Evening Star Newspaper, January 31, 1931, Page 16

10 CONTINUE. GAIN Lou R. Crandall Says Outlook for 1931 Is for Very Fair ! THE EVENING STAR, WASHINGTON, IN REALTY OPENED American Institute of Bank- ing Chapter Has Large Enroliment. . Oy notsmfllythamklnmdeqtthn real estate business,” amounts to §1,- 211,000,000, The pointed out that the major portion of the tax revenue of the District comes from real estsete, and to further illustrate the size ci the realty business here stated that the collection of rents in quite a number of real estate offices range annually from $100,000 to $500,000 and that certain other offices collected sums materially larger. Realty Business Fundamental. “The real estate business contacts with each individual as well as soclety as a whole, therefore it is a fundamental SATURDAY, JANUARY 31, 1997, tate flohlm—ln short, pract every form of development that mma 'hu I:: the social :nlt‘l’ ec‘:m?mlc d;;ruc. jure of a growing c oun: on real estate activities.” b TWO NEW CONSULTING SERVICES ARE OPENED BY NATIONAL REALTORS (Contlnma Page.) tive tenants or otherwise speed up his rental program, REAL ESTATE sation. The service will offer advice on what changes should be made, either in the physical structure itself or in its operation, to give the investment its maximum earning power. “This service, essentially a clinic of experienced property ers, is ex- pected to be of very t value at this time for banks and trust companies in giving them a sound program of procedure for the management of estates, and for foreclosed properties, or properties threatened with foreclosure. It will be of value to investment trusts, insurance companies, syndicates and fi- nancing institutions in nmn‘ butidings | ci u:d which they are interested out of the REALTY ACTIVITY HIGHER 68.9 Index Compilation Iau From 63 Typical Cities. “:“hexmm‘lhlhb index of y for the country as a fled by t.nl National u’ te Boards of deedl recorded, the month of Decembe hi 3 points higher than the Indcx for the preceding month. The com k!‘ made from reports nvm typical Bus'm“ ’Yeari bunnen e M nld “Providing and "Tho service te housing for the tn-ed bufldlnu n A special course in real estate sub- cnys popnfnuun is its muor activity. lor all types of incom: jects was inaugurated this week by the [ In nddmon. ess provides hauxl-l N Washington Chapter of the American |ing for industry and commerce as wel Institute of Banking under direction of | as all types of institutions. Merchants Aubrey O. Dooley, chairman of its Edu- | require stores to serve their customers, cational Committee, with & large en- | manufacturers need factories w carTy rollment sttending. on their industries, com:an - nllwc The first of the serles of lectures was | its branches, transporta i given by John A. Petty, secretary of the | 2 RTOTRSIc. e Washington Real Estate Board, who mflc muml:lmfi:‘:‘nfi;-:’ ese o h N x a needs. . edict outlined the local real estate business | Ini3nces DIESCnt 8 Jelwly O1 URECR, ‘Jv W—Somethin ew B R R A in the light of the local banking &c- | yrofessional and business activities that g sy Fail, o reigential - LR LT . DETACHED APARTMENTS many l!htqan plsht: n:a"“ HM § T . m’m‘m ‘f:‘-‘ estate business :coon-fmmg‘ u:a“::emmulu num- Woodm:::lt R A LA BuNGALOW building projects mmrmmng the con- kg Rl class of com- | per of visitors, garage facilities to meet Just 3y, Miles from White House in Nearby Virginia exception of | the growing traffic problems are other :lt;\;fyuog igg\:flg‘yj" A Dl:-lfi the work of the Federal Government, zypun:r housing; hospitals, institutions ¢AND ONLY $4,500 on terms you can meet Your Inspection Mr. Petty said that 'Nlu the total de- | of learning, headquarters