Evening Star Newspaper, October 8, 1927, Page 19

STAR. WASHINGTON, D. €. SATURDAY, OCTOBER-8, 1997. REAT ESTATE. r® ECONOMISTS STUDYING T FINANCING OF HOMES 19 e REAL ESTATE. THE EVENING * {FIRE PREVENTION T LT T T A A T T R T T T T T R Y L R R R T TR %S of Period Designed to Take | Stock of Losses. | Tomorrow marks the beginning of Fire Prevention week proclaimed by President Coolidse a time for the K of its enormous | fire losses to initiate measures to reduce this great annual w The week finds th lumbia benefited b: cline in its fire lo official figures of the local partment f;\r the amounted t duction of During there were a tot fire, which w: from the total reported preceding year. In the side of fire losses, it is s the District has also heen benel by fire prevention methods, T fire fighting and the bu ing buil v ending J of 10 d belng 271, as compart the preceding vear. Throughout the United States last year thousands of persons were killed and injured and property valued at more than $560,000,000 was destroved by fire and ordinary precautions should eliminate much of thi: it is asserted by the United Chamber of Com Fire Prevention wesk. NEW REALTY HOME. Pennsylvania. Ground has been broken for a_new $100,000 home for the Delaware Coun- ty, Pa., Real Estate Board. The board has decided to build, for its own use, a two-story brick, reinforced concrete and steel structure, so constructed that other stories may be added. The Delaware County Board owns| W its present headquarters, a converted dwelling house now come to be in the heart of the business section. This building will now be sold. s | ceding week or i o just completed by the ) ace, which has been purch: fourth Moore & Hill, by Theodore P. Noyes. WEEK WL STAN| | Tomorrow Marks Beginning | S:cond Mortgages Held as Prob.i ably Greatest Single Problem Now Under Consideration. Home ownership, particularly the financing of homes, has lately been |accorded much attention by econo- {mists and governmental bureaus. | Probably the greatest single problem in the present aspect of the home | | financing arrangement is the second ! mortgage, whose ramifications are ften placed under the heading of junior finance.” Until recently, it is explained by one ithority, the second mortgage busi- had been largely handled in a way by parties perhap: equally n their business methods. Junior ng is now belng placed on an omic and businesslike footing, but t emerging from the state in first mortgage financ existed rs ago. time when a second mortgage placed the owner in the clal irresponsibility is rtered under the tions which control mortgage business are rapid- vating junior finance to a high in modern business. . L. Sansbury Co., at Twent through the office ¢ e Iplaca LUMBER TRADE GAINS. Adverse Crop Pric2 Conditions Tend to Cause Delay of Purchases. Business in lumber has improved a o in the last week or two, though developments in the crop ation hav ended to cause oment of purc by the farm the American Lumberman re. Agricultural demand, in fact, is r than it was expected to be, while, on the other hand, city demand is better than the lumbermen had hoped for. softwood bookings of 362 mills he week ended September 17 s sold in the pre- the corresponding proportion th week of last yi Demand foi vod is only fair, of both North- rthern output is now _quite ‘low rted bookings of hardwood < the first 37 weeks of the yea re 6 per cent above their pro duction. . Purchase New Residzncs. Mr. and Mrs. Walter H. Kilbourne have purchased a new home ' from & A Miller located at 4411 rfield street. The house is of Eng- lish style and is of brick, stucco and half timber construction. Mr. Kil- bourne is a local tax accountant. Only One Left Detached—side entrance, center-hall plan. Tapestry 1$10,950 = brick—sound construction—beautifully designed in Euro- pean architectural effect. Spacious rooms, airy, bright, sunny—artistically decorated in Tudor-Tiffany finish. Three baths—2-car brick garage—servants’ quarters— large lot. Adams MAX SUGAR Owner and Builder 516 Or your own broker Main 1064 An Exceptional Detached Home Just Off 16th Street And Overlooking Rock Creek Park '1619 Montague Street N.W. Superior workmanship, quality materials, convenient in- terior arrangement, and superb location, combine to make thin home the BEST BUY OFFERED TODAY. Entirely dctached on large lot, this charming home of tapestry brick with Bethesda Granite trim, contains eight rooms and two baths, front and rear porches; enclosed sleeping porch, handsome interior decorations and electrical fixtures, and two-car garage to match hLouse. Paved streets and alleys. Servants’ toilet and laundry in basement. Reasonably Priced—Easy Terms SEE IT TODAY pen for Inspecticn O, Winfield Preston 1010 Vermont Ave. N. W. Main 6307 Over 1,000 Cafritz Lifetime Homes Built and Sold 38 Built—Only 3 Left In the Exclusive 16th Street Residential Section _ Parkwood St. NW., West of 14th Convenient to the Shopping Facilities at Park Road 6 and 7 bright and spacious rooms 1 and 2 tiled baths, built-in tub, shower, fixtures Big kitchens, completely eq'ui.pped 3 largf pantry Large porches—Exquisite decoration 1 and 2 car built-in garages MONTHLY PAYMENTS LESS THAN RENT Open and Lighted Until 9 P.M. it CAFRITZ X Owners and Builders of Communities THAT ideal home that you’ve been planning for years—what is it to be like?