Evening Star Newspaper, November 1, 1924, Page 18

REAL SI00mOSTORE AMING PERITS Hecht Building Swells Week’s | Operations to $1,434,- | 200 in District. ‘ ESTATE.' |Roaches Justified Breaking of Lease, Is Baltimore Ruling November 1.— ches constitute a legal cause for breaking a lease, according to a verdict of a jury in the Su- perior Court when it returned a verdict in favor of W. Curtis Stith, who was being sued by Les- lie II. Buckler for $200 rent on an apartment in a fashionable local artment house. th, who sublet the quarters Buckler, refused to pay on grounds that the place was ted with bugs. Instead he moved and let the roaches have ion of the apartment, it was BALTIMORE, Roach t With Hecht's recelvine permiss| m‘ to erect a $1.000,000 bhilding, the | Week’'s construction activities as re-| Ported by the office of the building inspector r highest nt in some time with a t | sublessee, Mrs, Stith, his A great deal of dwel s 1 e | wife, and several of their guests testified that when the Stiths held bridze parties the bugs used to has also be A al80 boer com.c out about the players. ‘The permits gran lows: Linkin Minkoff Co. to build apart- ment 4403 Fourteenth street Hensley & Hick: to build 1210 Kearney street northeast. $6,000, Cooley Bros. to build five dwelli 1312-1330 Levis northe: $60.000. Eleven Houxes Going Up, $80,000. lsuumifis ASSOCIATIONS’ | ASSETS SHOW BIG GAIN street The totul assets of the bullding associations of the United States are now more than $4.000,000,000, there i more than 10,000 associations | with a total membership of 7.090,000. don to build 3451 South | These figures reprosent an increase LG LT U L e s e i g Substantial gains in assets and | membership of the District assoclu- {tions were reported by the Building owenstein to build 11 houses 7 Kentucky avenue southeast $60.000. 1. B Dakota avenue northeast. 1L H. Rideout to strect northeast. $6.. St. Bonaventure's ( Michigan 00 ""n"l’;gfl’.“'i'{;Assncmmn Council of the District ““1or Columbia at its annual meeting yesterday, and galns in assets of 500,000 over last year place the *"| total in the District at more than | $40.000,000. | The following | etectea: dent aven W. Hecht & Co. 513 Seventh 190000, John L. Knopp to Lu street north $6.000. Eli Perry to build 4021 Fes to build store street t £ gt 2413 Monroe R T presi- vice presi- secretary enden hughrue, treasurer. executive committee d of the officers and C Carr, C. Clinton Maedel and James I $10.000 > repuir 1721 | ur-and-a-half 000 John R street. $8,000. to build garage Jameson to build 16 houses Lo $2.000. *t southeast and 411 o 61 3 e Outstanding Value In These Detached Homes 803, 805 and 807 Quintana Place 3 strect southwest Sons to build £18.000, ith 6 large rooms stairway and bath: attic built-in bathtub ious living room itehen: wide front side entrance fo vurd fenced, Cross ven- tiliation These r not be duphcated at the price asked Open All Day Sunday To reach them gb out Georgia ave east to Sth st.. then to Rittenhouse st., then south one-half block Wm. H. Saunders Co., Inc. Exclusive Agents 1433 K St. N.W.. Realtors Main 1016-7 I CHARMING NEW HOMES AMERICAN UNIVERSITY PARK WEST CHEVY CHASE, D. C. FIVE TO EIGHT ROOMS BUNGALOWS AND COTTAGES 8 ALREADY SOLD THE HOME: These humes have been planned for comfort, usefulness and beauty. There is a delightful dining room: spacious bed chambers; elegant living room: hish ceilings: polished oak floors; tiled bath with linen closet: one-p ink and one of the best arranged kitch- THE EVENING STAR. WASHINGTON, D. C. SATURDAY, NOVEMBER 1, 1924, MORTGAGES ON REALTY HELD GOOD INVESTMENT With Possible Exception of Gov- ernment Becurities, None More Conservative, E. D. Rheem Says. With the possible exception of Gov- ernment gecurities no investment offers 50 many conservative features as real estate mortgagea. Edmund D. Rheem, local realtor, told the real estate class at the Y. M. C. A. The mortgage represents only from 50 to 60 per cent of the value on which it is secured; the income, in the form of interest, is fixed and pay- able upon business conditions. The value of the principal is staple and is not subject to fluctuations. due to essary papers incident to such transac- tions. At the next meeting of the class the subject of real estate salesmanship will be discussed by R. L. McKeever. Give Salesman’s Test. A requirement that all persons ad- mitted to the board as active or junior (salesman) members shall