The Oregon daily journal. (Portland, Or.) 1902-1972, July 30, 1905, SECTION TWO, Image 19

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move faO and ,yoa pay as - you would ,'rent
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ItA TAYLOR .
O. W. P. STATION AT FXBLAND;
REAL ESTATE NEWS
Portland - realty- U en cf th - wt
r ; . profttkbl lnvatroats topn In aajr mar
' . kt 'Mer aoratlon -Of ralua alona,
" without conaiderlng tha raranna to ba
daitfvad from uainf tha land, or coins
Inta any dataU ot axpanaa, brinja batter
. 'tetania than money can ba loaned for.
' and even better than many of the beat
' buainaaaea Of the country yield.
, - The aalo thi week of the.. half block
. .' at Anknr, between Fourth and Fifth
atraata. hr tha Rurrall Investment com
pany for MQ.&00 la n example of the
. - , wonderful arowto m the Value of Dual
neaa property. Aa th la place of land
' la lit neither (ha faahlonabl reaidenoo
d!atrlct p9r the moat, popular byalneaa
v, aeetlona acoordlnc to thav llnee of paat
growth. It la regarded eapacially useful
i la giving a baala of general Increase
In valuea. .
, In' the yar 1JTI i "Jtha Knapp-Burrell
company oougnt tnia enure mock, pay
. Ing ia,260 for It Slnoa the north .half
" baa Just been aold for 160,000, It la fair
: to assume that the other half la wort:
an equafTigura, giving a value of 1120,'
, ' 000 to the entire block. - In th period
I of tt yoara the- market value 'of thla
. block baa grown from 110.160 to 1120,'
'000. ": Averaging thla anhanoaraant . In
value. It 4a found that the original In-
7 -vestment haa been doubled approximate.
ly every two and half , year by the
. mere growth of th olty, th praaent
market price being nearly 11 .times
larger than th purehna prlo tl year
' ,gO, . -v ;". . - ' .- :
if th original investment ,or iio.zsq
had been,put on' Interest drawing from
11 fa 14 r-n3n, mil Ihll laHmLwr.
, . compounded every year, . th-" reault
.Would have beea about equfrajent to the
profit mad from aoe ration in, value
alone.' -. . ..
Thea figure take no eognlaanc of
receipt from rebtala or other! aourcea,
.., nor cf disbursements tor taxea or Im
provements. Portland realty ba been
.regarded a good revenu producer from
rental value. Receipts from thla source
may ba estimated to take oar of taxea
'and improvements' and leave a profit
w of a fair figure. It la thla renting value
1, that fixe th market value a a rule.
for people have not been wont to Invest
, on the mere expectancy of enhancement
of the "worth of the ground. Aa flgurea
' are not available for thee detalla of
.". management in regard 4o the block' In
question, the only oatlmatea that can
ba made In respect to th earning capa-
city must be conjecture. But it I per
' fetftly safe tor estimate that rental have
""produced k fair 'profit," which ahould be
added to the r present selling value of
the land. v ' - '. '
. With such profit In realty, and th
beat of security aver given an invest
'anent, the worth of .Portland property
Is quickly appreciated. To get a reve
.' nue of 14. per cent men will take ques-
tlonabl loans, and . risk having long
period when they are not able to place
. their 'money. - In loaning 114,040 for a
period of 10 years, there are sure to be
' .times when the Intereat will b lost,
' land possibly a. portion of tha principal.
. 'If a good rat of Intereat la demanded.
Bualneaa la entered which require all
, of a maa'a time, bring gray hair, and
compel absorbing attention. If bonds
. Vof the more atable clasa are sought,
"from I to 4 par cent la th beat Interest
' that ban be expeoted, and In securing
these It often' occur that tha premium
paid materially discounts thla low rate.
