Evening Star Newspaper, August 24, 1935, Page 16

REAL ESTATE. BUILDING KEEPS RECENT PACE HERE Permits for $390,129 in New Construction Issued } Last Week. " (Continued From First Page.) block flats, 1836, 1840 and 1844 B street southeast; to cost $24,000. Washington Coca-Cola Bottling Works, 400 Seventh street southwest, owner; Doran 8. Platt, architect; Davis & Platt, Inc., 6900 Fourth street, builders; to erect one 1-story brick and concrete garage, 622-626 D street southwest; to cost $18,000. Ell Busada, Denrike Building, owner and builder; Joseph G. Herbert, archi- tect; to erect two 2-story brick dwell- ings, 2904 and 2906 O street southeast; to cost $10,000. L. E. Breuninger & Sons, Inc., 1515 K street, owners and builders; H. L. Breuninger, architect; to erect one 1-story brick and concrete block dwell- ing, 4400 Dexter street; to cost $10,000. Meyer Hanlein, 309 Clifton Terrace Apartments, owner and builder; E. B Griffin, designer; to erect one 2-story ! brick flat, 5408 Fourth street; to cost $10,000. | Dr. and Mrs. Freeman Weiss, 2801 Twenty-sixth street northeast, owners; Evan J. Conner, designer; Mitchell Quick, Inc., 927 Fifteenth street, build- ers; to erect one 1%-story stone dwell- ing, 3223 Vista street northeast; to | cost $10,000. | North Washington Realty Co.. 7906 Georgia avenue, owners and builders; C. B. White, designer; to erect one 1-story brick and concrete block store, THE EVE Residence Is Sold for Army Officer G_STAR, WASHINGTONXN, This attractive home, overlooking the Rock Creek golf course and located at 1630 Underwood street, has been sold for Maj. Gen. and Mrs. C. McK. Saltzman to Leo L, Callaghan through the office of L. T. Gravatte. ‘The home has eight rooms and two baths. SILVER STAR HOME %800 Georgia avenue; to cost $9,000. L. E. Breuninger & Sons, Inc.. 1515 | K street, owners and builders; H. L. Breuninger, architect: to erect one 2-story brick and concrete block dwell- ing, 1370 Locust road: to cost $9,500. Raum Properties, Inc, 1015 Fif- teenth street, owners; Johannes & Whitcomb, designers; Harry B. Pitts Co.. 1015 Fifteenth street, builders: to erect two 2-story brick and tile flats, 1243-1247 Raum street northeast; to | gost $8.000 each. | Frieda B. and Dewitt D. Harris, owners: Robert K. Smith, designer: Paul T. Stone, 3412 Rittenhouse street, builder: to erect one 2-story brick and concrete block dwelling, 5801 Nebraska gvenue: to cost $8,000. | A. B. Garden, owner; L. W. Giles, architect; A. Davidson, builder: to | erect two 2-story brick dwellings, 1616- 1618 Sixteenth street southeast: to €ost $4.000 each | Israel J. Mendelson, 4627 Hunt ave- | nue. Chevy Chase, Md., owner; V. T. H. Bien, designer: Guy B. Stephenson, | Chevy Chase, Md.. builder: to erect | one 2-story brick and frame dwelling, 8838 Fulton street; to cost $8,500 George J. Gill, Chevy Chase, Md., ©wner; C. B. White, designer; Paul T. Stone, builder: to erect one 1-story brick dwelling, 6015 Broad Branch ¥oad: to cost £8.000. Fidelity Home Co., 1415 K street, | owners and builders: W. Giles, | erchitect; to erect one 2-story brick | dwelling, 2928 McKinley street; to cost $7.500. Mr. and Mrs. J. H. Eaton, 4112 Jeni- | fer street. owner; E. M. Eaton, de-| signer; J. Heroert Johnson, Colesville, | Md.. builder; to erect one 2-story brick | dwelling, 4914 Albemarle street; to €ost $6.500. | Jacobson Bros.. 1616 K street, own- | ers and builders: G. S. White, designer; | to erect one 2-story brick dwelling, 3320 Somerset place; to cost $6.000. E. C. Philpitt, owner; R. F. Philpitt, | Hyattsville, Md., designer and builder; to erect one 2-story brick and concrete block dwelling, 4820 Chesapeake street; | to cost $6,000. Mary C. Furr. 1105 Fifth street, owner; W. J. Knott, designer and | builder, 726 Fifth street; to erect one | 2-story frame dwelling, 3046 Vista | street northeast; to cost $5.000. | Paul T. Stone, Inc., 3412 Ritten- house street, owners and builders: | Robert K. Smith, designer; to erect one 2-story brick and concrete block dwelling. 3408 Rittenhouse street; to cost $5,000 Clifford Paschall, District Heights, Md., owner and builder; Glen Paschall, designer; to erect one 2-story brick | dwelling, 2513 Branch avenue south- €ast: to cost $4,500. t Capitol View Realty Co., 927 New | York avenue. cwners and builders; W. Valentine, designer; to erect one 2-story brick dwelling, 5108 East Capi- tol street; to cost $4,500. | George W. Absher, 3301 Alabama evenue southeast, owner and designer; E. C. Absher. 