Evening Star Newspaper, March 4, 1922, Page 14

THE EVENING REAL ESTATE. —7|/HOW T0 DEVELOP REAL ESTATE. RIVIERA APARTMENTS PURCHASED FOR $275,000 ' If You Want AN A[:REAGE .I-RAE]. Sale of the Riviera apartment One of Those Beautiful T e A Kansas Avenue Homes northwest, to George C. Keeler, was announced this week. It is stated the consideration was approximately $275,000. The Riviera was completed in 1920 by David A. Baer. It contains thirty- two apartments of two, three and four rooms and bath each, several of which are furnished. Gross rents each year average $36,360. The sale yas negotlated through the office of Only two inside and one corner left Inspect at Once 3801 to 3831 Kansas Ave. N.W. —between Quincy and Randolph Sts. Only 1% squares from lith St. car line. R. E. Heater Tells Y. M. C. A. Realty Class of Subdivision Development. Subdivisioh development was ex- plained to members of the Y. M. C. A. real estate class this week by Robert E. Heater. Complete steps in bringing an acreage tract into a finished home community were described. Mr. Heater pointed out that many people have had the idea that sub- urban development consisted only of acquiring a tract of land, superficially G AR RS £ R 3411 Woodley Road 6 and § large rooms: attic; h. w. h.; electric lights; lots of closet space; double Tear porches; wide cement front porch; built-in ga- THOS. J. OWEN AND SON, AUCTIONEERS marking out certain lots and streets you are looking for a rage with each house. In a Brick Center Entrance Home Containing 11 and then going foyth looking for vio- | 5 == lm';-:;. ‘;l'lvu;;v.:ent. bu;lgz exclusive location. an; ing in Rooms, 3 Master Baths, 2-Car Garage. D e ks and Jesse James One of a group of detached residences to be erected n Harry BSTATE it will pfiy you to For Sale by English village, Massachusetts Avenue Park. The house Mculred will Boj built at the corner of 34th street and Woodley coad. ‘Wardman & Waggaman are the architects. watch our AUCTION “SALE ADVERTISEMENTS. COR- . RESPONDENCE SOLICITED. INFORMATION CHEER- FULLY FURNISHED. Thos. J. Owen and Son Real Estate Auctioneers 1331 G Street N.W. Main 3090. carried a gun, he said. Aside from this feature even, it is an unprofitable proposition to attempt to market a subdivision that has not been care tully studied and sclentifically llld out. “The value of the acreage must be carefully THOS. A. JAMESON OWNER AND BUILDER Main 5526 Inspection by Permit Only TRACT OF LAND BOUGHT FOR BUSINESS BLOCK Allan E. Walker Investment Com- pany to Improve Large Space at Conn. Ave. and Macomb Street. Development of land at the north- east corner of Connecticut avenue and the north side of Jefferson street, Nos. 1205 to 1231, pleted by Mr. 906 N. Y. Ave. NW. After 5 P.M,, Lincoln 6146-W tract measured,” the speakér- sald, “for a mistake in this instance would result in a losing proposition for the developer from the beginning. “Factors that enter largely into the value are location, topography, sur- rounding conditions, accessibility to the city, transportation fasilities velopment requirements and the ch acter and cost of improvements. A other important factor which is gen- will shortly be com- Dunh:nn. “The Best Homes in Takoma Park” N TAXOMA PARK HOMES W. C. & A. N. MILLER Realtors and Builders Union Trust Bldg. Main 1790 $8.750. Handsome 6-room and attic erally overlocked by the layman is the quantity of land that has to be de- ducted from the gross area for dedi- cation as streets and alleys. This has to be taken into account mathemati- cally in order to determine the net +|land available for sale. “Subdivisions within the District of Macomb stzeet for business purposes is planned by the Allan E. Walker Investment Company, it was stated today. A large tract has been purchased at this location, embracing about 88,000 dungalow. extra well built, on_well- located lot. Has 3 bedrooms. room with fireplace. try. similar bungalow, but with ! bedroom on first floor and 2 Rooms large. trict side, bath and Columbia must now be lald out in {| conformity with the general scheme || of streets that has been deslig.ated square feet, and the company intends to erect thereon a number of “high- ' A new row of houses located on ak floors, etc. L‘ .750. . N I 3 Living Y telien with pan- i Onk floors throughout. Ivory t: " and matoguny doors. Hot:water hea iy $9,000. For those who prefer tho Dis- | | class business buildings.” ‘The property, part of the