Evening Star Newspaper, June 11, 1921, Page 15

THE d Coperave Apartments for Sale in NORTHUMBERLAND Plan New Hampshire Ave. at V Stree,t_ 1 two-room apartment 3 three-room apartments 2 five-room apartments 1 six-room apartment 1 seven-room apartment The fdlIO\\‘ing apartn(ents are immediately available: Prices: $3,500 to $11,100 Terms: One-third Cash; Balance Less Present. Rental Values " Ask for Appaintment to Inspect UNION REALTY CORPORATION 1410 G Street ¢ A 1%-story bungalow of the latest type, having reception living porch, dining room, pantry and kitchen, 3 bedrooms and bath, 2porches, garage, chicken house, 4ruit, etc. suburban home. cars, etc. Reasonably Priced at $11,000 Columbia Heights Home Just Off 14th St. on Prominent Street ‘Price $11,500 A strictly modern home with 9 large rooms and 2 baths, hot- water heat, electric lights and other desirable features. property is in perfect condition and owner will give posSession. | hall, ? 1}:u Main 8415 GIVE YOUR WIFE A REAL HOME not merely a)place to eat and sleep. She will be more de- lighted thar®words can tell. You can do it easily enough by our plan, which makes your money buy a deed to a hom instead of worthless scraps of paper. Come and talk it over. Bring the wife with you. She is an equal part- ner with you in any home-making proposition. room, breakfast Altogether an ideal Convenient to The porch, etc. sion. Near Q St. Bridge One of the prettiest homes in town, strictly modern and up-to date, contains 8 rooms and bath, hot-water heat, elec- tric light and good lot. sell on reasonable terms. little Will Just West of 14th St, Near . Allison St Price $9,500 A wonderful value in 2 mod- ern home; twostories and attic, extra wide frontage; 9 rooms and bath (4 bedrooms on second floor); hot-water heat, electric light, hardwood floors, sleeping Immediate posses- MOORE & HILL, INC. 1420-22 H St. N.W. 5 3 35 < ) 9 3% A (¥ o C AN T 2, WA EAR Sixteenth Street and Colorado Avenue—in a section of the north- west which is unsurpassed for its, many beautiful home sites—we have for sale a newly constructed, detached, brick dwelling. € On a large, wide lot and pos- sessing every modern conveniegce necessary. to the complete home—it contains eight spacious, bright rooms, two baths, electric lights and hot-water heat. 1 Front and back porches enhance the comfort and charm of this exceptional home. A garage is in the rear of the lot. | The price of $22,000 is an unusually attractive one, considering the perfection this home + presents and the trend of Washington real estate. John W. Thompson & Co. Incorporated- 821 15th Street Main 1477 See Our Listings in Classified Section. ;4. SRR S NS NS D K 7 i\ S AN DT RN &}*fl 5K We’re asking you to give this Colonial Home on Macomb Street—Cleveland Park most critical consideration—becauseit holds those features that contrib- ute to greatest living comfort— finish. Home. neys. ises. west. 1514 K Street and pleases that taste which de- mands effectiveness in plan and @ Tt has been built to satisfy— located where it will always be in consistent environment. You'll be making a good in- vestment—and acquiring a good Solid masonry founda- tions—fireplaces and chim- 'y Three baths. Built-in Garage. Open for every day and evenfng. Representative on prem- Take Chevy Chase cars to Macomb street— complete inspection 'Harry A, Kite Owner and Builder Phone Main 4846 D. C. Business Men Make Close Study of Co-Opera- tive Plan in Boston. ‘Washington realtors, Cognizant of the recommendation of the executive com- mittee of the National Association of Real Estate Boards that real gstate men foster building and loan associations and kindred institutions, are manifest- ing much interest in the co-operative bank recently organized by the Boston Real Estate Exchange. institution several months ago. - when the housing shortage situation ‘became acute and tke lack of money to bulld .nroved one of the greatest detriments to | construction, according to the current |issue of the National Real Estate Jour- nal,-official publication of the National Association of Real Estate Boards. Sixty Men Signed Charter. Sixty leading real estate men of Bos- ton signed the chartex petition. It Is said that the bank is the first of its kind to.be organized by realtors. Every offi- S§F of the bank s a member of the Bos- toh Real Estate Exchange and serves without compensation. Each loan is In- Vestigated thoroughly by a security committee and each loan thus recom- mended is then passed upon by the full of directors. The committee is composed of five directors, who are charged with the duty of personally in- specting every parcel of real estate of- fered as a basis for a loan. They report the valuation, desirability, amount to be lent and the “moral risk. In starting the bank the realtors had in mind the scarcity of homes and the difficulty of building, in view of the absence of mortgage money from the usual sources. Business Leaders Hold Stock. It was determined to have among the shareholders the heads