The San Francisco call., 1899-01-26
REAL ESTATE
is STEADILY
PROGRESSING
Big Sale of the F. A.
Schwartz Property.
MOST IMPORTANT OF THEYEAR
1T INVOLVES THE ESTIMATED
PRICE OF 100000.
A Complete Review of Realty Rec
ords, New Building Contracts,
Recent Sales and Gen
eral Notes.
MOST IMPORTANT OF THEYEAR
1T INVOLVES THE ESTIMATED
PRICE OF 100000.

Rapid development still characterizes
the world of realty. Everywhere, both in
the city and Throughout the State, a
marked Improvement is reported in real
estate. In addition to the increase of
sales property is receiving a better price
than formerly, which fact alone conclu-
sively proves that the period of business
stagnation that has characterized the
market for many months has been sub
stituted by healthy condition of pro-
gression.
In the local market the present week
was commenced with the negotiation of
one of the largest sales that have been
recorded for nearly year. The sale con-
sists of the property on the northerly
line of Ellis street, fifty-hve feet west of
Jones. 1t comprises an area of 1916 feet
by 120 feet. Erected upon it is a five
story brick building which runs the full
length of the lot, terminating at the small
street that runs directly in the rear The
property was bought through the agency
of A. NJ. Speck & Co. by L. H. Sly from
its former owner, F. A. Schwartz. The
estimated price paid for it is S100, ,000
which was given partly in cash and the
exchange of other buildings owned by
Sly. The interest on the investment is
said to be far greater than that usually
paid on property of this kind.
Building operations during the past
week were greater both in number and
value than those recorded during the pre-
ceding seven days Many contracts We're
let for the erection of buildings in nearly
every section of the city, which indicates
a general improvement and diSsipates the
old theory that building is destined to be
restricted to but few favored districts
Mortgages for the week were fewer in
number and value than those recorded
during the entire last quarter of the past
year.
During the week there were fifty-nine
mortgages and trust deeds recorded,
III. For the same period fifty-two re-
leases and reconveyances passed to record
in the total sum Of $184, ,470.
The principal mortgages and trust deeds
are as follows: By the Mutual Savings
Bank to A. s. Baldwin, $4,000, for one wear
at 6ia per cent, on property in Western
Addition Block 238, situated on the south
erly line of Washington street 70:10 feet
east of Buchanan, east 1874 by south 100:
by Richard N. Hotaling to. Jean de and
gelique de L. de Poleniere and Romaine c.
de Boon, 5000 for two years at per
cent on property in the 50-vara block So
situated on the northerly line of Clay
street, g:6 east of Kearny, east 20 by
north 1883; by Ferdinand Refs to Robert
50-vara block PAL. situated on the south
east corner of Washington and Reed
streets; by the Hibernia Savings and
Loan Society to Julia McSweeney, sS69l
in Mission Block 100. situated on the
southwest corner of Thirteenth and San
chez streets, west so by south 100
The principal releases and reconvey-
the Mutual Savings Bank to A. s. Bald
Addition Block 238, Situated on the south
erly line Of Washington street, 7O:10 feet