Daily capital journal. (Salem, Oregon) 1903-1919, 1911-12-30
Active Year
in Salem
Real Estate

The year just drawing to a close
has been a very important one for
Salem, so far as changes in the real
estate market have been concerned
While a comparatively small amount
of business property has changed
hands, yet an enormous amount of
residence and farm holdings have
passed to new owners.
1t would be hard to site parallel
among the cities on the coast where
so much property had moved and
where so small an amount had been
business property, and this very fact
accounts for so small an apparent
change being made' in our business
district.
Probably the most important deals
made during the year in the business
center were the following: The We
rani corner sold to the McGilchrists !;
the corner Of Liberty and Ferry sold
to the state for the new armory; the
Hirsch property on Commercial near
Ferry; the Rineman block on State
between Liberty and High and a prop
erty on Liberty Just north of Court
bought by Steusloff Brothers.
In addition to buying a site for an
armory the state of Oregon has pur-
chased the entire block bounded by
Waverly, Twelfth, Court and State
streets. This last named site was for
the purpose of having a location for
the new state capitol annex or su-
preme court building.
In residence circles there has been
an enormous amount of property
change hands. Many new additions
have been placed on the market and
largely sold out.
Among the larger traets'laid off and
improved this past year are the Oaks,
on Capitol street, Richmond, on East
State street, and that charming tract
across the river known as Kingwood
park
Not only have the new tracts been
sold, but much property in tracts laid
out heretofore has been resold, and
great number of new residences
have been built in all parts of the
city.
Many beautiful homes have sprung
up on the newly paved streets until
now Court, Capitol, Summer and Win
ter streets are taking on metropolitan
airs.
In Kingwood park alone ten beauti-
full homes have been started and this
section has within the past year
changed from a rural district to
swell residential portion of the city.
In the Oaks something like 100000
worth of improvements have been in
and the old nursery grounds
turned into a veritable park.
The many improvements undertaken
by the city with the attendant assess
ments have made many property own
ers let 60 their holdings, and still
wiser ones to buy them, for with such
things as sewers, paved streets, side
walks and cluster lights coming to
Salem is going to make town of the
place.
The twelve months just gone have
seen many farms cut up into smaller
tracts and sold off. This is a strong
factor in the upbuilding of the city
for to merely change ownership of
farm does not help the community,
while to cut 1t up and to secure
dozen or more residents where only
one lived before certainly makes more
trade for the merchants in all lines.
The entrance of the Oregon Electric
railway into the field south of Salem
has awakened a keen interest in that
section and a new field for subdi-
vision purposes has thus been opened
md it is quite likely that the coming
year will see vast changes in that
portion of the county lying south of
he city
Great changes have occurred the
,ast year in that district just east of
he Fair Grounds, where some beau
iful homes have been erected, among
hem being the Charles d, Ford resi- !
lence, one of the finest country homes
n the county. At Hollywood alone
)ver twenty dwellings have been
rected and all along on the main
to Silverton may be seen
unn.nna I