Evening Star Newspaper, May 11, 1929, Page 18

4= ing materials rose one point in February . held in March, and during April ad- REAT ESTATE. THE EVENING STAR. WASHINGTON, D. C. SATURDAY. MAY 11, 198, '‘REAL ESTATE.’ CONTRACT RISKS SHON INCREASE Aitempts to Pass Along Ef- fects of Low Bid Prices Injurious. 5 taken by those contractors who cars” on the construction | material markets have been greatly in- creased during the past three months, according to a statistical study_just | completed by the Assoclated General Contractors of America. “The occasional practice of con- tractors who discount their bid prices in the expectation -of riding through to a final profit depends on the anxiety of subcontractors and material men to find an outlet for their services and products. This has frequently been shown to be bad business,” the A. G. C. states. “The figure for prices paid for build- to index number 189. That gain was vanced another point to indef 190. The comparison is with a base figure of 100 prevailing in 1913. BT IPYSNT DR, CARUSI ACQUIRES |C. E. TRIBBY BUYS movement, for costs remained level dur- ing April at index 204, according to this study. “The manner in which unethical or irresponsible contractors gambled in futures was through cutting bid prices | : _ i | owners for setting up proper depre Head of Education Board Buys Apartment of Twenty-one Suites Is| ERerd (00 seiiing up B eing of mm} gown to the point where they were as- sured of being low bidders on new proj- ects. By playing one anxious seller of material or service against another the attempt is then made to pass along the | effect of these low bid prices. “It was -also explained that the | quality of work that is given the owner seldom " interests thoss who supply the cut-price jobs.” SKYSCRAPER STUDY PLANNED BY EXPERT \Tacoma Building, Oldest of Steel Frame Structures, Now Being Razed. I ENGLISH HOME OF EARL COMPTON l What are the signs of old age in a skyscraper? How long should a mod- ern steel frame structure last? Which | | is the more, important in determining | the life of an office building, deprecia- tion or obsolescence? “An effort will be made to answer | these questions by & study of the Ta- | coma Building in Chicago, the world's first_steel frame skyscraper. The study | will be conducted by Paul E. Holcombe, | | research engincer of the National As- | sociation of Building Owners and 3 ers. Managers. | The data secured through a study of | the Tacoma Building as it is being 3 | wrecked, after nearly 40 years of serv- = . 5 — !!ce in Cglmgo's Ioog“ k’? m‘?lkewwny Igs This detached nine-room dwelling of brick English type construction has|3 new building which w wer been purchased by Earl Compton from the builders, Wenger Bres., through Boss | stories 2bove LaSalle and M:dl.;on & Phelps and Hooker & Jacobs. It contains three baths, a built-in garage and ;‘n"é‘.sfi o‘;vluclml;emax;\:g{ G n!fl l:m it is equipped with modern heating and refrigerating plants. e Real Estate Exchange Members De- ! clare It Has Been Built on ’ Definite Plan Always. | ITQ Bostonians make indignant de- nials. The Colonial stray calf city planning legend is heartily refuted by the Boston Real Estate Exchange, whose members declare that Boston streets from earli- est days have been laid out according to some definite plan, and while the results in the older parts of the metrop- olis may lack some of the precision and proportion of more recently pl cities, yet the development was a logi- | cal one and not a matter of following | cowpaths. | ‘The Boston realtors make this denial | in view of the fact that they expect | Boston to be a laboratory for the study of real estate when the National Asso- | ciation of Real Estate Boards holds its | annual convention there, June 25 to 28. | “The earliest streets were lald out to follow the shore lines and the hills, and this faet accounts for the tortuous irregularities which make them not only picturesque but which offer interesting real estate problems for the study of | the delegates of the convention. buildings and practically all the newer “The convention headquarters hotels, || many of the most important public| BOSTONIANS DENY STORY |5 CAL'E LAIDIOUT HUBICITY;| =i b et e S0y 1 | dictrict. The streets of the filled-in area have followed the de- velopment usual in American cities and ents of the city have been present an interesting contrast to t§ on the 570 acre$ added to the early Bosten,” Ba winding streets of tonians declare. DETACHED Modern Homes $7,950 $500 Cash, $60 Monthly WOODRIDGE, D. C. 3021 OTIS STREET NORTHEAST ‘We are pleased to offer