In ell the world it seems safe to aute
that there cannot be found such a com
, blnatlon of. profit and security a Port
land real property of fere. When tha
' full significance of the sale now being
. . mad are appreciated, th people scarce
ly believe figures. '. It seeme at first
. incredible that mere increment .alone
"ahould bring a land owner in a great
. city larger return than loaning money,
.. and offer aa a further premium th re
ceipt from rente. QojUthere are a raul
. tltuda of Inatance of tha Immanae
" profit In Portland realty.1 Tha future
. of th city is assured, so that there
cannot be any possible question of th
' security. Keen-alghted men believe that
the growth ot the next two or three
' decadea will surpass anything ever wit
r eased her In th paat If ao, th ratio
' of Increase In land value, will ba In
proportion, "Whtnh -means ; even more
'. rapidly than for the period covered by
the history of th Burrell property on
Ankeny street. i?..:,,- :v ..-. . .
.Ankeny street I just entering upon
', It heritage of location for business
.purpose. Both wholssal . and retail
- buelneaa ba been alow to apread over
that lmmedlat territory, but the great
' block that Save gone up there and
' that are projected will Boon reclaim thla
entire territory a a part of the bual
neaa canter. -. Extension In thla dlrec
tlon la natural, a wholesalers and th
, heavy retailers cling eomfortably near
to the water front Th level roach of
land lying between Oak and Ollaan
streets la an Ideal " bualneaa region,
. which I being built up. and the Bale
. on Ankeny la an Indication Of tha value
; already attaching to th property there
about ' : y;
Dealer wer"alnrst startled vaster
day when th announcement waa made
that M. A. Ounat had paid 110,004 for a
half of th Pfunder tract of land at the
corner of Twelfth and ' Washington.
. RuieeT! tc Blyth had purchased thla
rroperty only reoenMy for 1100.000, and
tie ar ' .-t f te e. -anlty wa
that the former owner was receiving a
goo ngure. The fact that Mr. Ounat,
on of tha hhrewdest bualneaa men of
San- Tranolsoo and Portland, I willing
to pay for a half of thla land nearly
what th recent pureharea paid for the,
entire property, I aa eye-opener on what
th outside people think of real aetata
values here. When on Arm can make
a profit of nearly 104 per eent In a
month en a 1100,040 Investment, It la
apparent that real aetata -values are
climbing at a terriflo pax. - All of the
territory contiguous to tha rormor Duel
nesa center la being seised upon for
business property, and vastly greater
enhancement in price Is-yet expected.
Sal of tmr Burrelt property wr Fifth;
Ankeny and Fourth atraet revives
dreamy old reminiscence of th long
ago, When thia tract had th only skat
ing rink In th young olty of Portland,
"I think it waa about 44 year ago
when thla bock waa owned by Captain
J. My rick, now and for aeveral year
auperlntendent of the-Conner creek mine
yesterday; "A large number of our beat
citlsan had gsaembled iq the akatlng
rink building for eome purpose. Th
place we packed, when some boy on
tha outside began throwing roek at th
root of the blg structure.- When bund'
Ing th rink. It fell one after being
partly up, and th publlo had many mis
givings aa to its atrength, ' When thla
crowd assembled that evening and heard
th sharp reports caused by rock
striking th roof, they thought jtha roof
waa falling in. na there we a panie to
reach th doorway. ' Although , many
were, injured , In. tha , acramhl. 1 some
rather ' seriously, there were no fatali
ties. Among those present and a I re'
member being (lightly Injured, waa th
lata Judge Matthew P. Deady. ' Th oc
ourrenc baa doubtlee been forgotten
by a largo number of th eld -residents
of th city, but waa a thrilling event at
th time, nd th akatlng rink stampede
wa often rererred to several years art'
erward.' -.. -' .
At the time th Knapp-Burrell com
pany' bought the Ankeny atreet block
they had in their employ aa bookkeeper
a young man named Charles Sweeny.
He had juat com north from th Molt
ing soenes f Comstock mining, and
waa impressed with the vast poaalbilltle
of. mining. He talked It, frequently,
wondered why Portland men were. not
eager to seek mining investmente, and
finally went on t Spokane to locate.
