The San Francisco call., 1899-07-22
REAL ESTATE
MARKET SHOWS
|MPROVEM
Brokers Expect Early
Revival.
ONE BIG SALE Is REPORTED
T. J. REAGAN PURCHASES DOWN
TOWN PROPERTY.
n11.
)NE BIG SALE Is REPORTED
T. J. REAGAN PURCHASES DOWN
TOWN PROPERTY.
Loan of Nearly One Hundred Thou
sand Dollars Is Made by the
Whitcomb Estate at
Six Per Cent.

"HE midsummer quiet and dullness
of the realty market was broken
during the past week by the sale
or property on the southeast cor
ner of O'Farrell and Powell streets
to T. J. Reegan for 1863, 500 This is the
same property recently purchased by M.
A Gunst for $58,5 800 from the Donald G.
McRauer estate. 1t has a frontage of
eighty feet on Powell street and twenty
five feet on. O'Farrell and is occupied by
a tWo-story building. The sale was made
through A. NJ. SpeCk & Co.
While this is the largest real estate
transaction reported for several weeks the
past week shows a slight Improvement
over preceding weeks, several fairly good
sales being put through, including one By
A. NJ. Speck & Co, who sold the old hotel
property on Turk street near Market for
w. o. Watson to A. w. Deming. The lot
is "a :41hx137:6. occupied by a number Of
frame buildings, and the price paid is said
to be in the neighbOrhood of 100000. The
smaller sales have been quite numerous
and the brokers predict a brisk business
after the close of the summer vacation
due to the action of the Hibernia Bank
in reducing its rate Of interest on loans
to 6 per cent. Since. the notice of the re-
ductiOn was issued the bank has loaned
about $4,000 in small amounts and the
WhitComb estate advanced $4,000 to
Thomas j. Reagan at the same rate. Sc
cured by mortgage on the property at the
corner of Powell and OFarrell streets.
The following list of sales reported dur
ing the past week or ten days Will give
a fair idea of the present condition of the
real estate market:
Thomas Magee & Sons report the sale
of the lot and improvements on the north
erIy line of Broadway, 80 feet west OF
Fillmore, 32:6x127:6 at 1925 per foot; un-
improved lot on the east side of Polk
street between Washington and Clay,
25x1276 for $500: lot on the east side of
Masonic avenue between Waller and
Frederick streets, 27:6x60, for s1075. Henry
E Holmes has purchased the property on
the northwest line of Folsom street, N6
feet southwest of Third, for 81, $50.
Mary Junken has purchased of Herman
Murphy. Sylvan Schnaittacher and 9TH
ers the lot 25x120 on the south side of
McAIlister street, 80 feet east of Buch-
anan. for $500.
Willard " Huntington has purchased
of the estate of Clara Wilson the prop
erty on the southwest corner of Twenty
third avenue and A street, lot 6o0xll0, for
81 120.
Henry Babcock has bought of l.. H.
sly the lot 50x112:6 on the southeast cor
ner of Vallejo and Scott streets. the
purchase price was about $4,000
William Smith has purchased of j. d.
Spreckels & Bros. Company property on
the east line of Dolores street. l22 feet
south of Homer. 306x117:6, and also lot
on the east line of Dolores street. 1916
feet south of Homer, 30:6x117:6
Antoine Borel and wife have sold to
Rudolf Sprouete a lot on the east line of
Twelfth avenue. $50 feet south Of Lake
street. 25x120 feet in size.
Property on the south line of Green