first pass an examination to prove their knowledge of real estate methods and forms ‘has been enforced by the Indianapolis Real Estate Board since January. The provision was adopted as part of the by-laws of the board. Woman Heads Realtors. For the first time in realtor his- tory a woman has been chosen to the hoard of directors of a State real es- “CURBSTONE BROKERS” FIND GOING DIFFICULT (Continuéd from Seventeenth Page.) purchaser cannot aceept the property and transport it in the same manner as he would other commodities. He receives a written instrument called deed, In which the r formally ansfers to the purchaser his rights and interest in the property. In f therefor: the purchaser actual purchases the deed, which is his evi- dence of ownership. This involves many extremely im- portant features that to properly comprehend requires knowledge of a highly technical character. Conse- quently one should be skilled and trained before he offers his services perhaps the greatest undertaking ever embarked upon. Therefor: hc should be given every protection and ance to safeguard his interests. 1t is for this and many other serious reasons that the realtors of the coun- try are so earnestly endeavoring Lo bring to the real estate field mcn of character and ability to furnish the public the service required in such dealing: Will Build $1,000,000 Hotel—If. A Canadian concern plans to con- struct a new hotel of 19 or more stories at a cost of at least $1,000,000, REAL ESTATE, provided that the city of Ottawa will agree to a fixed rate of assessment over a perfod of years. Tentative plans are now In the hands of the architects. It is understood that the hotel will have between 300 and 400 rooms. Building New Docks at Hamburg. The Hamburg municipality and the chamber of commerce are attempting to carry out plans for incr dock’ and warehousing facilities at the port of Hamburg by building new docks in the outer harbor below the free port on both sides of the River Elbe. ing the | OPEN FOR INSPECTION ALL DAY SUNDAY 1406 Buchanan St. N.W. See thin house before locat- ing. it contains six reoms and bath, hot-water t, elec- tricity, garage, complete brenk- fast and slceping porches. Moderately Priced Carter & Neal Room 308 Invewtment Bldg. 15th & K St Phone Framklin 8568 e e ] ?}_JIIIHlllllllllllfllflflllllllllmmlmllI!IIIlIIHIIIIlIIIIIIIIIIIIII!IIIIIIHlflllIIIIIII!IIIIIIIIIHIIIIIHIlhllllllIIIIIIHIIIIIHIIIIIIIIIIIIIHIIIIIIIllHIIIIIIIHIIIIIHIHIHIIIIHIIIIIII!IIIIIIIIHHNIHII_‘ s com- | rles 11| Barba o build 3842 Lega- | m % @ fl | depressions of the money market. The success of the mortgage in- vestment does ‘not depend upon the respbnsibility of any individual or corporation, or whether the individ- ual or corporation s successful in busi- ness enterprises, as the real estate itself 18 the basic security which is behind the ability of the borrower to pay his in- terest and principal. Mortgages run for a definite time, and therefore the invest- ment can be considered permanent for 1 that time. Mortgages are also con- { venient to handle and can be used as ! | collateral securite, . The various details connected with the execution and negotia of mort- | gages were outlined to the class by Mr. Rheem, who explained the methods of financing real estate deals and the nec- ol — - S — Mr. William B. Wolf The Rocksboro With Their Organization 1717 R St. N\W. Mr. Wolf will be pleased to place at the disposal of Five-Stary Elevator Bullding his many friends and acquaintances the expert facilities of Apartments for Rent this organization in real estate or finance and all branches One Room, Kitchen and of insurance, including life. Bath—$45.00 and $50.00 Telephone Resident Manager on Premises Main 9670 B. F. SAUL CoO. | e SUNw. T e S tate association. Mrs. Hazel M. Grant of Pasadena has just been elected di- rector at large of the California Real Estate Association. ~ in the negotiation and consumation of such transactions. The average individual only buys a home once in a lifetime and it is ST }MflllHIHIIIIIZ%\S:IHIlllllllllIIl|il’ll\&lflllllll“llll“ S Goldsmith and Company Announce the Recent Association Goldsmith Building 1405-7 Eye St. N.W. | $25.00 FOR A NAME NI 153903 We are subdividing the ten and one-half acres of beau- tiful grounds surrounding the Mansion House, Noyes Estate, at Sligo. Maryland, and we want a name—an unusual name —for the new subdivision. To aid you, make a trip there: Out 16th Street to