Evening Star Newspaper, April 6, 1929, Page 15

HOME 1S FAVORED {"® st are tevice AS LOAN SECURITY Companies’ Reports on Poli- cies Show Single Dwelling Unit Is Favored. An outline of real estate loan policies of 74 leading life insutance companies, issued by the National Association of Real Estate Boards from statements made by presidents of the companies, is being sent”to members of the Brokers and Mortgage and Finance Divisions of the national association. The 74 re- ports represent 90 per cent of the life insurance companies from which money is obtainable for real estate projects. Where a discrimination as to the type of property on which loans are ,made prevails, the time-honored family home takes precedence over every other type of property in the loaning prefer- ences of the majority of the companies. Of the companies reporting, 69 make Joans on single dwelling units, thus placing the home as the most favored of all real estate as an excellent secur- ity for loans. Only seven companies loan on all types of property. Commercial buildings were included as security in the loan policies of 64 companies. The duplex dwelling lp- parently is looked upon generally with favor by the life insurance companies. Sixty-two companies give loans on du- plex dwellings. Next in favor came the two-apartment building, on which 58 of the companies loan. Farms and combination apartment and store build- ings tied for favor in the loan policies of the company. Both types of proper- 1ty are loaned on by 51 companies. The large apartment building is listed in the loan preferences of 46 companies. In- dustrial property is now included in the types of property on which 19 of the companies make loans. Two companies reported their willingness to loan on churches. Ranches and plantations, hos- pitals and country clubs were specifi- cally included as eligible property on which to loan by one company. The value of the loans made, calcu- latedson a percentage of the value of the property given as security, or on @ maximum sum basis, likewise varies greatly. The majority of the companies will loan 50 per cent of the assessed value of the property, but one company ‘will loan only 30 per cent of the value on farms, while another reports loans @5 high as 662-3 per cent of the as- sessed value on single unit dwellings end commercial buildings. . Skyscraper Hotels Spread. Bkyscraper apartments and hotels are spreading fast aver the last of the ex- clusive old private’ dwelling sections of ‘New York City. Newly Elected Realtor- Willl Spe- cialize in Business Prop- erty Leasing. Carl G. Rosinzki, menager of the chain' store leasing- department of Weaver Brothers, until " recen hu opened a real estate' office mmnuthtnmfllmo!m Building. He Mr. Rosinski recently was elected & member of the Wi Board. He is a meml bar, a graduate of Georgetown Univer- sity and been employed in réal estate work here more than nine years, ‘The young realtor is a native Wash- ingtonian. ADVISORY COUNCIL APPROVES BUILDINGS Architects Pass on 13 Homes, an Apartment and Business Block. The Architects’ Advisory Council, dur- ing the past week, at a session in the office of Maj. Donald A. Davison, As- sistant Engineer Commissioner, ap- proved architectural plans for 13 new residences, an apartment house and a business building, as follows: ‘Two dwellings for 1352 and 1360 Iris street, costing $24,000, owned and de- signed by L. E. Breuninger & Sons; an automobile sales and show room, 916 Bladensburg road, costing $30,000, to be owned by the Northeast Motor Co., and designed by A. B. Mullett & Co.; l dwelling for 3503 Fulton street, cos $16,000, to be erected for John P. Ntfl and designed by J. W. Kearney; dwellings to be erected at 2227-35 And 2226-34 Thirty-eighth street at a cost of $50,000, ror Cooley Bros., from plans by George T. Santmyers: and an apart- ment house for 208-10 Massachusetts tion Co., from plans by Harvey Warwick. “DUTY” IS SERMON THEME Rev. J. H. Dunham’s Morning Serv- ice—Will Preach in Evening. Rey. J. Harvey Dunham, pastor of the Western Presbytetian Church, H