Evening Star Newspaper, September 12, 1931, Page 17

REAL ESTATE WASHINGTON, D. C, he 4 nfinifi %faf‘ SATURDAY, SEPTENBER 12, 1931 WITH SUNDAY MORNING EDITION BUILDING NEWS Home-Owning and Building Section for Washington and Suburbs BIDS ASKED ON NEW HOME OF U. 5. SUPREME COURT "Work to Get Under Way Soon on $7.500,- | | POLICY ON REALTY LOANS IS REPORTED UNCHANGED National Association Says Survey Indicates Insurance | Companies Still Have Faith in Real Estate Investments. HE fourth annual outline of tion of Real Estate Boards, i ¥ ported today. “There has been no change i during the past year that would show any lessening interest in real estate. The majority continue to lean up to 50 per cent of the value of almost any type of property, including farms, and the table of maximum amounts loaned shows on last year's survey,” the associat “Several companies lend from $200.000 to a half million dollars on commercial and large apartment buildings, and one company will | finance office buildings up to a million dollars.” | The reports of the companies indicate that millions of dollars | are ready to be placed on well sel This survey is prepared by the mort- gage and finance and brokers divisions of the real cstate association. whose members find these data immensely valu- able in their work of arranging realty loans. More Companies Report. Twenty-three more companies Te- ported this year than last. All but a few lend on all usual types of properties, which include detached single family homes, duplex homes. two apartments, | larger apartments. combination apart- | ments and store buildings, office build- ings and farms. | Of the 131 companies reporting. 118 will use their funas for loans on single family homes. The next most popular investment is the duplex, or two-family dwelling. Nincty-two of the companies place loans on this kind of structure. Seventy-nine of the companies take “two apartments": 60 take larger apart- ments, 65 handle combination apart- ments and stores: 87 advance funds for commercial buildings, and 69 take farm loans. Ten of the companies loan on churches, one of these companies lists sums up to $100,000 being available for church building financing: 10 loan on industrial property: three take ranches and plantations: two take lodges: one clubs; one takes unim- proved city property, and one takes real estate bonds when guarantced by a surety company. Some limit loans on certain types of property to 40 per cent, two limit cer- tain types to 30 per cent. but 16 give 60 per cent, and two loan 6623 per cent. ‘Two lend 66 per cent on “larger” apart- ment buildings. Loans Vary From $3,000 Up. The amounts loaned vary from $3,000, accepted by one company on single- family detached houses, to the million- dollar figure on office bufldings listed by one company. Ten thousand dollars for single-family detached homes is listed most often as the maximum ad- vanced for this class of property. Sev- eral companies lend $15.000 on such homes, one company lends $75.000 on single-family homes. and one company will loan $95,500 on one-family struc- tures. One company has $500.000 loans for commercial buildings, another will lend $400,000; one company will lend $500,- 000 on a large apartment building, and another has $200.000 loans for this pur- pose. Several companies state that there is no limit to the amount they will lend on any usual type of property. | The length of the loans varies from jear, under which one company to 16 years, given by one com- pany. Five-year loans are listed by the greatest number of the companies, 70 of them extending credit for that time. Thirty-four give 10 years; three give 12 years and three give 15 years. insurance companies, just completed by the National Associa- which such companies regard realty investment, it was re- the real estate loan policies of 131 | ndicates the continuing favor with n the policies of these companies some larger totals than appeared ion states. ected real estate | Washington, Realty Assééialion 1 Seeks Oldest Home | In U. S. for Shrine Would Dedicate It toi Ideals Founded on | Ownership. { | nurses, Where is the oldest home in the United States? Is it hidden in the streets of some great city that has grown up around it, or is it standing in some quaint country town with old trees shading its doorway? Is it the old Fairbanks home at Ded- ham. Mass., variously reported as the oldest and the second oldest residence still standing on this continent? Is it the home of Paul Revere, is it the quaint shingled house of John and Priscilla Alden, or is it a home never known of before? The National Association of Real Es- tate Boards wants to locate the oldest home, and start a movement to preserve it as a shrine dedicated to the id-als that are founded on home ownership. Herbert U. Nelson, executive