Evening Star Newspaper, September 28, 1935, Page 19

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REAL ESTATE. REALTORS T0 HEAR OF PURDUE STUDY Home Building’ Experiment Will Be Discussed at Convention. (Continued From First Page.) —_— be given laboratory tests and—unique in scientific research in this highly human problem—the long-term prac- tical test of actual family living, in- side their four walls. The study will be on better homes In the $5,000 and under group. It is expected to build gradually a con- siderable community which can be used to illustrate—and study—various types of land lay-out, including street lay-out and relation of house to lot, all this under actual living conditions. Frank Watson to Speak. Frank Watson, administrative di- rector of the Purdue housing research project, will outline its plan of pro- cedure, in forming which leading land developers of the country are now being consulted, and in preparation for which a widely representative con- ference of housing interests was held June 1. He will speak at general ses- sions of the convention. Business headliners added to the convention program during the cur- rent week include the following: J. Willlam Markheim, president of the Camden County, N. J., Real Es- tate Board and president of one of the largest real estate offices in the State, will address the Institute of Real Estate Management on the eve- ning of October 24 on “How Manage- ment Affects Value.” Markheim is commissioner of aero- nautics in New Jersey. A round-table discussion will follow his talk. Thomas Shallcross, jr., Philadel- phia, past president of the National Association of Real Estate Boards and of the Philadelphia Real Estate Board, head of an organization which has taken for its special function the serv- icing of mortgages, will address the new National Mortgage Board of the association at its initial convention meeting, Thursday afternoon, October 24, on “Ways to Adjust the Mortgage Business to Changing Conditions.” Mr. Shallcross will speak from 36 years of experience as a real estate broker. Free discussion will follow. Former H. O. L. C. Man to Speak. Philip W. Kniskern, Philadelphia, who, as appraisal adviser for the en- tire work of H. O. L. C. until recent months, had a central part in the standardization® of residential apprai- sal made necessary for the operation of that agency, will address the new National Mortgage Board on “Things Not to Do, as Experience of the Past Ten Years Has Taught Us.” Kniskern, now vice president of Clarke & Kniskern, Philadelphia, is past president of the American Insti- tute of Real Estate Appraisers, having headed the first two years of its work. He served earlier as chairman of the national association’s mortgage and finance division and is the author of “Real Estate Appraisal and Valuation,” published in 1933, which deals in de- tail with the relation between mort- gage practices and real estate valua- tion. He is a former president of the National Reserve Corp. of New York, until 1927 was vice president of the National Surety Co. of New York City and later was president and director of the Property Ownership Corp., New York City. Frederick M. Babcock, chief of the appraisal work of F. H. A, who as such has been largely responsible for the detailed F. H. A. Underwriting Manual, will address the American Institute of Real Estate Appraisers on this manual, the official guide for all commitments for Federal mortgage insurance. The manual’s 615 sections constitute the first attempt to weigh the risk factors for home mortgages in a standardized way. They take account of (1) the underlying prop- erty itself, (2) the neighborhood, (3) the fitness of the improvement to the | neighborhood, (4) the borrower, and | (5) the pattern of the mortgage in- | strument. % Babcock Also an Author. Risk rating was pointed out by the National Association of Real Estate Boards as important for accurately determining spread of interest rates and so eventually making possible a minimum rate. The F. H. A. manual 1s recognized as constituting one of the most important fundamental steps yet taken in the finding of sound appraisal procedure with reference to mortgage loans. Babcock is the author of “Appraisal of Real Estate,” published in 1924, the first comprehensive work on American real estate appraisal theory ever pub- lished (one of a