Evening Star Newspaper, April 8, 1933, Page 19

REAL ESTATE. THE EVENING STAR, WASHINGTON, D. C. SATURDAY. APRIL 8, 1933 e e “HOME LOAN BANKS . LEND 16 MILLIONS Reloaning Operations in 23 States in Three-Month Period Reported. CHICAGO, I, April 8.—Building Bnd loan associations reporting to the United States Building and Loan| League today told of the retailing of mearly $16,000,000 of Federal Home Loan Bank funds to home owners in 23 States during the last three months. This is the first summary available ©f the reloaning operations carried on by these member institutions of the Federal Home Loan Banks—the opera- tions by which the money reaches the home owners. Figures given out by the Federal board from time to time, cover, in the nature of the case, the advances made to member institutions | by the system. The league announce- | ment_today shows where the money goes from there. Total Not Covered. Ward B. Whitlock, president of the feague, points out that this figure does | not cover the entire total of such re- Joaning operations, since all of the as- | sociations which have obtained Home | Loan Bank funds have not yet reported | on their distribution of the money, but | he emphasizes that the figures reported | do give a valuable ricture of the prog- ress being made in extending home- pwner credit. The new mortgage credit was ex tended to the home owners for the fol- | fowing purposes, according to informa- tion from reporting associations: For remodeling and repairs, $5.416,- 00, or 34 per cent of the total; for oans to pay taxes on homes, $3,635- 000, or 23 per cent of the total, and Yor refinancing of mortgages where the home owner was being pressed for pay- mment and for the making of new mort- gages where the home owner could find no other source of mortgage money, 186,875,000, or 43 per cent of the total. Effect of Loans. A significant comment from ome of | the reporting associations told of the| effect of the Home Loan Bank funds| in the community. “We advertised our membership in Ehe Federal Home Loan Bank system and the fact that we had money to Joan,” said the association. “Imme- diately a man came to the office lndi said that he had been wanting to build | & house. He had all but $1,200 of the #$5,500 he wished to put into the struc- | ture, and if he could obtain the loan of | $1200 he would start the house at once. This loan was granted, and it Imeant quite a bit to this town for the mmerchants to be able to sell the ma-| terial for this house and for the| Baborers to have even this initial in- grease in employment.” BUILDING MATERIALS GAIN| A gain of two-tenths of 1 per cent in | fhe cost of building materials as of the | k ended April 1 was registered, in | omparison with the previous week, ac- rding to statistics made public today by the United States Bureau of Labor Btatistics. The index figure for building mate- als stood at 70.4, as compared with 0.2 for the preceding week, on the basis f the 1926 average of 100. Housefur- hishing goods remained at 72.3, while etals and metal products dropped our-tenths of 1 per cent to 77. $7,950 BEAUTIFUL MARIETTA PARK 400 PEABODY ST. N. Corner of 4th St. Five Squares North of Kennedy St. Chevy Chase et ———— Dwelling at 2915 Rittenhouse street, C! and Mrs. Thomas K. Randall from the Rucker Lumber Co., through the agency f Phillips & Canby, realtors. The house nd contains eight rooms and two baths. 10 LOVIS AYRES Member of Firm Which De- signed Commerce Building Is Honored. The medal of honor of the New York Chapter of the American Institute of Architects has been awarded to Louis Ayres, member of the firm of York & Sawyer, New York City, designers of the Department of Commeérce Build- ing, Washington, and other notable structures. Conferred since 1904 for “distingushed work and high professional stand- ing,” the medal went to Mr. Ayres in recognition of “his prominent part in the many distinguished designs pro- duced by his firm that have contributed to the molding of public taste and to the honor of the profession and for his faithful service to the public as a member of the National Fine Arts ‘Commission.” ‘The chapter cited Julian Clarence Levi, chairman of the Architects’ Emergency Relief Committee of New York, “for outstanding service.” Mr. Levi, who received his bachelor of arts degree from Columbia in 1896 and was graduated from the Ecole des Beaux Arts, Paris, 1904, began practice in New York in 1905. He is a mem- ber of the American Institute of Archi- tects, the Architectural League of New York, the Beau Arts Institute of De- hevy Chase, acquired recently by Mr. is of stone and brick construction, —Star Staff Photo. 