Thla same Charles Sweeny .recently re
turned to Portland to Invest eomethlng
leaa than f 1.000,004 of money ba ha won
la Coeur d'Alen mining in Portland
realty. After a period of a quarter of a
eetrtury.. and after tasting tha aweeta
of tha northwest financial Bald, ha ma
to be bringing the bulk of hi fortune
baek to thq.elty where he worked for a
short time a an aspiring young man. '
The sal of th northeast corner f
Tenth and Morrlaon atreetsT 104 feet en
Morrison and 61 on Tenth, was con
summated thla week by Joseph BuehteL
Th entire- -to pert y, which waa taken
for a conelderation of 1 11,000, waa
owned by Miaa EL I Dlmlck and alatera
and Mrs. E. M. Edwards, tha first par-
tie getting $14,000 of th oonalderatlen
and th eecond (10.404. Mr. Sarah M.
Til ford la th purchaser of tha property,
and no announcement ha been made
aa to th plan regarding building, kf
any have beeri formulated, r f
WAVERLY
For th next 14. day X will aU lou
11x144 in thlanoat elghtly traeti only
41 minutea' walk from First and Morrl
aon streets, for 1200 each and upwards;
on terms within reach of all. ' For
further particular see '., "-'y.,,
Joseph f.L Qealy
For bargain In farm, city property,
river front acres re, cosy auburaan ct
as borne. . Apply to - . 1s . . . .;-
LAWRENCE CO.
; v 149J-S First Street .
lire
A-beautiful tract that ba been cut
up Into lota Th land I abov street
grade, ha water piped to every lot. Is
convenient to good carl tne and aur-
rounded by many modern horn, '
Containing a lot and a half each. We
are aelllag for aame prlo a 14 foot lota
In aame location. To theTlrst few buy
era we offer liberal discount. ,-- ,
Portland Trast Company
. .-. OF ORBOON ;
', lOt TXXM9 BVMMWt,' J
Traata toy Olty and ambarhaa Bealty.
Hot Humhrs for the Wise.
. , ( ..
ft, toO Magnificent new, strictly mod
. . em 4-room roatdenee. corner lot.
. i beautifully landscaped garden and
decorated, very choicest variety
poaa shrubbery, close in, east
aide.
fx, OOO Very excellent river front 146
, acre farm on Lewis river, - two
i. , mil from - Woodlandl 1 acres
beat of beaver dam and 14 acres
of upland In cultivation: living
water, good realdenoe. barn and
knd a very exceptionally deslrabl
country home," rich soil and oon-
- vonlent to market. -SMOO
Strictly modern, up-to-dat -acre
poultry -ranch, I minutea'
-''; -walk, eleotrla care: beautiful cot-
i i ,- ' tag, k large poultry houses. In
- eubatora, brooders, choice variety
' . fruit; plao all fenoed into depart
' i- ments, A distinct money-making
' ' plao. -.-.'.
flOO Very excellent II -acre plao all
- 'In cultivation, small house end
barn, eve minuter walk station,
- good schools, churches, , 14 miles
' ' out - .
H.400 "An excellent 44-acr place, good
bulldlnga, cbolo bearing fruit
' ogooa water, on mu eiecine ear,
' A wonderful barnlrv 1 .. . .
S140O--Very excellent quarter . ' block1
with now -room eottaare, ebotce
,: ? rruit, barnea and. shrubbery, ex-
iT-r'Hnt gnMvn, ftn , Tl rfgnth
91)00 Two Urgs lots, very beautiful p
. I -room residence, 6 block from I ; '
woodlawn atation. . .
STBO Coxy -roo.n cottar with t full
lota, a comnleto - little home. 34
fruit' trees, all klnda of berries J
and shrubbery en Plymouth street, I
woooiawn. 1
STBO Excellent new 4-roora eotta!
cost $800 to build, with-full lot,
" ' blocks Woodlawn station.
