Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-01-06
PROPERTY VALUES
ON LOCUST STREET
WELL MAINTAINED
urchasers of Residences on
Throughfare West of 10th
Street Have Improved
Holdings.

The acquisition by Peter f. Herman of
the property at 1919 Locust street, lot 17.6
by 81 feet, and assessed at $4,000, for $20,-
900, points to the fact that prices are well
maintained in this fine residence street.
only lately repaved. On February s. 1912,
Mr. Herman purchased the properties 1858
and 1855 Locust street, lots 176 by "a feet
each. for $4,000 or less than $1,000 front
foot. These haye both been improved
along Colonial lines, and are assessed for
1915 at $4,000 each.
On January l, 1913, the properties 1864
Locust street, with frontage of A feet.
were sold by the estate of Henry Penn
berton to the Sisters of the Academy of
Notre Dame. This property is assessed
at the rate of $1,000 q front foot for inside
lots.
The property at the southeast corner of
goth and Locust streets was sold on April
II, 1911, by the estate of II. Mccullough to
Robert M. Coyle, lot 2010 by 66.7s. This
was at the rate of $1,000 a front foot for
corner property. 1t is assessed at $3.50
for 1915.
SALES DISCLOSE VALUES.
1t is interesting to glance at values be-
tween Goth and 21st streets on Locust
street. Following are a few sales and
present assessed values:
1gll. May 17-2O37 Locust st. for. 1915.
16i2 June i.2o44. ioxs6 SSo SisSSo S9o
l012, June 27--204o 10xsO. 80. 1900 2l,O0O
These properties were very much out
of repair. They have since been improved
tn fi,,F,
is reelected in the increased assessment.
nominal sum, ssssssod Sl4 ed9 for ' 1915, S." lot
A. j. Lawn to David Jamison, who is the
owner of southeast corner OF 21st and Locust
Ia assessed for $4,000.
For many years properties could be
purchased in the 1000 block At prices
which were low enough to enable the
buyer TO modernize the properties and
keep the entire expenditure between s10-
900 and $4,000. This period. however. in
the history of the street has passed.
WALNUT STREET AN AID.
To give some idea OF the value of the
there are between Rittenhouse Square
u
total frontage of 2ls feet assessed at
s26O000.
On the south side of Locust street from
Goth to 21st street are % properties, with
a total frontage of sSLSlz, which are as
sessed at S441,00O
On the north side of Locust street from
Goth to 21st street are IS properties, with
a total frontage of 1915. which are as
sessed at S363.0o0
With business conditions coming so
strongly out Walnut street, and with
apartment houses increasing In number
around Rittenhouse Square, 1t Is safe to
say property on Locust street. certainly
as far west as 23d street. Is bound TO in
crease IN value.
The fact that some dwellings in the To-
cality named have been for sale or 20
rent for some time is not at all at vari-
ance with the facts as stated. II is be-
cause such properties have not been Inn
proved up to the standard OF such a
neighborhood Owners OF property are
beginning to realize this active quality
of getting a return out of old property
in a neighborhood where high ground val
ues maintain. Spend what is needed,
make your property as desirable as the
others and high rental Is easily OBJ
tanned LESSOR.