The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-06-25
MARKET is ''FINE''
This Was the Expression Used
by Land Man.
Lots Have Been Selling Like
Hot Cakes.
f. E. PARR TALKS.
Says Future Building Will Be
in City's Outskirts.
Many New Homes Are in Course
Of Construction.

AAAC, was the expression OF one OF
the realty men in referring to the
general condition of the land market.
Lots have been selling like hot cakes,
two firms having disposed of nearly a
hundred numbers during the past
week.
Optimism generally prevails among
the property sellers although there is
still man here and there to be found
who complains of "hard times" but
these isolated individuals are the sort
of fellows who always look over into
somebody else's calf lot, and swear
that the calves over there are better
than their own.
Figures count. and there are figures
galore, to prove that there is some
thing doing" in Topeka in real estate
and building circles.
Rodgers, Davis & Company have
sold the business house at 1888 Kan
sas avenue belonging to Kelly & Kelly
to Wegele Brothers of Idaho for the
consideration of $4,000, and also the
adjoining store property belonging to
a Boston man for the same parties for
$4,000.
These sales are Significant" said
Mr.. Rogers, las the purchasers saw a
future in Topeka and invested for
speculative purposes.
"EI drove recently 400 miles in an
auto in Oklahoma, stopping in Okla
homa City. Oklahoma City is a fine
place but a man can invest from
$1,000 to $4,000 in Topeka and can
get from 8 to per cent more On his
investment
During the past ten days 30 lots
have been sold in the Lakewood ad-
dition, and the work of construction
has commenced on five homes for the
following men: Grant Shanks, 8. J.
Britain, L. w. Lane, J. A. Hollenbeck,
Charles NJ. Turner.
w. J. Rickenbacher sold q room
modern cottage, the property of c. F.
for $500; sold to c: F. Rickenbacher
one and a half lots at 1906 Central
Park avenue for $3.50; purchased
from Milton Compton cottage at Fiji
teenth and Polk street. C. F. Ricken-
bacher expects to Immediately build a
$4,000 home on the lots purchased on
Central Park avenue.
N. B. Burge & Company during the
past week have sold so lots in the
Elmhurst addition, and about % adj
ditiona1 lots have been sold in this
section of the city by other dealers.
This firm has sold three lots at the
corner of Sixteenth and Clay streets
facing Central park, belonging to DR..
Anton Rupin, to Dr.. c. L. Williams,
who is preparing plans for the erec
ton of a $4,000 residence within the
next few months. The money consid-
Grafton was s2,26o. The W. H;
room house and a fraction over five
lots at the corner of Clay and Second
streets was sold for $500.
Here is what F. q. Parr. the real
estate man. has to say in regard to
Topeka property:
up to the present time men of oapi-
tai have not adopted the idea of build
Ing fine houses on the outskirts OF the
city. In cities of $4,000 population or
more the tendency is to get out away
from the hurry and hustle of the me-
tropolis.
NOW Topeka has outgrown the
IDEAS of a country town and within |
ten years we will see fine residences !
springing up from one to three miles |
from the business district of the city. |
There are a great many most beautiful ]
sites for homes in the vicinity of To- |
peka If the people only realized it..
1.-The banking interests of the coun- |
Try have made an effort to discourage |
Investments. but now money conditions !
are beginning to ease up in the east, |
and 1 look for them to be normal by |
September.
'In Topeka the realty market has
been somewhat affected by the gem
sral existing conditions, and 1t has
been necessary for some of the firms
% sell property by lending the money
1t per cent, or rather on the in
;tallment plan. While the Topeka peo-
pie are satisfied that local land in
Jestments pay, still many people have
heir ready money tied up, and are
glad to purchase property in this way.
Notwithstanding the tight money
conditions, there has been no let up in
he building of residences in the city,
ind this speaks we'll for the prosperity
If Topeka"
This week the building permits is
ued at the office of the fire chief ag-
,regated S1S,820, which brings the
otal thus far for the month up to
$4,000 in round numbers. Permits