Evening Star Newspaper, June 4, 1921, Page 13

« mormal rate, Real Estate - , Investments Part Two. ! WA BUSINESS ¢ Fpening SHINGTON, D. C, SECTION FOUR APARTMENT HOUSES SOLL, | " VALUED AT MORE THAN $500,000 Ambassador, NCWPO 9 < G - 1ami and Poto- mac Chgnge Handf—Other Important Sales During Past Week. Four apartment houses in the north- west section valued at more than half a million dollars changed owners this week through two real estate offices. ‘The apartments sold were the Ambas- sador, 16th and § streets; the New port, 2164 Florida avenue: the Miami, 1926 New Hampshire ayenue, and the Potomac, 3333 N street. The first two were disposed of through the office of Hedges & Middleton, Ind} and the last two through the office of Shannon & uchs. Valued at $400,000. The most prominent of the transac- tions was the passing of title of the Ambassador from H. R. Howenstein to a local investor, whose name is withheld from publication. This build. ing, valued at $400.000, is practicall. new. having been occupied but a few months. It is located at the southwest | corner of the intersection. The struc- ture is of imposing appearance, eight stories high."and contains a total of sixty-four apartments, ranging in size from one room and bath to four rooms and bath.The construction is of the most approved fireproof vpe throughout, ‘and the building is pro- vided with many _individual modern conveniences. < John F. Coburn. an out-of-town in- vestor, purchased the Newport from Francis M. Crawford for a consi tion reported as having been § ! The building contains sixteen apart- ments of four rooms and bath each. Loeal Investors Buy Others. Felix Lake, local investor whose holdings already include many of the large apartment houses in Washing- ton, acquired the Miami. This is a four-story building containing _six- teen apartments-of four rooms each. EIGHT PROPERTIES SOLD WQRTH OVER $70,000 Transfers of Some Moderate Sized Dwellings Negotiated This Week. Properties aggregating in value more then $70.000 were sold this week through the office of the N. L. Sans- bury Company, Inc. The list of trans- agtions follows: Henry L. Jemnings. purchased the two-story brick residence. 1346 Perry place. from James E. Magers. The house contains six rooms and bath . and hag all modern improvements. a Sde B. Pyle sold her resi- dence, 4800 Jowa avenue, to Satuel R. Beard. This is a detached frame dwelling containing seven rooms and bath, with all modern improvements and built-in garage. Property at 207 Sheridan street was sold by Chagles E. Wire, Inc.. to Jo- seph. L. less. This is a detached frame home of seven rooms and bath, sleeping porch and all modern im- provements. Two-story brick residence of six rooms and bath, with all modern im- provements, sleeping porch and co- lonial fromt porch, located at 820 Kennedy 8treet. was sold to Mrs. Nora T. Torpy by Mrs. Della G. Small- ‘wood. Mrs. Anna M. Harlow sold to Edmonson Reynolds a bungalow, in Cottage City., Md. This home is sit- uated on & cormer lot. It has six rooms and bath, all modern improve- ments and garage. Henry W. Winter bought the two- story brigk semi-detached residence located_at 123 Randolph street from James L. Oney and wife. This home contains seven rooms and bath and has all modern improvements. The new owmer expects to move into the premises shortly. The three-story brick residence, 2909 13th_street. was purchased by Charles Fahy from Mrs. Lizzie A. Rosafy. The -hoyse contains nine rooms and bath, hot-water heat and electric lights, and there is a garage. oseph Schiavone purchased the two-story brick residence, containing eight rooms and bath with all mod- ern improvements, at 1350 Taylor street from Clarence H. Small. —_—————— Building in Manhattan and the Bronx continues far below the sub- it is reported. places, inst; 1 cious and bright. Brick N 3500-2-4-8 Desirable new homes of eight rooms and three baths; exceptionally. well con- structed. Contain all modern conveniences, many unusual - features; two open fire- ntaneous hot-water heater, two large rear porches 24x10. - All rooms spa-> Located on Sixteenth Street in a very Convenient to car line; bus line passes door. Representative on Premises Tomorrow 2 to.5:30 P.M. Open Every Night 7 to 8:30 P.M. : Exhibit Home, No. 3506 . - i The property formerly was owned by Minnie L. Goldsmith. The considera- tion was not reported. Gerson Nordlinger sold the Potomac apartments to Walter F. Weide, a lo- cal investor. The building has been thoroughly modernized. It contains ten apartments. Activity in apartment house sales departments