improv-
Ing IL. Besides these two transactions M.
Eonover said they were yesterday winding
up sale Of the Mechanics Mil and i+um-
ber Company property, on the tide lands,
TO Moran Bros for ti6pa3 and they have
just sold TO Harry Kaufman lot 10 feet
square az the southeast corner OF Eighth
avenue and Madison street for sf2,51a. Mr..
Kaufman is the proprietor OF the town
site OF Republic and one Of the leading
mining men of that district. Another large
sale recently made by them was the Goseh
interest In the Union block on Front street
for 5000 cash. The purchaser was Frank
r.. Hubbut. capitalize OF New York. who
bought the property fer an investment.
Words of an Opfimist.
J. A Moore. % the Moore Investment
Company said. II am ar optiIlist on the
subject OF SEATTLE and its future and be
neve so strong IN It's future greatness rs
We'll as IN the substantial character or It's
present development thai and people act
ing with me have IN the past twelve
rneuthx invested over s5nnea IN Seattle
real estate We are getting constant In
qures from the East and IN the last ten
days have had more requests fer good
business Investments than in ninety days
preceding. There is no. only de-
ulsand for downtown property. but for
dwellings Among the Noticeable improve
rients going on In the residence section
mention may he made Of the University
heights. where streets and sidewalks are
nsing opened and IA parking system adopt
ed Contracts have bean lee in the las.
,sa or three days for 500 residence for
President Graves and one Of s.. 80 FOR Prof
r4aadsss"
Among the recent large sales Il the south
east corner OF Second avenue and Union
street sor $50 esl The property ia sold by
Andrew ABB 80 i.ag Moore investment Com
pany and q III Whtteorlb ot Boston,
Plans have been aaopfstis-asi contracts VII
be made next week for the erection 81
three Story brick building for business par
poses covering tire estire lot. I'D feet
square.
Mr. Moore showed = letter from Dr. r
T. f.sncain Of New York. I'm which wss the
declaration that he IS better pleased with