such remarkable value in detached homes in this popular section of WOODRIDGE. We know of no other homes that compare with these so reasonably priced. . The lots are very large and the house is thoroughly modern in every detail, including six bright, sunny rooms, three porches, hot-water heat, built-in bath, completely equipped kitchen and hardwood floors. An inspection will convince you that these homes have more value for your dollar than any you have seen since the war. E i ARCHITECTS APPROVE | PLANS FOR PROJECTS | Council Passes on Dwellings and| Store to Cost From $10,000 to $16,000. ‘The Architect's' Advisory Council, at & meeting in the office of Maj. Donald A. Davison, Assistant Engineer sioner, approved architectural plans for the following new projects: A dwelling for 1319 Kalmia road, de- signed for N. L. Sansbury Co. by George T. Santmyers, to cost $10,000; a store for 3653-55 New Hampshire avenue, de- signed for the Kass Realty Co. by Har- vey Warwick. to cost $15000, and a | dwelling for 1332 Holly street. designed for E. W. Snoots by Luther R. Ray, to $1! JAMESON-BUILT NEW HOMES | _ Ready to Move in—§, On Easy Terms 4 CHOICE LOCATIONS e e T 925 Quincy St. NW. 1528 D St. NE. Ave. NE. 410 Douglass FOR SALE BY THOS. A. JAMESON CO. 906 New York Ave. NW. “Ask the Man Who Owns One” Chevy Chase Gardens A new detached center - hall plan brick residence of brick and shingle construction—7 rooms—2 baths —2 open fireplaces — attic—pantry— built-in garage — 4632 Open Sunday. Country Club grounds. 1418 Eye St. NW. HUNT $14,500 Drive out Wis. Ave., opposite Chevy Chase See sign on Exclusive Agents 13TH STREET HOME“ Residential Property Near His Other Realty Holdings. Dr. Charles F. Carusi, president of the Board of Education, has purchased mont street, have been purchased by C. ‘I | the residential property at 12’!-23!!. Tribby from E. M. Kitchin, it Wll‘ Thirteenth Plugge, it was announced today. Thejfi. nllrry, | tion. purchase price was not made public. | O St L ‘public. Dr. Carusi also is the owner of prop- | erty at 1225-27 Thirteenth street.and is | holding the four lots, comprising about 15,000 square feet, n investment. LICENS;LAW SIGNED. Pennsylvania Governor Approves Real Estate Act. The Pennsylvania real estate brokers’ lcense law, which will hereafter make license compulsory for those acting as real estate brokers in that State, has just been signed by Gov. Fisher and now goes into effect. ,/The Pennsylvania Real Estate Asso- ciation, local Pennsylvania boards and the National Association of Real m. Boards have co-operated in their efforts to bring about passage of the bill. . Real estate license laws are now in operation in 25 States in this country. | 7-and '8 Large Rooms A11 houses ey tile bath, built- in tub, sesvamts’ toilet. wide vear and front porches. Second floors each houte. FRIGIDAIRE WITH EACH HOUSE 55-ft. frontage AVENUE street from August H. \' announced today by the office of David | Christian Church, will structure, containing 21 suites. will hold the property as an investmen information as a part of its presenta- tion to the Bureau of Internal Revenue | in seeking to arrive at a proper basis | for allowing depreciation deductions in THE INGLESIDE income tax schedules filed by office { buildings throughout the United States. | .. The information will likewise be pub- | lished to furnish a basis to prvwfiy; cla- Purchased as an buildings. Investment. RN “MOTHER,” SERMON TOPIC | The Ingleside Apartments, 1651 La- | Ninth Street Christian Pastor An-| nounces Morning Subject. Dr. B. H. Melton, pastor of Ninth Street i ) have as his which handled the transac- |mnrmng subject tomorrow ““Mother,” or consideration in the deal |a sermon dedicated to mother. In the | - icvenlng there will be a sermon, with ‘The apartment is & three-story brick | special music and baptism. apartment | The Alpha Christian Endeavor So- 1t is understood the new owner | ciety will give a play, entitled “Paying the Fiddler,” Tuesday evenin The else in the Northwest Where can you find a beautiful SEMI-DETACHED HOME for With All These Features 5250 ® Big Daylight Cash and 59 Twin Laundry Trays Monthly Hot-Water Heat Come Out Sunday and Autematic Het- Water Storage Inspect These Fine Homes _Shapiro NEW DETACHED BRICK HOME SHEPHERD PARK English Porches Breakfast Porches Latest Tiled Baths Built-in Tubs 2 Blocks to 14th St. Car Line 4 Blocks to New Junior High School 4 Blocks to Graded School 2 Blocks to 17-Acre Park 2 Blocks to Stores Furnished EzRhibit Home 421 Marietta Place N.W. Open Daily Until 9 P.M. Drive out Georgie To Inspects ;.." Lonssetion