Evening Star Newspaper, June 16, 1923, Page 16

16 REAL LOAN ASSOCIATIONS| INVEST 3 BILLIONS Total Exceeds Amount of Realty Mortgages Held by Insurance Companies. The present amount invested in Lome butlding mortgages by building and .loan assoclations in the United States is approximately $3.000,000,000, millions of dollars more than the total amount which all the life in- curance companies n America have invested In° their entire real estate mortgage holdings, acccording to fig- ures reaching the National Asssocla- tion of Real Estate Boards from offi- clal reports. Rapid increase in the prart building and loan associations are taking in the financing of home | bullding throughout the country is| indicated in the fact that one-third | of the total assets of these associa- tions has been acquired within the past three years. The $3,000,000,000 loan fund represents the savings of a.! total membership of approximately | 6,000,000 tion of a bullding and loan | ) in the Kansas atate banking | recent develop- ! dicative of the growth of the | on of building and loan as- gage loan Investment of life | insurance companies, acccording stati ) $2,556,719,426.09. | ge part has gone g of ofice buildings, tment and industrial uctures and into farm loans. =5 on real estate, still the of the assets of life 1 panies, now Of this fund into the finan r holaings | ntage was | ges made | up over I8 per cent of their assets. FIREPLACE POSITION. Expense Saved by Placing It on Inside Wall. ! The advantages of having fireplaces on inside walls are as follows: No! facing brick is required, thus con- a better location for heater. £ rangs is used one k may often serve to r the house heater and | Mo | $9.500 tish and concrete cellar; | just south of Buchanan street, facing i northwest, | being $8,175. ESTATE. COMPANY COMPLETES BIG REALTY DEAL Large Frontage in Business Sec- tion on K Street Involved | in Transfer. One of the largest deals recently closed was completed by the Morris Cafritz Company, Ine, in the sale of 1414-16-18 K street northwest. It was owned by Mrs, Male Williams. The deal was made in connection with the Randall Hagner Company, and the purchase price is said to be about §30 per foot. The purchaser's name was not made known. Other property sold included three stores, 3714, 3716 and 3718 14th street northwest, having a frontage of| about 80 feet, built by the Howard | M. Etchinson Company, sold to a well-known local investor for ap- proximately $40,000. Two stores, $37 and 829 Upshur street northwest, having a frontage of about 40 feet and renting for in the neighborhood of $175 per month, were so0ld to George D. Walsh for {s Kraft, the consideration belng $15.500. This deal was made in con- nection with the office of Thomas D.| Walsh. Eailda Finelli bought from a local investor a store and apartment at! 4809 Georgla avenue northwest, the | price being $14,500. @Four new houses, 4511, 4513, 4515 5 kansas avenue northwest, J. Partello, were to Alice V. Heth- erington, Nellle Gormley, Lottie W. Baker and William L. Grimes, the consideration in each case belng These housos are four of a row of brick homes containing six rooms and bath, with harfdwood fin- have deep | and each ! to match. . yard to wide alle house ‘has a brick garag They are located on Arkansas avenue | 14th, 1 Two up-to-date six room and bath houses. 457 and 458 Harvard street were purchased. respec- | tively, by Edna L. Norris for $5,600 | and George W. Beasley for $5.500; | the house purchased by Mr. Norrls has electricity and the one purchased by Mr. Beasley has gas light. | The home at 1537 Upshur street, | which is one of a number buiit in| the nelghborhood by the Joseph E.| Shapiro Company, was sold for the | builder by Morris Cafritz Company. | Inc, to M. Davidson. The price is sald to have been $13,750. These houses contain six rooms and & sleeping porch, The premis#s 313 Seaton street northeast sold by A. D. Tankers- ley to Arthur €. Boyd, the price This sale was made In connection with the B. F. Saul Com- pany. 1338 Parkwood place northeast, a six-room home, was sold to William N. Barrett for Middaugh & Shannon r the sum of ,650. A REAL OPPORTUNITY Open Saturday and Sunday, 2 to 7 P.M. 1224 DECATUR ST. NW. SAUL’S ADDITION This is a home that will ple construction and price. modern features. Garage. ase you because of its location, 8 rooms and 2 baths, 4 porches; all N. L. SANSBURY CO., INC. “Everything in Real Estate” 1418 Eye St. N.W. Phone Main 5904 Members Washington Real Estate Board R S S S S S R NOTHING LIKE THESE FOR SALE IN THE DISTRICT Excellent Construction Attractive Finish Ideal Location On Lincoln Highway And Car Line Very Deep Lot $338838838282888883888883850888888888888883888883882888388838883 23323329482382 1 490681012 W REALESTATE FIRMS | MUST GET LICENSE Passage of a state license law for Florida after the measure had twice been defeated In the present legisla- ture is the dramatic development of the week In the fight of the Natfonal