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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (April 28, 1907)
;TIIE OREGON SUNDAY JOUKNAC, PORTLAND, SUNDAY MOKtJTfJO, 'ArRlE 3. 1837. TQTA'i WEEKS REALTY TRANSFERS OVER HALF OF MIL! nor STOPPine RISE VALUES Real Estate All Over the City Chows No Sign of Im- . ' " pending Break. SUBURBAN TRACTS : ALSO INCREASE IN PRICE Great Prosperity Among All CUmti and Phenomenal Additions to ; ' Portland' Population Responsible for General Upward Tone. .. Building permit (or th week ending yesterday at noon amount- ed to 1164,640. So far, the value of permlta for - April have ached the eum of $L((,6S0 nearly 1500,000 greater than those of any month In the his tory of Portland, and more than three time as much the value of those Issued In April, 1(01, .which was the first month In the history of the city la, which the permit reached the 1500.000 mark. . . - The realty transfers for week" mounted to $5J,i70 which is 'a) well above the average slnoe ..the ) first of tha year. .;: ' - ;. , The remarkable Increase In values of .' Portland real estate In tha relatively short space of two years, aa displayed on official records and plentifully veri fied In the books of the city's realty '. dealers, .' clearly demonstrates the ad vantage of possessing that most valu able of natural gifts foresight' -. Hundreds of Portland resident have achieved financial Independence by read i lng the signs of the times aright, two . years ago. and Investing their savings in Portland dirt. Thousands might have ' pursued tha same wis course, and the denouement has -. amply proved that they would have at no time been In any danger of loatng. - :- i, ;.'' 4 ' ' ' i ' Xlstory WtU Btpwt Xtsslf.' f , '; ' What has proved true In tha last two years will prove equally ' true In the next two years, Is tha best Judgment of ; scores of Portland' most careful. Intel ligent and cautious Investors, who are In no manner' deterred by - tha present , 4 prices of property In this city and envi rons, but are quietly picking up every , good offering. .-i' ' J -The question' I frequently asked, what .. Iia caused Portland realty to make such , phenomenal' advance in the past two years? The answer I simple; It Is the s ' almost unprecedented Increaaa In popu lation. "-Thousands of these newcomers, '., well-to-do resident of the east and mloV die went, who visited the -Lewis and " Clark fair two-years ago, were attracted i- Ji sm MStawss-...!--!! - ' .1 ! ft ELKVEN-8T0RT BOARD OF by our unequaled oil mate and splendid business opportunities, returned to their homes, sold out and cam back to. In vest In Portland. a. 11 Classes Prospsaoa. Another, though lees potent, reason for this extraordinary Jump lit values Is the prosperous condition of the stockraleers, farmers and fruit growers of tha -Willamette valley and eastern Oregon, who In the past three or four years have mado a great deal of money. Large numbers of them have Invested heavily In I'ortland realty. For the most part thetr purchases havs not been of a speculative character, but were made en tirely aa Investments. - Of course, It would be Idle to undertake to enumerate sll of ths reasons for Portland's splen did measure of prosperity. Suffice it to say. It Is here, and every Indication points, to the fart that, It Is here to stay. ' Notwithstanding the fact that-the merchants "have more business than they can handle, that the builders have more woatthan they can find workmen to do. TTat the sawmills hgvs orders for more lumber than they can saw, that every branch of Industry Is overflowing with prosperity, yet there is tCtt occa sional croaker, who insists that prop erty Is too htKh, that the bottom lound to fall out of Portlsnd and ths whole town go to the demnltlon bow-wows. " ' Croaker Bfcout Vnaotloed. ' Occasionally soma faint-hearted Indi vidual points to the number of our pros perous suburbs . and additions and ax claims that the whole oountr la being cut up Into lots and sold, out at high prices to the utter, ruination of the pur chasers and the general discomfiture of everybody elss. . ,-..-.