The San Francisco call., April 08, 1911, Page 19, Image 11

About The San Francisco call. (San Francisco [Calif.]) 1895-1913

Image provided by: University of California, Riverside; Riverside, CA

REAL ESTATE AND FINANCIAL SECTION
INCREASED BUYING SHOWS CONFIDENCE IN THE CITY'S FUTURE
REALTY SALES OF MONTH
LARGEST IN A YEAR
All Sections of City Share in Renewed Prosperity,
But Outside Lands and Homestead Districts
Reached Highest Mark Since the Fire
That the Investing public 1b awaken
ing to the great possibilities in San
Francisco real estate in the immediate
future is shown by a careful review
of the sales for March.
The total reaches $3,290,191 and is
the largest amount for any month since
March, 1910. when the figure was $3,
--349,55+. Last month's sales have in
fact only been exceeded in three other
months since 1907>
Thomas Jlasee & Son's circular. in
presenting a detailed record of the
transactions for March, states: .
The real estate sales for the month
just closed exceeded those for the
month of January by over $700,000, and
those for February by about $1,200,000.
It is very gratifying that the sales of
real estate have Increased to such a
marked extent, as It shows renewed ac
tivity and increasing confidence among
buyers in the city. Judging from the
increase, in inquiry during -the last
month. It is anticipated that sales
will at least keep up to this new level,
with the prospect that- even higher
totals for real estate sales may be
reached before the end of the year.
The real estate sales during the
month of March consisted principally of
"medium priced properties, there having
been only three sales recorded in which
the total involved was above $80,000.
The greatest activity during the month
«» in the outside lands and home
steads sections, where 400 sales were
recorded for a total of $843,466. This is
the highest total for any month In
these sections since the fire, and was
caused by the fact that much specu
lative purchasing was done in these
sections in anticipation of the location
of the Panama-Pacific international ex
position In the westerly portion of the
city.
Real estate sales In the fifty vara sec
tion during the month of March
amounted to $773,900. and were higher
than for some time past, and were far
In excess of the monthly average in
this section for the last year. In fact,
the large total of $3,290,191 for the
month was made up by a greater vol
ume of business in all sections of the
city than has prevailed for some time
past.
PRINCIPAL. SALES
Among the principal sales recorded
during the month were the following:
In th« BO vara section—The north
west side of Market street'Bs:lo south
west of Sansome street, 24:7 front by
irregular depth averaging about 76
feet, running back to Rutter street,
with a three story building, was re
ported sold for $150,000: the northwest
»!le of Market street, 800 feet north
east, of Marshall square. 25x100. sold
In probate for $73,700; the south side
of Sutter street, 137:6 west of Mason,
Roxl37:C. was reported sold for $60,000;
the southeast corner of Front and Ore
eon streets, 60x90, sold for $40,000; the
southeast corner .of Montgomery and
Commercial streets. 29:fix60, ; sold for
about $39,000, and the northwest cor
rer of Post and Taylor streets, 30x60.
sold for $30,000.
In the 100 vara section—The south
i«i<le of Market street, 55 feet west of
Eighth street, 20x80. sold for $52,600;
the southeast side of Stevenson street,
123 feet southwest of Fifth street. 25x
75. running ■ through to Mint avenue,
with three story building, sold for $24,
--000, and the southeast side of Howard
street, 237:6 northeast of Fourth street.
50x80. sold for $20,000. BBBBBffiHtt
In the Western addition—The north
west corner of Flllmore and Ellis
streets. 137:6x137:6, was reported sold
for $121,000. and resold for $12
the east sid e of Flllmore stree*; iiS:9
north of O'Farrell. 65:3x107:6, sold for
$66,000, and the north side of Union
street, 122 feet west of Octavla street,
100x127:6, was sold for $30,000.
In the Mission—The northeast cor
ner of Mission and Seventeenth streets.
100x105, with a one story brick build
ing, sold for $45,000, and the north
east corner of Howard and Fifteenth
streets, 35x95. with a three story apart
ment flat building, sold for $17
In th ouUldftdaarigMdhfr^wo .blocks
bounded by Lifft»WF=»»ay^»nd Irving
street, Tblrty-eixtlVj^Jxty-«c\^nth and
Thirty-eighth avenues, sold for $80,000;
the block bounded by J and X streets,
Thirty-third and Thirty-fourth ave
nues, 240x600, sold for $20,000, and the
northwest corner of Clement street and
Tenth avenue, V5x120, sold for $15,000.
DI'ILDIXG OPERATIONS
During the > month of March there
were building contracts entered Into
for a total of $2,819,727. divided as fol
lows:
ttrlck $1.627.569
Frame 1,124.067
Alterations 68,091
Total ...» $2,81"9,7!7
The total recorded building contracts
[ entered Into since the fire amount to
: $17?.622,133. As nearly all buildings
I erected since the fire have cost more
than 10 per cent above the original
contract price, it is estimated that the
total value of buildings erected since
the fire amounts to not less than $198,
--500,000. There were 31,674 building
permits issued since the fire for a total
of $175,503,340.
