Evening Star Newspaper, April 7, 1923, Page 18

18 BUILDING AND LOAN REAL ESTATE. THE EVENING STAR, WASHINGTON, T. O; SATURDXY, APRIL 7, 1923. REAL ESTATE. ETTS PARK|SPRING SEES RUSH NEW STUCCO } ASSETS INCREASE $1,234,678 Gain Reported . During Six Months Ending i« Last December 31. Gain of $1,234,678 total assets of building and loan assoclations in the District of Columbia for the six months ending December 31, 1922, was announced today by C. Clinton James, president of the District Building and Loan Association Coun- cil. Total assets for this period were $35,829,435. The membership totaled 51.006 at the end of the six months' period, he stated, being a gain during that time of 2128 members. There are twenty-two associations doing busi- ness here. Reports {rom the verious associations show a large demand for loans, in many assoclations in excess of their monthly income. These associations, in order to ac- commodate their members, LOrrow from the bapk in order to assist worthy persoi® to obtain loans. Nations Adopt Plas. ! Mr. James pointed out that the building and loan association plan of amortising & loan recetved en- Qorsement when, during the past inonth, representatives of the United States and England agreed on & definite plan whereby the $4.600,- - 600,000 loan to England is to be paid off in sixty-two annual installments at the rate of 3 per cent for the first ten years and 3% per cent for the remainder. “It is clearly the bullding and loan plan carried out on a gigantic scale, he said. “John Bull agrees to take out a pass-book and pay ‘dues and interest’ like all good building and loan borrowers do. The annual pay- ments will average a little over $179,- 000,000 For the first year the in- terest payments are exactly six times s much as the payment on the prin- clpal. The interest charges decrease annually but continue to exceed the payments on the principal up to the forty-fourth installment, when they change positior Loan Total Great. “While the formal details mav be absent the essentials of a building and loan association are all there, only they are on such a far-flung scale as to_almost baffle the under- standing, The sum Involved is un- heard of, even in international fin- ance, while the stockholders are the people of the United States—an im- mense association. “By comparison, however. the posi- tion attalned by the bullding asso- clations of this country looms up large. For several vears the mag- nitude of this loan has agitated the expert financial minds of the two wealthiest nations of the world, and yet the aggregate assets of the as- ®oclations of this country are today equal to fully two-thirds of the amount involved and will in all prob- ability exceed that sum within a few short years. N “Still, Uncle Sam will have the largest individual association.” WILLIAM S. PHILLIPS REPORTS MANY SALES Four-Story Residence at 1116 Ver- mont Avenue N. W. Is Sold for $80,000. Numerous realty transfers were re- orted this_ week by the office of Bliftam s phiiiips, { Wilton J. Lambert sold to a local | rvestor the four-story, semi-detach- ed brick residence at 1116 Vermont avenue northwest. It is understood that the consideration was in the melghborhood of $30,000. Four of the brick houses erected WANTED Ga. & Alaska Aves. N.W. P! E HON! COL. 9254 Dome Oil Co. Takoma Park. D. C. R SALE| | Valuable Corner| Business Property i On Penna. Ave. West of War Department ' Thomas J. Fisher and Company, Inc. 738 15th St. N.W. Main 6830 | ROCKLEDGE 2456 20th St. N.W. i Overlooking the * Million-Dollar Bridge I= Fireproof—Elevator 3 Rooms, Bath and Reception Hall $77.50 | $85.00 1 O'Neil. west between Kennedy and Longfel- low streets were transferred as fol- lows: W. Henry Hunt purchased the semi- detached corner house at 5531 7th street northwest. Frank W. Grifiith purchased one of the inside houses, 5511 7th street northwest. Agatine Torre purchased the second house, 5503 Tth street. W. V. Lockhart purchased. through the office of Morris Cafritz & Co., 5507 Tth street northwest. These houses are constructed of brick. with colonial front porches and double rear porches, und contain six rooms, bath and many features. Edward N. Jacoby purchased from | Mrs. Mary H. Magee the six-room- and-bath brick house located at 208 ||| Ascot place northwest. t Mrs. Teresa M. Gibbons purchased premises 24 Todd place northwest from Mrs. Cora M. Campbell. Mrs. || Gibbons made