of organiza- ’"””"' m:ulgu:"”m oot posits of all banks Washington | tions of every type, churches and other cn all said. Rt v'l‘l’ue‘::’,mlmy o'vh; ede::} religious uaw l’;nd mni::vmu em- . racing ¢ e are con- i Betlmmnz wc‘v;;ter‘ymm trends 'fll property h which is potentially If ' frouteq with. housing and other real month. Approximately one-quarter or Invited to EXHIBIT HOUSE Located at 133 g::te:nrtzeetves :‘hssgsl:‘:txlflm of lu‘ ‘White weather-board home of Colonial design at 6309 Georgia street, Chevy Malvern Ave, Chase, Md., recently purchased by Mr. and Mrs. Herbert H. Lawhorn from the e oy | builders, M, & K. B, Warren. Large landsca wooded__ lots. ity water, (ewer, gas, electricity, hot-water heat, hard surfated streets, lflcl.lly “The services are open to any owner or investor. Application for the service, however, -must be made through an active member of a local real estate board or, where the local board within whose jurisdiction the property lies kes such a provision, it must be de through the local member real estate board.” 2001 16th Street Three Rooms, Kitchen and Bath Electrical Refrigeration Reasonable Rentals Conunununn of the upward trend in theJ eonmucm tion mmu mled 1o major monume; pro| the flattening out almost to the hm zontal" of the downward . curve pre- Jbuinary ‘to & gradual upward move- fuent in’ the entire buud.inl industry, with residential construction leading, are forecast for early in 1981 by Lou R, gl:nnflnfl. president of the George A. ller Co. as office ings, industrial ding question of rehabilitation or moderni- Permanent Values Homes Built to Endure In Two Choice Northeast Locations (Open Daily 'ntil 9 P.M.) 1702 C St. N.E. 1215 Owen St. N.E. Corner house facing the In the new Trinidu‘d ."l: new 160-ft. boulevard. | tion. Just north of 12 Seven spacious rooms, tiled | snd Florida Ave. N.E. Six bath with showar. garage: i b y . § garage. Street and alley Frigidaire. Restricted white | paved. Very near in. Direct neighborhood. @ bus and car service. Joins Building and Loan League. Everglades’ Park Favored. The Alexandria Bullding and Loan| The American Institute of Architects Association, Alexandria, Va., 18 one of | announces it favors the proposed Ever- 19 institutions of this type Which dur- | g1odes National Park in Sable past week were admitted to | egion of Florida. A bill to establish f‘,‘,;‘“""‘h"’ in the Unlted States Bulld- |, "sark is now pending in Congress. “Savings in material costs and in- creased efficiency in lsbor have been taken advantage of by many owners. Early last Fall it became aj it to us that owners having large construc- tion projects under contemplation real- | ing the ized ‘that savings could be effected ranging from 10 w 15 per cent as com- ared with construction costs prevail- ng over the t eight years. We ex- pect this ‘build now’ tendency in con- nection with ‘necessary and monumental building projects to be ac- centuated mtl:l new ylelr " “Perhaps the most encouraging fac- tor is a growing disposition on thu part of the general public to regard the fu- ture in the light of a stabilized lnd Te- adjusted view of the past, a realization that the years immediately preceding * 1930 were considerably lbove mmnll and that future expectations should be based on relatives readjusted to absorb these supra-normal years. These cozy homes contain 4 rooms and bath and were built to meet a demand in line with present business conditions. Designed for cultured people with esthetic tastes and thrifty habits—especially desirable for couples and single ladies. References required {from purchasers as we intend to restrict the personnel of home buyers in this development—making an ideal environment. Splendid neighborhood of much more pretentious homes. Convenient to car, bus, churches and stores. 