Evening Star Newspaper, January 10, 1931, Page 15

WASHINGTON, REAL ESTATE STABILITY IS SHOWN IN 349 CITIES | | National Semi - Annual Reveals Sharp | Survey Communities. | Distinction Between Large and Small ' | HE sixteenth semi-annual survey of the real estate market by | the National Association of Real Estate Boards made public presents from 349 cities data as to price movements, | ‘nt movements,. building supply, money supply for real estate | development, interest rate trends, subdivision activity and general] real estate activity. Statement for each city is made by the asso- | ciation’s member real estate board in that city in confidence. The reports, registering on the one hand the degree to which real | estate activity has been affected by the general indisposition of busi- ness during the past year to venture into any major extensions, show also that in almost one-fourth of the cities prices for real estate have remained stable, notwithstanding the decline which the year brought | in general commodity prices. The survey thus gives some measure of | the normal disposition of values in real estate to outride a period of depressed demand. 2 1 A rather sharp division is seen from the survey to exist as between large cities and smaller cities in regard to money supply for real estate development. In general the cities of over 500,000 population show in the mortgage money market a predominance of capital seek- g investment. In cities of a smaller size the proportion showing this predominance decreases, and in cities of under 25,000 population slig_};tlly more than half report a predominance of loans seeking capital. _ Such a showing, it may be said, is a measure of -the degree to which investment funds are piling up in the larger centers, and points to the existence of a large field of i tment opportunity in mortgage loans in aller cities NINE FROM CAPITAL f costs While the general terest ra i for mortgage of the cities reporting are just where they were a year ago and more cities | report rising than report falling rates. | However, cleavage between large and smaller cities is here again visible. | ¢« (W, C. Miller to Complete Term per cent | three” quarters of an acre in size. TOATTEND MEETING : as Chairman of National | D. O Norln_an A House of G. D. Horning.i Jr.. in Kenwood, Re- | cently Completed. RECREATION ROOM ,BASEMENT FEATURE | Another Residence in Devel- | opment Typical Center-Hall | Georgian Type. | An illustration of a house of Norman | architectural lines, fashioned in modern | manrer and employing whitewashed brick in exterior construction is seen in the awelling at 205 Chamberlin avenue, | Kenwood, Md., completed recentiy and | now the home of George D. Horning, Jr. The house is located well back from SATURDAY, JANUARY 10, 1931, rchitecture Makes Attractive Home the street on a large plot which is well | Norman style residence at 205 Chamberlin avenue, Kenw ood, recently purchased by George D. Horning, jr., from studded with trees which form an in- | Kennedy-Chamberlin Development Co. teresting frame for the bright aspect of the exterior of the house, adding to the color schem?. 2 Has Six Bed Rooms. This residence contains six bed rooms and four baths, in addition to a recep- tion hall, living room, dining room. breakfast room, library, kitchen and | servant’s quarters. In the basement is a buge recreation room which s well equipped. The site of the house is about t The was purchased from the Ken- ‘hambcriin - Development | Co., IS DECLARED BIG | T cence recently :\C-‘ is the lurge brick colonial house | of the Georgian period of design, located | on Brookside drive, Kenwood, which has been purchased by a former member of Congress. This house has the typical hall from which rises stairs to the | Fe, Ca Action Are Application of architectural library. On cne side of the hall is a liv- | acco: | ing rcom running the full depth of the | Regicnal Planning of the American In-| 'ARCHITECTURAL CONTROL HERE DEVELOPMENT Bill Covering Private Property Facing Parks and California Section’s Praised. control | press the soul of America, to become in Washington and in Rancho Santa|the true symbol of a great and rich was an outstanding