this purchase for an || investment. The building s arrang- ed for two families, each apartment | contalning five rooms and bath. John Tierney purchased the home | at 513 Lamont street northwest from || Arthur P. Carson. This is a two- || story brick residence, containing six || and bath. J. Sommerville purc story brick residence Dent place northwest from Henr: Hunt This sale was made in con- | junction with the office of Frank A d the || John Mitchell purchased from Mrs. Catherine A. Ebmeyer the two-story |/ frame dwelling at 1243 8th street || northwest. | Buys In Takoma Park. A. D. Kiefer purchased from I. A. Alberti and C. M. Kyle the new house | | recently completed by them at 403 Takoma avenue, Takoma Park, Md. This is a two-story home constructed of stucco. It has eight rooms and bath. | Mre. Nellie M. Cahill purchased trom F. E. Bourn the two-story brick residence at 121% Irving street north- west. This home has eight rooms and bath and modern conveniences. Mrs. Elizabeth H. Berry purchased the sami-detached brick home at 3801 Kansas avenue northwest from |l Frederick E. Brown. George J. Selvey purchased prem- izes at ¥12 Longfellow street Mrs. Margaret J. Awkward pur- chased the brick home at 5519 7th street northwest George C. Wells dwelling at 5513 west. These purchased the 7th street north- houses are constructad of | double rear porches, and contain six | rooms and bath home. {° Immediate Occupancy Morris g%fntz Co. | 913 15th Street N.W. Now in Our New Home—the Phillips Building & HOME IN MASSACHUS he copper-i on this type of buflding. —_—_— Mrs. Mary Robert A. >3 eodiey read, entrance occupy the preperty. mgled roef, said to be Magee sold the six-room- and-bath brick residence at 208 Ascot place northeast, to Edward M. Jacoby. Hall sold to Albert O. Platz the two-story brick residence at 2016 4th street mortheast. a modern home in Eckington con- taining sir large rooms and bath. This is Harry S. True purchased the semi- detached brick home at 609 Taylor street northwest from Ray F. Baugh- man. OF HOMESEEKERS Marked Increase in Sale of Suburb- an Properties Noted by Realty Firm. Suburban honteseckeres are grow- ing In number as warmer weather advances, according to F. M. John- son. His firm reports a marked in- crease in the sale of suburban prop- erties. The eight-room and bath bunga- low, with garage, at 4803 Iowa ave- nue northwest was sold by Gertrude L. Hartman to H. M. P. Whittimore for $11,000. A. W. Radford sold to Mrs. A. Rad- cliffe the dwelling at 3226 19th street northwest, containing eight rooms and two baths, with garage. R. E. Lewls purchased from D. H. Shermun the elght-rcom house at 5734 13th street northwest for $5,500. This property includes a garage. Two apartment houses, each hous- ing three families in six-room apart- ments, and two double garages, at 36 and 38 Q street northwest, were transferred to Phillip A. Laddon by E. P, T: r. Taylor sold to Mr. -room, semi-detached house, with age, at 412 M street rortheast, the consideration being $7,600. \ A dwelling of nine rooms and *‘wo baths, with a garage, at 1726 Q street, was sold by Ruth M. Coleman to Miss McKinney for $13,500. Houston conveyed title ched house at 1311 Far- s northwest, containing 9 rooms and bath. and having a garage. to Mrs. J. V. Lewis for a considera- tion of $16,500 Premises 1227 Jackson place north- east was sold by Mrs. B. Baines to Anthony T. Dubusky for $8,500. This is a detached dweiling of six rooms and bath, with a garage. TEN HOMES ARE INVOLVED IN RECENT REALTY DEALS Ten residence properties were in- volved in realty deals recently com- pleted through the office of Boss & Phelps. A detached home in Saul's. Addi- tion, at 1304 Emerson street, was bought by Anna_ G. Campbell from Grace B. Zahn. The house is of frame construction and contains nine rooms and bath, hot-water heat and electric lights, There is a garage. John M. Tackett sold his former home at 1450 Spring road to F. A. Heimer. This house, recently com- pleted, has six rooms and bath, co- lonial porch, electrio lights and oak floors. A home located at 310 Tennessee avenue northeast, owned by Vernon R, Stewart, was sold to Homer F. Crawford. The house has six rooms and bath and modern Improvements. Wallingsford & Connor sold & house just completed by them at 1425 Tay- lor street northwest to J. M. Lock- nane. The house is of the two-story colonfal type, with elght rooms and modern improvements. A houss at 761 Newton street northwest was purchased by Susan Dilcer from Hendrix Felton. This is a six-room colonfal type house, hav- ing hot-water heat and electric lights and front and rear porches. ; 407 Builderg mpctivon & 14th and H Sts. N.W.