The Oregon daily journal., April 12, 1908, Page 24, Image 24

.1
THE OREGON
0 BARGAIN FRIGES
SUNDAY JOURNAL, PORTLAND,
.i v- v , ' - ' ' THE OREGON SUNDAY JOURNAL, ' PORTLAND, SUNDAY MORNING, APRIL 12. 1803. '', : ; ; '- v- - - ' - " ' ' - ' 1
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CM; BE SEEN ON: PORTLAND RE All P
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IBE SITES t5C ' -lilt 777-in-; rf: 7-;
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EVERY; OFFER IS NO .
LONGER TAKEN UP
Health Ownen Now Take the Time
to Consider Yhmt Their Property
; is Reailr Wortb 3ood Sale of
the Tut Week.
f"A f&lrlr ctW market, with a ten
dency to hardened pricea.'. to uae a stock
market : phraae, properly, describee the
stats of the local realty 'market Since
January 1 -the 1 volume Of SsleS " has
steadily, Increased,, and prices have .be-
come noticeably firmer. ? .
Portland- property-owners " are now
firmly convinced that the city Is built
on a foundation as solid and enduring
as the "rock of aires," and they know
that values rre naturally bound to in
crease wltn the assured growth of the
town. So they reason with- themselves
that it would txi folly t part with
smnethln that is already yielding; a
f ood return on the money Invested and
hat is absolutely certain to Increase la
value year, after year. - j , ..
-;: Realty aa Xavestmsnt Vow.' '
Brokers report qalta as much trouble
In securing contracts of sale now as
they had when the market was much
more active and prices were Increasing
with greater rapidity. ' At that time
men were not sure ... of - their footing.
Invents were occurring so rapidly that
a purchaser found himself with a rood
profit to his credit before he had had
time to determine the real value of bis
holding, with the result that he let go
and pocketed his -of it. Now, however,
the aspect has altogether changed. Pur
chasers have time to consider and are
not carried off their xeet by every offer
that insures a reasonable profit In
other words, they regard their purchases
more as Investments, and look to the
' future for either continuous and sat
isfactory Income or a handsome profit
, The stage has been reached when It
is with exceeding difficulty that the
owner of a choice bit of real, estate
who has aid as much as 60-per- cent of
the purchase price can ba induced to
sea Of course, there is no denying
that a large amount of property, in this
vicinity is for sale, but it is equally a
fact that there is no more real estate
for eale in Portland and environs than
there baa been at any time during the
. past mree ears. - . " - . ' ' '
"Do you realise it la a fact that eight
KESiDEFCB OP G.V. . 19TH. ATO TILLAMOOK. St
out of every ten parcels of realty, pur
chased In Portland at this time is tor
keeDir' asked a Third street broker,
'The amount of property purchased in
Portland since January 1 for speciqat
ive purposes amounts o but little. ' In
fact, a close study of .the dally trans
fers will ' show that nearly all buyers
are In vest or a. and not Deoul&tora'
The daily call for good Income-bearing
property and that which may be made
to yield a fair return when suitably im
proved is greater than the supply.1 The
most active and insistent demand lust
now in Portland is for the better clans
of residences and residence sites.- Dur
lnr the cast week several expensive
dwelling-houses and dwelling-house sites
cnangea nana a,
John Aiatthiesen eurchased from M.
W. Hunt and associates a triangular lot
at the northwest corner or washing-
ton street and the new extension of
King street north of Washington. The
consideration was $11,000. This Is a
small part of - a block sold by Mr.
Matthlesen to the .Hunt syndicate sev
eral weeks ago for $60,000.
: . Boico Residence Sales.
The half block -on the south side of
Wasco - street ' extending from East
Kighth to East -Ninth streets, has been
furchased by J. C. B. Lock wood from
he-Oregon . Real Estate company for
1 8,000. .The' parcel contains JoufJ full
lota, and it la announced that the pur
chaser will Improve each with .a mou
rn two-story residence.- - -,- -
J H. A, link and George S. Lewis
have purchased, from James F. Hill a
Ka-foot lot on the -north side of Rus
sell street between Alhlna and Missis
sippi avenues, consideration 13,760. -J.
R CaDlea has sold Mrs. Kutle
Stamp a" house and lot on Benton street
Deiween v
IS.150.
Jupont and Dixon streets, for
A house and lot at the northwest oor-
ner of rage street knd Vancouver ave
nue- nae been puronasea nyiuua saaa-
kertt Tram Otto Hoffman, conslderatlon
M ?00.- . ... .... r.