- Men gifted avlth ' wisdom are undis mayed by such ridiculous prophecies a these. The wlae man, 'especially th father of children, will 'take advantage of tha first opportunity to build a borne In the-country that Is to say In - ths suburbs a place easily reached, and yet with plenty of fresh -air and room for children, where they may frolic at will and grow strong of heart and sturdy of limb. The suburban addition Is the nat ural home of tha laboring man, and In these days of th trolley oar and rapid transit thousand that formerly lived in the crowded elty district are seeking the freedom ef th small cottage on the 60-foot lot that , can be purchased on th -monthly installment plan for but little more than was formerly paid for rent.,., t . , : ' mi ' in Tain ValvwaaL : But to return to' tha subject of th Increase in city ' and suburban .value. Th growth In. value In all part of Portland and environ has bean mora nearly uniform than la usually tha case with such long-continued and large In creases. In the extended business dis trict the increaaa in proparty value ha been about. th same In every di rection, except along Washington street Because of th faot that that thorough far 1 th main artery leading to sev erer large and fashionable residence dis trict, ' retail business ha, sought and IS seeking - location there In greater number than on any other avenue lead- Jng from, tha oenter. ' For a ling tlm proparty hi Booth Portland was cheaper than In any other portion of th oity equally distant from th oenter, bat daring th ' past few months value there have greatly in creased, largely because of th addi tional street railway facilities - under, construction la that section. . Th railway development on th lo ri'fi fir! ! TRADB BUILDINO BEING ERECTED ,...!, i. i u . iiii, ii ,,.,.n,i, .i.m. in ,ini.M,iiiii,iJ.Wili. i , ...ui.i-i mi I. .J.J.I.. ... ny .i n,m.!fm, m i a k . . ' ,,y h ..-.Tf ' tfP lrfH h.nr;: , .u! ' riMil :i fevpv V fr avpy, m k:Cx fV' timtti rxu m :m :r-: 1 is m mm i3M " .-. j m mi mm imi m -rWUSmiJONGtt '-VJ r- r n; ,.T til , ' i 1 . ;l?iMiq'" ' waj.e. I i i Wf;1 . , v , . . , B z:zzr, ; - s , Ui - ' ' I L- , , r ii .;; i r ' T- - .l 4 ' ', i- , w1"3 ' ' V : r, - - 1 - ' : ' 'I t 'r- .. I - ' " - - ' ' ' ' ' ) . J -V- --r l t t - '" V K --' ' " " I i peninsula, together -with the'larga In dustrie located there wa entirely th cause for th lnereaa in values in that action ever other suburban district. FREE LOT; Will DROP FRO!,! BA11005 IS AIR A -free lot on Portland: Height, not for everybody, but for a lucky some body. Next Sunday afternoon, May jl AT SOUTHEAST. CORXER Ol FOURTU AND OAK STREETS 1 - . D. XL Keaay -will, send up a balloon on Portland Height from which a deed to '. a Portland Height lot will b dropped and . th , person . getting - th deed become th' owner of th lot - Br. Keasy has recently acquired a large amount of hslgbta proparty which he 1 improving . and will shortly put en :th market, ; ,; . .. I :. Ti-lUwv't: Ak;A'"v,;- for our annual statement giving valu able information on oar growth full of interest to th depoeltor or anyone eeklng a depositary. Portland Trust Company of Oregon, southeast corner Third nd Oak. -.-. r4 V. ; Tvl- rfj 1 3 .-' .. t r- i " ' 04ffACS RESIDEIiCES ARE 111 BIG. DEB Bright Days Are Attended by In creased Activity Among Seek . ' rs for Home. i, KEASEY SECURES TRACT ON PORTLAND HEIGHTS D. B. MckJ Find Many Seeken tor Pleoo of Property in Sooth Portlatid After Ho Haa Adwrtlawd ta The Journal. V.7 i,;A The warm. pring-llk weather of th paat week had much to do with tha re newed activity In th looal real estate market. Th total voJum os tn weeir transfer went well above th $800,000 mark, while th realty dealer report a largely lnoreaaad inquiry for all class of proparty. . - Th demand . for roaidsno property eeems to be greater than at any time during th past few month. An exam ination of th transfers filed for record for th past weA bring to light th fact that about T5 per cent of th total 1 a record of th al of residence and resldeno lots, varying In value from $M00 to IM00. -.., ; .,- ' Buy n Portland Height. ' " . On of th larg transactions reported during th week was th purchase by D. K. Keay, th Portland Height op erator, of a large number or Terrace Height