Evening Star Newspaper, February 8, 1930, Page 14

REAL ESTATE.’ THE EVENING STAR, WASHINGTON, D. C., SATURDAY. FEBRUARY 8. 1930. + REAL ESTATE. B—2 GUVERNMENT TAX I COLNIAL HOME RECENTLY COMPLETI‘?D AT F‘Ampr A Aslf:r;::mE:NsTAl?r?"s | & 3 o i . _ under the management of B. F. Saul Co, | were taken. One hundred and fifty ap- ) 4 - 3 E . Work Started During { ! , This Winter. WOULD REGULATE |for compietio o purp ¢ 500 Per Cent Rise Cited by . . 4 ; . e iBIL[{!EAL ESTATE DEALERS' = = The purpose of the conduct the survey. Steady progress is being made in lh!l le‘n examination 15 to determine the applicant’s familiarity with the principles of real estate practice. States and two Canadian provinces. Such a law became effective January 1, in_Wyoming. The new Michigan law requiring ap- plicants for brokers' licenses to take a qualifying examination became effective for those desiring it, and the services last August. During the following four | of a resident manager. The building is months, a total of 217 examinations leted buil will' have a m mt:nt of 3,200, cubic feet. S| modern_features include 24- hour elevator ?ndmswlwh!:nn:;? :ecx;?'c"e. e — heated garage in the basement, o Wilmington Survey. rs; semi-hotel service 0 modating 133 Cv The Wilmington (Del) Real Estate Board announces that its third annual housing survey of all residences, includ- Educator at Board | SN . &~ 4 \ % | t SoRNE| | consiruction of tne iargt "sadiion Session. Tax totals for State and local govern- | fments increased over 500 per cent from | the year 1902 to the year 1927, but in | the same period general property taxes increased 641.5 per cent, Prof. Simeon | E. Leland of the University of Chicago | informed the National Association of | Real Estate Boards at its Tecent conven- | tion. at Phoenix, Ariz. | “The fundamental issues underlying | State and local taxation are largely identical, regardless of the locality con- | cerned,” - Prof. Leland said. “Every State employs a property tax in some form. Every State imposes corpora- tion taxes. Seventeen States impose individual income taxes. Sixteen States impose corporate income taxes. Sixteen States have low-rate taxes on intangi- bles, and so on. “The universality of the property tax is alone sufficient basis for united ac- tion and organized research. “The first task of any organziation | is a lar e bemen recently completed at Fatsfax, v ouse was erected under the supervision of buildings of the town. The dw‘:lln: contains 10 rooms and 3 baths, including an inclosed and heated sun parlor. There ‘ge billiard room in a wing at the rear. Alban Towers, located at 3700 Massa- | chusetts avenue, opposite Washington | Cathedral. and the new unit is expected |to be completed early in the Summer, ! “The original building, consisting of 1132 apartment units, was completed in the Pall of 1928, and the new addition | was started this Winter. Baer & Scholz |are the owners and operatcrs. ¢ The new addition, containing 84 japartment units, will bring the total |size of the enlarged operation to 175 | s Kentucky Plans Creation of Com- mission and Control | of Brokers. ! A bill to create a State real estate commission_and regulate real estate | brokers and salesmen in cities of the first, second and third classes has been introduced into the Kentucky State Leg- islature, and a bill to license real estat | brokers and salesmen is to be intro- Deming, local architect. The for George B. Robey, an attorney of Washington and Fairfax. with historic || brick exterior harmonizes of property owners should be to rescue | those States. one-third of all the States in the Union, who now, by constitu- tional requirement, are compelled to opserve the general property tax. | “Amendment to State constitutions giving more liberal requirements rela- tive to taxation is imperative if many States are to have any fundamental tax reform whatever.” The national standardization of prac- tices which has been brought about in the business of real estate in the past 10 or 15 years through co-operation of real estate boards must go on until it shall come to be practically impossible to impose on the public unsound or absurdly {ll-copsidered projects, Leon- ard P. Reaume, incoming president, de- clared. “We need to learn that good real es- tate is a good investment and that bad Teal estate is a bad investment,” he said. Harry S. Kissell of Springfield, Ohio, appointed to represent the National Association of Real Estate Boards on the committee organized as the result of President Hoover’s series of business conferences to continue the work of those conferences, analyzed the new situation of real estate resulting from | 1! the readjustment that has followed the stock market crash. o He pointed out that the flow of in- vestment funds in the preceding months into the call money market had oper- ated to hold up construction projects, but that this enforced building reces- sion. while it has been reflected in the market for real estate. is in itself evi- dence that normal demand is inevitably piling up. “We are already at least 75 per cent through the period of readjustment,” Mr. Kissell declared. “The public has aiready. in its own mind. largely dis- counted the situation which occurred in Baltimore 11929 DEEDS RECORDED SHOW GAIN OVER 1928 Figures Also Reveal Mortgages Decrease in 1929 Over Ye-r Before. Special Dispatch to Tae Star. BALTIMORE, February 1.