The San Francisco call., 1910-06-18
REPORT By WARDS
I"IaI
PIEDMONT PROPERTIES


The advantages of Piedmont proper
ties for residential purposes are at
tracing the attention of future home
seekers 10 no small degree, with the
result that the Realty syndicate is pre-
pairing to open up its various holdings
scattered throughout this district.
For d number Of years the syndica te
has made no particular effort to dis
pose of this property. preferring tc
wait until the advantages Of the Sec
tion were fully appreciated and the va
rfous neighbOrhoods definitely estab-
lished. AS a consequence scattered
sales were made by the smaller prop
erty owners which resulted in suf-
ficient building TO assure the character
Of the home builders and TO warrant
the syndicate in guaranteeing its buy
ers against undesira bic neighborins
structures
Nat NJ CrOssley. manager of the rea
estate department Of the Realty syn
dicate, says that he feels perfectly
safe in assuring the public of the fac
that Piedmont is destined TO become the
most favored Of all the beautiful resi-
Dental districts in the vicinity of Oak
land and that he is planning to Offer
for sale any and all of the hundreds
Of choice lots owned by the syndicate
in this section. He said:
We realized years ego that buyers Of un-
developed high class residential properties
must be assured OF desirable neighbors. And
there were hundreds Of scattering lots in
Piedmont which did not own and bad no
control over, we could not give our buyers
the positive assurance they demanded on
all lots we placed rigid building re-
strictions hut buyer could be asked TO in
vest the money necessary FOR the erection Of
an srtstle home u The ADJOINING lot was
owned br ind vidual who could build A
shenty II he wished. We therefore decided
10 let the proposition work itself out with
these
controlled lots are sold and beautiful homes
are erected upoo tbcm This leaves us A
clear field. for show buyers lots
sd1oncd by homes actually erected instead
ol ny vacant lots with probematic future.
We are getting ready nOw 10 offer this
property ana expect a big rush Tor the
choicer locations. We viii sell Piedmont
lots from $50 front foot up. upon which
building restrictions apply. assuring the best
~ neighbors and the most desirable surround
ings These lots arc. worth more money. but
have decided to let them 20 at the orig
fuaI prices in order To huild M the various
DeighhOrboods through which the lines
of the Oakland traction company pass. in
fact. ii is more profitable for The Realty
syndicate 10 have their holdings populated
than i; would be to raise prices 10 actual
present values and wait for sales TO come by
the ordinary course Of demand.
FAVORABLE INFLUENCES
E. 3. Bull, manager of the Frank X
Mott company, said:
Some Favorable influence is again at work
in the real estate market. Where for the
LAST three weeks there has been decided
tendency 70 refrain from the larger purchases
Of higher priced residence properties. the
last week has evidenced a return of this
class Of sales. due possibly 10 the fact that
the quiet Of the summer months has resulted
in 3 slight lowering Of prices.
Oakland continues TO grow in favor as
idesl city in which TO live. Daily have
requests for rhe better class of houses-those
costing in the neighborhood OF $4,000 and
$4,000. There has by no means however,
been any abatement of the demand for bun
galows costing between So 600 and So 500
which are always salsble
In Eastlawn tract have a number
of houses under construction. all being built
hv private owners The macadamizing of the
streets in that tract is being rapidly COM
pIefed and with water. sewer and gas pipes
laid 10 every lot purchasers are well pleased
with their investments. The complete park
ing Of every street in the tract is also
inducement 70 buyers and, in fact, we are
leaving nothing undone which may help TO
make Il ideal residence spot-a replica OF
the famous bungalow parks Of the south.
There is also renewed activity I'm Grand
avenue heights. where owners Of properties
are daily deciding to build and live on what
they originally bought for investment only.
During the last week we resoid at big ad
vance over the original price residence in
Grand avenue on almost cash basis The
deal netted the party who bought the lot
from as when the tract was first opened a
handsome profit while at the same time the
new owner received good value for his out
lay. This practically establishes new value
TO Grand avenue heights property. and
through it we are carrying on some excellent
negotiations that augur well for activity and
improvements IN this section Of the city.
HUMBOLDT COUNTY HOLDINGS
We not very well at this time say
much about Humboldt county properties
which We acquired two 'weeks ago. We are
rapidly forming our plans and shall not at
tempt 10 proceed until everything is well in
hand and know absolutely the best course
to pursue IN regard 10 the manner in which
the land VIII be subdivided. We have al
ready had q number Of applications from
parties wishing TO purchase farming land in
that particular location. but until complete
surveys have been made and cur associates
In the holding company have been thoroughly
consulted 50 that our decision TO opera
uons is unanimous we can not even make
reservations.
The real estate market in Alameda is i'm
proving. We can mol avoid the usual quiet
ness which prevails during the summer
Nnonths- hut with a knowledge Of the coming
agricultural prosperity Of this section of the
sfsfe-proSperity which viii mean q pumpeF
yesr-zWe can look forward TO an increase of
business during the fall months which will
never have been equsled in the history OF
the county.
Berkeley Real Estate
BERKELEY June IS.-Notwifh.
standing the fact that great many Sar
Francisco and l.scfr,<r.e.-,.o a.,