lots for 111.000. It I under stood that Mr. Keaaey will soak exten sive improvement in tha way of street and sidewalk work in Terrace Height prior to putting this proparty on to market. v A. H. Hoplu of Seattle, owner orth Chamber of Commerce building, ha cold to a local Investor th block bounded by Yaughan, Wilson, Eighteenth and Nine teenth street for 1 40,000. - , Mr. Hoplu bought thl block about tw year ago for 111.000, thu clearing over 100 per cent on hi transaction. It 1 announced that the purchaser of th property will probably put up on or more warehouses on it within th year. rniobaao on Second atiwea, . : John H. Petereon has purchased ' a IB-foot lot on Second street, between Oak and Pin from I H, Tarplsy for 114,000. ..- . - ' . ' ' v,',. -... - , , - .- A SS-aer tract on Colombia slough waa old by ynta Btrobel to A. O. Churchill A Co. for 110.000. , ' D. B. Mackl of th Commercial In vestment company had a strenuous time early In th week with a piece of South Portland property which had been listed 1th him for sale. Lsst Sunday Mr. Mackl advertlaed thl property In th column of The journal, eettlng forth It attractive features; tha next day he had If Inquiries answering the adver tisement and could have sold It half a dosen time during th day. ' Th property la th old Riverside no- tL - at th foot - of - Hamilton avenue, and waa taken by Frank Dayton of the Dayton Hardware company, who paid V. A. Fosdlck 110.00 for It. . Lout p. Beno ha purchased from Richard Healy th lot at tha northwest coiwr of Twelfth and Overton streets for IS.M0. f , - . lt of ta-wwiry JtowA' -Tha transaction whereby M. 1 Hol- brook purchased from R. B. tmon an undivided half lnteret In th quarter block at th ' southwest . corner of Eleventh and Stark street, baa Just been closed. Thl I th lt of th proposed six-story hotel that Meaara Holbrook iAtnson are putting up. i n contract of sal wa mao vri months ago. th purchase price na-evig been IJO.OOO. A halt Interest in the same property would bring today not lea than 1(0.000. ' Th outheeat omr.f - UtaMn. nu and Eaat Fin e treat has been pur chased by C. VT. Hastlnrs for 111,000. Samuel B. Schwab haa taken title to a lot on the west aid of Sixth street, be tween Johnson and Irving. Jams D. Hart owned th proparty and old it for 110.000. - i Sif anoii on ravistisasi. , Th northwest oornar of Orand ave nue and East Irving street haa been sold by T. J. McName to J. B. C. Lockwood for 11.100. r. B. Mackl made th sale. Three cottages occupy the lot, which bring in a revenue equal to I per cent of the purchase price. Th three handaom double flat at th soutkwest eorner of Clay and Tenth a treats have been purchased by W. H. Powell from Charles H Ruayon for 111. S00. These flats are among the most desirable in th elty and rent for about T Pr oent net on th purchase price. The congregation of th Slater of th Mist Precioue Blood haa purchased a quarter block on th southwest oornar ef Higuand street and Cleveland avenue. Thl order own other property in th same vicinity and it 1 understood sub stantial improvements are oontamplatsd. A4 large number of eaat aid denoes, varying in value from $4,000 to $(,000, changed hand durina tha neat week. J. IX . Wharton purohaaed a dwaUlng and quarter block from Mr. Joeephlne Hlrsoh. located at the south west eorner of Eaat -Seventh and Broad way, for t,006. - Henry Oeraon, admlnlatrator, ha sold to ID, r. Loom Is a lot M tha oornar of Claakama and Benton atreeta. Lower Alblna, for $5,100. , ' ; . Th ' southeast eorner of Rose and Broadway haa been purohaaed by H. J. Malheur from W. B. Bolton for $5,000. A $4,000 house and lot en the south oast corner of Failing street and Cleve land avenue wa sold by A. L. Howard to John F. Bahmann. I F. Dye -has aurchaeed from Oeore Bieioa io oy io xeet on th eorner of East Thlrty-alxth and Eaat Main streets, Bunnyalde, tor $5,500. . ,,' Bungalow iu Btghaav. ' On of the bungalows recently creat ed In Bungalow Qlede, Portland Height, naa oeen sola w A. M. Lano for $5,000. A ' number of Portland real estate dealer, composed of B. J. Daly. J. O. Rountrae of . Whiting A Rountree. J. Adrian Epplng and O. T. Baker have purohaaed (41 acre of Hood River apple land and have let contrast for clearing th entire tract and planting It tn apple tree. Newton and Bpltsen- oerg. in apple that have made Hood River famous, only will be set out. In addition to the syndicate Durchaae Mr. Bpplng ewn (0 aore. 10 of whiea l in full bearing and from which he derived a net income laat year of $4,000, air. Kountree purchased 4 acre in dividually a few week ago, which he I having mad ready for planting. 