Evening Star Newspaper, May 13, 1933, Page 15

REAL ESTATE. GROUP OWNERSHIP HELD RECOVERY AID Architects’ Rehabilitation Survey Says Values Can Be Restored. Deflated real estate values will be| restored and slum clearance furthered by & co-operative program of group ownership, Arthur C. Holden of the New York Chapter of the American In- stitute of Architects, declares in a rehabilitation study re) to the institute this week. Calling for immediate action, Mr. Holden proposes that an advisory board composed of architects and other quali- fied housing experts be formed to map such eligible “improvement” areas as are proposed by State and municipal authorities. The validity of the need within each area and a tentative sched- ulé for the distribution of available funds also should be decided by the rd, he adds. 'Group ownership,” says Mr. Holden, “can conserve the fading in of despairing property owners. They have to grasp the conception of the thing and to make certain that the necessary details will be worked out.” R. F. C. Assistance Delayed. Assistance from the Reconstruction Pinance Corporation to housing projects, he explains, has been delayed because of the absence of a satisfactory method of procedure. He believes property owners, banded together to carry out & plan of rehabilitation in congested city areas, will satisfy the corporation’s re- quirements. An eight block census tract would be utilized as the unit for improvement, in- stead of an individual plot, under Mr. Holden's proposal to wipe out slums. A detailed economic analysis of the | property would be conducted, in which all the factors governing the value of individual holdings would be expressed in terms of percentages of the whole. Bach owner then would be given an equity trust certificate to establish his participation in the whole project. “It is ble,” Mr. Holden asserts, “to be lutely fair. Pro lonate shares can be determined by economic analysis. Where groups of owners put | themselves in such a position, it will be possible for them to utilize the great | credits now available for housing with- | out the fear of disastrous dislocations in real estate.” | Sees Hope of Recovery. Mr. Holden declares his program will | enable property owners to use credit of | the Reconstruction Finance Corporation | to rehabilitate “distressed” real estate ! in a way “that will not bring economic | chaos, but raise us out of our present condition and start us on the road to| self-respecting recovery. He maintains that low rents cannot | be provided if much capital must be paid out for land and that the dual| purpose of the Reconstruction Finance Corporation in housing—to provide work and to eradicate slums—can be served only by apportioning funds to rebuild definitely mapped areas. | “Credits and other forms of Govern- ment aid should be used only when property owners co-operate to achieve | s social end” he recommends. “This means that if the district can co-oper- ate it will credits for its use; if not, credits will be placed elsewhere. A method can be worked out for the ad- | ministration of property in an i.mproved‘ area, so that unfair advantages will not accrue to certain owners while at the same time harm is done to the interests of other owners.” | Liberalization Urged. | Liberalization of present mortgage procedure and better co-operation be-: tween property owners and mortgage | holders are urged by Mr. Holden. He | points out the “weakening” of the active | sales market for real estate has caused | the mortgage holder to hesitate to take | over property and that frequently the mortgagor is granted temporary reduc- tions in the obligation. | MODERNIZATION HELD | GOOD INVESTMENT U -to-Date Buildings Declared Profitable to Those Who Have Work Done. | Modernization of buildings and indus- trial plants writes its own golden text— it pays back the man who pays for it. | “Spending money to make savings is conspicuously exemplified in the indus- | trial fleld,” points out Nation’s Busi: ness, organ of the United States Cham- | ber of Commerce. “The wealth of its| object lessons argues the alertness of managements forced to match the con- striction of sales volume with internal economies. “Certainly the impulse to make old | things do will not do in the commercial | field. Nor