Assoclation of Real Estate Boards for protection of the public in real estate transactions. The bill, lost in the senate by two votes, was called for reconsideration and again lost by a tle vote; was amended, brought in out of order and passed without a dissenting vote In the senate and With only three opposing votes in the house. The bill as amendéd makes no pro- vision for state commissioners to en- force the law, but the Florida Real- tors' Assoclation, which has worked as a declded step toward protection against unscrupulous operators s e Stunning! From the New York Run. Wife-—Isn't that girl's bathing sult shocking? Hubby-—Yes, it electrified me. ANOTHER (REALTORS CLASSIFY MUSCLE SHOALS LAND System of officlal inspection and certification of Muscle Shoals prop- erties for the benefit of prospective buyers all over the United States and for use of state tax commissions, has been reported to the National Asso- ciation of Real Estate Boards by the | Muscle Shoals Real Estate Board of | Sheffeld, Ala. The system of interest | wherever the lands are being sold, | has been adopted to protect the good [name of Muscle Shoals and its real estate in the development of the more than sixty subdivisions of varying values now being marketed within the district. A commission of inspec- | tion has been created within the lo- | cal real estate board to give the prop- {hard for the law, regards the measure |€rties careful examination, and if title and elevation are found good. a cer- tificate of Inspection is issued which states the facts found with relation to the character of the land examined. In order to obtain the commission’s certificate of inspection the subdl- vizion owner must file with his appli- cation a legal description of the land, the number of acres, legal opinion of the title, deeds and mortgages, with ROW OF NEW FEATURE HOMES future. The price will surprise don’t make a deposit on any house until you see our feature homes. To inspect, take Georgia Ave. car to Ingraham St., walk i two blocks east to 8th St. i 1 WALTER A. DUNIGAN i OR YOUR OWN BROKER Maryland Bldg., 1410 H.St. An opportunity seldom presented to home buyers. We have incorporated new ideas and features in these homes that are not only practical and attractive but things that will save you considerable expense in the | Reasonable Terms Giving you a real home with a garage for at least $500 less than its nearest competitor. you. In justice to yourseli M. 1023 ATTENTION! INSPECT TODAY 917-19 Sheridan St. N.W. These homes are offered to prove that it is still possible to buy a well built home for $750 Cash, $75 Month They are detached, 24 feet wide, have seven rooms and bath; hot-water heat; electric lights, hardwood floors. Close to schools, cars, churches and stores. OPEN SATURDAY AND SUNDAY, 2—7 N. L. SANSBURY CO., Inc. 1418 Eye St. N.W. Phone Main 5904 “Everything in Real Estate” Especially at This Low Price and Easy Terms E ISCONSIN Semi-Detached—Brick Homes $9,875—$1,000 Cas Easy Monthly Payments AVE. N. OPEN SUNDAY 2TO7P.M. HEDGES & MIDDLETON, INC. EXCLUSIVE AGENTS - 1334 H St. N.W. $388008088818ESESESSIIEIIIIIIIIILLLELLLLLS $3338383833338838838838838828888 i Six Large Rooms Oak Floors Throughout Real Open Fireplace 3 Porches Electric Lights Hot-Water Heat e e e e e e e e eesessessss Sentseesssessenssstsssessessssessessssss Main 1028 2232232222822 228232322083 82¢2282220222822222222020222202H] ] MEET ON LINKS. Realty Directors Avoid Summe: ck. -It hag come to the attention of the National Association of Real Estate Boards that a new plan of committee organization s being employed by several of its member boards to ob- viate the possibility of any summer slack in board activities. Under what is coming to be d the Nibiick plan, committee mem! ship is limited in all cases to four, and meetings are scheduled exclu- sively for the golf links. tary functions as caddy. — e The secre- release clause record, copies of all plats and maps to be used in selling and coples of all advertisements and sales statements to be used. A com- mittee of three realtors then studies this data, goes over the property In pergon and makes a report giving a otatement of the facts found. Only siubdivisions consldered of good title and of good elevation will be given & clear certificate of inspection. This certificate confines itself to stating facts and makes no guarantee. The board does not undertake to give an iopinion as to money values of the property paseed upon. s g e Michigan Park 12th and Michigan Ave. N.E. A neighborhood of enhancing value, zoned and restricted. Individ- ual or group building lots and properly con- structed houses and bungalows. Take “Brookland” car to end of route. Your broker or Middaugh & Shannon, Inc. Woodward Bldg., 15th & H Building Materials —from our immense wrecking operations—from Army Camps, wrecking jobs throughout the 1of Real Estate Boards, particularly in KANSAS CITY ADOPTS NEW ZONING ORDNANCE Real Estate Men of Community ‘Worked in Conjunction With Authorities. Adding of Kansas City this week to the roll of municipalities providing for regulation of their city develop- ment through a comprehensive zoning ordinance Is of general interest to members of the National Association those citles which are now working on the zoning problem. The ordi- nance provides regulations as to use, | height and area. The Kansas City Real Estate Board, through its city-planning committee, worked In very close co-operation | with the city plan commission, half | of whose members, also, are realtors, | in the drafting of the ordinance, and | backed the passage of the measure. 