Evening Star Newspaper, March 23, 1929, Page 16

3 5 SATURDAY, MARCH 23. 1929. REAL THE EVENING STAR. WASHINGTON, D. C, ESTATE.’ age or destruction of improvements. ‘ “Both the seller and purchaser have | an insurable interest in the improve- | ments. If the purchaser insures for his {own benefit the seller cannot require | that the insurance money be applied in | rebuilding the improvements or in par- jtial satisfaction of the indebtedness | (the balance owing from the purchaser | to the seller). But if the contract re-| quires the one or the other to insure for their mutual benefit the proceeds |of such policies in the event of loss are | considered as taking the place of the property and the respective rights of | the parties (the buyer and seller) are adjusted according to their property in- | terests as set out and proclaimed by the | contract. | “The seller is under no obligation to maintain existing insurance pending the conveyance of the property. If the; | seller has insurance on the property at ' the time of sale and a loss occurs prior to the conveyance of the property the | purchaser may demand that the insur- |ance money be applied in reduction of | the purchase money or in ihe rebuilding of the improvements. The same rule | applies where a person has an option | | of purchase. | “All contracts should provide that on | the death of either party that the con- Buyers and Sellers Have Re-| course to Courts in Many Cases. by Commission. chaser fails to deliver title as provided in the contract, bring suit to recover as damages the benefic he would have re- ceived had the contract been performed. “The purchaser, on default, is held more strictly (than the seller) to ac- count. He should not enter into a con- tract unless he had the proper finan- cial responsibility to carry out his agree- ment. On default of the purchaser the ' provided he himself is not in_default. PERM'IS ISSUED SUBJEET .I-[] I-AWS'mcmdu the Intercst on his deposits or i | e X | his contract must be exercised within a [ of Propertxes Will Be Heard unreasonably the exercise of his right : “The seller may, in the event the pur- : Capltal. 16 REAL ESTATE. The purchaser’s right to lien for pur- ’ | payments. A t t St t Ch f reasonable time after the default of the parimen ructures 11| and thus specilate on the rise or fall % ] 1 ZONING HEARING WEDNESDAY | it osanoe o Amaayfoc Desent ot the contract, may disaffirm the contract [ IS REGARDED AS IMPORTANT |and recover the purchase money paid, LI A chase money paid under the contract Petitions for 11 Changes in Classifications The Fight of the purchaser fo rescind seller. He (the purchaser) cannot delay Among Operations in in the value of the property. {_(Continued From Fifteenth Page) _ Petitions for 11 changes in the zoning , Eckington and R streets, and lot nn" classifications of properties in the Dis- | corner Quincy place and Third street trict will be considered by the Zoning ' northeast | Commission at a public hearing in the | 9. Change from residential, A re-: boardroom of the District Building, be- | stricted area, to second commercial ginning at 10 a.m. next Wednesday. | C area: Lots bounded by Shepherd | they might have made if real estate/ Additional importance is added in | street, Bunker Hill road. Twentieth and | contracts are broken, says the National | that hearing will be vontinued on the | Twenty-first streets northeast. | Association of Real Estate Boards in proposal to permit shops and stores of | * 10, Change from first commercial, C | its weekly lesson for property owners. the character of hotel facilities to be | area to residential, A area: Lots on| What happens if either of the parties | scller may: incorporated in apartment houses, pro- | eorner Sheridan and Elvans roads | in a real estate transaction changes his; “1. Rescind his contract, and may, vided the entrance to such shops are | northeast. | mind? The association quotes its gen- |end many times does, by agreement, fol within the building and no signs are | 1. Change from second commercial, | eral counsel, Gen. Nathan William Mac- | feit the deposit and payments: or, displayed on the exterior. |60-foot, D arca, to second commercial. | Chesney, as follows: “2. Bring an action for specific per- Both buyers and sellers of the land | have recourse to the courts for profits butider; to erect one 2-story brick ad- dition, and repairs and alerations, 3115 Fourteenth street (lot 830, square 2848), to cost $7.000 ©°0. T. & W. A. Carr, owners and | builders: William A. Carr, designer; to erect one 2-story brick and tile dwelling, 4900 Butterworth place (lot 40, square 1485). 