$800 Over a full lot with a eosy cot
tare ona block Woodlawn station.
uasn wiu out bviiuv xooi 10c. 1
mall but neat cottage..,!., block I
cars, osjt urov.
birnlni In farm
river front acres re, cosy aubura
it
TTirn
7 a
(.Balm III I Islio
GOOITE AIW SEE
1. '
V. 1 v.'. V i-' ' '
mm . " - a J ' J -
VTak a Vernon car on Second and Washington streets' today and get that beautiful ride to r
"TTVemon and back for Fhe CentsOur agent at Vernon le Instructed to give every one that vlslta '
; Vrnon to'day a ticket g6od for return. We do this to get people out to eee Vernon, for we know
-any one that sees this beautiful site will never live In any other part of the city if they can help it.
' Remember our agent will hand you a ticket to go to any part of the city when you ; are ready to X;
leave..., -w; '- '.. . .
X
1"
You see VERNON and VMJOFJ ivill da Gie rest f or us
. . .. j... ,v- - x-
75 2 sixth sr. :
-1. -
RHONE MAIN 16
'.'. -' it VP,'"'- ' -'-tv!.-
.,'.'.'. v'.S.
1 i:
Ownor,
14 Ablngtoa, 10Va fhlK St.
.Deslrabl 14-room residence.' all mod
ern improvement within 1Q0 feet of
King street fronting south), la offered
at a bargald by owner if .taken now,
17.000. An exceptional -opportunity t
acquire a bom la the best reaidenc
district-.'. '
1-, v . ' ' .. .. ' "
A; H. -BkygH
McKay Bid, Third and Staxk.
iSi
th
If You Want a Esndscme Wti
Of t or I room. 'Don't fail. to see
two very cnoic new nrst ciaa houses,
all complete In every detail. Sell part
monthly payment, Nertheaet corner
EaBt Baimon ana iwentietn etreeu
XM Skerloek Bldg '
Good Buys
Little Money ;
$630;
(1)73
SI730
atreet
1
1 Lot 10x104 on Belmont at, sew.
r, -waior, Biaewaix,
macadamised. -
Lot 14x140 on East 14th at,
aewer. water, , street graded,
aidewalk laid.
Willamette Height let, ce
ment sidewalk, Improved street,
good location, excellent view.
A bargain. ' v, - - - .
Cholc little I -room auburban
home with four Iota, fruit and
flower In abundano. Ask for
' Ural.
12000
Fin corner 146x144 on Port
land Height, l-room oottaga
A reaaonabl property.' I
Thea and other for al by
Portlsnd Trust Company
yy OF ORBOON iX
y':: ioo taw iir ..-.-''-.-
3A VttW COTTACX
For Sale On block fmm atation,
modern, nearly new, completely fur
nished, I bedroom, water In kitchen.
Lewis iSCIarR Fair
Camp Grounds Company
gurrouaiag ana Aajouiag ' 1
HAWTHORNX PARK
Gateways from . camp : rrounds
Into park. ' Seats, tables, swings,
lagoons and shade in this most
beautiful park in Portland. Ten
minutes walk from the business
district ; on west side. . Twenty
minutes to : the World's Fair
Grounds by cat.. live at home in
Portland and . avoid, the heavy
cost and inconvenience of the
crowded lodging house and res
taurant. There will be an at'
tendant in charge of the Tented
City day and night. -Free tele
phone connections in his office.
The famous Bull Run water piped
on the tract free. Toilet arrange-
ments and sanitary appliances lo
cated convenient to all. Garbage
will be removed daily at expense
of the company. . All avenues and
alleys will be kept clean and free
from rubbish. You must reserve
tent space for time of your visit.
Send us your reservation now,
that we may be able to take care
of you when you come. Remit us
$7, which will pay your first two
weeks rent, with right of occu
pancy at $2.50 per week thereaf
ter. You can reserve for any two
weeks during the fair period. The
first to register will have choice of
space. Mail all remittances to
C Y. HARRY, Secretary-Treasurer
v . US Beeond St- Portland, Or.
Phone Main 414.
Or any of the following agents of our
Company! . .
