Evening Star Newspaper, July 16, 1932, Page 15

REAL ESTATE WASHINGTON, D. €, he Fhenir m SATURDAY, JULY 16, 1932. NATIONAL REALTORS MOVE TO IMPROVE APPRAISALS Institute Forined at Cincinnati Convention to Cer- | tify Qualified ORMAL organization of the American Institute of Real Estate Appraisers, designed to improved appraisal procedure, was ef- the National Association of Real Estate Boards at its recent convention at Cincinnati, The action was taken after consideration of the matter for nearly two years with the objective of establishing a higher and more uni- form character of appraisals of real estate values as a vitally im- portant factor in the real estate field. The professional body was members as appraisers as belonging to one of its | fected by set up to “certify” two grades, members and affiliates. The institute is given powers designed to enable it to function in its field in | & manner similar to that of the Amer- | fcan Institute of Certified Public Ac- countants and the professional engi- neering organizations in their special- ized ficlds. Governing Board Formed. A charter and by-laws for the insti- tute were adopted and were approved by the board of directors of the national association Philip W. Kniskern of New York City was elected president of the institute; Joseph B. Hall, Cincin- nati, vice president: Herbert U. Nelson, secretary, and Mark Levy, Chicago, treasurer. A board of governors also | was elected, to take office immediately. | Admissions to the grade of member | in the institute. the national body an- | nounces, “is only, upon a carcful ex- | amination of the candidate as to his understanding of appraisal principles and methods. his experience and his local record as to appraisal conduct.” It is required that an applicant hold | membership in a member board of the national association and that his ap- plication be approved by the local board. The grade of affiliate is to be open to any individual holding any form of membership in a member board of the national association and who has a “clear record” and otherwise complies with requirements set up by the insti- tute’s governing board. Power of Expulsion. The institute, it is stated, is given the power to establish its own quali- fications and examinations, to estab- lish standards of procedure and to ex- ercise control and discipline over its membership, including power of ex- pulsion The acts of the institute are to be subject to approval of the directors of the National Association of Real Es- tate Boards. A number of specific objectives were recommended to the real estate inter- ests of the country, in regard to taxes on real property, by action of the Na- tional Association of Real Estate Boards at the recent Cincinnati con- vention Tax Changes Proposed. In approving a report submitted by a commnuittee of 53 members, hcaded b R. L. Mcxallip, Piltsburgh, the conven- tion urges 1 Pcricdic and compulsory audit of < nmenial accounts by properly con- ci Siate authority Suvervision of local budgets and s by a State tax icn N large prorortion the gasoline taxes and automobile fees to the cifies and local of lizense un'ts 4 Abolition of the * of government Elimination of asscssment dupli- ns by having only the county or the State maka the assessments on all forms of property. such assessments to be used by all units in the county or the State 6. Collection of all taxes due and de- linquent to be made by the county treasurer and allocated to the proper units. the fees from the penalties charged delinquents to go to the local unit and not to the treasurer, thereby abolishing fee offices, Relief Work Discussed. The commitiee a'so declared that funds for relief purposes should be raised not by bend issues or increased property tax. “Money will have to be raised for relief,” the report states. “But such monies should be raised by new taxa- tlon. There should be eith r amend- merts to State ccnstitutions or new acts passed through which everyone would pay his share of the burden. Real estate owners have contributed, by free rent, delinquencies, and abate- ments, a greater measure of relief in these trying times than any other in- dustry, business or activity. Everyone wants to give relief to our people who are hungry and in distress, but we in- sist that other means of raising money be attempled before we pass city and township as a ‘Almost New 2-Family§ Semi - Detached Brick | | Two families can live almos s cheaply as one in this well- arranged home—equip- ped for housekeeping on both floors. 