Sligo, thence about two squares on Colesvillle Pike to sign on property. Address all suggestions in writing not later than Satur- day, November 15, to— LOUISE R. STAMBAUGH Manager-In-Charge Washington Savings Bank Building 721 Tenth St. N.W. < A | | i | | | [a]——[b[c——[n][—=[5] | | | fl fl The Best Buy in Petworth Another Row of Our MODERN HOMES, Located on Decatur, Ready for Your Inspection INSPECT SUNDAY You can solve the Problem of Buying a Home by availing your- self of the opportunity to purchase one of these MODERN HOMES adjacent to the new S| Circle 4 ALREADY SOLD Easy Terms ens in Washington: front colonial porch, 20x8; beautiful shade trees in front lawns; choice shrubbery planted about. PRICE AS LOW AS $8,450 CASH PAYMENT AS LOW AS $750 EASY MONTHLY PAYMENTS FEATURES: NORTHWEST SECTION MATERIALS AND WORKMANSHIP ABLE CONSTRUCTION OOMS AND CLOSETS ECTRICAL EQUIPMENT FULL DRY CELLAR LAUNDRY HOT-WATER HEAT, TILE BATH DOUBLE OAK FLOORS, BEAUTIFULLY POLISHED DOUBLE WEATHER BOARDING: GUARANTEED ROOF BIG YARDS, DEEP LOTS TWO STREET CAR LINES CONVENIENT TO SCHOOLS, CHURCHES AND STORES IT'S PART OF WASHINGTON CITY TO INSPECT: Take cars marked to 49th Street. Tse any Penna. Ave., F St. or Coun 2 half block to sample houses. Or drive out Mass. Ave. to 4Dih Street. any Georgetown car. tranafer to Wiacranin JAve: cars o Wessente nd go west to the houses at 47th Street, or @rive out Wisconsin Ave. to Fessenden St., west to 47th, and inspect these fine hownes. WASHINGTON REAL ESTATE COMPANY 1415 Eye Street N.W. These homes are twenty by thirty-two feet and contalp six exceptionally large rooms. Tiled bath with shower. Largeé closets in each bedroom. Linen closet in hall. In the Kkitchen there is a one-piece white enamel sink, white enameled gas range and & beautiful kitchen cabinet. Large bright cellar .stationary laundry trays, servants' lavatory. Concrete front perch’and ten-foot-wide rear porches. Very deep lot to wide alley. = To describe every outstanding feature is impossible. These homes will not last very long at $9,750.00. Sample House 522 Decatur St. N.W. Open Every Day Until 9 P.M. TO INSPECT: Take Georgia Avenue car to Decatur Street, walk three short blocks east OR drive out Georgla Avenue to Decatur Street, thence east three blocks. SHAPIRO-KATZ REALTY COMPANY [olc———o]c——|a]c——=[oo]a|——=]a][——]a|c——=|a[c—F] Columbia 1984 Main 2257 Evenings, Adams 1514 Builders and Owners 1409 L Street N.W. ‘Ma'n 9111 THE BEST BUY $8,850 In an Exclusive Dunigan Subdivision Columbia Park Convenient to Two Car Lines 7th & lngraham Sts. N.W. Six good size rooms Terms are satisfactory. Complete tile bath Don’t fail to see them. Homes like these priced as low are hard to find, especially in a good location like this; convenient to stores, schools and churches. Modern in every par- ticular. Extra large porches front and rear. Deep lots to wide alley Open and lighted Daily and Sumday Until 9 P.M. Inspect Them Toéldy or Sunday Take 14th Street Car Marked Takoma to 7th and Kennedy, or 9th Street Car to Ingraham Street; Walk 2 Blocks. D. J. DUNIGAN 1319 N. Y. Ave. NW. Phone Main 1267 B Chevy Chase— $8,775 to $9,975--- -Almost Too Good to Be True! But it's a fact! Surrounded by such fashionable home areas as Bradley Hills, Edgemoor and Chevy Chase, LELAND offers a moderatelv priced home in the best location. That is why we say, BUY IN A prominent local builder is now constructing 200 new homes in this subdivision. They have been selling quickly at these low prices. Forty- two sold before completed. If you are to be one of the fortunate ones, vou will have to hurry out now and, after a careful inspection, select a ilome best suited to your needs. Location Just a biock north of Bradley Lane, between Connecticut avenue and Rockville Pike. Drive out Connecticut Avenue to Bradley Lane, turn west on Bradley Lane "'to Wisconsin Avenue and north on Wis- consin Avenue to Leland Street and office; Style of Homes Bungalows and 2-story houses with 5 and 6 rooms and bath. Stucco, frame and brick construction, with hardwood floors throughout. Large attics and roomy cel- lars. Hot-water heat, electricity, gas, sewerage and running water. Terms An initial payment of $1,000 cash. This isn’'t so much when you consider that there are paved streets and the lots are 60 feet in frontage. “Chevy Chase” or Rogkville street cars are both accessible to the property. Open Sunday ;nd Every Day During Wee;c °KEEVER=/GOSC M. 4752 Maximuy erviee