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of REALTY AREA MAP of TAMPA, FLQRIDA The attached map presents the eity-wide picture of Tampa residential real estate and should not be used to classify the security of an individual loan within a specified area, because of the very spotted condition of residential real estate in Tampa. The map, prepared by Alec O. Morgan, Field Agent, represent,s the coneensus o:f opinion of the following authorities: M.A. Davis, Vice~resident, Warren-Henderson Company, Tampa realtors, and President, Tampa Real Estate :Board; Jay L. Hearin, President, Jq Hearin, Inc., Tampa realtors, and President-elect of Ta:mpa Real Estate :Board; M. H. Mabry, of M. H. Mabry Company, TaJ!IPa realtors; Richard E. Knight, State Manager, Florida Agency, HOLC, formerly State Appraiser; Harold T. Shelton, TaJUPa District Appraiser, HOLC. SECTION fl-A. GREEN. The Section is known as Seminole Heigpts and contains some of the highest land in the City. The occupants of the Section a.re 10o% Americans, consist chiefly of medium-salary class workers, and are principally home 0wners. One story frame res~dences, ranging in pr~ce from $3,000 to $4,000 predomina,te; the buildiI\gs are from 10 to 20 years old and are in good condition, needing onJ.y minor repairs. There is no shifting of population; neither are there any particularly detrimental influences in the Section; the beneficial influences are the proximity of the Section to the best schools, good transportation facilities, and the high elevation of the land itself. Sales prices in this Seetion at the low in 1932 were about 40% of the ll.925 peak prices, and at the present time have recovered to about 65,& of the peak. The sales voliume in this Section at the low in 1932 was about 10% of the 1925 peak and at the present time is estimated to have recovered to a.bout 201& of the peak volume. The Section is about loo% occupied at the present time, as it was likewise in 1925, and was about 75% ocC1Ipied at the low in 1931 and 1932. Present rental prices in this Section are about 35% of 1925 peak prices and at the low in 1931 and 1932 were about 2rl/, of the peak. There is no surplus of housing in ithe Secti0n, but there is some demand for new housing on a moderate scale, as only a few new houses have been built in the Section during the past 2 years. During the peak of foreclosures in HillsboroU&h County in 1931, this Section experieneed fewer foreclosures than probably any other secti0n in Tampa, due to the fact tha.t the majority of the properties in the Section were owned free and clear of encumbrance. _ 1 - SECTION ft.,l. GREEN, This Section _is comprised of several subdivisions, the principa.1 ones of which a.re Suburb Beautiful, Parkland Estates, and Golf View Park. The land is flat, level pine woods land, and is occupied· chiefly by 100% .Americans, although there are a. few high class Jewish and Spanish :families residing in the Seetion a.t the iPre·s ent time. The Section contai,n s the best gra.d:e Tampa. citizens, principally prof'ess:liona.l workers and retired individuals. Two story frame and brick ~eneer residences, ranging in price from $6,000 to $10,000 predominate; 9~ of these residences are 10 years old, but are in good condition and need only minor repairs. shifting of popula.tian. Theire Lf!J no The principal detrimental influence, a.side from poor transportation facilities and imtclequa.te sanitary sewers, is the Southwest Tampa Storm Sewer Drainage District, also known as the Inter-::Say Drainage District, which was improperly set up when the District was organized in 1926. Liti:gatbn began tn 1928, with Federal receiver appointed in 1930, and the District is still in the custody of Federal receiver, who is endeavoring at the present time to :refi:md the $3,000,000 defaulted bond issue with $1,100,000. R.· F. C. loan at a lower rate of interest; if this proposed refunding is satisfactoriil.y completed, this Section of Tampa. will be immeasurably benefitted. Beneficial influences of the Section are its proximity to good. sell0ols and its location near to Palma Sales prices at the law in 1932 were about 40~ of the 1926 Ceia Golf Course. peak prices and at the present time have recovered to abaut 50% of the peak, whill.e sales volume at the law in 1932 was about lo% of the 1925 peak and at the present time is a.bout 20% of the peak :vol-ume. This Section is now practically 10°" OCC'Upied, as it was likewise in 1926, but was 0nly aibeut 80" occupied during the low of 1931 and 1932. Rental prices in this Section