The Birmingham age-herald., 1923-12-02
PROPERTY VALUES. SOAR IN 25 YEARS
Ferguson Gives Concrete H. lustration Of Birmingham'S
 Present Property


 IEJill Ferguson of the Birmingham real estate board recently ran across an advertisement of Birmingham res sasnces run by MT. s. E. Thompson III The Age-Herald of August ~, 1888. Prices of 25 years ago are so low ao compared with those of today that Mir Ferguson decided to draw the attention of the Birmingham real es- tate board to the striking contrast and yentured to make a prediction that ..resent-day prices will seem about as low 25 years hence, that IS in l94S As MT. Ferguson's comparl- son and prediction have prompted ,requests of the Birmingham real es- tate board for this data from points as far separated as Macon, Ga:' ana Warren, Ohio, it has been decided to publish in full this bit of. work. S. E. Thompson's bargains adver- tised in The Age-Herald August 27, 1S9S, follows:
 s2.OO0-s300 cash, balance s25 per S-onth, Groom, two-story house, cor ner Thirteenth avenue and Twenty fifth street, North. Probably worth now s7,5oo.
 .s> >s2.OO0-12 acres of rich land, or ehard. splendid broom house. barn, etc, on Tennessee pike, three miles pi1t. Probably worth now s6,000 to sT0, 900, location doubtful.
 "'s1 ,o00-5-room. cottage, Fourteenth avenue. near Nineteenth street, South Highlands. Probably worth now se.- 0o0 or s7,0o0.
 Ast.70o-100x130 feet, Eleventh ave- nue, near Sixteenth street, South. Probably worth now s7,50o without Improvements,
 .S2. .50o-$9o0 cash, balance s25 per rnonth, modern two-story house, Sixteenth street, between Tenth and Eleventh avenues, South Highlands. Probably worth now s6,000 to s10,- 900.
 s275-Cash and 66 payments of s12.50 each, without interest, buys ,splendid new broom house on car line. North Highlands. Probably worth now from s5,000 to s7,500. , s1,500-Will pick up 24ox200 with two houses, corner Ninth avenue and Twenty fifth street (more than an acre), rents for SIP per month. Prob ably worth now from s15,000 to S20,- 900.
 2,5O0-7-room, new house. Avenue F., near Twentieth street. Probably worth now from 5000 or s6,0o0.
 s2,25o-New Groom house. Seventh avenue, near Twenty sixth street. Probably worth now s7,500 or more. ii ss5O--Cagf, 7-room house, Twenty seventh Jet, near Avenue E. Prob ably worth now s5,000 or s6,000. Increase Tremendous.
 N% This advertisement showing the prices at which various properties were held in 1898 together with the probable values of these properties at this time shows large enhancement
 
 tion is that the following sales which have been made in Birmingham this year, are going to look just about as insignificant 25 years hence as MT. Thompson's bargains of 1898 look to us now; for instance. he cites:
 $500 a foot on Twenty-first street, North, between Fifth and Sixth ave- nues.
 s1oo foot on Avenue G, between Twenty-first and Twenty second streets.
 ss6O foot on Sixth avenue, be- tween Twenty-first and Twenty-sec- ond, streets,--
 s1,ooo foot on Fifth avenue be- tween Twentieth and Twenty first streets.
 1925 a foot on Eighteenth street be- tw,sen Fourth and Fifth avenues.
 sAo0 foot on Third avenue, be- twsen Sixteenth and Seventeenth streets.'
 Ar. Ferguson stated he was going to.yask that The Age-Herald publish allt of these figures and get MT Thompson, or some other member of thH board to clip the story and some time during the summer of 194S read it !do the board and see just how nearly these predictions of his have beAn fulfilled