secretary of the association, says: “‘American battle sites are marked be- cause cf their significance in American | life. The birthplaces of American heroes are preserved to remind the public what these men did for our country. * * * The desire for home ownership had an equal part in making America great. The longing for a bit of land drove men and wcmen through the Western wilder- ness. The wish to keep their homes has made men work on our farms, and in our factories, and in our offices ne nselfishness, thrift, ambition. and progress have played their parts in American life because somebody wanted a home. would like to see & shrine made of the oldest American home. Its very age would be bound to make it appealing. It wculd do more to sell home owning than the words of the best salesman. I would like to see children make pilgrim- ages to it and there be imbued with the wish for their own hearths that will ' follow them throughout their lives.” ‘The old Fairbanks home was built in 1636. It was cccupied by lineal descend- 2nts of the family until 1903. The house is built entirely of lumber and plaster, except for the chimneys, door steps. etc. and the old oak framing _has achieved a rich chocolate brown. It is believed the timbers were originally ship timbers. i The Real Estate Associaticn asks that Children’s Sanatorium to Fill Long-Felt Need Will Go Up on Large] Tract in Prince Georges Co. WORK WILL START WITHIN 3 MONTHS Accommiodationstlox 250 M- | berculosis Patients to Be Provided. ful measure for suffering chil- | dren and, at the same time, | add a new group of buildings of a character in keeping with the de- | velopment of a more beautiful Greater is to be started by the District_government before the end of the year. The project is the Children’s Tuber- culosis Sanatorium and a companion group of smaller buildings to be erected on a large tract at Randle Station, in Prince Georges County, plans for which now are being completed by the office of Municipal Architect A. L. Harris. It is expected construction will be started in December. ‘When the roject is completed, there will be facilities for the treatment of maximum of 250 children who are suffering from various stages of tuber- culosis, with adequate housing for the technicians, _superintendent, resident physician, and the necessary domestic workers. Needed for Long Time. Such a sanatorium, modern in equip- ment and commodious in housing fa- cllities, removed from congested ocity conditions, has been held to be sorely needed for some time, the District now having no building of this character where all needed facilities are com- bined. The development may take on a much larger importance in future years, since interested District officials and members of Congress already have in mind the building of a new tubercu- losis hospital for adult patients. in the same suburban tract, to replace the present adult institution at Fourteenth and Upshur_streets. The Upshur street hospital when built vears ago was in what was a suburban section, but since then has become congested. It now is inade- quate in size and the overflow of pa- tients is cared for at Gallinger Hos- pital. There is ample space in the site of the children’s sanatorium for the building of a larger new adult hospital. George S. Wilson, director of public welfare of the District. among others, has recommended that a new aduls tuberculosis hospital be erected there. Homelike Aspect Sought. A Colonial architectural motif has been selected for the buildings and plans show an effort to produce a homelike aspect in even the large main building, which will provide all the hospital quarters designed for the care and treatment of the juvenile tuber- cular patients. From the architectural point of view, however, there is even more of an_in- teresting study in the design of the nurses’ home, which appears devoid of an institutional feeling and which, in fact, is a near likeness of the historic Brice house at Annapolis The Brice House was erected in 1740 by Thomas Jennings and is re- garded by some as one of the most dig- NEW construction operation, de- | A signed to provide aid in bounti- | Rl L O Design for the nurses' home to be erected at Buena Vista, near Randle Station, Prince Georges County. Md part of the Children’s Tuberculosis Sanatorium development, construction of which is to be started late this year. design of the nurses’ home is copied after that of the historic Brice House at Annapolis, Md. nified houses in Maryland. and a worthy expression of the English re- naissance style of architecture in the colonies. In the design of the nurses' home, the entrance of the Brice house has been supplanted by a practical copy of the details of the entrance of West- over, home built by Willlam Byrd. 2d near the James River, in Charles