The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-04-04
MANY new HOMES
Cottages Erected Almost Daily
in Santa Fe District.
Real Estate Firms Anxious to
Advance Money for Building.
FARM LAND IN DEMAND
Eastern Farmers Want to LO-
cate in Shawnee County.
Topeka Rental Property Is a
Paying Investment.

Among the new additions to the city
which have recently been plated is
one. or rather two separate tracts near
the Santa Fe shops owned by C. r.
Jones which have shown a remarkable
Transformation for the period Of time
which they have been on the market.
The property which has been used for
farming purposes since il was purchas-
ed by It's present owner about 80 years
ago lies one block east of the new ad-
dition to the Santa Fe shops
1t was plated about the first of the
year, though the lots were not placed
on the market for some weeks after
that time, nor an effort made to i'm
prove the addition. Since that time
seven cottages have been completed
and sold 10 the families now residing
IN them and church built Mr.. Jones
was offered $1,000 per acre for the land
before il was plated but he preferred
to build houses on the property and
sell the lots and homes to men Of fami-
lies who would occupy them.
There are 200 lots in the addition pro-
per and 40 lots in the annex. The adj
dition IS being handled by the Topeka
the Veale block. of which Mr.. Jones is
the president and treasurer and ]. 7.
Mclean the secretary and manager.
We have been agreeably surprised
q
since the addition has been on the
market" said MIR. Jones, and at the
present rate the lots are selling IL will
be but a short time until all of the
most desirable locations are disposed of.
Our plan is a little different from that
of others who are handling properties
of this kind, inasmuch as we will build
homes for men who can furnish the
proper recommendations, without dol
lar OF cost to them.
IF they can furnish the proper ref
erence We do not e-en ask them to
buy the lots on which the houses are
TO be erected. but Will build them a
home according to their plans and per
nit them to pay out on IL in monthly
payments in lieu of rent The tract Is
a desira BILE one for Santa Fe shop men
on account of its proximity to the
shops. and it IS from these employees
that we expect TO populate the dis
trict
Besides the houses which we have
already completed we have plans for
a mum Der of others which will be built
as soon as we can get men to do the
work for US Our plan offers to the
honest mechanic an opportunity to own
his home from the moment he moves
into II. by the payment OF monthly in
ia 'lments which amount to the rental |
which he would be compelled to pay
Tor property somewhere else
That resident property in Topeka is
remarkably cheap when the advantages
by the comments OF outside real estate |
dealers who visit the city, and prospec- |
tive purchasers who are plentiful Re
ferring to the real estate proposition |
Square Deal Realty company of 521 /
Kansas avenue said:
i VIII just quote you conversation /
had yesterday with man who has
but recently moved TO Topeka. He has /
In the past been a large farm owner 1
In Shawnee county, but during the !
past year or so has dealt extensively
In western Kansas land as an invest
ment
He said: Z have disposed Of all Of
my farm property IN this county. as
we'll as all Of my holdings in the west
srn part Of the state. and have invested |
TT rental properties in the city and /
they are paying me 10 per cent net on
my investment
The experience Of this man is like
wise that of others. and we are re-
ceiving inquiries daily from people /
In all parts Of the country asking
for Information about real estate in 1
Topeka They are listing their prop
erty with US for sale or for exchange
FOR realty In this city, and say that |
they want to sell their property so that
they can move to Topeka TO live.
The recent advances in property in
the city are marvellous. but when one |
stops TO consider the wonderful strides
which the city has made In the past
three years IT Is not to be wondered at:
and the properties are only selling at /
their true value and many Of them are |
bargains at the prices asked for them
while the unusual activity seems to |
apply more especially TO city property. |
there IS a heavy demand for farm
This demand would IN
doubtedly be much greater IL IL were
not for the boom which is on in the |
western portion OF the state. where /
there is so much cheap land on the i
market Then the fact that the rail- |
roads are running excursions to that |
part OF The state stimulates the trad
ing there. and the tickets sold for these
homeseeker excursions will not permit |
the purchasers to stop of IN the east
ern section of the state"