Evening Star Newspaper, August 15, 1931, Page 20

* REAL ESTATE, THE EVENING STAR, WASHINGTON, D. C, SATURDAY, AITGUST 15, 1931. BUSINESS “BETTER' INPLANNED CITIES Parks and Open Space Im- portant to Welfare, Says Recreation Secretary. usiness thrives better in the city that is planned for living,” Howard S. Braucher, secretary of the National Recreation Association, declares in Rec- Teation, devoted to problems of recre- stion areas in real estate subdivisions. “Business is only a means toward “We must choose first, as we build and rebulld our cities, the land the children need and let business and industry take the best that ic left. * * * And yet, from the point of view of biisiness, more money is made when land is saved for parks, play- grounds and open spaces, because in this case the nine-tenths remaining is worth more than the ten-tenths. “Now is the time to set aside in per- petuity our parks, playgrounds, picnic grounds in- the country, swimming places, skating ponds, mountain and forests that should forever and always belong to all the people. Each year's delay makes the difficulties and the cost greater.” The magazine lists data on 527 sub- divisions in 258 citles which have set aside permanent recreation spaces. Of the subdivisions giving complete reports for this chart, 229, with a total acre- , have set aside 10,- for recreation purposes. Equipment, location and size of sub- division play areas, co-opetation of realtors with the city plan, school sites and control and financing of the recre- ation areas are other topics considered in_the magazine The article states: “Practically all rapidly growing cities in the United States during the past decade have been oversubdivided. Thousands of subdivid- ers who planned developments of the old stereotyped method of gridiron streets, with no open spaces, have gone out of business. “Some of the most experienced real estate developers believe that the solu- tion of this problem lies in the revamp- ing and replstting of well chosen sites and the inclusion of sufficient recrea- tion areas in doubt lead -to ‘@' renewed interest in them by, the public who is interested in homes in livable s neighborhoods.” BANK SELLS $1,000,000 IN MORTGAGED FARMS South Carolina Institution Estab- lishes Record for First Five Months of Year. Farm land sales totaling more than $1,000,000 were made by the Federal Land Bank of Columbia, 8. C., during the first five months of 1831, which represented the greatest amount of land ever sold by the bank in a similar length of time, the National Associa- tion of Real BEstate Boards reports, The association quotes F. H. Daniel, resident of the Columbia Bank, who edits in ost ".Vfl'¥ community to ;rnsnoe me’lp,z'rchm of all of the good farms now being offered for sale, so it is not a matter of financing that has hindered sales. ~ Until recent months people have lacked confidence farming. “Our experience in the sale of fore- iclosed lands in the last year leads me to believe in the returning confidence in the fundamental value of land, not only as a farming proposition, but as &n investment.” R A Shepherds to Cruise River. The annual Potomac River eruise of National Lodge, No. 2. Shepherds of Bethlehem, will be made tonight. The boat will leave the pier, Seventh and N A REAL BARGAIN 1819 B St. S.E. Open Daily Until 9 P.M. An attract oom home, with tiled dern in bath, letail and nicely finished Three large porches, A large yard, beaus tifully planted in roses; with a two-car garage. Price—$7,350 Very Easy Terms R. E. Kline, Jr., Owner 718 Union Trust Bldg. DL 5246 (Or Any Broker See Our New Sample! Open to 9 P.M. 1711 “D” St. N.E. *8,150 Tems A Most Complete Home! And Convenient Place to Live Near Eastern High—Jr. High and Graded Schools Convenient to Navy Yard and just a few minutes to all Government Departments "THg CLOSE-IN NEW HOME SECTION” COLONIAL DESIGN ALL BRICK! Six large Tooms, many closets, hardwood floors throughout, paneled papering, hardwood trim, numerous electric outlets and latest electric fixtures; large screened breakfast and sieeping porches; beautiful tiled bath with shower and many built-in fea- tures. SEE THE KITCHEN! with Westinghouse Architect's conception of the proposed new parish house of the Chevy Chase Presbyterian Church, at 5866 Chevy ‘The building, which is to be three stories Chase parkway, which is to be erected in height, will contain 35 rooms, with modern improvements for & school building. ture now being used as the parish house. The building was designed by Mayers, Murray & Phillip, New York architects. at a cost of approximately $65,000. T1REALTY BOARD SERVIGES CITED {National Association Secre- tary Informs Real Estate Men of Aids in Letter. It is good business for a real estate man to belong to his local realty board, especially during the present period, Herbert U. Nelson, executive secretary of the Natlonal Association of Real | Estate Boards, declares in a statement sent to real estate men of the country | today. | “reminder” covers 11 service: rendered by the realty organizations which can