Evening Star Newspaper, December 10, 1927, Page 16

16 REAL ESTATE, CEMBER_ 10, 1991, REAL ESTATE. TITE EVENING STAR, WASHINGTON. D. € SATURDAY. DE CAPITAL BUILDERS atT 120 MEMBERS | NEW APARTMENT HOUSE PLANNED J 71 Taken in Recent Drive, Already Approved, Officials Announce. The membership dr €luded by the Builders and M: turers’ Exc e of Washin, ted approximately 120 new 1t was announced today by off the organization Applications for the new member Tow are before the board of divecto ©f the excha f ! i @ate 71 have proved. The memb plans by members inls of gement of the serv wtion which now arc ation W member: the roster of the excl Rnounced a we: X inte Co., Harry ubleday-Hill Builders’ He: ady added to tion, Ca Thompson, Tnc David . Butcher, Iarry C. . Philip ation, MeKnew Indiana he Floor art McLeod Cut Stone Co., J. D. T. Woodson Co., Natic A. W. Kaldenback, ¥ tandard Sanitar 0. O J. M. Brook Trew Motor B DI Manufacturing Co., aver Steel, Inc. Lochler, Hubers, andard Art . Bozung, > 1cts Corpor: . A. B. Gilbert, R 7. Colliflower, st Gichner, Will Carrico and David E. Kennedy Co. THROCKMORTON CHANGES. | Appointed Sales Manager of N. L. Sansbury Co., Inc. William M. Throckmorton, with the firm of J. cessor to Do S has been appointed N. L. Sansbury Co., Inc,, it was nounced today by the latter firm. Mr. Throckmorton, a resident of , formerly an- Realto the Board of Trade and the W ton Golf and Country Club. Other new memb staff of the Sansbu Happer, Walter B. Jai Shea and Louis Greenberg. Co. are J. A. J. C. Naughten Buys Home. James C. Naughten, chief clerk of |! e recently con- homp- | rrant, | . | not take into consid | ales manager of | of the salrsz John L.| | tory building soon to bhe from plans by Duvid | estimated value of $6¢0,000, Swartzell .| the financing of the project, annour | Stern., 1 S s erected at 2019 1 street by A. Joseph 1e building and land will have a total Rheem & Hensey Co., whicl - ’_:Says Auto Sales Lead Home Purchase Because Payments Are Easier Why do some prospects willingly pay $100 a month for an automobile 3 for a home? Percival V. Bowen, vice president of the Buffalo Real Estate Board, asks this pertinent question in a r e of the National Real E | tate Journal. After going into d the method of finan | buyers Mr. Bowen s ils regarding ! ng automobile by Federal income tax experts on the itomobile vary from 20 to The allowed rates of depre: tion on residential property v from 4 to 5 per cent. “This comparison, of course, does ion the steady alues in pra I of our great cities genera- fter generation. These increa ground values have a steady to offset the rate of de- on the building. “I believe that efficient use of our funds will result in_ decreasing the cost of houses to the consumer— first, through a practical readjus ment of our usury laws, and, second, through a shortening of the term of financing which is extended to our home purchasers. “I believe this latter point can only be accomplished by so focusing the attention of the buying public on the | intrinsic value of home owning that increase in ground | “The allowed rates ‘of depreciation | 50 per |3 | we will stimulate a desire the | home such a { tofore never seen. | “The time should come when this { kind of selling will make the average person ashamed to live in a rented house at a time when he is enjoying luxuries of little or no permanent | value.” | the Everett says: | buy an automobile, with te .depreciation of nearly | 50 per cent, with an average life of fabout three years, and subject con stantly to fire and theft, collision and umage, accidental or premeditated, nd to confiscation for violation of s. One may buy this luxury for Al payment in cash and monthly payments covering from 6 to 24 months, from one-sixth to two-thir of the life of the car. “Yet, in spite of the character of the security both real and moral, in | spite of the desirability, both from community and national viewpoint, of ving as many home owners as pos- for ments promising a home for small | cash payment and the balance like {rent, it has not been made possible |for the average man of moderate means to acquire a home as easily as he can purchase an automobile or "other luxuri —wesiep' The Garden Spot of Washington Jéeigbtfi h arranged | this country has here- | ame subject George T.|| sible, in spite of numerous advertise- | Like a beautiful picture, wrought in mosaic, more than two hundred handsome Homes of the Southern Railway, has purchased || a seven-room home 411_Decatur street from the Cafritz Co. The home is of buff brick exterior, with mansard roof, and contains reception hall, liv- ing room, dining room, kitchen and pantry on the first floor, with four | bedrooms and tiled bath on the upper floor. artistic designing now constitutes this charm- ing community. The restraining influence of critical discrim- ination gives certainty to the high standard set— both for the character of the Houses erected and their purchasers. . €. am 4. 