REAL, ESTATE MORTGAGES
During the month of March there
were SOO mortgages and, deeds of trust
recorded against San Francisco real
estate for a total of $3,476,487. During
the same period 537 releases and recon
veyances of deeds of trust were record
ed. It is not possible to obtain the
total involved In these releases from
the offlce of the recorder; however, 414
of these releases and reconveyances
stated the amounts involved and
showed a total of $1,532,641.
The largest mortgages recorded dur
ing the month were the following: The
German bank loaned to F, E. Knowles
$H>o,ooo on three parcels of real es
tate in the Potrero, the Hibernia bank
loaned $100,000 to St. Mary's hospital
on the block bounded by Hayes, Stan
yan, Orove and Shrader streets, and
the west corner of First and Bryant
streets; E. D. Conolly loaned to Duncan
McXee $56,000 on block bounded by
P and Q streets. Thirty-fourth and
Thirty-fifth avenues: George E. Tuman
borrowed from the Union Savings bank
of Oakland $100,000 on property on the
south side of Sutter street, between
Mason and Taylor streets, and the Ger
man bank made a loan of $80,000 to
Fernando Nelson on property In the
Western addition and Richmond dis
trict, and the Savings Union bank of
Pan Francisco loaned $65,000 to J^. O.
Stewart on property on the north' side
of O'Farrell street, between Mason and
Taylor streets.
The largest release of the month was
that given by the Savings Union bank
of San Francisco to M. 1* Cook for
$70,000, on the north side of O'Farrell
street, between Mason and Taylor
streets.
INTEREST RATES
interest rates remain at h% to 6 per
cent net at the savings banks, nearly
all the banks loaning at 5^ per cent
net.
LARGE SALE IS MADE
OF CHOICE SUNSET LOTS
Oscar Heyman & Brother have bought
from Thomas Mullaney. 25 lots in out
side land, block 81$. between Forty
fifth and Forty-sixth avenues and X
and L streets. These lots command &
good marine view. Macadamising of
the streets will soon be completed and
the lots placed on the market. Oscar
Heyman A Brother this week sold a
lot at t*he corner of Ulloa street and
Ocean boulevard for $2,000, which went
begging 10 years ago at $500.
BUNGALOW SITES SELLING
AT MUIR WOODS PARK
During the present week lot« at Mulr
Woods park found a very active mar
ket, and Inquiries for low priced camp
ing: and bungalow sites are increasing.
This is probably due to the advent of
good weather and the desire of the
many to get out Into the country where
hunting, fishing and outdoor life* can
be indulged in, and still be within a
few minute*' ride from the metropolis.
SmW f* ATI
1 1.1 1 JL^#^^ v^nww
.- _ ■ ._„ . >\iiE2>^ .•_ _ ....., v .
THE SAN FRANCISCO CALL, SATURDAY, APRIL 8, 1911.
FLATS BUILT IN MISSION STYLE
LOOK LIKE HIGH CLASS RESIDENCE
Mission style flats to be built at the corner of Filbert and Broderick.
LOAN MARKET HAS
SIGNS OF REVIVAL
Numerous Small Building Loans
Have Been Made and Appli
cations Are Increasing
Although unusual dullness has char
acterized the real estate loan situation
for the last 10 days it shows signs of
renewed activity. A number of small
building loans have been made by the
savings banks this week and applica
tions for this class of loans are In
creasing.
The German Savings bank lent $t,250
to M. A. Little to build a residence on
lot 25x 120 In the west side of Fourth
avenue, 375 feet south of Irving street.
The Hibernia bank lent $10,800 to T.
C. Van Ness Jr.. on lot 60x85. in the
south side of Turk street, 27:6 feet
east of Polk, to be used on account of
purchase of this property for about
$17,000.
The $35,000 loan by the Hibernia
bank to Mary G. McLellan on planing
mill property on the southeast side of
Bryant street. 400 to 500 feet southwest
of Fourth, was a renewal.
The Bank of Italy made a loan of
$8,000 to John E. Behan to build a nine
room residence on lot 95x35 feet at the
northwest corner of I street and First
avenue. The 60x104 feet property In
the northwest line of Twenty-third
street, 26 feet west of Florida, was In
cluded in the mortgage.
The Fugazl Banca made a loan of
$3,000 to F. Ferrari and associates to
erect flats In the north side of Vallejo
street, 126:6 feet west of Kearny on lot
19:6x57:6 feet.
The Fupazl Banca al«o lent $«,000 to
the Home Land cfimpany on 32 lots in
the Sunnyslde addition near the Sutro
forest, for street work anfl general im
provements.
