Evening Star Newspaper, May 30, 1931, Page 14

REAL EROWTH IS SEEN N ZONNG PLEAS Board Wednesday to Hear Plans for Many Capital Buildings. (Continued From First Page) tial, 90-foot C_area classification to firsi commerclal, 80-foot, C area affects | four lots on the southwest corner of Eleventh street and Rhode Island ave- nue, a Presbyterian church location. This case has been previously dis-| Golf Course Proposed. Development of a golf course and clubhouse, it is reported, is proposed for the large tract located east of Georgia avenue, north of Geranium street and west of Blair road, near the District line, under a proposal to change the zoning restrictions on por- tions of the acreage from residential, | ed to residential, 40- ted area. A portion | of the site of the propesed golf course, on Georgia avenue, now has a first commercial classification. A change in zoning is asked to per- mit construction of stores in the third, building of the Westchester Apartment | development, now being erected in the Jarge tract west of Thirty-ninth strect | and near Cathedral avenue. Chang! from residential, 40-foot A area, to first commercial C area for a portion of the property is sought to permit provision of store quarters on the interior of the building, the corzmercial features being | designed to be invisible from the cutside | of the development. To make possible the construction of @ theater building on the west side of Connecticut avenue between Newark and Orqway streets, on thegite of the stone qi it is reportody chenge is sought in the zoning classification from residential, 60-foct C area, to first com- morcial, 60-foot C area. .While this change was rejectsd last year, it will b2 argued thet the site it not a likely one for a residence or apartment, now permitted. Permission to erect a Sunday school building and other church structures on the Presbyterian property on the south side of Patterson street between Chevy Chase Circle and Chevy Chase parkway is sought under a proposal to change the zoning there from residential, 40- foot A-restricted, to residential, 60-foot C area. Market Project Listed. A proposed changs in the zoning of roperty on the east side of Connecti- aue between Legeiion street and Military road from resid: ’ 40-foot A-restricted area ial, 60-foot C arca, would m. ie construc- Twelith sireet nerth : sible uncer a propcsal to chenge the zoning on the property from residential, 60-foct B area, to first commercial, 60- foot C arca Other petitions scheduled to be heard Wednesday include the following: Change fror t commercial, 60-foot ESTATE. THE EVENING STAR, WASHINGT( ] English House Purchased . COUNTRY CLUB HILLS HCME OF DR. ALEXANDER B. MOORE Woodlawn avenue, in Couniry Club Hills, which’ incorporates | English lines in modem com- | position, has been purchased by Dr. | Alexander B. Moore. The property overlooks the Washington Golf and HE large stone and brick resi- | | dence at Rock Spring drive and | Country Club and affords a view of | two of the rear bed rooms. ‘Washington in the distance. A curving pathway of flagstones leads | to the arched door of iron-bound oak,, presenting an old English effect. Above | the entrance is a large arched window giving onto a shallow iron-railed | balcony. Design Is English. In the first story is an entrance hall, with * English stairease: large living room to the left of the hall, with beamed celling and a spacious sun | parlor cccupying the entire end of the | \house; a dining room to the right of | the hall, which communicates with the kitchen through a dining alcove or | = il i e breakfast room, which contains a large built-in buffet cabinet and china clesct. To the rear of the staircase is a pes- sage leading to a large coat closet and first-floor lavatory. On the second floor are two large bed rooms, two smaller bed rooms and two tiled baths. A balcony opens off Basement Is Attractive. In the rear of the structure is an attached two-car garage reached by a biuestone driveway. The roof of the house is of tile of variegated shades. The house was built on a triangular lot, centaining 15,000 square feet, bor- dered by a barberry hedge. In the bascment are a large recrea- tion rocm, modern heating plant, in- cinerator, laundry and servants’ quar- ters and bath. The property was pur- chased from the builders, Brumback Rea'ty Co.. through the agency of the Arlington Realty Co. {REALTY MEN OWE DEBT TO STEPHEN C. FOSTER Writer of “My Old Kentucky Home™ Was Inspired in House That Still Stands. | | A white, jvy-covered Southern home, which