Evening Star Newspaper, September 22, 1928, Page 21

REAL ESTATES “THE 'F'V‘F\T\G STAR. WASHINGTON. T K\‘I'T’I"TT\"\"‘ SEPTEMBER ™ 22~ 192871 REAL ESTATE: |51.84, while tn the United States 1t s/ '._— TAX BOARD BARS 1T aon ReaLTy mow | ittt aisn €8, 1 Be Wi i Apartment house construction in me‘, Real Estate Held for Sale Not R, has nade el sy nce | Subject to Inventory by Dealer in Land. | the skyline of many sections of the ty and providing | residence for thou- | sands. The cost of such operations here ran into big figures in recent Bureau of Labor statistics of the United | | States Department of Labor, and given |in a report just issued by the bureau, ! llustrate the differences in wages in the ! United States and various foreign coun- | | tries: Carpenters—Belglum, $1.3 |land, $2.96: Czechoslovakia, $1.12 many, §1.86; Italy, $1.82, and the United | States, $10.16. Because S0 many persqns want a home, America is a good place to work. Because so many persons have homes | America is a good place to live. x ok % K John L. Weaver, president of Weaver Bros.,, local realtors, left Washington | late last week for a sea trip of two weeks, which is to take him as far north the Wardman Realty & Construction | NORFOLK FINDS CURE three companies are to be Harry Ward- FOR HOUSE VANDALS! | man, president; Thomas P. Bones, first sy vice president; James D. Hobbs, second S | | vice president: Emory L. Coblentz, third | While other member boards of the‘; ‘}mo president; Thomas D. hcarson National Association of Real Estate| ourth vice president; Hubbert R.| i Quinter, secrstary, and Humphrey Lloyd, | SO% 45 have been keeplng an eye ““;"“ controller. Mr. Coblentz and Mr. Car- | vacant house vandals, Norfolk, Va,! | son are new additions, the former being | through the co-operation of the di- a Maryland banker, and the latter, for- | ity at- ety benlor bank examiner of the ATt | Lo on1 of PHblie safety; the cily Federal district. ¥k £k James P. Schick. vice president of the National Mortgage Investment Co., left Washington yesterday for a brief vacation in Philadelphia. where he will spend part of his time on the golf links. torney and a special committee from | | the Norfolk Real Estate Board, has| | found what is believed to be a solutiom. | An ordinance has been pdssed mak- ing it compulsory on the part of the: | vendors of lead pipe to secure a permit FIRST SHOWING You Are Invited to Inspect the Most Complete Home Available MARIETTA PARK SECTION S o e <. Newfoundland. Mr. Weaver | Mr. Schick s fond of golf and finds in |from the Police Department to do so. vear 'has seen no |38 3 oRns, e ional As- | It real Tecreation. E The permit is so devised as to cover nmf i ot s | sociation of Real Estate Boards. * ok ok ok a definite number of days but a definite r 2 Vs number of ieces of for federal tax purposes, according to of the building in-| I R. Bates Warren, who last vear was) SORil 50 50 Gmposed upon the an opinion which has been handed spector_shows that| waldo A. Clark has become connected | A0 official of the co-operative apart-|p chicer of such junk unless the : from the opening | y; v D ONt the firm of | ment division of the National Associa- | Py 2 B sl tic iy da down by the Board of Tax Appeals in SR b itoigD: | LI B BepRstmERtD tion of Real Estate Boards, returned to |s°ler had in his possevont, ANC Lo a case brought by the Atlantic Coast tember 1 permits| o o0® e O Washington a few days ago from a|*ered 19, the JUOE Realty Co. were issued for 46 4 business and pleasure trip which ‘took | ®y 0 blan cnables the Police Depart- The decision supports a present gen- apartment build-| The real estate office of Harry Ward- | him to New York and Atiantic CItY. " | uoni” {5 equire Whatever information 1 o t'thups ireau of Internal fEs HAMIg & t“’“"} man is being reorganized in connection b it desiros about the origin of the ma- | S i i 5 cstimated | st Of | wioh (ne refinancing operation for which | Two new salesmen have become as- |terials before issuing a permit to sell. | Revenue. & Jbyls ol dmportance to xeal $10.495.000. inueq | bond. issucs totaling $13.500.000 have | sociated with the office of Charles D. | Plunder that cannot b sold is of little | estate dealers everywhere in that it em-| X F. M. Bowle. = This co | boen_underwritten by a syndicate of | Sager. They are D. H. Stimson. for- e to a vendor, and the Norfolk board phasizes the mmuannl of present e ‘fi‘n”:m: g{ngm:'n fln“‘::;fk:t;‘r;lwm:;gs ‘m; bankers. Three new r;;mpam(ri are be- ?vr lndrsa|;<r§lrdbu<xn‘rx= inlorl?nxdn reports s t ‘ede! venue Aac! in as V] S Xisting irms. ans . A, Jor by rmerly of n- | ‘nl:zl:?; v(:»( m!;c(:x:n;; of ineame from | prefer this type of residence. Mnre“r“ficy“,.