The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1899-04-15
INCREASE
IN VALUES
Seattle Real Estate
in Demand.
-=s~-=~=-a~---=n
MANI LARGE PURCHASER MiDE
Outside Timber Lands aiso Find
Essy Purchasers at Good
Prices.
MANI LARGE PURCHASER MADE

There Is every Indication that
Seattle Is entering upon the most
progressive real estate epoch In her
history" remarked James N. spark
man. the well known member OF the
frm Of Sparkman & Mclean.
1T Is surprising. the " ay in which
things are now moving. Three years
ago Seattle had not recovered from
the effects % the panic Of IS. caua-
Cd BY the failure Of the flaring Bros.
In London. Real estate throughout
the United States had suffered most.
and holdings ON Puget sound were
no exception TO the rule. Fine
building lots in Seattle and other
property declined in value 10 mere
nominal figures. II real estate
agent tried 90 sell piece Of prep
erty during that time Of depression
he could count upon almost certain
failure
Then came the change. Tive
years sgo things began picking ur
In this city. while In other parts of
the country business depression and
lew values stili prevailed. The news
OF the great geld discoveries In
Alaska brought thousands 20 So
attic TO outfit. aud the wheels af In
dustry and enterprise were seon
moving at top notch speed Not
all Of the people who came from the
east. however. went 70 Alaska.
Many % them became enamaured
with the advantages Of Puget sound.
and decided % locate la this city.
Sites for homes were In demand. ard
real estate took an upward tendency.
1t is today steadily increasing In
value. from the center OF the city to
the suburbs. Tisic lands south 81
the business section are selling at
Eood figures. and are In inersas-
IN demand. A ierEe niece n prop
erty in the vicinity ~ the centen-
ntai mills has recsntiy been pur-
chased by J. A. Moore.
L. G Smith. of the Smith Premier
Typewriting company % Syrg>usr.
NY has bought the brick Mock
on the corner Of First avenue south
and Occidental avenue. which form.
srly belonged 60 ex-senator watson
c. Squire and " u. iafimer. for
sss.0oo.
'-Twenty-six feet frontage Of three
enus and Post street. belonging 70
Fred Gasch. sx-eoanty commission
er. has recently been sold to an east
ern party for $4,000.
There = a good demand Tor loes
on which 60 erect residences which
fact may be Illustrated by ths NUN
her II homes being built all over thss
city. Lots in the residence portion
Of the city are selling all the way
from 1900 II $500.
The price. Of course. deprntis-
largely upon the location Of the
property. Lots and residences .sts-
mated at the highest value are To-
Gated In the vicinity Of Madison
street and Eighteenth avenue. ana
then south as FAR as James street.
Along T1ke street In the business
shoroughfare. property Is valued Al
from t11.oa1 70 f2s.Ooa- out in the
vicinity Of Lake Union. East Denny
way and Broadway. property ranges
In values all the way from 1900 to
1850.
As an illustration Of the increase
in the value Of real estate during
the past year. the purchasing Of
the Oriental block on Second av-
enue by Hamm & Schmidt. prophet
ors Of the Hotel Butler may be
taken. The property was owned hs
J. X. Lewis. and vas sold to Hamm
4 Schmidt for $1,000. I have since
heard. and know II 20 be "A fact.
that they have lately refused TO take
$1,000 for II. They have turned
the building into a lodging house.
and are doing well by the transac-
fion-
There r. also n big demand FOR
timber lands located In tn. vicinity
Of the Straits Of Juan de Fuca and
the lower Sound country. Recent
~ we have sold 10000 acres Of this
land 90 eastern PARTIES for prices
ranging from - to si2 Ter acre.
OF coal lands located IN King coun-
~. we have sold 1000 acres 10 east
ern people at so per acre. Proper
ty in the suburban towns like Rem
ton. Columbia and Georgetown. Il
increasing in value. and as the i'm
migration from the east continues
and the farming people continue 20
settle about those places. the
value Of real estate whereabouts will
steadily increase.