Evening Star Newspaper, February 2, 1929, Page 13

WASHINGTON, D. C, WITR SUNDAY NORNING EDITION —— : hg zhflliflg %iaf’ SAT£TRDAY, FEBRUARY 2, 1929, HOME & GARDEN 13 SURVEY SHOWS 10 PER CENT OF D. C. APARTMENTS VACANT Total of 15,493 Unit s in Capital Covered In Study Made by Operative Builders’ Association The percentage of vacancies in apart- ment houses generally throughout the District of Columbia as of November, 1928, amounted to 10.94 per cent, ac- cording to the semi-annual survey con- cluded during that month by the Oper- ative Builders’ Association of Wash- ington. A full discussion of the purposes of the survey, which is made by the local association as a guide to its members engaged in operative building projects | here in estimating the demand for | apartment units, their size and facili- | ties, is contained in the current issue of the National Real Estate Journal, publication of the National Association of Real Estate Boards. A total of 15493 apartment uniis| ‘were covered in the survey by the Oper- ative Builders' Association, this numbe; representing about 40 per cent of a apartments in Washington, and the re. sults of the study, therefore, being re- | garded as indicative of the situation | throughout; the District. Apartments included in the survey are located in various sections of the city. Regarded as Normal. A vacancy amounting to between 10 and 11 per cent is regarded generally | as normal. It is explained also that ‘vacancies normally are somewhat higher ' in November than would be the case in early Spring. According to statistics gathered by the local association, vacancies here amounted to 88 per cent in March, ;gg! and 11.6 per cent in February, 7. ! _The recent survey by the Operative Bullders’ Association included study of many types of apartment houses, in- cluding those from one room and bath to those of more than four rooms, kitchen and bath, those having resi- dent managers, those served by eleva- tors and those having mechanical re- | frigeration. Some of the final figures developed by the survey were unexpected, according to the statement, which was prepared for the association by its secretary, Rufus S. Lusk. Age of ‘Small Moment. For one thing, it was shown that there was virtually no difference in the vacancies in new and old build- ings. The vacancy in old buildings, or those erected three years ago, or earlier, according to the classification made in the survey, amounted to 10.96 per cent, while the vacancy in new buildings was 10.84. ‘The difference between buildings with levators and those without was a little ore than one-half of 1 per cent in avor of the buildings served by ele- vators. That resident managers have a part in the rentability of an apart- ment building seems to be indicated in the survey, which showed that there was a difference of slightly more than 115 per cent in favor of buildings hav- ing resident managers. The survey showed also that there was a smaller percentage of vacancy in apartments of small size than in those of larger units. ‘The vacancy in apartments occupied by white persons was 11.13 per cent, and in apartments for colored persons 5.99 per cent. This represented a great change in apartments for colored per- sons, which three years ago had a high vacancy percentagé at a time when numbers of apartment houses within a comparatively short period were made available for colored renters. Since that time there have been comparatively few apartments for colored persons erected, it is pointed out. - MAYER BROS. SELL . LEASE TO MANGEL | 1 01d D. C. Firm to Be Succeeded by | New York Waist ' House, Mayer Bros. & Co., in business in Washington for more than 32 years ' and one of the pioneers here in ex- clusive women’s wear merchandising, ‘will retire shortly from business, having sold their leasehold on the property at 937-39 F street to Mangel, Inc., of New York, extensive women's wear or- ization, it was announced here to- by the office of H .Clifford Bangs, which handled negotiations. !"