Evening Star Newspaper, September 22, 1923, Page 18

REAL ESTATE, . S. Real Estate Boards Plan - Ambitious Program for Winter To Go Thoroughly Into Efiery Phase of Work to Determine Action to Get Best Results. Activities concerned with every phase of handling of real ¢state and of the advancement of real estate as a profession are included in the pro- gram of work of the National Asso- clation of Real Estate-Boards fof the coming fall and winter which has just been approved by the assoclation’s executive committee. Digging out na- tionally the actual facts upon which intelligent actlon in real estate mat- ters must be bullt, development to the fullest of the public services which the real pstate profession is giving, stimulation of the profes- sfonal consciousness of real estate men through their local real estate boards and circulation of the best ideas developed in modern real es- tate practice to reach to every mem- ber of its constituent boards—these make the great lings of the associa- tion’s plan. Activities approved include direct sprvices (o member boards, work for advancement of the yeal estate pro- fession as a whole, undertakings of each of the seven great divisions of the association in their separate fields, cultivation of the public relations in which the association as the ofgan of the profession ie giving na- tlonal service, and assistance to the state organizations throush which real estafe interests are finding ex- pression in matters affecting each state. Werk Is Ontlined. Work in which the association. will act for the real gstate profession as 2 whole includes: ‘Work for a uniform mortgage law and for adoption in other states of the Indlana plan of checking reck- less bond issues and tax levies. Making of a rental survey of res dential property in American cities legislation and taxation, through the assoclation’s farm lands division; study. of sound city building in new subdivisions, to be carried on in four investtgations by the home builders and subdividers division; study of brokers’ ethics, of commission rates apd of long-term leases, to be car- ried on by the assocfation’s brokers division, HOW TO BUY A LOT IMPORTANT BEGINNING Homebuilder Stands Change of Loss by Not Properly Inform- ing Himself. In many cases a family buys a lot and starts building on it within - a few weeks or months. This is vastly diffe ent, as noted above, from buying sev- eral years in advance of building. While there may be enough increase in land values, in the latter case, to give some profit,’ a_speculation is invelved. The outgo for taxes is sure, and there may be #peclal assessments for street and other ~improvements, which must be added as part of the cost of the lot. There is also a continual loss of inter- est on the mopey invested in the lot. Lots are frequently sold to innocent purchasers in a territory that will not be developed for years. It is to be noted that some cities prohibit building where sewers have not been Installed. The question of how much to spend for the lot itself depends largely on whether or not it is “improved.” Where streets, curbing, sidewalks, water, elec- tric, gas and sewerage improvements have not been made, a lot may some- times be obtained for less than 6 per cent of the total cost of the house and lot, and 10 per cent should probably be the upper limit. If all improvements liave heen made, the cost of the lot fre- |PROPERTIES VALUED AT $217,100 ARE SOLD kedgsl & liidlttni Announce Transfers of Homes ul Apartments. The office of Hedges & Middleton, Inc., announced the fellowing ns. fers of fourteen properties, aggregat- ing In value §217,100. A detached brick home, 4805 Blag- den avenue northwest, recently con- structed by Winfield Preston, was purchased by Sol Lansburgh! It eon- tains ten rooms. Willlam and ta A. Enright pur- chased from Mrs. Edith Hall Lewls the property 1866 Monroe street northwest. This house has eight rooms. A large three-story brick residence, 2232 Q street northwest, was pur- chased by Mrs. Anna Hampton Hoffs man from Alfred