will the depression account | for all the losses of customers and profits, There are just as many peo- ple with wants to be satisfied. Patron- age may be lost,”but potential prospects In the various price groups, never. While | the laggard hesitates, the progressive | makes a partner of change. “The real task before a selling or- | ganization is to show buyers how to| make greater profits, and then prove that proposed methods will accomplish the desired result. When the prospect is convinced that the seller’s proposal will increase net profits; and he has the authority and means to buy, he becomes | & customer. “Every plant manager is looking for something which will save fuel, increase production with no increase in costs, and save labor. Every dealer is always anxious to get merchandise which he| can turn into greater net profits for himself. “In a very real sense, building and equipment prices are at bargain levels. The designer and the engineer have stimulated their ingenuities with an eye to conservation of depression rev- enues. The trouble in business is that the front office may block moderniza- tion by making a virtue of ignorance.; Too often all it wants to know about improvements is that they cost money. ‘Where conversion through education is g0 plainly indicated, the showing of definite savings is the first aid to ef- fective_evangelism.” Inspect 4540 Lowell St. Wesley Heights This is unquestionably the lowest priced home ever offered in this popular sub- division. Take advantage of the unusual. It is Priced Under 12,000 8ix rooms, large enclosed sleeping porch, OIL HEAT, FRIGIDAIRE. Two-car ga- rage with studio or play room above. Wooded lot 50x150. Dwelling on THE Holly Street Residence of Maurice and Rose Katz at 1731 Holly street, built by L. E. F. Prince and sold recently through the office of L. T. Gravatte, realtor. The house contains 10 rooms and 4 baths, with a detached 2-car garage.—Star Staff Photo. Occupancy Permits Permits to occupy premises were issued by Col. John Oehmann, District building inspector, during the past week to the following: Lord Baltimore Filling Stations, Inc., 1162 Twenty-first street, gas station. Richard W. Goode, rear 1124 Nine- teenth street, auto repair shop. Herman Sichterman, 1747 jewelry repair. Antonio Lombardi, 313 Pennsylvania avenue southeast, restaurant. George D. Ellis, 4805 Wisconsin ave- nue, restaurant. hPl'nlL\ps-l.aouise, 1727 L street, gown shop. 3 Charles W. Henley, 731 Seventh street southwest, confectionery. Stoneleigh Luncheonette, Inc., 1602 L street, restaurant. Joseph E. Via, 2931 Twelfth street northeast, upholstery shop. Sam Shore, 902 cleaning and pressing. Paradise Barber Shop, 1023 U street, barber shop. Arthur Atanian, 1421 P street, bil- liard room. Scheer Bros., 657 Pennsylvania ave- nue southeast, men’s furnishings. Robert A. Walker, 1708-10 Pennsyl- | vania avenue, lunch room. Samuel D. Dorfman, rear 1825 K street, beverages. Smith's, 1830 Columbia road, radio store. Charles Davis, 807 W street, delicates- sen Emma R. Hart, 1735 L street, ladies’ alteration shop. David A. Dodson, 401 Twenty-third street, valet shop. Food Distributing Co., 3509 Georgia avenue, beverages. Nora C. Burbanl street, school. James Harper, 1805 L street, barber shop. 1da Epstein, restaurant. T. K. Shreve, 1900 L street, grocery, beverage: Sandwich Shop, 1106 R street, sand- wich shop. Mrs. Sarah Friedman, 1303 Seventh street, tailor. Elliot Mazur, 809 H street, beverages, ice cream. Samuel Shuster, barber shop. Mrs. Lizzie Harrison, street, palmist. Henry Knoch, 908 Twenty-first street, locksmith. Pennsylvania Beverage Co., 3206 M street, beverages. Moskin Clothing Co., 729 street, clothing. G. A. McKinney, 611-613 H street northeast, restaurant. Joseph Privitera, 5106 Conduit road. shoe repair. Walter C. Simmons, first street, drug store. L. & H Beer Co., 811 Rock Creek Church road, beverages. Variety Brews Co., 1233 New York avenue, beverages. Jefferson E. Nicholas, 1420 Irving street, beverages. Goodman Kay, 916 W street, coal 404 Eighth and wood. Joseph LeRoy Smith, street southeast. printing shop. Constantine Roumel, 1109 Seventh street, beverages. American Ice Co., Thirteenth and Upshur streets, ice sales. American Ice C Firty-ninth and Grant place northeast, ice sales. Walter Miller, 816 Sixth street, fruit and vegetables. Francis Wells, barber shop. 732 Eleventh street, 909 Ninth street, 1002 Seventh Seventh 1030 Twenty- 729 Fourth street, Fred B. Cushman, 2038 Georgia ave- | nue, real estate office. Abraham Orloff, 305 Seventh street, beverages, army and navy goods. Samuel Ka; 1902 Fourth street Furnished Colonial Detched Home in American University Park Here 1s one of Washington's finest all- brick homes, consisting of 7 rooms. 