Omaha daily bee., 1906-04-20
ACREAGE PROPERTY MOVES
Farm Land Adjacent to Omaha Changes
Hands at Good Prices,
WILL Be CUT UP INTO TOWN LOTS
FOrty-Acre Tract north of KruE
Park t. sold for Three
Hundred Dollars an
Acre.

Another boost was given suburban acre
age property Thursday morning, when
Hastings & Heyden and Carvin Bros. closed
deal with w. W. Morsman for the
forty-acre tract north of Krug's park.
At the east side, along the road, the
property is separated from the park by
a five-acre piece, but in the rear II joins
the park. The price paid was $4,000,
or 5000 an acre. It is considered very
cheap in comparison with the Brown
forty. a short distance east, which 10
farther from the car line. is not on the
county road as the Morsman tract is,
and is partly low ground. The Brown
tract is said to have brought $4,000.
Hastings & Heyden and Garvin Bros.
will cut the property into acre and half
acre lots and ordinary city lots, and
place 1t on the market this spring.
The name Of the purchaser of the
Henry Rieck forty, a half mile north
Of the park, has not been announced.
1t is understood to be a local real es-
tate firm, which will place the land
on the market in small pieces this
spring. This, Of course, is not so valua-
bic as the Hastings g. Heyden purchase
being farther away from the car line,
but the price mentioned, $4,000, is a
good one
The real estate fraternity at large has
no Information yet as to the identity Of
the buyer of the Brown tract. One Of
the realty men recently wrote Mrs
Brown, at Philadelphia, asking about
the property, and he received an answer
saying # had been sold.
The last two weeks has seen some
! lively sales of acreage property, as the
demand is increasing, and the desirable
! pieces at a reasonable distance from
the city are getting scarce. Another
section which is feeling the activity is
| the vicinity of Elmwood park, which
is recognized as a delightful location
| for country homes. though it is far
from the end of the car line.
Highest Price Paid.
! II was in the park neighborhood that
Harry L. Busch paid David Reed $1,000
| for something over twenty-five acres,
| the highest price paid for land at that
distance from the city since 1887, when
the Elkhorn paid $500 an acre for about
! 1870 acres west of the park. A short
time ago Lewis Reed sold twenty acres
in that vicinity to George Payne at $500
an acre.
Peter lessen, jr., representing the
| Dodge syndicate, has sold to Harry
MarowitE the house and lot at the south
east corner OF Twenty-fourth and Dodge
streets, which was bought about a
month ago by the syndicate from the
Northwestern Mutual Life Insurance
company for $500. The consideration
in the recent transaction is not given
out, but the property has again been
placed on the market at a $4,000 figure
1t is reported on good, authority that
! the Northwestern how at the north
east corner of Sixteenth and Webster
streets, has been sold. Thomas Bren-
nan is agent for the property.
The Byron Reed company has sold
to Mr.. Billings a lot at Thirty-third
and Harvey streets. Immediately west
of the new exchange of the Nebraska
1 Telephone company. Mr. Billings paid
s1.75O for the lot and will build on 1t g
| $4,000 residence.