is still_standing in Bardstown, Ky., inspired Stepien C. Foster, visitor from New York, to write “My Old Ken- tucky Home.” a song that has greatly {aided the rea) estate man's cauge, the! | National Association of Real *Estate Boards_cbserves in its weekly story for | the public. | Few know that Foster wrote the { famous verses during his honeymoon in 1852, or that th~ home which in- | spired_him was the residence of Judge John Rowan, who declined with scorn to defend “at any fee,” that “arch sus- | pect.” Aaron Burr, the board reports. | " The Rowan home stands on Federal | Hill, out a little way from the town, and it was here that Foster, a kins- © area, to second commercial, 60-foot D | man of Judge Rowan, brought his bride area, portion of property at 1620 First | from the even then noisy and bustling street. Change from residential, 40-foot B | area, to second commercial, 40-foot D area. on the southwest corner of Kansas | avenu> and Taylor s Change from reside restricted to resi: area, on the , 40-feot E-' tial, 60-foot B | t corner of Thir- teenth end Taylor sircet i Change from reside . 40-foot A-| 4 arca, to resideniial, 60-foot C arza, property included in arca between | Georgia avente and Twelfth street along Geranium strect. | residential, 40-foot A- restricted, to sccond commercial, 60-foot D area, property north of Spring place | on an unnamed street east of Chestnut | street. Change from residential, 40-foot A- | restricted area, to first commercial, 60- foot C area, on the east gide of Con- nectient avenue between ‘Ordway and | Macomb streets. | Change from residential, 40-foot A- restricted area, to first commercial, 40- | foot C area, on the southeast corner of | Eigtteenth and Upshur streets north- | east. BUILDING TOTAL GIVEN | Thirty - Seven States for Three | ‘Weeks Report $229,649,800. Construction contracts awarded in| the 37 States east of the Rockies| ounted to $72,513,800 for the week, ay 16 through 22, bringing the cumu Slative total for the first three weeks of the month up to $229,649,800, according | to F. W. Dodge Corporation. The major _construction classes were as follows: Residential building, $t 116,400; non-residential building, § 484.100, and public works and utiliti $83,049,300. U. S. INCOMES INCREASE 102,054 Persons Listed at $25.000 | Yearly in 1929. ! In 1914 there were 58,603 persons who | had incomes between $10,000 and $25,000 per year in the United States. In 1929 the number had increased to 269,700. In 1914, 22,185 persons re-. ported $25,000 incomes; in 1929, 102,054 | persons had this much money per year. “As a nation we are going in more and more for the sports and pastimes which the leisure class of Europe have | enjoyed for many years,” Forris Norris, Boston realtor states. By a new system in Europe three or more people can be cannected up by telephone, though they are in different towns or even countries, enabling them | to hold a joint conversation. g = T, /ACACIAN We Invite Your Application for a Real Estate Loan LOW INTEREST RATES COMMISSIONS REASONABLE COURTEOUS SERVICE Monthly Payments If Desired ASSETS MORE | THAN $40,000,000 | | | Prompt Action om Applications | Investment Department ACACIA | MUTUAL LIFE ASSOCIATION New York City. Lafayette, too, was entertained at “My Old Kentucky Home.” REALTY TRADES GROW Lack of Cash Is Cause, Baltimore Convention Is Told. Real estate is now entering a “trad- ing” market, Fred M. Clark, Chicago said in cutlining the present opportuni- tics for exchanges of urban and rural properties before the National Associa- tion of Real Estate Boards in conven- tion this week. “At the present time a much larger percentage of property than is ordi- narily the case cannot be moved on a cash basis. However, even where cash | is not available, or very little cash is aveilable, an exchange of properties | may be brought about, and such an exchange may be of advantage to both owners,” he said. i e PER CENT LEASES HELP | Highest Rentals Made as Result, Says Siedenbach. Percentage leascs, which give the realty owner a regular portion of the profits made commercial tenants, bring the highest possible rentals under present conditions, for any given loca- tion, Melville J. Siedenbach told mem- bers of the brokers' division of the National ' Association of Real Estate Boards in convention this week. This method of leasing commercial property has greatly aided in building | up American business, as many of the large chain organizations would not ex- pand if forced to pay rentals on any other than a percentage basls, said