2 baths, with completely modern kitchen. artistic recreation room. located in de- tached neighborhood, convenient to school, churches. stores and transpor- Right t Brandywine one block. Bungalow Price, $3,500 $250 Cash—$35.00 Monthly Newly decorated, electric, lights, lare: e. large i3 Takoma Tow. 515 East Capitol St. original selling price. 6 garage. Reconditio VACANT OPEN FOR INSPECTION WM. Investment Building P. L street, | Kennedy street, | 5901 Thirty-second | Open Sunday for Inspection JOS. A. HERBERT & SONS |ARCHITECTS ELECT 3 NEW DIRECTORS James 0. Betelle of Newark Re- tained as Head of the Middle Atlantic Division. ST. LOUIS, Mo, May 13.—Election | of three new directors to the board of the American Institute of Architects was announced here today. The three, who will replace members who retire on May 15, are: David J. Witmer of Los Angeles to | succeed Frederick H. Meyer of San Francisco as director for the Sierra | Nevada division. | Ralph H. Cameron of San Antonio to | succeed M. H. Furrbringer of Memphis as director for the Gulf States division. William T. Warren of Birmingham, to succeed Franklin O. Adams of Tampa, Fla., as director for the South Atlantic division. Members who retain their posts are Albert L. Brockway of Syracuse, direc- tor for the New York division; George Herbert Gray of New Haven, director for the New England division; Fred- erick M. Mann of Minneapolis, director for the Central States division; Herbert E. Hewitt of Peoria, director for the Great Lakes division; James O. Betelle of Newark, N. J., director for the Mid- dle Atlantic division, and Raymond J. Ashton of Salt Lake City, director for the Western Mountain division. ‘The American Institute of Architects was founded in 1857 by a group of lead- | ing American architects with Richard Upjohn of New York as the first presi- dent. It has 67 chapters, located in every section of the United States. | Al northeast, hakery and restaurant. J. M. Trueblood, rear 2324 Ontario road, auto repair. Nora V. Munson, 506 North Capitol street, beauty parlor. Jones Service, 1824 L street, parking 1 ot. Hubert L. Wright, 1302-D4 H street northeast, auto polish. Uri Bandas, 437 Ninth street, frozen custard and ice cream parlor. Thomas P. Mayhew, 302 Riggs Mar- ket, beverages, meat stand. Charles Pinkney, 1504 U street, ahnei shine. John Locklear, 402 Tenth street, shoe | hine parlor. Sherman Bradley, 3106 Kleventh 519 Eighth street, barber shop. .- Harrys' Men’s op, street southeast, hnberé’ushery, Emanuel Benjamin, 902 Third street, barber shop. Samuel pGrflx. 1301 Seventh street, shoemaker. Samuel N. Polino, 119 Third street | southwest, beverages. Smith & McLaughlin, 1716 I street, cafeteri: AVE $2,000 ELLING PRICE $5,250 dern brick home: double rear porchis: screened, covered front’ porch Boep loi: garage; near 2 car lines, bus, stores and school. Act quickly; it won't last long. Open Daily to 9 P.M. 703 HAMILTON ST. N.W. [orning i Co. Bungalow $4,950—Terms Aurora Heights, Va. ted throughout. contain- e i farse ooms and. bah. cellar. electric lights, latge lot with fruit trees and shrubs. Directions Hichwa 320 Villa Cross Key bridge to Lee 9-10 of mile to Bunsalow, Road. Woodridge, D. C. 2629 17th St. N.E. Colonial home containing seven rooms and bath, large attic, hot-water heat. electric lights, fireplace. hardwood floors throughout; large lot; sarage. We consider this an exceptional buy. LiIn. 0129 317 Windom PL N.W. NORTH CLEVELAND PARK 3 blocks north of Van Ness St.