Evening Star Newspaper, September 20, 1930, Page 21

REAL ESTATE. NEW HOUSE PLANS GIVEN APPROVAL Col. John Oehmann, District Building Inspector, Favors Construction. Dole Flight Victor Flies U. S. to Enter School of Aviation By the Associated Press. SAN FRANCISCO, September 20.—Arthur C. Goebel, who won the Dole air race to Hawaii in 1927, and made the first West-to- East non-stop transcontinental flight in 1928, is studying aviation here. He is one of 17 Air Corps Reserve officers taking a special Army course, and made an 18- hour flight across the continent Plans for the construction of 13 pri- | vate dwellings were included in the list of new projects approved during the past week by the District building in- spector, Col John W, Oehmann. The |stor. to get to school on time. treet southeast (lot 29, square 928), to cost $1,900. . C. L. Steadman, owner and builder; H. B. Tribby, designer; to erect one 1- total cost of all new private projects | store, 1515 Pennsylvania avenue south. vas estimated at $186,900. The largest ¢ '5op’ single jtems were for the construction of a $25000 store building and four small apartment structures $25000. Permits issued included the | following Merchants' Candy & Tobacco C owners; Julius Wenig, architect; Le: Engineering & Construction Co., buil ers; to erect one 3-story brick, steel and concrete store, 430 Twelfth street south- west (lot 40, square 327); to cost $25,000. Young & Oppenheimer, owners and builders; George T. Santmyers, arch tect; to erect four 2-story brick apar ments, 1104 to 1110 Queen street north- east (lots 135 to 138, square 4058); cost $25,000. Standard Art Marble & Tile Co,, ow ers; Edward L. Bullock, jr., architect; Charles H. Tompkins Co., builders; to erect one 1-story concrete block ware- house on alley, rear 118 E street (lot | 813, square 571); to cost $20,000. L. E. Breuninger & Sons, owners and builders; H. L. Breuninger, architect: to erect one 21;-story brick dwelling, 753 Morringside drive (lot 31, square 2 to cost $12.500 R. E. Eilsworth & Co., owners and | builders; Marcus Hallett, architect; to erect one 2-story brick and frame dweli- | ing, 5317 Broaa Branch road (lot 35, | square 2026) ; to cost $11,500. W. C. & A N. Miller, owners and | builders; George E. MacNeil, architect; | to erect one 3-story brick and frame | dwelling, 4317 Forest lane (lot 62, square 1619); to_cost $9,500. A. J. Dinger, owner and builder: George T. Santmyers, architect; to erect tory brick dwelling, 916 Ritten- se street (lot 66, square 2982), to cost $9,000. i H. P, Huddleson, owner and builder; | ©. N. Norton, architect; to erect two stone, brick and frame dwell- (lg; 17 and 18, square 2027), to cost costing | $8,000. O. T. and W. A. Carr, owners und. builders; G. A. Brodie, designer; to | erect one 2-story brick, tile and frame dwelling, 4933 Butterworth place (lots cast (lot 807, square 1028), to cost Mrs. Mary Earle McCain, owner: to make repairs and alterations, 3337 N street (lot 810, square 1229), to cost $2,000. Pierce Butler, owner; C. Wohlgemuth, jr., builder; to make repairs, 1229 Nine- teenth street( lot 38, square 139), to cost $3.000. W. L. Kehl, owner, designer and builder; to erect one 2-story brick ad- dition, 819 Fifth street northeast (lot 21, square 832), to cost $1,500. Anacostia Baptist Church, owners and bullders: to make repairs, Thir- teenth and W streets southeast (lots 127, 800 and 801, square 5792), to cost 2,600. w.‘s ot John Ross, owner and builder; R. M. Briscoe, designer; to erect one 1-story frame dwelling, 5033 Avers place north- east (lot 10, square 5328; to cost $1,500. Margaret Zimmele, owner; J. H. Col- lier, builder; to make repairs,. 