Evening Star Newspaper, November 7, 1931, Page 20

llfl e e REAL ESTATE. L Come Over to & Livingstone Heights e &m:lgh%%uun?ué uipped basement For $9,750 Directions: Drive out Lee to Glebe’ Road, t::-"mu u'flufi Kves then Jeft tnte the B ROBERT E. HEATER Colorade Bids. District 4830 Brookland, D. C. Semi-detached 7-room all-brick residence and garage for sale. 1031 Girard St. N.E. Near 12th St. Price. $8.000 MARKHAM & ZIRKLE, INC. 910 17th St. N.W. 229 Barr Bidg. Phone District 8888 Come over to Livingstone Heights —in nearby Virginia and see this attractive, modern home, situ- ated on a large corner lot for— $11,250 Open Sunday and every evening until 8:30 p.m. Directions: Drive out Lee Highw to Glepe Road, turn right to g;mu Ave.. then left into the property. Robert E. Heater Colorado Bldg. District 4820 NEW HOMES! Facing “Fort Slocum Park” 8 roonu. nfm‘ baths, open wood trim Sample Open to 9 P.M. 5730 3rd St. N.W. At 3rd and Nicholson Streets Inspection Invited! Price Low—Terms Arranged WAPLE & JAMES, Inc. 1226 14th St. N.W. North 0962 “mwwwI;pen_l_.gmed Daily—Sunday REALTY THIS YEAR YIELDING PROFITS = Sales, Leases and Manage- ment Sources of Money- Making, Reports Show. People are making money in real es- tate investments tihis year, the Na- tional Association of Real Estate Boards reports in its weekly story for the pub- lic. Examples of profits that have come to the attention of the association re- cently cover sales, long-term leases and profits as a result of realtor property management, realized since January, 1931, mostly in the large cities. Here are some of the people who sold realty in 1931 and made ‘money as & vesult: Soren Jacobsen of Salt Lake City urchued a six-room brick home for IOOOO April. He sold the house to John Hooker, traveling salesman, for $6,500 in May., On July 12. 1932, in St. Louis, Mo, A. J. Donnelly purchased lot 1 in block 31 of the Unniversity Park subdivision. Mr. Donnelly paid®$9,855 for this lot on a monthly payment plan and re- ceived his deed October 2, 1925. He £old the proyerty to the Lubrite Re- fining Co. this Summer for $30,000. Investment Nearly Doubled. Miss Alice M. Ki of Boston, Mass., bought lot 66 in e Commonweall avenue develovment at Newton Center, Mass,, for $1,800 in November, 19325. Miss Kln‘, on February 3, resold her lot to Harry Richal for $3, 000. On November 12, 1928, Miss Josephine Taber, a branch librarian of senule, purchased a small corner lot in Allister'’s Addition for $§700. On - tember 14, 1931, A. C. Pattimore hought |; Miss Taber's lot for $1,400, doubling tha sales price in less than three years, which transaction started in a very active market and ended in "a slow market. On June 18, 1927, “Mr. A.” bought & bome in Wesiey Helghts, Washington, D, 0, for $18,500. On July h chased a home, on chur !0. 1925. Ior 025000 on May 13, 1931, he sold this property to uom%w D. tionall C., & nationally known shoe concern leased property on F street for 20 years at an annual rental of $20,000, to take possession March 1, ll!l In !!brul-ry 1931, this store was 1o & chain store for the same wm at_an -nnun rental of $28,000, lessee a profit of u"m&:o, it ”A reported. N. Miller, Wash! THE EVENING STAR, WASHINGTON, D. C., SATURDAY, NOVEMBER 7, 1931 trame dwellings for & cllmt in 1931, rha buudtnn. which were of old-type ction, were renovated at a cost :r 54, 4000, Within three months these buildings were sold at a nmnz of nuoo On May 1, 1931, L. L. Sachs & of Chicago subleased & pro remaining 60 years of a . The property, which is at 57- 59 West Randolph street, had been leased 40 years ago at $8,000 ground rent net. On September 25, 1931, Dr. H. W. o! ‘Tacoma, Wash., old a tri- t, known as