Evening Star Newspaper, May 11, 1929, Page 17

REAL ESTATE" DETACHED—STONE HOME SROOMS §]4 5O \EARITH ST 2 BATHS THE RESERVOIR Open ROCK CREEK MODERN Montague Street N.W. PARK 1347 Lot 50x1321, 35-Ft. Concrete Front Porch ‘Wonderfully constructed with heavy. s, which means warmth in the Wi and cooiness in the Summer. Remember, 3 of its 6 bed- s sleeping porch are on the first flo Its delightful fine fireplace, and the high-class loeation with CHURCHES, CAR d BUSSES. ldren. o in_excellent condition. Wilh home right in the cits: its rn_an real suburl almost a Summer home with flower EASY TERMS PAUL MAGOFFIN 317 Woodward Bldg. Phone Main 3023 FURNISHED CLEVELAND PARK EXHIBIT HOME * 3518 PORTER ST. Open Sunday and daily unti] 9 P.M. for your inspection * EW detached brick residence, consisting of 8 rooms, 2 baths, first floor lavatory, maid's room, oil burner, electric refrigerator, copper screens, open fireplace—with brick garage. Lot 150 ft. deep. High elevation. Near John Eaton School and new Cathedral. $19,750 Completely Furnished and Decorated by W. B. Moses & Sons . shu Nk Sanm ny 1418 Eye St. NW. Nat'l 5904 Owners—Buslders THE EVENING STAR. WASHINGTON. D. C. fiA’I’rRDA‘Y. MAY" Y17 1998 APRIL CONTRACTS - OVERG42 MILLIONS Total of 37 Eastern States Second Highest for Month on Record. | New construction work contracted for {in the territory east of the Rocky | Mountains during the past month | reached the second highest April con- | tract total on record and was the largest monthly construction total that | has been recorded since June, 1928, ac- | cording to F. W. Dodge Corporation. | Building and engineering work con- | tracted for during the month of April in the 37 Eastern States amounted to | $642.060,500. This figure was almost | equal to the April, 1928, total and it | was 32 per cent ahead of the March, 11929, total. | | _Of the eight districts reviewed below, Texas was the only territory showing a | decrease when compared with the pre- ceding month’s records, and five of the districts had increased contract records when compared with the April, 1928, records. Analysis of last month's building a:.i | engineering record showed the following important classes of work: $256,179,700, or 40 per cent of all construction, for | residential buildings; $152,126,900, or 24 per cent, for public works and utiliti $77,988.400, or 12 per cent, for commer- cial buildings, and $68,229,500, or 11 per cent, for industrial projects. During the past four months there|to the statutes of the various States.| was $1,897,889,800 worth of new con- | struction work contracted for in the 37 States east of the Rocky Mountains, which was a loss of 11 per cent from the amount contracted for during the corresponding period of last year. New work reported in contemplation in April reached a total of $940,249,100 This figure was 6 per cent in excess of the amount reported in the preceding month and it was 13 per cent ahead of the amiount reported during the corre- sponding month of a year ago. | Public Buildings Swell Totals. | April construction contracts in the | Middle ~Atlantic _States (Eastern Pennsylvania, Southern New Jersey, Maryland, Delaware, District of Co- {lumbia and Virginia) amounting to i!l08‘136,700 ‘was the largest monthly total ever recorded in this district. | The awarding of several large contracts |in the commercial buildings, public | buildings and public works and utilities classes helped to make last month'’s to- tal break all previous records. Analysis of the April contract record showed the following noteworthy items: | $35,232,400, or 33 per cent of all con- struction, for residential buildings: $22,992.200, or 22 per cent. for public works and’ utilities: $20,580.700, or 19 per cent. for public buildings, and $12,035,400, or 11 per cent, for commer- clal buildings. New buildings and engineering work contracted for during the first four months of this year in this territory | reached a total of $264,719,000, being a loss of 2 per cent from the amount contracted for during the correspond- ing four months of 1928. Contemplated projects as reported last month in the Middle Atlantic States amounted to $94,773.700, which was a loss of 21 per cent from the : | ferent States. REXT ESTATE" b Home ownership is so clearly recog- |nized as advantageous to society as a whole that county governments give the holder of real estate greater leeway in the payment of taxes than he is given | 16r the payment of any other bills sub- mitted to him during his lifetime, the National Association of Real Istate Boards states in its weekly bulletin on realty subjects. | operate to help the home owner keep | his property even when it falls into the | hands of professional “tax buyers” who | make a business of settling the bills of delinquent property owners, What happens when a “tax buyer” pays your taxes? The association torney of Chicago, on the subject. Pay your taxes promptly, or some one | else may pay them—not to aid you, but {to place a lien on your property, and thereby cloud your title, says Mr. | Barney. | Tax Buyers Operate. | Professional “tax buyers” operate in |every part of the country, and the owner