The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1906-04-25
Local News.
EDA ESUAi, APRIL %, 1906.
Real Estate in Anderson County.

The Columbia State publishe.. O.
"Real Estate Edition. Thursday morn
ing, in which it gave q full review of
throughout south Carolina. Facts and
figures were given to show the remark
able increase in land values, an in
crease extending to the country dis
tricts IN well us to the towns and cities.
The following from tho lUcat CORE
spOndrnt OF The State gives some idea
ut the situation in AndcrnOn County,:
"Iho city and county ot Anderson
sllage about equally ~ the general
prosperity that ha. come from the
rapid growth Of material wealth. At
no prilod in the history of this section
has there been such healthy spirit
Oh growth, OF steady progrcSsiyeucss
and OF activity in all kinds Of business
ana among the prupie of every pursuit
and calling. Ihu farmer and the
mechanic, the merchant and tho manu-
facturtr, are tIiialIy prOnpttous. There
ls no surcr evidence OF this than ls
found IN the rapid advance of values
III real estate in both city and county.
'lnkIDg the county as u whole, farm
lands have doubled in market value in
the last iiye ycalS. The prevailing
p1lce is from $40 to $50 in acre in the
more remote districts. Farm lands
near this city and near tue smaller
towns OF the county, by reason OF their
location and the natural advantages
they possess, bring a much higher
price. One hundred dollars per acre
would be fair estimate OF their value,
Near one OF the smaller towns in the
county u tract of25 acres, which is used
only Tor farmlng purposes and which
ID little above the average in quality,
sold recently foC 800 an acre. This is
only an instance Of many sales Of the
samo kind: Farming iands adjacent to
the city OF Anderson bring, OF course,
larger price, dependent entirely upon
iocatlon' improvements and other
"ln Anderson particularly real estate
has shown phenomenal advance. The
boom spirit ia absent, and values are
based on the demand tor more homes.
Last year about $50 new houses were
built in the city, half Of these exceed
Ing $l,0O0l IN cost of construction. The
activity IN building still con ntinues, and
iand values are consequently still in
Grensing; Most OF the improvements
III tho CITY are due to new buildings,
particularly dwelling houses. The
books OF the city treasurer show az in
crease OF approximately S275,0O0 over
the assessment Of the previous wear.
and taking the low assessments as q
basis this would mean nearly q million
do!iars increase in taxable property.
"PrObabiy 200 lots or more were sold
to home seekers in the city in 1905.
The majority of these were purchased
by !aboring people for the purpose of
building comfortable homes. Some
trnnsfers of valuable property have
also recently taken place. Arlington,
the home Of Gov. Orr, was recently
sold Dy lts owner for $4,000. A few
years before it was bought for $40, 1000,
and at thac time the price vas eons
siderea rather high. This piece of
property Increased no faster in value
than other property Of the city; in fact
the ratio Ot Increase, taken as IN aver
age, would be several times higher. In
the space of one year desirable lots
have doubled in value more thnn once,
Men OF good judgment think that
real estate in both city and county will
appreciate 10 value much more even in
the future than it has in the psst. This
belief Is based upon substantial
grounds. Farming lands. with good
prices prevailing for cotton ard other
farm products, nre in greater demand
and yield larger returns to the owners.
Building lots in the city are ii. demand,
because there are people who want
homes and must have them. The ad
vance In real estate values ia founded
on reel haeia end nor nn aeaire snr
mere speculation"