P. Thom, jr. This house contains ten rooms. A detached home, 35614 Quebec street, Cleveland Park, was sold for Commander Eaton C. Edwards to Francls J..and Katherine T. Kane. Thiy house contains six oo Mrs. Carrie B. Cobb sold rie Searle. It contains six rooms. One of the new homes recently completed by Harry H 324 17th street southeast, W to H. O. Benson. It has six rooms. A house, 1047 Quebec street north- west, was purchased by Samuel E. Gray from John C. Crouch. It has six_rooms. Mrs_Alvah Canham sold a semi NEW BRICK HOMES OPEN FOR INSPECTION 702-704 Longfellow St. N.W. rooms, _tiled hot-water Low Prices—Easy Terms J E. R. ANDERSON, Owner 717 Longfellow §t. N.W. Phone Adams 1914 . bungalow, 2807 26th street northeast, to Henry C. and Dorothy B, Willlams, ‘This property contains six rooms. A new two-story home just com- pleted by Walter A. Dunigan, at 4905 9th street northwest, was purchased by Mrs. Minnle L. Plats. It contains #ix rooms and bath, front and double celved as part consideration the two- Btory brick dwelling at 430 Dortheast, The C stsest buildin even apart- ments of two, T Reau thre four roomy Mrs. Jannette E. Wilson purchased 2318 North Capitol lknL»Wfll am C. Betts was the purchaser of 2820 N‘orth Clnltollltrlat. These are two of a group of nine new homes just completed by C. H, Small. They have lle r:oz\;l ul::l ullding lot on 34th street, be- tween Woodley road and Lowell street, Cleveland Park, was gold for Willlam Porter Company to John H. Harwood. FOUR BRICK HOUSES SOLD. Four of the six<room and bath brick homes, recently built by D. J, Dunlvn in_Petworth, were sold dur- ing the past week. he purchasers were announced as VgllllmHL ] eet; Henr; . Welch, 4321 4th Bhnllp 3. Boarman, 4980 ‘54 street; street, and Harry A. Gritton, 4326 8d stree Rickard, 4326 |b; REALTORS TO GIVE PRACTICAL LESSONS Y. M. C. A, Winter Course Outline |, Announced by John A. Petty. In announcing the complete out- line of the course of Jectures to be glven at the Y. M. C. A. this winter, John A. Petty, of the' - Washi Real Estate Board, who will be instructor of the class, stated that the course would be ‘conducted along very practical 1 It will sembrace the funda- mentals of real ®state practice and include an elemental study of the various departments of a real estate office, as well as other topics closely allled with the real estate business. Each subject will be discussed by prominent local realtors and profes- slonal men The complete outline as arranged is as follow: of the Beal Bstate Busin . Petty”; "Property 3. ¥, M, Bowle; " of lectures “New Feature Homes” (5 Sold Before Completion) - $1.000 Cash “Contracts and Settle H. Lawson; “Real Estate Financing.” by Morton J. Luchs; “Property Rights,” by Charles S. Shreve; “Real Estate Salesmanship,” by H. G. Ken- {mitien” by. Jamag J; Begker; ‘axation,” by B. F. Adam: i Hstate Iny Worthingto mond A. Wheeler; Arthur Carr, and A._Petty, The coyrse will formally open on October 9 with an introductory ad- dress by Charles S. Shreve, president of the Washington Real Estate Board, who will be followed by the speaker assigned for the first sub- ject. Advance registration indicates that the size of this class will exceed all past records. .REAL ESTATE FOR SALE SIGNS OUSTED., Ann Arbor, Mich,, Realtors Follow Other Cities’ Lead. The beauty of Anm Arbor, Mich., .{will no longer be marred in any degree by the suggestion that its lovellest home properties are “For Sale,” according to a decision of the Ann Arbor Real Estate Board in line with the action for signl clities already taken by other units of the National Association of Real Estate Boards particularly in California and Florida. Pasadena, Alhambra and Torrence have recently joined the ranks of California ef where the real es- tate “For Sale” signs have been elim- inated by realtor agyeement. Alham- bra Real Estate Beard men carried their discarded signs in a parade through the city’s business section. Torrence men have converted the “For Sal signs into “To Torrance” signs for the highways