—2 blocks east of Wisconsin Ave. EVENING STAR, WASHINGTON, D. C, RECOVERY EFFECT ON HOME STUDIED Analysis by Paul Frizzell Shows More People In- terested in Subject. More people are vitally interested in the effect of the administration’s re- covery program on home values than on ‘nytgmx else, points out Paul Friz- zell, vice president of Shannon & chs Co., realtors, in analyzing the present situation after two years of what he describes as a virtual vacuum in the home market. “Conditions leading to the collapse of the market in used homes can be traced first to the decline in building costs, which was shortly reflected back un- favorably on homes already built, and then the drift of distressed homes into the market which persisted until com- petition among sellers became so keen as to lead to thorough demoralization of prices,” he says. “This, coupled with the confusion and sense of ecurity in the public mind finally led to plain fear of commitment on the of po-, part ) tential buyers. Proof of this is to be found in the fact that today there are homes on the market at prices that bear no relation to their actual value, however conservatively that value be reckoned. Added Living Comforts. “There were contributory causes, of course, including the development of additional living comforts as offered in the up-to-the-minute, easy-to-care-for modern homes. There was also that factor of high-pressure selling which led to financial disaster for so many buyers in recent years. That method of merchandising, typical of the times through which we have passed, e couraged purchases unwarranted by come, with the inevitably tragic results. “The potential market for all classes of homes is far greater than is generally realized.” Renters To Be Buyers. Declaring that an important part of the “new army of home buyers” will be recruited from the ranks of wage earn. ers, now renting, who have a high standard of living to maintain, Mr. Frizzell said also that a large group of potential home buyers is made up of | those who during the depression were forced to occupy restricted quarters or move in and double up with other mem- bers of their families. “An important factor, too, in the out- look for a better home market is to be found in the fact that building mate- rial prices are already moving upward.” BUY COLONIAL HOME Mr. and Mrs. Frederick E. Brown Acquire Chevy Chase Place. Mr. and Mrs. Federick E. Brown are the new owners of an attractive Colo- nial dwelling at No. 3 Magnolia park- way, Chevy Chase, Md., purchased re- cently from Edward H. Jones. ‘The house is of center hall plan and contains 8 rooms and three baths. It is is located on a wooded lot having a frontage of 125 feet on Magnolia park- way and a depth of more than 200 feet, with a four-car garage in the rear. The sale was handled through the real estate offices of Donald M. Earll | and Jesse H. Hedges. S A new safety device for automatic gas and oil burners uses the flame itself to complete an electric circuit. Operat- ing through a relay, the device has no moving parts, is said to be immediate in action, positive in response. 4401 GARRISON STRE Just Completed A new corner home, of DETACHED houses at the MOST AMAZ $7.550 to 89,750 BUILT BY CAPITAL HOUSING CORP. These homes represent markable values being offered in this low building cost market. Above pictured is a home with two baths; large attic; built-in garage; and features found in formerly these homes has been attractively furnished for your bene- fit. One block north of Fessenden St., at corner of 44th Street. OPEN ALL DAY SUNDAY—DAILY 2 TO 6 P.M. BOSS & AN ENGLISH HOME In Wooded Setting—Chevy €hase EXTRAORDINARY VALUE! Reduced to Only $9,950.00 Hmhthe opportunity you have been waiting for—a home in a fine restricted residential section at several thousand dollars less than large rooms, 2 baths, electrical refrigeration, attic, ned throughout and like a nmew house. Terms, Open Saturday and Sunday to 9 P.M. THROCKMORTON Dist. 6092 $11,950 A home of architectural distinction, located in the wooded section of Chase, west of Conn. A‘ve.,h:mfew squg:p.beybolz‘xdhs;:vivsnm; and offered at a figure far below any ral % Bnc{‘,”wmz and stucco construction, usuAl!' Tooms, two tile baths, pantry with electric refrigerator, attic, maid’s room, , all in perfect condition its dufi;fiy and outstanding value. Chevy Club, today’s low market. large day Sunday. 