Mr. Siedenbach. | Corner $8,750-00 tapestry brick, 4 bed rooms and bath, built-in de porch, thoroughly modern, perfect condition, Two-story, garage, large s convenient terms. Open Sunday 2 £ J. A. MCKEEVER COMPANY 4 917 15th St. N.W. Dist. EDDIE, F5| FORTABLE IN HERE. JOE AND | ALWAYS WORRY ABOUT OUR NO WORRY TO Evenings of pleasure—with peace of mind—may be yours wita the RICHMOND HEATOMAT GAS BOILER. Wm. Montsomery, President 101 1 Avens Washington, D. C. Write or Telephone ) figutes are based on the normal 100 STOP 4th & M _ REAL HOME VALUE | EMMA, THE RICH- MOND HEATOMAT ALWAYS PROVIDES | EVEN TEMPERATURE, DR. GEORGE T. SHARP BUYS ViRGINIA TRACT Forestville Land of 50 Acres Is Purchased From N. E. Ryon Through Lecal Agent. Purchase of a 50-acre tract of land at Forestville, Va., by Dr. George Tar- plit Sharp from Norman E. Ryon was reported today by N. E. Ryon Co., Inc, which handled the trensaction in co- operation with F. W. Hi The property includes an eig! , cen- ter-hall residence and other buildings, | The same firm today anncunced the purchase by Miss Coralye S. Richard- sgn_from Mrs. Bealle J. Daker of al 3-acre property at M-Lean, Va, in- cluding an eight-room colonial dwelling reputad to be about a century old. REALTY INDEX GAINS Figure for April Is Based on Deeds Recorded in 64 Cities. The regular monthly index figure | computed from realty deeds recorded in 64 cities by the National Association of Rea] Estate Boards for April is 62. The March figure was 61.7. These used for deeds 1926. recorded in the year| Give Cost of Plumbing. Building contractors have found that the cost of plumbing fixtures and in- stallation is 9.9 per cent of the total cost of a home. The cost of the heat- ing plant and its installation in the average home is 8.3 per cent, according to the Plumbing and Heating Indus- tries Bureau. Two New Detached Brick and Stucco Residences 3815-3817 Legation St. N.W. 12 Block West Conn. Ave., Chevy Chase, D. C. 8 rooms, 2 baths, h.-w. h,, elec., cak floors, open fireplace, siate roof, copper guttering. spouting and screened throughout; garages to match houses, ‘These homes must be seen to be appreciated. Price and terms are too attractive to be overlooked. Open day and evening. Sales- man on premises. Attention Any Broker H. H. CARTER, Realtor Phone Nat. 4178, 306 Investment Blds. Sts. N.E. Center Hall p.m. until sold 9706 i VALLE OF REALTY HELD SOUNDIN S, P. B. Bowen Tells Real Estate Men Obsolescence Factor More Important. Realty values based on properly stabilized earnings remained sound, {foreclosure sales of property have been few in comparison with the number of loans made, and retail values in con- gested areas remain firm, said Percival B. Bowen, Buffalo, N. Y., realtor, speak- ing before the mortgage and finance division of the National Association of Real Estate Boards at the Baltimore. convention yesterday. Speaking on what the experiences of the last two years have taught real estate mortgage men, Mr. Bowen de- clared that realty values, as differen- tiated from realty prices, are still sound in this country, but that the depression in this field has shown a disregard of some principles which he calls funda- mental, and at whose door he lays the hard times suf}ered by real estate*men. Lists Principles. The years 1929 and 1930 show that obsolescence is a much more impor- tant factor in the real estite mortgage fleld than previously supposed, that most first mortgages should be amor- tized, that tax systems need revision throughout the country from the point of view of not permitting them to be- come a lien ahead of a mortgage claim, that realty appraisals can be “over- erthusiastic” during prosperous timas, and that all real estate men should save more_money personally so they can get along without commissions, if an- other depression should occur. In the cas® of the real estate mort- gage field, the principle of supply and demand operated just as inexorably in , D. C., SATURDAY, CO-OPERATIVE MANAGERS | SOLVE INSURANCE ISSUE Have Policies Covering Structures Indorsed to Exclude “Extras” Built by Owners. Managers of co-operative structures have solved the new problem of how to insure costly “extras” that owners butld | into their individual units, by ha\lns! policiés covering such structures in- i dorsed to exclude such improvements, Walter C. Stearns, jr., fold menibers of the co-operative apartment division of the Natlonal Association of Real Estate Boards in convention dt Balti- more Thursday. The puzzle occurred because the law holds that improvements are a part