2738 Thirty-sixth place (lots 31 and 32, square 1933), to cost $1,000. Gilbert R. Hopkins, owner and builder; to erect concrete block garage, 530 Irving street (lot 145, square 3051), to_cost $1,000. D. J. Dunigan, Inc., owners and builders; to erect five metal garages, 5518 to 5526 urth street (lots 23 to 27, square 3260), to cost $1,000. Hugh Wilson, owner and builder; C. E. Dillon, designer; to erect one 1- story frame dwelling, 4436 Forty-ninth street (lots 41 and 42, square 1484), to cost $2.500. B. P. Evans owner and builder; George 5. White, designer; to erect one 2-story brick and frame dwelling, 5403 | Nebraska avenue (lot 41, square 2025), to_cost $5,000. W. F. Jackson, owner, designer and builder; to erect one 1-story frame dwelling 4930 Eskridge terrace (lot 8, square 1423), to cost $3,800. sip el Convenient Basement Plans. In the basement several departments | must be provided for. The laundry is, brick and cinder block ‘office and | THE EVEN NG_STAR, WASHI \ NGTON, OWNER OF HOME | SETS CREDITBASIS Business Said to Seek Buyers Rather Than Renters for Customers. Testimonials to the character of the home owner come from business leaders, talking in terms of credit risks. “Of people living in detached houses, the one who is buying & home is sought after as a prospective purchaser more than the one who is merely renting it,” says F. E. Parker, vice president and general manager of the Merchants’ Credit Bureau, with headquarters in Detroit. “It has become imperative that we secure information as . to whether the applicant is buying the house he is living in when we are com- piling a report. We draw the conclu- sion that while it would not disparage the credit standing of the renter as a whole, yet if the applicant does own or is purchasing the home in which he lives, it has an overwhelming effect in passing judgment upon an application for credit.” Reason for Extending Credit. That the owner of a small home has a credit standing that he cannot at- tain in any other way is further indi- cated by a statement of Stix, Baer & Fuller Co. of St. Louls to the National Association of Real Estate Boards, thai “in extending credit, we always favor the thrifty individual who is acquiring a homestead, even on the installment plan, or who is accumulating in the bank for such a purpose, An equity in real estate is considered an incentive for credit grantor. We have found in the majority of cases that such people are quite reliable, and if an account of this kind becomes undesirable it is usu- ally due to existing labor conditions or other unforeseen incidents.” Louis Saks, president of the Louis Saks Clothing Co. of Birmingham, says: “From a mercantile credit standpoint there is likely no factor which so definitely stamps an applicant for credit as of good character and financial sta- bility as the statement that he is the owner of his own home. In the first place, such ownership probably indi- cates a permanent resident, and also indicates & man accustomed to assum- ing and recognizing obligations.” The small borrower who owns his home is entitled to immediate consid- eration from his banker, says Frank F. Brooks, president of the First Na- FOR RENT tional Bank of Pittsburgh. *The efforts of the National Association” of Real Estate Boards toward educating our people along the lines of becoming owners of their homes in the respective communities in which they reside have without a question of doubt the hearty approval of the profession with which I happen to be associated,” says Mr. Brooks. “Experience has taught me that the small borrower who comes to his bank backed up with a statement showing that he is the owner of his home is entitled to immediate consideration from his banker, and far beyond this credit standing that such a person en- joys, I am convinced that the idea all makes for better citizenship across our country and loyalty to the institutions which are the background of its pros- perity and future growth.” The very process of acquiring a home educates a family so it can assume the responsibilities of credit, says L. E. Wakefield, president of the First Na- tional Bank of Minneapolis. “The fam- ily that owns its home has its roots planted in the community. Although real estate is not the most liquid form of credit collateral, it is the most sub- stantial of reserves. The home repre- sents a margin of safety and security in any period of economic stress. It is also an expression of the character of the owner, bespeaking his intention to fulfill a duty to his