The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1905-06-19
BUYS PROPERTY
FOR FINE HOME
Millionaire Mine Owner of
TonOpah to Erect $4,000
Residence in Oakland
DEMAND FOR HOUSE LOTS
Alameda County Real Estate
Dealers Report Many In
quiries From Outsiders

OAKLAND, June 1s-One Of the larg-
est investments in Oakland residence
property Of the present year was made
last week by Calvin Bropgher, a Tono-
pah millionaire. He purchased fifteen
acres OF land on Claremont avenue. oppo-
site the handsome Buffers residence, and
will Immediately begin the erection of a
beautiful home The plans for the house
have already been prepared by John Co
nant. a local architect, and the contract
was let last Friday for all the work on
the new structure. The specifications call
for a ten-room house TO be thoroughly
freproof and modern in every respect.
1t viii be constructed of brick and gray
stone, and the inside finish will be en-
tirely OF hardwood
Twenty thousand dollars will be spent
in the erection Of the new residence 1t
will be occupied as soon SIS completed by
Mr.. Brougher and his family. 1t is IN
derstood that the price paid for the prop
erty purchased by the NINE owner was
Sc, 900, and this added to the cost Of the
residence to be erected represents an in
vestment of $4,000. The new owner of
the property is one of the owners Of the
famous -Tonopah mine in Ne
vada, and is a member of one of the
wealthiest syndicates of the Sagebrush
State.
MANY HOMES BUILDING
During the last week there has been
q slight lull in the demand for business
property IN this and the other cities Of
Alameda County, but this has been more
than counterbalanced by the increased
number of inquiries for residence prop
erty in all parts Of the county. Prominent
real estate men say that fully so per
cent Of these inquiries come from people
who are either non-residents of Alameda
County, or who have recently come here
from other parts Of the State or from
the East. There has been a steady in
crease in the sale Of med;um-sized resi-
dence properties since the opening of
the present month, and just now there
is nothing in the condition of the market
to indicate that there will be any falling
on in the volume Of business for some
time to come.
In no locality has the recent develop
ment of Oakland been so marked as in
the tracks along the new lines of the Key
Route system, and in nearly every case
where property in these tracts has been
sold the purchasers have at once begun
the erection of homes on their lots. As
rule the value of these new homes, with
lots on which they stand, is from $500
TO $1,000.
KEY ROUTE DEVELOPMENT.
HOlcomb, Breed & Bancroft have just
placed on the market another large tract
on Fifty-fourth street. just west of Mar
ket. This tract contains twenty choice
building lots, all of which are within less
than five minutes walk Of the new Key
Route depot on Fffty-fourth street, be-
tween Adeline and Market This firm re-
ports the sale Of hfty-two lots in the
various Santa Fe tracts in this vicinity
in the last two months, on all Of which
new homes have been erected or are now
new homes have been built by people
from San Francisco.
Highland subdivision of Adams Point
has just been placed on the market by ].
H Macdonald & Co., and already a num-
Der Of lots have been sold to people
wishing to locate in one Of the choice
residence sections of the city. The prop
erty embraced in Highland subdivision
lies IN the elevated portion of what is
known as Adams Point, and affords one
OF the best views Of Oakland and the
surrounding towns to be found within
the limits of the city.
Wickham Havens has recently pur-
chased tract of thirty acres in the
vicinity Of Piedmont and Moss avenues
from the Pope Estate Company and H.
and w Pierce. This tract, which is
called the Fair Oaks. will be at once SUBJ
divided into building lots and placed on
the market.
The E. p. Vandercook Company reports
that during the present nlUnth there has
been a noticeable increase in the demand
for residence property of all kinds, and
that many Of those seeking homes in
Oakland are people from other parts Of
the State or from the East.
AL Kreiss Of the firm Of Kreiss &
Horswin reports several fair sales Of
residence property for the last week, and
saws that never before, since he has
been engaged in the real estate business,
have there been so many inquiries for
property OF this class in Oakland