0 cost $7.000. 3905 r Street Fugene Minoux, owner; Julius Wenig, | | 90-foot. D area: Lots on the north| “The seller may fail to carry out his | formance; or, tract s binding on their heirs, execu- architect: Charles J. Garner, builder: to Proposal Arouses Criticism. | Sa0% O Sitect batween Thirteenth | contract elther from unwillingness or | 3. Collect by way of damages the |tors, administrators and assigns. Under | | inability. If the seller is able but un-|difference in value between the price |such a provision the respective pur- New Colonial Brick ‘This proposed amendment to the zon- | o o ing code, which has aroused confiicting | And Fourteenth streets. opinions and on which the commission has called for full public consideration, reads: ses which distinctly pertain to or | I | are appropriate adjuncts to hotel and | February Activity Is Indicated by\ apartmen?_house uses, such as the fol- g Figure of 86.8. | of the property. }uwmg: Dr\;g stand, lncéudlng soda ountain, perfumery, etc.; barber shop, beauty parlor, pressing or talloring | Real estate transfers fell off some-| ®.3° Fe'may’ 1f he so elects, sue for X establishment, cigar or news stand, sou- | what last month from business of the | the loss of his bargain, in which case Xmn"i s{’and. or restnumnt.lm:’ay l;le u}v‘ preceding month. | rem}\‘rer t-’l:e value of the prop- lowes y occupancy permit in hotels i erty, less what he contracted to y and apartment houses in a residential | February real estate activity is Indi- i district, provided the entrance is en- | cated by the figure 8638, according to erect one 1-story brick addition, 3815 gecrgin avenue (lot 52, square 3028), cost. $2,100. G W.uChase. owner and builder; F.| W. Chase, designer; to erect one 1-story brick dwelling, 707 Elder street (lot 27, square 3176). %o cost $6.000. Super Concrete Corporation, owners @nd butlders; Potomac Electric Power designers; to erect brick vault, 3046 K street (lot 804, square 1173); to cost $2.000. | Reliable Realty Corporation, owners | and builders: to make repairs, 19 and | 31 M street northeast (lot 805, square chaser or seller has the assurance that | no shifting of the title will affect the enfroeeability of the contract | “A contract is valid though it flfls‘ to,state the time within which it is to | be performed. The law implies in the | absence of agreement that the contract | will be carried out within a reasonable time.” T willing to carry out his contract, the TRANSFERS DROP purchaser has an election of these rem- edie: | REALTY | 1. He may recover his deposit with | T | Interest, plus reasonable expense incur- red in his examination of title.. “3. He may bring a bill for specific performance compelling the conveyance | the purchaser agreed to pay and the actual value of the property at the time of default. This remedy is desirable only when the contract price exceeds the property value. “In most States the purchaser must, after a building contract has been en- tered into between the parties, bear any resulting from the accidental dam One Block From Circle CHEVY CHASE, D. C. TRULY American Colonial all-brick home charmingly situated on an attractively landscaped homesite. Spacious living room with open fireplace, breakfast porch and tile lavatory on first floor, four large airy hedrooms and two tiled baths on second floor. Every modern facility of the better class home at a very unusually low price. OPEN SUNDAY “The first remedy would be useful 673). to cost _$6.000. b tirely inside the hotel or apartment | the statistics compilgd by the National | in all cases where the property had de- . Alexander F. Ridell, owner: K'fl"'”:‘ house, and o sign ot display is visible | Association of Real Etae Boards from | creased in value. | Day and Evening Open ALL Day Sunday ¢ Vieth, architect and builder: to erect| from ‘the outside of the building; and | the number of deeds recorded in 63 cit- | “The second remedy would be the & Drive south from Chevy Chase Circle on Western Avenue one 2-story frame dwelling, 2400 Frank- lin street northeast (lot 8, square 4215); | to_cost $4.500. W. F. Jackson, owner, designer and Puilder; to erect one 2-story frame| dwelling, 4961 Eckridge terrace (lot . souare 1421); to cost $4,500. 