of all the large institutions, from the governor of the federal reserve bank down; many state officials, the deputy bank commissioners, leading business men, etc. The bank operates by selling shares of a par value of $200, issued also in multiples of that sum, limited to $8,000 in any one name, and sold .on installments of $1 a share per month. The shares are redeemable at par and accrued interest at time on ninety days' notice. The money from the sale of shares can be invested pnly in first mort- gages' within the commonwealth, or in the purchase of liberty bonds. Members, however, may borrow on their, shares as collateral. Every bor- rower must be a shareholder and subscribe for as many shares as will equal at maturity the amount of his ortgage. Interest on all loans is lld coincidentally with the instal- ents. There are thus no depositors, having business with the bank being shareholders. - Advantages Explained. The Boston Real Estate ExcHange distributes literature to educate the public on the advantages of the co- operative bank as a means to save. The bank is furnished, rent free. with quarters by the real estate exchange. The success of the institytion in Boston has attracted wide dttention among real estate men throughout the country, and it is expected that a number of similar banks will be organized along a like plan, ENCOURAGE SAVING 10 BUILD HOMES Building Ihterests Foster “League” to “Save and Own a House.” With a vlew to initiating a coun- try-wlde construction revival, build- ing interests are fostering a move- ment to establish a permanent Yuild- your-home-by-thrift league, members of which will be pledged to put; away out of their earnings at least $5 a week toward a home-building fund. The only requisite fer mem- bership in the “league” will be evi- dence of the saving habit. Building material men, in a state- ment issued through their official organ, point out the need for such an or- ganization and how it may be formed. The statement fellow: “The only home worth while is the orie that represents the heart and the dreams of its builder apd pos- e8S0@S “This is the age of machinery but no true home will ever be ‘machine- made.’ Ry Humanise Housisg. “It is time to quit talking about the ‘housing problem’ as if it were a mere question of multiplying o many indifferent, impersonal stereo- typed. ‘cut and dried’ shacks, coops and Kennels for the hapless swarms | of human bipeds, feathered and otherwise, caught in the ever-rising tide of mediocrity. “Instead it is time squarely to face the need of giving every American | family, however humble, its present means _or position, the chance and the sufficient encouragement to build and possess a shelter of its own design to shield and house forever the sacred hearthstone fires that mu- tual love has kindled. 500,000 Homes Needed Yearly. “At least 500,000 such new homes comprise the augmenting natural need of the American people this year, without counting the millions | more postponed by the world tragedy ‘or the last half decade. “Whatever is done this year, be it niuch or littfe, will not possiblytake ; care of the fresh and equally insistent | | |need of the next and all succeeding | twejve months. “There are today some two billio dollars deposited in our building and¥ loan associations throughout the! country. This may seem a largei |amount. but it represents really less | lthun $80 for each American family. “If each one of the four million households now living under rented roofs should save but $5 a week to-} ward homes of their own, it would| swell these loan deposits by a clear| billion every twelve-months and by | the time each family had $1,000 to its | credit, the new deposits would, on the | same basis, exceed $4,000.000,000. ! Other Thrift Mediums. : “Nor are the loan associations the only popular and effective mediums for promoting the home building thrift_movement. *hlore and more the progressive ' banks of every community are addihg jhome savings or real estate loan de ments. § very local bank, whether nation tate or savings, should be vitally interested in the Build-Your-Hom By-Thrift League idea. should in some wayparticipate direct 1y"in the work of educating the pro: ipective home bullders of vour co: \ | munity. “Chambers of commer ness organizations are taking i hold of the matter, encouraging-the | development of “housing” corpora- tions, financing pl to meet the na- tfon-wide emergency. < “In all of this the building supply dealer by right of knowledge and per- sonal interest has it in his power to play a leading part in_developing practical co-operation, and helping to keep the public mind thoroughly in- formed and alive to the progress and importance of the movement.” Use of numbers for {dentifying :.ou-e- began in the eighteenth cen- ury. The Boston realtors established this | Ingleside apartments, 1657 Lamont street morthwest, bought this week by Johm n\xl-nhry from Willlam H. Bell, through the office of Willlam S. (Phillips. SREM0 0T | USED I BULDING Bullding