Evening Star Newspaper, May 19, 1923, Page 13

REAL ESTATE.' " 200000 BUILDING PLANNED IN CITY Numerous Other Constructive « Operations in List of D. C. Permits Issued. A permit to erect a $200,000 build- 4ng was obtained from the building Inspector’s office of the District gov- ernment last week. The bullding will be put up at 13% and C streets and will be used as an office building. Other permits issued include the following: Joseph P. Tanney, to build, 5804 Conduit road; cost, $5,000. ‘W. L. Hughes, to build on Bladens- burg road at District line; cost, $4,000. Charles H. Leder, to erect garage, 3319-3322 Dent place; cost, $2,000. Burton E. Gardner, to build, 1325 Holly street; cost, $8,500. F. F. Royal, to build, 1737 street southeast; cost, $2,000. Boss & Phelps, to build, 3521-3525 35th street; cost, $25.000. +$14,000 Proposition. W. P.Irwin, to build, 4204-4208 Dix street and 4501-4507 Eads street northeast: cost, $14,000. W. P. Irwin, to build, 4721-4723 Eads street northeast; cost, $5.000. United States Storage Company, to Tepair 4 6 10th street northwes cost, $2,000. + McLeod Harvey, to build 1602 Kenil- worth avenue; cost, $3,300. H. L. Thornton, to build 6700 and 6714 2d street: cost, $4,000. R. W. Henderson. to repair 1630 17th street; cost, $1.500. S. H. Blumenthal, to build 1814 Tth street; ¢ , $10.000. Gordon L. Jessup, to build 5727 Po- tomac avenue; cost. $3,500. H. R. Howenstein, to build 1426- 1430 A street southeast; cost, $18,000. J. M. Livingston, to bulld 2316 roe street northeast; cost, $6,000. Row of Homes Planned. H. R. Howenstein, to build 1606 A street northeas Rufus O. Hardy, to build 5 gle road; cost, $10,050. Joseph' L. Giles, to build 3763 Har- mson street; cost. Taylor & Hedges, to build 3406 Gar- field street; cost, $12.500. Charles L. Bullock, to build 4526 Dean avenue northeast: cost $2,000. C. Lewis. to build 2723 36th place; cost, $14,500 Mortgage-Finance Corporation, build, 3517 Morrison street; $7.000. P. B. Samuels street: $5,500. C to Hampshire avenue; Joseph A. Herb 1024 4th street; c ‘Wardman (o build, $45,000. L. E. Breuninger 1607 Varnum street S. Shapiro, to bui 9 $30,000. W. to build, 616 New York . $4.000. Capital Traction Company, to re- pair, 43 and O streets southwest; cost, §3.000. W. R. King, to build, 802 Eastern avenue; cost, $5.500. Cost Placed at $24,000, Merchants' Realt avestment to _build, 09-11 ,000. to erect garage, cost, $1,300. . to bu 8 D street 00, 28th 1600- to 1307 . $2.000. New rt, 102 3228-3232 Klingle road; cost, & Sons, to build, cost, $14.000. , 900-910 Emerson 4305-0 Sandler. 47 stréct north R. W. e cost, | to build, 3611 Quesada | to | K [154 c STUMP-PULLING TRACTOR TO BE DEMONSTRATED A stump-pulling tractor will put on an exhibition of pulling up trees by the roots at Oak Crest, Arlington county, tomor- row afternoon from 1 to 4 o'clock. The demonstration is to be given in order to give the public an opportunity to see how modern machinery can pull up full-grown oak trees by the roots almost as fast as tackle is placed about them. The scene of the exhibition can be reached by taking the Alexandria bus at 131 street and Pennsylvania avenue or via automobile to the south end of the Highway bridge and fol- lowing the upper road to Alex- andria. Oak Crest is being developed by the Garfield Manor Corpora- tion, which took title to the property direct from the heirs of President Garfleld, who for- merly owned the tract. SELL NEW HOMES ON 29TH STREET W. C. and A. N. Miller Announce Transaction Involving Six Buildings. Completion of the sale of a new row of elght-room houses on the 2800 block of 29th street was announced today by the firm of W. C. and A. N. Miller, 1119 17th street. Eight homes were bullt, three of which were semi- detached. All except two were sold by the sales personnecl of that firm. The purchases were as follows: R. E. Arthur L. Loew, street. Anna L. Hur® 29th s Mrs. ra J. 2825 20th rtreet; J. M. Bar- 2827 29th street; Charles B. Stone, 2829 29th street; James T. Begg, 2831 29th street. and 2833 29th street to Marion X. Wilberding. The same firm is just completing six residences near the new Eastern High School, to be numbered from 1835 to 1845 A street southeast. They kave seven rooms, oak floors through- out, electric lights;, with colonial front porches. The sefling price will be $6.950. with $1,000 cash and $65 per month. MAY LUMBER RECORD FAILS TO KEEP PACE Behind Figures Recorded Earlier This Year. Although May is ordinarily the peak month of the vear in the lumber indus- try, so far this r it has not been able to keep up with the records