29M<ro! Nem% Kriz, owner; Warren provided fitthe, that those uses which | jes from which the association draws | more desirable if the purchaser wanted do not distinctly pertain to and which | its data, using 1926 as a base year upon | that particular piece of property, or if are not appropriate adjuncts to hotel m'i which to compare activity from month | he contemplates holding it and believes apartment house uses, such as grocery | to month. The figure for January was | it would continue to increase in value stores, meat markets, drug stores, Or | 87,2 Where the seller dies, the purchaser in other commercial enterprises prepared | curs difficulty in compelling specific to serve a community or section of the | performance in consequence of the num District, rather than the inhabitants of ber, the infancy or the dispersed loca- Epencer, designer and bullder: to erect | the single building in which they are, tion of the heirs. one 1-story brick addition, 1629 Riges | located, will be denied in hotels or “The third remedy would be prefer- place (lot 21, square 178), to cost|apartment houses in & residential dis- able if the purchaser did not care for | $2.000. trict | the property. but only desired the profit | Clafiin Optical Co., owners: Skinker| The 11 changes in zoning to be con- | of the transaction. The third remedy & Garrett, builders; to make Tepairs, | sidered are: is ineffectual if property has taken a 922 Fourteenth street (lot 812, square| 1, Change from residential, C area, | slump subsequent to the signing of the 218), to cost $4.000. to first commercial C area: Lots a | contract of sale. Penn Oil Co., owners and builders: | the southeast corner of L and Twenty “If one of the heirs refuses to con- Julius Wenig, architect; to erect one |seventh streets. ] g e v this dispenses with the necessity Story brick store, 2715 Pennsyl-| 2. Change from residential, B area | A ewe belonging to A. Laudermilk, | for a demand on the other ighs before ia avenue (lot 803, square 1194), to|to first commercial, C area: Lot at Gooding, Idaho, has produced 14 lambs | suing for the deposit and 'nse or for cost $2.000. the northeast corner Fourth and G |in four years—four this season, four last | the loss of his bargain. Barber & Ross, Inc, owners, de-streets northeast. | year and three each the two preceding | “If the seller i8 unable or refuses to signers and builders: to erect elevator 3. Change from residential, B. B re- | TS, perform the contraet, the purchaser, in- Skaft and make repairs, Eleventh and |stricted and C areas, to first commer- | G streets (lot 807, square 320), o cost 100 feet, turn right on first street one-half block to home. J. €. Douglass Co. Exclusive Agents 1621 K St. N.W. 5908 16th St. N.W. ONE OF SIXTEENTH STREET'S FINEST HOMES ON A FRONTAGE OF 60 FEET. This NEW and IM- POSING BRICK RESIDENCE (built by J. E. Fox) is about 43 feet in width and contains 12 rooms and 4 baths: is of the most modern type and all appointments of the highest order, including Silent Automatic Oil Burner and Electric Refrigeration. Detached 2-car Brick garage with overhead doors. Choice environment, first-class construction, archi- tecturally pleasing and conveniently planned, stamp this as an IDEAL HOME. Be sure to see it. WM. H. SAUNDERS CO., INC. REALTORS 1433 K St. NNW. District 1017 Metrop. 5678 New Realty Firm Is Formed. A new concern, R. Marbury Stamp & Co., Inc., with offices at 816 Fifteenth | street, has entered the local real estate | fleld. 'R. M. Stamp is president, Thomas | L. Peyton vice president and @harles . Koones secretary. The firm will | deal in business and investment prop- erties, it is announced. Exclusive Edgemoor New Stone Residence An excellent example of the best in Stone Masonry cial, C areas: Properties located on Con- $1,500. necticut avenue, both sides. from Con- William A. Hill Co., owners and build- ers: to erect one brick garage, 86 Kalo- necticut Avenue Bridge to Cathedral avenue, including all of square 2202 | DETACHED—STONE HOME - 1ot 14, square 2523), to|in private ownership, but excluding < Sl qu = sq%ni-’;e 2152 (Wardman Park Amnex) | 9 ROOMS $l4 500.