6411 RIDGEWOOD AVE. Reached via Connecticut Ave. to Thornapple St. turn left (west) two squares to Ri RM HOOKER Tower Bldg. SATURDAY, 25 YEARS AGO ‘ | n Local Real Estate “The bill pending in Congress to se- cure for the public the land between the Union Station and the Capitol grounds on the west side of North Capitol street is regarded as of impor- tance both from the standpoint of the improvement of that locality as well as from that of the owners of adjacent property,” says & news item in the Real Estate Section of The Star of May 16, 1908. “The former consideration, is, of course, the paramount one, and in fact the only one that has any weight in this connection. “It is probably due to the fact that the station building itself is such a conspicuous example of architectural merit that the project of enlarging its surroundings has been given consider- ation by those interested in improving | and beautifying the Nation’s Capital. | There is no question about the im- pressiveness of the station, viewed merely as a building. and that, com- manding as it does the vista of Dela- ware avenue from the Capitol, it forms| a suitable and worthy complement to the magnificent structure where the National Legislature has its home.” SILENCER NO.W USED IN AIR CONDITIONING New Device, Invented by Hiram Maxim, Absorbs Noises From Streets. There have been so many new de- | velopments recently in the field of air | conditioning that only the experienced | heating engineer is qualified to give the | home owner impartial advice on the | particular unit that will be best adapted to the building under consideration. ‘The most interesting feature of the device is the silencer which draws out- | door air mechanically and silently into | the room and absorbs from it the out- | door noises. At the same time it filters | the air, removing dust, dirt, soot and | germs, and circulates the purified air in the room. A rheostat an the motor circuit per- mits control of ventilation. There is no | noise or draft. | Noise entering the silences becomes lost or absorbed in a labyrinth, which is the invention of Hiram P. Maxim, | who perfected the famous Maxim gun | silencer. The outside din of auto horns, street cars, trucks, or building opera- | tions s excluded from the room. Some of the offices in Radio City in New York are equipped with silencers and air con- ditioners. 01d Tires Are Utilized. Discarded truck tires supply raw material for & new link rubber door- mat. Links are stamped out of the cotton-fabric sections and strung on copper and galvanized wire. Open Sunday 3311 Newark St. Located near the Cathedral and John Eaton. Public School, we offer a charming old home containing nine rooms, three baths, hot-water heat, electric lights, sleeping porch, two open fireplaces, completely screened and weather-stripped, good size lot, plenty of shrubbery and & | | garage.” Price, $13,950. For further information communicate with || The Munsey Trust Company REAL ESTATE DEPARTMENT NAtional 8080. one of a group being offered GLY LOW PRICES to the highest degree the re- Center Hall, brick and frame high priced homes. One of PHELPS .- six um ly An inspection will convince you of Open Saturday afternoon and all Ave. Metrop. 2663 MAY 13, 19 NATIONAL SURVEY OF BUILDING ASKED Architects Institute Chief Predicts Revival of Business. Anticipating wide-revival of business, a national survey of building needs is REAL ESTATE, *+ B3 petition which has resulted in needless ‘Mr. Russell declares. “The suitability duplication of space and in ignoring |of location for each type or building is suitability of location. | of the utmost importance. One of our ‘We will probably find it essential |greatest troubles comes from archi- some day to set up boards similar to |tectural weeds. Imose of Public Service Comml.ulom! “The amount of merchandising space with the power to refuse permits unless | that a given population would support necessity for the project is convincingly ‘l has been predicted occasionally, but proved.” this prediction should be enlarged upon Real estate men, invstment bankers, | and the facts should be made known city planners, comstruction companies | because of the tremendous waste that is | and contractors are asked by Mr. Russell | constantly indulged in for this partic- to join the architects in furthering an | ular purpose. inquiry such as the one put forwara national council to formulate & by Mr. Cheney. The 12-point plan building program could