40 CITIES STUDIED IN NEW PROJECT| Savings, Building and Loan In- stitute Considers Busi- ness Trends. NEW YORK CITY, April 8—Business | men are giving serious study to the future of 40 American cities to see | “where the town is going,” according to an announcement of a new study project made by C. Harry Minners of New York, newly elected Fresl- dent of the American Savings, Building and Loan Institute. Mr. Minners sent out a recommendation to all of the institute chapters urging study of pos- | sible trends in the next 20 years in | their home towns. ‘The immediate object of the local surveys is to determine how many new homes should be built, where they should be located, and how many of the old ones can profitably be mod- ernized. According to Mr. Minners’ plans, the study will require deep delving into the industrial, eommercial, transporta- tion, resort and financial features ot every city on the institute chapter list. Starting with an_estimate of the pos- sible population 10 or 15 years hence the chapters will report on all the busi- ness possibilities to which surface in- dications point today. “There is, of course, the possibility that some of our chapter cities may be finding their growth temporarily curbed,” said Mr. Minners. “We are asking our home finance students, as | they go into this new project, to weigh | their conclusions very carefully, giving no undue emphasis to a depression | condition which is already showing signs of abating.” of the 72 cr s Eight Rooms Corner Brick Home ‘This modern home is situated on an exceptionally large corner lot, beautified by brick retaining wall, hedge and pretty shrubbery, and is right in the finest section of Marietta Park. only a few steps from Old Fort Slocum Park. The house is 50 per- fectly reconditioned you would never know it had been occupied. There are eight well planned rooms, built- in bath, shower, fireplace. Frigidaire. sun’ parlor, a center-entrance hall and a garage with front driveway. With full knowledge of existing conditions. we have priced this home to sell this week. Drive out now and see what this statement means. Don't walt until the other fellow has bought it. R. M. HOOKER Metropolitan 2663 Drive out 16th and Alaska Ave. North on Grorgia Turn right at sis: onto Sligo Ave. and save in a safe way MODEL HOME 4424 14th St. N.E. Out_North Capitol St., right on Michigan Ave: Teft on Let Your HOME Be Your BANK Built by C. H. Small Michigan Manor for old age independence ALL THE LATEST FEATURES baye been incorporated for beauty and _comfort _in these beautiful Semi-detached Homes. House 20 fi. wide, large rooms, elaborate recrea- tion room—with real fireplace. Special kitchen equipment, pantry, = colored baths. 3 pore 2 real fireplaces. 198-1t. lot, gal Recorder of Deeds of the District dur- ing lowing: Sandler; main floor 921 D street; years, beginning October 1, 1932, end- ing September 30, 1937; rental, $9,200. Irc.; premises, 928 Fourteenth street, known as store on first floor and part months. beginning November 1, ending October 31, term, $12,600. new pump which delivers concrete to'| pump concrete 500 feet horizontally, | power in wood by a new chemical proc- ess. The treatment produces a mi- sign and the French Institute in America. He is also a Chevalier of the Legion of Honor. Mr. Ayres, having obtained his bach- elor of science degree from Rutgers in 1896, became a member of the firm of York & Sawyer in 1910. Among the structures which the firm has designed are the Guaranty Trust Co. Building, Postal Life Building, Broadway Sav- ings Bank, Federal Reserve Bank and Rockefeller Hospital, all in New York; First