Evening Star Newspaper, October 20, 1928, Page 19

REAL ESTATE. THE EVENING APPRAISAL GROUP “FOR YEAR NAMED Real Estate Board Executive| Body Names Personnel for Year. ‘The executive comm Ington Real Estate Board this week an- nounced the appointment of the ap- praisal committee for the coming year, as follows: Clarence Dodge, William R. Ellis, Wi . Flathes Houghton, Keever and F. organization William J. chairman, jon to the aciiz» members he committee, two associate e appointed as assistants ittee—Raymond G. Koenig R. L. Mc- Middleton. At the ng of the committee Flather, jr, was elected Fred H. Ugast to serve for the last| half of the year. | | This committee represents the board | |in all official appraisals, and during the | past year appraised properties aggre- gating $11,000.000 in value. Included | In the properties appraised, Mr. Flather stated, was every type of real estate located within the District of Columbia, | ranging from individual lots to apart- ment houses, hotels, industrial plants | and institutional properties. DGGER APARTHENT - HOUSES FORESEE [All Wants of Occupants May | Be Supplied, Realtor Tells Classiat ““Y.” HOME BUILDING DROPS. | special Dispaten to The star. | BALTIMORE, October 20.—Whfl?‘[ | general building operations here show | a substantial increase during the cur-| 1 speaking of present-day conditions rent year over 1927, home construction | pefore the Y, M. C. A. class, J. F. M. here is likely to mark the lowest voint | Bowie predicted a continued develop- reached by this class of construction | ment of high-grade apartments and in- here for a number of years. | dicated that in the near future apart- According to permits granted for the | ment houses of tremendous size housing | erection of homes by the bureau of|under one reof practically an entire | buildings construction of 2,1t - | community and occupying seteral acres {ings at a valuation of $9,006.000, i5 of ground would be developed. In this reported for the nine months ended | type of improvement, Mr. Bowie stated, September 30. The valuation given is| there would be every modern conven- | 31 per cent of the total valuation of| jence and facility for the occupants, in- | building operations for the period. | cluding automobile parking space, recre- Last year permits were issued for | ational facilities and community stores 3.343 dwellings, at a valuation of $13.-| furnishing the daily necessities of life. | 587,000, the total representing 17.8 pel‘; In discussing “Property Management,” | cent of all building permitted during| Mr. Bowie said, in part: “For many | and sales. STAR. WASHINGTON, v estate office has been looked upon as rather unimportant and given scant consideration as compared with the pro- gressive development of other depart- ments. However, recent years have seen a change in this respect, and the rent department is now recognized | as not only an important branch of the real estate business, but practically the fundamental department which really underlies the entire organization of a real estate office. “If properly developed, it is a con- stant income producer to the rental broker and through contact with a great many people it serves as an im- portant feeder to the other branches | of the business such as insurance, loans hen the gross value of properties ndled by 2 rental office of considerable size is teken into con- sideration it is immediately apparent | that the millions of dollars of invested capital represented by these properties | places upon the rental agent a serious responsibility that requires his care- ful, conscientious and constant atten- tion in order to properly safeguard the interests of his client. “The individual rental agent occu- pies at times a rather difficult posi- tion. While he is the representative of | the landlord, his client, and is obligated | to protect the interests of the landlord at all times, he must be so flexible that appreciable measure of service to the tenant. “Frequently tact and diplomacy are required to adjust the viewpoints of landlord and tenant, but an experienced broker, using the proper degree of care, usually can adjust matters between these two conflicting interests in a more amicable and equitable manner than if the principals attempted to negotiate direct.” Howard Moran, vice president of the American Security & Trust Co., will meeting of the real estate class. gl The total