7 rooms, 3 porches; Z-car gara 8500 CASH -— BALANC| LIKE RENT INSPECT NOW 1509 Neal St. N.E. Open Every Day Until § P.M. L] B. H. GRUVER Investment Bldg. Nat'l 1737 Permanence ‘When purchasing a home a title is important—of equal importance is to Know the Builder. A Wenger-built home in- sures the permanence of your investment. Members—Tax Urged by Delegates. | clined_every Changes HOUSING DEMAND FOUND INCREASING Popu.atmn Growth and “Dou- | bling Up” Cited by Kissell as Evidence. Demand for modern housing is piling up throughout the country aue to the great decline in the amount of new construction and to the steady in- crease in the nation’s po n, ac- cording to Harry S. Kissell, Springfield, Ohio | Mr. Kissell, a past president of the National Association of Real Estatc | Boards, in an address at the recent convention of that body, reported that in the year 1925 in cities 492,000 housing units were built. | Declines in Construction. He added that construction has de- | vear since then &nd that the first four months of this year inaicated that some 30,000 units would be built during 1932 In 1925 there was nothing like the amount of vacancies that exist in resi- dential housing of the country at this figures for to census figures to indicate the increasing popuiation, Mr. Kissell oted the 1920 census as numbering the country as of July 1 show a population of 124,822,000 licates an increase since 1525 330.00C. he said. “When:ver the present doubling up in iential quarters is relieved by better business conditions there 2 to be found a shortage of good hcusing in cvery mnormal American city.” Mr. Kissell declared. “More than 15.000,0°0 femilies 1n the Uniied States ere living in rented house More than one-half of the population of the country are potential buyers of homes.” Congestion Protested. The convention also heard a protest aga'nst inlensive centralization of t cities and a plea for a iar of deceniralizeticn, which v by Frank Lloyd Wright, ar He s2id there of land in t woman and population of the country There scems to be no good reason why the American people :hould pile up population in the congested centers, he said. the Home Srecifications Filed. L. E. Breuninger & Sons, Inc., as owners and builders. plan to erect a two-story brick dwelling at 7705 Morn- ingside drive. according to specifications filed with the District building inspec- tor. The cost s estimated at $9.000 To Build Two-Story Home. 1. Bliss Hill as owner and Edward L Simpson as builder have filed plans with the District government for the erection of a two-story brick. tile and frame dwelling at 2812 McKinley street, having an estimated construction cost already overburdened by carrying roughly 80 per ccnt of the cost of local | government. “Added real estate taxes mean added delinquencies and increased torecios- ures, 50 that the very solvency of the local government is in_jeopardy.” Eny $8 450 Ternu 20 i o, A beautiful home, all modern, 7 ‘rooms, bath, inclosed porch, fireplace. Trees. Garage. A BARGAIN 1237 Randolph N.E. Dist. 0853 Tower Blds. ASSURED VALUE in New Homes at 518 JEFFERSON ST. N.W. —CONSTRUCTION— Built by Skinker and Garrett, outstanding contractors. —LOCATION— New Residences Added to Greater Washington Area GROUP OF DWELLINGS RECENTLY PURCHASED OR LEASED. Upper left hwab & Va 1t has Upper right idence of N seven main r¢ two baths @ Lower left: Home of Mr. and Buchanan, Inc. The house has Lower nt Pe\'r‘n ko CLOTH!NG STORE of S: e has nine main LOCATION LEASED ADPHOVES THREE DESIGNS Business Property at 1327 F Str Acquired by Cleveland Firm. Remodeling Planned. Business property at has been lcased by Richi a men’s clothing corpe eadouarters in Cleveland, nounced tod: the office of Rosinski, whi led the tions. Ri‘hmond Bros. will take posse of the property, now Rega! Shoe Co.. ¢ tensive remodeling arted. h ompleted ab (o The lease ic m a pe Bros. ation, it w c h h the sp: fil\t and second .floors of ETiE busines’ prop: street has been leased by coocin, operator of a wor businss. who will locate extensive remodeling moving from present q G street. The lease, for a term of owner sincki : story and b1<rmml building Plans SIQ.OOO Dwelling. at complet at zabeth C. Licarivcne as owner and hi negot: elling at 5510 Hampden lane. Edgemoor, Md.. purc six main rooms z and a fini: 'ARCHITECT'S COUNCIL a erected I eet by the Arc o jury t. Hugh 1327 F street co plans were for a dwel cust road. designed b Frost. a dwelling street for Stella § for a- mbert at 1351 Juniper street, = designed b: 4620 Davenpor v Mr. and Mrs. E. E. Everhart from Alfred story purchased recer from H. P. Huddleson Co., d Mrs. V. A. Ellicott BUILDING MATERIAL PRICES TENDING UP Slight Gain in Wholesale Costs Shown for Week Ending July 9 by Totals of U. S. Labor Bureau. . purchased ellings 1o be | roved this week P ward turn in the whol 3 for the week 71 for the week lliam Harris Inr J( Priced to Sell! on Very Easy Terms the tor ed 2 Baths Recreation Room . Hikh elev 2445 39th St. N. W District sction a two-story stone brick dwellir 2600 Thirty-sixth s mated construction cost of $1 NEVER A BETTER TIME TO BUY THAN NOW ... NEVER A BETTER HOME FOR THE MONEY THAN THESE. 