Herbert L Gill.... ...Woodbura
Howard St Scott.......,, ,. 1 ,. .Albany
Surley Taylor Independence
on. N. WheeJdon.. ....... .The Dalle
A.' R Blender kfyrtl Point
Au. Huckensteln Salem
Ambler 4k Wattera.;..,..a..,.Corvallla
Campbell Fuller.. .Dallas
Britt A Asplnwall .Brooks
WASHINGTON ST.
ALDER STREET
. SIXTEENTH ST.
A MAOXIFICEXT . BVSINBSS ., 8ITB
WITH ABOV THREB FRONTAOEB.
EW,Wk5ii.E.j.Otly,222FeiItogB!di.
Addition Is the place to buy a first class modern home at a very low price. I have three ready
now. ' One, 6-room without basement, $760; 6-room, $1,250 ; 8-room, $1,750. They all have
full basements, porcelain bathtubs' and toilets, hot and cold water, wood fiber plaster, picket
fences and all large lota. Remember, there are no shanties in my addition. , I have built and
sold 52 homes already, and have three more ready now. X have a few choice lots left at $73
to $150 each. "Also some choice acreage at $165 per acre. Remember, X will give very- easy
terms or big discount for cash. See me, the owner, JOE NASH, in big white house at Nash
ville Station, on the Mount, Scott car line. ' Phone Union 1561. .. . .
Property Can Do Seen Sunday os Well as ,Wcc!x Bayo
' 2,500 One "half cash,
balance at 6 per cent. Will
sacrifice, if sold at once, a
modern colonial houses 7
rooms, full basement and at
tic i porcelain bath, separate
toilet, best of modern plumb-
ing; with gas and fixtures;
sewer; Bull Run water; all
fixtures up-to-date pass
pantries; large colonial hall;
street fully improved, is up
to grade; cars pass door and
two car lines within a block;
house on full lot. 00x100, air
most new; close in, 430 East
Eleventh street, near .Sher
man. See owner at 11 North
Third street or at 'residence,
23 North Park.,
FREE
LANDS
In the Canddian rortbvcst
- ' Agency, Room 2, Chaaibcr cf Ccr-trce.
....... . ... l . . . , v .v ., . , . :
THE GREAT NEW
LAINU OP PROMISE
Homestsad of 114 acre of excellent pralrl land GIVEN to the ,':
who will live on and eul Urate same for six month each year for three
year. American notTrequlred to tak out papers, except they should
warn, m M ... - "
OAXfc AaTD
OV SZUrXAT OI CBAXBS.
VERNON
............... . yj
Saneethme tecelted tndar la asnrer te ear
tlO prim offer let fear-ward aomse tot ear
ernes ad.l " -
'Vemonl Omw wltb Terwne."
Vernon's Bound to Win. ' .' ..
"Thraeah Pertletid te Teraoo,"
Ternoo tsi Oosijii."'- -'BMatlral
Teraos. ttf Heeie."
"Verm Ome llnsM eekn.' '
Hte the Bent Habit." , , .
The Spot That Bailerta." . ,
I'Vernoa Dloes Beenae BeHars.'t ; . . ,
'Tenna Orerlooke Twe States.'; . .
Tornes tlew Irreeaitlhle." g 1 , .
"erime Paixirt te IToeeerttr."
Lets ISO te ttwX eel ea ea IsetaUeMete...
. K2C2E LWESTKEKT CO.
iiim bixtx tx. , '. non suar i
FARMS
Examine our Urae llat of farms, over 14,404 acres, and aom f th
-irery beet on th market. We list for sale no farm we retard too plan
In price, and aa a rule can eell at lower price than purchaser oould p
slbly secure by mahln an Independent search over I he country. K
know personally nearly every property we offer for Bale, and ad r lee lo. .
tendlnr purchase re juat what will be found upon inspection, fully realla
Int that unlena found aa represented we cannot hope for a sale. .
Our tlet is entirety too larse to undertake to advertise Individ"'
farms, but have nr- - red and will supply Interested perte with I
and any furtnar fnf Mutation wanted. Write or call for llat, edve-
to eharacter of farm wanted and about amount i-wHM pev
- We re.-r to any Vank la Portland aa lo our an ....jT an I
methoda, , .jr-
-
y