3301 Alabama avenue, | southeast, builder; to erect one 2-story | brick and tile dwelling, 2305 Thirty- #ixth street southeast; to cost $4,500. Louis Silver, 915 East Capitol street, owner and builder; to make repairs, 819 East Capitol street; to cost $2,050. Hamilton Reslty Co. Inc., 1001 Fourteenth street, owners and build- ers: J. H. deSibour, architect; to erect | one 1-story brick addition, 1001 Four- | teenth street; to cost $1,800. Samuel Ginsburg, owner and build- er; R. C. Archer, jr., architect: to erect one 1-story brick addition, 2046 Eighth street; to cost $1,700. John R. Moore, owner; A. Eberly's Sons, builders; to erect brick addition, 81 New York avenue; to cost $1,500. Watkins-Whitney Co., Inc., lessee; Frank Davis, Clarendon, Va., designer and builder; to make repairs, 1434 P street: to cost $1,200. W. Schmidt, 3209 E street southeast, owner; R. C. Archer, jr., architect; to erect one 1-story brick-and-concrete addition, 3209 E street southeast; to cost $1,000. Clara Steiner, 1332 H street north- east, owner and builder; Marcus Hal- lett, designer; to make repairs, 1332 H street northeast; to cost $1,000. Lawrence J. Haslett, 3611 Thirteenth street, owner; Hary W. Goff, 2 Dupont circle, designer and builder; to erect one 1-story brick addition, 4403 Bheriff road northeast; to cost $900. Unusual Value JUST COMPLETED 1313 Taylor St. Northeast All Brick—Semi-detached Three Bed Rooms Two Baths First-floor Toilet Recreation Room—Oil Burner Double Garage Electric Refrigeration Insulated—Sereened C. M. WALLINGSFORD 1010 Vermont Ave. N.W. READYTOHORROW Fifth Residence Approved by 1935 Committee Is Early American. (Continued From Pirst Page) entrance is unusally large for the size | of the home—22 feet by 13 feet 4 inches, and utilizes approximately half of the first floor space. It has a deep fireplace to the east and windows ! on three sides. This is a coat closet | in one corner. ‘The dining room is located to the front of the house across from the living room. It is 12 by 13 feet in size. The Kkitchen, directly to the | rear of the dining room, is a model | of convenient arrangement. has ample work space and cabinets. | and other appointments adding to kitchen comfort. Bed Room 15 by 13 Feet. Nearly every inch of space on the second floor is used to advantage. The three bed rooms and one of the baths open off a sizable hall, which has a“convenient linen closet. The master bed room, 15 feet 8 inches by 13 feet 4 inches, is directly above the living room. It has windows on two exposures, a large closet and sep- arate bath. A second bed room is above the dining room, and has approximately the same dimensions as that room. It likewise has a spacious closet, with windows to the south and west. The third and small bed room is on the northwest corner of the house. The second and larger bath is located near the secondary bed rooms. The home is well insulated with 8 2-inch balsam wool blanket, which makes heating economical. The Federal Housing Administra- tion has given its indorsement to the home in the form of preliminary ap- proval for mutual mortgage insur- ance, which means that the house has been examined carefully by P.| H. A. realty appraisers and construc- tion inspectors. Survey (Continued From First Page.) the correxpondln(' month last year | the estimated cost of the buildings | for which permits were issued in July | shows an increase of more than 60 per cent. At the same time the num- ber of permits awarded shows an in- crease of 37 per cent. All types of construction shared in the advance, but the greatest improvement is re- ported in residential construction. In July, indicated expenditures for new | residential buildings were more than three times as great as in the same month last year, “Building construction as measured by permits issued ordinarily tapers off | abruptly at this season of the year. usually well maintained, however, the estimated cost of the buildings for which permits were issued declining only 1 per cent and the number of permits awarded showing an actual increase over June. Although indi- cated expenditures for both types of new buildings fell off slightly, a sharp upturn was reported in expenditures | for additions, alterations and repairs to existing buildings. These compari- | sons are based on building permit re- | It 1s equipped with an exhaust fan, | ports received by the Bureau of Labor | Statistics from 760 identical cities, | having a population of 10,000 or over.” Many Projects Are Big. | Permits were issued during July for | the following important building proj- ects: For apartment houses in the | borough of Brooklyn to cost over | 81,000,000 and for school