family and to participate in the general obligations of citizenship. Seeks Greater Opportunities. “I have observed that the type of man who is seeking to establish his future generally has to weather a period of strain when he is buying his home and establishing his family. It is more than coincidence that emergence from this period with the home paid for, generally finds him seeking and accept- ing greater opportunities and responsi- bilities. Often, home ownership is the first step in the creation of a substan- tial estate. These are the factors that make home owners better credit risks in the ordinasy sense.” “Credit standing very largely depends upon the financial circumstances of the individual, but, in general, the man who owns his home in the community has an advantage when seeking credit for the reason that he typifies to the credit man & certain solidity and ‘stay- put’ atmosphere which is absent in the individual who s living in somebody else’s property,” says Willam O. Le Favre, vice president of the First Na- tional Bank of Boston. “Even though the borrower may have a substantial mortgage on his home, at the same time he has an equity in it which he desires to fight for at all times. Consequently he is more likely to be prudent and conservative in his a saving habit. D G expenditures and 50 is likely to acquire | DECLINE NOTED IN U. S. BUILDING ACTIVITIES Change Reflected in 66 Per Cent Decrease in Volume of Realty Financing. ‘The decline in real estate and build- ing activities is reflected in a 66 per cent decrease in volume of new realty financing in the United States during the first eight months of 1930, accord- ing to a statistical survey made public by Nelson, Hunt & Co. of Chicago. First mortgage real estate bond and stock offerings to September 1, it was stated, aggregated but $144.678,750, as compared with a total of $428,610,385 for the same period a year ago. Analysis of the survey figures showed that this decrease was due to a sharp falling off in the volume of both stock and bond issues bn all classes of prop- s, “The present conservative trend of real estate mo: financing,” sald Ralph A. Hunt, vice president, “is %‘::- ing the realty business on a sound is that will undoubtedly greatly strengthen public confidence in this important field of activity. “Builders and developers with soundly conceived and well located projects will find mortgage funds increasingly avail- able. Speculative loans will receive lit- tle_encouragement.” A CORNER 4 Bed Room Brick $11,500 In Beautiful Glover Park Near Mass. Ave. Heights 20-ft. wide, attractively de- signed, 4 big bed rooms, tile bath, built-in garage, Frigid- aire, fireplace, deep landscaped lawn, paved street and alley. TR LR Inspect Sunday 3731 Benton St. N.W. Go out Que or R St. to 87th, morth fo Tunlaw RA. and turn left at Ben- on. U PR BRI OO DD LR Tower Bldg. Nat'l 9240 ATV 1708 C St. N. SATURDAY, SEPTEMBER 20, 1930, REMODELING OF HOUSES AMAZINGLY INCREASED Remodeling or modernizing of old houses has increased ly in the it few yea ‘Worn, weather-beaten jomes that e served their owners for years and are still in desirable loca- tions are being given new beauty and greatly prolonged life. Contractors and builders who for- merly gave little or no attention to this end of the building industry are now in many instances specializing in modern- izing work, with the result that many homes that really detract from the value of the lots they occupy are now being remodeled. One such case on which actual figures of saving are available is found in Illi- nois. There was an old house that was offered for sale at $3,500, which was reported to be less than the value of the lot on which it stood. A buyer who had the vision to foresee its remodeling possibllities purchased the old struc- A Treat for You See Our Semi-Detached BRICK HOMES! 