1901-06-09 SF Call

Blythe Block

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1901-06-09 SF Call - . ._ ' ' .from : Mrs. Moore . for ¦ $290,000...
. ._ ' ' .from : Mrs. Moore . for ¦ $290,000 by-;the-Mu•*tual by-;the-Mu•*tual Savings Bank, and excavation la now '¦ progressing: . for a | stately bank . building cover the entire i 4662 square 'feet' -'qf that/portion of the Blythe -block/ 1 ; In, the. far., corner on Grant avenue , arid '.Geary street a portion with "a frontage of 70 feet on -Grant avenue and 40 feet- ; on ?Ge*ary street is. owned by the'Buck estate. . ! . .With the exception of these' three properties properties all of -the block passes to "the" ownership-of ownership-of Mr. Hellman and his associates, including the lot with a frontage of - 20 feet- 6- inches on Geary street: known'* as' the Sawyer, lot, which was" recently purchased purchased by Mrs. Moore for $50,000. > ;, Appraised .Value Was $2,354,996." . , "The total appraised- value of the block exclusive "of "the' bank building" site", and the^' . 8awyer lot was J2.354.906. ; That appraisement appraisement was made • in 1896, and . realty values have Increased since .then—until a" similar appraisement • now. - by "-, parcels, . would fix^a total value- for. the ; property at more than $3,000.000.,.; The handling of so large a", property in one transaction brings into, action -different -influences.' •¦^however, and a valuation by,. parcels foots up "a total which is -doubtless greatly in excess of ,the sum which . Mrs. Mbbre will receive for the block in its. entirety. .'/¦'"-¦ . '.'. Conservative estimates by. disinterested . real estate men, figuring upon ; the" block narcc! by parcel, place Its' value at about 52.400.000. According to -these figures;, the purchase price was probably close .to' an even two: millions' and' certainly ¦ not : in excess of $2,500,000..". ... .• >. . •';. v ¦ : . .: . The amount Mrs: Florence Blythe Moore i

Clipped from
  1. The San Francisco Call,
  2. 09 Jun 1901, Sun,
  3. Page 23

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