who falls into their hands can- not sell his property or borrow money on it until he redeems his holding: | which is usually a costly proceeding, states tho tax expert. “Propeity taxes are due once & year in each State. Property owners are | given a certain length of time to make | payments, the time varying in the dif- Owners who have not paid their taxes at the end of this period are declared delinquent, and are penalized so much per month, according At this period the county treasurer | publishes a list of the delinquent tax payers and declares in this announce- ment that within a certain time (vary- ing in the different States) application will be made at the proper court for judgment and order of sale on all prop- erty upon which taxes have not been paid at the date of judgment. And vhere is one place where the statutes in all States were drawn to protect the interests of the property owner to keep his property. “After such publication the delin-| | quent_owner is given another breathing | spell before the tax buyer can reach him. He has from the time of the granting of the judgment to the time of the actual ‘tax sale’ to pay his taxes. And this period, varying in the differ- ent States, is usually a matter of weeks. During this time the owner can still pay his taxes, together with the monthly penalties described above provided by | the statute. “It is at the tax sale the ‘tax buy- The county the county | ers’ begin their activities. | treasurer, together with $15,000,000 hotel to be | York City. i The New England States had $40.- | 930,200 in contracts for new building and engineering work during the month of April. The above figure was 28 per cent in excess of the preceding month's total, but it was 10 per cent less than the total for the corresponding month of a year ago. Pittsburgh District. The Pittsburgh district (Western Pennsylvania, West Virginia, Ohio and Kentucky) had $61,031,200 in contracts | for new buildings and engineering work | during the past month. The above fig- bullt in New Home Owner Given Tax Leeway The statutes in the various States| | quotes Ervin R. Barney, special tax at- | | Statutes in Various States Operate to Aid Householder | Retain Possession of His Property. | | | clerk, offers for sale all properties upon | | which the taxes are delinquent at that | | date. Tax buyers make their money by | |adding to the sums due the county | | and which they pay for the delinquent | | owner additional penalties which must | be paid to them by the property owner | The penalties exacted by | the tax buyers are regulated in all| | States. For example, the State of Illinols ' | permits a tax buyer to ask a maximum | penalty of 12 per cent every six months | for a period of two years from the | | owner whose tax bills he has paid. | However, there is competition among | | the tax buyers and sometimes it is not | possible for them to secure the maxi- mum rates. At the tax sale there is competitive bidding among the tax buy- ers; if a property up for sale for delin- quent taxes looks good to a buyer, he may bid under the maximum rate in order to try to get the property away from & competing tax buyer. The | | statute rate may be 12 per cent and | one buyer may bid 12 per cent, an- other bid 10 per cent and another bid 7 per cent. The property goes at tax | sale to the tax buyer making the lowest | bid. In the illustration used above, the tax buyer bidding 7 per cent would get the property. This is another | effort of the local governments to pro- tect the property owner by giving & lien on his property to the tax buyer who will exact the least from him. | | “The statement that the property “goes to the tax buyer’ at a tax sale does not mean that the tax buyer gains | possession of the property through this | process, or that he can take it over| | and move out the owners. It means | ‘thlt the proper authorities will issue e tax buyer a tax certificate which | | clouds the title to the property, there- | by hindering resale until this lien is removed, and makes it impossible to put | A mortgage on it or borrow money on it from any reputable bank or broker. “If the property has not besn re- deemed in the two-year period (this period varying in length in the different States), the tax purchaser is entitled | to a tax deed, upon complying with certain provisions in the statutes, these | provisions having to do with giving sufficient notice, etc., and varying in the different States. “Now the tax buyer adds new penal- ties to the bill he holds against the property owner, which must be paid before he will release his lien on the property (represented by the tax deed). In some States there is no limit to the amount the tax buyer can ask for re- lease at this period; other States regu- | late this figure. | “In some States, after a certain pe- | riod, the tax buyer holding a tax deed | cen gain possession of the property if | he has complied with the provisions | covering this subject in the statute. But every effort is exerted on the part of officials in such States, through the statutes, to protect owners in such a position by making it difficult for this | to happen. However, it