5 bullt or buudlnl ing desirability and value. Attend eur second exhibit home, this vleek end. TO INSPECT: Drive over Key Bridge out Lee Highe way to Thrifton Station—See our signs, follow direce tional arrows to property. All houses have hardwood trim and floors, paneled walls, and artistic electric fixtures. The kitchens are all white, with inlaid linoleum floors. “The construction industry has been an outstanding example of this abnormal condition for eight years with an average estimated as high as 20 cent above normal activity. The deficit in con- struction prior to 1921 was not great and was compensated for by the be- ginning of 1927, so that for the follow- ing two years a huge surplus was piled up. H. Small & Co., Bldrs. EXCLUSIVE MICHIGAN MANOR LOW price 717 Umon Trust Bldg. Small Cash Payment Moderate Terms Robert E. Kline, Jr., Owner NA. 6799 Or Any Broker Clarendon, Va. BRUMBACK Owners and Developers REALTY CO. Phone Clar. 1102 A Home of Pride A beautiful semi-detached brick home. Pret- tier than any homes since the war. More complete in appointments than homes twice their price. In a com- munity unexcelled in natural beauty, with future pos sibilities of enhancing values—A home that will be modern twenty years from now. WE CHALLENGE COMPARISON Take Brookland car to Michigan Ave. (end of l;'ne). walk right to 14th St., or drive out Rhode sland Ave., turn north at 12th St. and right on Michigan Ave. to 14th St. “Much of this has been absorbed, but much still remains in some divisions of cconstruction. h::relter gener‘lmbtm activity will have to appear ! this E{C&l. However, several factors indicate a reversal in trend. Among these is the relation which mortgage money costs \;len ‘l:‘ Lbu»:lldm‘ :sc‘m for 30 irs show ilding n- - terest vate curves parallel esch other in | Frigidaire their fluctuations; that building con- RS structicn increases as interest rates de- cline, but that the increase in construc- | Cedar tion lags behind the decrease in interest | Cjoeqr, rates from several weeks to more than a year. The lag between the current curves has now extended more than a| . year and the upturn in the buiiding | Fire eurve is fully due. Place "nun!ehmumamtflthe . downward trend in construction gen- erally has not been entirely checked, it 198%Fr. has flattened out to an almost horl gontal movement of stabilization, and that a definite upturn will be apparent before Summer.” CHEVY CHASE, CHEVY CHASE, D. C. D. C. Breechwond Chevy Chasc. Maryland 6310 Hillcrest Place—$19.750 English type home on attractive wooded lot. House contains 6 large rooms (3 bedrooms), 2 baths, large recreation room, Frigidaire, screens, 2-car garage. 6306 Hillcrest Place—$22.750 Colonial home, containing 7 rooms (4 bedrooms), butler's pantry, recreation room, Frigidaire, large screened porch, 2-car garage, wooded lot. Tower Bldg., 14th & K Dist. 0853 Saturday—Sunday 5033 7th St. N.W. (S.E. Corner 7th & Gallatin) $9,950 Corner Brick—Center Hall Beldom 15 there an opportunity of- desirable community to BEAUTIFUL CENTER HALL BRICK, GREEN TILE ROOF 51 19 38 h S In what is recognized as the most beautiful and t e desirable residential section of Chevy Chase, this fine Just Below Harrison St. home is offered for sale at a price greatly below its real value. The lot has a frontage of 85 feet on 38th LOW PRICE Street, and is attractively set out with hedge and A FEATURE l:hilu‘”. On th]a first floor is *: large Gcantler-cntnnu all, immense living room with open fireplace, music = , large dining room, breakfast room, OPEN SUNDAY big bright kitch Drive Out Conn. Ave. to Harrison St. One Square West to 38th St. 6317 Brechwood Drive—$21.500 Center hall Colonial home of 6 rooms (3 bedrooms). 