In 1875, Henry Yesler (1810-1892) sells to James M. Colman a quarter of a city lot on the southeast corner of Commercial Street and Mill Street (renamed 1st Avenue S and Yesler Way) for $8,000. Yesler sells another portion of an adjoining lot to Anderson and Osborne (24 x 70 feet) for $6,000. These are by far the highest prices realized to date for Seattle real estate.
In 1889, Anderson and Osborne sold their lot for $19,000.
Sources:
Thomas Prosch, "A Chronological History of Seattle from 1850 to 1897" typescript, dated 1900-1901, Northwest Collection, University of Washington Library, Seattle), p. 236.
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