John Sher- ‘This 3 , 28! d_stucco_construction. H | onk foors and al ity i AT Ina Co-Operatlve Apartment COST In Washington Heights An Unusually Good Buy by the highway commission. The plan | [adopted by the commission has in mind fixing all permanent road for the purpose of uniformity as lh. city gradually develops. class subdivisions usually have instalted all improvements be- fore the property is marketed. One of the first improvements after the land has been properly surveyed and graded the laying out and improv- eets, gutters and sidewalks. isions within the District of are connected up with the main sewer and water systems, and are tapped when the development of homes begi What Owner Pays. It is not generally understood, Mr. Heater stated, thet all improvements, sidewalks, sewers, the planting of shrubbery, etc., are paid by the property owner. The ly item that s not chargeabls to roperty owner being the instal- Tation o & lighting system, this being done by the District government as || the building of homes progresses. ators, it was explained, calculate the entire cost of all im- fing man tract, was sold by Samuel Ross |N complete home, in one of the best parts and others to the Allan E. Walker |N of Takoma. Investment Company at a considera- tion of nearly $100,000. About one- half of the property involved has a frontage on Connecticut avenue, of 365 feet running north from Macomb street to a point beyond the inter- section of Newark street. The other half of the property runs to the east along the line of Newark street, if ex- tended. i This is the first plece of ground on | Connecticut avenue north of Florida avenue that is zoned for business, and it is the intention of the purchasers to improve the avenue front by buildings of this character, reserving the New- ark street ground for future develop- ent by dwellings. The construction 11 be In charge of the building de- | partment of the Allan E. Walker In- vestment Company after plans by | Robert F. Beresford. . e FIVE HOUSES SOLD. Dwellings in Various Parts of City Change Hands. D. J. Dunigan reports the sale of five new houses this week. Premises 1213 Jefierson street, con- taining six rooms and bath, was sold to Howard P. Bailey, who formerly resided at 3449 14th street northwest. Irving C. Towson of 400 M street purchased the new six-room house located at 1224 Jefferson street. Property at 1220 Jefferson street was sold to Willlam C. Keafauver of 484 F street southwest. Thomas W. Cissel purchased prem- ises 1204 Jefferson street as an in- vestment. Andrew W. Brown, jr., purchased a dwelling at 1323 1st street north- :e{.t‘. This house has six rooms and A mmplete and very attractive small bungalow—2 bedrooms, bath, living room and_kitehen, One block from car line. 500. On terms. ,000. Under our co-operative plan of apartment ownership it costs the purchasers (1) their proportionate share of taxes and operating expenses, and (2) interest on their deferred purchase money. Including an allowance of interest at six per cent on tthe money paid, interest actually paid on the balance, and the pro-rata share of taxes and expenses, the average monthly cost per room in one of our modern, fireproof, two-elevator buildings was $14.51. This is not an esti~ mate, but a result obtained by an independent audit at the close of the first year of-co-operative ownership. Rented apartments in this building were from $18 to $30 per room. We sfill have a few good apartments in the Northum- berland, and have just completed arrangements for the sale of Copley Courts and Willard Courts. Floor plans and complete information at our office or mailed on request. iisting of a' very well- constructed 3-story modern house, con- venient to 14th street car line. Recep- tion hall, living room. dining room, 1 N kitchen and screened porch, first floor: bedrooms, bath and rhoen ctoset, wecsod 6250 squate fect. Similar_Gatory house, with a ground. A good investment. One of the best values we have. LILLIE & HENDRICK 21-23 Carroll Avenue ‘Takoma Park Col. 892 W carrying arges of the land for the purpose determining the some cases, however, this Is not done and certain improvements are charge- able to the subsequent owners of in- dividual lots. In this connection Mr. |fi| Heater 1aid stress on the importance {1 of incorporating in the contract of sale a complete reference to the items of expense, so that purchasers would | know absolutely what they would