2 baths, servant’s bath in basement, large screened porch, 2-car attached garage, Frigidaire, large wooded corner lot. 2624 Garfield Street One-half block off Conn. Ave. and near Conn. Ave. Bridge $13950 10 Rooms—2 Baths—Qil Burner Here is an opportunity seldom offered to get a home in this desirable section that will pay for itself. Entirely redecorated throughout —modern in all particulars—new electric fix- tures—new Ruud Water Heater—new gas range—one floor arranged as a most complete apartment. INSPECT SUNDAY We will make attractive terms NATIONAL MORTGAGE & INVESTMENT CORP. 1004 Vermont Ave. Natl. 5833 big bright kitchen and pantry, screened porch off din- ing room. On second floor there are 4 large bedrooms, 2 tiled baths, maid’s room and bath in basement. 2-car built-in garage. Schools, stores and churches easily H.G. Smithy Co. 1418 SUCCESSOR TO lucnlua Havst CNOEL Sansburq EOMPANY INC. Other Homes From $17.000 To reach Subdivision, drive out Conmecticut Ave. to Thornapple ine, Street end turn left, west, two blocks to Beechwood Drive. e e investor “will "aepee | immediately. ; J. E. Douglass Co. ; 1621 K St. NW. Met. 5678 Houses are open every day until dark. G. F. MIKKELSON & SON 200 W. Thornapple Street Wisconsin 4255 Chevy Chase, Md. Wisconsin 3018 An Unusual Home for $8,950 One of the few 20-foot-front hories in Petworth, high eleva- tion, overlooking Sherman Cirele. 4819 Illinois Ave. Complete, in every detall —8 rooms, built - in bILh, luaenl, ‘weather s concrete near St. Gabriel's Church, public and parochial schools, stores, etc. Handy to Ga. ave. car lines; passes the door. Ev in splendid condition. Open for Inspection R. M. HOOKER 313 Seaton Place N.E. An Unusual Opportunity To Purchase a Good Howse at the Right Price Only $6,950 With Very Easy Terms 6605 16th St. N.W. Smart, Distinctive New House in Exclusive Section $15.750 6411 Ridgewood Avenue, Chevy Chase This charming English type home in a setting of beautiful shade trees and flowering dogwood presents a picture as pleasing as you will find. The interior of this home is delightful with its stained chestnut trim and textone walls. The six rooms are of excellent size-and the 2 tiled baths most modernly appointed. There is a finished maid's room. Detached garage. Electrical Refrigeration. TO REACH: Out Conn. Ave., turning lsl! on West Thornapple St. 2 blocks to Rl!fltm left"to property. OPEN ALL DAY SUNDAY EdW. H. Jones GCO. Inc. Chevy Chase Propertied, 5520 Conn. Ave. These homes combine beautiful architecture, « splendid construction and unusual 3355 Military Road 2 Blocks East of Cenn. Ave. Open All Day Sunday and Daily, 3 to 9 P.M. DETACHED ALL-BRICK COLONIAL— 2 TILED BATHS $13,975 SOLIDLY BUILT ... BEST MATERIALS THROUGHOUT w:':v%nlzuluav be'l;n‘m !A’n-ll. o058, 8 shower SOUTHERN out. e;lreph;o Big, finely ulmaumn moum EXPOSURE ey ov u;é‘ Toof. GARAGE. Bullt on deep, level Tot on beautiful paved street. ssmrHELps e HOME OF Six big rooms, 3 large ”rrbn, h.-w.h., electric lights, all. m reconditioned. White local wew Techmical High School. Open All Day Sunday CAFRITZ B4h & K Dist. 9080 | Subscribe Today It costs only about 1% emu Kr day and 5 cents Sundays to ve Washington's best newspa- per delivered to you regularly every evening and Sunday morn- u!mephono National 5000 and 1417 K St B immedi- the delivery will start The Route Agent will col- 4t the end of each month. finish and equipment. 10 large rooms, high ceilinged living room, 3 baths, 1st floor lavatory, 2%ar brick garage Priced Far Below Reproduction Cost OPEN SUNDAY, 10 AM. Till Dark MSKEEVER &£ GOS$ 1. NA. 4750 1415 K ST. N.W.