—Deeds placed on record at the land record office during 1929 totaled 21,604, which compares with 21,199 for 1828 and with 23,939 for 1927. that 405 more deeds were recorded than was the case in 1928, but shows a de- crease of 2,335 e‘dmm the 1927 figure. The 1929 figure shows Mo il t year numbered 18,501 and the total amount involved was $72,266.224.56. That compa: 21,106 and $78.831,947.96 for 1928, being 2,605 more in number and $6.565,723.40 1626, res with in total amount involved over CITY VIEW HEIGHTS NEW MODERN BRICK HOME 1816 L St. N.E. Just OF Bladensburg Boulevard STANDARDIZED MATERIAL PROGRESS IS REPORTED Credited to Co—oper:lo‘n of Bureau of Standards and Associated General Contractors. | | | | Co-operation between the Associated | General Contractors of America and | the Bureau of Standards of the De- | partment of Commerce during the past | year has resulted in definite progress | being made in the standardization of sizes and varieties of material used in the construction industry, it was re- ported here today. Through standard- ization a real saving in construction will be effected, officials of the general contracting association announced. ‘The most important work during the last year was sald to have involved the standardization of masonry openings, which v.11 necessilate standardization brick, hollow tile and other materials. The development of necessary informa- tion was carried on by the Associated General Contractors of America and || other agencies. BUSINESS PROPERTY LEASES We Specialize in Finding the Right Location = CONSULT MR. BRENT BOSSE®MHELPS Estab. 1907 1417 K St. National 9300 of metal cash and trim, millwork, YOUR OPPORTUNITY In Wesley Heights 4540 KLINGLE ST.—$16.750 You have always wanted to live in Wesley Heights, here The || {rooms, divided into 205 apariment umits. ranging in size from two rooms and ibath to seven rooms and three baths, about 90 per cent of the units having porches, many of which are inclosed, turs at its next session. Legislation similar to duced as @ government measure into | the Ontario, Canada, province legisla- | the proposed | Kentucky law is now in effect in 26 Home—Location—Environment A combination always desired, but seldom found, are here in beautiful MARIETTA PARK C. H. SMALL & CO., BUILDERS Home:— Colonial design. Semi-detached. Tapestry brick. Six, seven, geight rooms. Two colored tile baths. Shower. Private lavatory og master bed room. Delicately paneled walls. Rich, natural woodwork. _Artistic and practical fireplace. Elaborate kitchen equipment—inlaid linoleum, Frigidaire. 157%-foot lot. Built-in or outside garage. " Location:— One of the prettiest sections of Northwest, in line of ever- increasing values, void of the endless row houses, Commanding a high elevation, where an unobstructed view for many miles may be seen. Just twenty minutes from downtown, adjacent to the 1213 TRINIDAD AVE. N. A REAL BARGAIN $7,450 8ix nice rooms. two inclosed porcnes. steam neat. hardwood Noors, tie bath. bUllt-in garage, Daved street and ailey. —Practicaily new and in pérfect condition. Drive Out Today Open Sunday 10 AM. to 9 PM. and Every Day 1 to 7 3716 WINDOM PLACE N.W. NORTH CLEVELAND PARK $11,950 d you know that you could purchase a beautiful new six-room modern ached brick and stucgo home in this fine section of the eity faf o 1\ N o Lol 70U may. but very unususi circumstances make it possible: Ground in this highiy restricted community has enhanced to Where no bullder could reproduce this home near the above figure. We Invite You Out at Your Earliest Convenience Open Daily 1 to 9 P.M. and All Day Sunday R. M. HOOKER Tower Bldg. Metropolitan 2663 W rrst snowine (In Chevy Chase Between the Clubs) No. 3 Leland—21,000 Here is the charming center-hall home which you have been waiting for. All-brick construc- tion, on a lot 60x120, with beautiful shrubs, lawns and winding walkways. A spacious living room greets you, opening on a side concrete porch with canvas covered deck above. Bay windowed dining room will meet your approval, butler’s pantry and an efficient kitchen, with back stairs, complete the first floor. Four bed rooms, three of which connect directly with baths; large attic insulated with Cabot’s quilt; slate roof, copper flashing and downsponts, screened with