8th & Quackenbos Sts. 6 Built—3 Sold This Week Containing 8 large rooms; 2 colored baths; 2-car built-in garage; built-out pantry; Frigid- aire; open fireplace; many roomy closets; large kitchen; finished in colors; cold storage and coal rooms under cement front porch; southern exposure. Sample House Open to 9 P.M. 727 Quackenbos St. N.W. (Out Ga. Ave. Past Brichtwood Barn; 1st Street to Right—2 Bloel YOU WILL SEE OUR SIGN WAPLE & JAMES, Inc. 1226 14th St. N.W. North 0962 REAL ESTATE. ture and spent $10,932 in modernizing [ he rented all four flats and now it into a substantial, cozy, four-flat | joys an annual income of $2,880. ; building, with new exterior and in-|has refused several cash offers up to terfor. When the job was completed | $25,000 for the building. /1f You Rent Read This $75.00 for 12 Months Is a $900.00 Per Year Loss! ButIf You BUY— One of these $10,500 Homes at $1,000 Cash and $75.00 Per Month You Save an Average of $615.00 Per Year SEE MICHIGAN MANOR HOMES 4408 14th St. N.E. 6 Rooms, 2 Baths, Semi-detached. Fireplace, Deep Yard, Garage Drive out Michigan Avenue N.E. to 1dth St. N.E, and morth half Ddlock to houses. / 4 Tower Bldg. Dist. 0853 e £y 5.0% % +% o o0 % %0.6% 6% % %% 4% 4% 4% <% o% 0.6 e%4% % 4% «%0.4% oo o :‘:":":":‘\“&“0“0"0‘{“0“:“:“0“:“0“0"0‘t“o“o“o“o“o“:”:“o”o“o“o‘%“o"o“o“o“o Roofrodradpedeess 15 and 16, square 1486), to cost $6,000. |of course, an important room, and it | H. P. Huddleson, owner and builder; | is crdinarily placed under the kitchen, | C. N. Norton, architect; to erect one |y one corner, with windows on two | 2-story brick and frame dwelling, 5350 | giges to insure cool, cross ventilation. Broad Branch road (part lots 17 and | "3, 8 "IN €Oy, O lar Mo ey | T yudts SEY), be ool BEE0 4 | tubs out on the floor instead of against | Edgar J. Appel, owner designer, and |, ya)) ' They are very convenlent thus, builder; to erect one 2-story frame | for then the washing machine and oy B B Tt DnCe 700y, | clothes basket can be placed adjacent and 34, square ; 000, | W, . & A Miller, owners ‘and | t0_the tubs on any side. builders: G. E. MacNeil, architect; to . elect one 1-story brick warehouse, 319 S street northeast (lot 28, square 3371), to cost $6,000. | Mrs, Amelia P. Dutton, owner; George N. Ray, designer; Kolodne & Smit) builders: to make repairs, 1338 Nine- teenth ~ street (ot = 809, square | 113). to cost $4.300. | Barnet and Bessie Rosenbloom, ownr | ers; Kolodne & Smith, builders; erect one 1-story brick store, 905 Eighth | | Center Entrance Hall Two Large Side Porches, 9 Ft. x 22 Ft. Lots 40 ft. wide, buslt-in garage, pantry with window, three bed rooms, all with access to porch: open fireplace; choice of natural or cream and mahogany. finish. 2 Rooms, Kitchen, Bath and Reception Room Electric Refrigeration Reasonable Rental THE ARGONNE 16th and Columbia Road N.W. Sustains a Reputation! Since about two vears ago, when the first house was started in this delightful development near Eastern High School, sales have usually been made before completion. Such is the case today. These houses sell because today's purchaser learns from any of the fifty owners in the com- munity that construction is substantial and that material is of highest quality. SEE THESE HOMES Seven large rooms, natural chestnut trim, new paper patterns, artistic lighting fixtures, abundant closet space, tiled baths with showers, completely equipped kitchens, electric refrigerators, basement toilets, built-in garages, front and rear porches, paved alleys. PRICES AND TERMS SURPRISINGLY LOW To Inspect, Drive North From 17th and East Capito] Sts. ROBERT W.SAVAGE 717 Union Truet Bldg. R DR e £y 3 EXIXD XS 3 K X 0, "’ o, e CIXIXTX XD 1319 Shepherd Street Northeast —amid the most satisfactory surroundings, and yet within 20 minutes’ ride of the heart of the business and shopping districts. S S A e S S S i A A K3 o % o% THERE THE MOST CRITICAL WILL BE THE FIRST TO ENTHUSE! Women, fastidious in the choice of neighborhoods, severe \in the matter of sunshine and roominess, as well as appearance, will find here the ideal home: a modern home in which are incorporated the outstanding features of plan, construc- tion, decoration and equipment of the finest residences. o% siraleadoadoarodoadradre for this real home in high, and healthy ALOW City View Heights . . . PRICE 22 ™ == 11928 L Street