develop- | Nation, it is necessary that architectural upper floors and off of which is found a | ment in regional planning during 1930, | control be established over all private ing to the Commitiee on City and | buildings within the whole District of olumbia. To allow ugly and off-color McARDLE BUYS HOME Property Opposite Stimson Mansion i Sold by E. F. Kemp. | The residence at 2927 Cathedral ave- | aue has been purchased by M. McArdle through the egency of A. G. Hughes, of |Realty Associates, in co-operation with | Phillips & Canby, it was announced to- |day. This is a house of seven main |rooms and two baths, of brick and | stucco construction. It is located opposite the residence of | Secretary of State Stimson. Ervin F. | Kemp was the former owner. BUILDING NEWS NEW BUILDING PERMITS NDICATE ACTIVE SEASON $600,000 to $700,000 Total for Two Weeks, Largest Enterprise Being 34 Dwellings in Petworth Section. N active beginning to the New Year construction work in the District is indicated in the reports of building permits issuet by the office of the District building inspector during the past two weeks, which total between $600,000 and $700,000 for the period. The largest major building enterprise approved is that of the Cafritz Construction Co., who applied for permits to erect 3¢ awell- | ings in the Petworth section, having a total estimated cost of $306,000. Meanwhile Col. John W. Oehmann, inspector of buildings, an- nounced that the monthly report for December showed a. total of $1,386,125 worth of construction jobs undertaken during that month. bringing the official total for the year up to $28,790,577, as compa‘ed with $36,129,765 for 1929. The official total was $13,875 less than the unofficial total for 1930, estimated 10 days prior to the close of the old year. A total of more than $800,000 of — &3 | | | v | construction and repalr work in|yyiigers: Louis Jusiement, architect; to Washington is represented in|erect two 2-story brick dwellings, 3408 plans approved by the District |t 3412 Garrison street; to cost $32,000. {1 N. Mezzanotte, owner, designer and bullding inspector during the DaSt“ bullder; to erect four’ 2-story brick three weeks. For the week end- |dwellings, 2420, 22, 24 and 26 L'Enfant ing December 26 the total was | square; to cost $17,000. |$151,050, for the week ending| A. T. Neubold, owner and bellesr: | January 2, in excess of $500,000,' C. N. Norton, architect; to erect ene and for the week ending yester tory brick dwelling, 2741 Brandywine | day, $155,950. treet; to cost $15,000. | _Permits for new projects include the| D. J. Dunigan, Inc., owners en | following: builders; George T. Santmy:rs, arc! ko i ner and build- | tect; to erect one 2-story brick store | vers, architect: to|and flat, 300 Concord avenue; to cost $12,000. _James N. Hughes, owner and builder: ‘William ¢S. Phillips & Co., owne d | | Division January 15. or depreciating structures in any part| of the city is without defense and will | become increasingly abhorrent to the | taxpayers of the rest of the country as | they come to understand the situation. | “Cities in the next decade undoubtedly house, and on the other a dining room, | stitute of Architects, of which Charles kitchen and pantry. | Cheney of Los Angele: chairman. T To the rear is a garage, with serv-| “In Washington, D. C." the report Washington will be represented at the | ant’s quarters in the second story. On | says, “Congress has at last_established Midwinter meeting of the Na- | the second siory is a master bed room | architectural control over plans for all | nal Association of Real Estate Boards, | suite and three additional bed Tooms. | new private buildings facing public at St. Petersburg, Fla., January 15, 16 | Bis iouste. Blsntdi building groups by passage of the Ship- | must come to use police power for archi- and 17, by nine local residents, according | 8 : stead bill in May, 1930, requiring their | tectural control. just as they so gen to a list of reservations for the con-| Construction of four houses has been | approval by the National Fine Arts| — (Continued on Second Page) ~ |vention announced today by John A.