Omaha daily bee., 1916-12-31
MANY Big DEALS IN
OMAHA REAL ESTATE
Total Runs Up Big for the Year
Just Closed, Especially in
Downtown Property.
NO MORE TAX ON DEEDS

Real estate TO the value OF abou
Sl6,500,000 changed hands in Oman;
and the county during the year 1916
according TO the closest estimates tina
can be made, based upon the recort
in the court house of real estate trans
icrs, and upon the revenue stamp.
sold for the deeds.
This shows an increase OF abou
81 100000 over the volume of transfer!
for the previous year.
The aggregate Of the consideration.
recorded on the deeds themselves
would make the total OF real estat,
transfers for the year something ovel
SS,000,000; but here again il must b,
remembered that the tendency to rec
ord a deed with the mere nomina
consideration of Isl and other valu
able consideration" is more and NOR,
growing. Thus 100000 transaction
may be covered up by recording the
deed for but 81, that the actual con.
sideration shown on the deeds falls
far below the actual consideration as
paid over in money.
wal ctdilpo nUohsueu.
The federal war tax revenue stamp
on deeds was abolished September 8
OF 1916, when the repeal OF this act
became effective.
Up to that time the revenue stamps
revealed the fact that the real estate
transactions OF the year already ag-
grcgated $l2, l20, li8.14.
That is for just trifc over eight
months Of the year. A comparison OF
the figures for 1916. as recorded in
the deeds, and as recorded for eight
months by the volume OF revenue
stamps used. indicated that the actual
considerations from month to month
are usually almost double the amount
actually recorded in the deed by the
use of the Isl and other valuable con-
siderations" phrase to cover actual
prices. ,......
1t is on this basis that the remain
ing three and three quarter months
Of the year are estimated, bringing
the grand total OF transactions up to
we'll over $l6,500,000. o. F.-s
Many Big Deals. a
The years activities arc replete
with big deals, the purchase OF the
site for the new Omaha Athletic club
OF Jake Schlank and Arthur D. Bran
deis was one OF them. These lots, in
GLIDING the one on which the Doug
las auditorium stands and the vacant
lot adjoining on the east brought
S2l8,000. The negotiations for the
Schlank lease part OF the deal were
handled by A. P. Turkey g. Son.
The sale OF the Hamilton apart
mcnts to Ernest Sweet was one OF the
really big deals of the year, involving
S375.000. The property was sold by
the Hamilton Improvement company,
George & Co. handling the negotia-
tons.
The sale OF the o. c. Redick prop
erty, corner OF Nineteenth and Doug
las streets, to the Nebraska Telephone
company for its proposed new plant
was another OF the larger transactions
involving 100000.
Old Bank Sold.
The old First National Bank build
ing, too, was sold during the year in
a deal involving trade, the total con-
sideration for the bank building beng
put in at $2s0.00o. A. E. Cook OF
Chicago got this.
The transfer OF the northwest cor
ner OF Twenty-hfth and Farnam
streets from Leonard Everett OF
Council Bluffs to Joseph Barker for
$l08,000, was notable deal in va
cant Farnam street property.
DR.. Clifford also bought the south
east corner of Twentieth and Farnam
streets for about $4,000 and the site
for the new Sanford hotel for some
$4,000.
Joseph Barker sold a strip Of
ground on the northeast corner Of
Thirtieth and Farnam streets to the
Overland Sales, company for some
$4,000. the deal involving an adjoin-
ing piece Of property also, which
brought the total transaction up to
$65,000.
The northwest corner of Twentieth
and Harvey streets was transferred
from Elmer Redick and Helen Phales
to Bertha Schwartz for $4,000.
The leasehold on the brick fat at
the southeast corner of Twenty-fourth
and Harvey streets was sold by
George & Co. to Travers Brothers for
improvement purposes, the considera-
ton being withheld.
Buys on Farnam.
Charles X. Sherman bought the
northeast corner Of Thirty-sixth and
Farnam streets OF the Stephen d.
Bangs estate for $4,000.
]. A. c. Kennedy and T. F. Ken
NEEDY bought of Mrs. Boyd the corner
at Thirty-sixth and Farnam streets,
just east Of the Blackstone family
hotel. for $4,000.
George Barker, owner of extensive
real estate holdings in Omaha, only
ten days ago, bought the National
Fidelity and Casualty building at
Twelfth and Farnan streets for some
$4,000.
The Odd Fellows bought the l2O-
foot front of the Judge Lake proper
ty near Twenty-second street, on the
south side OF Douglas, scarcely two
months ago.
The southwest corner OF Twenty
sixth and Farnam streets, part OF the
Shepherd estate, was sold or leased on
a long term to the World Realty CON-
pany, on basis OF $4,000 value.
These are only some Of the princi-
pal sales made in downtown property
during the year. making no mention
OF the innumerable sales Of other
business property of less value, and
many hundreds Of transactions in resi-.
Gence property ranging in value from
$1,000 to $4,000.