When was it published?

January 28, 1887 in Daily Evening Bulletin

Domestic News January 28, 1887

Daily Evening Bulletin

Q: What entities or persons were involved?

Captain Buck Parramore, Nat. Poynts, Messrs. Giles, Curtis, Webber

Q: What keywords are associated?

Orlando Property, Real Estate Transaction, Property Value Increase, Economic Growth

Maysville, Mason County, Kentucky

View full issue View on Library of Congress PDF Page 2

What is this article about?

The Orlando Reporter highlights rapid property value growth in Orlando, Florida. Captain Buck Parramore and Nat. Poynts bought an acre with a house for $8,500 eighteen months ago, sold it for $16,000 to Giles, Curtis & Webber, profiting $7,500. The buyers sold a quarter for $10,000, with the rest generating rental income.

Clipping

OCR Quality

98% Excellent

Full Text

The Orlando Reporter says that probably no place in that State can show such a remarkable and rapid increase in city property as Orlando. About eighteen months ago Captain Buck Parramore and Nat. Poynts paid $8,500 for an acre of ground, upon which was a two-story house, at the corner of Orange and Central avenues, and the general impression was that these gentlemen had shouldered a burden that would prove difficult for them to get their money out of. In less than six months they disposed of the property to Messrs. Giles, Curtis & Webber for $16,000, clearing $7,500 by the transaction. These gentlemen have sold about one-fourth of the property for $10,000, and upon the unsold portion is a large and commodious house which is paying a nice rental.

What sub-type of article is it?

Economic

What keywords are associated?

Orlando Property Real Estate Transaction Property Value Increase Economic Growth

What entities or persons were involved?

Captain Buck Parramore Nat. Poynts Messrs. Giles Curtis Webber

Where did it happen?

Orlando

Domestic News Details

Primary Location

Orlando

Event Date

About Eighteen Months Ago

Key Persons

Captain Buck Parramore Nat. Poynts Messrs. Giles Curtis Webber

Outcome

property bought for $8,500, sold for $16,000 (profit $7,500); one-fourth sold for $10,000; remaining portion yields rental income.

Event Details

Captain Buck Parramore and Nat. Poynts purchased an acre of ground with a two-story house at the corner of Orange and Central avenues for $8,500 about eighteen months ago. They sold it to Messrs. Giles, Curtis & Webber for $16,000 in less than six months. The buyers sold about one-fourth of the property for $10,000, and the unsold portion has a large house providing rental income.