102 Longfellow St. N.W. 2 COMPLETE BATHS BIG CL.LUB ROOM ALIL BRICK $8,950 The house of man We guarantee that amazed at the equip arrangement of these new homes. Our representative will be glad to explain th: many fine poit Very easy terms may be made. From 16th St Grorgin drive east on Lonafellow to houses. of take 14th St. ca ed “Takoma to 3rd and Lomgfellow and walk east to houses features. u will he t. having an esti- nent and ° Take Bucleith-Glover Park B west on Calvert St at Wis. Ave. and proceed ‘(wo to 29th St Open every day o pm. B. H. GRUVER, Builder Investment Bidg. of at by 9,250 Tem Overlocking Marietta Park A beautiful home contain- ing every luxury and within a stone’s throw of an18-acre Government Park. Eight rooms, 2 complete baths, gor- geous kitchens, recreation room, fireplace, built-in ga- rage and many other desir- able features. Open for inspection 330 Madison St. N.W. Open Daily and Sunday to 9 P.M. BOSS & PHELPS 1417 K 8t Realtors Nat. 9300 Tower Blde. Dist. 0853 A Quality ‘Home in a Superior Neighborhood ="\ Northgate N A GORGEOUS SETTIN Street near the en nd O Hhrouenait I 16 been ‘refiniched wIRCHerms " arransed for aquick sale. to suit Open Until 10 PM. Realty Associates Incorporated 7 Eve St Na. 1138 sk SR T y from L. E. Breuninger & Sons, Inc., builders. T. Newbold, builder, through the agency It contains builders, through the agency of J. Wesley The owner was represented by Thomas L. —Star Staff Photos. | The figure for metals and metal products for July 9 was 80.1, as com- ared with 79.8 for July 2 and 79.9 for he figure for fuel and light- 3 for Jul as compated 6 for July 713 for 9 2 and The cost of house furnishing goods declined f last week. but the for June 11. Tke 756, the same as the level for July 2 On o Virginis Hilliop Overlooking the Potomac Belle Haven On the Mount Vernon Memorial Highway Home Sites—Homes Plat on Request NORMAN C. BROWN Investment Blde. Na. 1818 GARDNER L. BOOTHE. 2nd 106 St. Asaph St. Alexandria. Va Real Opportunity Price Reduced Exhibit 5506 Home | 4th St. N.W. Six large rooms. FRIGIDAIRE. CEDAR CLOSETS, copper screens by Woodward & Lo- throp. Sanitas walls, Detroit- Jewel Range, Oxford kitchen cab- inet. Inlaid linoleum. Added Features Spatiots! DinetteThlcd Lavatory with Master e P Garage. Open Daily and Sunday L. T. Gravatte Nat. 0753 | i /|| 729 15th St. Reaitor MAKE UP YOUR PAY CUT IN FOX ALL @ Before the axe fell, perhaps you could afford the extravagance of rent ing. But now, can you? ‘With a moderate down payment and monthly payments less than the rental value, you can build up an equity in considerably more than tion. your home which will offset your salary reduc- ® Get on the band-wagon and smile with the landlords stop fussing and fuming and BUILDING NEWS |B—1 * | | | Specifications were approved SILVER STAR HOME CLOSES TOMORROW Only One More Day Remains to View Model Dwell- ing. The Silver Star Home at 915 Hil brook lane, Spring Valley, will be to the public of Washington tomorrow for one more day of inspection under auspices of The Star. The house, a charmingly domestic white frame dwell- ing revealing the lines of the New England colonial architecture, will be open from 10 am. to 9 p.m Hundreds of visitors have passed through this dwelling since it was thrown open to the public for a month of inspection following its selection for a part in The Silver Star Homes pro- gram by the committee of specialists conducting the exposition for this news- paper The house may be reached by driving out Massachusetts avenue, tur eft into Cathedral avenue and continui alonz this avenue through Wesley Heights to the entrance to Spring Valley, then right along Rockwood parkway to Forty-ninth street and right there for one block to Hillbrook lane. Members of The Silver Star Homes Committee are James S. Taylor. chief of the divi: of building and housing of the Department of Commerce: Dr. Louise Stanley, chief of the United States Bureau of Home Economics Frederick V. Murphy, F. A. L of the School of Architecture of Cath- olic University preside: American Institute of Architects Rosengarten, past president, Bu Trades Employers’ Association: J. F. M Bowie. president of the Washin Real Estate Board. and John H. Small, 3d. landscape architect Three Real Bargains Open for Inspection Daily and Sunday No. 1—Semi-Det. Brick, $6,450.00 722 Tewkesbury Place N.W. did rooms and bath All No. 2—1365 Perry Place, $7,750.00 large rooms. twn enclosed 3—Semi-Det. All Brick, $5,950.00 Stictls modern, 8 rooms and bath. saraze. fon or r i Tormation on any of abote homes: Metzler—Realtor 1106 Vt. Ave. Dist. 8600 Sunday and Night—Ad. 0620 $200,600 IN BUILDING PLANS APPROVED DURING WEEK Structure to Be Erected at 1309 F the Holy Cross