at the low were about 20% of the 1925 peak prices and at the present time have recovered to a.bout 3~. There is no surplus of housing in this Section, but there is some demand :for new housing, with some 15 new houses having been bu.11 t in the Section during the past year. Due to the fa.ct that a good deal of the property in the section was developed during the boom., the Section eixperienced rather heavy foreclosures, with about 5o,& of the mortgages in this Section having been foreclosed, as practically a.ill of the property in the Section was mortgaged. SECTION fr.3 - .A.. GREEN. This Section is comprised of the Morrison Gro~e section of SuburG Beautiful and West Icy-de Park. The land is slightly rolling and fronts on Hillsborough Bay. The occupants are almost lOOf,6 American, a.long with a few high class Jewish and Spanish families. Other occupants a.re the best grade of Tampa citizens. ccmsis-t ing principally of professional workers and retired individuals. Two story frame residences. ranging in price from $5,000 to $10,000 predominate; most of the houses are abeut 20 years old, but are in good condition and need only mino~ repairs. of population in this Section. There is no sMfting The principal detrimental influence is the un- sanitary method of allowing sewage to be emptied into H1llsb0rough :Bay, causing disagreeable odors aleng the :Bay front, particularly noticeable at low tide. A. work relief sewage disposal project, involving the expenditU!I'e of some $6,000,000, was recently proposed to correct this situation; however, the project fai:led ~ecause of insufficient local interest and, therefore, this unsanitary condition will probably continue to exist. The beneficial influences of the Section are its good schools, transportation facilities, prexi.mity to the City of Tampa and its high grade improvements. Sales prices at the low of 1932 were about 35% of the 1925 peak prices, but at the present time they have recovered to a.b<:>Ut ~ of the peak; :while sales volume at the low of 1932 was about lo% of the 1925 peak and at the present time has recovered to a.bout 20% of the peak velume. The Section is now practically 10(1,b occupied, a.s it was likew~se in 1925, and was about 85% occupied at the low in 1931 and 1932. Rental prices in the section at the low in 1931 and 1932 were about 20% of the 1925 prices and at the present time have recovered to about 35% of the peak prices. Tb.ere is no surplus ef ho'l1sing in this Section; neither is there JIJ\lch demand for new housing, as enly a few lots a.re left unimproved in the Section and about 95% of the Section is completely built up. Rigid restrictions have saved this Section frem developing into an apartment house and boarding heuse see,t ion. There is no new residential construction in the Section and farecl0sures were moderate. SECTION #-4-A. GREEN. This is the best residential seetion of Davis Islands, which are ar,t ificially created islands, built in 1925 and 1926 from sand pumped out of Hillsbarough-~ay; consequently, the land in this Section is level and is about 2-} feet above sea level. The Section contains some of the best grade Tampa citizens, principally professional workers and retired individuals. Two story stucco on masonry residences (DG frame is allowed on Darts Islands) ranging in price from $7,000 to $10,000 predominates; 9oq& of these residences are 10 years old, but a.re in good condition, needing only mi.nor repairs. There is no shifting of population. The principal detrimental influence, aside from the mosquitoes, is the possibility of tidal waves and tropical storms, which possibility while rather remote, nevertheless has influenced residential activity on the islands. The pri&clpal benefieia.11. im':luences a.re the proximity of the Section to the City of Tampa and rigorous restrictions, combined with uniform zoning requirements on the Islands. Sales prices at the low of 1932 were about 35% of the 1925 peak priees and at the present time have recovered to about 45% of the peak, while sales volume at the low in 1932 was about 5% of the 1925 peak volume, but at the present time has recovered to 15~ of the peak. This Sec.tion is now nearly 100% occupied!, as it was likewise at the peak in 1925, and a.t the low in 1931 and 1933 was about 90% oceupied. low were about 2056 the peak prices. Rental prices at tbe of the 1925 peak prices, but have since recovered to about 3~ :.of There is no surplus of housing in this Section and there :Ls a. good demand for new housing, as evidenced by the fact that within the la.st 