| Started for cwners of sites and plans | Commission. o £ Petty, secretary of the local board. | for eight more owners are being pre- | ~ “Architectural control in Washington | 3 ‘Those who have arranged to attend | Pared, subject to the approval of a|js particularly significant to the rest of | @ the sessions are Arthur Carr, president | JUry cf architects. The costs will range | the country becauss of its being done & of the Washington Real Estate Board, | [fom $30,000 to $48,000, it is estimated. | ynder the police power, as an extension | 5 2nd Mrs. Carr; Willlam C. Miller, past |, Of the four under construction is|of the principle that public weifare re- president of the local board, and Mrs.| the home of S. A. Dulaney Hunter, | quires it | | Miller; Mr. and Mrs. Harold E. Doyle, | librarian of the Foreign Service School | ™.yreantime | Mr. and Mrs. Thomes E. Jarrell and Dr. | °f Georgetown University, being erected | 1" continent, in the beautiful tr, bt 3 3 “| on Brookside drive between Chamber- | %1€ Sontnient. 'n the beautifu’ COUR:Y | | George M. Sharp. istrict of Rancho Santa Fe, near San Falling rates are reported by twice as many cities as report rising rates in | all groups of cities absve the 200,000 | Ppopulation line, Dwelling Supply Normal. Seventy-four per cent of the cities report a normal supply of single family dwellings and of the remaining cities a larger number report undersupply than report oversupply. In the rental situation, however, apartment rents | appear to have reached a mcre sta- bilized condition than have rents for single family dwellings. Demand for business property, as might be expected, is indicated as most seriously aflected by the adverse con- ditions " prevailing in general business Foxhall Village Adjoining Georgetown On the West—Only 10 Minutes from City 5 and 6 Bed Rooms 3 Tiled Baths Large Studio and Lounge Rooms $17,750 to $24,500 1t is not the design alone, but the Architectural technique of these houses as well, that See Our Display— makes them really distin- lin and Woodlawn avenues. This will during the past year. Outlying busi- | ness property, it is indicated, has been | more affects than has central busi- ness propert; While the total figures for the United | States and Canada report the same activity as a year ago in 28 per cent of the cities, more activity in 14 per cent At this meeting Mr. Miller ends his term of service as chairman of the home | ouilders and subdividers' division of the national association and begins a new term of three years as a member of the board of directors. Harry 8. Kissell of Springfield, Ohio, will assume cffice as president of the | national body, succeeding Leonard P. and less activity in 58 per cent, the Reaume of Detroit. various sections of the United States and Canada show marked variations from these percentages. Thus the market was reported more active in 49 per cent of the cities in the South Atlantic section and 30 per cent of the cities in the mountain sec- tion, whereas less activity was reported by 75 per cent of the cities in the East North Central section. 68 per cent re- (Continued on_Third Page) The largest transaction in the history | |of Chicago occurred in 1928 when the | | Continental Bank Building was sold to | the Utilities Pcwer & Light Corporation |for_a reported $20,000,000 5346 Thirty=Second St. CHEVY CHASE, D. C. New Detached All Brick Home 2 BATHS Six Rooms, Fire- place, Concrete Front Porch, Slate Roof, Attic, All Oak Floors, Built- in Garage. $13,750 OPEN ALL DAY SUNDAY BOSLESHELPS 1 t Natl 9300 out Conn. Ave. to Military Ri ast to 32d St. and right 10 Prop: FIRST OFFERING You are invited to inspect our . . . NEW MODEL HOME 3811 T ST. N.W. 