estab- lished earlier in the ¥ a statement issued tod: tional Lumber Manufa tion. The previous month 2821 29th Drops turers’ Associa- however, were from the va- al lumber manufacturing as- 1 socta for the week ending May 12 ation from those of the eding week as regards volume of . As compared with the same week of 1922 the production and shi larger, - but_new ed 2 notable falling off. Th [1ate “tin_of the car service divi n of the American Railway Assoc tion for the week ended May | total loadings of forest products at 72,- 5 against 80,140 cars for the April 21, which is ‘he movement of forest prod- 5y weok ended largest ucts on record. Opposite Chevy Chase Club A Perfect Setting For This Cameo of Connecticut Avenue at Oxford St. Open Sunday, 11 A.M. Till 6 P.M. ‘THE -EVENING- ‘STAR, - WASHINGTON, -D. -C., - SATURDAY, This Building Brought $300,000 in Recent Sale i The home of the purchased by H. M. Leary, jr., in 132 feet by 110, with electric elev The snle wax made thro D. C. Ti — hool, on the wsouth wid and garage r~, and equi Washington of Future Portrayed In Dinner Speech by Jesse Hedges SELLS FOR $100,000 A word portrali of Washington of the future was created by Jesse Hedges of the Hedges & Middleton firm in an address at the annual dl- rectors’ dinner of the Northeast Sav- ings Bank. Here {s the way Washington may | look not many years from the pres- | ent as seen by this realty man: . North of H street between 14th street and Connectlcut avenue will be a large department store. Be- tween this department store Connec- ticut avenue all the way to Chevy Chase will be dotted with stores and residences. Large business houses will be erected in the same section as the just mentioned department store. Washington, in ten years with a population of 700,000, will supply the ' support for such institutions. Mr. Hedges' Address Quoted. n his address Mr. Hedges sald: ities almost without exception grow north and west, and the trend in Washington is without question that way. It requires no stretch of the imaginatiton to see In a few vears a large department store north of H street between 14th street and Connecticut avenue. This avenue is a_thoroughfare leading to the north | and easy of egress, and within a few years that street will no dount be dotted with stores and residences all the way to Chevy Chase. “Rock Creek Park, so to speak, drives a wedge Into Washington, preventing the continuation of several streets. The city’s business section may be likened to the palm of the hand, with George- town the thumb. Massachusetts ave- nue as the forefinger and Connecticut | avenue as another finger, 16th street as Homes of another and £o on. How far north the business rection of Washington will cx- | tend in the future as represented by the palm of the hand is difficuit for one to know. Notes Growing Population. “The population In incrousing and we have remsons to belleve that within ten years tho city will contain over 700,- 000 people. That means large busi- nees interests north of H strect be- | tween 14th strect and Connecticut ave- nue and o sustained demand for new homes and apartments ‘There now 1s in Washington and al- ways will be ample money that may be borrowed easily on real estate of In- trinsic value. One dlstinct feature of Washington is that first trust notes bought from reputable real estate men | and bankers are without exception gocd, for in case of defauit of payment or of interest one is able to-collect the same ut cost or loss. In many citles it ssary to file a sult and undergo expenses in collecting real estate loans, but here all that is necessary is to no- tity trustees and the money is col- lected without cost or loss to the in- “In short, there is mno city in Union where real estate loans are safer and real estate investments more at- tractive than in Washington, and I sin- cerely believe that there is no place where the standards of business among realtors has been brought to a higher plane than here. ‘WILL ADDRESS ROTARIANS. OTTAWA, May 19, Arthur_ Melgh- en, former prime minister, ac- cepted an invitation to speak the international meeting of Rotary clubs the i of U wtreet r antomobilex ha etween 16th and 17th streets, automobile machinersy. futur 'COLONIAL ESTATE Property in Virginia Disposed of by Realty Dealers for Wash- .ington Owner._ | Liangollen farm, near Upperville, | Loudoun county, Va., one of the large colonfal estates of the Old Dominion state, has been sold by the Buell Farm Agency of Herndon, Va., for the own- er, David A. Baer of Washington, to Thompson S. Crockett of Columbus, Ohto, and Joseph