City County, Va., about 1730. nned to use handmade brick construction of the house, ac- cording to the plans, in order to lend a more authentic Colonial character to the T ck to be common in Colonfal structures. There will be three windows on either side of the entrance in the main facade of the nurses’ home. differing somewhat from the fenestration of the Brice house. The house will have an over-all width of 182 feet, including the wings at either side, portion being 67 feet wide. e nurses rters for a stafl large living room. entrance hall, re- ception room and kitchen. with the residence quarters subdivided among the various grades of the staff. Space Being Allocated. The planning of the interior quar- ters of the main sanatorium building is being given detailed study to as- sure proper division of space among the various needs for specialized treatment and hospitalization of the patients The plan generally is to segregate the various types of patients so that the most serious cases will be cared for on the top floor and the least serious or convalescent children in the first floor rooms. With the advice of numerous con- sultants, including physicians and spe- cialists, both in and out of the Distric service, the municipal arckitect staff is allocating space for various cilities, including private rooms, cub- icles, laboratori for the most modern types of specialized treatment, an op- erating_room, Kitchens rooms and all the necessary make a modern hospital The building is to be erected in sections. the central unit first, e tensions to be made later as the n arises for more room and as appre are provided by Congress priations quarters, hospital All the administrative facilities and laboratori however, are to be provided for in t main section to be erected first, and the later addi- tions are to provide quarters only for more beds Tract Already Purchased. The development s to be erected on a tract of more than 200 acres pur- chased about two years ago by the Dis- trict. The tract includes an area known as the fcrmer farm of Mrs. Mar- g:ret R. Sharmon and a part of the Lioyd farm. It is located on the De- Highway at Randle Station of the Baltimore-Annapolis elec- t about two miles south slenn Dale Station on the Penn- a Railroad. A plan has been drawn also for de- velopment of the land about the main tal building. This building is to ected overlocking a gquandrangie. the west end of which would be erected the nurses’ home and at the ast end a dcrmitory building for men employed at the institution. The old Randle residence on the roperty is to be used temporarily as a | staff house .and later is to be recon- tructed as a home for the superin- tendent of the hospital. Cottages ere to be erected. according to the general plan, for membes of the medical staff. $625.000 Appropriated. ss has made an appropriation of $625.000 for the project. about $500.000 has been allocated to the con- ruction <f the buildings for the hos- tal, the s home and the super- residence: $60.000 for fur: nd equipment and the re- mainder for the land A grove of white oak trees is to be incorporated into & plan for a rock garden in the landscaping plan. Hang- ing from cne of the scedlings is a sign bearing the latin inscription: “Pro Bono Publico.” meaning “For the Good of the Public.” This was placed there when the grove was used as a meeting place for a church githering. Rustic TWO HOMES WORTH SEEING, benches were employed for the services ccnducted there by a minister. Plans for the hospital and the com- panion buildings are being completed by L. P. Johnston under the supervision of Municipal Architect Harris, Maj. Tryggve Gran is to make tests with a motor cycle on the Joseerdala Glacier, West Norway, with a view of g the machine in his next trip to says a dis- the South Polar Plateau, patch from Copenhagen 515,500 5423 33rd St. Chevy Chase, D. C. New, center-hall, ALL BRICK; 7 rooms (4 bed rooms); 2 baths. Built-in garage. 115-ft. frontage. Large, Celotexed attic. Electric refrigeration. OPEN SUNDAY Edw. H. Jones & Co., Inc. 5520 Conn. Ave. Cleve. 2300 WORTH BUYING 000 Project, While Early Start on Two Other Big Federal Jobs Is Slated. IDS have just been advertised by David Lynn, architect of the Capitol, for construction of the new home of the United States Supreme Court and soon a small army of mechanics will con- verge on the site, now an immense excavation. to start building what will be one of the outstanding monumental edifices. The site is to the north of thé Library of Congress and extends from East Capitol street to Maryland avenue northeast and from First to Second streets. Measured in money, the project represents an expenditure of approximately $7.500,000, including cost of site Completion of the Supreme Court Building will provide the highest court