street between Nineteenth and Twen- tieth streets, will take for his subject tomorrow morning at 11 o'clock “Dul and in the evening at 8 o'clock * '.l'lllvg G‘m:l" tional ting e annual congregational mee! wfll be held Thursday evening. The onthly meetinlgl of the Ladies’ Aid society wilt be held Tuesday night at time new officers will be elected. IN OLD CHEVY CHASE - 8 E. LENOX ST. Greatly Reduced in Price! > AN aristocratically located residence in a setting of un- usual beauty, less than a square off Conn. Ave. in exclusive old Chevy Chase, where there is seldom a home for sale . . . Nine rooms, two baths, spa- Open Sunday 10to 6 cious front and side porches, butler’s pantry, two open fire- places, hot-water heat. In splendid condition throughout. Two-car garage. Lot 85x125. Beautifully landscaped grounds. > Drive out Conn. Ave. two squares beyond Chevy Chase Circle and turn right on E. Lc=nox to house. H. L. RUST COMPANY 1001 15th St. N.W. 4601 Elm St., Chevy Chase, Md. HERE is a home to dellghl the most dlmmhu ing. New—never shown before: Six well-pro- portioned rooms, cozy open fireplace, large porch, tiled bath with builtin shower, inlaid - linoleum, bronze screens throughout. House is well placed on ln;e lnt 60x115 fee( in new section of Chevy Chase. Entire grounds sodded and - beautifully landscaped, large rear yard with towering shade irees—and, of course, a.snug garage harmonizing with color and design of house: $10,750 Drive out Wisconsin Ave. to Leland St., just heiond Bradley Lane; turn east on Leland one blocl 46th Street, then north two blocks to property. Small cash payment and $77.50 per month Inspeet this and other attractive Warren Homes todsy in LELAND The Community of Contentment v Another WARREN Development Down in Meadow -Lane Is This Home of Your Dreams FROM the moment you enter this white Colonmial with green shutters you will be entranced with its ideal arrangements, its: spacious, well proportioned rooms. On the first floor is a great wide living room running the full _depth of the house, with a stone fireplace for Winter evenings. Across the center entrance hall are the dining room and_kitchen. The fully lighted and ventilated cellar also cofitains a built:in heated garage. On the second floor the master bedchamber is really that—in the same propor- tion and size as the living room beneath. Two other large bedrooms are on this floor—and, of course, there are two full baths. But no detailed description or photograph could hope to give you an inkling of the allure of this Home of Dreams. Though surrounded by pretentious structures r-nnmg well 2 PLEASURE and PROFIT are yours for the taking in this " WARREN STREET HOME in North Cleveland Park A FEATURE of this desirable home is the spa- cious livin groom 19%3x15Y, feet, with open fireplace. The six rooms and two baths are ideally arranged and well proportioned. There are double rear porches, built-in garage, two fully tiled baths, commodious closets, bronze screens throughout, and a model kitchen with built-in cabinets, Frigidaire, and other special features that set it above anything available today. You will be delighted when you inspect this or others of these Warren-built Homes. Priced at $13,750 and $13,950. into seven figures, this Meadow Lane Home by Warren holds At $17.500 Terms are quite reasonable. its _head high and is enhanced by comparison. it is.a most desirable purchase. Be sure to see this home today or tomorrow—lest you be too late. Drive out Connecticut' Avenue beyond Bradley Lane to Leland Street, turn Iéft ome block, then turn right to property—or phone Wisconsin 2875, 6903 Meadow Lane yYeAnother WARREN Development. HW%H-H—H—H—!WWWH + A CAREFREE INVESTMENT PRESTIGE.... may be reflected in manner, in speech, n appearance . . . and frequently in one’s home address. For instance, at Sixteen Sixty-One Crescent Place you are assured, not tm’y of co-owners of fiommma and standing in the community, even in the councils of the Nation . . . not on7y of a quiet dignified atmosphere pervad- mp your entire surroundings . . . you are like- wise