have to pay for improvements, there- || by avoiding subsequent misunder- standings. At the next meeting of the class || “Methods of Taxation” will be dis- |'cussed by William P. Richards, assessor of the District of Columbia. PLAY GOLF IN SOUTH. i1 Herbert T. Shannon, senior member | of the firm of Shannon & Luchs ac- || companied by Mrs. Shannon, has been with the “golf colony” at Pinehurst | during the last week. Mr. Shannon | announced before he left that im- mediately upon his return another 54 | Union Realty Corporatlon | 1410 G Street Mam 8415 Be Sure to See Our SUNSHINE HOMES IN $75 Monthly Payments 1352-4-6 K St. S.E. Large Sleeping Located in a Very Attractive Neighborhood ] | 8- Ferrate wonia vs started oo Open. for - Inspection and Close to Connecticut Avenue Roomifor T Garages [ FOR SALE N. W. Corner Ninth and | Buchanan Streets N.W. This comparatively new home has been completed only a few ‘months and occupied by owner. A brick home of eight rooms, 24 feet wide, on lot 125 feet deep; hardwood floors ; hot-water heat; electric lmhts. The Homes with the Big Lots—20-foot front—plenty room for garages, flowers and garden. 12th and Michigan Ave. Bungalows and Central Hall homes, in town, with FOR SALE Priced Very Reasonably Seven rooms; bath; hot- g;oux;ld all agound foroless The only gew city %fise_ omerea 1 531 N H - ¢ Inspecti than houses in a row. Over on the market for cash an Flong oot o z:ter M}:::lztrn ;‘I?::Clzl sixty sold before comple- i Ly 60 1o3s fhian rogula: price = ew amp8hn'e Ilkvenue cKEEVER GOS eve‘x‘:y detail. Price $9,350. tion. Easy terms if desired. and walk a square south. : and 2 Take Brookland car to end o " Sty Batance B of e, Buile by OPEN DAILY A Smart Residence Middaugh & Shannon, Inc. Woodward Bldg., 15th & H “No Place Like Home; No Homs Like Ours’ A BIG BARGAIN 276 "Acres-Price, $4,500 Only 15 Miles From Washington on Southern Railroad Fronts on Railroad Sitaated in Desirable Section of Virginia Would make an ideal gun club, lod 10-acre tracts. An opportunity seldom of JOSEPH C. ZIRKLE 203 Colorado Building Phone Mairi 4985 H. R. Howenstine Co 1314 F Street N.W. Just remodeled and modernized. Is well adapted for entertaining with its large sweep of rooms on the first floor. FIRST FLOOR—A very swagger reception hall of the Adam period with black and white marble floor and glazed doors. Large draw- ing room with paneled walls and fireplace with attractive mantel. Library with paneled walls and fireplace. Smoking room just off dining room, with lavatory. Large, light dining room with attrac- tive fireplace and pantry. SECOND FLOOR—Three unusually large bedrooms, each with private bath. Front bath with tiled shower recess. THIRD FLOOR—Three large bedrooms, each with private bath. Front bath has tiled shower recess. (Each of the bedrooms orf the second and third floors has a fireplace and all bathrooms are very large.) FOURTH FLOOR—TFive servants’ rooms and bath. Ample stor- age space and lockers. BASEMENT—Large kitchen in white enamel, tiled recess for range with hood. Laundry, ample closets and storage space; fur- nace room; servants’ bath and servants’ dining and sitting room. FEATURES—This residence is in the heart of the best residen- tial section, being just north of Dupont Circle, and is surrounded by residences which insure its future. It is unique in having a frontage on two streets, as it runs through from' New Hampshire avenue to 18th street, and in the rear overlgoks the home of Secre- tary Hughes. The ceilings of all rooms average twelve feet in height. Every room in the house is unusually largé. The plumb- ing and ;lectrical fixtures and connections are all the most modern and conveniently placed. Open for Inspection Sunday, February 26, From 9 AM. to6 PM." Repruenuhve on ises. HARRY WARDMAN 1430 K Street N.W. Phone Main 4190 Exclluiva Agents Floyd E. Davis 7th md E Sts. S.W. Mnln 383 1405 Eye Street N.' Main 4752 Albert D. Lasker, Chairman Joseph W. Powell, President Elmer Schlesinger, General Counsel Representing : United States Shipping Board Emergency Fleet Corporation Will help the Housing Situation or subd ivision of Chester, Pa. Sat, March 25th, 1922 Watch newspapers for further details An Qutstanding Value | On New 6-Room Brick Houses Priced at $8,250 $1,000 Cash; $75 per Month Crittenden Street N. W- Just East of Ga. Ave. ; Just Three Left—Open Today and Tomorrow SHANNON- & LUCHS EXCLUSIVE AGENTS Main 2345 713 14th St NW. §