>—for a happy answer— 523600 Quesada Street : Chevy ChaseD.C. For a neighborhood that you can point to with pride—a location that will advance in value as surely as the sun rises in the east— 23600 Quesada $treet Chevy ChaseD.C. For architecture that’s artistic, pic- turesque, invitingly “different”— 523600 Quesada Strect Chevy ChaseD.C. For conveniences and refinements that are abreast of the times— 3600 Quesada Strect Chevy ChaseP.C. 1 For honest value—a price and terms tempered to your income— 523600 Quesada Street Chevy CHaseD.C. Many Things You Want to Know ABOUT 100% Co-Operative Apartment Ownersl'up 1—ECONOMY : Saving of a large pcrcentag.e in rental through elimination of landlord's profit, vacancies, redeco- rating, etc. 2—PERMANENCY: Apartment the property of tenant- owner in every sensc. Can be altered, changed or redeco- rated to suit his wishes. 3—LOCATION: Socially desirable location where cost of individual home of equal merit is almost prohibitive. 4—CHOICE OF NEIGHBORS: No family may become a tenant until approved by the other tenant-owners. 5—FREEDOM FROM CARE: Property under efficient management which looks after all the details of ownership and upkeep, relieving the tenant-owner of all cares. 6—SUPERIOR SERVICE: Tenant-owners are the actual employers of all house servants, who, through permanency develop an efficiency that assures better service. Finest Homes Washington's Apartment 7—VOICE IN MANAGEMENT: Every tenant-owner enjoys an equal voice in the management and operation—but no personal service is required of him. 8—INVESTMENT: In addition to the saving on rental, the tenant-owner enjoys his proportionate share of all increases in the value of the property. 9—MASTER OF YOUR HOME: The tenant-ow ner is in fact his own landlord. He is in full and com- plete possession to do with his apartment as he wills. 10—BETTER PLANNING AND CONSTRUCT ION:. The 1009, co-operative apartment house is in reality a group of the finest, modern: city homes, built for the permanent occupancy of their owners and therefore designed and constructed with that care found clsewhere only in the most expensive private homes: 1661 Crescent Place Representative on Premises Daily & Sunday Until 9 P.M. M. é; R. B. ,\Varren Terry B. Simms, Sales Manager Phone Adams 9900 BDANIISIIISININSS OPEN SUNDA Buile by C. A. Langley Co. Oldest Builders in Washington For Potomac R. R. Co. Owners 7512 Sixteenth Street N.W. Phone Adams 9900 Designed by WM Potter & Lockie Axchitects for Potomac R. R. Co. Owners A Wonclerful New English Type Home Features Large, beautiful, landscaped lot. English garden flagstone walks. First floor has en- trance hall, spac- lous reception hall, mammoth club or living room, with wood-burning fire- place, dining room, butler’s pantry, modern kitchen. Second foor fa stairway. living quar- fers and bath: iarse storage space. Beautiful Rock Creek Hills OT an idle claim, but a fact that is at once apparent— this home is as fine and livable as present-day skill ¢ and artistry in construction can make it. Through- out you'll find an embodiment of the most approved modern ideas in design and equipment. Its location in the ex- clusive Rock Creek Hills section firmly establishes present de- sirability, and is assurance both of neighborhood and future enhance- ment of value. To the man who buys for the years to come as well as the present; to the man who seeks for his family the combined advantages of city and country life—neighbors in his own well-ordered sphere of existence—accessibility—a home that will mean luxury and genuine pride of posses- sion, we present this superb house for immedi- ate inspection. . The price is well within reach of most modern incomes and suit- able terms may be arranged. (VWLH.Saund:rs Co.In REALTORS K STREET » MAIN1016, Founded in 1887—40 Y ears of Reliable Service Featurzs ‘Walls finished in beautiful “Craf- text,” unique lighting fixtures, lavatory in recep- tion hall, Thurston Heating _ System, stationary tubs, ample closet space on all floors, hot- water heater, lav- atory in basement, slate roof, two-car garage opening on concrete drive and many other un- usual features.