2 = = = RHODES CONSTRUCTIONCO . e %uflbfl's’ “;;"‘;l":lnne hidin 14th and H Sts. N.W.-Main 7823 The Rhodes Way of Building —and Repairing Houses, Stores, etc., saves you money. to prepure estimates. SRR AR RN RRERR Garages, Glad E : % THE EVENING STAR, WASHINGTON, D. C, SATURDAY, JUNE 16, 1923. REAE ESTATE. A Own Your Home and Live Jn WEST CHEVY CHASE HEIGHTS. West Chevy Chase Heights CHOICE LOTS in this select development on the Rockville Street Car Line, adjoining Edgemoor and Chevy Chase, AT ATTRACTIVE PRICES. Also beautiful Homes Selling at Builders’ Cost You owe it to yourself to inspect these homes before buying See them tomorrow—the location is on the main Rockville Road, two blocks above the Bank of Bethesda. elsewhere. 157 Representative on fproperty at all times THOMAS HAMPTON 710 Fourteenth St. N.W. OO e Telephone Franklin 5394 i O Iy In the City-—Are the Homes in Our New Petworth Sub-Division Full “20-Foot” Houses Selling Rapidly EXHIBIT HOUSE 4205 4th St. N. W. (Near Upshur) Six Rooms--- Tiled Bath Hot-Water Heat city and surplus sales through- out the country— Permit us to offer you new and salvaged materials at a wonderful saving. Brick Furances Wollers Sash Doors Lavatorfes Bathtubs Electric Fixtures Note These Prices Ontfity Sinks Reolaimed, iengths Reclaimed, regular Iengthy Brand-new Firepruf Ro iy Certatnteed “Four-in- shinglew— new, per R = ss e 1. 59¢; plek, 60ci rake ination, all three.. overnment lanterns. .. henter, brand-new, “Atlan,” 25-ft. double copper coll .......... 1175 Kitchen Botler, new, 30- gal., galvanized ...... 830 SIDNEY L. HECHINGER HOUSEWRECKING CO. Camp Meigs, Main Office 5th and Florida * 6th and C Sts. ave. northeast southwest lesmen at either office will fill 1t bill of material without loss f time. Open and Lighted Daily and Sunday Until 9 P.M. Take “Gront Circle Bus” or 9th St. Car marked “Soldiers Home” D. J. DUNIGAN 1321 New York Ave. N.W. Phone Main 1267 IT’S WONDERFUL | HOW LYON PARK HAS GROWN Few communities in normal, conservative times have experienced the dlmost spectacular growth of Lyon Park. It has not seemed so rapid to those of us who have been working there every day these last two years. But purchasers of land in Lyon Park who come out occasionally to see their property are struck by what has happened in the interval between their visits. A new section has been opened up. peared on the landscape. Imagine, then, the amazement of those who have not visited the prop- erty for a year or two. They are the ones whom we hear exclaim so often: “It's Wonderful How Lyon Park Has Grown!” Come out to Lyon Park tomorrow and see what we are doing, and have done. We still assist in financing homes, a service which has contributed much " in the upbuilding of Lyon Park. And for the benefit of those who do not intend to build at once, we have a schedule of easy terms which will permit one with only a modest income to buy and pay by the month. FREE IMPROVEMENTS The guaranteed improvements—gas, electricity, sewers, streets—are in- stalled without additional expense to the purchaser. Come Out Tomorrow Come in the forenoon if you can, when we’re not so busy. A visit will make you understand the amazing growth of this community. NO MYSTERY ABOUT IT There's nothing occult or mysterious about the growth of Lyon Park. Just a case of picking out an admirable location on a dandy trolley line, and only a few minutes from town. Those were the first requisites. Then it was a case of putting in the modern improvements that people have to have nowa- days. Not just promising them. But PUTTING THEM IN. Improvements in Lyon Park are running up into six figures. But THEY'RE IN. That’s much better than prom- ises. A suburb built up in this manner, with wise restrictions and public-spirited purchasers, cannot very well avoid succeed- New homes have suddenly ap- ing. Come out and see us tomorrow. Or any week day. % HOW TO REACH LYON PARK 1. Take Falls Church line trolley at Mount Vernon Railway Station, 12th and Pennsylvania Avenue. Get off at Lyon Park Station. Commutation fare, 10¥c. 2. Drive over Highway Bridge and_Military Road, over concrete road south of Arlington Cemetery to Hatfield and thence parallel trolley to Lyon Park. 3. Phone Main 1145 for salesman to drive you to property. RUBY LEE MINAR Sales Manager 1440 New York Ave. Telephone M. 1145 412 Evans Bldg. N\ /Q/,// . 07