9. Miller Realtors. FACING CATHEDRAL 3508 Garfield St. N.W. Open, lighted every dny DETACHED, TEN ROOMS Three baths, sleeping porch, Ray ofl burner, elec.. frigidaire, ' weather stripped, awnings, slate roof, two-car ‘zarag STUART G. McALISTER Investment Building. Main 7013, screens, This Very Desirable Corner Property Must Be Sold to Settle an Estate Most Delightfully Located On Upper 16th Street Opposite Beautiful Rock Creek Park e SRR No. 5201 16TH STREET N.W At the Intersection of Sixteenth and Colorado Avenue Situated in a beautiful grove of trees, this comfortable, well-built home of the late Joseph S. Tyree is unquestionably located in one of the most choice and commanding sites on Sixteenth Street. In fact, its location is the outstanding one on this famous street. This home, which contains 9 rooms and 2 baths, built-in garage, spacious porches, was privately built and contains all modern conveniences, including oil heat and Servel refrigeration. The lot is triangular in shape, and has a frontage of 282 feet on 16th and the same on Colorado Ave. It contains 23,835 sq. ft. exclusive of wide parking. If this is more ground than purchaser desires the house and southern portion of lot, containing 10,957 sq. ft. and having a frontage on both 16th st. and Colorado Ave. of 192 ft., can be pur- chased separately. A marvelous site for a church. For full particulars call the office week days or drive by Sunday and inspect property. Open From 11 to 1:30 and 3 to 5 O’Clock JOHN F. MAURY Realtor 1705 Kay St. N.W. Main 4080 and San Benito. There will be a half- | day stop at Corpus Christi, Tex., en route to Mission and the border. The itinerary hours in Mexico i Torreon, Me: entes, 8 hour: 3 la CAPTAL REALTORS TOUR 5 PLANED cntative Schedule of Stop-t overs on Way to Meeting Announced. Mata- | ) juato, 6 hour Mexico City, 10 hour: 10 hours , 2 hours: tonio, 11 hours, then back to He The trip is planned to occupy weeks. hour: BUILDING OPERATIONS IN BALTIMORE SLUMP| Eleven Months Ended Nnvembel“ 30 Show 815,341,518 Decline Over Last Year. The tentative schedule of the tour | ‘ashinston delegates to and AMidwinter meeting National Association of Real | at Houston, Tex., Jan- | pecial Dispateh to The Star | ho S e ,“),‘:m“,'J:",'_":f,',’f,;",,fm]‘:f‘-i BALTIMORE, December 10.—Build- | }the convention committee of the|ing operations in Baltimore, as indi- Washington Ieal Estate Board. | cated by the valuation of permits} 1(,.,,',l,','{‘,fii:"'l"‘,','l,_':,“w',f’;}‘t ,'.‘i""‘\f’,:',',‘;.lfi""" granted during the eleven-month | { C.i Atlanta, € nd New Orleans en | d_ended November 30, declined | route to the convention city, and side . contrasted with the | trips to Havana, Cuba, Mexico and | ast v i Florida on the return to the National| The total for the current year is Capital s , the corresponding f n,»v‘ being $48,221,146. tion for the entire Will Leave January 20. G | The party of Washington realtor | will leave here January 20. Detail of the trip are to be announced later. Officials of the board polnted out to- day that reservations for the tour must be made at an early date in or- | der that proper hotel accommodations may be reserved. The trip is being | arranged by the convention commit- tee in conjunction with plans by the | national association. Besides Mr. Dono- oe, members of the committee are "heodore M. Judd and Perey H. Rus- sell. A tour of Mexico, “the land of the ! pre-Aztec ruins, just heginning to be | deciphered, and land of modern indus | tries just awakening,” will be made by | numerous groups at the convention. At Mexico City the parties are to be received by President Calles. | Auto Tour Planned. | Plans by the national association {call for a one-day automobile tour of the Rio Grande Valley, en route to | Mexico City. The party will go by | automobile from Mission to Brow: ville through McAllen, Pharr, Juan, Edinburg, Alamo Donna, S { lacoi Mercedes, La Ferla, Harlingen igures are for new improve ments, additions and alteration: 1 are from a ement of the va tion of its, made public Charles H. Osborne, head of Bureau of Buildings. November's | total was $2,930,760, a decine of £1,755,606 fr the corresponding | month of 1926, when the total was| $4,686,366. Offices Saul Building 925 15th St. N.W. Several desirable rooms very reasonable rents. tion invited. B. F. SAUL CO. Main 2100 925 15th St. N.W. at Inspec- 1509 Ilr:mg Street__fi.E. Woodridge Owner, having purchased larger home, must make immediate sale of this true California type bungalow, located in an attractive section, just two blocks north of Rhode Island Avenue. It is in perfect condition, having been newly papered and painted throughout. You will find on the first floor a large living room, dining room, complete