Evening Star Newspaper, December 30, 1922, Page 14

, REAL ESTATE. ' OWN YOUR HOME AND LIVE IN WEST CHEVY CHASE HEIGHTS Exceptional Homes on Terms —You'll Find Exceptional —Also€hoice Building Lots @ Master-built is the right term to apply to these homes. Their construction could not be better. Bethesda Blue Stone forms bases, chimneys and fireplaces. The semn—bungalow arrangement insures maximum comfort and minimum housework. ¢ PRICES and TERMS will ap- peal forcibly to You. 2 miles of paved streets and other improvements Toe see them, take Rockville Street Cor. get off at Edgemoor, walk about two blocks out maja Reckville road, or drive out Con- nmeeticut Avenne to Chevy Chase Club, turn west through Bradiey Lane and morth on main ro: teo Ruckville to preoperty. 3% REPRESENTATIVE ON PROPERTY AT ALL TIMES THCMAS HAMPTON 710 Fourteenth St. N.W. Telephone Franklin 5394 FEATURES 7 Rooms and Bath—Semi- Bungalow Type with Stone Bases, Chimneys and Open Fireplaces, Superior Construction One of those pleasing types of Kite-built Homes — Popular Homes. There were 65 completed and occupied before we had these ten ready— and they are being rapidly taken. Albemarle and 30th Sts. the highest point in Chevy Chase, D. C. All these are “homey” types—and beauti- fully finished. Six rooms, bath; hot-water heat ; stone foundation ; slate roof; cement porch. Price will suit; and so’ll the terms Open for Inspection Day and Evening. Our Mr. Hamilton is on the premises constantly, or sncclal appomtment may be made by phone, Cleve- Tand 14% Take Connecticut avenue cars to Albemarle street—first stop north of Bureau of Standards—turn west to 38th strect. Hal'l'y A- Kite Builder Member Washington Real Estate Board 1514 K Street Phone Main 4846 Begin the New Year Right By Resolving to Inspect Our New Homes Beautifully Located on Kansas Avenue Between Allison and Buchanan These Homes Represent Our Best Effort in Planning, Designing, Workmanship and Finish Sample, No. 4515 Kansas Avenue, Just North of Allison Between 7th nm_l 8th—Open Daily and Sunday Until 9 hames and within one sguare of Bh erman Roal, honest values. And we want every one interested to ses them. OUR TERMS ARE DOUBTLESS EAS THAN YOUR LANDLORD WILL MAKE YOU CHAS. D. SAGER Owner and Ballder Main 36 ..M fer New Homes omn the Easy-Payment Plan Experienced dve‘rtisersl’refer TheStar THE EVENING 'STAR, WASHINGTON, D. C. . . RANKS HIGH Seventh Among Cities, Show- ing Nearly Four Billion Con- struction in 1922. Reports of building operations from all parts of the country indicate = total of $3,828,000,000 as the nation's construction record for 1922, accord- ing to the §. W. Straus Company of New York. In round numbers the amount exceeds the 1921 total, pre. vious high mark, by nearly $1,000, 000,000. Washington stood list of cities having bullding for the year. enth in the rge gains in the capital's increase of approximately $18,400,000 being overshadowed only by gains in New York city, Philadelphia, Chll:l‘o. Los Angeles, Boston and Detroit. Building throughout the country for the month of December approxi- mated $250,000,000, a substantial in- crease over December, 1921, despite the fact that the last month of 1922 shows a decrease over Novembe: this year. natural seasonal causes, supplement- ed by transportation congestion. During each month a new record has been established. No Building Cost Decrease. “There is no indication of any de- crease in building costs,” the Straus {Company states. “On the contrary, conditions point to a continuance of the preaent wage scale, with a ten- dency, especlally In the larger cities, toward higher levels In New York and many other important centers the actual and prospective shortage of laborers is a subject of consider- able importance to employers. The ranks of the skilled mechanics are bLeing reduced to a greater extent than they are being replenished. “The fact that living costs of wage- earners still stand at about 58 per jcent more than in 1914 should also {be noted in figuring upon a buflding {labor scale for the near future. Dur. ling the month of December the price |of labor, for the country at large, held i{firmly at the November level, irre- spective of a universal slowing down in building operations over November. This would seem to indicate that the jtendency of the price of labor will be upward when building operations in the spring resume the proportions which are anticipated. “There were some slight fluctua- tions in bullding material prices dur- ing December in sections where build- ing operations continued active and freight conditions caused delay in de- livery. On the whole there was no general change in the price of im- portant building materials. Trend to Larger Bulldings. “The volume of building permits is- sued in 1922 did not increase propor- tionately with the value of new con- structfon. 