M. and Charles C. Crockett of Herndon, Va. the trans- action aggregating approximatély $100,000. The farm is situated two miles north of Upperville, and is directly opposite Ayrshire, the estate of Gen. Buchanon, former governor gen- eral of Porto Rico. The boundary contains 1,063 acres, all in grass or cultivation except approximately 160 acres of timberiand. The mansion house is situated at the base of the Blue Ridge, sald to have been built about 1800, containing twelve rooms, three tiled baths and large halls. The new owners will take possession an early date and will operate the as an up-to-date stock farm alizing in beef cattle. ent sales in Virginia re- the Luell agency are as One hundred and five acres, nesville, belonging to Mrs. Isadora Smith, and 60 acres adjoining, belonging to Joseph E. Moffet, both tracts being near the new George- town-Great . Falls-Drainsville high- way. to Paul B. Elcan of Washington, follows near D to be held in St. Louis the end of next month D. U farm of 125 acres, near Florls, nown as the Whitman or Brunk MAY - 19, 1923.° ASK STATE CURB ON LOAN SOCIETIES Maryland Bankers Insist As- sociations Be Confined to Proper Functions. BALTIMORE, Md., May 19.—The Maryland Bankers' Assoclation at its convention at Atlantic City yes- terday unanimously approved 1,000! building and loan associations of the ! state under control of the state bank commission. The draft of the bullding associa- tion bill is ready for the legislature. It is designed to drive “wildcat” as- soclations out of business without in- terfering with legitimate organiza- tions. It will affect about 900 as- soclations in Baltimore. There are about 1,000 homestead and building associations in the state of which 900 are in Baltimore. These | assoclations have in the aggregate about $84,000,000 in their custody and deposits have been growing at the rate of about 4 per cent per year. Need of Supervision. Bankers In touch with the situa- tion say that the associations in the main are carefully and conserva- tively run, but they feel that this large sum of the public’s money should not be held by institutions that are without supervision of any character, the law having been chang- ed 0 that their last report was made to the state tax commission as of January 1, 1922. It was with this end in view that the committee began its labors, and it has discussed the situation with real estate men, building association men and lawyers. The opinifon of these is said to be that the proposed change would work for the public good. Maryland belongs to the minority of states that do not have bullding assoclations _under some form of state'control. There are for- ty-two states which have some form of regulation in force. Starts Restrictions. The proposed bill that will be pre- sented to the state bank section and then to the full convention of the Bankers' Assoclation for approval is understood to throw restr around the formation of new associa- tions, to provide for reports and to prevént assoclations from doing things that, in the judgment of bank- ers, are best left to banks, 1f ap- proved by the association, it will be presented to the next legislature. The bankers take pains to point out that_while building assoclations are carefully managed and are one of the great forces for enabling the man of small means to acquire his| own home and to accumulate some- thing of this world's goods, they have grown so large that state regulation seems to them necessary. They feel that while land and the improvements: on it are as good as any other cla of collateral, they are necessarily | Wwhat is called in banking parlance a | slow asset, and that the function of | the building association, which is to lend money on mortgages, should not be confused with the function of the bank. which, with its assets in liquid condition, is of an entirely different character. | Character, e farm, to Irvin L Harrison; farm of 135 acres, near Dranesville, known as the Hammond or_Krebs farm. to Capt. Theodore F. Rudisill of Washington, D. C.; farm_of nine acres, near the town of Herndon, belonging to W. H. Dowling of Washington, D. C. to W. A. Diehl, formerly of Rock- ingham county. Va.; lot in the town of Herndon, belonging to John R Clemons of Leesburg, to Miss Sadie C. Detwiler of Herndon Distinctive ( hracter REATL VEST‘AT‘E.