be used in developing indi- vidual - offices. ‘These are listed as | follows “‘Membership in a local real estate board gives a real estate man personal contacts that bring business, Saves Legal Costs. “The real estate board saves him legal costs by reason of jte facilities for arbitration. In every business differ- It will replace the temporary struc- ‘FREE-LOT’ OPERATORS HELD ACTIVE HERE Executive Secretary of Washington Real Estate Board Reports Condemned Practice. “Free-lot” np('r.utnrs again are active | in" Washington, it was reported today by John A. Petty, executive secretary of the Washington Real Estate Board, which condemns the method of selling property as misleading and based on misrepre- sentations. Better Business Bureaus over the country have issued warnings against this type of operation, pointing out that the award of a “free” lot is but a scheme to promote the sale of property. In some instances the “free” lot is “won"" a drawing and in others it is “awarded,” Mr. Petty explained. How- ever, he added, it is almost the invari- able practice that the lucky one must pay the alleged costs for surveying, transfer of title and other expenses, which range from approximately $40 to $50, out of which the promoter almost always realizes a handsome profit on the Iot “given awa At one time there ‘was a profitable done in the sale of winds. ‘Three knots wonld be sold with instruc- tions to the effect that with the untying of the first knot, the buyer would have a. good gale, with the untying of the sec- ong knot would come a very strong wind, and the third knot's untying|less they also can offer all the other L. | factors so important to modern indus- | ' ‘would be a very severe tempest. [Factory Site Gifts Are Spurned Now | In Locating Plants 1 !Community Hospitality | Hits Snag as Other Costs ! Take Precedence. In 1653 the town of Watertown, Mass., granted two acres of land to & | brickmaker on_the - condition tnat he remain in the town and engage in the | manufacture of brick. Ten years earlier | Rowley, Mass, made use of the same practice to secure & mill, and the rec- |ords show that Thomas Nelson was given “10 acres of lana for encourage- ment toward building a mill.” |, But the hospitality of communities | that offer free, or nearly free, lands to | industries is declined today with thanks | by American manufacvurers, according | to 8. E. Lyons, Toronto, Canada, chair- | man of the Industrial Property Division |of the National Association of Real Estate Boards. | Writing in the association’s, series of fw public, g “l‘avn '&'.? mdl or the 3 . S Says Teal estate costs are the last factor to be considered in making final decisions as | | to where mills, fs it by procuring rent | he frowns on generous communities un J. B. Tiffey, Bldr. CHOICE ~6 or 7 Rooms 2 Complete Baths JUST 2 LEFT Beautiful Marietta Park A wonderful home in a beautiful community where all homes are new and pretty—and your neighbors selected with utmost care. EVERY LUXURY Large covered front porch, double rear porches, fully screened, six bright, cheerful rooms, two com- plete baths, Westinghouse electric ventilator, unusually large kitchen, huge pantry, electric refrigeration, cedar close garage. , storage rooms Beautiful lot, paved street and alley. in cellar, fireplace, built-in Tnquestionably the best value ever offered and at & price less than you expected to pay. Take 14th St houses EIGHT ROOMS car_marked walk west 10 houses, or drive out KOMA" get of at “ONEIDA Py " 5th’ St left at ONEIDA and 3608 INGOMAR PLACE, NORTHWEST (Ome block east of Conw. Ave., detween Chevy Chase Parkway and Nebr. Ave) and TWO BATHS Two-car heated garage The finest houses and best values in the market at the price. éices with competitors and clients arise. When these are settled by a committee of men who understand the | issues and practices involved, money | and time are saved. More important, | however, arbitration ~preserves and | maintains existing business relation- ships. Law suits usually breed a bitter~ ness_that destroys them. “The real estate board aids him in | securing fair compensation for his ef- forts. ‘The commissions and fees for services established by the real estate board are generally accepted by the community and the courts as proper, “The real estate board makes avail- able to him the newest and best methods of real estate practice “The real estate board opens to him | try, and a practice begun when this | country was first settled and continued | until recently is fast dying out. | Labor Is Important. | cittes hungry 1o pay rolls, swelling | populations and the prestige of housing manufacturing were successful with | their reduced prices, reduced rents and | outright presents of sites until markets, | fuel and labor took on new importance. “Labor, layout of buildings (if it is improved property that is offered), cost of securing material, power, fuel, water, transportation and markets are far more important than the actual real estate Sources of accurate and up-to-date i | investment,” says Mr. Lyons. “The ex- |formation