of the various real es- tate offices has been marked during the past few months, records show. Whether the large number of trans- actions involving exchange of own- ership in this type of dwelling can be attributed to the influence of the Ball rent act or to a natural revival of trade in the local field is a question lon which opinions differ. Some of the city's foremost apart- ments have been included in the weekly turnover as reported by | agents negotiating the sales. The sale | of Clifton Terrace, formerly known as Wardman Courts, at 13th and Clifton streets. was one of the first large deals to go throush in this connec- | tiorl, the consideration running into | the " millions. More recently the | Chastieton, at the northeast corner | of 16th and R streets, changed hands for a consideration also mounting | into seven figures. More than a score of smaller buildings have been bought and sold, in a number ‘of instances two or three times within a short space of time. In addition to buildings purchased solely for a dozen or more prominent apartment houses which have been sold by their owners to corporations organized by co-operative buyers. Testimony given this week before the Senate commit- tee on the proposed extension of the Ball act disclosed that one office alone has arranged the co-operative sale of eleven buildings at an ag- gregate totaling about $1,850,000. |WASHINGTON REALTORS | WILL BE NAVY’S GUESTS ‘Will Be Taken to Great Lakes Sta- tion During Stay in , Chicago. / Washington realtors and their fam- ilies who attend the annual conven- tion of the National Associatian of Real Estate Boards,' July 12 to I5, in Chicago, will be the guests of Capt. D. W. Wurtsbaugh, U. S. N., commandant, and of the officers and men of the United States naval training station, great lakes IiL The station is the largest in the world and the first inland institution of its kind in the country. Thursday noon the realtors will be taken to the ngval training sta- tion in special trains. Promptly at | 2 o'clock the 8,000 men at the post will pass in review hafore Capt. Wurtsbaugh and Fred E. Taylor of 5 and 7 Room Bungalows Cash. Monthly, Cash. Monthly. $750 e $2,000 $45 For Sale by Realtors MIDDAUGH & ‘Tenth Floor, Woodward Sixteenth Street garage adjoins rear. Price Reduced $3,000.00 H. L. RUST Exclusive Agent investment purposes are | Since 1899 “No Place Like Home; No Homes in town with ground all around ‘for less than houses in a row. Exhibit 12th and Shepherd. Open daily from 10 to 8. Take 11th, F, G or North Capitol street car marked “Brookland” to .end of route, or call Main 6935. Cut this advertisement out for reference. Write for illustrated booklet. desirable and well =stablished' ne‘ighbofl'lyood. Left: The Newportsr2164 Florida Hedges & Middleton, Inc., arranged t The price was not stated. Portland, Ore., president of the na- tional assoclation, in the reviewing stand. The parade, which by post ) tradition is always held on Wednes- day afternoon, has been postponed to Thutsday by Capt. Wurtsbaugh in compliment to the realtors. During the afternoon there will be an_interregimental base ball game and the “jackies” will put on Wwres- tling and boxing matches and other athletic contests. Realtors will have lunch in the great mess hall where most of the men ate who were trained during the war for the navy, the same mess hall where many of the sons of real- tors ate their meals in 1918. Special trains will carry the realtors back to Chicago in the evening. The great lakes station is used as a naval training station for the men recruited from the, middle west. There are two training. regiments at the post and four training schools, which are aviation mechanics, ma- chinists’ mates, radio and the Hos- Home Like Ours” Be Sure to See Our “SUNSHINE” 12th and Micliigan Ave. 6 and 8 Room Houses Cash. Monthly. Cash. Monthly. $ .§76 $2.500 $58 3,000 . or Owner and Builder. SHANNON, INC. Building, 15th and H Sts. N.W. 912.15th, Street mue northwest, purchased by J he sale. pital Corps Training School. officers will conduct parties of real- tors about the post grounds amnd through the four schools, which are generally known as the University lof the Navy. REALTY FIRM REPORTS SALE OF TEN DWELLINGS Home Owners Investing in Prop- erty in Various Sections of the District. Ten homes ,were sold this week through the office of Shannon & Luchs. The list of sales fcllows: Hyman Goldbltt purchased the house at 3406 Rodman. street north- west from Commander M. G. Cook, U. | FOR SALE 502 & 504 11th St N.W. 3-story brick store. No leases. Lot 