enrollment of New York City public schools passed the million mark last Fall. he can fulfill his obligations to his D. C. SATURDAY, OCTOBER give a lecture an mortgages at the next | 20, 1 MODERNIZED LAWS URGED BY REALTORS iEfl‘ort to Improve Statutes on Real Estate Financing to Be | Made in Illinois. ing real estate financing will be urged by the Illinofs Association of Real Estate Boards at the coming session of Modernization of State laws govern- | REAL five will be appointed to study existing laws as to respects in which they are impractical or obsolete, and to recom- mend amendments to the General As- sembly. The association urges the General As- sembly to pass a resolution submitting to the people of the State a proposed amendment to its constitution making possible a modern system of taxation. The present provisions of the constitu- | tion requiring that all property be taxed uniformly in proportion to its value have been conclusively proved to be impossible of fulfiliment, and they pre- vent the adoption of a system under which every person shall pay his just share of taxes, the association holds Holding that zoning has fully estab- ESTATE. 19 lished itself as desirable for the pro- motion and conservation of property values and pointing out that such regu- lation is needed outside of the corpo- rate limits of municipalities, the Illi+ nois association calls for the enactment of laws that would confer upon counties the power to zone areas outside of the limits of incorporated municipalities and the power to co-operate with mue~ nicipalities in working out systematie plans for the future development of extra-urban areas. ‘The association asks the Legislature further to put teeth into the statutes which would prohibit the sale of real estate from unrecorded plats, a statute which it points out is frequently vio- the State Legislature. A committee of —_—_—-s —m - r-r m e — — —,—,—,—,—,—,—,—_—_—_—_——— lated with fraudulent purpose. fl the first six months and 1927. | years the rent department of a real client, but at the same time give an THESE HOMES HAVE ALL the DETAILS NECESSARY to MAKE PERFECT HOMES—MUST BE SEEN to BE APPRECIATED. e Sold! Duplicate, $8,050. Will Fin A Suburb with all modern Improvements yet only 15 minutes from F’St. Iarvia Streets and Alleys, WhiteWay” Street Lights, Sidewalks sewers > Hl I o 14 Our New lakoma lark bungalows 4 nd two-story s o - e | brick homes are specially planned to make housework 4409 18th St. N.W. Casy’i‘hese houses are well built and very attractive in Reduced $8.000, to $27.500 every way. Have 5 and 6 rooms, 2 and 3 bedrooms, sleeping porches and every improvement. Large lots. Well built detache Tooms, 6 bedrooms. 3 by il Shade trees. Room for nice garden. Prices and terms positively right. Construction guaranteed by owner. Come out Sunday to 5th and Van Buren Strects N.W. You won't regret it. 'H. L. THORNTON wner an uilder 6900 4th St.. Tokoma Park, D. C. Office Phone Georgia 2291. opper gutter and spout, 10 Adjacent home, 4 Y 0. Open All ‘.Dagl/ Sunday Drive to 16th and Webster St.. turn west to 18th St. and turn right omes. MOORE #% HILL, INC. 730 17th Street N.W. Main 1174 to M INCOPORATED == PROPERTY OFFICE 200 ARLINGTON RIDGE, PHONE CLARENDON 1057 — T\ “'hether you rent or whether you buy, You pay for the home you occupy.” Warren Between Kansas Ave. & Seventh St. Half Block from Sherman Circle, the Finest Section in EXHIBIT HOME——M8M8M 627 Delafield N.W. A Home facing the South, with three large porches. Three well planned bedrooms. The closets are generous and a pantry pro- vides ample kitchen storage space. The decoration and fixtures are particularly pleasing. Streets and alleys are paved and there is a BUILT-IN GARAGE. y Petworth 9,25 : SEE THESE HOMES SUNDAY FIFTH and FARRAGUT ST EXHIBIT HOME 5010 Fifth St. N.W. A comfortable, well de- signed, six-room home. Tiled bath with built-in shower. Three porches and large yards. Cream or hardwood trim. Ample closet space. Concrete streets and alleys. And a GARAGE. 8,950 TERMS! Rent—like monthly pay- ments—the rent you now pay will buy your home. < EXHIBIT HOMES ARE OPEN EVERY DAY UNTIL 9 P.M. IR SR =R ReR QR = T T - IRRERELNRE Distinctive Developmenit of M. & R. B. Warren Connecticut Avenue at Tilden Street Phone Cleveland 6034 TERMS! Every effort is made to meet your financial require- ments, = R D. J. DUNIGAN, Inc. Main 1267 1319 N. Y. Ave. g