Evening Star Newspaper, February 6, 1932, Page 17

REAL ESTATE NEW PRIVATE BUILDING PROJECTS SHOW INCREASE $1,304,725 in Work Started in January, Nearly $400,000 More Than for Previous ’ Month. | INCREASED HOME BUILDING AWAITS EASIER FINANCING New Residences Added to Greater Washington Area GROU: P OF HOUSES AMONG THOSE RECENTLY ACQUIRED HERE. National Association Survey Reveals Condition. “Doubling” Up of Families Counterbalances Construction Decline. total estimated construction cost of $1,304,725, were approved in January, according to the summary for the first month of this year, made public today by Col. John W. Oehmann, build- ing inspector. | This total shows an increase over the volume of projects for | which permits were issued in December, when the cost totaled $925,- | 785, but was abput a half million dollars lower than the total for January, 1931, when the figure was $1,816,700. | Residential building projects accounted for the most of the Jan- uary total this year, with proposed dwelling construction well ahead of aparttmenf glt:ns, }:egx_;'nts were issued for erection of 115 dwell- 84 per cent of the cities report the supply normal or short, 71 per cent [RERTSSEITs o e Con 07800, and fox Slapartiments, havlng cost showing an equilibrium of supply and demand, 13 per cent an actual ftotalinggszst OO SDRElIDERspEciiicaticnsRacconn iedh ooy fusn present shortage, and 16 per cent an oversupply. e £ ; : o i e . L o In every one of the nine geographical sections of the United i 5 s 2 o % 4 3 e 3 oo : |t gihevr M“:‘ssqéggmded e Jaary States the money supply for real s!mc;gmrtgagegoafnshis insurfllcient 5 2 p b " : : 1(}:; m:&restsmd ‘g?)roége rf)?-n:n::’fin for the demand, the survey show. In per cent of the cities loans | £ H 00 re- are seeking capital, in 22 per cent there is a balanced situation as be- e e e 3 5 | repairs. tween supply and demand, in only 8 per cent of the cities is there a | During the past week plans for the 1 where capital is seeking investment | PR!VATE building projects for the District of Columbia, having a transfers or other transactions involving any new financing is notably reflected in the eighteenth semi-annual survey of the real estate market, made public today by the National As- sociation of Real Estate Boards. The findings are based on confiden- tial reports made by member real estate boards in 318 principal cities. In m uring the present supply of residential space the survey shows that “doubling” of two or more families in units intended for a single family is practically counterbalancing the effect of the pres- ent practic. 1 cessation of residential construction. It is thus “mask- ng what un other conditions would in many cities be an under- supply of desirable single family dwellings.” With this counterbalance, l FFECT of present money conditions in hampering real estate | A. G. Keyser, owner; C. W. Gosnell, bullder; to make repairs 623 Pennsyl- vania avenue. to cost $20,000 Roy L. Cobb, owner and designer Frank L. Wagner, Inc, builders; to erect one 2-story brick and frame dwelling, 1300 Iris street, to cost $10,000. __Mrs. Elsle L. Renno, owner and (Continued on Third Page.) Chevy Chase $11,500 Fully Detached Colonial Center Entrance 4 Bed Rooms 2 Baths Sun Room Outside Pantry Servant’s Room Detached Garage | construction of nine additional dwell- v § |ings were approved. Permits were Lack Mortgage Money. issued as follows: i central and wes.. BROWNLEY BUILDING 4 : G | " James L. Parsons, ir, owner and S 3 . Siectiona 2shry R re conerels and hortage of mortgage PLANS UNDER WAY‘ ’ ing, 1117 and 1119 Fourteenth street, er 200, | to cost $35,000. capital seeking | gyrycture to Be Built at Thir- e teenth and F Streets. OPEN Come Out and See This g capi | stone wholesale electric supplies build- er cities, Modern Ornamental Limestone x ‘ £ : 4 e p 60 per cent report loans | have | | Negotiations were being L'omr‘.c\(‘d to- | day for the construction of a mnew | A % » . business building at the southwest cor- | : 5 2 Sl it 7-Room Brick Home ~ ner of Thirteenth and F streets which | at less than a 6-room house would replace the old Brownley Building | $7.950 there. | 1609 D St. N.E. per ce as money from | Plans being drawn for the new structure by Porter & Lockie, Washing- ton architects, call for a two-story-and- basement building having a ltmestone exterior. It is understood the