guide comm! placed most emphasis on determining : nities in making individual survey current uses and returns on property The architectural profession could and seeking when, where, and how to | benefit posterity immeasurably by as< build. sisting in such an analysis and by “Residential, institutional, and In- |bringing the mistakes to the attention dustrial needs should be determined.” of investors. urged by Ernest John Russell of St. | Louis, president of the American In- stitute of Architects. Action on the 12-point building in- |§ quiry proposed by Orion H. Cheney, for- mer State su) tendent of banks in New York, Russell as the first step in the surve; Creation of a national council to con. recommended by Mr. | solidate partial studies of building re- || quirements and project them further is indorsed by the institute’s president || as another necessary development. “The case for the building industry, says Mr. Russell, “closely parallels tha of the railroads has Jbeen keen and uncontrolled com: To Those Who. Prefer the Advantages of a Suburban 56 Franklin Street Hyattsville, Maryland ‘This new, detached, modern gray- stone and frame home, within twenty minutes of the city, is offered for your inspection. It is located in a neighborhood of attractive hcmes and offers a retreat from the bustle of busy Washington and yet with every city advantage. Particular attention has been given to the details required by a discriminating purchaser, such as a recreation room, open fire place, glassed-in sleeping porch, recessed radiators, oll heater, weather strip- ping, screens, cedar closets and hard- wood floors throughout. The large lot is beautifully land- scaped. Because of present day conditions, this property has been reduced to the moderate price of $12,950, with reascnable terms, and represents an excellent purchase even on the market of today. T. HOWARD DUCKETT Owner and Builder 57 Franklin Street Tower Building, o“r'nhln;tu-n, D. C. in that there always | 103 Spring St., Chevy Chase, Md. This brick bungalow, in new house condition, surrounded by trees and located within 114 blocks of Conn. Ave., $7 500 is priced to sell at . 6 rooms (bedroom on 2nd floor) and bath. 1-car garage. Gas heat. Large lot with 71 ft. frontage. VERY EASY TERMS To Reach—Out Conn, Ave. to Raymond St. (1 block beyond Bradley Lane), 1 block to Delaware St., then 1 block to Spring. OPEN FOR YOUR INSPECTION C. Busl’nman Smith Wis. 3539 A $30,000 Home $ Investment for— —literally a country miles from downtown. house and run. construction, living comfort square feet. Brief particulars: pantry; tiled lavatory. and storage space. side and out. ed value. The owner tion. Nat, 8383 2940 Brandywine Street FOREST HILLS 15,750 Amid a rare setting of giant oak trees Over 15 Acre Trees, shrubs, boxwood, gold fish pond, rose garden, chicken Open Sunday 11 to Dark Reached via Connecticut Ave. to Albemarle St., east two blocks to 30th, then one block north to Brandywine. This particular home property represents the unusual, not only from a value standpoint, but other major factors are obtained, such as convenience of location, environment, solid masonry A perfect haven from the city humdrum and yet within 15 minutes of downtown. s: FIRST FLOOR—Wide fireplace and built-in bookcases; center hall; large, bright dining room; sun room; kitchen; 1 SECOND FLOOR—Four splendid bed rooms; huge, enclosed_sleeping porch, with southern exposure; two tiled baths. Maid’s room_ and bath. ] ~ Only a careful inspection will convince you of its every advantage, and at the price offered it represents a real sacrifice to the present owner. estate—3%% fruit trees, and beautifully improved grounds containing approximately 16,000 covered living porch; living room, 28x15, with stone THIRD FLOOR—Two bed rooms; tiled bath Two-car garage. Frigidaire. Perfect condition in- : The price is actually below is away from 11 o’clock until dark to permit your freedom of Lansing Valk Ezxclusive Agent Investment Bldg. ANNOUNCING A4 Silver Star Home Featuring Actual Reproductions from Famous Old Colonial Homes 1343 Locust Road Just north of Kalmia Road Furniture by Hutchinson’s, Inc.; Draperies by John F. Ligon BUILT BY PAUL T. STONE, INC. Presented By J. Wesley Buchanan, Inc. 916 15th St. Realtors MEt. 1143