September 19, 1890: IT WILL MARK AN EPOCH

Tomorrow Will Show the Effect of Cable Roads on Values.

The Great Hamilton Tract Sale Offers the Finest Inducements of Any Auction Yet Held This Year.

At 2 o'clock tomorrow afternoon William J. Dungee will sell at public auction on the grounds the beautiful Hamilton tract, recently divided into thirty-eight fine lots. There is no more advantageously situated property in or about Oakland. The new cable road passes right by it, bringing it within eight minutes' communication with the broad-gauge trains and five minutes' of the narrow-gauge and the business center of the city.

It is on the first rise of the land north of the western arm of the lake. This gives it unsurpassed scenic advantages. It overlooks the lake, the city, the bay, and the entire westward slope of the hills. Its elevation affords a perfect sewerage grade, and arrangements have been completed to connect its sewers directly with the Main Lake sewer. The mains of the Contra Costa Water Company have already been laid in Hamilton Place.

The thirty-eight lots have frontages varying from 30 to 75 feet and are from 90 to 223 feet in depth. To the north is the fine residence and beautiful grounds of W. C. B. de Fremery. Adjoining the tract on the south are the shady lawns and the gardens surrounding the home of Mrs. Edson Adams. To the eastward across the cable track are the mansions of Thomas Ewing Orestes Pierce, John L. Howard, Howard Baldwin, W. A. Rouse, and Ex-Governor George C. Perkins. As a consequence, the tract has all possible neighborhood and society advantages.

Hamilton Place, which extends from the cable track on Oakland avenue, has been graded on easy lines and cement sidewalks have been laid on both sides of it, so the lots are all prepared to be built upon at once.

The terms are only one-fifth cash, with the remainder in four equal annual installments. Interest at the rate of 8 percent per annum is to be paid monthly on deferred payments. These terms place the lots within reach of people of moderate means.

The property is absolutely certain to double in value within a year. The influence of the building of the splendidly equipped cable road will be felt more, and this property, so near the heart of the city, will be the first to feel the impetus given to values. The sale offers the opportunity of a lifetime to speculators, investors, and home seekers. It is confidently expected that the sale will be the first indication of the splendid prosperity coming to the lands tapped by the new cable road.

Oakland Daily Evening Tribune, Friday, September 19, 1890