2 significant illustration of the progressive tendency toward larger and better bulldings of all types. “From all parts of the country need for more buildings of one type or an- other was reported, and it is the opinion of experienced observers that the ensuing year will witness build- ing activities of considerable magni- tude. “With regard to the financing of new building operations, the market on first mortgage long-term real es- tate bonds remains firm at 6 and 633 per cent, according to the locality, the ruling tvpe being 6 per cent in the east and 63: per cent in the west and south. With the improved “tone in general business and the increased demand for capital in these avenues of trade and commerce and the indi- cations of continued activities of large proportions in the building in- dustry, a firmer tone is noted in th market for first mortgage real es bonds, which emphasizes the fact the present is an advantageous time to consider long-term financing of im- proved propertles. “From estimates and reports so far submitted by building departments during the closing days of Decem- ber. forty-seven cities showed a gain during the entire year of more than 2,000,000 Comparison of Cities. “The list and gains in each city Ga., $9.300,000; Baltimor 000 Berkeley, Calif. !"200‘ 5 X Buffalo, N Mass. 60 0,000; 00 Cincinnatt, . $12, 00,000: Cleveland. Ohlo, 1$6,800,000; Columbus, Ohio, $8,900,000; | Camden, N. J, $2.400,000: Dallas, Tex., $3,500.000: Dayton, Ohio, $5,30¢ 000; Denver, Col., $7,800.000; Detroit, Mich., $35.900,000; Duluth, Minn.. $3, 600,000; Elizabeth, N. J.. $2,700,00 Fall River. Mass., $2.900,001 Mich, $3,200,000; Fort Wayne, ln " $4,700,000; Grand Rapids. lllch 300,000; Indianapolis, Ind.. $i 000; Knoxville. Tenn,, l.,ZDDJlO sing, Mich., $2,400,00i Calif., $38,000,000; Louisville, $9.000,000; Milwaukee, Wis., $6.70 000; Mlnnenpouu Minn., $8,500,00 00,000; New HlveYn. Springfield, Louis, Mo., $8,300. 0 $8,400,000; Syracu: ‘Tulsa, Okll.. l‘.l‘m 000, Utleu. N. $3,800,000: Washington, D. C. 400,000; Wheeling, W. Va., $2,100,000. “An analysis of December estimates and reports from building depart- ments in. the various cities shows that the decline over November fig- ures was quite evenly dlltrlbfltid over the countr: Just Finished, lle-dy for 1016 16th St. Select location, granite plate-glass front, vapor heat, n- frigeration, incinerafors and all latest refinemenu rent. 4,5 and 6 with bath; hardwood flo ramnlbh' rtments, b\lflt-ll ’lnmblnt.v ! :INEWD.C. REALTY RECORD SATURDAY, DECEMBER 30, 1922. NEW CONNECTICUT AVENUE APARTMENT HOUSE. IN BUILDING GAINS| Apartment building for L. Gibbon White. mearing com, It contains thirty. e apartments and two stores. Stern & Tomlinsen were the architects. I3 PREDIGTED NEXT YEAR Allan Walker Company Has Done Ten-Million-Dollar Business. Establishment of a new mark in real estate activity will be accom- plished in Washington during 1923, according to a prediction made today by the Allan E. Walker Company. The firm {s closing a year of busi- Tess involving sales and loans total- ing approximately ten million dollars. This includes vacant ground, business, investment and residential property| in all sections of the city. At the present time the Allan E.| Walker organization’s mmjor project | is the $8.000,000 Hotel Walker. The company is building a number ! of homes in Chevy Chase. on Albe- | marle street west of Connecticut ave- | nue and in Petworth, together with | gasoline stations, apartment build- | ings and business properties. This building program will be. greatly augmented by the company | s00n after the advent of the New Year, | in the December sales are business and residential E. D. Williams sold the propperty at 1815-17 L street northwest to Winifred E. Johnson. A local corporation purchased prem- ises 1616, 1618 and 1620 L street| northwest. which will be developed | immediately. i For David W. Burke the apartment ! building at 1826 M street northwest was #old to Elizabeth A. Cook. The Roval Garage, on L street, was sold to C. J. Cusack, who will hold the property for investment. Algernon P. Reeves bought the new home, buiit by the Allan E. Wal- ker Investment Company at 3901 Jocelyn street, in Chevy Chase, D. C. This is a modern. detached residence, built of granite. Rocco Pezelo purchased the prop- erty at 1719 De Sales street, facing the proposed Hotel Walker, and it is planned to convert this into a busi- neas property. The Washington Post Company pur- | = = = = i 5 = §= = = = = = = = = E = = chased the new two-story home at 5312 Reno road. For Mignon Lamasure the business property at 1537 14th street north- west was 1d to Douglas E. Bulloch. A. 1. Miller sold to Morris Park the property at 1119 20th street north- west, which will be held as an Invest- ment. Charles H. Gordon s0ld to J. A. and Hattle J. Wise, lots 18, 19 and 20, in square 1930. Frances A. De Atiey purchased from Le Friedman the property at 603 13th street northwest. Serafem Jianios purchased the property 1535 15th street northwest for a residence. Albert Hall sold the property, 1323 Q street northwest, to S. K. Wagga- man. Philys Aronson purchased the prop- erty at 2294 Champlain street north- t arles H. Stratton purchased lot 35 in square 1751. The company also sold_apartment 505. Rutland Courts, to E. L. Tutt and lnu‘lmen‘u 42 and 44, in the Park- wood, to L. B. Fouts: and sold for George R. Wolfe to Matilde Schwing- apartment 502 the Neher- lands. Thess apartments were sold under the co-operative plan. STILL SEEK LOST FLYERS. SAN DIEGO, Calif., December 30.