_ The new organization to Washington plans to open for business at the F street property after alterations are completed, which will be started follow- ing the closing out by the Mayer Bros.’ concern. ‘The property, consisting of a three- story and basement structure, with a | fe frontage of 45 feet and a_ depth of 88 feet, is d A lease from St. Patrick's Church, er. Recent- ly a renewal of a lease on the prop- erty for 10 years, beginning July 1, 1929, ' was executed by Most Rev. Michael J. Curley, Archbishop of Baltimore, to PONCE DE LEON SOLD TO PETER A. DRURY Five-Story. Apartment, Containing 49 Units, Purchased by Banker. ‘The Ponce de Leon, five-story apart- ment structure completed during the past year on the southwest corner of Connecticut avenue d | street, has been acqui by Peter A. Drury, local banker and head of the week by W. W. Drury, who handled th% htnnucuon. e property was acquired from David L. Stern, architect and builder of the apartment. The sale price was not made public. The apartment is of Spanish archi- tectural mode, of brick facades with extensive limestone treatment, and hav- ing red tile roof, contains 49 house- keeping apartment units and is situated on : site of approximately 27,000 square eet. W. W. Drury, manager of the South- ern building, recently opened real geufi &Mces lc‘ltlh: Fifteenth street. e son of the president of Merchants Bank and Trust Co. e —————2nc and Trust Co.___ Moritz Mayer, which has been acquired in_the transaction by el’s. By the opening of the store here The Triangle of Increasing Values —between Massachusetts and Connecticut Avenues and Over 250 homes built and under construc- | Woodley Road. t§ tion. Actual improvements 1| $10,500,000. Wooded villa sit Middaugh & ESTABLIS 1435 K St. N.W. Designed & Supervised by State Board of Education Richmond, Va. —were used in all interior w of good masonry, B S homes, with lots from 75 to 300 feet front. Call for Literature and List of Over 300 Purchasers New Public School—Rosemont Section Alexandria, Va. For Fire-Safety and Soundproofness. With Economy STRAUB CINDER UNITS and the auditorium on this operation. ' This modern adapt- able building material efficiently answers all requirements WASHINGTON CONCRETE PRODUCTS CORP. South Washington, Va, Mangel's will make its first n operates 88 stores in other it is announced. concern now cities, Massachusetts Park and home values exceed es, lots, central and side hall Shannon, Inc. it Main 8685 Builder Farmville Manufacturing Co. Farmville, Va. alls, separating the classrooms M. 8528 A 0 g IR L ST I - Residence of Frederick A. Schutz Combination of Stone and Stucco. BALANCE ACHIEVED BY SCREENED PORCH Attractive Feature Is Wide, Unbroken Lawn, With Shrubbery Massed. Homes of the English architectural mode are among the mare typical to be found in Greater ‘Washington and take their place along with those of Colonial and other designs in the resi- dential development of the city. One of the mimerous homes in this classification is that of Frederick A. Schutz, located - at- 7520 Morningside Drive, Shepherd Park. This house, sit- uated on a large corner lot having a frontage of 171 feet on Hemlock street and of 114 feet on Morningside Drive, contains eight main rooms and two baths and has a finished attic over the entire house. The house is of the English cottage style and is of a combination of stone and stucco with exposed timbers and has a roof of rough slate of variegated colors. The upper part of the wide chimney at the front of the house is of brick and is capped by two exposed chimney pots in keeping with the arch- itectural design of the building. Balance in the house is achieved by the placing of a large, covered, screened porch at the right of the main portion of the house and a two-story garage English Cottage Type Home Graces Corner Lot *P Home of Frederick A. Schutz, 7520 Morningside Drive. ning and building of the house, which was given an “L” shape, the garage wing excepted. The garage is built onto rather than in the house structure and is reached by a sheltered walk from the rear of Abner-Drury Co., it was announced this |, wing at the left, the second floor of which is devoted to a large den or lounging room. Another attractive feature of the house is the wide, unbroken lawn at the front of the house. The flagging walk to the entrance runs from the far right side of the lot, while the di- rect entrance to the garage wing from | the house. The garage is heated. Entrance to the house is through a heavy wooden door with rounded top and having old-fashioned elongated hinges. There is a wide center hail which gives onto the large living room at the right. This room, 13 feet wide land running the full depth of the GARAGE. 