Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-02-20
REAL ESTATE
AlHl NEWS 49,

seventeenth ana Arch streets Is at pres
ent a very busy corner and attention has
been drawn to II in recent proceeding
before the Board OF Viewers TO open the
Parkway from Appletree street to iIth
street
While It is a question past finding out
when the Parkway will be an open street.
17th and Arch streets Is believed to be
the final lire at this point, and ms early
as April 1e. 1907, 1901 Arch street, lot 20
feet by III feet to alley was sold. Glad
ing to Ferry, for $4,000; on January 20,
1910. Ferry sold the property to Benjamin
n. Welch for $4,000, and January ~, 1910.
the Philadelphia Trust, safe Deposit and
Insurance Company sold 1908 Arch street,
lot 20 feet by II feet TO alley, to BEN
janln T. Welch for s25, COO
November 25. 1914 Mr. welch sold TO the
Methodist Board OF Home Missions l70l-3
AL ch streets, lot together 40 feet by Ill
feet TO alley. for $4,000. As the properties
were pulled down, 1t may be considered
ground value and was at the rate of $1,000
a front foot, a record price for Arch street
west OF 18th street, although, OF course
a corner property.
In the testimony Of the witnesses for
owners ground values ot $500 a front foot
for inside properties and $3.50 front foot
for corner properties was shown on the
east side of 18th street, north OF Apple
tree street, and S625 a front foot for
Cherry street lots los feet deep to Apple
tree street
In the Friends Burial Ground property.
being the block 3s6 feet on Race and
Cherry streets and 2Ss feet on 10th and
18th streets. the value put upon property
by owners was from $685. to $4,000.
Witnesses FOR the city placed It at $4,000
to $4,000. II contains 262-100 acres.
1t is admittedly hard to predict the
situation in regard TO values along the
line OF the Parkway. II 1t could all be
opened at once and become an active and
at the same time an ornamental thor
oughfare 1t would not be hard to figure
out very great advance in value In
properties not partly taken on which TO
build the proper sort OF building either
for a residence or for business purposes.
Such has been the position and the
advance shown in the northwest corner
of 18th and Arch streets, even ahead and
perhaps very much ahead. of the open
ing OF the Parkway as q physically open
thoroughfare.
1t will be interesting to note develop
ments at other points of vantage, ada
cent, but outside OF the Parkway line.
Notes of the Street
The past week mortgages have been
less active, those recorded show as fol-
lows:
by building associations ..,......,... S5eI 100
Fy individuals .....,.. ,.,....,. 5OIe0O
societies ......1......t.....,. 1876 900
Total ....................... 2O1. 500
Among the large ones are the following:
S G.. Brosius 10 Penn Mutual Life In
surHnra Company. northwest corner -
The + Berg %Eo Company to Members b. aud '''''
Gamer streets tC.',.. ..:... '''o 49,: so 600
t. L. Assoc latlor same property. 800 5000
siG Market street rect ..S .,.s'.... 'p' $4,000
j. Iudovich TO Commonwealth Title In
BurRnce and Trust Company west side
ID street. south OF James street,. i1,0o0
In the real estate column of our issue
OF February IS, in an article on the cast
ern end OF Pine street, the sale of $50
Pine street EIarch 4, 1912, was incorrect
The number should have been 53S Pine
street.
Trust companies have not been active
in real estate loans during the last week.
Permits for building have appeared in
great numbers, loans having bee: pre-
Viously arranged.
Interest rates are unchanged and are
likely to hold for some time. All signs
point to an early spring and increased
activity LESSOR.