buildings to | the borough of Manhattan to cost | 2,500,000, for a filtration plant in | Hammond, Ind,, to cost over $600,000; for factory buildings in Detroit, Mich., | to cost nearly $600,000; for factory buildings in Pontiac, Mich, to cost | nearly $275,000; for a school building, | Ransas City, Kans, to cost over $1,600.000; for factory building in | Tampa, Fla.,, to cost nearly $250,000, and for a concrete distribution strue- ture in Oakland, Calif, to cost over $1,000.000. A contract was awarded by the Public Works Administration for a | low-cost housing project in Indianap- | olis, Ind., to cost over $2,400,000. | — — To Safeguard Bricks. A barrier against water and damp- | ness in brick walls is afforded by new preformed figshing units, tough and | resilient, which are built into the wall as brickwork progresses. CHEVY, CHASE, MD. Aspen St., 2/10 Mile West of Conn. Avenue, You Will Find No. 121. $13,950 An all-brick Colonial. 3 bed rooms. 2 “This is an Ail-Electric Kitch- en Health Home. ped with au- tomatic oil furnace. Hot-water heat. Open Daily and Sunday Out Ce L . Aspen St Zone block “nortn"of Teland): turn west blocks to property. YOUR PRESENT HOME TRADE The furnished model home spect today. Features ® Step-down | Living Room ° @ Delco Oil Burner © 2 Screened Porches © Heated Club Room Harry War 1512 K Street N.W. Nationgl 2990 Wardman-Built Home 6209 Melville Place CHEVY CHASE, MD. three baths. From a standpoint of architectural excel- lence, you will find that this home is unsurpassed. At- tractively designed and ideally located, you will find it is just what you have been looking for. By all means in- Without doubt this 1% the best-looking Chase. Md. blocks is °Ch e omes are brand-new and all i the well-known builder, Warren. (All detached.) fously grouped and designed by of Wi ton's artistic architects, Harvey P. Baxter. All done in brick and stone. with slate roofs. The yards both front and rear are sodded and landscaped by expert landscape gar- deners, Quaint Acres. Restful to the eye. They are new houses, the majority of which were built to order. All oc- cupied by thelr owners. '(Names on hancement of of & group of 21 homes completing the block. 8 eadowbrook Wisconsin 4702 FOR THIS NEW contains 8 large rooms and | cost over $1,100,000; for a hospital in | gents DI. 3830 —=Star Staff Photo. HIGHER PRICED HOME DEMAND IS GREATER Six Residences of More Expensive Type Sold in Westwood Development. Evidence that the market in Wash- ington for larger, more expensive homes is greatly improvéd was sup- plied today by the firm of L. E. Breuninger & Sons, whose officials stated they have sold during the past six weeks a half dozen houses in their new subdivision, Westwood, hav- ing a total valuation of approximately $200,000. The average price of the homes was slightly more than $30,000, with one | price. The development of West- | wood is located in the estate section along Foxhall road a short distance | south of Cathedral avenue. | Although there has been a virtual “boom™ in the Capital and in nearby | virginia and Maryland as far as small homes are concerned, the demand for large homes has remained small. | | The fact that expensive dwellings | are beginning to sell once more is | | welcome news to Washington real estate men, i - . Dull Cherry Color for Floors. | and practical base for old hooked rugs |and early American furnishings. Visit the Beautiful Model Home 1939 Lamont St. Completel fully furnished by Hutchison’s, Inc. This is a splendid home for a doctor. Turn left at Park Road, rom 16th St. to Wai- ridge Place, formerly 20th St., then left one block to Lamont St. nd taate- and long experience. All day Sunday DO SATURDAY, AUGUST 24, 1935. construction loans in 7 per cent of the cities reporting, as against in 4 per cent of cities reperting six months 660D FOUNDATION REAL ESTA TE. a basement. Then concrete or other permanent walls can be built. Home owners should not overlook BANKS FINANCING ago. Savings banks are lending in 22 per cent of cities, As modifying the above report, however, real estate boards in 8 per cent of the cities state that no’ home IS HELD NECESSARY Building of Permanent Walls the recreational opportunities opened up by the excavated space under the house. This space, instead of being allowed to remain idle or be used as & depository for refuse, may with but FEATURES: —Southern exposure =7 spacious rooms with —Wood-burning —Tiled baths —Cedar closets ~—Bricked-in, screened ~—Paneled wood recrea- —Concrete front porch ~—2-car built-in garage ~—Paved street and alley Two unusually