Evening Star Newspaper, March 16, 1935, Page 18

B—2 =x=» REA L ESTATE THE EVE NING STAR, WASHINGTON, D. C, SATURDAY, MARCH 1 6, 1935. REAL EST ATE, F.H.A LIBERALIZES LOAN' INSURANGE Changes Expected to Aid Both Home Owners and Lenders. Liberalization of rules and regula- tions governing the mutual mortgage insurance plan of the national housing act, making it more attractive both to financial institutions and to potential home owners, was announced today by Federal Housing Administrator James | A. MofTett 1 The outgrowth of advice and sug- | gestions of mortgage experts and accredited lending institutions, the changes are expected to lubricate the machinery of the long-term provisions of the national housing act and to bring increased benefit to both bor- rowers and lenders under the mutual mortgage insurance program. Under the revised regulations mort- gage companies with capital of $250.000 or more and trustees acting in a fiduciary capacity are eligible as mortgagees with authority to obtain insured home mortgages. Each com- | pany and trustee. however, has to be approved by the administration indi- | vidually after submitting proof of its ability to service mortgages satisfac- torily. Seek to Expedite Insurance. Under the new regulations, insur- ance on mortgages, upon which the Federal Housing Administration has | made a previous commitment. becomes | effective when construction is com- pleted and the mortgage issued. A cer- tificate of completion must be signed when the mortgage is formally | executed. It was explained that this provision avoids any delay between | execution of the mortgage and its insurance. When the certificate of | completion reaches the Federal Hous- | ing Administration the date on the | insurance contract is made to coincide | with the date on the certificate. Several changes were made also in | the mortgage and note forms. Pro- visions relating to the administration’s requirements are standard in both mortgage and note forms for the country as a whole. Other provisions vary to a certain degree to conform to the laws of practices in the indi- vidual States ar ‘Territor there peing a standard form for h The chief changes are as follows: 1. If the premises covered by the mortgage shall be damaged by fire or | other hazard against which insurance is held. the amount due from the in- surance company shall be paid to the mortgagee (lending institution) and at its option may be applied to the debt or released for repairing or rebuilding | the premises. Originally, specific au- | thority was not given to the mort- gagee to turn over, at its discretion, all or part of the insurance money to the home owner. | Grace of Month Allowed. | 2. Privilege is reserved by the home owner to pay the debt in whole, or in an amount equal to the monthly payment, or in multiples of this pay- ment, on the first day of any month | prior to maturity, provided he gives written notice to the lending institu- tion of an intention to exercise such | privilege at least 30 days prior to pre- payment. Heretofore, there was no restriction as to the amount of time | of such pre-payments, the lending in- | stitution having to accept any amount | at any time. | 3. The same grace period of one | month is allowed in the notes as in the mortgages, the note not being in default if payment is made before the next monthly installment is due. 4. Interest is placed ahead of amortization in the allocation of the monthly payments to the various charges to be met, as payment of in- terest logically comes ahead of amorti- zation of principal. The order of form is as follows: Premium charge, importance in the revised mortgage service charge, taxes, interest, amorti- eation of principal. S. S. KRESGE FIRM BUYS THREE D. C. PROPERTIES | Upper Fourteenth Street Sites Will Be Utilized for Store Building. One of the largest real estate trans- actions in Washington in recent months was announced today by Carl G. Rosinski, realtor, who reported the sale of three properties on upper Fourteenth street to the S. S. Kresge Co. for an unannounced considera- tion The deals were handled by the Rosinski offices and involved pur- chase of 3116 and 3118 Fourteenth