The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1915-08-09
MORE SALE FOR
CITY PROPERTY
Lots That We're Offered as Pres
entS a Year Ago Have Ad-
VanCed In Few Months

OK months or yeur ngo II would
~ have been possible to acquire title
to lots IN oklahoma city by pay
lug the taxes uud paving taxes, but
that time has passed ltrul estutc
men say "A number Of lots could have
been picked up for Si6O or $500, thnt
amount representing the taxes, paving,
sewer aud al vnlorelu, aud the Interest
uu the investment
Hut real estate has advanced In
,uluc during the past Few months.
Not that II IS changing hands rapid
~ nj advanced prices, but owners see
IN the future Il firm foundation and
they will not sell ut such ridicuIOusly
low prices
The chnucc 10 make fortune In
Oklahoma real eytute has just Slipped
BY said one reul estate mnu, and
few saw It us an opportunity \ few
months ago good many pairs u lots
could have been bought ut very low
prices IN different parts " the city
Inside " another yeur thcy could
have been sold at prices that would
have uettcd the owner Il large sum
of money"
The rrm estate dealer turned 10 his
books and showed where somebody
had failed 10 pick mp this fortune.
Good Lots for $3.50.
A pair Of lots ON II paved street
not choice lots but very good build
Ing lots. There have been some wa
cant houses I'm the ncighhorhood but
they ARE filling up \ little more
than four year, ugo tho owner paid
/ 5000 Tor the lots
Since then he has paid the paving
/ tax. amounting to $500 the sewer tax
| during that time was $40 ad yalorVm
/ tax. $50 interest ON the money III
vested, SS5. making II total uf yON
+. paid out un the lots The owner oi
. these lots may have been n non resi-
dent and did not know the conditions
here lie offered the lots at $3.50
| which would have meant II loss {,
him " The original price he paid foi
them such bargains could have heel
picked up IA different parts Of The
rity.
lI other words the owners ~ The
lots We're willing 10 present them t
the person who would pay the take
on them. but conditions have changed
now There are no lots tp be giyeI
AWAY. Vacant property can still b,
bought nt reasonable prices, but !
is not being offered az present. 4
good crop year. good business ant
the fnct that Oklahoma city Is grow
lug again have brought about thl
change
Real Estate Is Picking Up.
"The real estate business II pick
ing up." II was stated at the office O
John W. Shields, one uf the veteran
IN the business IN this city TN
same information was given 10y tn
other real estate men.
There ARE very few desirable va
cant houses for rent In Oklah0m
city now. Houses that rent for S2'
$50 aud $40 month are cNtremcl
scarce, the real estate men say. Tina
means, that building operations haY
mcren Ad on n greater scale. Build
Ing hus been going un during th
four years NJ depression. but not {
such an extent AZ II Is being done Il
present
owners NJ vacant property hny
studied conditions and they will no
give their property away. Real e'
tate is worth more In Oklahoma Cit
than II was year ago. The owner
may not hc able 10 sell at once, bu
they feel encouraged TO walt 10
higher prices
owners ~ Oklahoma City real e'
tate who do not live here have trie
10 sell their property nj very lo'
prices In many instances, aud beln
unable 10 do so have given the cit
bad name. II is unfortunate tina
some " these investors put none
into lots I'm the additions that are y
rar out The building operations ma
reach some NJ them IN the course d
time however.