of a building no matter who installs them. With owners adding features in single apartments running as high as $100, €00 in cost, such additions add to the value of the whole structure; yet such owners also carry fire insurance on the furnishings and other contents of their flats. If the management increased the insurance on the entire bullding to|! cover such costly extras, this would add to the annual expenses, and a du- plication in insurancé would occur be- cause the owner's private policies also include such improvements. Because loans are made on the values of such buildings before such improve- ments are put in, several leading fire insurance clompanies and New York mortgige companies have agreed to the use of the “indorsement” which dis- claims any responsibility under the building insurance for owner additions, nnmma';ter how expensive they may be, e 1929 as many years ago, and regardless | 2 of all other modern factors, real estate | i Ll securities will be depressed if too many | at Connecticut Avenue and buildings are erected, sid the speaker. the Klingle Bridge. | Obsolescence Factor. | “I think a cause that has had a ma- Apartments of terial part in the severity of this de- | pression has been the increased factor | of obsolescence, The time was when P a residence or apartment house depre- | Distinction ciated in value as the actual physical ; structure wore out. Today obsolescence | with Is & much more serious factor than | H purely physical depreciation; in fact we have seen case after case where the | otel Advantages buildings, physically still in beautiful | DEALLY situated — overlook- condition, have been torn down be-| I ing beautiful Klingle Park with its lovely vista of stately trees — every voom an outside room—all the comforts of home with the advantages of an exclusive hotel—what more desirable place of residence | cause of the obsolescence factor. “I believe that this trend will in- | could you select than Woodley Park Towers, crease in the future, that there are| new developments coming along in con- struction that will affect our urban values tremendously in the future.” SUNSHINE HOMES IN BEAUTIFUL MICHIGAN PARK Detached and semi-detached homes embracing beauts, newest ideas in mo Consider our upusual prices for these splencid all-brick individual homes. They Apartments with sun parlors | and outside porches offering a wonderful view of the city and surrounding countryside; Fri- gidaire in every apartment, ga- rage service, secretarial service, beautiful reception room, res- taurant and beauty parlor on vill meet your every demand of what a real home should be and they off value beyond your highest expectations. Six large room: Large coat clos mirror door. Built-in_china_ closet. Real open fireplace. Large bright kitchen: pantry. Double drain board Silent toilet. 4 5 sink. Majestic refrigerator. Fmbossed linoleum. Large, bright cellar, Tiled ‘bath. buiit-in tub, shower. ages. Large rooms iots. We will arrange satisfactory terms To inspect. out either Rhode Isiand Ave. or Michigan Ave. to 12th St V.E.. le/t on 12th St. to Upshur St.. left pshur St. one block to sample home. 10th N.E. Open every evening drive ntil 9 p. Breuninger & Phifer 1103 Vermont Ave. National 7713 Homes Built to Last Substantial Construction a Feature 1720 C Street N.E. Facing the New 160-Foot Boulevard Seven large rooms, with a tiled bath and shower. Artistically finished with hare led walls and harmonizing fixtures. kitchen, with Frigidaire and cious screened and opened porches, Built-in garage. Paved alley. Beautiful rolling lawns. New Restricted Section Adjoining Eastern High School Prices and Terms R. E. Kline, 718 Union Trust Bldg. Or Any To Inspect—Drive North from 13th and East Capitol the premises, are but some of | the unusual features provided for your comfort. Several Desirable Apartment Suites Now Available An apartment containing living room, foyer, sun parlor, dining room, kitchen and bath. Another apartment containing living room, foyer, open porch, two bedrooms and bath. Apply Resident Manager Columbia 2737 ¥INIBRITRANA, iwood trim and floors, panel- A beautiful white inlaid linoleum floor. Spa- Very Reasonable Jr., Owner Nat'l 6799 RRIERIVRNNINNNIRONTATAINISIRIRTRIAIIRIE Broker W. €. & A E. G. Schafer Co. 4100 GEORGIA AVE. N.W. ADAMS 0145 A PICTURE UNNECESSARY @A CHARMING house of Colonial design in a gorgeous setting of forest and cultivated trees, shrubbery and flowers presents a picture, already con- ceived in your mind—as the ideal home. 9 Rooms—5 Bedrooms, 3 Baths $19,750 