street from the National Savings & Trust Co., trustees, and 3120 Four- teenth from Mr. and Mrs. William Murphy. The Kresge Co. plans to build a store on the property. Old buildings are now being wrecked. New Realty Organ Published. A new official organ in the inter- national real estate field, Boletin de 1a Camara Nacional de la Propiedad, | published by the Havane, Cuba. Real Estate Board, has just been published. ‘The Havana group recently celebrated its first anniversary. . Cover Protects Shades. Window shades are protected from dust and dirt by a new inexpensive cover. Easily attached about the rol- ler, it also serves as a guide for the shade and is made in matching ma- terials. FIRST OFFERING SIX-ROOM BRICK HOME ON LOVELY WOODED LOT $8,750 FEATURING All-brick Construction. Slate Roof. 50’ Wide Lot. Modern Kitchen. Large Porch. Brick Garage. 6416 31st Street CHEVY CHASE, D. C. Home May Be Enlarged as Income Increases Py i1 pimane | ROOM s M The basic idea behind t expanded and to retain a pleasing appearance throughout. architect, for publication in The Sta of design so that at no point in the development is there a disagreeable result is about 90 feet long when finished. T herefore it should be located in the country where land Designed as a stone building, it could. nevertheless. be built either of brick or wood since it of ground as it is not so expensive . design was to produce a plan that could be added to as the owner's pocketbook The house was designed especially by Carroll Meigs, Each stage of the building is carefully considered from the standpoint The house needs a large plot does not follow any particular architectural style but rather attempts to be a rambling sort of “homey looking™ structure. the only section which would need a Farmhouse and Are Transformed by Architect One of the most unusual examples | of “using what you have” was demon- strated recently by a Chicago architect who made a modern country home and a guest house out of an old farm house, a granary. a hen house. and a barn. according to a report to the Federal Housing Administration As the farm hcuse itself was sub- stantially built. it was quite simple to modernize it for comfort and livability by knocking in windows at the correct angles for air and view. rehabilitating the kitchen. adding the necessary plumbing. heating plant. and all the other things to make the house suitable for use in all weathers and seasons. But the real problem was what to do with the outbuildings, a part of the ne essary equipment of a farm but apparently without practical use to the new owner. At times, however, a good architect is something of a magician. The barn continued as an outhouse, but was transformed into a garage and work- shop. Real inspiration was shown in the utilization of the two-room hen house and the granary. The two build- ings were joined together in ell-shape and converted into a guest cottage. basement under it. The first unit in the construction would be the living room, kitchen and bath arrangement which is fi(jurtbuilrdin.gs | The old hen house became a bed | and living room. with a cheerful fire- | place and a small bath room. The old granary became a delightful | kiichen with three big windows and a breakfast nook. A screened-in porch was built to utilize the re- mainder of the ell space and to serve as an extra living-dining room in the Summer. Electricity made light- ing. cooking and refrigeration easy. | The soft gray wood exterior of the old buildings thus joined together be- came a lovely backgrouna for masses | of pink hollyhocks. When the inspiration struck the architect to make a cottage out of the hen house and granary the inten- tion was to use it as a home for the caretaker. But the finished product was so delightful and so far sur- passed expectations that the family would not surrender it for that pur- pose. When it is not in use as a guest house it is made a general rec- reation place for all members of the | family and their friends. The quiet and ordered routine of the larger house was easily main- | tained, while the recreation spirit | and fun of “a place in the country” prevailed in the charming little bungalow