Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-01
PAST YEAR REMARKABLE ONE
FOR INCREASE IN REAL ESTATE
VALUES.
CONDITIONS BEST IN
TWENTY-FIVE YEARS
So Declares One Dealer Of the City
City Property Highest in Years, Says
Another Firr-Future Of City Bright
-Exprsssions Of Real Estate Men on
Future Prospects.


of Marshalltown the past year has been
a remarkable one for the increase OF
realty values and the increased demand
for houses to buy and rent. most
healthy condition prevails. according TO
leading realty dealers, and there are
few available houses to rent al the
present time.
There has been q ready market for
good houses thruou1 the year and high
er prices have been the rule in such
transactions. Families coming to the
city have, 1t is said, found rentals here
as low or lower than in other cities and
towns Of Iowa. altho values in this city
as compared to those Of other cities
have been high.
A comprehensive review of the realty
situation has been made. the dealers If
real estate being called On for state
ments as to conditions during the past
year and as to the prospects for the
year to come. The dealers seem pretty
we'll agreed on several points:
Values are higher than ever before
There is a ready market for medium
and higher priced property.
Practically every house in the city
is occupied.
There is a demand for cheaper ard
medium priced houses to rent
Marshalltown is in the most healthy
condition of its entire history,
Indications are that business in 1919
will equal if not excel, that of the
year of 1912
Best In Twenty Fiva Years.
H j. Allard, who has long been en-
gagged in the real estate business in this
increase in values in the city the past
year. City property was never so well
filed up as today nor never was the
city in such healthy condition from
realty standpoint Property has been
on the rise thruout the year 1 have
been in Marshalltown twenty-five
years, and conditions are the best I
have seen in that time. Houses built
in the last five or six years have been
larger and more substantial, but there
is a demand constantly for houses
-hich will rent at cheaper figures. We
could rent many cheaper houses if We
had them.
However. rents are not excessive as
compared with other Iowa cities and
towns. Families coming here from
Cedar Rapids, Waterloo. Fort Dodge
and other cities find rents here as
cheap or cheaper than in those cities.
and express themselves as finding the
rents reasonable. There are many adj
vantages to be considered in rent
ing In Marshalltown. In most sections
of the city the renter gets the advan-
tage Of paved streets, and all have the
best Of electric light service. city water
and the best fire protection in the state.
Residents OF Marshalltown have ad-
70 ~ =
superior to many cities, AID that is 10
be considered by the man who Is seek
ing home for his family"
City Property Highest in Years.
French & Turner express optimism in
reviewing the past year from the view
point Of real estate dealers. Every
thing is occupied" said Mr. French
and the city IS in a most healthy con
dition. City property is bringing higher
prices than ever before, rea' estate
sales are better and property Is bring
ing more money. There has been a
ready market thruout the year There
is a constant demand for more redi-
UNI priced house. We could rent any
number Of modern houses at from s2t
to s22, or could find a ready sale fol
such houses. There IS money for the
investor who will build houses Of this
class either to sell or rent.
Future Bright. Says Lyon.
George NJ. Lyon, in speaking Of the
situation in Marshalltown, said: Sales
of real property have been better in the
last year than for several years previ-
ous because prices have been bette.
and all desirable property has an up
ward tendency In prices; yet property
Is still too low to sell While Il NAY
seem strange to some people, still It /:
a fact that real estate does not sell 81
readily when 1t IS low as It does wheI
1t is held for all 1t Is worth There 4
a reason why prices in city propert,
have been low for several years. TIL
craze for farming land and many max
ing settlements on land where the.
had overbought. caused them to offe
their city property for less than Il ia
worth and that naturally reduced tn
price Of all city property. You viii
observe that when land is high cit
property Is low but when land price
Y come to standstill and sales are sloy
then city property begins to advanc
in price.
1.-The progressive spirit which Is nov
progressing in Marshalltown is causin
property owners to paint and repai
their properties. The new paving an
promise Of extension Of street car line:
and the general cleaning UP Of the cit
in the past year have all combined t
cause the people to have a pride in tn
city and make them feel that there
a greater value in their property, s
pr:ces are naturally advancing and wi
be much higher in the near future
There has been a great scarcity {
property for rent and many have bee
compelled to buy in order to have
place to live. Many non resident own
srs of property will not keep the
property in a habitable condition. s
many are compelled to rent houses ths
are neither comfortable or sanitary.
Many make money in cheap Ian
but right here in MarsI1alltown is
better and surer investment. by buyin
lots from 5000 to $500 and erectir
dwellings at a cost of from $1,000
$500 and renting them from SIS to $:
per month, or better yet as an inves
;nent erect flats or apartment house
not too far out and have them all moo
ern. and rent four or five rooms fro
$50 to $50 per month. MarshalltoW
needs more men like Is. F. Cum min 5