Salt Lake Telegram | 1915-03-07 | Page 12 | Signs of Times Point to Active Year in Real Estate Here during 1915

igns 0 of f th the e Ti Times r es s Point Pointe Poi to nt-to to A Active tive V t Yea r in Real 1 Estate e He Here During I ring 1915 INSTANCES SHOWN OF HOW FORTUNES HAVE BEEN MADE IN LOCAL PROPERTY By DAVID DAV R. R GILL there was wao general recognition of the fact that Salt B Lake was to become a great city five acres aces of ground on the corner of Fifteenth East and Tenth South streets street sold Bold at 95 for the patch Not long ago the board hoard of education bought hought this same ground goud for a school site sie and paid for br it In the early part of the year 1910 a Salt Sal Lake man ma got the gold fever and eary wanted to go to Alaska He had a piece of land just east cast of the he Gilmer Gimer property on the East Eat bench It I was wa on Ninth South Sout street between Fo Fourteenth and Fifteenth East streets street In Iii order to get away to Alaska the ower owner sold it for 1800 This was on May rray 30 1900 1000 In JR 1911 the tile purchaser sold this same ground goud for Facing on West V cst Temple street before Postoffice Place wa was opened was wa a frontage of five fifty feet with n a depth dept of feet feet It I was sold SOIl for 2550 Now the thc foot frontage on Postoffice Postoffice Post Post- Post office Place with wih a n depth of five fifty five feet would bring a afoot afoot foot or for the lot lot Nine years year ago ground facing on Bro dway just jut east of State street was bought at at the rate rat of a foot Two years yeas later it sold at 40 a foot Three years afterwards or four fou years ago this in turn lurn sold Bold a portion porton at 00 a foot Were Where Peery Hotel Stands Ten years rear ago purchase of oi the corner on which now BOW stands the Pecry hotel was optioned for In thirty days dys the holder of the option opton sold it for an advance of In a brief time the purchaser of th the option an and the he property refused for the corner and built buit the Peery hotel hotel Jn In early eary days day the thc corner lot on Main and Broadway where now stands the Clift house was wa offered for 00 This was one of the time old-time city lots of one and quarter one-quarter acres each It had a frontage of feet on Broadway and feet on Main Drain The piece was refused at because it was wa not consi considered ered to be goo good potato land and Now it would take approximately to buy it At the southwest corner of Main and Second South streets street stands the White houe house The fhe ground was once traded traded for a yoke of oxen Today it is worth about a front font foot Where th the Farmers Parmel bank now stands on n Main between First and Second South streets street the ground was wa once owned by Iy two individuals one one of which sold his half hal interest interest in in- terest for The he bank paid for it i. i Owners of the Deseret National bank corner of Main and anc First South streets paid 1000 a foot for the ground covered bythe by bythe bythe the institution It I i is now valued at nearly early a foot City Is Steadily Growing 5 There is a big difference between the Salt Sal Lake of today tod and ad the thc Salt Sal Lake of the village viage period There Ther will wil be a similar difference dif dif- ference between the tile Salt Lake of ten to twenty years hence and the Salt Lake of today todar Every person peron who purchased property here in the early days has realized a fortune Each judicial buyer of real estate today today should reap a big profit in ten y years from now All Al who have bought realty realy in Salt Sal Lake within the past ten years have made big money There should be still greater profit in real property within five to ten years rears years to come if bought now nov than during double this period in the past Every investor in real in the past five years year has hat made splendid profits and ad some som have laid the thc foundations for fortunes They needed no special wisdom nor inside inide dope to make these gains They simply bought and the growth of the te city did the rest Salt Lakes Lake's development has fully fly justified prices price paid for prop property crt There has b m n no recession in real estate vates as has lias been felt in other affairs during the depression What a afew afew afew few years year ago ago were considered outside districts of the city cit have grown with a n rapidity which startles states even seasoned and ad wise wie operators operator in hr real eal estate The growth is still stil going goig on and gaining gaining gain gain- gai- gai ing in momentum Salt Lake residence property inside and in the several subdivisions subdivisions subdivisions sub sub- divisions is sold at prices away below t those ose obtained severa in other oiher cities three times the size and which arc are not not growing anywhere near hear so rapidly Thc These Thee c low prices be maintained they they are arc bound t to go up Values of good property are sure to increase