parts of lots 9 to 12 ln block 3009, for $20,000 cash. Dr. Deegan purchased this property in 102“200 from the Wilkinson estate for $5. Columbus, Ohio, had, in 1931, what is said to be the largest individual real estate deal transacted for many years, involving $1,750,000. This transaction involved the exchange of the southeast corner of Sixth and Broad streets for the 16-story office building at 8 East Broad street. Projects are under way for the erection of $500,000 in provements. John Boswell of Tuckahoe, N. Y., had a second mortgage of $5,200 and H. J. im- Bradshaw had two plots of land. ur Bradshaw sold part of his land $5,200 to Mr. Boswell and took hu:k Boswell's second mortgage. Boswell 0. | profited, because he sold a long-term second mortgage for less than he could discount it and obtained $1,000 cash for working capital. Bradshaw was re- lieved of the installments that he had to pay on a $3,200 mortgage on the land. Boswell, who is a builder, will build on the land. In April, 1929, a lot leased for a service station in Long Beach, Calif., was bought for $12,000. In May, 1931, is was sold to the present tenant tor $15,000. The lot is at the southwest corner of Willls and Perris avenues. The sale consisted of half cash. RESIDENCE ACQUIRED FIRM OF LOWLY ORIGIN GETS HUGE CONTRACT Twenty-Million Radio City Job Re- vives Story of Precarious Beginning. A 320,000,000 contract for building the 66-story office and studio unit of the Rockefeller Kadio City in Gotham has just been let to Hageman-Harris, starting full-fledged construction work on the immense center in New York. This huge award revives the story of how a contracting career was started 14 years ago by a half-hour talk de- livered by a young man seeking Il A six-room residence at 3618 Park |[{ place, overlooking the extensive grounds of Soldiers’ Home, has just been pur- chased by Frank Coniglio. This pro) erty was acquired through J. Leo Kolb, real estate agent. The home is of brick construction, located on a spacious lot. e i _iie il e il SOUTHERN 3018 44th PLACE BPesley The Garden Spot of Washington Lot 120x140 Open for Your Imspection All Day Sunday . C &4 0 Miler 1119 17th St. ingtan r'llwrl 'hn furnished two of the ex-|'! amples from this city, also report an illustration of the appreciation of real estate values in This comy $8,000 this year. months later, and in one week's time, he sold this house for $9,100. In New York City the John A. Stein- mets Co. purchased two three-family N 431 to 441 Ingraham.St, N.W. 6, 7 and 8 Room Homes With Extra Tile Lavatory Moderately priced; in the Petworth section, offering something different in a row house than has ever been offered before. 8,950 up FREDERICK B. MILLS Owner & Builder The Woodward Building Southeast Corner 15th & H Streets N.W. Unexcelled location. Exceptionally large rooms; plenty of daylight; high-grade serv- ice; five high-speed elevators; ice water. Two Street Entrances Reasonable Rentals Individual rooms and several suites available. Randall H. Hagner & Company Phone Decatur 3600 1321 Connecticut Ave. COLONIAL Pbeights Decatur 0610 Seven ment of t! mem.s w about szs. if desired. hndwoodfl 718 Union Trust Bldg. Go out East Capitel to 17th Bt.. EVERY MODERN FEATURE Combined with SUBSTANTIAL CONSTRUCTION Characterizes This New Grou Adjoining Eastern High 324 17th Place N.E. Open Daily Until 9 P.M, spacious rooms (four bed rooms), tiled bath, with an extra Iavatory -n( tnllek;,ldlmml an arrangement into & separate apart- r, the rental from which will reduce the mon A beautiful, all-white kitchen, wit floor @Nd 6+ft. electric refrigerator. led walls, in garage. Mmmd white neighborhood, very near in. R. E. KLINE, Jr., Owner Or Any