25 ft. 2 in. by 70 ft. to alley. | Reasomable terms. Good invest- ment. 3120 14th St. N. W. 3-story store and apts. above. No leases. Lot 17%x125. Val le 30-foot Lot on “K” St. West of Conn. Ave. —and running out on 18th |I! Street, 4,320 sq. feet; imcluding brick house 1009% 18 it Just two or ghree of these handsome Cozy Cottages —remain for diate occupancy. It only takes $1,000 Cash —to handle this deal. The balance is on a imme- convenient monthly basis. . You'll like Armsleigh . Park—and you'll like TWO APARTMENT HOUSES WEICH WERE SOLD THIS _WEEK. F. Coburn from Francis M. Crawford, the reported co, Right: The Miami, 1926 New Hampshire avenue morthwest, bought by Felix Lake from Minnie L. Goldsmith, through home. Mrs, Margaret Senior has sold" 1205 Gallatin street. one of the bungalow: recently constructed by Shannon & Luchs, to Zachary Taylor, who will occupy the premises. R. W. Corridon has purchased a lot from the Lynchburg Investment Cor- poration, located in their subdivision of Fourteenth Street Terrace, which he will improve with a modern bungalow. Max Scher has transferred the house at 707 Rock Creek Church road to Harry H. Haynes, who will use the same as a residence. Francis B. Mills has purchased from Jpmes F. O'Connor, premises 2130 Flagler place northwest, which he wlll occupy, after extensive improve- m ents. Reginald B. Updike has bought the six-room bungalow located on- Gar- m T. Selby. in the Is your Home yours? name? ¢ Home Ownership? guarahtees you a service valuable. N. L. Formerly 731 13th St. the arrangement of these' DETACHED Homes. b e The whole proposi- tion is very atfractive. Call me at Cleveland 1490—or come to 4415 39th St—and” let me show you these Homes —open _for . inspection any-day or evening. Take Chevy Chase cars —riding to Albemarle St. —(just north of the bureau of ‘Standards)— walking west—or Wiscon- gin Ave. ‘cars to Windom % R. E. HAMILTON Owner’s ‘Répresentative 4415 39th Street - A rison road, Clarendon, Va., from Wil- | Save While You Spend—Buy Your Own Home The Well Spring of True Hap.npiness is _Found Does your ambition lead in the direction of We'll answer all questions about location, price and the financing of the deal to your perfect satisfaction. An experience of about.two decades in Real Estate SANSBURY CO., INC. “Everything in Real’ Estate” ¢ . ditions. : : Houses, like people, have qualities which impress or distinguish them from others. 5 R E X Argonne Terrace houses, by reason of their splendid plan, modern equipment and elégant appointment, are attracting discriminating pur- chasefs who appreciate what constitutes REAL real estate value. SATURDAY, JUNE 4, 1921 = AP deration being $75,000. e office of Shamnon & Luchs, Petty | S. N., and will occupy the same as his|tract of unimproved land on Rock | Creek Church road, which he will use | for building purposes. George B. Sclden disposed of his residence at 1862 P west to William F. Franklin, who will |occupy the premises. | George B. Selden purchased the resi- |dence, 1351 Ingraham street north- , one of Shannon & Luchs' new ' eight-room-and-two-bath _colo- nial homes, which he will occupy. Ensign William Miller, U. S. ) purchased 2507 Hall place north from H. S. Bean and will occupy the premises as a home. Annie L. Barry sold the property at 418 M street northwest to Louis Stein, who will hold for investment pur- s. Margaret J. Connolly has acquired the property at 427 Randolph street northwest from Carl E. Leigh. _— | One thousand homes a week are H. R. Howenstein has acquired a being built in New York city. Home - Is the title deed in your and protection that is in- Now 1418 Eye St. W e The Washington Real Estate Board, as recently reorganized, is following the lead of progressive boards in va- rious cities in aiming to maintain the standard of the real estate pro- fession by guarding “jealously” the an announcement today by John A. Petty, executive secretary of the board. Realty boards throughout the coun- !try having membership in the Na- tional Association of Real Estate Boards operate to protect the public in real estate transactions. the an- nouncement states, and strive to maintain a high standard of ethical practice in the real estate profession. ‘ Practice of Goldem Rul “The official code of ethics adopted by the national organization insists on the practice of the ‘golden rule’ honor attached to the title ‘realtor, guard against practices that tend to iviolate the spirit of this code,” it is pointed out. “In many parts of the country local boards have established educational courses along real