()0 LOT 50x13214 st. owner; Edna R. Pri an g also Calvert street, nor x de:igr?ér;n et O Owenham, bulider; 16 | side, from Woodley place to Connecti- /! 2 BATHS \ ’ 35-FT. CONCRETE erect one 2-story frame rear addition, | cut avenue. | MODERN FRONT PORCH 4. Change from residential, B re- stricted area, to residential B area: Property on the east side of Woodley | place from Calvert street, to include 2609 Woodley place. }‘ 3418 Rodman street (lot 73, square ), to cost $1,400. mggmes H. Caton, owner and builder: J.'H. McIntyre, designer: to erect stone storage shed, 1028 Thirty-third street 1347 Montague Street N.W Wonderfully eonstructed with heavy. thick blue-granite walls, ost $1,000. 5. Change from residential A re. . >hich means a?:bitsyn ”cm::f ltl:?rkatgtfun, ‘owners: smc?:d area, to ;ulden;!-ll, A w;r;l 5 :':‘::n?::::‘n} ‘ain ang. hl:‘.l%sll’:li:;‘.nzzoéh' o e Arat Aatr. ;l'-'; %::nfignu% , builders; to make | restricted area arts of lots on the xposure, porches, big, fine frepl ocation near Bl east side of Twelfth street, north of |} 4CRoDLs. "STORES, GHURCHES: GARS and BUSSES: ‘lend ‘o ke prescpt. ang repairs, 1333 F street (part lot 8, square 253), to cost $1,000. Genevieve Hendricks, owner: Martin Bros., builders: to make repairs, 2905 P street (lot 813, square 1268), to cost $1,000. Fern street. Change Restricted Area. 6. Change from residential 40-foot, A | restricted area, to first commercial, 60~ foot, C area: The part of lot situated | west of a line parallel to Forty-second | street and 20 feet west thereof; and to residential, 60 foot, C area, the re- maining ‘portions of this lot and all of lot on the northwest corner of Fessen- den and Forty-second streets. Cl from residential, C area, Tature value of this resl HOME BARGAIN. - The elevatk value of this re . The elevi ideal healthful and practical place for ehildren. !:)l'. heat. electricity. 15 m nd in_excellent condition. 6625 of ground it makes a real suburban heme right in the ecityi its ense concrete front porch, lined with flower boxes, Is almost a Summer home in itself. IT IS THE LAST OF THIS ESTATE OF 11 HOMES EASY TERMS PAUL MAGOFFIN 317 Woodward Bldg. " Phone Main 3023 PSR DATA ARE ASSEMBLED FOR HOMES EXPOSITION | g .N.W. - e Second house from Postmaster ethorpe St New’s residence, surrounded by high- . Change to first commercial, C area: Baltimore Building Show Wil\[ Lots 7008 & s bounded by Fifteenth street, Isherwood | class sections, such wood, - Emphasize City's Progress s«;?e‘t. o;:uy ;t.he ‘-ue%d':o m-%l rlmrttoh f’;”\ 6161 OBgl ul Mar: o tery Pl{:‘ nfi:fimf'?u. o Isherwi ireet al paralle] b 2 e 1.} This wutiful , b in Comforts. Isherwood : | Detached Brick, Chevy Chase, D. C. Detached Bri E bogille ""c‘:l‘ ."l' Des; Ha d for many genecatiohs, contains KIGHT Bpecial Dispateh to The Star. 5. Change from residential, 40-foot 8 Rooms, 2 Baths tached Bric onial Design M PAECN iarge rooms, THREE baths with marble BALTIMORE, March 23.—The better | D area, to indu! Etoot, D area: | 7 Rooms v Can_crete Porch Lanc :.l].::) m D:l; :lure:’m m $16,750 Open All Day Sunday 3505 PATTERSON STREET N.W. This mew detached brick. home just been completed and_ offers more y we know of in all of Cheoy Cha. It fs better built tham most homes sell for @ much higher price. eight unusually large rooms, twco beautiful baths. open fireplace, very la attic. and every modern improvement, including electric refrigeration and a huilt-in garage. The lot is large and has many very old and beautiful shade trees. You will agree that this is an exceptional home offer and you may buy it on easy terms. ~You are invited to see it. and for your convenience it will be open ell day Sundav. D00000000000000000000000000¢ All-Brick Corner Bargain 8 Rooms, Bath and Extra Lavatory 433 OGLETHORPE STREET N.W. $11,750 s and building exposition, to be l):gllgeAprfl 6 to 13 at the 5th Regiment Armory, under the auspices of the Real Estate Board of Baltimore, will empha- size the city’s progress in home comforts days. mark the 200th anniver- sary of the action of the Legislature au- horizing & settlement to honor the| neme of Lord Baltimore. Historic data are being assembled by the show committee. Old maps will be: displayed, indicating that building 2 | home 200 years ago was as much a; problem of finding the best site as it! 18 now. 8 | * The maps indicate surfaces of swamp- | dovered downtown sections which later | became home centers and finally the | ercial section. wmmlmlticns of the first clusters of homes show pioneers were anxious to refinements. ‘Two-car gagage. lot with many beautiful trees. Priced at $26,000 for Immediate Sale Your Inspection Invited TO INSPECT— out Wisconsin Ave. to Edgemoor lane or Comn. o Wis. Ave. to Edgemoor 1west on nnu;or‘l':-:,to."