contracts awarded during May In the district comprising Wash- ington, Baltimore and other nearby cities amounted it value to $43,612,000,} an increase of 60 per cent over the April contracts, according to statistics prepared by the E. W. Dodge Co pany. Total construction contracts in_this district for the first five months of the year have amounted to $128,212,000, which is practically equal to the aver- age of the first five months of the pre- ceding five years, the figures show. Included in the May total were the} following items: $13.098.000. or 30 peri cent, for residential buildings; $11,-| 28 per cent. for public works and_utilities: $6.201.000, or 14 ent, for industrial plants, and! 71.000, or 9 per cent, for business: buildinzs. i Contcmplated new work was report ed in May to the amount of $89,107,000. Activity Throughout C: Construction activity in througlout the country wa cent greater than in April. Contracts awarded in the twenty-seven north- eastern states of the country during | May amounted to $242.093.000, com- | pared with $220,856,080 in April, it is disclosed. In New England,and tRroughout the middle west, where wage disputes have been general, building activity kept up during May at about the same rate as in April. Substantial increases in activity were reported in the terri tory along the Atlantic coast from New York to South Carolina. Residential building continues to lead all other classes. In May coun- 912 per try-wide contracts for this class of; construction amounted to $82,982.000, or 34 per cent of the total. blic works and utilities amounted to $64,- 999,000, or 27 per cent of the total business buildings, $29.494,000. or 12 per cent of the total: educational buildings, $24.462.000, or 10 per cent INGLESIQE APARTMENT SOLD FOR ABOUT $95,000 Modern Building on Lamont:Street Bought by J. D. Kingsbury. ’ John D. Kingsbury has purchased the Ingleside apartment house, 1657 Lamont street northwest, from Wil- liam H. Bell. The sale was arrange through the office of William S. Phil- recommendation. On a high elevation overlooking R lips. It is understood the considera- tion was about $95,000. The building contains twenty-one, apartments of from tvwo to five rooms and bath each. It is modern through- out and has hot-water heat and elec- tric lights. Iy HOUSING COST COMPUTED. Rent constitutes about 13.4 per cent of the total living expenses of the ayerage tenant, according to the bu- reau of labor statistics. NOVA APARTMENTS SOLD DURING WEEK Belmont Street Dwelling Also Figures in Real Estate . Transfer. The Nova apartment house, 628 North Carolina pvenue southeast, a two-story building containing eight apartments of five rooms and bath each, was sold this week through the office of Hedges & Middleton, Inc., to Charles N. Joyce, trustee, by Alice N. Claggett. The seller was represented by the C. W. Simpson Company, Inc. “ As part payment on this apartment house the purchaser transferred title to the property at 1409 Belmont street fiorthwest, consisting of a three-story brick dwelling of nine rooms and bath. Other Sales Reported. . A number of other sales were re- ported this week by the office of Hedges & Middleton.. new house at 3811 13th spree] forthwest, which is one of a row jus completed by B. H. Gruver, was pur- chased by F. A. Edmonds. This is a #ix-room colonial style house. Dr. Charles F. Brooks sold his home at 3903 Ingomar street, a detached residence on a large plot of ground, to Warren Grimes, who has taken possession after making extensive im- provements. = A detached home in Saul's Addition, located at 1505 Delafield street north west, was sold for Col. Joseph Fair- banks to E. B. Farren. This property contains eight rooms and bath, and is_situated on a large corner lot. Premises 903 Rittenhouse street, comprising a detached home of the center-hall plan, having eight rooms and bath and situated on a lot 50x125 feet, was purchased by Laura A. Yale from Frank M. Cole. The purchaser has taken possession of the property and will occupy it as her home. Frederick E. Stepp of Warrenton, Va. bought the house at 1343 Park- wood place from Miss Sarah H. Boxer. | This is a golonial type house having six rooms and bath. It is one of a row completed several years ago by Harry Wardman. The six-room brick house at 1002 NEW HOUSES AT 16TH & COLUMBIA ROAD N.W. Kenyon street northwest was sold for L. A. Ritter to a local investor. Premises 806 F street northeast, a semi-detached brick house, was pur- chased by Dennis McCarthy from Mae A. Norris. B —— BOSS & PHELPS SALES. —— Five Properties Change Residence sales in various sections Hands of the city were reported this week by the office of Boss & Phelps.. A detached house at 1919 Park road northwest, in Mt. Pleasant, owned by Mary Spear, was purchased. by John C. Keane. The house is of frame and stucco construction, central-hall plan, two stories and attic, with all modern improvements and a garage. Elton A. Gongwer old_his home at 415 Quincy street, in Petworth, 1o Sarah M. Carroll. This