90 days 6 or 8 new homes were built in this Section for speculative p'Ul'poses, and all of them have since been sold. Foreclosures in the Section were very moderate. SECTION #'1 - ::S. :BLUE. This Section, known as Seminole Heights, north to the Hillsboreugh Ri:;:ver, has good ele~ation and centains considerable rolling land. The Section is occupied by medium class salaried white workers and one story frame residences, ranging in price from $2,000 to $5,000, predominate; these buildings are 10 to 2© years old, a.re in good condition, and need only minor repairs. There is no shifting of population of this Section, neither are there any particularly detrimental influences; the beneficial influences a.re the elevation of the Seetion, good: schCi>ols, parks, playgrounds, recreational centers, and transportation facilities. Sales prices at the lew in 1932 were abeut 3~ of the peak prices, but have since recovered to about 60%; whd.le sales volume at the low in 1932 was about 10% of the 1925 peak vol'llille and has since recovered to about 3~. This Section is practically 100~ ocC'Upied at the present time, as it was likewise in 1925; however, during the low period of 1931 and 1932, this Section was aboU:t 7~ occupied; rental prices at the low were about 35% of the 1925 peak, 'bu.t have since recovered to a bout 50%. There is no surplus of housing in this Section, but the Section should have some new houses; there has been no new residential construction and foreclosures in the Section were heavy • .SECTION h. - ::S. m.UE. This Section is known as Ridgewood Park; the land is high, rolling, and is o~cupied by medium class salaried white workers, with some Jewish and Spanish residents intermingled. One story frame residences ranging in price from $2.500 to $5.000 predominate; these buildings a.re 10 to 12 years old, a.re in good condition and need only minor repairs. The population in the section is gra.dual:ly shifting to Spanish and Jewish and with-in the next five years will proibably contain only a few 100% Americans. The principal! detrimental influence affecting the Section is the Section's distance from street car lines, while the beneficial infl~ences are the good schools, proximity to the City, and Hillsborough River Sales prices at the low in 1932 were about water front. prices, but have since recovered to about sf>%, 35% of the 1925 peak while sales volume at the low was about 10~ of the 1925 peak and has since recovered to about 2~. The Section is practically loo% occupied at the present time, as it was likewise in 1925, but at the low in 1931 and 1932 the Section was about 75% occupied; ren,t al prices at the low were about 35~ of the 1935 peak. and have since reco:vered te a baut 50%. There is no surplus of housing in this Section, and al thQug}l the Section is• abou,t 50% or 60% built up, there is SQme need for new housing. Three or fm:ll' new houses have been built in the last 6 months in this ·s ection. Foreelosua:-es in the Section were heavy. SECTION #3 - B. BLUE. This Section comprises several subdivisions lmown as Palma Ceia• Virginia Par]; Moody Heights, Southern Pines, Oseawana. Subdivision, and Curry City Subdirisbn. The land in the SectiQn is low, level, flat pine weodland, and is occupied excilusively by whites of the better grade salaried worker~, along with a few professionals. One story frame residences ranging in price from $3,000 tQ $5,000 predominate; these buildings are from 10 to 15 years old, are in good condition and need only minor repairs. There is no shifting of pepulation. The principal detrimental influences affecting the Section are the poor transportation factlities, the presence of railroad tracks in the eastern portion of the Section, and the fact that the Section is located in the Inter-Bay, Drainage District, which has been in receivership for the past 7 years. The beneficial influences a.re the good schools and the proximity of the Section to the Palma. Seia Golf Course. the low in 1932 were about 40% Sales prices at of the 1925 peak prices, but have sinee reeo~ered to 65%, while the sales volume at the 1932 low,was about lo.' of the 1925 peak volume and has since recovered to about 3o%. The Section is practically 10◊% occupied at the present time, as it was likewise in 1925• and at the low of 1931 and 1932 it was about i:05& occupiedJ rental prices at the low were a.bout 3!,)& of the 1925 peak, and have since recovered to about SO~. There is no surplus of h0using in this Section, but there is some need for new housing, although some 5 or 6 houses have been erected in the last 6 months. Foreclosures in the Seciti en were ve:ry heavy. SECTION :/14_-_13__•____:sz;,__ml__,. This Section is known as the :Ba.yshore Section of Tampa and contains lelV'el land, occupied by l ~ Americans of the better class of salaried workers. is a There mixture of types of buildings in the Section, wi t.h one story :frauie residences ranging in price from $2,000 to $4,000 predominating; these buildings are from and 10 to 20 years old/are 1n fair condition, with some needing major repairs. 