Anorew juoiine n suiu m i"""'
Glover a quarter block in Anna-Mane
Park for $X,i$6. .
Frederick a. Relsacher has purchased
rrom Cord Bengstaae an unaiviaea oni
fourth Intereit in -three flats on Yam
hill street between Seventeenth and
Chapman streets. Mr. Relsacher ; for
merly owneu a one half Interest in this
property. 4 , , . - . .. . . -
Mrs. Hattie L. Martin has purchased
from Miss I & Frake a three-story
apartment-house on Sixth street between-
Montgomery "-and- Harrison -.had
the .consideration was iit.voo. -
T . K ftnlilmon has nurchased from
Mrs. Rachel Levison a 8xl00-foot lot
on Twelfth, between Main and Madison
streets, consideration 7,ovu. -:
mrehasea Heights Home.
TTi varr . attractive residence Of W.
B. Bridges, at iit Elm street, Portland
Helc-hts. haa been purchased bv a local
Investor for $16,000. The house la of
the bungalow type and la one of the
handsomest , buildings of the kind
Portland.
H. B. Van Duser closed a deal last
wmIc - with Dr. M. F. Felton for the
nurchase of a -BOxlOO-foet lot on Jack
son street between Twentieth and Car
ter streets, ror ii.zbo. The property
was nurchased as an ' addition to the
homeaite of Mr. .Van Duser, who owns
tbs adjoining lot on tne west.
Mrs. Mary N. Dufur has purchased
from William Brimmer a SxlOO-foot
dwelling site In the Buckman addition.
on Kast JJurnside street consideration
Forrest m. Ayres nas soia xo 1.
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Pease a houe- and lei near the Inter
section of IfawUiorna avenue and. East
ThirtT-elshth.-siM4et.foi. 13.060 '
Josephine H, TriaoB4 has purcaaaea
41 u.
kWUt'irlli
-siivet
quarter block et U ouatUwest corner or
weldler and East Twertty-fouria streets.
wMc&lri!oV Answjefed as.-; to
Iran -uug rrnuu tx nouse -ana , loi si I i- . -rrrt ' - tmii
-'iSa'm FropertyTWlilCii.WlU Show
J... ,T- "
eohtne B.
rrom, jlius j
BUYING SOLELY
7- -..-
the Quickest. ;Ad?ance.
.. This question was . recently naked of
The Journal real estate. editor: .. "What
class of Portland realty la it best to
buy for purely speculation porppsest"
There are aa manyanswers to this ques
tion, sua mere are Masses si property in
Portland; and.no trouble will be had
fiiTlflA .TntlPL 1907. 1fl0 3ftW and every answer. -
7 '7 1 I nimlolmlii in, anil all Infjmtlnn r
aia
OF OFFICE 800nS
Offices Added to City's
List.
desire to
parage property in any
art oi tne city, ana equany as iree
rora any wish to boost The Journal
real estate editor offera to nrosoectlve
purchasers this suggestion, together
with a statement of the reasons for the
faith that is in him: There as in all
other cities, that are-built upon a solid
rounaauon, it is tne - nigh-class rest-
ALL OCCUPIED AND
TYTFirAXTTl VfX "MTYDTTWdence rroDertr. that mav be exnected to
XAJlUXAia X VU JU.V.Uaa ,nora tha laraeat advance In value.
There are two controlling reasons for
this first It Is this class of holdings
that next becomes available for business
Furposes; and seoond, because -of the
ar.t - .that It la 'hia-h-olaea realdence
property, it Is most sought by men of 1
weaitn as sites for nomes.
It is a well established fact that men
of wealth will pay 'extravagant prices
for residence property located In an ex
clusive and fashionable district Wit
ness the prices that are -being paid for
residence sites on King's heights, Port
land heights and la the Mob. Hill die
trtct, t i-.- - . f , K
The town cow Is a leading subject of t
discussion In Irofur.. . rr,.s .
zzzzzzzzzzzzzzzzzzzzzzzzzitzzzzzzzxzzzzzzzzzzz:
eonc
rori-Wor
O. E. Heintr, Manager. Phone Eait 67; Home B-11B7.
Castings of All Kinds
it
it
Steel Buildings and Bridges
ilc.
IN STOCK 3 to 24-inch Beams, 4 to lttinch CharmeU
iyxlX to 8x8-Inch Angle
East End Buraside Street Bridge Portland, Orefm
lj22SSSSSSS5X!S5S3SSaa3S!
Rooms In Buildings Now Under Con-
atrnctloii All Spoken for by Pros
pective Tenants Shows Growth
and Encourages Investors.