The Security savings bank's loan of
$19,000 to O. N. Owens on property In
the west side of Fillmore street, 29:6
EXCURSION
WALNUT LANDS
CONCORD==
A SPECIAL TRAIN
to Concord in the beautiful
Mount Diablo Valley
where English Walnuts have been successfully pro
duced for the past 18 years, bringing 3 and 4 cents per
pound more than the regular market price.
A Safe and Sure Investment
as a few acres of walnuts will provide for you hand
somely the balance of your life.
Join Our Excursion
enjoy the country, hear and see what walnuts are do
ing, and come home with an armful of beautiful poppies.
Take Santa Fe Ferry 9:30 a.m. from San Fran
cisco, or Santa Fe train from Oakland Depot 9:30 a. m.,
Sunday, April 9th.
Callor send for maps and particulars, or buy your
tickets of our representative with the Yellow Badge.
R. N. BURGESS COMPANY,
907 First National Bank Building, San Francisco.
Or 1172 Broadway, Oakland.
New Style Residence
For Mission Street
Residence to be built in Mission
street bj» Oscar Herman & Brother.
Joseph Cahen, architect
feet gorth of O'Farrell, lot 85x100 feet,
was a renewal-
The $12,000 loan of the Savings union
bank to Robert S. Brown on property
in the east side of Devißadero^s6 feet
north of Washington, lot 45x100 feet,
was a renewal.
The $20,000 loan by the Security sav
ings bank to A. J, Cluny on property
In the north side of Haight street. 55
feet east of Octavia, 56x130 feet, was
partly a renewal with slight increase.
The $23,500 loan by the German sav
ings bank to T. W. Huntingtoh on five
parcels of property mostly In the south
of Market and Mission districts, was a
renewal.
The Flrtt federal trust company took
a bond mortgage of $1,000,000 from the
Sutter-Butte canal company covering
larg-e Interests in irrigated lands.
The German savings bank made a
Joan of $12,000 to G. B. Elklns on a
lot 27x120 feet In the south side of
Turk street, 137:6 feet east of Franklfn,
for the purpose of erecting a class C
apartment house of 22 suites.
The $H,OOO loan of the -German sav
ings bank to A. Alfred Gonzales on
property in the east side of Front
street, 82 feet north of Clay, 27x120
feet, was a renewal,
The Humboldt savings bank made a
loan of $3,000 to the So<fc Hoo Nam art
company to build a two story brick
structure in the north side of Wash
ington street, 120 feet east of Powell,
24x57:6 feet.
The Humboldt savings bank lent
$3,000 to J. P. Fletcher to build a two
■tory flat building in the east side of
Twenty-fifth avenue, 175 feet north of
California, on a lot 25x420 feet.
The"Mutual savings bank made a loan
of $4,500 to W. S. Rentschler to erect
three flats in the south side .of
Twentieth street, 130 feet west of Do
lores, 25x114 feet.
BUILDING PERMITS
SHOW BIG INCREASE
Varied Structures Represented
in This Week* Report
The bull&ing permit* for this week
made a very marked advance over pre
vious weeks of the season. One class
A structure was included*, for the Ger
man savings bank at Seventh and
Clement streets to cost $30,000. Fol
lowing is the building inspector's re
port for the week:
1 class A building. $30',0n0
8 class B imildingi 94.000
10 class C buildings 2."4,900
72 frame buildings 317i541
•0 alterations 35,040
Total $731,781
i I W £mr4rtmf(\ A ¥ ¥
11 W^-^W^^r^ in Burlingame
! fe-ii^-'R;li'^i^l&.: T- T UNDREDS of businessmen, salaried ■
f'i'-'SMM^'W^WyM^ i 1 men ' °*"cc employes, enjoy the luxury
I '•:£• "I• 5 |S?§\: *• *.^-iu£ :4%2 —~4s-- °* a home in that beautiful suburb only
v/-'\ • |l;i'-.;'^^: :"-i'.":f m^ts^ twenty-four minutes from the city. jj
: 4 4'""'■'•":^[i : >::v*vi ■• '- /*| j " v :;;{•• Give your children the preciou^ heritage of
«:^.v;*;^ : i[:i^'.;:" V";}^ '. ':^l ; a home. Build your home in a place like Bur
-1 y $M&MsM*i'l'.'.'ZLi' \l\'s) ' lingame, the most attractive home town in■ the
i-fc'^i/l^lv^V^''-::>::'••■I beautiful Peninsula country. EASTON is
I^4^^'^v'^'..v?^i^ iV*.*'iV' IV*^ :. --1! 1?^ prettiest:section of Buriingame, just back
(ij^r*'i^.M^VV^ •*.*:-V*i • -I- '•••I : /-of ; the county road on the gently sloping foot-
J?^"shi^^^6^"*"^*"^i^i " ' ! hills." Though; on -the market; but or.;a short - :
IJffhilMi-^^^* $i '^'iv^>'? 1 '^me* lts gently;rolling;slopes already boast-of
i 1 PIPlH'^--^^ '.••'i'.'-'i V;'-!i" 15 • scores of really beautiful homes, each one archi
s|f&^llll '^ .•^'H: '-■•'•. tecturally suited to the beauty of the surround
■ X^l^iM! W*L- '•**••*•*• V^- :-S^::i ;-- . m?- each one a model. :At Easton you will *
I £M^IP />C««^v*?i*: ,V find all improvements completed. Streets, side
«^^*M4 fi?\V i^y. ; *'< i:• * < walks, sewers, water mains, electric lights, tele
'pifwl-tf sv*;:. ■'■/;; :-"*.^ :"'.;•.■! phones, trees.