‘ 21 NEW HOUSES READY FOR PUBLIC INSPECTION Cafritz Co. Announces Completion of Five-Room Homes at 2d and Bryant Streets Northeast. Morris Cafritz Company, Inc, an- nounced yesterday that twenty-one | new homes have just been completed | and are now open for inspection at 2d and Bryant streets northeast. Mr. Cafritz stated that these homes are | built some with colonial style front porches and others of the English open-porch type. ! These homes contain five rooms and two back porches, one of which can be used as a sleeping porch. According to Mr. Cafritz, these houses have ample spice for garage in the back yard. Some of the lots are as much as 130 feet deep. He also said that in order to help take care of a continued ‘demand for medium-priced homes his other oper- ation at Sherman Circle is being pushed as rapidly as possible. Re- garding the price of the homes at 2d and Bryant streets, Mr. Cafritz_said that they would be well under $7.000, probably around $6,500, and would be most of He sald that the prices of the Sher- man Circle houses will be a little higher, probably around $9,000, REALTY FIRM SELLS PROPERTY AT $35,475| Lots in Battery Park in List of Transfers for Past i Week. | Maddux, Marshall & Co, Inc., rve-| ported real estate transfers during the past week reaching a total value of § 5. Among the transfers were the fol- lowing: J. W. Hodges bought from Mrs. A. McGarvey her two-story brick residence of seven rooms at 639 Maryland avenue northeast: Capt. P. H. Mallory bought from Maddux, Mar- shall & Co. a large lot in Battery Park, on which he will start erection of a Dutch colonial-type dwelling; Leslie G. Bruce sold to O'Neil G. Du- gan a two-story, seven-room resi- dence at 1652 29th stree Allen L. Thompson bought a lot in Battery Park to construct thereon an eight- room bungalow, and Mrs. Claude Zappone sold to Arthur F. Gordon lot 10 of block 72, Takoma Park, Md. e REAL ESTATE MEN TOMEET THURSDAY Board to Hold May Confer- i ence at Wardman Park Hotel. The May meeting of the Washing- ton Real Estate Board will be held at Wardman Park Hotel Thursday next, at 8 o'clock. Announcement as made by President Charles S, eve that ,in addition to usual routine matters, complete arrange- ments for the convention of the Na- tional Association of Real Estate Boards, to be held in Cleveland next month, will be announced by the com~ mittee in charge, Sales Signs to Be Topic. It is expected that a discus n of rales gns In relation to exclusive agency will be entered into by a large number of active members who have expressed interest in the matter. Ac- cording tu local realtors, sentiment in favor of restricting the use of sale signs on properties unless the broker has been appointed sole or exclusive agent is growing in Washington. If th materializes into definite action on the part of the board, it is be- lieved that the practice of placing several signs on one piece of prop- erty will be considerably lessened— if not abolished. Program of Entertainment. Under direction of H. G. Kennedy, chairman, the entertainment commit- tee has arranged an interesting pro- gram for a social session after the business meeting. A prominent aker ig expected to address the Music and an informal din- ner will close the meetin SEVERAL BUILDINGS SOLD Block on Pennsylvania Avenue Changes Hands. Sale of buildings 2119 to 2127 Penn- sylvania avenue was reported by the office of J. Edward Fowler during the past_week. The buildings were sold for Mrs, Helen J. Simpson to Fred- erick Schuler. The consideration amounted to $70,000. Massachusetts Park Washington’s most beautiful residential section of detach- ed homes. Containing seven mil lion feet of forest-covered land, with six miles of improved streets. Includes what remains of [ 2 . The Triangle of Increasing Values” between Connecticut, Massachusetts and Cathedral avenues (Woodley Rd.). ninety homes from $15,000 to struction. Wooded villa sites, brick homes, with lots from 50 32d and Cathedral Ave. (Wood Middaugh & Over four million feet of land sold. Over $200,000 built and under con- lots and central and side hall to 115 feet front—Park Office, ley Rd.). Shannon, Inc. Woodward Building, 15th and H Sts. Established 1599 Facing the Cathedral A Location Impossible to Duplicate = With consummate skill and care in both design and construction the builder of the typical early English cottage has wrought a master- Pplece of architectural beauty and charm., Every detail from the roof % ‘remarkably accurate reproduction—to the rough beamed ceiling Jiving room and old English tile floor of the dining room breaths in- dividuality. This home Is a distinct relief to one who wishes his residence to be different from the trite styles of today. Besides u well arranged living room with open fireplace, dining room. kitchen and butler's pantry there are five bedrooms, 2 baths and