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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (May 9, 1909)
THE SUNDAY OREGO.MAX, PORTLAXD, MAY 9. 1909. CLAIM IS MODEST East Side Real Estate Dealers Believe in District. SHOWS HEALTHY GROWTH Portland Transfers Compare Favor- ably With Other Coast Cities and Without Any "Boom" Indica tions Heal Estate Notes. There would seem to be eomething of modesty prevailing on the East Side when It comes to exploiting that district of the city. Records show that holdings on that side of the river have been grad ually advancing, but at the fame time little blowing of trumpets has followed. No part of Portland is claiming a "boom." for conservative owners of real ty have taken a lesson from other Coast cities which had booms and propose to profit thereby. Good healthy growth in building . and settling up of new dis tricts is considered legitimate advance, while spurts based on little cause are most apt to retard rather than improve realty cpndttions. Along the lines of railroads on the East 'Side, and for some blocks eastward, there is an excellent conditiotr from the market standpoint. Every day the condition , im proves, as based on the record of sales. No phenomenal advances are recorded, but figures prove beyond controversy that values show a steady and healthy ad vance. No one can truthfully assert that Port land can help goin forward in building up. Property bought no in almost any district of the city is just as certain to advance In value as that prices are rea sonable, compared with other cities of the sanve size in the country, it is a matter of proven record that valuations here are much elow those in other cit ies, and the singular thing about it is that no good reason is advanced why this condition should exist. Investors from other parts, of the country are be ginning to grasp the situation, with the result that more outside capital Is being Invested here now than ever before. It is hardly fair to make comparison between Portland and San Francisco as to realty transfers, but It should be noted that the Bulletin of the Bay city makes a great ado over the fact that a monthly total of $2,000,000 in realty transfers is worthy of enthusiastic comment. It has been some time since the monthly trans fers of Portland have not footed over that figure. Another apartment house is to be erect ed In the southwestern part of the city. V. L. Morgan is preparing plans for a four-story brick, to contain 24 suites of three rooms each, to be erected on Klev rnth street, between Clay and Market. He recently acquired the lot, 30x100, from Mrs. Anna Marks and Intends to make Ihe apartments equal If not superior to anything he has so far undertaken. Flans are being prepared by Richard Martin. Jr., for the banking rooms of the Merchants Savings & Trut Company in th4 O'Sllea building at Sixth and Wash ington streets. The corner room, now oc cupied by a shoo company, is to be re modeled and . the quarters of the trust company In the Merchants' National Bank building will be added to the rooms of that institution. The front of the build ing Is receiving a coat of color and sand. Vancouver. "Wash., Order of Ragles has commissioned Goodrich. King A- Goodrich to prepare plans for a lodge building In that city. The building- is to be. of brick construction, 60x100 feet in dimension and la estimated to cost about 20,000. llartman & Thompson report the sale of 103 lots In Rose City Tark addition io April at considerations aggregating $55. 000. Several gangs of workmen are put ting In additional sidewalks and curb ing. Several tenants have taken up their quarters In the Lumbermen's building. Fifth and Stark, although the interior finishing has not yet been completed. Elevator service has been installed from the main entrance on Fifth street. Brick facing Is rapidly being placed on the concrete walls' of the Y. M. C. A. building at Sixth and Taylor. ' Work on the interior is also being pushed forward. W. H. Morehouse, formerly immigration agent for the Portland Railway, Light & Power Company, and president of the O. W. P. Land Company, and James F. Kertchem, for years on Front street and later with the Multnomah Box Company, have formed a co-partnership. They have opened quarters in the Board of Trade building. . Chapin & Herlow report the following recent sales: 1.455 acres in Riverdale for C. C. Barker to Luther F. Steel for $2750. Lot 8 in block E, In Greenway, for A. L. Carson to Hans Johnson, for $1600. Lot 12 ?n block E, in Greenway, for J. C. Rob inson to Alfred Ingvardson, for $1600. Lot 9 in block E, in Greenway, for S. W. Pfunder. to T. W. Reed for $1550. Tract No. 10 