Broker 20Tt to . east one block to 17th Place— our sign. of Homes hool Cedar closets, harmonizing fixtures, Built- NAt. 6788 $12,750% FORMAL OPENING for himself and partner their first con~ tract as builders. It all started, according to the story goes. recounted by General Building Con- tractor when John C. lfumm and John W. Harris, despite limited capital, decided to launch a construction com- te build of Brooklyn announced plans a memorial hospital, in honot of her late husband. The trustees elected to let the work on the cost-plus-fee basis. This was not to be a contract awarded by the usual method of campetitive bids, with the low figure as the objective, but each interested contractor was given & half hour in which to give his -rgumenu rnr the job. ‘Though KF capital as a guarantee o! flmnc bxmy, or e: perience in the form of previous col Six rooms, 2 baths, fin- inet ment in kitchen, Slate roof. Deep lot.. Desi, ed by an ar- chitect with an architect’s care of detail 5429 30th Place N.W. 200 Ft. North of Military ad In Beautiful Chevy Chase Grove, D. C. Open for Inspection Daily—Sunday—Until 9 P.M. Beautifully Constructed New Colonial Brick Home $11,950 3640 Jenifer Street N.W. (One Block East of Conn. Ave.) CHEVY CHASE, D. C. Drive out to 5200 Block Conn. Ave., thence east on Jenifer St. ome FEATURING 4 Master Bed Rooms—2 Complete Tiled Baths Large Breakfast Room block to house. ULTRA-MODERN XITCHEN across entire orominm piated " Bxturcom faiatd Hnoleum—Finished 1n ~Green and Ivors.” BUILT-IN HEATED GARAGE Built by Security Home Co. J. E. DOUGLASS CO. 1621 K St. N.W. Met. 5678 111 Glenbrook Road Battery Park, Maryland Delightful Commum!y New all-brick, detached. Six large rooms. Solid brass electric fixtures—colonial Insulated with Celotex and Gypsum Chromium fixtures. i inished attic. board. porch. Elec. Refrig. Breakfast room with china closet. Kitchen cabinets. Two baths. Large front Cellar. Garage. Lot 75 ft. front. Terms. Open Stunday until 9:00 P.M. Directions; Wisconsin Ave. to Bethesda. Follow car line five blocks to Glenbrook Rd. Turn left. light. half bloek to house. Turn left at traffic Go 'Qmu. Hageman seized the chance ut] REAL ESTATE. Beautiful Trinided Opportunity least to try for the award, the story oLkl s e bellere, Eageman, vas ers, Quite '8 st was erested in con- 1218 Oates St. N.E. tracting circles when Hageman-Harris won the contract. The hospital was (Exhibit Home) Calanial t: t Completed despite wartime troubles And‘ P sl Pl b I % embargoes on mlmfll fouthern exposure, Tear, porches and front poreh wi th be, um-hm.l *ith this nomes iy EGSCHAFERTO Pierce-Butler-Pierce Heating Equipment On Display Here 4100 Georgia Ave. AD: Agent on premises 145 Woodley Park Homes Just North of Cathedral and West of Conn. Ave. 291315 28th St. $12,950 $13,950 OPEN DAILY 2 TO 9 PM. Truly delightful homes in an unex- celled Iszation. Thoroughly modern in every detail in appointments, having been built within the past few years and completely reconditioned. The interiors are attractively arranged with reception hall, large living room with open fireplace, fine dining room, bright kitchen with rubber tile flooring, three splendid bed rooms, 2 tiled baths and ample closet space. Other features in- clude 2-car garage, screens and awnings, Nat’l Mortg. & Inv. Corp 1004 Vermont Ave. Nat. 5833 . AN EXCEPTIONALLY FINE CORNER HOME Center-hall plan, large rooms, 2 baths, open fire- place, very large kitchen with electrical refrigera- tion, finished room in attic, slate roof, 2-car built-in garage, large pretty yard. 4330 37th Street N.W. (Corner 37th & Yuma Sts.) Ideal Location—High, Restricted, Convenient A Real Value—Open Sunday All Day and