“hm CHAS. D. SAGER Realtor Main 36 924 14th St. NW. |5 Brick Fire Place Floored Attic Large All Oak Floors Slate Roof Electric Refrigeration Brick Garage Open Sunday After 10:00 AM. All Homes sold before completed. One Left To, get there—out Georgia Ave. to Longfellow St., east to 5th St., north on 5tk to Oglethorpe St., turn left to home. EDWARD C. BAKER TBIBESENWG L& e National 3601 4324 15th St. N.W. Open Sunday 1to 6 PM. The Propriety in se- curing this beautiful home of six rooms and bath, enclosed porches. et have unobstructed view of the harbor 2 B = L ern con- even when the arrival of ships was a yery ! : matter of great uncertainty. pnidnce. Priced<at; the Owner Might Take Small House In Trade HERE'S THE DEED S A This thoroughly modern home has every improvement and is less than b Voted DERE fEure Calll isee o o g e garage, v 16 s the icense Revisions Voted. : 0 , ) & ; Lic and convince yourself., Best“Aome ofierino n Ahis populer section. Coms out end ses'this sretty Revisions in the license laws of Ore- gon to increase the broker’s bond from $1.000 to $2,000 and to strengthen in- surance commissioner law enforcement were passed by the House with no dis- senting votes. ‘The revisions have also passed the Senate and been signed by Gov. Patterson and now go into effect. Two Good ' Investments 20% Net Cor. Building, 16th & Thomas Circle, 1009, leased. $10,000 cash buys this key property, subject to $22,500 trust. 25% Net 18th St. agd Columbia Rd, three - story building. 100% rented. $4,000 cash buys this valuable property, subject to $18,500 trust. Wm. B. Kraft 907 15th St. Main 9569 Open From 1 O’Clock Until Dark To reach: Drive out 5th St. to Oglethorpe (2 blocks north of Madison). HOOKER & JACOB 1 i Metropolitan 2663, F. A. Blundon Co. Main 10 805 H St. N.W. National Press Bldg. o YOU PRESENT YOUR LANDLORD WITH A CLEAR TITLE TO YOUR HOME EVERY FEW YEARS — WHY NOT BUY IT YoURSELF At Fort Stevens It Takes Only $350 Cash And But $55 Monthly. WHY don’t you quit paying rent and move into one of these attractive semi- | detached brick homes? They have six light ! airy rooms, large bath, built-in garage and | many other desirable features. Over 500 sold already. Come out today and see them. The Price, $7,850, Is a Bargain Office at 8th and Tuckerman Sts. NEW DETACHED BRICK HOMES $13,750 to $21,500 —frontages ranging from 45 ft. to 240 ft.! ] ! CONSERVATIVELY planned homes of substantial and lasting worth in beautiful North Cleveland Park. Red-;xcezi Pl;ice | 2017 3d St. N.E. Just OFf R. I. Ave. In All-White Eckington “; 421 Marietta Pl. N.W. Richness and Individuality are your first Impression when door to this Beautiful Model Home in Marietta Park Six rooms, Textone finish on all the walls, complete closet arrangements, some cedar lined, with electric you open the $500 Cash | o Nl 3629-35-39 WINDOM PLACE | ity Until 9 PM. || L : Bheniary ot SR Monthly lights, electric refrigeration, detached garage, paved Open Until 9 P. M ‘ (Just North of Bureau of Standards) ttractive six room brick {]| i : ’ ine. 1 . M. | 5 ¢ e Rt 3 Payments street. Two blocks from the 14th Street car line ; Open Sunday and Daily for Inspection and closed porches, extra bath in basement, entirely modern, Very Deep Lot Street and Alley Paved Robert E. Kline, Jr. Owner . 718 Union Trust Bldg. \ v Or Any Broker L TO GET THERE—Out Georgia Ave. to Tuckerman St., then one square east to office, or telephone Georgia 394 and we will send a car for you. WARDMAN 1437 K St. N.W. Main 3830 | .M.,Chcansfiury wANY INC. 38,950 DIRECTIONS: Drive out Georgia Avenue to Longfellow Street and turn east on Longfellow to 5th Street and north.on 5th to Marietta Place. Investment Building St. N\W. Exclusive Agents National 5904