bronze throughout. Two-car garage; generous space for flowers. Built by Orville Rice. proposed Fort Slocum Park. Convenient to two car lines, stores, churches and new junior high school. Environment:— An exclusive community, where all homes are new and pretty, detached and semi-detached only, where neighbors are selected with utmost care. A truly beautiful and healthy place to live. ‘Wall Street in October. The result of the President’s conferences will not be to prevent a business recession of some indeterminate ,proportion for the first half of 1930. To put into effect the construction programs already planned will take some time, for bids, for plan- ning, for the issuing of bonds and the like. But American ess is or- ganized, for the first time, and with American business organized nothing can stop it.” Hardwood floors, tile bath, two large bedrooms, large living room...new modern, brick construction. PRICED VERY LOW Terms Only $40 Monthly is your opportunity. On a beautiful lot 75x150 with magnifie See This Masterpiece cent trees is located this center-entrance home. Attractive living room, cheery fireplace, splendid side porch, cozy dining room, daylight kitchen, well arranged second floor, heated garage. I ¢ This Us 1 3 i Take 14th St. car, marked Talmma, get off at 7th "V alue TODAY Ofpen for Inspection Saturday & Sunday 8t., walk north to houses—or drive out 7th St. to Tak St. i P 5811 7th St. N.W two -ll:l"fl north, or trans- . . . = o A. G. HUGHES < ) 704 Chandler Bldg. 1427 Eye St. N:W. Beitzell & Hornlng Tower Bldg., 14th and K. Dist. 0853. Open All Day Saturday, Sunday Week days from 4 to 7 o’clock A. G. HUGHES Board Favors Appraisal. 1427 Eye St. ‘The Florida Association of Real Es-| | \ tate Boards is the first State association \ to go_on: record as favoring the ap- Em stdndards of practice as y the National. Association of Real Es- tate Boards and“recommended to local boards to follow in making valuations SPARKS GARAGE 21st and L Sts. N.W. 4 Story Fireproof Building 1019 15th St. N.W. Nat. 4846 National 8744 est Value in Sauls Addition CONTAINING: Eight large rooms and bath, | | hot-water heating plant, open ! fireplace, attractive kitchen with new “Quality” all-poreelsin range, new. linoleum on kitchen floor, and very large pantry. Entire house redecorated through- out. Full attic, garage, lot 170 feet deep. ncrease Your Comforts nsure Your Future nvest in Your Own Home 1219 Owen St. NE. ¢ 220 17th Pl. N.E. In the beautifully de- The only house left in veloped Trinidad sec- this group; a restricted tion. With paved streets new neighborhood ad- and alleys. Only 2 joining Eastern High blocks from Sears-Roe- School; very mnear to buck. o .downtown. 1207 Hamilton St. Six and seven well arranged rooms, a tiled bath with shower; many distinctive features, including paneled walls, oak floors, chestnut trim, radio outlets, the new Green Jacket heating system. Built-in garage. - AsLow As Small Cash Pay- $7’9 5 O ment—Balance Only $15 a Week By Comparison—the Best Buy Robert E. Kline, Jr. Cuwner—Builder 718 Union Trust Bldg. Or Any Broker OPEN DAILY UNTIL 8 PM. : National Mortg. & Inv. Corp. 1004 Vermont Ave. Nat. 5833 2 blocks from Conn. Ave. I Jameson-Buils Model Henes 1 block 6, 7 and 8 Large Rooms Now Ready for Inspection - 415 to 445 Jeff St. N.'W : to efferson St. N. W. N. H. Ave. " 914 Quincy St. N.W, 1337 Taylor St. N.W. 2 blocks 1521 to 1527 Isherwood St. N.E. from Isherwood St, One Square North of 15th and D Sts. N.E, Pa. Ave. Dist. 5246 Highest Elevation 20 Ft. Wide 9,250 Easy Terms 1601 to 1619 D St. N.E. SR Inspect at Once The architecture of these fine homes has been carefully de. signed and selected by our ex. perts of superior home de. signs. The materigl also has been carefully selected. All labor furnished by ekilled * mechanics of the best grade. Showroom and Floor Space Available: Live and Dead Storage of Automobiles Washing—Polishing—Greasing Careful and Efficient Service by Trained Men These homes contain 'six, seven and eight large rooms, tile bath and built-in tub and shower, one-piece sink in kitchen, extra large porches front and rear. Oak floors, latest fixtures; floor plugs in each room and lots of extras. Frigidaire and Garage With Each House FOR SALE BY THOS. A. JAMESON CO. 906 New York Ave. National 5526 . “Ask the Man Who Owns One” i L S Your house-hunting worries will over after this new, beautiful all brick house, perfectly ph:.ned lmrnuyea'r.:‘gf experience in_construction. Concrete front porch, 2 rear porches, 10x18 ft., new 1930 wall designs, panelled elaborate electrical fixtures, new m_equipment, latest improved heating Jacket boiler. Frigidaire, screens, garage. Also same type 8 rooms, $9,850. Open and Lighted Unil 9 P.M, . CAFRITZ A. F. BROWN, Mgr. On Premises.. . West 0447 KELLER & STUART, 4gts. Denrike Bl’dg. Nat. 6307-8. Dist. 9080