t MiJ-5' '3*'-r^* •''*'" ♦£ • '2«i- §'• Twenty-four minutes takes you from
* EM <:IK*v"--a:.*iit: ; - Easton Station to the city. NO FOGS— ■
fef4l Si •-. /.' >'%s\m FERRIES. The climate is perfect. -
?4lill •Cfi: •• i'-V^ $fl& j - : -*- • - v notjay c foundation for that home
'viflf :"^?^!?i^ij"' ,^r now'> The terms are easy—slo.oo per
''''■-$ 'I s'"-'.;",••>;*%* ;' month- Come out tomorrow and! enjoy a
? j J^^ri^^C^&^jili:^ Spring day in the open. Take Southern Pa
i\ '■: || f-$-^'jrf^i^jS{:Siv. cific* trains at Third and Townsend or San
J Ili'l'lK $&WHfs)£k ; Mat^° EJeclric: «el off at Easlon' For hr
* ••{fejjjSj */';S & '^S^Pi^^M -ther information call or write to Easton Addi- :
IM^^^W^M^^M^ Uons ' Rooms 224, 225, 226, 227, Mils
STORES AND LOFTS
IN CLAY STREET
The American fish and oyster com
pany, whose principal place of business
will be in San Francisco, has Just
signed a contract with the Frank "W.
Bafden company for a fine class C
building to be erected in the northerly
line of Clay street, commencing at a
point 137:6 feet easterly from Mont
gomery, thence running easterly 45:10
feet by a uniform depth northerly ol
122 feet to Merchant.
This building will be constructed
with all modern conveniences and will
have separate entrances' for ground
floor and lofts and will have solid glass
fronts from top to bottom. Half of th«
ground floor wHI be occupied by the
American fish and oyster company and
the other portion will be let for other
purposes. The ground floor will be 19:«
feet in the clear, affording fine light
There will be installed by the American
fist) and oyster company a refrigerator
plant and other conveniences to han
dle their flsti and oyster in a sanitary
manner. The company will also be
equipped to furnish refrigeration to any
tenants needing It. The refrigerating
machinery will be of the Frick type,
the standard machine of the world,
manufactured by the Frick company of
Waynesboro, Pa, The two upper floor*
will be-finished in lofts, the first with
ceiling 13 feet in the clear and the sec
ond with ceiling 11 feet in the clear,
and is an '-Ideal location fof office pur
pose?. '
This building is on the site of the old
Pacific fruit market, occupied for sev
eral years by Bale. La Coste A Co., A.
Boutillier and A. Decourtieus & Co.
HOME BUILDING
IS INCREASING
That home building Is starting up
with a vigor exceeding: that of several
seasons past Is evidenced by the build
ing inspectors' reports and architects'
announcements.
Architects A. Paterson Ross and T.
W. Burgren have let contracts for two
residential flats to be erected for Mr*.
Isabella Woodside at the northwest
corner of Filbert and Broderick streets,
which will cost $17,000. The exterior
will be finished In the Spanish mission
i style. The living 1 and dining rooms
will be finished in Spanish mahogany
and the reception halls In curly red
wood. A large roof garden will com
mand a. fine view of the bay and harbor.
Each flat will have its own heating
plant.
A two story residence Is being built
in the south side of Mission street
I near Cortland avenue by Oscar He'yman.
| & Brother. Joseph Cahen is the archi
tect. It is thorougiily modern and ««ts
a high standard for this growing- neigh
borhood.
After many effort* on the part of
the property owners, Cortland averrue
is being bltumlniied, making it one
of the leading thoroughfares of the
Mission and land values are advancing
rapidly.
The land on which the new Heyman.
residence is situated was formerly a. ■
part of the Far estate and was owned
by Mrs. Oelrichs and Mrs. Vanderbiit.
They sold It to Hey man Brothers. This
is the last of the 208 lota in that tract. ■
Mortgage Investment Co. Loan at
bank rates. 709 Monadnock Bldg. '•
19