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Taking into consideration
the accessibility of home properties, in the various parts of San
Mateo County, to San Francisco, their beautiful and inspiring
surroundings, balmy climate, modern type of improvements and the
representative class of neighbors-the cost of property in this
community is surprisingly low.
Property values vary of course in each section, according to the
nearness to railroad or trolley station, the class of improvements
and the natural surroundings.
The average suburban home can be reached as quickly and
easily as the residential sections across the bay or in the outlying
districts of San Francisco; while the price paid per front foot for
peninsula suburban home sites is from one-half to one-third the
price of property, similar in appearance and improvements, across
the bay; and from one-third to one-fifth the price of that in San
Francisco. Property which is suitable for the erection of the
highest priced residences costing from $3,000 of $12,000 or even
$50,000 each, can be bought for $60 per front foot, while similar
property in San Francisco, such as West Clay Park or Presidio
Terrace, sells for as high as $250 to $300 per front foot. These
choice metropolitan residential sections are practically no further
from the center of the city than the most desirable of San Mateo
County's home sites.
The following comparative figures were secured from the
most prominent real estate dealers in San Mateo County and San
Francisco, making a specialty of peninsula property. They represent
the price per front foot of lots averaging 150 feet deep, with all
improvements including street work, gutters, cement sidewalks,
parking, sewer work and gas and water mains.
Beginning from the northern end of the county, the first city that
demands our attention is South San Francisco. This is not a suburban
community. Town residence property here varies from $10 per front
foot to $25. Industrial property averages $1 per square foot.
Residential property in San Bruno, Millbrae, Lomita
Park and Beresford varies from as low as $15 per front foot to $20
and $30, the last two figures being for the most desirable suburban
property.
Easton, Burlingame and San Mateo offer the prospective
investor a range of prices of from $20 to $60 per front foot. Of
these three sections, Easton is the nearest to San Francisco and
property a trifle lower than in Burlingame and San Mateo.
Hillsborough, located adjacent to Burlingame and San
Mateo, has the distinction of containing the highest priced property
in the county. Villa sites of an acre each, being held at about
$4,000, with very little property for sale.
At Belmont, still further south, property is figured in acreage
rather than in town lots, the price varying from $1,500 to $3,000
per acre, with limited improvements.
In San Carlos, acreage is also sold from $1,000 to
$3,000; while city lots bring from $15 to $40 per front foot.
Redwood City residence property displays a greater variation than
any other district upon the peninsula. Beautiful residence lots
fully improved and only a short walk from the station can be
purchased for as little as $10 per front foot; while other property
ranges as high as $60 per front foot.
At Menlo Park and Atherton, residence sites are figured
principally in acreage ranging from $1,500o to $3,000 per acre. Very
attractive half and quarter acre home parks can be purchased in
these locations at corresponding prices.
On the coast side of the county where the land is chiefly valuable
for farming purposes, hill land sells for about $100 per acre while
the fertile soil in and about Pescadero is worth about $750 per
acre.
Beach residence property in the neighborhood of
Halfmoon Bay sells at from $5. to $30. per front foot.
In ten years, the business of the Recorder's office has
increased 600%. 1915 was a banner year, records having been broken
in the department showing realty transfers, building contracts and
other documents indicating development. Additional figures from this
office show more than four million dollars worth of building
construction under way.
Figures upon the total value of all assessed property
in San Mateo County as far back as 1880 show astonishing increase.
In 1880 this was $7,764,610; in 1890, $13,595,230; in 1900,
$14,421,018; and in 1910, $27,573,681. In the following period every
year shows a distinct gain. In 1911, $30,346,078; in 1912,
$30,739,041; in 1913, $30,693,920; in 1914, $31,221,825; and in
1915, $33,836,225.
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