of the land with the first housing it could call its own, the court now being quartered in the Capitol. Will Be Ready in Three Years. ‘The contract for the erection of the court building, which will be awarded to the lowest bidder when estimates are opened by Mr. Lynn October 21. will specify completion of the structur within three years of the date of award The plans call for a five-story centra | building. with two three-story wings the whole occupying an area of 103.000 square feet, with 30.000 square feet ad- ditional devoted to terraces and drive- was Two other important projects in the Capitol area also are on the road to a | early stait They are the proposed | annex to the Library of Congress, a | condemnation valuation award for the | site of which was made Wednesday | and the construction of a new wing on | First street connecting the two existing wings of the Senate Office Building Bids for the latter project will be 3709 Legation St. (1: Sa. East of Caonn_ Ave) CHEVY CHASE. ™ than plea v ¢ ALL'BRICK. Southern Colonial noreh. tiled s inore ® Siv spacious rooms, two aths. ® Convenient kitchen, huge pantry, finished attic ® Lot 130 ft. deep. shade trees. ga- rage. ® Priced low. terms arranged. pen Sat. All Day Sunday E. H. CROXTON Reclty Associctes 1427 Eye St. Nat. 8744 e~ NEW 4-BED-ROOM, ( $14,950 In Chevy Chase, D. C.'s. best section is situated this lovely Colonial ' - - 3387 Stephenson Place N.W. opened at the office of the architect of the Capitol next Wedneosday In the meantime consistent progress is manifest in the general development (Continued on Second Page.) OUTSTANDING VALUE No. 2358 Mass. Ave. N.W. dan Circle for Legation, Fra- or home lish type. St section. i 14 i rooms), toilet for en- in rear. redecorated $15.000 less price. Open Sunday from 2 1 and week days 7 unt Bl TER-HALL BRICK Reporting on whether they use their T R ”\ On a beautiful lot with many shade trees and having a width of 50 ft. ‘There are 2 large baths, 4 bed rooms, modern kitchen, lovely living porch in the rear overlooking a beautiful yard and 2-car detached garage There are other features such as cak floors, instantaneous heater, full-floored attic, copper screens, electrical refrigeration, beautiful shrub- bery and slate roof This is the outstanding buy offered in a d-bed-room home today— $14950.00. ; at Steph Nat. 4600 own or independent appraisers, which any one knowing of a house as old as or | home might mean realtor-appraisers, there older than the Fairbanks structure send | appear to be more companies that state a description of it to the association they use outside talent than so stated | cffices, 59 East Van Buren street, Chi- last year. Some of the companies use €ago, where every effort to locate the only their own appraisers most ancient residence will be made Most of the companics allow pre-pay- ment, privileges under specified condi- = — 3903 Windom Place N.W. tions. One-Half Block FEast of W isconsin Avenue 318 Taylor St. N.W. One of those popular colonial brick hcmes in the quietest and most convenient section of Petworth, near beautiful Grant Circle and St. Gabriel's Church. Six roo) front and double rear porches (screened), hardwood fi garage. Priced, on good terms, at only— $7.350 2042 37th St. N.W. In the high Glover Park section, near grade, funior high and high schools. Colonial front porch, spacious rear porches. built-in garage, six nice rooms and bath. Recon- ditioned. 5o that you can't tell it from new; ready for your immediate occupancy. Price $7,950—Terms Open today 6-9 P.M., Sunday 2-9 The outstanding home value of CHEVY CHASE! THINK of it—$10950 for a new,.two- up-to-the-min- at the Chevy Six Hawthorne St. N.W. Wesley Heights Garden Spot of Washington Living room, dining room, # breakfast room, kitchen, pantry, lavatory, 4 bed rooms. 2 baths— room and bath third floor, oil burner, electric refrigerator, 2- car garage. lLarge corner lot with many shade trees. One block south of Cathedral Ave. between dird and 44th Sty., corner Giover drive. Open Sunday, 11 A.M. to 6 PM. W. €. & A.N. Miller 1119 Seventeenth St. Decatur 0610 Blocks morth_of Rittenhou Pl Open Saturday cnd das Phillips & Canby, Inc. investment Bldg. - - - .’ - - B - A New Home In Shepherd Park Completely Furnished—D. S. Pool St. and Broad Branch Road, turn right iday all day. - - > e e e - - - residence highest poi i Chase near rner rooms, side porch, model kitchen, tiled bath with showers, garage. Close to cars, busses, stores, schools, churches and terms very reasonable, 4514 Stanford St. 4513 Ridge Street & Drive out Wisconsin Ave. to Stantord t Lane) 16th St. Heights 1221 Floral St. N.W, Detached home containing six rooms, bath and garage. Reno- vated throughout. $10,750 Open Sunday 11 a.m. to 7 p.m. Henry J. Connor 1446 Semi-detached brick home, containing 6 rooms, breakfast room, bath and garage. Reno- vated throughout. $3.950 Call Owner ‘one square past Bradiey then turn rizit one sauare to_houses. LIGHT- ED TILL 10 You Will Buy This Home 8,750 Located iIn the heart of the city's most convenient and stable residen- tial section. this home offers an ex- ceptional cpportunity to the family that is seeking fine environment at a moderate price. Built some years ., it contains many desirable fea- fires not available in new homes, such as high ceilings. large reception hall between living room and dining room and a large cold pantry. three bed rooms, unusual closet space. in- cluding a fine cedar closet. attic, such features as furred wal double rear porches overlooking beau- Toom. real breakfast room titul adjacent gardens. In a market six_ unusually well planned rooms. e EOATVRCTBIHOES VA AR A Dt two baths, and attic Purchaser mav select and electric fixtures P.M. Wesley Heights Sample House 4505 Lowell Street Open' for Inspection Daily to 9 PM. Pure Colonial architecture—Part Stone — Center-hall Plan — High Elevation —Near New School. Price, $18,750 Other brick houses in Wesley Heights under construction— $21,500-$28,500 SCHWAB & VALK 1704 Conn, Ave. Dec. 2333 Inspect This Group of New Homes Just Completed Nos. 431 to 44l Ingraham St. Carefully Selected Homes of Out- standing Values -~ - ; Overlooking Washington —From a setting of Fine old oak trees 3634 Jocelyn Street (Between Connecticut and Nevada Avenues) built A lovels home. splendidly ith brick construction, slate roof. W Chevy Chase, D. C. all brick, cen- ter hail plan home of splendid construction and superior location. Commands charming vista of Rock Creck Val- ley. Restricted environ- ment and only 15 minites drive from White House. $17,750 CHEVY CHASE, D. C. Comprises seven fine rooms, two complete tile baths, splendidly equipped kitchen, large porch, brick garage, numerous special appointments. Very fair price and terms. LIGHTED TILL 10 P.M. See It Today or Tomorrow 1820 Monroe St. N.W. Open Today, 6 10 9 P.M. Sunday, 2 to 9 PM. HANNON_& LUCH Eaclusive Agents 1435 K St 1416 Holly St. 16th ST. HEIGHTS $14,950 Detached All-Brick CENTER HALL A NEW HOME, just east of 16th St. extended, at a high ele- vation. Big LOT 50 x 142.5. Beautifully finished _interior. ELECTRIC REFRIGERATION. All oak floors, large attic. Re- plete with features. Detached E“ARAGE. An exceptionally fine y. OPEN ALL DAY SUNDAY BOSS & PHELPS Realtors 117 K 8t wall paper Open Sunday Only $13,250 '7713 14th St. N.W, THF design and construction of this home is the product of over 38 vears’ experience in the building of fine homes. Built of brick, with slate roof, and contains 6 large. light, cross-ventilated rooms and 2 ideally appeinted baths, with garage in the rear of lot. The construction and design of this and every home built by L. E. Breuninger & Sons will bear the most ecritical inspec- tion of every prospective home owner. 5420 30th Place N.W. (Just Above Military Road) N.W. A 2345 No Better Buy in City Priced Below Assessment 1628 Montague St. N.W. Open for Inspection Today Sunday and Every Evening Till 9 P.M. This beautiful brick home has just been reconditioned through- out and is better than new. It contains 8 large rooms, 4 bed rooms and 2 baths on second iced floor, with large finished room in Priced at 8|950 amc.b Ezr&tly modern_through- out, built-in garage. Nothing in throughout, two-toned Sanit city will compare with it for the s e T I g e inoied Kiicher Hoor. money. A beautiful home at ory off master bed room, hardwood floors and trim. row-house price. Don't fail to deep lot, paved street and alley, well arranged cellar. inspect today. ‘Take Georgia Ave Ingraham—walk east to houses. Take 14th St. to car to 5th and Kenne 1 th 2 blocks to Ingraham then east to houses Drive out 16th St. to Montague, OF take Wash. Rapid A S Bin and Gaflatin, walk north 3 blocks turn, weat Ralf block, or call us fof u to Ingraham, then east to houses. information. METZLERReshor FREDERICK B. MILLS Exclusive Agent 1006 Vt. Ave. DEcatur 5800 GEorgia 4946 Sunday and Night, Adams 0620 Just imagine an open fireplace in sement for recreation room. Pully detached, 00f ~ on electric ns. refrigeration, garage $11,500 an 204 E. Shepherd Street Convenient to 2 Car Lines, Busses and Public Schools (Chevy Chase, Maryland) 6, 7 and 8 Rooms and Garage arranged English tvpe completed, on large shaded lot. in_splendid’ section of Ohevy Chase. Maryland The rooms especially with _tw dern baths. attic, Two-car By all means see this home. $13,950 J. WESLEY BUCHANAN Realtor Deligntfully home. " just and large, b are ern and “The Way to Beautiful Homes” Drive out 16th St. to Alaska Ave,, to 14th St., turn left to 14th and Juniper Sts. 26 PBreuninger & Sons Builders (Bxclusive Arent) Met. 1143