Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-01-02
APARTMENT SITES
In DEMAND NEAR
18TH AND SPRUCE
Sharp Advance in Prices
Discloses Values Of Prop
erty in Vicinity Are Stead
lily Rising.

The vicinity OF 18th and Spruce streets
has for some time been improving IN
real estate possibilities. This developed
after the alterations and improvements
to the Morris apartment, five years ago,
and again with the Immediate succesa of
the Burlington apartments at the north
west corner of Spruce and Juniper streets.
owned by Charles j. McIlvaino.
Later in May 1912 1929 Spruce street
was purchased by Mrs. Thomas w. Bar
low from the Penneylvania Trust Com.
pany trustee for estate Of Rose Corbln.
for sS75oo, Mrs. Barlow preyIously ac-
quired 1897 Spruce street. lot % By isT
feet, for sS5,5O0 making the purchase
price for the ground $1,000 The house
at 1925 resisted all efforts 20 purchaee.
and f II Is ever sold will 20 to th6
Burlington, or TO the itew 10-story apart
ment which Mrs. Barlow has erected upon
her property
Nearly all tho property for sale In
the block between 1sth street and Broad
street has now gone into strong hands
and any attempt to buy is certain te
advance prices.
The recent death of Charles Dougherty
may brinG some Of his holdings of veal
estate into the market, ard II Is known
that the southeast corner OF 18th and
Spruce streets would make an ideal
apartment house site.
Also sos South 18th street, lot q by
150 feet, combined with s0S South 18th
street, purchased by James r. Nolan on
February TO- 1918, for $4,000, and the lot
between latter property and church
owned by Frank Mauran would be an
other apartment proposition
SALES ON SPRUCE STREET.
1000 May Sl--32l South 18th street. and
Si4 S souih % %Issminscr , street Sst rear, iGs Y
1907, Novcmbsr 2T--;iiT. two' s.stoasy
brick dwellings, each lot u by 81
sssS1g stsSa by is'' 5. freeman Srs's 'eos'' Co.'S
1913. sse" JsSssr, sSUTE isa2a. and aao South
IseminEer. street, Jane stevenson Hond Il.
1913 e 'qIss FsSraapy aSpsef iosos lot aiic 81 o0
1850, and lot on Cypress street rear. ~,
1903, SSaS November isi" soH2as' S.story Brick
store and dwelling lot I6,4 BY b7.s, -.
1872 scd June sX 5 aa5s i srGseH ot i1S By 2 said
by E. II. and c. NJ Clark, assessed u.
,GSs 5000 Ssbr,;ary s27aio lot liza BY iOi, '
Edward r. Beae to MnrEet BERN 2i,uOs
In the Spruce street block between
18th street and 18th street. very few sales
appear of recent date, There are mum
her of dwellings occupied by owners
especially on the north side. and on the
south many tenants OF long standing, az
we'll as owners II is very rare to see
sign. ''for sale" or TO rent IN tnia
block,
On May 13 1908, 1904 Spruce street, lol
10 feet 4 inches by III feet to Cypress
street, belonging to the estate Of Ahhes
| S. Queen was sold by s. T. Freeman 4
| Co. for $i2,s00, to settle an estate. and
on December 10, 1918, 1908 Spruce street
a three-and- ne-half-story brick resi-
dence, lot 81 feet by 100 feet. was dlss
posed OF by Barnes & Lohapd for $4,000.
The central location, and the possibility
| OF getting to nearly all points on foot Is 3
| factor to be considered This is bound
| to attract apartment builders. II such
could be put up so that medium Elzed
housekeeping suites could be furnished
at $1,000 to $500 per annun, even BY
going several stories higher in constrnc-
| ton. tenants could be listed 10 i'll the
building before the foundations were up
to the street level
MORTGAGES RECORDED.
The new year starts with a feeling that
the worst has happened and that i'm
| provement is bound TO come. barring
some untoward catastrophe. Mortgages
OF record. since December q. are as fol-
lows:
Loaned by building associations. slas 100
Loaned by individuals ). ..,.,.,.-,...,. 400 800
Loaned by trust companies .,.....,.ss. li2@oO
Total ,.s.s's--s.''s's'.'s s'.s'-s . - ssAtf4op
Among the larger mortgages were the
following:
s2O.oo0-A johnson. to NJ, 8 Geiger pfsEn-
5.cdo--M Rosenbioom to Fidelity Trust
Company. premises west side Poquessns
Creek, SSH Ward. ,.
SiB'6OO-E. ]. Goldman to William Penn
Building and Loan Association, premises a2oo-
Ii Norti. Broad street.
Trust Company, premises west Side Mount
Pleasant avenue, southwest Anderenn street.
$50 OOO-A. fisherman 20 buttonwood huilds
ing and Loan Association premises northeast
corner 18th and Race streets
Money, II Is hoped. Will come out more
freely, a great many weak spots have
been cleaned out in the sherlfta ealse
and the air Is clearer.
Interest rates are unchanged,