with the unusual ancestry. OFFICES ARE MOVED BY BOSS & PHELP Northern Virginia Office Is Lo- Announces. Announcement has been made by the firm of Boss & Phelps, realtors, of the removal of their Northern Vir- zinia office from the Arlington Title Co. Building to a location in Claren- don, Va. The new office. considerably larger than their old quarters, is lo- cated at 4 Garrison road, at junction of Wilson Boulevard, Washington and Clarendon avenues. Boss & Phelps have been active in the real estate business in Northern Virginia for the past seven years, having started making first mort- | gage loans in that area in March, 1928. In April, 1931, they opened | their branch office, conducting a gen- | eral real estate business. | Due to the increased activity, par- | ticularly in the building and selling | of new homes, this firm has antici- pated the need of more spacious quarters and an increased personnel | to render efficient service. i The management of the office will 7115 Sth Open Daily Here is the 6 rooms, 3 bed rooms, 2 baths (shi room, large. deep lot—surrounded b: convenient neighborhood. * In construction—th! in Washington teday equipment—nof offered employed. In 1o the ur; T | cated in Clarendon, Firm 1 DAHLIA TERRACE Furnished by D. S. Pool house bevond all others you should see Sunday! wer in each). breakfast mook. mew brick detached & has been emi biy priced on reasemable terms. | continue under John F. Webster, a past president of the Kiwanis Club of Arlington County and for several years secretary of the Alexandria, | Arlington, Fairfax Real Estate Board. | MODERNIZING CHEAP Kitchen Can Be Improved at Very Little Expense. | Practically any kitchen which con- ! tains a sink without & drainboard | can usually be very easily modern- | ized at little expense. Wide wooden | boards of fine-textured wood are manufactured especially for dnm-\ board use and may be obtained | through practically any retail lumber | dealer Often they are available through plumbing contractors and stores handling plumbing fixtures. They can usually be quickly installed by fastening them to a few cleats nailed to the wall or nearby kitchen cabi- nets. o Paint Aids in Fighting Germs. The New York Department of Health is finding paint so effective in fighting disease germs that it is largely abandoning fumigation in rooms with painted walls and is now simply washing the painted surfaces. Until 9 P.M. All-brick. recreation bomes in a refined, from the el | Murray; COLEMAN REALTY FIRM ANNOUNCES SIX SALES | Two Leas-- Also Are Reported Closed Within Recent Weeks by Organization. Six sales of real estate and two leases, closed within the last few weeks, were announced today by the real estate firm of Edward D. Cole- | man. The sales and leases are as follows: Sale of 1226 Ninth street to F. A. 59 | Tenth street southeast to Freda E. | Ostmann for Lizzie Geisking: 1242 R street for Elizabeth May Cammack to Geneva C. Bark- ley; 2624 Eleventh street to Mr. and Mrs. Barnett Shapiro for the estate of Mary E. Treen: 913 T street to SCOT FOUGHT DEAL CREATING CAPITAL CAR LOADINGS RISE INBUILDING G0ODS 12.9 per cent increase in building ma- terials car loadings during the last three months of 1934, as compared with the same months of 1933. Railroad Reports Increase. ‘The Central Railroad of New Jersey reported a 20.4 per cent increase in the same period. The Boston & Maine Railroad had a 67 per cent in- crease for the first 11 months of 1934, as compared with 1933. The Union | Pacific Lines had an 8 per cent in- crease in the same period. “ The Florida East Coast Railroad ‘had‘n 66 per cent increase in car loadings of building material and equipment for the first 10 months of 1934, as compared with the same period in 1933 During December, 1934, the Atlantic Coast Line showed almost 7 per cent increase in car load lumber shipments. Landowner Did Not Relish Having White House in Front Yard. (Continued From First Page.) The proposed city was to be located upon a tract of land 10 miles squsre. centrally located in the States. The site finally selected was between the | junction of the Potomac River and | its Eastern Branch. Washington desired to purchase