Omaha daily bee., 1909-02-21
TIMELY REAL ESTATE GOSSIP
Paxton Ranch, Divided Into Farms,
Brings Over 100000.
OTHER TRACTS ARE WAITING
Western Nebraska Ranches Deins
Opened for Settlement by Farm
ers Attract Eastern Capital
for Irrigation Projects.
OTHER TRACTS ARE WAITING

The Paxton ranch in the North Platte
valley has been sold for $4,000 and the
record mad IL 80 satisfactory and looks
20 inviting that other large tracts in the
vicinity Of Paxton. Keystone. Northport
and Big Springs are 70 be cut into small
farms and sold Just as the Paxton ranch
was 'retailed."
The Payne investment company Of
Omaha handled the Paxton property and
sold the 10000 worth of property in q
little more thar a month-s2So,O 600 worth Of
81 during J-anuary-HS,OOO during the first
week in February.
Originally the Paxton ranch consisted Of
$500 acres. The owners began an lrriga-
ton ditch and agreed to water most all
the tracts which the big ranch would make.
About 100 people bought the tract. paying
from SIS per acre for lands which are
above tho ditch to si@ per acre for lands
under the ditch and near the town site OF
Keystone. Ths average price was probably
80 per acre.
agent of the company who handled the
Paxton ranch deal, and is ready to open
1000 acres more south OF Keystone. THE
~ Whp Wi wv W NA0 Nv NdNh
Tuesday were quick to see the possibilities
OF the irrigated lands and 1t was no un-
common thing to close a deal for 100 acres
OF and In twenty minutes. The and In
western Nebraska Is really a first-class
investment and the sugar beets, potatoes.
mail grain and corn which that old Pax
ton ranch will produce next year will sur
prise the old sad soils OF the so-called
Agricultural regions
SCOTS Bluff county is to be the scene Of
activity In irrigated farm lands, accord
ing to land agents who are watching the
map for . township or two which they can
cut up into elght-acre farms. The Morrell
county lands win last for about W months
at the rate the Paxton ranch was sold, and
then the agents viii have to turn their
energies to other lsnds. Such sales are
having an influence on capital which is
seeking investment in irrigation projects,
and more are being planned as the farmers
show the land hunger and wan to get UNI
der ditcheA
Dundee showed there was nothing too
large for the suburb when an election held
during the week voted unanimously to
issue 1900 more Of sewer bonds, making
sa,6oo altogether which the suburb has
invested In sewerage. But Dundee can
afford TO make the Investment from all
appearances. An interested dealer who
made an investigation recently, declares
there are more than 100 attractive. II not
beautiful, residences in the suburb. many
OF which have been erected In the last two
years, One company now has twelve lots
between F1fty-first and Fifty-second on
Dodge streets, where six bungalows are
being erected which will cost from 5000
TO $4,000 each The Investment represents
$4,000 put IN tho suburb at one time and
means more because six new families In
all probability occupy the houses, two
having been sold to people who have made
their home down In the city.
The tnterurban era may have started
in Omaha The Nebraska Traction ana Power
company which has built a line from
South Omaha to Ralston along West q
street, now proposes to extend It to Papil-
Hon. perhaps further to the south and west
down across the Platte river into Cass
county, where only a branch of the Mis-
souri, Pacific permits people to come TO
Omaha, whenever the line can get a train
through. h project promises many
things for real estate dealers and they arc
looking at farms In sarpy county which can
be cut into small tracts. All along the
line such farms will be in demand ana
there is no better section OF the territory
around Omaha through which to build an
interurban line, in the opinion of dealers
than Papillion, south west to Springfield
Meadow, Louisville. then south and east
to the rich country north OF weenin9
water, or southwest from Louisville con-
Meeting Murdoch and Elmwood. From
some points on the Lincoln line Of the
Missouri Pacific, only thirty five or forty
miles from Omaha. It is impossible FOR
people to get into this city and return the
same day. Real estate dealers saw what
the retail interests OF Omaha and the cltv
In general needs. as a neglected garden
needs hoes Is interurban railway lines.
Keystone park. the largest tract ever
opened near Omaha to be sold in small
acreage tracts. has all been sold but thirty
acres out Of $50 acres, originally compr,s,ne
the Paxton farm. It is one of the beauty
spots about Omaha. and at present there
are thirty new houses on the tract with
more being planned. The park IL west ~
Benson on the paved road and the streets
OF the park oiled, making the suburb
one which attracts automobilists.
Eight blocks OF the main street OF Flor
enee are to be paved during the coming
season which means many additions TO the
business section OF the city and an inn
provement which will make the suburb
more attractive as a residence place. -Four
new buildings are promised at once. "a
tho owners OF the lots will not sell them
unless the paving is done. When this Is
done Frank Pascaie has signified his inten-
ton Of taking the lots and building on
them.