'B. J. Daly bought a quarter-aeotloa laat fan near the syndiosw purchase, all of which will be set In apple within a year. . . . v ; .... v CARS TO ROSE CUT ' PARK BY HAY-15 No Falllng-Off In Demand for Lot In the New Addition. , . It la new annoanoed that the electric car line to Rose City Park will probably be in operation by May 1$. A tempo rary crossing ha been put In where the electric line crosae tha O. R. A N. track, aa it will be some week befor the forged steel crossing arrive from th east. All tha steel rail have arrived and been distributed along th line. Th entire grade haa been completed except through the hill In Rose City Park and the cut there will be finished within a week. A six-Inch water mala la being laid from th big Peninsula servloe main, which will reach the park soon after June 1. O. W. Taylor" new r- Idenc In the park la about ready for occupancy, and two ether dwellings are under construction- More than (00 lots have been nM In tntar aoaiuoa sino u wee jjut on t . BOARD OF TRADE BUILDIflD PLAHS Walls of Structure at Fourth and Oak Will Be of Reenforced ; ' Concrete. r THREE ELEVATORS TO BE - , ; RUN BY ELECTRICITY Bank, WOI Occupy Ground Floo Oorncar Trimming . of Upper Floor to B of Ground Oregon The plan and specifications ef th lt-atory Board of Trad building, to be erected en tth southeast corner of Fourth and Oak streets, have been com pleted by Architect David C Lewia Th wall of th truotur are to be entirely of reenf oroed con or eta The exterior of -the tw lower stories are to be finished In plain and enamel terra eotta facing, and th wall of th nine upper stories will be a stained cement finish. . All outside trimming will be of oop per. The lobby on the ground floor will be finished In native marble. All in. terior trimming of th first floor will be in mahogany, whll th trimming of th upper floor I to be selected, grained Oregon fir, which for beauty ex. eel even oak, that haa heretofore bean exclusively used for the Interior finish, of - Portland's handsomest . buildings. Bach of the 10 uppar floors will have If office rooms, whloh will be reached by three electrlo elevator. - A number of modern oontrlvanoa that are being need la th latest and moat modern eastern building will be uaed In this structure. A new vacuum heat ing system and an up-to-date sanitary plumbing system will be installed. The oornar room on th ground floor will be occupied by a looal bank. An old, wetl-asUbllshed realty Arm will also take quarters en thl floor. A larg cafe will occupy th rear of the lower floor. A barber shop and Turkish bathroom will occupy a large part of th basement. It Is eetlmated that about one year will be required to finish, the structure, so that prospective ten ant will take poeaeesion of thetr new quarter May 1, lfOt. PEOPLE NO LONGER FEAR" FULL VALUE ASSESSMENT ' (Special Pnvtteh to The Joanut) Albany, Or., April 17. aeeor r. T MoKnlgbt reports that th work of - lament la greatly expedited this w son by reason of the fact that the r ple no longer fear the placing of t property on a full-value baala. actual teat ef the full-value ban a i been a good educator and the a I declared to be a decided aurrx- i, peering to be fair and uet to a i. . May Day en Ck:.'. i One of the prettiest f tnr of 1 4 . on now cloetnr at the l.;.ni t will occur on V. enwalay ev- I- May day festival. I lans have 1 -.-n 7 . to make tha affair una r-f i . memorl)le of the l,iti'isH!'rr ti . . . . clal events and many rol r 1 have lin arran !. 1 rn.'- - t is thetn will be a groat n , of four tams of skater., f - , a st, earh driven by a i 4 t. undoubtedly prove the r t -and apectartilnr race tt. ' ) . skatd at this ru price. market, shout or r arerifs rp-rt r f. mand f ir tr.i l -lnrral rf-r 1 past I flj v