In Riverwood, containing 1.818 acres, for H. L. Corbett to L. A. Klein for $M00. Tract 6 in Riverwood. contain ing 1.741 acres, for H. L. Corbett to Felix Friedlander for $7000. Six lots improved with six-room cottages in Riverdale for F. P. Hollinan to J. O. Humphrey for $3750. A real estate transaction of consider able ""importance occurred last week, when the -Hibernia Saving Bank, as trustee for outside investors, took over the title to two and one-quarter blocks in South Portland. The property sold is on the fast side of Hood street, between Meade and Porter streets, fronting on the Oregon Electric Railway Company's tracks. This is considered very desirable property and will- have the effect of at tracting the attention of capital to the South Portland warehouse and factory district. The amount of consideration is not announced, but is believed to be about $60,000. BUILD MANY CHURCHES StXXYSIDB CONGREGATIONS TO HAVE NEW QUARTERS. Several Edifices Under Course of Construction and Sites Are Secured for Others. Excavations for the basement of the Sunnyside Congregational Church, on a quarter block at East Taylor and East Thirty-second streets, were completed during the week. Bids are now being re ceived for the stonework of the building. It will be of concrete blocks or stone facing, for which bids have been received. The building committee has the finances In such shape that no debts will be con tracted which cannot be paid. Money from the subscriptions to the building fund Is being collected and placed in bank. Tt is. estimated that the cost of this church will be $25.00rt, including the furni ture, and that the whole property will be worth $30,000 when the building is com pleted. In the basement is a complete system of Hubrooms and rooms for the young people. Ground has been selected for the new Sunnyside United' Presbyterian Church, south of Hawthorne avenue, but the lo cation has not yet been announced. A quarter block 'will be purchased. Revt John Acheson is the pastor of this new church. The Sunnyside Push Club has petitioned the Board of Education to purchase the west half of the school block now occu pied by a barn and other buildings, and negotiations are in progress with the own ers of these buildings. At Sunnyslds. between East Stark and Hawthorne avenue, a large number of at tractive homes are being built, especially along East Salmon and East Taylor streets. On Belmont street, also, a num ber of attractive buildings and several flats are being completed. The problem of the future of Lone Fir Cemetery is being considered by the Sun nyside Push Club. With residences crowding the cemetery on all sides, the club believes that the time has come when burials should cease, outeide of private grounds, and the cemetery made a park. to be cared for as such. At the east end of the cemetery graves have been packed so closely together t hat even the walks have been occupied. To remove the bodies Is not considered practicable, at least dur ing the present generation. Tenino stone is being delivered for the Central Christian Church, which is being erected on East Salmon and East Twen tieth streets, which will cover over a quarter of a block and cost $60,000. Rev. J. Ghormley is the pastor, and he says that the congregation will probably occupy the building by the end of the year. It will be one of .the most impos ing structures erected on the East Side. The stone Is light In color. GREAT FILL MADE Stevens Slough Crossed by 800-Foot Embankment. EARTH BULK TREMENDOUS Large Number of Transactions Re ported From Central Kast Port land District Within Past Few Weeks. In the ' matter of fills in Central East Portland progress is being made on East "Washington between East Seventh and East Eighth; on East Sixth, between East Oak and East Stark; on East . Ninth, across Stephens Slough. The latter Is a long embankment, between 600 and 700 feet. It will be completed this month. On East Washington the fill also will be completed this month. The Pa cific Bridge Company, which has the con tract for all these fills, is erecting a dock on the north side of its present plant on East Water street to provide more room for handling material. Foundation piles for the big building for the Nationai Cold Storage & Ice Com pany, covering a half block on East Washington between East First and East Water streets, have nearly all been driy-J en and the concrete work is being placed for the foundation. Fifteen hundred piles are needed for the foundation of this structure, .which will be four stories and be of brick and concrete. It will be the most pretentious building to be erected in Central East Portland this year, the cost being $150,000. II. W. Rand has sold to Mrs. Pauline Snider 14 acres and an eight-room building on the Foster road near Gray's Crossing for $6000. She will make her home there. Mho land is partly set out with fruit trees. E. V. Rice sold a lot 50x100 on Clack amas 6treet, and residence with eight rooms to Mrs. Stewart for $7000, who will occupy it as a home. Joplin & Meeks have been given the contract for grading the streets in the Country Club Addition of 25 acres near the Country Club Grounds. Wells A. Hurlburt has purchased 10 acres near the Country Club from Joseph S. Johnson for $9000. Mr. Hurlburt has not decided whether he will plat the tract or. not. A transfer recorded as a $10 sale by which 1500 feet of waterfront property went to William C. Baker, from the Mer chants Savings & Trust Company, really transferred property valued at $160,000 1n St. John. The land extends from the St. John Shipbuilding Company's site to the Weyerhauser tract and back from the river to the O. R. & N. right of way. Estimating the value of other land on the waterfront, the property has a value of $150,000, or $100 a front foot. Surveyors have been running lines from the North Bank Railroad brirUte to this site, and it is assumed that the tract may be- used for an electric power plant. Bailey Property Sold. Vanduyn & Walton have sold the Bailey, property, being 71 feet on Washington street, near King, to Jaeger Bros, and Harrington Bros., for $22,000. The property was bought as an Investment and con sidering adjacent values the purchasers have made a good buy, which with the improvements in contemplation in close proximity will very materially enhance their property within, the next few months. The agents say there is no rea son why Washington street win not be utilized for business purposes within a few years' time all the way up to Twenty-third street: consequently there is no better .locality for those seeking Invest ment than tipper Washington street. The Arm reports that within the past 60 days it has sold over $240,000 worth of properd in this vicinity. Mall & Von 'Borstel report the follow ing sales: A six-room bungalow and a lot 40x100 feet eituated at. 747 East Yam hill street, for Williom Bolivka to Alex ander W. Dow. Mr. Dow is a newcomer and will make the property his home. Consideration, $3100. A lot 50x123 on Clackamas street, between East Twenty sixth and East Twenty-eighth streets, for Don A. Cole to Judge W. N. G-atens. The judge intends to improve the. property. OF ' jj ER VINGTON From East 24th to East 27th streets and from Thompson to Brazee streets. LOTS 50x100 Including Improvements. . .. 10 Per Cent Cash, Balance Monthly. New Carline Will Run on 24th Street. SEE SCHOONMAKER" 708-709 Corbett Bldg: Phones M 7855, A 5722. PopMioi Si Bowing -into .i :gg Is Forcing - JSLaer gg Higher ;rj4oo MK M "900 ' v, LOTS $450 UP WITH THE DISTRICT OF WHICH IT IS THE CENTER IS THE ONE LARGE RESIDENTIAL SECTION " WHERE NEWCOMERS CAN FIND AN " ' EXCLUSIVE HOME ENVIRONMENT . NO OTHER. LARGE PART OF PORTIASD IS SO , CAREFULLY RESTRICTED AND THESE RESTRICTIONS MEAN EVERYTHING TO THE HOMELOVER. "11 LOTS $450 I P, INCLUDING CEMENT SIDEWALKS, STREET GRADING AND BULL RUN WATER. Price Includes Improvements Branch Office at Rose City Park. HARTMAN & THOMPSON Main Office, Chamber of Commerce Visit Rose City Park (Take Rose City Park Car) arid See ttie Street Improvements and New Residences fcssWsaa &wM.AMi,i iSissiii'-' Waii&t&jaa- fesaiaaaia SaaiaBK-ssissSSk Sji!te.iS. ;-. - rXs ." i V L O o E V THE ADDITION THAT'S ALL "O K" THE NEAREST TO BUSINESS CENTER RIVER ADDITION Bull Run 'water (.6-iiieli pipe regular city stand ard), grand view, building restrictions, hydrants, cement walks,, graded gravel streets, sewers, schools, churches, stores, both phones, three good car lines and all improvements paid. Strictly high grade property. .' OVERLOOK is advantageously situated on the East Side overlooking the Willamette and very close in. You can reach it in fifteen minutes on Mississippi, Union or Williams avenue cars by transferring at Russell and Shaver streets. ALL STREETS LEADING TO OVERLOOK END THERE THUS ELIMINATING HEAVY TRAFFIC AND NOISE AND INSURING SAFETY FOR THE CHILDREN Overlook has been off the market for some time until a week ago. Since lots in this beautiful addition have again been offered the public many are now securing the choicest homesite.s, where river and moun tain scenery is. always in evidence. Be sure to visit Overlook today. Agents on property daily. PRICES OF LOTS REASONABLE TERMS LIBERAL W OVERLOOK LAND CO. VERLOO j A E. H. WEMME, President and Manager Phone Main 216 H 207 BURNSIDE STREET 0 VERLOO En i o4.o