N.E. PRICED $5’375 AT $125 Cash—$40 Monthly Includes All Interest This attractive, modern. all-brick Colonial home has tile bath, hazd- wood floors, 2 large bed rooms. built- in white porcelain laundry tubs . . . extrs large kitchen , . . restricted community. Take H St. Cars to 15th and H N.E., walk 2 squares north or trans- fer to bus Open Sundays, Dally and Evenings for’ taspection. HARRY A. KITE, Inc. 1019 15th St. N'W. Nat'l 4846 Natl. 6799 If you didn't see our announcement last week—take the time, NOW, to come out and see the wonderful home we are offering, and learn on what reasonable terms you can give your family all the comforts and advantages of a home of their own, in @ wholesome, beneficial environment. Can you afford to give them less? CHARLES M. WALLINGSFORD Builder and Owner 1010 Vermont Avenue N.W. 7 ROOMS—4 BED ROOMS Arranged for 1 or 2 Families They Are Different Price Low... Terms You Can Afford Worthy of Your Immediate Inspection o 3 X2 Three short blocks east of Chevy Chase Circle HENRY ]. CONNOR Owner-Builder e QXD 23 KQXEX 3221 Conn. Ave. Ko 2> ®, S Some Interesting Features Colonial cement front porch; hardwood floors thronghout; natural wood finish; paneled papering; as on kitchen and bath room; screened open porch; model roomy kitchen with dining set (invisible when not in use); cabinet gas range; Frigidaire; heavy inlaid linoleum; colonial brass lighting fixtures; cedar-lined closets; radio outlet with an- tenna already installed; many Duplex electric plugs; Tontine K3 X * Nat'l 2990 R3 o o% o% EXT XX XX Ask Yourself These Questions--- Am T secking just & house or & real home. .. — Have I a full appreciation of the value of fine Architecture: and is Architectural value a requisi Do I really know first class construction and good materi I given these features sufficient attention they warrant... What will be the resale value in the years to come Have I studied the community, its present and future and its sur- roundings Who are my neighbors and what care has the developer taken in this respect Is the community harmoniously developed with all high «l houses + te to-my purchase of a home ? ? —Have per spouting, gutte fully planned. Construction 1226 14th St. N.W. portation. washable shades; builtin garage; tively landscaped; stone retaining wall around lawn. real slate mansards; cop- ing: b. tin roof; attrae- Care- and material the very best. Exhibit Home Open to 9 P.M. 315 17th’ Street N.E. (Out East Capitol St. to 17th St.—North Three Blocks—You Will See Our Sign) WAPLE and JAMES, Inc. North 0962 1749 Kilbourne Pl. N.W, The Heart of Mt. Pleasant Convenient to schools, churches, stores and trans- 122 OLD CHEVY CHASE (Just West of the Circle) Owner has just _-uthorized us to offer, at a price well under comparative values, this beautiful detached center-hall brick home, in an exclusive section of Chevy Chase. It has everything a modern home should have. Four bed rooms and 2 baths: 2 finished rooms in attie: ELECTRIC REFRIGERATION: garage. In absolutely perfect condition throughout. SILENT AUTOMATIC OIL BURNER. The grounds are charmingly landscaped, and will delight the lover of nature's beauties. %&,Smi ny The Answer to These and Many More Vital Ques- tions May Be Found in . ... oxhall Vi ‘a‘ge The Model Home 1606 44th St. OPEN DAILY 9 AM. to 9 PM. Furn > This beautiful home has been put in new condition and at this price is the best value, we believe, in Mt. Pleasant. Consists of 9 rooms (6 large bed rooms) and reception room, hot- water heat, electricity, ser- vant’s toilet and garage. A complete home priced at $10,750.00. Open All Day Sunday Phillips and Canby, Inc. Exclusive Agents Investment Bldg. Hesketh Street Ofen Sunday Al Day ansbury com&w~ INC.. TO REACH—PFrom Dupont Circle drive west on Que Street to Wisconsin Avenue, north one square o Reservoir Road and west to the Vil- Make south turn at Street. d J. Sloane a by W. hington and New York Created and Developed Exclusively by OSSEPHE National 9300 Prices $10.950 to $24.500 Nat. 4600 ¥418 EYE ST. N.W. National 5904 Exclusive Agents B 1417 K St. Founded 1907