18-0 % 19-0 LIVING ROOM 13-0 % 19-0 DINING ROOM j 4-0x14-6 First Floor, the street Is at the extreme left of the | house, 19 feet, is featured by a great property. stone fireplace at the front with win- Low = shrubbery is massed close | dows on either side and by an excep- against the stone of the first story of | tionally wide window at the rear. the building, while & few clumps of [ There is also a door leading onto the shrubs also are nicely placed here and | covered porch at the side. there in the lawn. Shading the front| The dining room is located at the of the property is a tall elm close by the | front of the left wing of the house covered porch, preserved in the plan- | and is lighted at the front by a series et st e it st et At ‘o 78 i 7aXiraviraYi Your Ideal Home Awaits You Cleveland Park ‘HESE finely appointed all-new homes of solid” brick construction offer one of the most outstanding values to be found in Washington., Each home, which is exceptionally wide and roomy, occuples a lot 33 wide, beautifully land- scaped. Six spacious rooms with two complete tiled baths and large breakfast and sleeping porches make the interior charming. Brick garages and many other features for comfort and convenience seldom found in homes of this character at the low price of $13,500 Hedges & Middleton, Inc. 1412 Eye St. N.W. Franklin 9503 EXHIBIT HOME 4106 38th St. Corner Upton St. OPEN ALL DAY SUNDAY Realtors 6804 46th Street CHEVY CHASE, MARYLAND $11,000 New dignified English-type home in exclusive residential com- munity. Six delightful rooms, open fireplace, tiled bath with shower, bronze screens and garage. Unusually large side porch with southern exposure. Lot completely sodded and - attractively landscaped. On paved street. A THERE IS A REASON FOR THIS AMAZINGLY LOW PRICE! COME OUT AND INVESTIGATE! Drive out Wisconsin Avenue to Leland Street (just morth of Bradley Lane),"turneast" on Letand Stréet ‘one Dlock Lo 46t Sireet, o phone Wis: consin 2875, Realtors M. & R. B. WARREN, e of three windows, while there is exit at the left onto a small stone terrace adjoining the driveway to the garage. Back of the dining room, which is 14 by 14 feet 6 inches in size, is the breakfast alcove, which in turn con- nects with the large kitchen at the left rear of the building. The kitchen, 10 feet deep by 12 feet 6 inches wide, is modernly equipped. There is a small rear porch with three steps down to the rear entrance to the garage, all of which is covered by the porch roof. ‘The stairway at the rear of the center hall leads to the second floor, ‘where, from a small hall, entrance is had into a large chamber at the right side which is provided with a private bath and dressing room. This bedroom, which has an outlook on two streets, is 13'feet 6 inches by 16 feet. There is a large closet over the porch, with built-in cabinets for the storage of blankets, coats, ete. ‘The den over the garage is 14 feet by 19 feet, and is fitted with a fireplace. The ceiling of this lounging room is low, and dormer windows at the front and rear add to its coziness. The den is reached through the left rear bedroom. The house was erected by L. E. Breuninger & Sons from plans by C. M. Woodward. + practice for investment property, non- OPT STANDARD PRACTICE FOR REAL ESTATE APPRAISAL National Association Details What Consti- tutes Sound Metho ds in Valuation of " All Kinds of Property. Definitive action establishing a plat- form of sound practice for the appraisal of real estate was taken at the annual business meeting of the National Asso- ciation of Real Estate Boards, held last week at Birmingham, Ala. Standards of practice for realtor ap- praisers and for appraisal committees of member real estate boards were adopted by the appraisal division of the association. The detailed statement of what con- stitutes sound appraisal practice out- lines appraisal method step by step, enumerates essentials which it is un- ethical for the appraiser to omit from his appralsal certificate, details proper investment property and service.prop- erty, and ' states specifically essentials to be observed to insure the soundness of an appraisal made to determine the security of a loan. It condemns “sum- mation” appraisals as unsound, inaccu- rate and misleading. ‘The division further adopted a stand- ard form for the appraisal of business property, a standard form for the ap- praisal of industrial property (this form worked out in conjunction with and ap- proved by the association’s industrial property division), a standard form for the appraisal of farm lands (this form worked out in conjunction with and ap- proved by the association’s farm lands division). Months of Study. ‘The action follows months of study by the executive committee of the divi- slon and by a special committee headed by Henry A. Babcock of Chicago. Other important action taken at the annual business meeting of the association in- cluded: 1. Recommendation of a machinery to be set up within the national asso- clation to enable property owners to share with real estate boards in the movement to gain more equitable taxa- tion for real estate. 