'y Furnished and orated by— W. B. Moses & Sons Oper. kvery Day Until 9 P.M. Brick, 8 Kooms, 2 Baths, Detached Brick Garage. Located in “Burleith Helghts"— » limited development of distinc- tive English Village h Tower Bldg, Natl 9240 4505 Riage Street Astounding value. Six rooms, one complete bath. ving room 23'x13!7". Close to graded and high school. Near bus line and car line. Community stores handy. Large landscaped lot. Detached garage. Time to Buy NOW Terms Unbeatable Chevy Chase, Md. $12.650 Country Club District %' M. & R.B. Warren — Drive out Conn. Ave. to Bradley Lane, west 3 blocks to East Ave. turn morth 1 block to Ridge ki . Phong Wisc. 2873 Na. 5573 Heated |a Diego, Calif., nearly 200 owners of es-| ¢ | tates and small farms totaling 5400 | acres in area have signed and put on | record a protective covenant establish- ing permanent architectural control. | Also ‘they formed a complete zoning plan and a building code for the entire | area which is not under municipal gov of slate. Another is the home being erected for Earl W. Shinn at 123 Brookside drive. This will be of early American style of | design, employing a combination of brick and stone With a portion of the | ernment exterior ing in drop siding. | & e the "The home being erecied for H. .| —oiithe City of Washington is to ex- Clemmer at the corner of Woodlawn | avenue and Shadow road will be of | design is being erected for A. M. Hyler, | & Englich design with an exterior mostly | president of zn engineering concern, at | of brick construction, with some stucco | 105 Shadow road. It will be of a com- | work. bination of brick and stone and will |E An English type dwelling of different | have a colored concrete slab roof. e Furnished Home 7611 14th St. N.W. Drive out Sunday—to 16th st., to Alaska ave, to l4th st., turn Jeft to Juniper st. and our home. L.E. Breuninger & Sons & Natl. 2040 Invest. Bldg. guished. You Will Be Charmed With This Model Home, 1606 44th St. Open 9 AM. Until 6 P.M. Furnished By Sloane BOSS & PHELPS, 1417 K St. NAtional 9300 Drive out Que st. to Wis. ave.: north 1 block ir rd: west Village. n 4éth st home on west side. 1930 --- Another Iiecord Year ---1930 Home Owners--Builders--Architects 05 Per Cent of all the prominent buildings erected in the District of Columbia during the past year were equipped with window shades made by— The Shade Shop USING TONTINE The Washable Window Shade Cloth HARTSHORN and du PONT ROLLERS were used exclusively in the manufacture of these thousands of window shades. Perfect installation and careful manufacturing, covered by our complete specifications, is the “reason why.” As a matter of fact, for the past nine (9) years THE Shade Shop has installed window shades in practi- cally 95 per cent of the most prominent buildings and private homes erected in Washington, for which du Pont Tontine was specified. Thousands of these shades have since been washed at our Modern Washing Plant to the entire satisfaction of the owners, thereby saving a tremendous re- placement cost. INSTALLATION GUARANTEED FOR 5 YEARS! Before Wou place an order (small or large), consult— Don’t Forget the Address | E— SHADE 175 Or Our Phone Number best. Fort Bayard Park (St. Anw's Parish) 4448 FARADAY PLACE N.W. A High-Class Home Completely Furnished for $1,165 OPEN DAILY, 9 to 9 ALL DETACHED HOMES Prices, $10,950—$12,500 Small Cash Payment—Balance Like Rent BOSS & PHELPS u1r K st OWNERS Go_north on Wisconsin Ave. to Fessend 3 turn right half block to home. 15 minuies £0 conier distance to street car and bus. National 9800 west to 45th Street, of city. "Just short v FOXALL'S NEWEST MODEL HOME ... You are invited to visit our new furnished Model Home at 4400 Volta Place N.W. This home is the result of our supreme effort to produce a group of homes that arc complete in every detail . ... that are constructed, finished and equipped as you yourself would have vour Dream Home . . . and at prices ($10,950 to $15,050) that compel you to recogmize out- standing values. It is in_owr scventh group of twelve Double-Front English Homes . . . protected by Foundry Branch Valley Park and Foxhall Village .". . but ten minutes’ drive from the White House . . . yet with all the feeling of open country. These homes contain six and eight rooms with one, two and three baths, built-in garage and maid’s room . . . of superior brick and stone construction . . . architecture “Commended” by the Architects’ Advisory Council. A wvisit will be most enjoyable and prove to be time profitably “spent. Drive out Que Street and Reservoir Road and make left turn at 44th Street three short blocks south to furnished Model Home. WAVERLY TAYLOR %« 1522 K Street National 1040 Furnished #pd Decorated by W. B. Moses & Scns