estate lines and are gradually raising the standard of the profession. This will eventually W. K. HARTUNG CHANGES HIS OFFICE LOCATION Real Estate Agent Now Occupies H 1108 16th Street—Reports Many Sales. William” K. Hartung has removed from his former location in the Southern building to ground floor quarters in the building at 1108 16th strect northwest. He will continue to conduct a general real estate busi- ness, but on a more extensive scale than previously, it is announced. The saleg force in each department has been increased and more atten- tion will be given the city and su- burban departments, _especially in connection with the sale of apart- ments, business, speculative and in- vestment properties. A rental man- ager with ten vears' experience handling New York city apartment houses has been employed. Sales reported by the Hartung of- fice for the past week follow: Premises 644 Lexington place northeast, sold for C. B. Groome to George L. Clark: a modern_six-room and bath residence. with hot-water heat and electric lights. Premises 411 K street northeast. s0ld for Harry B. Childs to Samuel W. Handy; a Six-room and bath brick home, with modern improvements. Premises 1543 Kalorama road, pur- chased by Nettle D. and Stafford H. Announces the General Real « % FEW OF THE ARGONNE TERRACE HOUSES AT 16TH AND COLUMBIA _ROAD REMAIN UNSOLD For many 'years we have made We purchased and are developirig Argonne -Terrace because we know that it is the best location for moderate priced houses in Wash-. ington. Its growth a study of locations for homes. is certain to be sure and steady-regardless of any con- Exhibit house, 1630 Argonne Place, open daily until 9 p.m. WM. S. PHILLIPS - 1409 N, Y. Ave. NW. use of the title “realtor,” according to | and the various boards, jealous of the | REMOVAL NOTICE William K. Hartung' From the Southern Building To 1108 16th St, N.W. Phone Main 372 | Wit e . 10 Pages -*. TITLE “REALTOR" IS GUARDED - BY D. C. FIRMS IN PROFESSION High Standard of Ethical Practice Set foz Those Who May Acquire Right to Use Word. z = E licenses to those properly qualified, thereby establishing a lis | between the reliable expert and ths curostoner. = Exclusive Right Upheld. | restrict “The title ‘realtor. tor, with the accent on the first syl lable, was invented by C. N. Ch | bourn, former president of the Mim eapolis Real Estate Board. At o nvention of the National Associati | of Real Estate Boards. held in New Orleans, March, 1916, the title ‘reah tor’ was ofticially adoptcd and la copyrighted for the exclusive use on of members of local boards that i turn were members of the natio crganization. Therefore it can onl be properly used by such memben and this exclusive right has been ups held by decision of the supreme courf of Minnesota. I “This invented word is being gem erally recognized and on page 88 the addenda to Webster's Inters tional Dictionary the following aps | pears: ‘Realtor. a real estate broker who is a member of a local bo | having membership in the Natio Association of Real Estate Boud% pronounced reall an organization incorporated in 18! for the advancement of ihe interes! of real estate brokers and the proi | tection of the public from unprim cipled agents or brokers. - Pemberton from Roberta L. Minor: a four-story brick residence, W modern improvement the pury chasers will occupy it as a home. - Premises 1430 33rd street northé west, sold for M. Edith Wise ang} Clarence E. Hooker to Dr. H. Fostes Bain: a large colonial residence lo¥ cated in Georgetown, containing teff rooms and bath, with hot-water heats Dr. Bain, after making extensive fms provements. will occupy the propert Premises 1315 M street northwe Katharyn B. Fox to Bert a large brick residence r Thomas Circle; after int; prov remodelinz the houst Miss. Kevs will occupy it. w Premises 111 10th street northeast pyrchased by Carrie M. Poole fram enrietta F. Bache: a six-room and bath orick house near Lincoln Pari Mrx. Poole will occupy the home. il Premises 30 U street northwel sold for Theodore D. Sloat to Ali sold fer E. Key M. Chaffee; a six-room and b drick residence, with hot-water h in_Bloomingdale. Premises 1617 Webster slreq northwest, sold for Charles E. Wing Inc..; an eight-room and bath residence recently completed. - P 3 o » Several hundred of the leading manufacturers and jobbers in (i} plumbing and heating industry in ¢ -east will meet in Washington June i at the Willard Hotel to discuss probs tems confronting the industry. conference was called by the Eastera Supply Association. “ Removal of His Estate Office /