does happen. | .,"“Tax buyers are not unscrupulous | Shylocks, They conduct a legitimate business and are an aid to local gov- | ernments, because without them thou- sands upon thousands of taxes never | would be collected, and revenues would | be_consequently curtailed. It was re- | ported many vears ago that a group of | officials, including members of the | bench, in Cook County, Ill., went to a | group of tax buyers and asked them to | for release. March, 1929, total and a loss of 13 per | ure was 15 per cent ahead of the March, | make as many purchases as they could | cent from the April, 1928, total. New construction contracts awarded during the past month in New York State and Northern New Jersey reached |'the second highest April contract total | ever recorded for this area.” The total. | $169,079,700 in amount, was 52 per cent ahead of the March, 1929, record and it was 12 per cent in excess of the total for April of last year. Included in last month’s total were several large con- tracts for subway construction and a 1929, total, but it was 19 per cent less | than the total for April, 1928. New bullding and engineering work contracted for in April in the Central West_(Iliinois. Indiana, Iowa. Wiscon- | sin, Southern Michigan, Missouri, Kan- sas, Oklahoma and Nebraska) amounted to $169.239,100. This figure was 6 per | cent ahead of the total for Maych of | this year, but there was a loss of 10 per cent from the total for April of last year. Shannon & Luchs, Inc., Announce ONE of WASHINGTON’S SHOW PLACES will be open for Public Inspection on 4817 Blagden Avenue To Reach—Drive out 16th Street to Blagden Ave., and drive west to this residence. in order to fill the coffers of the county, 59 their salaries might be paid.” Four Traffic Lights Ordered. The District Commissioners yester- day ordered four traffic lights installed | at the intersection of Connecticut and | Rhode Island avenues, on recommenda- tion of Traffic Director Willlam H. Har- land. The installation will cost $270.64. | | Mother's di mm ating the | anniversary, will be tinued Sunday. CLASS TO BE CONFIRMED | 20 ey o1 he hanine of | The other.services:for son aay iiss AT ASCENSION cHURCHithe corner stone of the church, at holy communion at 8 am. church Twelfth street and Massachusetts ave- |school at 9:30 a.m., Chinese school ut Due. by the preseatation of u large con- |3 S‘""‘a"%" Young Psoples at ¢ am, X firmation class op 0 ne | followe: evensong service at 8 mm, BETVIGEE« On " MOtHREIS ™ Dy = WL 1oees it el eI NE IS AL 1 min: I THs | with'et iecaienl is the sixth class presented by the rec- |of “Mother” by th c st Layin tor, and will number about 35 candi- | 3 S A L8 | dates. Bishop Freeman will preach. Montreal, Canada, is to have & new The rector, Dr. T. W. Cooke, an-| The gold and silver offering begun | seminary buildings of which will cost nounces services at Ascension Church 'on Ascension day, commemorating this more than $3,000,000. dress on the subject Commemorate Anniversary of rector. 7 Deciding Factors for Home in CK CREEK PAR ESTATES I Number Three Park Frontage OR a mile and a half along j Rock Creek Park itself these hundred homesite acres blend their beauty with its glades and prom- ontories, making them truly a part of the park. No home could have more guarantees, given both by nature and by man, for the everlasting ap- peal of its environs. Here is sylvan sanctuary from city’s din, without leaving the city. Enhancing values and prestige of address are not only assured by location and permanent restrictions. They are further indi- cated by the fact that the William P. Lipscomb Company, builders of em- bassies and fine homes, have been se- lected to embellish the natural beauty of the estates with residences in har- mony with the surroundings. The 7 Home Features of ROCK CREEK PARK ESTATES Pride in Your Ad- Over 100 Acres Certi- fied Against Becom- ing “Citified.” 1%; Miles Fronting Rock Creek Park. Protective Restrictions Safeguarding Invest- ment. Exclusive type homes by Wm. P. Lipscomb Company. Every house custom- built and approved by jury of architects. City’s most beautiful approaches — via 16th Street or Beach Drive through the Park. Price these some sites at our downtown office —learn their many features possessed by no other property—see them Sun- day. 4 You Enter the Estates at 16th Street and Kalmia Road Office on Property, 1603 Kalmia Road Telephone Main 5700 for an Inspection Appointment Edson W. Briggs Co. Owners 1001 15th Street at K Sunday from 9 in the Morning until Dusk HIS gentleman’s estate—its wooded lawns and gardens, and the spacious and pic- turesque Italian residence, will be open on Sunday so that you may leisurely familiarize yourself with what we consider to be one of the most desirable prop- erties in the District. y The home, of course, is modern in every respect and will be adequate for a family who must at all times be in possession of a hospitable establishment. The grounds have a 300- foot frontage on Blagden Avenue and the above photograph but poorly shows their real beauty. We Urge That You Avail Yourself of This Opportunity to Visit This Home Exclusive Agents.