con-| struction cost would run to approxi- mately $125000. The property has a frontage of 60 feet cn F street and 100 feet on Thirteenth street | Agreement has been reached for the | leasing of three of the stores in the projected new buil g. it is reported. The property is owned by the Brownley estate. the sur- 40 per cent of the were seeking Lot 8,000 Sq. Ft. One Bed Room and Bath on 1st Floor L' 4319 Fessenden St. One Sa. West of Wisc. Ave. OPEN SUNDAY HEDGES & LANDVOIGT Realtors Tower Bldg. ral wood trim—Americ ator Red Jacket boiler— -in garage Be Sure and See This Home Wm. M. Throckmorton DL v ased by Mr. and Mrs. Albert J. Phillips from Edwin L. and Louis B. Md., which urch: ips & Canby, Inc. The house is of center-hall plan and is located on a lot having a esidence at 6321 Meadow lane, Chevy Chas hi fon with Phil! Upper left agency of Thomas L. Peyton in associat Taylor, through frontage of 70 | Upper ri | saunders Co., | Lower left contains 10 m Lower right through the ager eph Cosimano from J. Philip Herrmann, through the agency of Willlam H s 10 main rooms and three baths. ; from the Boston Post Co., through the agency of Schwab & Valk. The house tely 65 feet by 130 feet 204 Sheperd street, Chevy Chase, Md. built by McLachlen & Gaver and acquired s, two baths and a finished attic. The lot is about 50 by 135 feet House at 4829 Sixteenth s , in association with Thoi e of W. D. Griffith, at 2808 Thirty ooms and three baths and has a lo Residence of Mr. and Mrs. Samuel y of Edward H. Jones & Co., Inc INV. BLDG. 6093 TODAY | (RRRERRRR AR YRR R R SUCH VALUE % Has Never Been g opever Been Mass, Ave. Heights g # 2562 36th St. (Corner Davis) Price *14,950 g Open Sunday Substantial corner resi- % REALTORS HONOR O'NEIL VAttsnds of Prominent Georgetown Operator. | A special committee representing the Washington Real Estate Board attend- ed funeral services held this morning for Frank A. O'Neil, for a number of years a member of the board, and active in the Georgetown section, who | died Wednesday evening at 4402 Con- duit road. High requiem mass was celebrated this morning at Holy Trinity Church, Thirty-sixth and N streets. following funeral services at the residence. In- terment was at Mount Olivet Cemetery. The ho Dis. 8332 Delegation Funeral | Inc., builder. It is equipped with many new appliances. The hcuse open to the public from 9 am. to 8 pm AR R AT at $13,950! Kitchen Has Paneled Walls. A kitchen finished with knotty pine paneled walls and beamed ceiling has been placed on exkibit in the house at 5600 Nebraska avenue by J. Wesley 3309 Porter St. $11,250 A RARE BUY CLEVELAND PARK SEMI-DETACHED 6 GOOD ROOMS NICE BATH JUST REDECORATED LARGE PORCHES GOOD LOT OPEN SUNDAY H.G.Smithy Co. 1418 EYE ST. NAT. 5904 Tt Vi ginic Belle Haven | On the Mount Vernon Memorial Highway Home Sites Homes NORMAN C. BROWN Investment Blds. NA. 1818 GARDNER L. BOOTHE, 2d 106 St. Asaph St. Alexandria, Va. E shortage ly homes in this tual market sup- more in- ects have ojects Buchanan, realtor, and Paul T. Stone - Few Loans Made. “Capital is extremely timid on ac- eount of the unemployment_situation and fear. There are very few loans being made and it would appear that the lenders of money are waiting to | see what effect the new fund proposed | by President Hoover will have in stabil- | values.” “No mortgage money | Outside money needed. | v is offered.” “There s ing homes in old lly no mortgage except special funds and, other cities say: associations are rd and confi- d.” “The life ies doing business have raised their requirements, making it difficult to handle refinan Sensational Value MARIETTA PARK DETACHED BRICK Colenial Design, 25 11, wide aska Ave. at highest_points this choice community Visit 5428 31st St. Chevy Chase, D. C J. WESLEY BUCHANAN Electric Refrigeration, Realt Pantry 1427 Eye St Met. 1144 Garage, — Large lot 613 Nicholson St. N.W. Open and Heated Daily Until 9 P.M. SEVEN HOMES PLANNED Construction of seven two-story brick dwellings, at an estimated build- ing cost of $35000, is planned for a site at 2401 to 2413 Thirty-ninth street by D. C. Gruver as owner and bullder Specifications have just been filed with the District Goyernment, with ap- plications for building permits. V4 7 large rooms, 2 full bath Real fireplace, Natural woodwork, No Better Value No Better Section No Better Builder Act Now (Will trade on smaller property) 4 New Corner Home Detached Represents a Big Saving at the Price of — turn left 16th Street Heights W DETACHED ALL-BRICK COLONIAL Drive on Nic dences in this delightful section 8 rooms, oil burner. Lot 55x115. 