The San Francisco call., 1910-02-05
Pacific Seeks a Level Roadway to The Wafer front
GOOD BUSINESS IN
MONTH OF JANUARY
Real Estate Sales Amount to
$2,273,000 and Loans Ag-
gregate $3,946,Sz5

Thomas Magee & Sons, in their real
estate circular for January, report that
the sales of real estate in San Fran
cisco in January amounted to s2,562.-
zoe. and that the building operations
s2.27S.o44. The loans
to s3,946,S25.
The transactions in detail are de-
seribed in the circular, as follows:
During the month Of January 75S
sales of real estate were recorded
for total of $685.. .106- 1T is wOr-
thy of comment that. nOtwith-
standing the fact that there were
no large sales recorded during the
month. the total for the month eX-
ceeded the total for six of the
months of the year 1909 and was
we'll up to the average monthly
sales for the year 1909. The ac-
,tivity in real estate during Janu-
airy was equally distributed with
the exception of the so vara dis
trict. where the number of trans
actions and the amount involved
were smaller than usual
The largest sale recorded during
the month was that of the block
bounded by Hayes, Grove and Ash
bury streets and Masonic avenue.
Francisco for site for high
school for a total of $116,500. The
south side of Eddy street, S7I6 feet
west of LeavenWOrth, 80 feet front
by irregular depth, was sold in
trade for s65,000. In Sixteenth
avenue between Point LObOs and
A street, 1000 feet front In the
east and west sides of the street.
corner of Jackson and Leavenworth
streets. 36:11X77. was sold for
s47.500. The northeast corner of
Van Ness and Pacific avenues, 9I:S
& in
south side of O'Farrell street, 1876
feet west OF LeavenwOrth, 6S:9N
1876. was sold for $S1.500. The
usual number of smaller sales in
corded. This was particularly true
OF the outside lands and home
were recorded for a total of S570.-
$50. This is a higher total for
this section than for any month OF
the previous year
During the month of January
building contracts were entered
into for total Of s2,27S,0i4, divided
as follows:
Frame ...... .......s s22.715
Brick ............... 1,251,lI0
Alterations .......... 99.159
IT,, - c-o--1-
Total 2,273,044
The total building contracts en-
tered into since the fire amount 10
S152390.022. AS nearly all build
10 per cent above the original con-
tract price, il is estimated that
the total value of buildings erected
since the fire amount TO not less
25.079 building permits issued since
the fire for total of S151.OS3.029.
During the month of January
there were SIS mortga ges and
deeds of trust recorded against San
Francisco real estate for a total of
S3,946,S23. During the same period
931 releases of mortgages and re-
conveyances of deeds OF trust were
recorded. In many instances the
amounts involved in releases and
reconveyances of deeds of trust are
not shown on the releases of mort
cages fled with the recorder. but
during the month just closed, in the
cases OF 313 OF the releases, the
amount involved in the releases
was given, and the total of those
so shown was Sf.1Sa.142. In the
case of 20S releases no considera-
tion was given, and it is impossible
to state the amount.
The largest mortgage recorded
during the month was a bond mort
gage given by the Pacific Union
club to the Mercantile trust COM
pany. covering the northeast corner
of Post and stockton streets, and
the northwest corner of California
and Mason streets. for $525,O0O. The
San Francisco savings union loaned
$4,000 to the United Realty com
pany in the north side of Ellis
street. between stockton and Powell
streets. This amount included the
renewal of an old loan with addi-
tional money for the erection OF
building. The German bank
loaned to Goldberg, Bowen & Co
s167. 900 in the north side of Sutter
street, between Kearny street and
Grant avenue, and two other par
cells
The German bank renewed a loan
of $150,000 to William f. Burbank
'On the northwest corner of Stock
ton and Post streets. The Fire
mans Fund insurance company
made two loans aggTegating s120.-
000 on property corner of Mont
gomery and Chestnut streets and
property corner Clay and Davis
streets. The Mutual bank loaned
the Coucordia club $4,000 on prop
erty southeast corner Van Ness
avenue and Post street. The Ger
man bank loaned to c.. & r. Costa
$4,000 on the northwest corner OF
Clay and Drumm streets. The
West Coast life insurance company
loaned to the SWEET company S67-
500 on property in the north side OF
Mission street, between Fourth and
Fifth streets. This amount in
cluded a renewal of an old loan of
SIS. 900 with additional money
Interest rates remain at 81 pep
Il