Omaha daily bee., 1909-05-09
REAL ESTATE GOSSIP
Hundred Thousand Dollars Worth of
Property Changes Hands Weekly.
AVERAGE MADE IN SMALL SALES
New Additions stimulate Buying and
building UntiI 100 Promises to
Break Record for Transfers
and Building.

baAtH VI AtAA t6AdNg nave CQuElnutu
throughout the week-active, though not
booming, averaging about $4,000 to 800, 900
per day, so far as a record can show the
considerations This Is at the rate OF
100000 to 100000 per annum, which is
considered good selling in cities much
larger than Omaha. The deals made rep
resent a large number, not large deals. No
one owning a building or vacant property
worth over $4,000 appears 10 be dissatisfied
with the investment and II is hard for
dealers to get property now and then
which they want for other clients and the
expanding business district.
The Payne Investment company started
it's first excursion to western Nebraska
his week. where the company expects TO
sell 1900 acres of land before January ],
1910. Returning Saturday, President George
Payne wired the office, "Forty-seven
Joined our party, sold 1900 acres for S1S5,-
OoO." This is on the average Of SIS per
acre. the price Mr.. Payne and Edward
cudahy Of the Tri-state Land company ex-
pected to get for the land when the con-
tract was signed to open and sell the
tracts.
Payne & Bostwlck opened Baltimore
Park addition the last week and sold all
but three lots out of a number at South
Sixteenth and Frederick streets. The ad-
dition proved an exceptionally attractive
proposition. lots selling for from S25 to
,A5T5. The tract is three blocks south OF
Houth sixteenth and Vinton streets and
will be the scene Of building activities
shortly, as three buyers will build at once.
Something Of the activity Of Dundee may
be judged by the showing made by prop
-. .IA.a nANnA
gas in the blocks between Fiftieth and
Fifty-second streets, on Capitol avnue. A
year ago or less there was not a "shanty
on the two blocks. When the owners Of
the lots asked for gas connections they
were enabled to guarantee that twenty
four residences would be using gas from
mains laid to the lots by winter. Five OF
the houses are already erected. five are In
the course Of construction, while building
permits have been taken out for the four
teen other homes to be erected on Capitol
avenue. They will cost from 5000 to se'oW
The lots have been sold largely by George
& Co.
Charles NJ. Garvey has bought the south
east corner Of Thirty-eighth avenue and
Cass streets for 1900. the sale being made
by the O'Keefe Real Estate agency. Mr.
Garyey is having plans made for an $500
oNNA ~
1 residence which will be started at once
The lot is one Of the choice corners II
o'Keefe's HIllcrest addition, which wal
bought from DR.. E r. Porter and c. Fl
Walrath, who plated the addition.
". II. Nichols, A. s. Peck. DR.. Harriet
Lindt and George F. Abbott have bough
homes at Fffty-first and Dodge streets
where the Payne Investment company ha'
invested $40, 900 in the last five months de
' v~eloping the property. The company VII
now erect a residence of sar dstone quarrie'
az Louisville. Neb., which will show
number Of new ideas In home building.
For the first time the Byron Reed com
many will open an addition and sell TN
lots on the popular partial paymen
plan" The addition is between the bel
line and Thirty-first street, the BoulevaT'
and South Omaha line, and viii be know
as summit" addition. Here the compan,
has over four blocks of vacant lots whicI
win be sold SO down and IS per month
The highest price lots is under 800
Suburban property continues popular an
the further out It Is the more In demand
from the experiences of the Payne Invest
ment company, which mas sofa All put VI
OF ninety lots in Keystone Park and thirt
new residences have now been erected. tn
original tract consisted of 52 acres, an
this was divided into acreage tracts G
from two to ten acres, 1t is west Of Ber
son.
The George 2. Bemis Real Estate CON
pany Is making a speciality of handling Gu
oftnutp propartN whether II he a farm
South Dakota or a hotel in Wyoming, an
this line of business is being developed
a considerable extent by the agency
Omaha. During the week Mr.. Benz
demonstrated that the line was easi
handled when he sold the Osborne hot