1 There is no shl.fting of population. The principal detrimental influence affecting this Section, aside from the presence of the railroad tracks in the western portion of the Section, is the disposal of open sewage into Hillsborougp.Bay, on which the Section :fronts, while the beneficial influences ~e the good schools, good transportation facilities, and proximity to :Bayshore :Bow.evard. Sales prices at the low in 1932 were about 3§% of the 1925 peak, but have since recovered to about §5~, while sales volume at the low was about 10% of the 1925 peak voil.:ume and has since recovered to about 25~. The section is practically loo% occupied at the present time, as it was likewise in 1925, and at the low period of 1931 and 1932 was a.bout 70% occupied; rental prices at the low :were abou.t 3<>% of the l.~l25 peak prices, but have since reeovered to "aJbout 50%. of housing in this Section, neither is there a.ey although there is a. slight demand for new houses. There is n0 surplus new residential. constructien, F0reclosm-es were hea°VJI: in this Section. SECTION #5 -l - :B, :BLUE. This Section is known as the east central part ef Davis Islands and consists of level filled-in land, with very little development; about 90% of the Section • has no physical improvements other than streets, sidewalks, landscaping, and utilities. SECTION fl and ~ - C. YELLOW. These Sections comprise localities known as Sulphur Springs, Hamilton Heath, and Evelyn City; the land in the Sections has good elev-ation, is rolling, and is occupied principally by American laborers, skilled mechanics, and working people in the lower wage earning bracket. One story frame residences ranging in pll'iee from $600 to $2,500 predominate; the buildings are from 10 to 20 years old, are in fair condition, with some needing major repairs, and in that portion of the Sections north of the Hillsborough River, most of the properties need paint. The principal detrimental influence affecting these Sections is the presence of the dog race-track and the gambling elemeDt which is attracted to it. The Sections were immdated a.bout 2 yea.rs a.go when the Power Company dam on the Hillsborough River above the Sections broke; the dam, has not been repaired. and consequently no potential hazard exists. The beneficial influences are goad transportation faciil.iUes~ proximity to Sulphur Springs swimming pool, and the presence of sulphur water which is suppased to contain beneficial mediciill81 properties. Sales prices at the low in 1932 were about 20% of the 1925 peak prices, but have since recovered to about about 10% 40%, while sales volume at the low was of the 1925 volume and has since recovered to a.bout 25%. -The Sections are about 1007' occupied. at the present time as they were likewise in 1925, while at the low in 1931 and 1932 they were about 75"/, occupied; rental prices at the low were about 35~ of the 1925 peak prices, but have since recovered to about 5~. There is no surplus of housing in these Sections; neither is there any new residential construction, and likewise there is not mu:ch demand for new housing. There were not many foreclosures in these Sections, because the type of improvements did not warrant the making af mortgage loans; consequently, not many of the properties :were mortgaged. SECTIONS igs ~ and :/1(4 . - C. YELLOW. These Sections are known as Tampa Heights, and contain high rolling land, occupied by medium class salaried workers. Two story frame residences ranging in price from $2,000 to $7,500 predominate; the buildings are from 10 to 40 years old and are in fair condition, although some nee~ major repairs. These Sections are rapidly filling up with Latins and will eventually become all Latin. The Sections have no particularly detrimental influences a.side from the age of the improvements, :while the beneficial influences a.re the good schools, churches, parks, large shade trees, excellent transportation facilities, and prox:i,mity to the City. at the low in 1932 were about 4o% Sales prices of the 1925 