—Main 7823 § Expert House Repairers Workmanlike jobs, promptly handled at prices you'll fi 5 favorable. Estimates furnished. @ i OPERATIONS EDGEMOOR brick, with colonial front porches and |} House 8 The development of Washington’s most beautiful suburb, with homes well arranged and architecturally good. Office on Property Phone Bethesda 136 R i Ld Ld Detached Phillips TODAY is the first time we have offered to the public what we conscien- tiously believe to be our biggest value in suburban property. LOCATION is always a prime consideration to the man buying his These houses are on high ground—they are surrounded by other new homes that radiate refinément—the entire section is rapidly develop- ing and will be enhanced greatly by the widening of Piney Branch Road to one of our most beautiful boulevards. Priced to Sell Quickly DESCRIPTION - TO INSPECT Open Daily and Sunday ‘W, S. Phillips Realtor—Exclusive Agent Main 4600. 15th St. at K N.W. ittt e L Eight large rooms—big living room with open fireplace; bright and spacious dining room; splendid kitchen arrangement, with back stairway; large pantry; 4 fine bedrooms; tile bath, and glassed-in, plastered sleeping room, affordin, room efficiency on 2 floors. Attic over entire house. Concrete front porch. 5 bed- Take 9th St. “Takoma Park” Car to 8th and Butternut Streets- I = John E. Wiish bought & property at 1371 Irving street northwest from E. C. Walker. This is a four-story house having thirteen rooms and four baths. It will be rented out by the new owner, 'y A detached dwelling just completed by John W. Mann at 27 Drummond avénue, Drummond, Md., was pur- chased by A. W. Davideon. The house has eix rooms and bath and modern improvements, The lot is about 50 by 150 feet. A modern six-room house at 210 Taylor street northwest in Petworth was was sold to Mrs. E. M. Roberts for Samuel B. Gaffin. This house, built about three years ago by Harry A. Kite, has six rooms, modern im- T | provements and a fireproof garage. J. Etta White of K o J.. 801d her former home at 111§ Spring Toad to David H. McCosh. n six-room brick houss with m improvements. Frank P. Leary purchased a resi- dence at 3915 New Hampshirs Svenue noi west In worth, J. Hoslett. The house, o:n.d o brick construction, contains and bath, hot-water heat lights and porches. . A REAL BARGAIN New Tapestry Brick 6-Room House In the most rapldly growing section of morthwest 932 Longfellow Street Hot-water, electricity, modern bath, hardwood floors, colonial porch, screened sleeping porch, screened breakfast porch; wide, deep lot. Toilet and laundry in basement. Only $1,600 cash—bal ance, inchuding all interest and principal, only $75 month, Open for Inspection Sunday, 1 o’Clock Until 6 p.m. Buy Direct from Owner C. E. FOWLER Phone Col. 2865 or Main 3845 William S. Phillips announces the removal of his offices to the Phillips Building Southeast corner Fifteenth Street at K Street Northwest on Monday, April Ninth You are cordially invited to inspect the new quarters between the hours of Nine A.M. and Nine P.M. on this date. SEMI-DETACHED AND ROW HOUSES Sample House 717 Jefferson St. N.W. Read These Prices Carefully There are several different types of houses in this brand-new operation which stands out as a value not to be equaled at this price anywhere in the city. A thorough inspection will convince you that any one of the 10 houses offered is a complete home well worth the price asked. Corner House, $10,500 - Semi Detached; Without Garage, $8,950 and $9,250 Semi Detached; 1 Car Brick Garage, $9,500 Row Houses; 1 Car Brick Garage, $8,650 Easy Terms on All These Houses are full 20 feet wide—have exceptional fine porch space both front am:l rear. Beautiful Hardwood floors; Hot-water Heat; Electric lights; Built-in bathroom fixtures and Special Kitchen fixtures. Fine deep lots. Paved street. TO INSPECT Take 14th Street Car Marked “Takoma” to 7th and Kennedy, Walk 1 Block South to Jefferson Street—Take 9th Street Cars to Jefferson Street—Walk East to Sample WALTER A. DUNIGAN, Builder house. WM. S. PHILLIPS Realtor—Exclusive Agent NOW IN OUR NEW HOME—THE PHILLIPS BUILDING Main 4600 L R 15th St. at K NW. e TR