2- car garage ing, but there is some private money available.” “A dividend of 20 per cent a year ago released ad a good are tomers who are meeting in- “Short mortgages. Hoover's pl: ge of money Trust y of capital le rate building in section.” Turn for Better Seen. real estate boards would this report 8 effect.” | refunding old g, quite apart from sta- | ~(Continued on Third Page.) (7700 Gallatin St. N.W. $9,950 Corner Brick Home 8 Rooms Center-Hall Plan 2-Car Garage Oil Burner Frigidaire Cpen Fireplace Open Sunday 11 AM. to 6 P.M. Henry J. Connor Owner—Georgia 1446 Park View YCome 7 FOXALL A corner home. having a magni- utiful Foundry i the wooded set- orgetown in Foxall. with win- ws on the ¢a , has five be baths, in addition to a la cheerful living and kitchen, double rear porches, built-in garage and many other desirable features. ( out today and see what living in this home will mean to you spection, call for key Volta Place Drive it Que Street and Reservoir Road to 44th Street, make left turn three short blocks to Volta Place. | WAVERLY TALOR | 1522 K Street Nat'l 1040 I gton Real Estate Board \ 1427 Eve St. / i CUT YOURSELF A BIG SLICE OF SHEPHERD PARK —in this modern ALL-BRICK Colonial home, containing four bed rooms and two baths: an extra music room on first floor; beautiful side porch. OIL HEAT, ELECTRIC REFRIGERATION. Two-car brick garage. Lot 75- foot frontage. Only four years old. Amazingly low priced at— 514.950 Only $700 Cash Required. SEE IT TODAY SURE 7705 ALASKA AVE. Realty Associates. InC. 1427 Eye Nat'l 1438 / North Cleveland Park 3830 Windom Place Detached $9,950 6 rooms, glassed enclosed sleep- ing porch, oak floors, open fire- place. In new house condition. Open Sunday Harry A. Kite, Inc. 1019 15th St. NN\W. NAt'l 4846 — “Honors change Manners” AN OLDEN PHILOSOPHER must have seen that honors made some people of his day “high hat”...from this remark But some carry honors lightly. We haven't gotten high bat because so many _distinguished ~persons have honored KENWOOD by asing homes We're _pleased, of course. But we're pleased because it shows that our community offers something more than usual. DRIVE OUT TO 12 KENNEDY DRIVE —today, to our exhibit home, and to you the advantages here. home. Drive out Connecticut or Wiscon- sin Aves. to Bradley Lane, turn west fo Kenwood, and first house at en- trance. Open All Day Sunday and Every Day from 2 to 6. REALTY ASSOCIATES, Inc. Nat'l 1438 514 15th Street N.E. Open Sunday 10:30 AM.—6 P.M. A fine 6-room brick home, garage and gas-fired boiler. Visit this home Sunday and see for yourself what reason- able price and exceptional terms we have to offer. L. E. Breuninger & Sons Investment Bldg. Nat'l 2040 Realtors Shepherd Park 1317 Iris St. N.W. Completely Furnished By D. S. Pool Beautiful English Resi- dence of 6 rooms, 2 baths and garage Reasonable Prices Reasonable Terms L. E. Breuninger & Sons Members of the Wash. Real Est. Board THE GOLDEN\ ROAD TO HAPPINESS EVEN the ancient Persians had a proverb extolling the owning of one’s own home as the prime essential for REAL happiness and contentment. 5532 30th Place N.W. —we have an_all-brick, cious, fully detached home, containing three large bed rooms, two full baths, break- fast room, and pantry for only $13,450. SEE IT TODAY and find out how much home your money really will buy. It's almost unbelievable! Open All Day Sunday and Every Day from 2 to 9. Realty Associates, Inc. 1427 Eye Nat'l 1438 spa- $15,250 Was Built to Sell for Considerably More 4330 37th St. N.W. (3 Blocks East of Wisconsin Ave. fuma St.) Center hall plan, large rooms, finished third floor, 2 baths, 2- car built-in garage, large yard. Open for Inspection Daily ‘Wm. M. Throckmorton Invest. Bldg. DIst. 6093 “A PERFECT HOME” Over a hundred people told us last Sunday that— 3020 McKinley St. —which has been— Furnished Completely By . B. Moses & Sons —is without doubt as perfect a home as can be built for— $12,950 Today we open TWO MORE new homes in this group of in- dividual detached homes. Make Your Selection Today Open All Day Sunday and Every Day from 2 to 9. REALTY ASSOCIATES, INC. 1427 Eye NAv1 1438 First iowing 1414 Hemlock St. $14,500 + TWO BATHS Rarely in the past years has such a value been oi- fered the public. A beauti- fully modern home with celotexed at breakfast dinette, a marvelous kitch- en, newest design, charm- ing interior decorations, screens _throughout, slate roof, GARAGE. Convenient to bus and schools. One of highest points in city. In- spect at once. Drive out 16th St. to Hemlock, east to house. OPEN ALL DAY SUNDAY BOSS & PHELPS 117K St. Realtors National 9300 Two Detached Brick Homes One at $15,950 4209 18th St. NNW. Open Sunday and Nights Till 9 P.M. Built by L. E. Breuninger and Sons and containing seven large rooms (4 rooms) and two complete baths. Large front concrete porch, large rear Open _fireplace. New plant, and Weatherstripped. Beautiful side and rear yards, rock garden, pond and age. Sold one year ago for over £20000.00. A real bargain and a beautiful home. Drive out 16 Varnum, west to 18th and half to left. 1734 Taylor St. NW. All Brick—Colonial This_beautiful home was also built by L. E. Breuninger and Sons. Priced in this office one year ago at over $4,000.00 more than we are asking. Seven large rooms, with fireplace and sun parlor on first floor. Every pos- sible modern fmprovement, most ar- tistically arranged. Frigidaire and oil heat. Beautiful large vard, 157 feet deep, large trees and shrubbers. Drive out 16th St. to Taylor and west to house, or continue on 18th to Taylor after inspecting other house. Call us for further information. Metzler—Realtor 1106 Vt. Ave. DEc. 5800 Sunday and Night Phone ADams 0620 ‘ened Striotly oil heating h to block 8 of 11 new De- tached Homes sold be- fore completion. Come and see the Reason. New Ideas—New Plan—New Finish In the Heart of Beautiful Woodridge Convenient to ALL facllities Note these features; then inspect with- out delay Beautiful tiled bath| Paneled _tub, shower silent_toilet Pedestal basin Linen closet large T Large living room [Real open fireplace Built-in radio outlet Coat_closet and mirror door [Beautiful dining room Modern-Plus chen [Double drain _sink with Duo strainer General Electric refrigerator [Detroit Jewel range Iniaid linoleum Large pantry [Latest wall papers Newest electric fixtures |~ upper of oak 1 block to bus and 2 blocks to school. itn Tou . With four cedar-lined closets Large concrete front orc! porch Sleeping porch Large, bright cellar Brick garage, 10x18 reinforced Large lot, on 20th to South Dakota on South Dakota Ave. to 3817 South Dakota Ave. N.E., our present sample, Breuninger & Phifer (Owners and Builders) 1103 Vt. Ave. NAt. 7713 MODEL _HOMES 4402 13th PLACE N.E. “MICHIGAN PARK” Buy one of the beautiful Tiffey built 1932 Model Homes in restricted Michigan Manor. The house is designed to give the greatest value possible; there are six well planned rooms, three bed rooms, two complete colored baths, ultra-modern kitchen, pantry, electric re- frigerator, log-burning fireplace, rich chestnut woodwork throughout, paneled walls, cedar closets, bronze screens, daylight cellar, Red Jacket Boiler, large lot, garage, paved streets. Directions: Drive out North Capitol St., right on Michigan Ave., left on 13th Place. OPEN FOR YOUR INSPECTION Beitgell & Horning MEMBER WASH. REAL ESTATE BOARD Investment Bldg. Met. 2827 o PEREEREREREE R ER R TR RR R REE F. ELIOT MIDDLETON E 6 Rooms, 2 Baths All Brick, Colonial CHEVY CHASE, D. C. Smaller homes in this splendid section can be erected to meet your needs at— s $13,950 & up Sample Hous——3627 Chesapeake St. AKEFIELD Offers--- The ultimate in center hall Colonial homes. Special features include Bryant Gas Furnace— Electrolux Refrigeration—Celotex _Insulation —Curtis Woodwork—Metal Weather Stripping— Maid's Room in Attic—Paved Streets, Alleys and Sidewalks. Restricted _en avironment, publie schools, car lines, and overlooking convenient to the citx. out Conn. Ave., turn left on Chesapeake St. to houses @M Inc. 1909 Mass. Ave. CLev. 9837 A PROTECTED COMMUNITY . . . architecturally controlled FARADAY PLACE Fort Bayard Park Early American detached homes, charmingly individual in design, su- perlatively appointed, of guaranteed workmanship and material . . . One and two baths; large bed rooms; some with breakfast rooms. $9,850 to 313,750 Small Cash Payment—Balance Like Rent 4436 FARADAY PLACE Open Daily 10 to 6 BOSS & PHELPS OWNERS Drive out Wisconsin Ave. to west to 45th, and north to Pessenden, Faraday. TO REACH