Priced to Sell! Drive out Wisconsin Ave. to Yuma St. and east 3 blocks to house or out Connecticut Ave. and u; Bureau of Standards 37th St. and north to Yuma. gl ’ > WM. M. THROCKMORTON i Investment Bldg. Dist. 6093 J. S. GRUVER, Owner Low pri nd Teasanable monthiy DaymERts. i 5481 31st Street N- E- CO]’. Nebraska Avenue This wonderful new home, on one of the highest elevations in Chevy Chase, D. C., certainly deserves your immediate and careful consideration at the very special price now available. Center hall—7 rooms—2 tile baths—breakfast room—library—large attic—garage 5508 to 5522 Kansas Avenue $8,950 (Excepting Corners) Convenient to Fort Slocum Park, Containing Seventeen Acres of ‘Wooded Area Homes Consist of Seven Baths, with Showers; Electric Refrigeration, Automatic Storage Heaters, Built-in Garages. Convenient to Fourteenth St. Car Line Floyd E. Davis Co. Realtors 733 12th Street large Rooms, Two-tone ° Na. 0353 A Most Unusual Home ——for anything like the price at which it can be bought 6013 Fifth St. N.W. One of the best locations in Washington—near pubhc and Junior High Schools—in a neighborhood that is of definitely fixed high character. EXCEPTION- ALLY WELL-BUILT—and equipped with features that usually are to be found only in homes built to order. For example— Oil Burner Screened Throughout Real Open Fireplace Big Porches Frigidaire W eatherstrips Spacious Garage Big Lot Every detail of finish and decoration of the excep- tionally large rooms is refined and enduring. $10,900—Convenient Terms When you see it you'll quickly appreciate how much under real value this price is, Open for Inspection Every Day and Evening, Including Sunday C. J. Holt—Munsey Building Or Phone Lincoln 4991 OO AR AR SR JOS. A. HERBERT & SONS 1013 15th St NW. Dis. 4590 flnspect' Tonight or Sunday You Can Buy One of These Homes for the Rent You Are Now Paying Detached Houses Big Price Reductions 4009 21st St. N.E. t 40 by 107 Sun parlor—porches and detached. mullt nrlce fll 500. Now, 39,68( 20th and Bunker Hill Road N.E. Just finished. Detached. attractive homes. Genersl Electrlc Refriger- stors.” Big Dorches. §8,080 1o 9,150, Don't miss these. 1324 Potomac Ave. S.E. Jdo-tt. parking. Bullt-in garage. Garase. Just_eompleted. itul new homes, Laree Borches.” One’ soid Just south Pa. 1737 Upshur Street N.W. ares west 16th Street. 8 rooms double brick garage, 3 baths, Oenen‘l/'zlegme refrigerator. Reduc 1212 Hemlock Street N.W. 3, fories. 8 rooms, bullt-in garase;, Just eagt of Ih 8¢ and AL AT JEN-, v oy, 0 B and fun Tt g Alaska Alssis 3400 15th Street N.E. (Corner) Bem!-det. st north of Lawrence St Just south oF Monror Bl DeN O™ Spen ‘and lighted. ~Reduced 33,000, " 6411 Third St. N.W. New detached. Lots 41 b; house Bt. and thence east to 4710 Chevy Chase Boulevard N.W. Special bargain. s ide ‘ot Bredies Lane tara weos ley. Drive out Georgia Ave. to g 10 Lo Ay s door. Sty 1 ery. T tten: Just west Chev; Club these, , Drive out Wiseomsla Ave. s " Inspect Any Time—Open Till 9 P.M. {H.R. HOWENSTEIN G 13N M STREET NORTHWEST 5520 Conn. Ave. HERE IS REAL VALUE Open SATURDAY and SUNDAY Edw. H. Jones & Co., Inc. Chevy Chase Progerties Clev. 2300 47 4Colorado Avene : Price Practically Cut IN HALF AThls distinguiched conter-hall plan residence. ACROSS THE FROM K lable for immediate purchase % O alty geduced Bure. 1t 13" un ue.!honlblv ihe, outstanding buy in i S tence of this characier to be found todsy's marke brick-construction. _Large center ‘hall, stone. fireplace In Tivine Toom. room, brezkfast room, floor lavatory; 4 bed rooms, 3 batl Tom’ and bathi oif Burner; Slectrie velilueratins: ot “bullt-in gar Open Today Until 9 P.M. Drive Out 16th St. to Colorado Ave., West to House