Obtain Permit for Addition to East Capitol Location, RIVATE building projects for the District having a total esti- mated construction cost of $200,600 were approved during the past week by Building Inspector John W. Oehmann in the list were permits for a number of dwellings and numer- | ous repair, extension and remodeling plans. Included for the four-story structure to be erected at 1309 F street at an estimated cost of $60.000 for the trustees of the Brownlev estate, ast thv new home of Brownley's, confectioners. | The building will be of stone, brick, | concrete and steel construction. It | will be erected by James Baird Co. from plans by Porter & Lockie, architects | The Sisters of the Holy Cross ob- tained permit for the erection of a two-story brick and stone addition to the building at 601 East Capitol street, estimated to cost $34.000. The build- ing has been designed by Murphy & Olmsted, architects, and will be erected by James J. Galvin Other Permits. Other projects approved include the following™ | American Security & Trust Co., | trustees: A. B. Mullett & Co.. archi- tects: Schneider-Spliedt Co., builders; erect one 8-story brick addition, 33 | Connecticut ~avenue; to cost 0. F. Frost designer; C. R erect one 2';-story 1375 Locust drive: to cost $9.000 R. C Abell. owner; Maurice Joyce, designer and bui to erect one 2- story brick and cinder block dwelling, 3331 Fifth street southeast; to cost owner: F. G. Wilcox, Matheny, builder: to masonry dwelling, G00. Stell_Sternberg. owner and builder; G. S. White, designer; to erect one 2- story brick 'dwelling, 3530 Albemarle to cost $6.500. G e owner Julius LaRose Construction to erect one 2-story brick nd make repairs, 1303 P to cost $6.000. Greenstreet William ontinued_on_Second Page.) — DETACHED SEVEN-ROOM HOME Sauls Addition 5104 13th St. N.W. Betueen Gallatin & Hamilton Sts. $10,950 owner p: I £rape arhor match. Al terme can ew condition. be made TURDAY AFTERNOON DAY SUNDAY Easy 1417 K St. Realtors. Nat. 9300 A Restricted Community of DETACHED HOMES 7 and 8 Rooms Step-Down Living Room Recreation Room Gorgeous De Luxe Kitcken 2 Colored Tile Baths Concealed Radiators Separate Garage $11,250 ve 46th AND DAVENPORT INDIVIDUALLY DESIGNED. xith ‘age. these early En, and “Colonial ‘pomes. & deep et lots. atiructively T homes_have a pancied d step-down living room and concealed screens Street and Drive out Massachusetts Avenue to 46th Street, north to property CAFRITZ “The Way to Beautiful Homes” No. 1355 Jonquil St. N.W. A New Furnished Home Now Showing in Shepherd Park D. S. Pool—, Drive out 16th St. to Alaska Ave. to 13th S St., then left to this home. Furnishings turn left to Jonquil L& Preuninger S Sons ECONOMIZE Reduce your living cost by buying a brick row house—the price is less and the cost of upkeep less. At 1368 Sheridan § St. N.W. For Only $9500 get a home that is attractive, 20 ft. wide, six large rooms, This six-room home. of all worrying in the ranks of the tenants. brick, slate roof, offers the Completely built-up neighbor- You maximum in construction and desirability, at the price of $10,500. In that rapidly growing section just north of the Dis- trict Line and Alaska Ave. 828 Richmond Ave. Blair, Md. South of Silver Spring Open this afternoon and all day Sunday To reach, drive one square north of D. C. Line on Georgia Avenue. furn right over bridge to houses. REALTY ASSOCIATES, INC. Realtors hood, in a high elevation. —FEATURES— 20-foot All-Brick Homes, with 6 large rooms and 2 complete baths; recreation room, with finplue: and bookshelves; modern kitchen, with break- fast nook; 140-foot lots, with garage. Open Daily and Sunday Until 9 P.M. H.G.Smithy Co. 1427 Eye St. Nat. 1438 1418 Eye St. N.W. Nat'l 5904 1352 LOCUST ROAD F NEW center hall, all-brick A Colonial residence with six main rooms, two baths, large cov- ered side porch finished attic and paneled recreation room. An out- standing offering. Several homes in this group sold prior to comple- tion. Drive Out Sizteenth St. to Locust Rd., One Eye Street Block North WESLEY BUCHANAN, of Kalmia Rd. Inc. MEt. 1144 ® Come out to Foxall visit our furnished Model Home and let us show you how you can “beat the depression” ® Drive out Que Street, to 39th, then south one west to 44th Street and to 4422 Volta Place. and really live. 35th Street and S Street block to Reservoir Road, south three short blocks 8 WAVERLY 1AYLOR. % 1522 K Street National 1040 two complete baths, electric refrigerator, 2-car garage. And, best of all, a wonderful location—just one block from 16th St., at a very high elevation. culture. ach—Drive out 16th Sheridan si. ‘and larn east one " A rapidly growing section, in a neighborhood of refincment and tew es north of the reservoir to Open Every Day 2 to 9 PM. + All Day Sunday Realty Associates, Inc. Realtors Nat. 1438