assured of the prestige now associated in the minds of most people with.this address of -distinction in the -Embassy Section- of Washington. You are assured, too, of a home as delightful and well arranged as you could possibly wish v o of all of the many advantages.and eco- nomies of home ownership without the usual bother and care involved. There are bu! three co-oferative apartment homes remaining unsold of the 55 consti- tuting 1661 Crescent Place . . . two of five rooms, and a Duplex (2 floors ) of seven large rooms: Inurnl and operating charges are low, ranging from $72.76 up, v'uc’u‘y'n' all Aa expenses. er inspection today or. tomarrmo_ is invited while all three apart- % ments are available. #1661 CRESCENT PLACE Enter Crescent Place -from 16th Street, between Henderson Castle £ and 2400 16th .strm . or Tele- phone Adams sk Another WARREN Dcn’nfimut BUNGA'LOW: HOMES 1423 to 1427. ]-clinu Slreet N.E.. R i e e e ) B o e e e e 20 SPR]NG is here ~—and with it warmer and brighter sunshine, budding trees, a flash of eolor and a trilling of feathered visitors ‘and all the things that arouse in us a love for the Springtime beau- ties of nature. The residents of Tilden Gardene find Spring a particularly happy season. And well they might, for ‘at their very doors and windows is one of the loveliest landscaped and natural gar- dens in or near Washington. Only the most pretentious. and elaborate estate could boast a finer one. Drive omt Wisconsin Avenue to Warren Street (at Riggs Bank Branch), turn east to 37th Street—or phone Cleveland 4472.” Open Saturday and Sunday to 9:30 p.m. WARREN STREET HOMES in North Cleveland Park *Another WARREN Developmen!. Center Gardens and Reflecting Pool at Tilden Gardens < At any hour of the day or evening they may wander along the Garden * pathways, or rest beneath the stately trees in 'the ‘peace and quiet of this beautiful spot.. The Gardens are but one of many attractive and unique features at Tilden Gardens—one of many CAREFREE enjoyments pos- sible _through . co-operative owner- ship. p Today or tomorrow come out to see for yourself how truly beautiful the grounds are, and while you are here, inspect the furnished exhibit home in the latest building of the group. You will enjoy both. ; 3645 Warren Street, North Cleveland Park -I_HE city home of today is the apartment. For those to whom the petty worries and bothers of in- dividual house mainte- nance ‘and operation are distasteful it affords com- plete FREEDOM FROM CARE. But there are many advantages and economies in home ownership as against renting. In Tilden Gardens you will find a happy combination of all of the advantages of apartment residence with those of individual home ownership. The high character and stand- ing of those who have pur- chased co-operative apartment homes in this unique develop- ment, as well as in other War- ren co-operative rojects, is highly aleficm!, !:ie:le:nllr ing beyond question that this new type of home ownership appeals strongly to and thor- oughly satisfies the shrewd business sense of the well-to-do and more intelligent classes of our community. An interesting boeklet brisfy explaining Co-operative Apart- ment Home Ownership, and a list of recent purchasers in Tilden Gardens, will be mailed on request. : TILDEN GARDENS Van. Buren Street at 16th XTRAORDINARY values are of- fered in these upper Snneemh Street section homes, situated just a square and a half from the Par goll' _course and half a square from Rock Creek Park itself. Each -has four delightful rooms downstairs and four bedrooms with two complete baths upstairs. The de- sign is tie -popular center-hall plan, with attractive side entrance. Among the numerous features and refine- ments are x::; lnl fiunznu uul ipment, the t-in yr eq::nllg large flmd an mlmk the charming grounds. Open Dbsly .le 9 P.M. south mhllfilfi%mm‘“’m Phone Wisconsin 28' T Connecticut Avenue at Tilden and $6,500—$48.50 Per Month , ; of the U. . Bureau of Standards—T Y Another WARREN Diuhfm ent YeAnother ‘WARRBN Dwelopment ick Streets, ji phone Cleve 925 15th Street N.W.