Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-10-17
FTLBERT ST. GAINS
IN BUSINESS VALUE,
HAS BRIGHT FUTURE
Central Proposition Worth
!. Watching - Stretch of
Property That Feels the
Absorption of Market
! Street Sites.

tsibert street widens to 81 feet begin
ming at the west eide of sth street in the
b,b Ward. and becomes a thoroughfare OF
considerable Importance. East of Sth
.treet, It is 10 feet wide to 7th street.
where to all useful purposes 1t disap-
pears.
The block between 9Th and 10th streets
has been brought into notice this week
bv the sale recorded yesterday of No
se FiIbert street, being four-story
brick building, lot 22xs9. Charles r. and
Winslow ]. Fries conveyed TO David c.
Humphreys for $4,000.
This property is assessed for $4,000
The last transfer Of this piece of real es-
tate was on December 10, 1s9i, when 1t
sold for $4,000. However, 1t is now being
improved. A new store front Is under way
and this with general adjustments, will
greatly add to its value.
The last sale In this block, but of
smaller property, was on March 81, 1907,
No s24 Filbert street. lot 16.6x76, which
sold for $4,000. This property is now as
value over the purchase price. In 1918
\ Mershon Brothers transferred to John ].
Rogers Nos. s25-27 Filbert street, In which
purchase, however, a country seat Of IL
acres at Wyncote figured as a part OF the
price, This is now a part of the S-story
brick and concrete building, lot eox14o.
Nos. s25-7-9 Filbert street. and is as
sessed for sc6o,0oo
Between 10th and 18th streets is found a
solid row of stores and about the same
condition exists on the south side, with,
however, some OF the old stores unal-
tered near 1lth street. Several large prop
critics have been recently rented in this
block and the demand is good.
VALUES BECOMING EVIDENT.
The value OF Filbert street is becom-
Ing more evident as the visible supply of
property on the market Is reduced along
the larger street to the south. Market
street was a very long time coming TO
It's own because owners did not believe
/ expenditure would be justified in result.
Today 1t is a fixed fact that such must
be done; and when property is improved
renters and buyers are not hard to find.
The expense comes back, or good interest
In the advance in rental value.
In the part OF Filbert street between
Sth street and the Reading Terminal. nins
signs appear upon property for sal. o-
10 rent and nearly nll upon those which.
while In good condition and desirable.
nave not been brought UP to the high
pitch OF newly built property.
from Juniper street, going east. on IN.
north side we find the Bulletin Building
lot 60 feet ~ inches by 147 feet Az jpcbes
assessed at 100000 and adjoining a. ,ot
NOS lSl0-H Fibert street, in the same
ownership, i2 feet by 147 feet, and as
sessed at $4,000. as a vacant lot. Then
1Sll-l3 Fflbert street. 50 feet by 15o foot
belonging to II. ]. Justi, also n vacant
iot and assessed at 100000 This prom
erty Is next to the fine Hotel Vendie. on
me northwest corner of 18th and Filbert
assessed for $4,000.
1t Is not hard to remember the old
dwellings which stood upon the lots men
uoned above and the enormous advance
"hich Is shown by the assessments.
IMPORTANT BUILDINGS.
On the south side In this block the largo
properties are Nos. 13o2-Ol Filbert street
Horn & Hardart Baking Company, lot
y feet by LOG feet, and assessed at sl5S,Ooo;
Nos lSOS-OS-10 Fflbert street, seyen-storv
laundry OF John Wanamaker, lot 81 feet
by Jos feet. and assessed at $4,000, and
NO 1872 Filbert street, lot 3s feet 1h inch
by lO6 feet, B. W. FIeischer, assessed at
NSoOoo. There are, however, n number of
small properties of an older pattern which |
nave not yet had anything like jump in
Vslue. and 1t will not come until the break
IS made TO better conditions 1t is a fact
however, that there is virtually no prop
erty offered for rent between the Reading
Terminal and Juniper street
IN the 1900 block on the south side the |
large property, Nos. $780, 1882 and 1894 Fill |
pert street. is two-story brick store |
only the store fronts and some interior
adjustments have been made 1t is on a
lot 81 feet by JOG feet Ia inches, and is
assessed at $4,000. At the northwest cor |
ner OF 18th street is the Lippincott Build |
ing, lot SO feet by lO7 feet. and assessed at
t25O'oOO; Nos 1213-15, the Heed Building. |
90 feet by l07 feet. and assessed for |
$4,000; Nos. l2al-3s, next to the Hotel |
Windsor, lot SO feet by lO7 feet. assessed |
at $4,000
The future, ard very active future. OF |
thbert street is not at all far OFF, and |
purchases being made will be by those |
who know, 1t is too short street. now |
that II is to be vacated west OF 10Th |
street, and too central business PROPOSE |
tlon to lag, with everything In sharp de- |
mand on Market street
NOTES ON THE STREET.
More than s1SO,OOo appears this week I'm |
the list Of mortgages recorded loaned by |
trust and title companies. Mortgages are
more numerous and building societies are |
as active as ever.
Plans have been fled for an apartment |
mouse at the northeast corner 22d and |
w MaInut streets, to be II stories In height. |
ihls was the residence for many years |
OF the Preston family, and later was
owned by Henry Gross. The entire va
eauon Of, Walnut street to commercial |
need Is not very far on.
The number of permits for the erection |
OF dwellings OF the two-story brick class |
Is increasing. Among the number are is |
west side OF Sth street. north of Lycom-
lns' seven dwellings east side Agate
street. north of Ann street; II west side |
new street. beginning at Penn street; l5,s
NOS 1913 TO lS41 Rittenhouse street; II, |
nos Is TO sS West Sharpnack street This |
Is Is very encouraging feature in rather
uull market LESSOR.