well-planned brick houses. Three or four bed rooms, one or two baths, entrance hall or direct entrance, side porch or front porch. Builder of proven reliability RESIDENCES AGAIN Survey Shows Operations in 47 Per Cent of Cities of Nation. (Continued Prom M common rate, but that in 62 per cent of all cities the charge is no higher than 6 per cent. Six months ago this was true in only 56 per cent of cities reporting. A rate not higher than 5%, per cent is now used in 9 per cent of the cities. Individual investors continue to be & more general source of home con-| struction money than either banks or insurance companies, the inquiry shows. They are a present loan source in 49 per cent of the cities. This means direct lending by the individual and does not measure extent of such lend- ing known to be carried on for the individual investor by his bank or trust company. Individual investors, the association has pointed out in a compilation issued April 21, 1935, constitute not only the most general source of supply but also the largest single source, a contention which has been verified by the find- ings, only recently published, of the Federal Pinancial Survey of Urban Housing. As to volume, the Federal survey found individuals holding 24.1 per cent, commercial banks holding 16 per cent, and life insurance companies holding 15.3 per cent of home mort- gages reported in cities. Trust companies, placed by new F. H. A regulations in a favored position to make trust-plan insured home mortgage loans for individual investors, are themselves loaning on new home building in only 19 per cent of the cities reporting. They were loaning in 17 per cent of cities six months ago. Important part is already being taken by the new Federal savings and loan associations. Local Federals are a present home construction loan source in 53 per cent of all cities re- porting and in 88 per cent of the largest gities. They were loaning in only 31 per cent of the cities six | months ago. | Results of operation of the Home The rate of activity in July was un-|at $35000 topping the group in|Loan Bank system may be seen in the fact that building and loan associa- tions are putting out new home building money in 67 per cent of the ities, as they were in 63 per cent of cities reporting six months ago. Mortgage companies are loan sources in 20 per cent of the cities, the same percentage as was shown six months ago. But they are active home construction sources in 63 per cent of the largest cities, where they have also made large loans on apart- ment and business buildings. Only very recently, following a long-con- tinued recommendation of the Na- | tional Association of | | loans through mortgage companies. { Building Washington’s Newest and Most Sensational Values ’8-,950 ” MT. PLEASANT Facing Rock Creek Park Right in the heart of the city—yet high, ool and away from noise and confusion— with beautiful Rock Creek Park right at your front door. These fine all-brick Colo- nial homes are proving the talk of the town —a sensation, and the prices lower than you will be able to find again. have been sold already. library and dinette stone fireplaces sleeping porches tion rooms with fin- ished flooring Bethesda, Md. | | | Real Estate | at minimum cost with a new pressed | Floors stained a dull cherry color Boards. F. H. A. regulations opened |steel clamp and special rubber gas- | {and varnished make an appropriate | & provision for placing insured home |ket. The half of the clamp covering companies make home | as a patch if desired. | First Showing! | 2 Sold Before Completion Inspect today—Open and lighted tonight and every eveming ’til 9 _§hapiro 1420 K Street MAKE YOUR CHOICE 1514-1516 Goddard Rd., Battery Park Each house has large living room, fire- place, screened dining room porch, furred walls, fully insulated. Concealed radiators, complete kitchen cabinet equipment. average 50x190. | per cent of the cities as against 46 | building loans are available except F. H. A loans. * Large geographical variations are noted in loan sources, In New Eng- land, where mutual savings banks are a large factor, they are making new home loans in 70 per cent of the cities. In the Middle Atlantic States, however, also mutual savings bank territory, they are reported ac- tive sources in only 30 per cent of the cities. Insurance companies are & source of loans for new home build- ing in 100 per cent of East South Central cities. Banks are present lenders in 60 per cent of Pacific cities. Three Sections Reported. Only 2 per cent of the cities re- porting on interest rates cite