kitchen, built.in ONLY refrigerator, two big bedrooms, tile bath and screened sleeping porch. The second floor is $9,950 completely finished with 2 large, heated 9 rooms. rm; Sitnated on a lot 50x135, with beautiful Eaay s lawn, shrubbery and tile garage. To inspect—Drive out Rhode Island Avenue to 16th Street, then turn north two squares to Irving Street. Open Sunday Until 6 P.M. Hedges & Middleton, Inc. Realtors | 1412 Eye St. N.W. Franklin 9503 Think of it! 16th —an all-brick and Van Buren eight-room, two- bath home in the fashionable upper 16th St. residential section priced at only— 16,950 We leave it to your judgment—if this is not the greatest value of the year among the better class new-home offerings. Drive out Sunday io see them!’ N. L. Sansbury Co., Inc. 1418 Eye St. N.WW. Exclusive Agents Main 5904 | Washington erected on the northeast corner of Fourteenth and I streets be of a character befitting its position— facing on the site for the great Fed- eral buildings on the south side of structure the Fine its_study building. The executive committee of Real Estate Board authorized president, W. C. Miller, to g0 to New % it necessarv, to appeal to of- ficials of the cigar firm to comply with the suggestions by the Fine bod along lines suggested by Arts Commission, following of original plans for the ing ACTION ON BUILDING. ! of Board Goes on Record. Executive Committee Trade | the its The executive committee of the| “’r” T‘“"]"" sl . of the decisio= Board of Trade tarcs with other lo project- 2 that the terday . 2 plans for the ni Joined America, owners of th, to modif; JAMESON-BUILT HOMES North Columbia Heights 100000 2 MRS A S IRk HIET RRRERT: D e £ TR EACRREREAERRARRRRRE SR NRIDGRIR i8¢ RERENECR RN R RO ERE PRRRRES RERE 6, 7 and 8 large rooms, tile bath, built-in tub and shower. H.w.h., electric lights, lots of closet space, one-piece sink, built-in ice box and other extras. Convenient to 14th Street and Georgia Avenue car lines and two bus lines, schools, stores, churches and the- aters. Inspect and you will be convinced as to price, terms and location. Thos. A. Jameson Co. 906 New York Ave. N.W. “Ask the Man Who Owns One” Main 5526 RRERE R R R R R 7516 16th Street Northwest In Beautiful Rock Creek Hills HE biggest gift within the power of any husband and father to bestow on his loved ones 1s the title to a real home. You may be as rich as Croesus . . . you may lavish Juxuries without end on your family . . . you may give them an exalted social position . . . many-lettered college degrees, expensive cars, travel ., . . every treasure in Pandora's jeweled chest. But after all . . . if a real home has been denied them, you've cheated . . . been unfair to your trust. 7516 16th Street is a modern home suited to the needs of a modern family. In de- sign it is superb . . . truly a noteworthy contribution to the finer homes of Wash- ington. In glun and abpointment it is as modern as this morning’s bright sun that fil- tered through its inviting casement windows. And although in the keart of the city, it enjoys matchless outdoor advantages . . . the giant oaks . . . the greenery and laughing brooks of Rock Creek Park bringing nature to your very threshold. - It is the kind of home one leaves regretfully and hastens back to eagerly. For it has been knowingly planned to insure a maximum of blue sky, sunshine, intimate fam- ily life, laughter, confidences, convenience, luxury, pride of possession . . . truly a modern American’s castle, where one may retire from the work-a-day world . lax . . . rest. . . live. . TC" What of sts Future? . . . Wise restrictions . . . perpetual restrictions . . ., written into your contract . . . mean stabilized value and really nice geople as neighbors for all time. The fair fir.fce of this }u.)me and‘ most generous terms, easily place it within your power to give your family that “Gift of Gifts” this Christmas . . . a home to which they may proudly point and say “I hwe there.” OPEN SUNDAY SAUNDERS CO., Inc. Realtors 1433 K Street Main 1016 English Garden, Flagstone Walks . . . Entrance Hall . . . Reception Hall . . . Mammoth s Dining Room - » - Butler's Pantry - . . Kitchen « . Wide' Stairs and Full 1idth Balons 1o oot moroR2™ Eous 4 Bedrooms . .. Two Connecting Baths . . . Private Stairs to Servants’ Quarters on_Third Floor . . . Beawtifully, ' Landscaped . . . Craftext Walls . . . Unique Lighting Fixtures . . . Lavatories in Basement . . . Lavatory i Rear of Main Hall . .. Thrush Heating System . . . Stationary Tubs . . . Hot-water Heater . Two-car Garage, Opening on Concrete Paved Alley . . . Manmoth Third F loor Storage Space . . Paved Sidewalks and dlleys Mean No Future Assessments . . . Built by C. A. Langley Co., Oldest Builders in Washington, for Potomac Realty Co., Ouwners. Designed by Porter & - Lockie, Architects. Landscape Architect, John H. Small, 111