leading in to the city, Restriction bt signs by city orai- nance Is practiced In Santa Monica, Calif., where “For Sale” placards must be at least fifteen feet apart and must only be pested where the agent posting has an exclysive list- ing for the property advertised. A Show Place of Chevy Chase, Md. “ON THE CIRCLE” Unquestionably the most attractive and picturesque home in Washing- ton’s most exclusive suburb. Beautifully situated amid an abundance of trees and shrubbery on a lot containing approximately 15,000 square feet. to help solve housing and construc- tion problems. Business re ch to be updertaken also includes study of cost of conducting a real estate business, and general surveys of t resl estate ccnditions nationally this fall and the coming spring. Movement toward national stand- ardization of real estate education, with the calling soon of a mnatlonal conference with heads of schools and universities on development of real estate courses for professional prepa- ration. Advancing value of the assoclation’ membership designation, “Realto! by legal action to maintaln exclusive rights in the word, by making realtor emblems available for members’ use, and by preparing board advertising of the term. Active advance in definition and enforcement of the association’s code of business ethics. quently runs up to 20 per cent, but it should’ rarely exceed 25 per cent. Wosdward & Liathrop Save Coal This Winter Don’t let the warmth in your home escape through the crevices around windows and doors. Let us install Athey Cloth-Lined Metal Weather Strips They shut out cold air so that less heat is re- quired to keep the house warm. They keep in the warm air, cut down coal bills and make the house easy to heat. They are the only cloth- 3 lined weather strips, and the cloth lining makes M. 1023 them the most efficient. A triple protection T strip with cloth insert prevents leakage. T, Balance Monthly Open for inspection. These homes represent the best values on the market today. =They con- tain features that absolutely cannot be found in similar homes. For instance, clear white oak floors, with a walnut border, distinctive electric fixtures, floor plug in every room, full mirror door, large pantry, with shelves on both sides. Breakfast and service porch, sleeping porch, 10x20; one-piece sink. Remember, our house is 20x32 feet, two feet deeper than most box houses. This gives you six large rooms. In addition we have a wide concrete porch. The plan of the second floor is ideal, all outside rooms, front room 19x11 feet, both rear rooms have separate entrances to sleeping porch. They are indeed wonderful homes and we believe you will agree after inspecting that it is the greatest value for the money ever placed on the Washington market. Sample House 4921 9th Street N.W. Open and Lighted Daily Till 9 P.M. To inspect take Georgia Avenue car to Farragut street, walk one block east to house. Walter A. Dunigan Owner and Builder 1410 H Street N.W. West Side Chevy Chase Circle, Md. Between Grafton Street and Magnolia Parkway A home of unusual charm and indivduality, built expressly for the owner under his personal supervision; splendidly built; pre-war construction. First time ever offered for sale. ' Notable _divisional activities in- clude: Study of the whole process of financing as it relates to facllitating and safeguarding investment in real estate. This study, in twenty-two specific fields of investigation, is be- ing carried on through the associa- tion's mortgage and finance division. Study of eritical questions of farm valuations, farm financing and farm Eye St. West of 13th. An excellent brick building, unusually well built and in good conpditien. Suitable for remodeling for business purposes at a reason- able cost. Frontage is about 22 ft.,, 144 ft. deep to a 30-ft. alley. Lot contains 3,156 sq. Wl ft. Large brick garage in rear. $45,000 Thomas J. Fisher & Co. Incorporated =738 15th Street N.W. Main 6830 T 0 It is of the center-hall entrance type, having a beautiful old colonial staircase