The threatened oversupply of offices
la Portland because of the construction
of so , many lofty , steel and concrete
structures, all devoted to office pur
poses, seems to be as far away at this
moment as ever before. Since June 1,
l07,. there have been about 1,600 new
offices completed . In this city, - nearly
all of which are occupied. . Within the
next four months fully 700 more will
be. added to the supply, and a majority
of them have already been reserved by
prospective tenants. A. gratifying feat
ure of the situation is that the older
of flea buildings . la the city have In
no case been robbed of their tenants
to fill up the new structures.
In SDlte of this enormous snnnlv of
oinoe room, in a city the sise of Port
land. - there is a present demand for
ell tne space in the half a dozen build
ings under construction, a fact which
makes a steady encouragement to build
ers to cover the" choicest unimproved
sites In the down-town district with
MEIZGH :
ACRE TRACT S; ON THE ; SALEM LINE
These acre tracts are the jchoicesf an(f most prolific soil in-Oregon, and they are right on the
' ; !. il-al(m-jner.on ltlie-,C6ast -. -;-t i : r ;
1 Make vourrselection earlv..AVe'have- land to suit -everyone. - - : -I
If you want .. cleared land we have it. If you ' want, partly cleared land ' we have it;
If you want wooded land we have it.V-H you want parlc land we' have it;
:; METZOBR-ACRB. TRACTS;
Excef" for the production of all' kinds of fruit and vegetables, berries and walnuts and espe-
ciaily fr cherries,; being ideal tor the latter.' Land, wen watered
skyscrapers.
A wriU
ter In the New York Bvenlnar
Post, discussing the often-heard Dre-
dlctlon that this or-that city is over-l
aomg toe Duuaing or orrice Duuaings, i
says: "Birds -of a feather flock to-
gether in office buildings as elsewhere
ana tenants naturally nring tenants,
because as the occuDants increase in
number-the - building gains in reputa
tion as a nuamess center, ur course,!
this . theory is more ajjolicable to an i
office building center than to a city
like Portland where the office struc
tures are scattered all over the high-
priced business district But it Is none
the less a tact that an office buildlne-
ai mourn it may not oe aavantageousiy
located for the purpose, will soon ac-
autre a refutation as a business nantarl
and rapidly tiU with tenanta. , ,
SUNDAY EXCTJESIONS i
TO MATILLA OPROJECT
- (Siwdal PtoMtch to The JovruLl '
Penaleton, Or,, April 11. Excursions I
wmmmimmm
YOU CAN BUY AN ACRE FOR THE PRICE YOU HAVE
TO PAY FOR A 50x100 - FOOT LOT 'E L S E W H E R E
D F M F M R F R- 'It only takes 25 minutes from Jefferson st,
' i nnr
A! Mr. I "v1' u . " "station to'Metzper -station on our land.
inese huiui iiuiiij, qre :unu?uoieuiy lae-vnuiwAoii
'most CONVENIENT and CHEAPEST bv Ion e odds Of anv
in the vicinity of Portland; considering their IDEAL LOCATION on5 the
west side, v v0 , . r '
TRACTS
siWs
J
Will be run from Pendleton and eastern I
Oreaon and Washington points to Her-
mlsfon snd the Umatilla project every
Sunday during the summer, according to I
nouncement 01 tne u, n. xx. orri-
. Some of the level upland and rich bottom land is cleared ready for cultivation and the sites
for SUBURBAN HOMES are UNEQUALED in the state. Some tracts are Vvorth more
for cordwood than we ask for the ground. Situated on the new SALEM - LINE, with
METZGER STATION xn the property, with no river or draw , bridge to contend with,
you know JUST WHEN -YOU .CAN ARRIVE DOWN TOWN and JUST WHEN YOU
CAN RETURNS THERE IS RAPID TRANSIT AND NO . IMPEDIMENT' Tele-
phone service is now being put into our office' at the station and we" wilKliave -electric
lights in a, short tlnje. GO OUT TODAY AND MAKE EARLY RESERVATIONS' ,
v . ,Take Cart at Front and Jefferson. 1 '
Acre Tracts $200 Up; 10 Per Cent Down; 3 Per Cent Menthly
, ' .' . : DISCOUNT FOR CASH . , - ..
The rates will extend as far as I
tide on the east to Walla Walla I
ctals.
ta Grand
the north, and to Arlington on the I
west Tickets will 'include the stage!
nermiHten to 411
e a areat Indue
' - , 1 ' FOR FURTHER INFORMATION
ott HERMAN METZGER
226-228 FRONT ST
PORTLAND
C t