National Bank, Boston; American Security & Trust Co., Washington, and Allegheny General Hospital, Pittsburgh. Mr. Ayres was a member of the Na- tional Pine Arts Commission from 1921 to 1925 and is a fellow of the Leases Recorded Leases recorded in the office of the| the past week, included the fol- William Pappas et ux., Kate, to Max premises, the store on the term, five Eleanor D. Doyle to The Embassy, cellar for storage purposes; term, 36 1932, rental for The BEST BUY in Washington $7,950.00 Semi-detached Brick 23Y, ft. wide—31 feet deep Recreation Room 808 Tuckerman St. N.W. HARRY WARDMAN BUILDER D. C. Developing Co., ‘Owner 1025 15th St. Di. 3830 1935; Concrete Pump Developed. Concrete construction is aided by a | e forms through a pipe line. It will| feet vertically. . Chemical Improves Nails. - Nails are given increased holding oscope pitting or etching in their rfaces. BETHESDA, MD. 4705 ROSEDALE AVENUE A “New Deal” solidly constructed Large living room with real firep) sleeping porch. colored tile bath with buil bright_dining room. a kitchen you would love to work in, hard- wood floors throughout, porch, huge attic (ample space for one or two additional rooms), daylight celiar, laundry travs, extra toilet, hot-water heat, electricity, gas. Lot 40x120. You can buy this bungalow with small down payment and $50 per month. it Today. If you are wise you will buy it today. ——————— Located within a square of the above property. story and attic house, new and ready for occupancy. Five large bright rooms, colored tile bath with shower, attic, 2 full size bed rooms, model kitchen. large porch, hardwood floors through- out, hot-water heat, electricity, gas. ' Lot 40x112. This is an unusual opportunity to make the right start in’ owning your . Only a small cash payment is required and monthly payments of $40.00. $5,250 Monthly Payments $50 A full two- $4,575 Monthly Payments $40 $40. DIRECTIONS Drive siz blocks north of the Bank of Bethesda via Rockvflle Pike to Rosedale Avenue, turn right. OPEN SATURDAY AND ALL DAY SUNDAY LANSING VALK ™ginen Natl. Building REALTOR 2 kitchens 2 open fireplaces Library 1st floor lavatory Breakfast nook Vanity Big clubroom Stone and brick construction 2-car brick garage Deep lot, beautifully landscaped J. Chas. Shapiro, Inc. Owner — Builder 1508 K St. N.W. 10 A.M.to 10 P.M. ‘Drive out 16th to Upshur, left to home 6708 North Cemml Ave. Chevy Chase, Maryland HIS unusually attractive new colonial home on large lot embodies all of the features found in much higher priced homes. 7 spa- I cious rooms, 2 tiled baths, large attic, open side porch, breakfast room, built-in garage, slate roof, screens, automatic heat. An Outstanding Value at 39,150 Saturday and Sunday To Reach—Out Connecticut Avenue, turn right on East Thornapple St.—confinue across Brook- ville Road one block, then turn left to property. EDW. H. JONES CO., Inc. 5520 Conn. Ave. - Cl. 2300 MEDAL AWARDED | Residence Overlooks Park office of the Realty Associates, Inc. The Residence at 1450 Hemlock street, overlooking Rock Creek Park, acquired recently by Mrs. Mary C. Pfluger, and her son, George F. Pfluger, through the main rooms and two baths, and has a two-car garage. home, of center hall plan, contains six —Star Staff Photo. American Institute of Architects. He is also a member of Chi Psi Fraternity, and the Century, University, and Cos- mos Clubs. Philadelphia Valuation Off. Philadelphia is valued at $3,255,705, 581, which is a drop of $198,302,445 | from an assessed value of the city the previous year. Stone for New Post ffice. About 275 car loads of stone will be used in the facade of the new post office i for Philadelphia. 4330 Davenport St. N.W. New Brick cim 6 rooms, 2 tiled baths with beveled edge tile; recreation room with colored tile floor; 2 wood burning fireplaces. Price, $10,500 Open for Inspection SEASON'S BEST BUYS 516403 Ridgewood . Ave. - tempting value in Chase, Md, A beau- setting with many . Six large rooms, two baths. Gas heat. $13,500 To inspect, Gonn. Ave, drive out past 2 Ave., turn right % block mbflcedou‘t vzuc. .u.