that is readily recognized in a great many of the Southern Mansions, It contains 15 ROOMS, 3 BATHS, 3 EX- TRA LAVATORIES. Anong the many special features are unusually large front and side porches, with imported Welsh quarry tile flooring; 4 HANDSOME FIREPLACES; wonderful billiard room with fireplace; over 20 closets and storage rooms; chauffeur’s and maid's quarters; rear stairway; refrigerator room including Kelvinator automatic ice plant; selected plate glass doors and windows throughout first floor; French windows; copper screens, weather stripping; flashings and spouting; stone foundation; red tile roof; Ruud instantanesus water heater; Cam- b}\;ia hdct-waltr heating plant; electricity, gas. Many other features tbo numerous to mention in this ad. Two-car garage in keeping with house, having electric lights; hot-water heat; water and sewer. Private concrete driveway. OPEN ALL DAY SUNDAY To inspect during week, phone for appointment BOSS & PHELPS The Home of Homes “Exclusive Agents” 1417 K Street N.W. e An Exclusive Chevy Chase Home | P Value for Ouick Sale Main 4340 Phone Main 5300 and Representative Will Call Woodward & Lothrop Manufacturing Plant Scuth Capitol, Canal and D Sts. S.W. (AT | can be the owner of a home site in--- LYON PARK This wonderful section offers an appeal to EVERY ONE! The entire surroundings and en- vironment are of such character as will be in keeping with the highest ideals of hnmo-makini —UNUSUAL RESOURCES AND WONDERFU, LOCATION HAVE MADE POSSIBLE THE EXTRAORDINARY GROWTH WHICH IT HAS ENJOYED DURING THE PAST FEW YEARS. 18 Minutes From 12th and Penna. Ave., Direct Trolley Car Service—15 Minutes By Auto The new Key Bridge recently opened has placed Lyon Park within 15 minutes of travel by auto from the center of Washington—QUICKER TO REACH than most of the new sections of Washington now in progress—AND YOU HAVE THE ADVANTAGE OFPB ING OUT IN THE OPEN. Massachusetts Avenue Heights Many buyers are of the opinion that this choicest of locations is beyond their reach—.but as a matter of fact, we have here a home that far surpasses the ordinary at a price consistent with less desirable situations. 7 BUILT BY C. H. SMALL Miles From White Houseng CLEVELAND PARK $1.00 Sq. Ft. —for ground situated within the same radius as Lyon Park and without most of the features and resources. LYON PARK 20c Sq. Ft. —a really low price which of- fers an unusual oggortumty —FOR THE_PRICES AND VALUES ARE INCREASING RIGHT- ALONG. as low 320.00 Monthly LOTS *. Liberal Discount for Cash —These are such a few of the already installed con- veniefices—sewers, sidérvalks, gas, electricity, \valtj.r, fire protection, schools, churches, stores, public Lot 50x125 With Garage to Match House : i):ark,l)good Toads, etco-A FEW OF TAE REASONS o i ercdliont al The Lty S SR N 3 OR THE GRO\{VIH OF LYON PARK. : | LYON & FITCH & MIDDLETON, Inc. phhun Sl 3417 Rittenhouse St. N.W. This home is one of the show places of Chevy Chase, located on the Rittenhouse Street thoroughfare from Rock Creek Park. It is of solid, handsome brick construc- tion and contains.8 large rooms, 2 baths, sun parlor and porches, with every conceiv- able modern home comfort—and all in perfect condition. There is a large lot and, of course, a garage. Anybody acquainted with real estate values would say this home is worth several thousand dollars more than it can be bought for. " Open for Inspection Sunday, All Day (Location—Just East of Chevy Chase Circle) '2807 35th Street N.W. Just North of Massachusetts Avenue 1st floor—Entrance hall—colonial stairway, well proportioned living’ room with massive stone open fireplace, Jarge bright dining room, tasteful electric (also side illuminating) fixtures, French doors to breakfast porch; pantry and comgl:!el equip- ped kitchen. 2d floor—4 big bedrooms with closets, 2 beautiful tiled baths. Semi-fin- 1shed attic, hardwood floors, both first and second floors. ropert; ity m’atcitanqlhm-‘ulmymdflu word. ; . 5 Open All Day Sunday HEDGES 3 Office On the Pnpzrty Telephone Clarendeo 481 13 14th