Strest—east to BtA then two diocks morth to Marietts Plece, or take 14th St. car marked “Takoma" to Sth St.. then walk 3 squares morth to Marietta Plece. FOR RENT First Floor Office 14th St. Between Eye and K Sts. NW. Desirable, well lighted, two a block to your left and see our open sign. Realtors National Press Bldg. OPEN SUNDAY FROM 10 AM. TO 9 PM. And Every Day from 2 P.M. Until 8 O’Clock To reach—Drive out Rhode Island Ave nue and turn left one-half square inside the District Line, or take car going out Rhode Island Avenue to District Line and walk half - HOOKER & JACOB Phone Metropolitan 2663 large rooms, private lavatory; suitable for real estate or simi- lar business. Can rent furnished or unlumix)ud‘ Rent very reasonable - B. F. SAUL CO. Main 2100 925 15th St. N.W. BURLEITH Washington’s Most Successful Com.mum'ty. of Reasonably Priced Fine Homes stands out in the minds of thinking, thrifty people 3721 R St. N.W. Ofen Sunday for Inspection OLONIAL Architecture—delightful surround- ings, near Western High School. This home 6 fine rooms—3 are bedrooms—a tiled Colonial el, hardwood floors through- out, and a large ment with laundry tubs. Completely equipped kitchen—hot-water heating system, automatic hot-water heater and beautifully designed interior woodwork and decoration com- plete this marvelous dwelling. TRINIDAD 1287 Owen N.E. Open Every Day & Evening Six rooms and bath, built- in garage, sleeping porch, breakfast porch. New, with | | all modern conveniences. Gruver Built! THRIFT BUILDING CO. Union Trust Bldg. Main 6799 Or Any Broker Of course, it is ideally located on an attractively landscaped lot. Attractively priced. $8,750. “Inspect This Home—Take a Burleith Bus Today™ Burleith is easily accessible to downtown shopping districts via the Burleith bus—and at that, only a 14-minute trip. HANNON: & LUCH, o Hii (¥ First Time Offered—Open Daily. Till 9 P.M. 1437 IRIS ST. —Just off 160 Without & doubt one of Washington's most beautiful restricted sections. This artistic new home is situated on large lot, surrounded by fine shrubbery, and contains every modern appointment desired. Besides the splendid recep- tion hall, the first floor contains large living room, with open fireplace, extra-large dining room, sun parlor and kitchen equipped with one-piece sink, white enameled range, built-in fixtures, etc. Off the kitchen is a large pantry, with splendid large Frigidaire. The second floor contains four large, bright bedrooms and two baths, one complete shower. - Floored attic over entire house. Slate roof, large front porch and rear service porch. Splendid front side and rear yard. Built- in garage, light, dry basement, new model hot-water furnace, automatic hot-water heater, extra toilet, etc. Your heart's re in this besutiful home. Priced right for immediate sale. Don't fail to inspect it today or Sunday. To Inspect—Drive out 16th past Alaska Ave. to Iris Street, thence east one house and see the fnest home in Washing- ton for the money. left at Humt Ave. Qansbury PANY INC. National 5904 METZILER Realtor—Exclusive Agent 1106 Vermont Ave. Dec. 58 Wilson Lane & Del Ray Edgemoor, Md. S e Brand new, just completed—and modern to the minute. Stone and frame, on a big corner lot—110x77 feet—with separate garage —and attractive planting. Two Homes in Edgemoor and Leland Here are two very exceptional homes — delightfully located—and can be bought on most favorable terms 4411 Stanford Street Leland, Md. It's a perfectly beautiful home;‘und has had exceptionally good care and attention. The neighborhood is delightful—and conven- ient to stores, school, churches, etc. Six rooms, bath with shower; stone open Brick construction, fireplace; built-in china closet in dining room, and built-in refrigerator in kitchen. Hard- wood floors; closets every where, and big ones they are, too. All rooms of excellent size; big side porch. $14,5 Terms you can handle easily stripped; detached garage. pretty planting. Makes it a bargain. Turn into Wilson Lane one square beyond the Bank at Bethesda—and the home is on the southeast corner at Del Ray. Open Sunday From 10 A.M. to Dark CKEEVER::GOS [(REALTORS ] Deal with a Realtor 1415 K Street Maximu ervice with 7 rooms and modern bath; hardwood floors; spacious . porch; hot-water heat; screened and weather- Corner lot, 70x140 feet, with trees and Price Will Be a Surprise and terms interesting . You'll be missing an exceptional oppor- tunity to buy an ideal home at an unusually low price unless you see this home. Turn right from Wisconsin avenue into Stanford street just below Bradley Lane. R T R T g National 4750