prices, but have since recovered to about 50%, while sales volume at the low was a.bout 10% of the 1925 peak volume and. has since recovered to about 20%. These Sections are a.bout 100% occupied at the present time, as they were likewise in 1925, and at the low in 1931 and 1932 were about Bo% occupied. Rental pr:l:ces at the low were about but have since recovered to about cr.d.. iJV~ 40% of the 1925 peak prices There is "~o surplus o~~ hous i ng in these Sections, · neither is there any new: residential construction•, the Sections are nearly 10~ built up and need modernization, reconditioning, and remadeling. Foreci0sures were lighter in these Sections than in any other area in Tampa, principally because most of the properties were owned free and clear; c0nsequently, there were not many mortgages in the Sections. SECTION .'ilf>. - C. YELLOW. This Section is known as IfWde Park, contains lev:el land, and is oceu;pied b~ a mixture of some of the City's oldest families, some transients, and t0urists, because of locatien of hetels, apartments, and rooming 'houses in the Seeti.on. The Section also contains some laborers and a small negro area kn0wn as Scrub, which area is ()Ccupied by the best grade neg:ro, is not expa:nding although the Section is unrestricted and contains one stoey; frame residences, ranging in price from $750 to $2,000, while in the remainder of the Section two stoey frame residences ranging in price from $3,000 te $8,000 predominate. buildings a.re from 20 to 40 years old, with many obs0lete condition, although some need major repairs. These types, but are in fair The population in this Section is in the transitional stage, witih a drift toward the cheaper type of occupant. The Section is unrestricted and has no particularly detrimental influences, while the beneficial influences are the good parks, recreational centers, neighborhood shopping communities, and praximity to the City. in 1932 were about 45%, Sales priees at the low 2fl/, of the 1925 peak prices, but ba.ve since recovered to about due principally to homestead tax exelllptiens; while sales :volume at the low was about 10% af the 1925 peak volume and has since recovered ta about 25~. The Section is about 1~ occupied at the present time as it was likewise in. 1925, and at the law in 1931 and 1932 was about 85% occupied; rental priees at tbe low were about ~ of the 1925 peak prices and have sinee recovered to about so%. There is no surplus of hausing in this Section, no new residential eanstruction, and no need of new housing, but there is a strong demand for modernization, reconditioning, and remodeling. Foreclosures were heavy, because of the boom.-t:l:me trading which took place in the Section. SECTION fG•:..... -' _-__C__• _ _Y=E=LLO=W. This Section is known as the Hyde Park Section of Davis Islands, contains filled-in land and occupies only a very small area, which is restricted to apartments; this Section is about 5~ improved, principally with apartments and hotels. • SECTION #~._,_-....c..,.._____YE ____ LLO ______ W. This is the section of Davis Islands a.djoinitlg the Municipal Airport and is virtually unimproved. SECTIONS f"I and #1}.1 - s. mow. These Sections are lmown a.a :Beach Park and Sunset Park, contain some filled-in land, with the balance about average level throughout the Peninsula., and a.re occupied by the better class of salaried workers, professionals, and business people, about 50% of whom a.re home--owners. Two story stucco on masomy residences, ranging in price from $5,000 to $25,000 predominate; these buildings ~re from 8 to 10 years old, a.re in good condition, and need only minor repairs. Theire is no shifting of population in these Sections. The detrimental influences a.re the • poor transportation and shopping facilities, the fact that the coll!IIIWlities are located a.ta considerable distance from Tampa and: are not built up, while in :SeachPark excessive taxation conditions exist, due to assessments which were not uniform. The beneficial influences a.re the water-frontage on Old Tampa :Say, high restrictions, and well laid out subdivisions, while in :Sea.ch Park the abundance of natural shrubbery might be consideired a beneficial influence. Sales prices at the low in 1932 were about 2()% of the 1925 peak prices, but have since recovered to about 30%, while sales :velume at the low was about ff/, of the 1925 peak volume, and has since recovered to about 3~. These Sections a.re about 95% occupie<:l: at the preseRt time, were 100% eccupied at the peak in 19.25, and a.t the ii.ow: ii.n 1931 and 1932 showed the poorest occupancy of any section in Ta.mpa, about 65%; rental prices at the low were a.bout 25~ of the 1925 peak prices, lbut have since recovered to a.bout 40%. There is a small surplus of hausing in these Sections, but no need for new housing and no new residential constructien. Foreclosures were ve'rYJ heavy in these sections, with ~bout 85~ of the properties being foreclosed. SECTllON fl . .., D. RED. This Section is lmown as Port TaJU.Pa Oity, contains level land, and adjoins the industrial section formerly occupied by the Atlantic Coast Line Railroad Shaps, phosphate elevaters, and gasoline storage tanks. The Section is steadily shrinking and as soon as deep water facilities are available into Tampa. proper, this outlying port will lose its principal asset, at which time there will be a further . shrinkage in the .activities of the community. The Section is occupied by laborers, predominantly 100% white, with the majority, ho,me-owners. One and two story frame residences, ranging in price from $600 to $2,000 predominate. The buildings are • from 15 to 40 yea.rs old, a.re in fair condition, but many need major 1repairs. The Section is gradually going down-hill, with people drifting away f1rom the community. The principal det!rim.ental influences of the Section is the gradual cessation of the industrial activity, while the principal beneficial influence is the direct street car line to Tampa some 8 miles distant. Sales prices at the low in 1932 were about 2~ of the 1925 peakpriees, and have since recovered only to about 25% of the 1925 peak prices, while sales velume at the low wa.s about fl!, of the 1925 volume, and has since likewise only recovered to a.bout 1~. The Section is a.bout 9~ occupied at the present time, ~.s about l.O~ occupied at the peak in 1925, and was about 65% occupied at the l0w in 1931 and 1932, while rental prices at the present time a.re a"'bout 35% of the 1925 peak prices, having 1recovered fr0m the low of 25"• There is some surplus 0£ musing in this Section, but n0 new residential construction and no need: of new housing. There were no,t many moartgages ma.de in this Section; consequently, only a few f ·o reclosures. SECTIONS #2£J~J.'.4 ,1 and IS: • - D. RED. These Sections a.re mown as Ybor City, Palmetto Beach, close-in Tampa Heig}lts, and West Tampa. The SectioE.s contain some ieviel and! same ro!l.ling ii.and and Latins and Negroes accupy aibout 9S% 0f the Sections. The La.tin concentrations al'e presen-t in these areas because the cigar fa.cteries are leca.ted in same. One and two stol'y frame residences ranging in price from $800 ta $4,000 predominate; these buildings are from 15 to 40 years old, with the majol'i,ty in fair candition, while some need! major repairs and some need demoliti:on. There is no shifting of population i ,n these Sections, which are unr:estricted. The Seeti0ns have no particular detrimental. influences which will affect the type ef peeple eccupying same, and the beneficial influences from the standpoint of this t~e of occupant is the proximit;y of the cigar factories, good transportation facilities to the City, plus the loeation within the areas of the community's own banks, restaurants, theatres, and retail shopping centers. Sales prices at the low in 1932 were a.bout 4<>% of the 1925 peak prices and have since recovered to so%, while sales volume at the low was about 10% of the 1925 peak v011lme, having since recovered to about 20%. Sections are a.bout 95% peak in 1925 and about rental prices are about of about 35%. The occupied at the present time, were 100'}& oceupied at the ?ff/, eccupied at the low in 1931 and 1932, while the present so% of the 1925 peak prices, having recovered from the low There is no surplus of housing in these sections, neither is the1re need for new housing, although there is a. little new residential construction. The Sections are n~rly 10~ built up and on account of the •Ju,.e of the impro ~ - 10 - t vemen, s, • • there is a strong demand for demolition, modernization, reconditioning, and ' remodeling. Foreclosures in these Sections were comparatively light, due to the fact that there were not many mortgages d.n the Section, ibecause the properties were owne~ free and clear. SECTION 1/;s~.cc-_,D,,_._,,,BEileec. !l'his is the channel or extreme east side of Davis Islands and contains level, filled-in land, improved ~ith 4 small apartment houses and one or two residences. The Section occupies only a very small area. - 11 -
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