-ei 's": Rlv;rw’fl,i to property. River Rd.'to Davénport St. and Wes J. WESLEY BUCHANAN, Inc. Realtors 916 15th St. N.W. Me. 1143 Wm. H. Saunders Co., Inc. 1519 K St. NW. Di. 1016 6621 Piney Branch Road N.W 7,950 RADICAL!—Yes! We believe this price will establish a value recognized by everyone. BRAND-NEW all-brick, slate roof, copper gutters and down- spouts, open fireplace, attic, large lot, garage, paved street. Six rooms, tile bath, recreation room, electrical refrigera- tion.’ (Bet., Open All Day Sunday and Week Day Evenings PHILLIPS AND CANBY, INC. EXCLUSIVELY Investment Bldg. Overlooking the Indian Spring Golf Course and Beautiful Surroundings in Highland Park of Sligo Park Only 20 Minutes' Drive from the Treasury via 16th Street Just Completed * "THIS picturesque bungalow with slate roof ‘and other features usually found only in higher priced homes, must be inspected to be appreciated. Its commanding location on Flower Avenue will appeal to you. DRIVE OUT SUNDAY (or take 16th St. bus marked “Four Corners”) ~—and inspect the ral ik Homes' now srafiabier ™" $7,850 to $8,500 Homes $8,750 & $9,250 HOMES Terms to Meet Reduced Budgets Moss & Robinson Riggs Bank Bldg. 14th and Park Road COlumbia 7571 and 8433 Evenings, SHepherd 1871 or 3471 I g “‘lf The Outstandlng I!oe Buy In or Near Washington 801 Sligo Ave. Silver Spring, Md. $8,850 Financed by the Metropoli- tan_ Life Ins. Co. for 15 This beautiful corner home con- tains 7 rooms and 2 baths. At- tractively decorated and modern- ized. Lovely corner yard with a profusion of evergreens and shrubbery. Garage. Drive out Georgia Ave. or 16th St. to Silver Spring. Turn right on first street buyer. other side of R. R. bridoe 2 blocks to house. Washington I“”’f’ . — WATRES 52 = Aflmu I REAL ESTATE. Truly a Part of the Park MATCHING ITS SYLVAN BEAUTY Near the Northern End of Beach Drive Thru the Park Surrounded by Rock Creek Park, a community dedicated entirely to the reproduction of historie Colonial homes and others true in character to the .period of the Thirteen Colonies. A number of outstanding, beautifully wooded sites are available at this time. Specially priced to encourage home ownership while construction costs are at bottom., VISIT THE REPRODUCTION OF WASHINGTON’S HEADQUARTERS AT VALLEY FORGE Furnished and Decorated In Period Exactness By W. & J. SLOANE TEMPORARY OFFICE Edson W. Briggs Company 1817 Plymouth St. N.W. Geo. 4904 34 East Woodbine St., Chevy Chase, M. This new STONE and BRICK Colonial home just off Connecticut Ave., in the Country Club district of Chevy Chase, offered at a startling new low price, certainly represents a home buying opportunity even in these times. 6 large rooms, 2 real baths, breakfast nook, spacious attic, 2-car garage. Fully screened. Nearly 14 acre of ground. WILL CONSIDER SMALLER PROPERTY IN EXCHANGE OPEN FOR YOUR INSPECTION C. Bushman Smith The Cherry Blossoms are just ready to burst into bloom in EAUTIFUL at every season of the year, " but at Springtime when miles of ave- nues bordered with these dainty Yosh- ino Cherry Trees are radiant in their delicate tints, there is no residential community ad- jacent to the National Capital to compare with Kenwood—rivaling even the famous display in Potomac Park. Amid such an environment you can select the ideal site for the home of your dreams. Here the sublime beauties of nature are supplemented by careful community plan- ning—protected by sensible restrictions, rig- idly enforced. Exceptional features are in- cluded — club house, golf course, tennis courts, etc.—con- tributing to the delightful life of the community. You can buy and build to un- usual advantage NOwW. Drive out Sun- day; you won’t he besieged by salesmen. To reach Kenwood go west of Wisconsin Ave. on Dorset Ave. or Bradley Lane to the entrance to KenWwood. Kennedy-Chamberlin Dev. Co. 2331 Cathedral Ave. Columbia 7280 Completed Home 12 Kennedy Drive Open for Inspection Colonial design. Six bed rooms, 3 baths, large recreational room. Servants’ quarters, of 2 rooms and bath,” located over the garage. Beautiful site, 137-ft. frontage, with back- ground of towering trees, Price and Terms will interest you Open week days, 2 to 6 Sunday, 10 to 6