Open All Day Sunday 3705 Harrison St. N.W., Chevy Chase, D. C. 1119 17th St. N.W. MAY 30, 1931 ESTATES READY-MADE R. A, White Declares Americans| Like Them Best. Americans like their country estates ready made, and six out of every seven | sold even have the water in the swim- ming_pool when :the buyer makes out his check fn six figures, R. A. White, Great Neck, Long Island, told members of the farm lands and country estates division of ‘the National Association of | Real Estate Boards yesterday. Mr. White defined a “country estate” as any property with at least an acre or two of land and a minimum valu- ation of $100,000. He sald that few purchasers of such estates want to develop them them- selves and that properties improved with homes, stables, formal gardens and swimming pools are easier to sell to the wealthy than vacant land suitable for such use. Attractive Modern Home In All-White Eckington 2017 3rd Street N.E. Open Until 9 P.M. Near the New Tech Hirh School Just off Rhode Island Avenue | Seven rooms, tile bath, extra bath in basement, hardwood trim and floors, beautifully paneled walls and artistic fixtures. ‘The lot is 154 feet deep—plenty of room for gardening and flowers. Street and Alley Paved R. E. KLINE, Jr. Owner 718 Union Trust Dist. 5246 Or Any Broker Building REAL ESTATE. Warren Development PETWORTH 58,750 Up Third & Emerson Streets Northwest Facing Beautiful Hampshire Gardens 6 Rooms and Bath—8 Rooms and 2 Baths Allbrick construction—no old or sand brick used. Covered front porch, cement floor and brick pillars. Double rear porches — copper screened. Hardwood natural trim. White oak floors throughout. Sanitas-covered walls in kitchen and bath. Standard plumbing fixtures, Colored tiled baths. Colonial lighting fixtures, Cedar closets. General Electric refrigerators. Electric clock and ventilator in kitchen. Large and cabinet, inoleum in kitchen, arage. Come out now and choose your house while they are under construction, so we may incorporate your own ideas as to color schemes in the bath and kitchen, the type of electric fixtures you want and the color wall paper desired. Don't Forget the Location—3rd and Emerson_Streets morth- west. Drive out New Hampshire Avenue to Emerson Street, and ‘turn left on Emerson Street one block to the houses. SAMUEL S. SPRUCE NAtional 9419 Corner 23 Fr. Wide 8 Rooms, 2 Baths Garage Price, $12,250 complete kitchen Tower Bldg. A CHARMING SEMI-DETACHED HOME Highest Elevation in MARIETTA PARK 714 Beautifully landscaped. Oglethorpe St. N.W. View of Paul Junior High School Eight rooms and two complete baths. Constructed of solid brick and stone throughout, sub- stantial materials, including copper gutters and downspouts. Only One Left Built-in garage. Lot 30x170 feet. Plumbing fixtures in chronium, heavy white oak floors, handsome electric fixtures; artistically decorated, with the woodwork finished in beautiful Circassian walnut, and many other features that you would only expect to find in a home of twice this price. Inspect Today—Open and Lighted—Day and Night DIRECTIONS—Drive out Sth, turn right at Ogelthorpe, or 14th St. car marked Takoma: off at 8th and north to Oglethorpe, right to house, or out Rock Creek Park to Military Road, then east to property. BURDETT STRYKER For Sale By Owner and Builder Beitzell & Horning, District 0853, or your own broker. Corner Residence IN WESLEY HEIGHTS . N. -Miller Decatur 0610 Lot 90x103 Corner of Hawthorne & 44th Place Your opportunity to secure the finest corner in Wesley Heights at a reasonable price. The present owner has not neglected a single opportunity to add to this beautiful home in the way of all kinds of shrubbery, roses and flowers of every de- scription, something you can’t buy in a new home, for it takes years to plan and grow. Built about five years ago by W. C. & A. N. Miller, containing eight rooms, two baths and two-car garage. Large living room, dining room, kitchen, pantry and lavatory on first floor. Four bed rooms and two baths on the second floor. If you are looking for a home, see this one, for here you have the best location in our wonderful city. Itis in that well known restrictive section of Wesley Heights, surrounded by parks, large estates, wooded section, beautiful lawns and shrubbery everywhere. Buy this residence and you will always be satisfied that there is no other location you would rather live in. Don’t buy in a good section, BUY IN THE BEST SECTION Open for Inspection Saturday, Sunday and Monday Phone District 8888 MARKHAM & ZIRKLE, Inc. Barr Building, 910 17th St. sudien e