concerning real property, { pert, out to find the best *home’ for an | In his local board are records concern. industry, whether it manufactures fur- | ing property restrictions, sales and niture or hairpins, compares locations | Values in his own community. In his in terms of operating costs rather than | Dational association he is offered the Teal estate cost. | most_extensive library on real estate “An_absolutely free site might be | o iensmgmiolcd: Staffed by experts rea | worth less than nothing to an industry | t any {1f it was not correctly located in regard | for a 2 | to markets, labor and tne other impor- | |tant items described above. The big] thing is to get a site where the goods “The can be produced, sold and distributed | business at & low cost. W"_ t and give him the answer questions he may ask, available ~cent stamp. Develops Business. Teal estate board develops _opportunities from and in | other cities, resulting from contact with B e s | Public Approval | Has Again Been Shown in the Purchase of These Homes Before Completion 312 17th Place N.E. Is Now Open for Your Inspection Designed by a prominent architect. By builder. They contain such features rooms that are correctly proportioned. whose beauty will impress you. affordi uilt by an experienced Seven large, bright iled bath with shower, An extra lavatory and toilet, g an arrrangement for an upstairs apartment. A kitchen whose all-white beauty, design and type of fixtures can only be found in higher-priced homes. A large sized electric re- frigerator. Built-in garage. Hardwood floors and trim. The g:;'.‘(hf;orhood is restricted to white and adjoins Eastern High 0ol Reasonably priced. Convenient time payments can be arrranged. R. E. Kline, Jrl, Owner 718 Union Trust Bldg. Na. 6799 Or Any Broker T l ! ,l, l l | ANOTHER NEW GROUP OF CAFRITZ LIFETIME HOMES 5029 KANSAS AVE. N.W.. TERMS LESS THAN 9 RENT |Many New Features Found Only in Homes Selling for | Twice the Price — Only | | |"J*HESE new homes enjoy the advantages of a delightful lTruh'ichd location on a high elevation adjacent !o‘Grln; tnu'l Sherman Circles. 'y are convenient to schools, stores, churches and trans- | portation facilities and situated in wide, beautiful Kansas | Avenue—120 feet wide. | Only selected materials and skilled mechanics enables | Cafritz to give a home of highest quality and best construc- |tion. Tremendous buying power in carload lots effects a hopul saving which is passed on to the purchasers of these mes. In other words, you get a far better value plus fin - ity materials in Cafritz Lifetime Homes for l’lleu th:nq‘;:lu would otherwise be compelled to pay. Don’t Fail to See These Homes Today! TO REACH PROPERTY—Drive out New Hamp- shire Avenue to 5th Street to Kansas Ave. or take Sherman Circle Bus to Farragut Street. { opportunity members of the other boards through his national association. “The real estate board enables him to join with others in securing accept- ance and good will for real estate. The real estate board enables him to exchange experience with those who specialize in certain real estate func- tions. In his own board and in the divisions of the national association, he will find men who devote a major portion or all of their time to single activities such as management, finance, appraising, ipdustrial property or leasing, “The real estate board offers him to give his share of experience and work, be it large or small, for the advancement and honor of his calling. In this coun- we respect the man who respects ‘work. ‘The real estate board gives him a means of protecting his - commodity. Real estate transactions are primarily concerned with transfer of rights and privileges defined or established by laws. No business is more enmeéshed in law and no business. therefore, has more to lose or gain through unwise or wise restrictions, tax measures or regulations. A strong, alert real estat; board is the best protection the real estate interests of any community can have. thought, ““The privilege of using the designa- o | tion “Realtor. A chain of English institutions, known as “Bamnard’s Homes” for de- pendent children, includes s home where musically gifted children are trained for musical careers. See this group of New Superior Homes Marietl:a Park Semi-detached; large, land- scaped lots;.7 and 8 rooms; 1 and 2 baths; double built-in garages; paved streets and alleys. For quick sale— Choice, $10,750.00 Sample, 5713 Fourth St. N.W. 140 9 PM., Col. 9531 or UNUSUALLY ATTRACTIVE DETACHED CENTER-HALL HOME OLD CLEVELAND PARK One square west of Connecticut Ave. and one square from John Eaton School. The entire property is In immaculate’ condition. Three large bed rooms, servant's room, fireplace and many -other lovely and practical features. Fine shade trees and beautiful location. CALL OWNER. EMERSON 4107, OR INSPECT ANY TIME. 3315 ROSS PLACE N.W. REAL ES REALTY OWNERSHIP BILL IS STUDIED | | Illinois Legislature to Face Prob- lem of Corporate Restrictions in Coming Session, A bill which would have the law re- stated so that corporations could