is a thre - story colonial brick house, containing ten rooms and bath, hot-water heat, electric lights and front and rear porches. It was built about a year ago by Arthur Moses' company. A detached corner brick house, owned. by Frederick W. Smither, at 3718 Ingomar sgreet, Chevy Chase, was sold to Cornelia P. Grady. This house is of brick construction, two stories and attic, with all modern im- provements. Robert Kressin bought a three-story brick house at 1517 20th street north- west from Joseph E. Gatti. This prop- erty, which has Ween converted into a three-family apartment, is heated with hot water and has electric lights It will be held for investment pur- . C. L. Alsberg sold a residence property_at 1941 Biltmore street to Martha W. Hillman. This house is of brick construction, containing ten rooms, two baths, hot-water heat and electric lights. OLYMPIA APARTMENT - HOUSE SALE IS MADE \ ‘William Traver has purchased the Olympia apartment house, at the southeast corner of 14th and Buclid streets northwest, from Charles J. Bell and George W. Brown, trustees, for approximately $200.000, it learned today. The sale was made jointly through the offices of Jesse ‘W. Rawlings and Fitch, Fox & Brown. The Olympia is a Six-story detached building” of light brick, eontaining thirty-four apartments of three to seven rooms and bath each. The struc- ture covers an area of 7,537 square feet. The annual rental income amounts to $27,000, it is understood. ‘The new owner will hold the prop- erty for investment purposes. was Thirteen sdiscriminating buyers after invesligafio{l are satisfied that Argonne Terrace Homes, at 16th and Columbia Road, possess merit rarely found in houses at any price. “The location of Argonne Terrace, at 16th and“Colymbia Road, is its greatest Creek Park, surrounded the Building Supply News, [ of the total: industrial buildings, $2! 404,000, or § per cent of the total. Showing First Five Months., Building, activity of the first five months the year compares vVer; favorably with the same period of pre- | vious years. The total investment rep. resented building contracts let| from January 1 to June 1 has amount- ed to $839.357,000.° At the end of January activity from the first of the year to date was 6 per cent behind the average for the preceding five years; at the end of February, 11 Per cent behind: at the end of March, 4 per cent behind; at the end of April, 5 per cent ahead; at the end of May, 11 per cent ahead. R he demand for new canstruction ol by embassies and most elaborate homes, it is a superh warranty of value. At this location ybu are offered all that is newest in home construction properly assembled—resulting in a_home exXcessively utilitarian, and one which is the woman's conception of the ideal place in which to live. These homes have set a mew standard of excellence for.the builders of ‘Washington. There are four left. You will be fortunate if you will obtain one. . \ Exhibit House, 1630 Argonne Place Open Daily Until 9:00 P. M. still continues stromg. Contemplated new work was reported in May to the WM' s' PHILLIPS amount of $462, & mount of § 85,000, which is 18| Realtor per cent greater than the amount re-| 1409 N. Y. Ave. NW. ported in April, the Dodge report shows. X During the first five months of the year more than two billion dollars in contemplated new work has been re- ported. This #s cogaiderably more than double the amoMt of contracts awarded, and indicates the pressure the demand for constructios 4116 3rd St. NW Announcement PETWORTH Jerworrit -} | 1887 | Wi, H. Saunders & Co. '~ Large Porches . = / g Auple Closets Invite the Public ~ to Their 1,000 S New Offices o n s 1433 K'St. N. W. 2 ’ (Corner \‘mt Avenue) o Y The building formerly \oecupied by the Department of Justice, wiere their offices and faciliti?ehave been very much expanded and where they will be Hetter equippe® to manage the business of their, clients. y Executive “Staff .WM. H. SAUNDERS " Efficient S-e-r-v-i-c-e Manager CLAUD LIVINGSTON We have spared no effort to bring forward new ideas, and our methods have been constantly corrected to meet the changing con- ditions. It is hoped that “this policy will create a large measure of confi- dence and be the means of obtain- ing valuable -re- sults for our cli- ents. “Perfection in Service” is as- sured. Aceounts and Settlement Rental Manager CHAS. F. MORRISON Fa Department FRANK A. JONES * Insuramce & Conveyancing Mrs. N. M. L’ JENKINS | jber=- | . Thirty-Three Sales Force : ‘ Successful Years* - H. CLIFFORD BANGS « VERNON H. WHITMAN & d = { ‘ the time during which Wm. H. Saunders & Co. THUR C. ISRAEL ARTHUE. 0 have ‘enjoyed the- patronage 'of thousands of clients in Washington and various sections of the ., JOHN T. WILLIAMS FRANK A. SIMON country, and we hereby pledge our best services = o in the future: - & Wm. H. Saunders & Co. 1433 K St. N.W. Phone M. 1016-1017- Take any 9th st. car marked Soldiers’ Home to 3rd and Upshur sts.. D. J. DUNIGAN 1321 New York Ave: Main 1267-8 S3Ss88aea, A