the land owned by David Burnes mainly because it was in the center of the site and was one of the largest tracts | in the proposed development. This proved to be very difficult, for Burnes refused to sell, asserting that he did| not want “a Capital at his front door.” | The persistent efforts of the agents failed to secure the property so Wash- ington resorted to strategy. He in- structed the engineers to survey east- ern portions of the site to convey the | impression the executive buildings' were to be built in this vicinity. But even this failed to weaken the old Scotchman. Even Spurns President. | President Washington paid a visit| to David Burnes to try to talk him | into the deal, but failed to shake the | Scot's determination Washington then played his trump He reminded the obstinate Mr. Burnes that according to the Maryland statute’ the Government could con- demn and buy up to 125 acres for the use in one project and said this would be done to the Burnes land. With this confronting him, Burnes finally consented to sell his land pro- Improvement Is Reported to F. H. A. After 7 Months of Housing Program. Marked increase in railroad car loadings of building materials and re- ports of increased income from various industries are reported to the Federal Housing Administration after seven months’ development of the Better Housing Program. With a widespread Spring mod- ernization drive marshaling its forces in every corner of the Nation, these reports of gains in railroad hauling and increased profits from building material and concomitant trades are considered by experts to be a direct result of the exploitation of better housing by the Federal Housing Ad- ministration. Car Loadings Gain. Car loadings, particularly, credited | with being an accurate barometer of | business, showed notable gains during | ¢ the last months of 1934. This was at the time when the first results | ¥ of the Better Housing Program -ere; beginning to be felt The Reading Railroad enjoyed viding the executive buildings were located upon the property. The deed was recorded 144 years ago and the original is still intact even though it is yellow and badly cracked about the edges. The public can see it only under the strict supervision of Miss Margaret Killeen, the first deputy of the recorder of deeds in the District of Columbia. | 114 LELAND ST. Chevy Chase, Md. A most delightful new brick residence, located in this re- stricted community of fine homes, is now offered for sale at the low price of $12, 250 Center-hall plan, large living room, dining room, ELECTRIC Mr. and Mrs. Shapiro for the heirs of | Harriet A. Wood. and 2600 Tilden street to Elizabeth May Cammack for the Federal American Co. The leases involved 2621 Connecti- | cut avenue to James Bailey and Ma- rion Poore, to be used as a grocery, | | and 3518 Connecticut Clements, Inc, store. avenue to Inspect These Homes Today or Sunday $11,950—5421 30th Place, Chevy Chase, D. C. Model home. 7 rooms and and 2 baths. Oxford kitchen cabinets, oil burner, club room with open fireplace. Celotexed attic. Bus at the door. $9,950—512 Quack- enbos St. N.W. One of our model homes. 7 rooms and Z baths. 2 open fireplaces. attic plastered and floored. electric health home, oil burner, Oxford cabinets. Attractive, semi - detached home. Large heated sun porch on the side, thorough- Iy renovated, all modern im- provements. $8,950—1425 Trini- dad Ave. N. E. A beauntiful corner with en. closed rear porches. Built-in garage, renovized through- out. Bus stops at the door. $8,350—626 Pow- hatan St. N.W. Here is a lovely, semi-de. tached, brick residence with one of the ever-popular Electric Health Kitchens. It contains three fine bedrooms with tile bath, built-in tub and shower; built-in rage; oil heat; fireplace in living room. [ $6,450—5132 8th St. Reconditioned threughout, this allmodern home with concrete front porch and two enclosed rear porches and a garage. Convenient for use as a liquor | HEALTH KITCHEN. Three bed rooms, two baths, spacious closets. Close to transportation, grade Large rear porch overlooking the wooded area. and high schools. OPEN—HEATED To reach . Lelan, EDW. H. JON 5520 Conn. Ave. Out Conr. A Street. turn lef |0 BIRON [ Bed Rooms . Newest Recreation Rooms OLUTELY the finest Studio Large, spacious living room fireplace ...3 MASTER BED ROOMS ful recreation room . . . bu stores, schools, transportation. Drive Out Now Out 16th St. to homes. mn A Beautiful New Glover Park Homes 2326 to 2334 ES BUILT BY 1351 SHERIDAN ST. N.W. step-up dining room . . . 