own and deal in real estate was tabled | ture in Tilinols, but will come up again when the lawmakers reconvene. Sig- nificant to realty interests is the fact | that the | $2,500 for meantime. As the law reads now in that State, corporations cannot own more land | than is necessary for the housing of | their own business, and bullding cor- rations cannot own more than one plece of realty. This means, the Na- fonal Association of Real Estate Boards explains, that & “building cor- poration cannot build and sell more than one structure unless it goes study of the question in the TR 3348 Mi itary Road $13,950 and %14,950 Here is a beautiful Colonial brick house with a frontage of over 200 ft. The center hall is entered through the most attractive doorway in Chevy commanding view up and down winding Nevada Ave. is a charming feature. 6 splendid Legislature has appropriated | z g TIUST OFF CONNECTICUT TATE, !t.\ruuh the machinery and I:l')‘et!n‘ up additional lor | purpose; and large scale housing | developments are preciuded unless they g0 througi the same process. An ex- ception in the Illinois statute permits | the ownership of realty for employe | home-owning purposes for & term of five years. In many States there appear to be | no decisions on the question of how much realty a corporation can own; in some States the decisions leave the in- | vestigator in a doubtful frame of mind as Lo what can be done; and in & few States there are limitations on the time that a corporation can own and operate Teal estate as its primary purpose. during the last session of the Legisla- | SHRINERS ON OUfING iAlmn Temple Members Go to Sea- | side Park. Members of Almas Temple, Ancient Arabic Order, Nobles of the Mystic Shrine, were on an outing today at Sea- side Park, Chesapeake Beach. The program, planned by a commit- tee headed by Dr. Thomas L. Miller included & band concert, swimming, dancing, fishing and crabbing Chase. A side porch with a S SRR AR R R R R S A A e A S A A A A A A A e I S SR rooms, breakfast alcove, lava- tory on first floor, three baths on second floor, give you a perfect home. You are invited to inspect the house you can't forget. Open all day Sunday and every day from 2 to 9, 1427 Eye A. G. HUGHES Nat'l 8744 REALTY ASSOCIATES An Unusual Opportunity to Purchase a Lovely Home in CHEVY CHASE 120 HESKETH STREET (2 blocks west of Chevy Chase Circle) Terms If Desired FEATURES ‘This home, of the popular cen- ter-hall type, has four (4) bed rooms, 2 baths, lovely living room full depth of house, covered side porch, 2-car brick garage, com= plete and in new-house condi- tion, screcns, weather g:cklc refrigeration, A dscaped lot overlooking the grounds of the Chevy Chase Club. OPEN ALL DAY SUNDAY Newbold, Canby & DeNeale Few Houses at any price Give you these Ultra- Modern Refinements A $§15,000 Home for $9,950 These astounding bargains at 39,950 are due-to our merchandising method, Ask us ‘to explain, 1. Maple - ficor- ed, wood- panelled ball room and lounge room, wrought iron railing. $300 Oxford Kitchen Cab- inet. . Gas Furnace. Built-in Gen- eral Electri Refrigeration. Built-In 3- Car. Heated S tand Sanitary Mirro Door. 14 Paved Street and Alley. 15.Double Oak Floo 16.Chest trim. 10.5 Built-in ard Bath 12. Metal Weath- er stripped, 13. Bronze Screen throughout. REALTORS 2 and with such before CLEV. 1948 it never spoke AUTHORITY ARD Times are BOON TIMES for the family that wants a home of its own . . . much solid, life-long Today, a suprisingly and has a little money put away. Never before has a dollar bought so much real estate, so satisfaction and happiness as in HARVARD TERRACE today. small sum will make your dream come true. And such a home as you can have. There are few houses in Washington, at any price, that offer such lavish equipment, such elaborate ultra-modern appointments, such thoughtful planning and exquisite taste in deco= ration. And these red are solid, honestly built houses, from the maple-floored ballroom to the insulated roof. Built to keep you happy...cool selling at prices that in summer, snug and warm in winter . . . and would have seemed ridic- ulous two short years ago . . . prices that will seem just as amazing a year or two from now. rs nut See ... HARVARD » TERRACE TODAY The first Wonder-House, 1729 Hobart Street, opens today and will remain open from nine to nine. Dri 16th Street, turn off on out Mount Pleasant, turn left on Hobart, the first street after Harvard, 18.I nsulated Roof. Equi) electric _refrigeration; enameled gas range with heat control: floor covered with heavy inlaid linoleum—walls and ceiling with Sanitas; bullt-in breakfast set that folds away when not in use. Waple & James, Inc. 226 14th St. North 0962 Many special features Thomas J. Fisher & Company, Inc. 738 15th St. N.W. Phone Dist. 6830 Most beautiful and finest kitchens. and baths, found only in homes priced $25,000 up. And many other exclusive features you should see, RVARD TERRACE Develotqnent Corporation piroCorpm' s CAFRITZ ~ = Owners and Builders of Commumities Over 3,000 Lifetime Homes Built and Sold