2. Indorsement by the home builders and subdividers division of the estab- ‘The annual meeting had a registered attendance in excess of 800 realtors. A notable feature of the sightseeing trips which were offered in connection with the convention was a trip through the industrial districts of Birmingham. Harry H. Culver of Los Angeles and Culver City, Calif, was inducted into office as president of the National Asso- clation of Real Estate Boards for the year 1929 at the closing session of the meeting. | Harry 'S. Kissell, Springfield, Ohio, took office as first vice president; Mau- rice R. Reidy, Worcester, Mass., as sec- ond vice president; H. E. Rose, St. Cath- erines, Ontario, as third vice president; LeRoy E. Brown, jr, Richmond, Va., fourth vice president, and William W. Butts, St. Louis, Mo., fifth vice president. “15 a Day” A NEW IDEA Every architect, realtor, builder, present and future home owner should con- sider an Exercise Room or Health Room in each home, hotel, apartment house, of- fice building and club. Regardless of all modern appliances used today for the general welfare of the public, no consideration is given to Health Equipment lishment of a consultation bureau for for proper and beneficial subdividers der 1 tlined el lg"r)’:‘gflé thed execfmve;-; l::’oxen{g?t%:g; ?1‘:‘: dflm&;g exercising. g 10 o and spproved by the of directors An Exercise Room or of the association. g P CHAMBER: 3. Adoption by the brokers division Health Room will have a CHAMBER sundnrdl s'?tem';;n‘t is designed ;.o lg- H ealth . Co sure jal om| S, - T LI A T Equipment transaction. Chas. G. Graves, Mgr, Plan Advertising Campaign. Lobby 15, Investment Bldg. f 4. Launching a Nation-wid - 3 g CHAMBER Second Floor. ative -_mnmfig c.mp.:xl.rn for Teal es- 15th at K St. N.W. i B 3 al % fe: 11-0x12-6 of 23 display Aderiisemente to be fur: Matre.- 4269 nished member boards at cost, is ex- i pected to be put on simultaneously in cities over the country, 1 A7 1 T ' i FACTS and FIGURES Tell the Story! - g n & z ~ ¥ Tt i 1 ik In 1922 construction In 1928, in striking it [ of homes in Washing- contrast, we find the i L ton, both on the basis situation exactly re- 3 e L of number of units, versed. During the [ =y and dollar value of past year, on the same - h li!! buildings, was di- basis, the division has 1 'l vided approximately been approximately Il 30% apartments and 70% apartments and . 3L 70% individual houses. 30% individual houses. e h 1 = T ic it T Y ] N(lT mere opinion, but facts and figures warrant the statement that construction of private homes T - in Washington has definitely swung away from individual houses to group homes or apartments, T 5 g group P . - T I The reasons are obvious: In the apartment home marked economies are possible through group ': L construction and operation with greater comforts and conveniences. 3 Ve V- 1: And now, the one remaining advantage of the individual home as against the apartment home— . |l personal ownership by the occupant—has been swept away through Co-operative Apartment Home T ; Ownership. During the past five years, 18 buildings, some 360 apartment homes, housing nearly i il 1,500 people, and valued at more than $4,000,000.00, have been built and sold by M. and R. B. War- i ren, and are today in successful operation, demonstrating the soundness of the plan. T L l 3 Today, in Tilden Gardens, the newest development of it M. and R. B. Warren, you may own a co-operative apart- it ment home of six rooms and two baths (floor plan to the 1L left), ordinarily renting for $150 to $175, by a reasonable 7L initisl payment and monthly payment of $122, including 1 taxes, insurance, operating charges and all other expenses. 4; s ¥ Of this $122 monthly payment, an average of $61 is a sav- T ing, an investment, and applies on the purchase of the apart. WL ment. In a surprisingly short time the resident owns his L apartment home and thereafter the total operating expense o) should be but $37 per month, The home owner’s real cash 1 investment, therefore, has been merely the first payment, his o} total monthly payments being actually less than the normal Ll rental for such an apartment. '. Al = ll IN location, environment, beauty of surroundings, an apartment home in Tilden Gardens leaves L nothing to be desired. The economic advantages, the comforts and conveniences of this type of G apartment home residence speak for themselves. May we welcome you soon, while each size, style L and arrangement of apartment is available for inspection ' Model home, charmingly furnished by - W. B. Moses & Sons, is open every day until 9 p.m. = 3 T 1 . ll TILDEN GARDENS " =] Distinctive Development of M. and R. B. WARREN A 5 : h T 1 Connecticut Avenue at Tilden An interesting booklet explaining the War. o Street—Just south of the Bureau of ren Plan of Co-operative Apartment Home 1 Standards—Phone Cleveland 6084 Ounership will be mailed om request. L T . 'l 'l 1 R R R R R R R R R S R L R R Y U R R R LR S R R AR A AR AR iE