2 colorful tiled baths ... a wonder- n garage . Washington's cheicest lotation, Sheridan Park, just off 16th St. to Sheridan St. N.W. and right on Sheridan TO REACH: Drive out Mass. s 1o 39th bevond Bradiey Lane to & CO., Inc. CLeve. 2300 SEE THE LATEST THING IN NEW HO M BROS. 2 Tiled Baths . Step-Up Dining Room . Fine Location OPEN DAILY Homes BIRON BROS. ever built! with beamed ceiling and massive . ELECTRIC HEALTH KITCHEN and Near .. plenty of closets . . . Tower Bldg. DI. 3100 tn Wiscon- e.. turn lett to Calvert St.. turn right 'St., then left two blocks to houses. OPEN DAILY_AND KUNDAY. 10 AM. TO 9 P.M. 39th St. N.W. Here's a thrill that comes once in a life- 9,850 to $10,850 Modern Gas Appliances through_the recreation tion porch wil screened fast nook ultra.modern kitchen . . th iron railings time! Lovely new homes with modern con. struction features and appearances that belie their LOW pric: .. gas heat , . . builtin garage . . 7 to 8 rooms... 2 baths . paneled paneled sun room . .. all brick construc- concrete front , completely and weatherstripped. . . Johns-Man. room . . slate roof ville insulation. .. large living room. ..break- bundant Five large rooms and attic. new hot-water heatin, conditioned throughout and newly painted outside. 2-car garage. plant, re- Large lot and A Value Hard to Duplicate 17 Madison St. N.-W. Open Every Day 9 to 9 HARRY WARDMAN, INC. (Agt.) A NEW HOME IN LYON VILLAGE UBURB THE IN-TOWN S > e arly A second floor ment OPEN DAILY AND SU uilt of white bric! and modern room, dining room and bed roc built-in tile shower bath are on t floor together with a mode equipped with eration and bu fine bed rooms and tiled 282 HIGHLAND AVE. WITH 4 BEDROOMS American Character Home, with slate roof insul g A Real led sink, elec -in cupbo: ba tti month. LIVE Federal Loan—Payable over a pe- riod of 20 years—Payable, including everything, Taxes, Insurance; only $63.50 per Price $10,750 Loan $7,300 Housing IN LYON AND SAVE MANY U SARY TO _ POINTS DISTANT. ver the Ke he Lyon t Lee Hip DAY FROM 2 P.M. = LYON, Inc. Developers of Lyon Village and Lyon Park HOLRS TO 8 PM. WAlnut 8410 1 IN THE FINEST FOR $31,500 . . . CAN BE BOU( 6134 30TH STREET $9.500—A new home in Chevy Chase, D. Chase Circle go east on Rit- tenhouse St. intersection thence to house. A charming home. 45 3 o . Grafto CTION OF CHEVY AT CONNE H ALSO OPEN h:fl Y $24,750 03 . CIRCLE TO ¢ C.—From Chevy Chase, D. to 30th St., at of Utah Ave, and other features. , IN NEW CONDITION. 5428 30TH PLACE $10,750—A new Home in Chevy C.—From Connecti- cut Ave. drive east on Military Road to 30th Place and north to house. An exceptionally fine home with 2 baths and many are the owners of 50 building lots in several co-operation of . . 3 and 4 bed rooms. laundrv M Te Reash—Drive east bouse St. from Chevy to Utah Ave Turn left one bleck to 3lst Bt.. turn right to proverty. J. WESLEY BUCHANAN, Inc. Realtors 916 15th St. = Met. 1143 We on_which Come out today or tomorrow. Directions Dahlia St.; turn left Architects—Bullders Investment Bidg. 3 we will design, finance and build to Drive out Georgia Ave. to at 8th and Dahlia Sts. NAL. 2040 to schools, stores and trans. portation. Wm. H. Saunders Co. e, 1519 K St. N.W. Dist. 1015 closet space...storage gas heater. WASHINGTON tube...and other exclusive feature! GAS LIGHT CO. stricted residential section, Glover Park. 'A. S. GARDINER 1510 K Street Owner-Builder National 0334 includ- ing a location in Washingtons highly re- 6811 FAIRFAX ROAD $10,950—A new Home in Edgemoor, Md.—From Bethesda Bank at old Georgetown RC. and Wisconsin Ave. turn left into Edgemoor Lane to Fairfax Rd. and left to house. A beauty, 4 bed rooms, 2 baths, (with bed room and bath on first floor). ALL OPEN, HEATED TODAY nas s ‘hm 2 TO 6—SUNDAY 10 TO 6 HEALTH HOME_ BOSS & PHELPS REALTORS