— Acting on a forlorn hope that the bodies of Col. Francis Marshall and Lieut. Charles L. .Webber, lost since December 7, may be found.either in the desolate fastness of northern Sonora_or along the shores of the Gulf of California, thres Army and Navy planes have ieft San Diego for ‘Ariz, to search for Lieut.| lane, n which the two missing officers left San Diego for Fort Huachuca, Ariz. LET PURSE DIGTATE KIND OF HOME T0 BUY One-Fourth to One-Fifth of Income Proper Amount to Spend, Say Experts. Budget experts say vou are justified in paying from one-fourth to one- fifth of your income in rent. On this basis it is entirely probabls y afford to invest one-fourth, 1 more. of your income in paynfents on & new home. The percentage of your income| which you are justified in putting| into your home depends upon two letion at the southeast cormer of Commecticut avenue and Porter street things. First, the amount of your income; second, th mount which your experience proves you can con- sistently lay aside or save each month after deducting living expenses. Consider the rent you have been paying as & basis. Can you lay aside more than the rent money for home paymengs each month? If so, how much? ; Don’t make the mistake of trying to finance a home too expensive for your pocketbook. You may encounter grief in making payments. Experts on home financing say. you are justified in building & home for which you can complete payment in about , fifteen years. If you have saved one- Ifitth the value of your home you should be able to pay the balauce in about twelve years. For example, a home costing, let us on which $1,000 has been plete in twelve vears. That is to say, { the balance, $4,000, can be met in 144 equal monthly payments. To de- termine the monthly payments neces- i y to reduce the principal durinz - 1732 Eye Street N.W. Near Connecticut Avenue Convenient to the business center and government deprtments and suitable for professional ofiices, very substantial brick, containing 16 rooms and 5 baths; has electricity. Lot is 30 feet front to an alley Price Attractive Thomas J. Fisher & Co., Inc. Exclusive Agents 738 15th Street N.W. SO Start the New Year Right Own Your 1308 to 1318 These homes are dpen and Lighted SAMUEL 904 14th Street N.W. S WOODSIDE Hcipk!ns%rm?tronx Corp. 612 International Bldg. Phone Main 2303 Thos. E. Jarrell 1| Own Home ‘Buchanan St. Price Is Right Easy Terms Four Left without a doubt the best buy in the city of Washington. Six large rooms, with hardwood floors and trim; large tile bath with shower; dou- ble back porch; concrete front porch. Beam ceiling in dining room. buy without seeing these first. Don’t Until 9 P.M. Daily SHAPIRO Owner and Builder Main 5613 “Everything in Real Estate” REAL ESTATE. this period, divide the balance, $4,000, by $144. This makes the monthly payments on the principal nearly $28 a month. Figuring interest at 6 per cent, the a month for {nsurance, taxes and upkeep and you have a total of $62 & month. Thus you can estimate for yourself whether a $5,000 home is too first payment is $20. expensive for you to bulld or whethe: Add about $14' you can afford a large dwelling. WEAVER BROS. REALTORS Announce the Admittance of EARL M. MACKINTOSH to Full membership in the firm as of January 1, 1923 73 Fifteenth Street N.W. Washington, D. C. DON'T WAIT TILL SPRING THIS HOUSE HAS BEEN Reduced for Immediate Sale 3806 Keokuk St. Chevy Chase, D. C. Just Completed—Never Occupied H « Unique Colonial entrance vestibule into a FIrSt Floor side reception hall with two coat closets; French doors to large side porch. Very large living room, open fireplace; dining room, breakfast room, kitchen with two pantries and back porch. « Four bright sunny bedrooms with two Second FIOOI' complete baths, and stairway to large attic on third floor. Basement- 18-inch stone walls, built-in garage, hot-water heating plant, water heater, laundry and serv- Price, 316,500- Good Terms OPEN SUNDAY AFTERNOON CKEEVER-flGOS Exclusive Agents Main 4752 1415 Eye St. Members Washington Real Estate Board New York Office, No. 2 ‘Rector St. Jameson-Built Homes Choice of Two Locations 501 to 513 Tennessee Ave. Northeast 1026 to 1058 Quebec Pl. N.W. At 13th Street—1 Square North of Spring Read 6 rooms, tile bath, hot-water heat, hard- wood floors, 1-piece sink, wash trays, lots of closet space; dou- ble rear porches, wide front porch. Deep vard to alley. Open for Inspection Daily and Sunday FOR SALE BY THOMAS A. JAMESON [ 906 New York Ave. N.W. Owner and Builder Maln 3526. sk the Man Whe Owns One Start the New Year Right Inspect These Houses Tonight or New Year’s Day 1807 to 1847 Monroe St. N. E. 8 Large, Light Rooms Sleeping Porches, Sun Parlors, Attics All Houses Open for Inspection Just North R. I. Ave. Cars Phone Us For Auto to Inspect