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66 WILMETTE of the leasehold estate on the property at 816 Church street. While the consideration was not .divulged it is rumored that it was irt the , neighborhood of $42,000. The property was originally leased by Mrs. Frances J. Patterson, wi'dow of Bernard Patterson, of 'vVilmette to the Church Street Building corporation , of which Samuel Epst ein was president, in October of last year. At that time the lease for a 100-year term was nego. ' . ' t1ated on the basts of a $135,000 vatuation. which gives a value of roughly $3,000 a front foot for the 45x180 lot. LIFE April 5, 1929 PAmRSON BROS.' SITE ADVANCES $1,800 FOOT Resale of Leasehold on Church St. Evanston Shows Rapid Advance in Values . The third of a trio of ·significant deals mdtcatmg the amazing- advance :n property values there during the last few years, was announced last week by Hokanson and Jenks. It was the resale ~n ~he .Church street district, Evanston, I 1422 SCOTT A VENUE Moderately priced 6 room home in splendid location. Re-decorated through.out. Includes drapes, carpets, gas range and ice box. Beautiful rear yard with flagstone terrace. completely fenced. Garage. Will consider vacant in trade. S~~t1f~~I}~~~N INCORPORATED £.SAWYER~ CHRISTY .. The original lease called for an average rental of $10,425. Recently the Church Street Building corporation sold the leasehold estate to a syndicate headed by Ernest Lyons for an amount rumored to be about $32,000. This syndicate, in turn, has sold it to Arthur Anderson. The rumored $42,000 paid for it in-' dicates that the property is now valued at approximately $4,800 a' foot, a rise in value of about $1,800 since the original lease was signed five months ago. This value compares closely with the price paid Charles S. Wallace for his adjoining property, the sale of which is recorded in this section. Mr. Wallace received nearly $5,000 a foot for his 25-foot lot. Five years azo the property, which wa·3 originally a part of the Hayes estate, was bought on the basis of a $28,9<)0 valuation by James and Bernard Patterson , who built on · it th{ existing two-story brick store building at a cost of $40,000. It was occupied from then until leased to the Church Str eet Building corporation by Patterson brothers, mu3ic dealers. The figures given show that the property has increased in value $188,000 in five years. Brokers involved in these recent deals, besides Hokanson and Jenks, were W. L. Dormand and company, the Payne Realty company and Quinlan and Ty30n. Skokie R. idge May Rival Deere Park; Fine Development ~·ith Deere Park still holding its place well up in the list of fine North Shore developments, Edwin B. Thoma s, manager of the subdivision department of Baird & Warner, Inc., predicts that the new Skokie Ridge will become the rival of its sister subdivision. Skokie Ridge is located in Glencoe, ·which incidentally, is the highest point in the village, fronting on Dundee road to the south, Green Bay on the northeast and Hohlfelder on the west. The son progresses will add greatly to the most completely. Given this high bit of ground, with a gentle slope down toward the Skokie, Baird and Warner have taken into consideration the adyantages of such a topographic situation and laid out their property accordingly. From almost any one of the homes built on these homesites, there will always be a constantly changing panorama of landscape. Such an opportunity is somewhat unusual in Illinois. The natural beauty has · been preserved, as much as possible. There is a wooded hillside. The Realtors have placed their concrete, winding roads, to offer this view to the best advantage. And, in order that this view might be further preserved, they have installed the telephone and electric light wire~ ·nderground. . As to the other developments of the property, they include, of course, water, sewer and gas, as well as ornamental lighting fixtures. A certain amount of preliminary landscaping has been done, which includes, according to . Mr. Thomas, the planting of some fiye thousand tulips. Tighe Realty Company Moves Office to 4th St.· The Terminal section of Wilmette has a ne,,· realty organization. The Tighe Realty company which for several years has been located on Sheridan road in No Man'·s Land · has moved to 421 Fourth street. OWNERS 736 ELM STREET Winnetka 142-147 AN ENGLISH HOME IN SKOKIE RIDGE WITH A THREE ..MILE VIEW TO THE SOUTHWEST Living Rm., 15 ft. x 26Yz ft. Dining Rm., Library, 11 16 ft. x 17 ft. Brick Construction Complete Insulation Gas Burnet Extensive Landscaping Included. Yz ft. x I 4 ft. I Kitchen, 9 ft. x 5 Y-2 ft. Butler's Pantry Breakfast Room Tile Bath Lavatory and Coat Room 4 Master Bedrooms 3 Tiled Baths Maid's Room and Bath 2 ur Attached Garage Directions-West on Park Ave., Gle~coe: to Bluff St., North to Dundee Rd., · West to Skokie Ridge Entrance BAIRD & WARNER Founded 1855 Representative Always on Property Office I 071 Skokie Ridge Driv~. Glencoe Phones Glencoe 1554 Briargate 1855