‘,’g l&gcw;:d:n;f Cnrngraliun | diana on, formerly Teal estate sales. the National Associa- |and more new aparfraents come on the tion of Rea) Estate Boards points out. t for their inspection and the e e eiation has consistently held | additional supply of apartment units, that if the real estate owner or dealer | it is pointed out by J. F. M. Bowie of is not to be permitted to inventory his | the preperty management division of | Jand as the ordinary merchant inven- | the Was on Real Estate Board, has tories his stock, and o is not to be per- | served to force down, in some cases, mitted to take his rental prices. currently in each year as the market| Also. Mr. Bowie adds, the large | fluctuates, then the revenue act should | @mount of apartment COH‘!Y\I(‘UOX\; be so amended as to provide equitably | Projects has created real competition | for his making returns under the cap- |11 this rental field, as betwkeen new . ital gain scction and older buildings, resulting in dras It is the present of the bu- | lic modernization of houses built a| veau to forbid s Jeaters, | decade ago. Facades of the older | Sehithor inr odb inisyiare <ting in | buildings in many cases have been: Jand on their own account. to take ad- | cleancd to make them appear bright vantage of the capital gain section in |4nd new, mechanical refrigeration has SoHkli Tet0s Gl RRns Aven: of | been installed and cther new equip- land holdines. on the assumvtion that |ment has been provided. lands held by them are not investmont - . holdings. but in trade, to be gl i treated on a par with stock on the | Venders of dwellings of all class shelves of dealers in other commodities. | 2150 are zlive to the “buyers® The decision of the Board of Tax | condition that prevails here today and | Avpeals denyine real estate firms the (are ready with m: inducements to use of a periodic inventory em in | Prospective purchasers which were not | reporting the vear's incoma was mads | Offered in war time and early pos Individuals or a firm engaged in real may not use the periodic stem in reporting income | ice of stripping houses has | (Southern Exposure) YOUR CRITICISM 1S DESIRED SAMFPLE HOUSE NOW OPEN 517 Nicholson Street Northwest (2 Blocks North of Longfellow St. at 5th) SEMI-BETACHED BRICK HOMES in the case of the Atlantic Coast Reaity | days. when the supply of housing was 8 large rooms. builtin bath with shower and extra lavatory with pede.tal hasin for master hed- e G e et oties it % i oo ! P i room—hardwood floors and natural wood trim throughout—large closets in each room - linen closet in e tiomtie Goact Torsity Go. filing |UpWard trend, and today a small home g : : | edar_closet, coat_closet on floor—larze outside pantry. equipped with Fr a consolidated return wiih the Virginia- | €an be purchased ai a most nominal 3 " under eement front porch—instantaneous wa ] Carolina Tand Corporation. made use |G0WR pavment and small monthiy cost. | laundry trays an ants n zaraze lot 31x101; house 20 feet wide to dining of a so-called inventory of its land at | * ok X * room, 23 feet wide beyond. House fl feet deep—10-ft. porches. market value and on that basis reported | e A . e g & net income of some $14000. The | The present condition in the Wash- 3 < < 3 i commissioner treatad the invenforv as | INgton real estate market is improved | Lo z i “a charge down of 1eal estate,” disal. |OVer the rather “dragey” state of af-! : ; : lowed it, and dotermined there was el 'f;:‘?é’:?fii!;f'nfe‘?; and cx:mg:; 3 f g ; o You Will Find '\Inr(- For Your Money Here eficiency of some §29,000. This action | basis sm_as T COME OUT AND BRING YOUR FRIENDS Or Phone and We Will Send Auto For You was based on a decision of the Bureau | VAT, in the opinion of Robert L. Mc- OPEN UNTIL 9 P.M. EVERY DAY of Internal Revenng made in 1921 to | Keever, local realtor. WAPLE AND JAMES, Inc. the effect that a taknaver engaged in | He points out that a study of deeds the real estate business is not nermitted | (ransferred in recent months shows a 1226 14TH ST. N.W. OFNERS AND BUILDERS to inventory real esiate which is held | decided decline in foreclosures and an Rocienls increase in the investment by well es- The tasraver claimed that the difi- | tablished concerns in properties of all culties of annual valuation of land for | €lasses. The leasing of downtown; inventory use are no greater than those | Properties also has been more active| involved in the application of other pro- { dUring recent months than during the ! - visions of the revenue act, The board |Past vear. | states that they have not been able to| Out-cf-town bankers and investors; find any reference to such en nccount- | 2150 are demonstrating their faith in ing practice in the business of buying b Washington real estate, he points out, and selling lands, and that it sscms |25 S°en in the annouacement last week | plain that the use of inventories is not | Of the underwriting of bond issues | Peactical in such & business. | totaling $13,500,000 on large properties | The opinion savs: “Tnstead of being ‘ nere cwned by the War@man organi- | # more convenient method of a~count- | Zatiors. | ORTH 962 “DUNIGAN 104-6 8—10 Summerficld Rd. Chevy Chase, Md. English Brick and Centerentrance Golonial Styles—3 and 4 Bedrooms and 2 Baths— Botsivip to/V Arres-Native Treas==Shoibberv—Toroicari Brick) Guragea—Two! Unustsliy Equipped! Tile Batha—Slate Roofs—Wide Porches—Larga Third Floor. ing, as it is with large stocks of small * % ok % To Inspect—Go out Cennecticut Avenue to Oxford Street, Chevy Chase, Md. merchandise being frequently turned | The daily averags wage of a brick- | Turn right, crossing Brookville and Broad Branch Roads. Turn right again to over, it is so cumbersome end tmcertain | layer in Austria is $1.39. in Belgium it | heuses. Mikkelson & Son West Va. Ave. N.E. racks grounds border the POINT as to be geuerally impractical.” is $1.32, in Prance $1.57, in Gfirmany Emrmwmmmr YRR U R R umm@m% P e osopes 3822 Cons. Ave. a orida Ave. 4 | is i = 7 1509 W. Va. Ave. N.E. Wisconsin 3018 Cleveland 1873 J. Dallas Grady 904 14th St. N.W. Main 6181 e e e R D B D D P S P T e finest protected harbors on the East Coast, a great variety of excellent fishing, a sporty eighteen-hole golf course, on two sides, and the future of this charming Summer colony, both in profits and pleasures, 1101 Holbrooke Terrace Built by 0 FERED ducking in season and innumerable other recreations urge is obviously sound! SCUTHERN EXPOSURE THREE PORCHES THREE BEDROOMS-— CONCRETE STREETS AND ALLEYS BUILT-IN GARAGE *9,250 OPEN AND LIGHTED EVERY DAY UNTIL 9 P.M. DELAFIELD Between XCELLENT judgment has been shown by enthusiastic crowds who last week attended $65.000 Golf Course the preliminary opening of Now Under Washington’s newest bayshore colony, Consinctio and many of whom purchased or reserved choice Summer home sites. Superb bathing, one of the PR SRR T B TR D el Kansas Ave. & Seventh St. EXHIBIT HOME 627 DELAFIELD N.W. Half Block from Sherman Circle. One of the Finest Sections of Petworth 1125 O“enS qt. NE C. H. Small & Co. 86 Sold—3 Left Prices $6,950 to $9,250 These homes located in the choicest section of N. For Sale—New Residence that you : Just Completed i Built Under Contract by Carl W. Markham FOllOlU tll(’ Thl'()"l o fo have 4 spacious bedrooms, with all modern improve. ments, eonveniently located to bus and car lines, schools and churches. You are cordially invited to inspect these bargains. Very liberal financing and arrangements can Founded and backed by successful business men of Washington and Baltimore, the character of your owner- neighbors is assured at the POINT. Then, too, its loca- tion is convenient from many standpoints, just 55 minutes’ be made. Open All Day Saturday and Sunday drive over a splendld Highway and directly across the Severn from Annapolis. The U. S. Naval Representative at 1509 Radio Station and U. S. Marine Bar- A FEW MORE OF THE POPULAR SIX-ROOM HOMES FIFTH and FARRAGUT STS. EXHIBIT HOME 5010 FIFTH STREET N.W. 4715 17th Street N.W. Corner lot, 113 fect long by 100 feet deep, contain- BALTIMORE ing about 10,000 sq. it., surrounded by high-class homes. House designed in English style, and contains large center hall, commodious living room, dining room, pantry and kitchen on first floor. Second floor arranged S Come Saturday or Sunday : ; with four bedrooms and two baths. Top floor has maid’s 3 1 > Drisabinsed e ietsnse: HTRE T o A cm.nfortable. 'well 'de'sxgngd, six-room room and bath. Two-car garage served by two roadways, | | ARRarolis. hEn IRrough e Citys and home. Tiled bath with built-in shower. Three A acr the main Severn River bridge to porches and large YardS~ Cream or hardwood it 4 S Greenbury Point sign. trim. Ample closet space. Concrete streets s D. J. DUNIGAN, Inc. Oil burner, electric refrigerator, * 1319 N. Y. Ave. Adjoining Colonial Annapolis % W H WEST CO EXCLUSIVE AGENTS 1519 K Street N.W. Main 9900 Rolscreens, steel sash, oak floors, distinc- tive trim, limestone mantel, etc. PRICE, $42,500.00—TERMS Listed with Realtors Open Sunday 2 P.M. Till Dark Main 1267 RENT-LIKE TERMS