a delightful porch. There is also a double garage quite in keeping with the house. A large corner lot opposite the club, the most picturesque spot in old Chevy Chase, makes a fitting_setting for the house. It is a pleasure to offer such a combination for sale, particularly at the price which It should be bought at once. y Road and 34th Street Open Sunday, 11 A.M. to 6 P.M. .. Too much emphasis cannot be put upon the exceptional loca- tion of this delightful home. Surrounded by fine residences on every side, and facing the beautiful grounds of St. Albans Ca- thedral, a_permanent and intcrnationally known edifice, this offers the thinking man a chance to buy in a location which cannot be duplicated. In addition to this double insurance of increasing value you can purchase a charming central hall plan home with 8 rooms and 2 baths and every conceivable improvement at a very reason- able price. Truly this is some one’s opportunity. To Inspect: Drive out Connecticut Ave. to Cathedral Ave., thence west to 34th Street. Sample House 6814 8th St. NN\W ‘ OPEN DAILY AND SUNDAY TILL 9 P.M. The location of these homes—adjacent to the proposed Piney Branch Road Boule- vard—is the biggest guarantee of their continued and enhancing value. The purchaser of today is paying a small price for the ground, which will conservatively double in value in a very short while, as this section continues its rapid development. If you have not inspected these beautiful houses, you have a pleasant surprise awaiting you—and you owe it to yourself to see them today. g i the owner has given us. To inspect: Take Connecticut Ave. car (Chevy Chase) to Ox- ford St. A Beautiful Corner—Priced Right % 8-Room Houses This is one of the brightest and most cheer- ful homes it has been our good fortune to bulld in years. The reception hall and living room, with real wood-burning fireplace and bulit-in bookcases, make a most pleasing combination, The dining room is large and bright, and the kitchen is the best we have ever offered. It in- cludes a very large outside pantry, best one- plece enamel sink, back stairway and every- thing to please a housewife. The second floor contains four splendidly proportioned bedrooms and a glassed and plastered sleeping porch. Attic over entire house. i . Two-Family Arrangement This house offers a splendid arrangement for two families, There are five rooms, in- cluding a living room with open fireplace, dining room, kitchen, two bedrooms and bath on the first floor. Three rooms and bath and kitchenBtte space on second floor. With Wal- ter Reed Hospital so near, the opportunity of obtaining a generous part of the monthly pay- ment from the second-floor is excellent. To Inspect— Take 9th St. car marked “Takoma” to 8th and Butternut streets, or drive out 16th St. to Colorado Ave., turn to Georgla Ave. to Butternut street. . WM. S. PHILLIPS Realtor—Builder The Phillips Building K SAMPLE HOUSE—716 JEFFERSON ST. N. W. Open Daily and Sunday Till 9 P.M. You still can obtain what is undoubtedly the best value in fhis entire section. A full 20-foot semi-detached house at a price aA(ed for many row houses in this location. Light tapestry brick, finest white oak floors, hot-water heating plant with special Corot radia- tion. Handsome electric fixtures, deep lots, large porches. Per- haps the best feature 1s the upstairs arrangement, which affords a large tile bath with built-in fixtures and 3 full bedrooms. No small unusable room. To Inspect. Take 14th street car marked “Takoma” to 8th and Kennedy sts, walk south to Jefferson st., or 9th st. car to Jefferson st., wakk east to sample house. T 2026 Klingle Road N.W. Open Sunday Till 9 P.M. This magnificent corner home in the heart of old Mt. Pleasant. over- looking Rock Creek Park, is priced lower than many houses offering much less in both location and comfort. The unusual size of the llving room and dining room will appeal to you—the kitchen, with a bullt-in one-plece sink, sanitos covered walls and a large pantry, is & delight, There are four large bedrooms and two baths with finest bullt-in fixtures, in_addition to spacious glassed and plastered sleeping porch, Double oak floors throughout. A full attic insures cool sleeping rooms. A bullt-In garage and Instantanequs water heater combine with other features to make this a thoroughly equipped modern home. Exceptionally easy terms at a very fair price. To Inspect: Take Mount Pleasant car to Park road and walk west to house, or transfer to bus to 19th and Park road and walk west. e Main 4600 15th St. atK MEMBER OF THE WASHINGTON REAL ESTATE BOARD BN THHHATEE T