as yet a 5 per cent rate, the report coming only from three sections, the New England section, the Middle Atlantic section and the East North Central section. .One city reports & 4%-5 per cent rate. But while rates are definitely work- ing lower, practically all along the line, the spread of rates is even wider than it was six months ago. It still ranges up to 8 per cent (not includ- ing commissions and charges) and one city, in the South Atlantic sec- tion, gives its interest range as 7-8% per cent. Loans for new home build- ing in 9 per cent of the cities of the country still pay interest at over 7 per cent, and 7 per cent of the cities pay a rate ranging up to 8 pef cent. Six months ago 9 per cent of the cities had this higher rate range. Loans for the home bullder are still bunched in the group drawing 6 per cent interest, with a secondary bunch drawing 7 per cent. This traditional bunching grows less as new rates come to be established. An | even 6 per cent rate is named by 37 per cent six months ago. An even | 7 per cent is named by 11 per cent of cities today. | “New homes are being built, thus far in small numbers, but they are being sold as fast as they are built. ‘The market's absorption is encourag- ing both builders and lenders to in- crease production,” the Oakland, Calif. Realty Board reports in a state- i ment that hits the vital spot of the present mortgage building situation. | “This community needs 12,000 new | single-family houses to re-establish a ' | normal status, as shown by an occu- | pancy survey of May,” the board | states. “New Federal savings and loan concerns are coming into the field. Private capital is being offered | with much greater freedom than for five years. Some insurance company money is being loaned locally again. | Banks are lending on realty security again, but with greater caution than other lenders.” ‘Way to Repair Leaks. Leaks in pitted or corroded pipe lines are said to be instantly repaired | the leak can be welded to the pipe Two of them Act quickly! National 8949 Lots Near transportation, schools and stores. $9,450 and $10,450 Open daily 2 to 9 P.M. - MARLOW-BEECH CORP. 907 15th St. i ME. 1170 every part of the home. a sagging, cracking and falling-down process of the affects every floor and wall. home owners pay out hundreds of | dollars for floor and wall repair work | without realizing that amount of money expended on the foundation would stop the cause of | unit the continual financial drain. be given every house easily and eco- nomically. for the house, workmen excavate for | Will Save Much in Repair Money. Inadequate or decaying foundations are the most costly impairments to a house, in the opinion of contractors, for they constitute a constant drain on the pocketbook for repairs in almost Weak, crumbling foundations mean house generally which Many the same Good, permanent foundations can Using jacks as supports quet floors. little expense be turned into a rec- reational center for the entire famil. At Grant cn-de AND St. Gabviel's Church 414 Varnum $t. N.W. | Open Saturday & Sunday Within s few feet of the Circle, Bt. Gabriel's Church, bus and street car_iines. Location as well as the house is highly desirable. Six rooms. recreation room. par- hree porches. New gas heating 142-ft. lot with two shade trees rear yard: 2-car concrete garage Property in beautiful condition. A bination of choice location, desirable and good value, FISCHER & COMPANY 907 15th Bt. or Col. 7260-J. in con home ‘WOODBINE CHEVY CHASE, MD. 4 “A Community of Beautiful Homes”’ 6902 Glen This brand new home, typical of “Woodbine” is offered for the first time today. “Unus plan—you will be delighted wi bedroom suite with dressing room and private bath; lovely studio bedroom and another General Electric Equipment, Oil Heat. There is a paneled recreat [_ Ez [ 3 dale Road ual in architecture and floor ith features such as Master large bedroom and bath. ion room in basement open- ing on rock garden and terraced rear yard. Screened living porch. Large lot beautifully landscaped by John H. Small, Inc. Moderately Priced $12,500 Nine homes built and under construction—four sold—two ready for your critical inspection. Sensibly restricted ; moderately priced ; well located Drive out Conn. Ave. to Woodbine St., turn right 1 square to property. Owner M. B. SWANSON Builder Office Phone, Wisc. 3271 or Emerson 6843 IMINUICS € cOm Inspect and Inquire About Wesley Beights The Garden Spot of Washington 4343 Cathed ral Avenue The Garden of Beautiful Homes 4974 Quebec Street WESTERLEIGH On the Hills 4101 Fordham Road