series of real estate texts written and published under the auspices of the National Association of Real Estate Boards). thor of a notable recent volume, “Real Estate Valuation.” He will speak Thursday afternoon, October 24. Alfred H. Wagg, Palm Beach, Fla., vice president of the National Asso- ciation of Real Estate Boards for the Southeast region, will address the bro- kers’ division Thursday, October 24, on | | modern sales methods. He will speak also before the land developers and home builders’ division the same aft- ernoon on “Putting Life Into Dead Subdivisions.” Dayton Keith, Chicago, head of the Dayton Keith Management Service, will talk to the Institute of Real Es- tate Management Thursday afternoon, October 24, on “What Does a Complete ‘Management Service Include?” Mr. Keith for seven years was vice presi- dent of the Chicago Trust Co., in :‘l:l;ze of the moyrtgage banking divi- He is the au- ENGLISH HOMES FOXALL "Delightfully cool, adjoining and over- Jooking Foundry Park, 6 and 8 rooms with one and two baths, double &rnncd porches, open fireplace, electric gefrigeration, built-in garage. ' Permanently protected by parks and re- #trictions . . . unusually desirable neigh-, bors . . . convenient to downtown . «, sgxcellent schools. Visit our Model Home . . . drive out Que Street to Wisconsin Avenue, north one block to Reservoir Road, west to #4th Street and turn left to H 1541 44TH STREET 8 _ | WAVERLY TAYLOR. e H 1522 K STREET NAT'L 1040 THE EVENING STAR, WASHINGTON, D. C, View of a Suburban Garden This attractive house and garden scene was taken at the home of Mr. and Mrs. Minor Jameson, 13 Ox= ford street, Chevy Chase, Md. The garden of the Jameson home is one of the most beautiful in the section. New Lawns Can Be Started Best at This Time of Year Attention of home owners is called at this time of the year to the possi- bilities for starting a new'lawn or im- proving the quality and growth of an old one, according to Walter R. Bal- lard, horticulturist for the University of Maryland Extension Service. With the coming of Fall rains, he points out, lawn grasses resume active smwth., and for this reason home owners should avail themselves of the oppor- | tunity to reseed or thicken up the sod of an old lawn through eppropriate feeding. Lawns may be fed by means of chemical or organic fertilizers, ac- cording to Mr. Ballard. Chemical fer- tilizers, such as sulfate of ammonia or nitrate of soda, may be applied as a top dressing at the rate of 2 or 3 | pounds of fertilizer for every 1,000 square feet of lawn. Danger of burn- ing the lawn can be obviated by mix- ing the fertilizer with three to four times the quantity of compost, sand or gravel. Well-rotted manure may 4819 NORTH LANE IN EDGEMOOR Cape Cod Colonial $7,950 Brand-New Brick, Slate Roof 6_rooms. bath. first-floor lavatory: 75x100-foot 1ot garage: excellent - construction: ideal location: out- standing home valte in entire sec- tion. Built by Stmpson-Peak Co. To Reach—Wis. Ave. to Montgomery Lane (first street south of theatre), Lejt 1'; Blocks to West Lane, Right to House. FLOYD E. DAVIS CO. REALTORS, Nat. 0352 733 12th N.W. also be used if the weed seeds have been killed by composting. ‘Those preferting organic !ertulm-s‘ should use a mixture of equal parts | of bone meal and pulverized sheep manure at the rate of 10 to 15 pounds of fertilizer to every 1,000 square feet of lawn. In starting a new lawn it should be remembered that good grass, like most | other crops, is produced on good soils. For this reason any land that is. to be —Underwood & Underwood Photo. seeding begins, and the phosphates should be thoroughly mixed with the In addition to Kentucky blue grass it is often wise to add red top and red fescue to the mixture, it is stated by Mr. Ballard. In addition, white clover and other grasses may be in- cluded. The seed mixture should be applied at the rate of 3 to 5 pounds to each 1,000 square feet of lawn. How to Make Varnish. To make varnish quantities of natural or synthetic resins are put into a kettle with an oil, such as linseed or tung. The mixture planted in grass should be liberally supplied with phosphates before the “BEST BUILT” Homes in the City We Believe EXHIBIT HOME Corner Tennyson St. and 31st PL 6161 31st PL N.W. 2 Sold—2 Left REALTOR Investment Bldg. District 6088 heated, cooled and a volatile thinner added. BOWLING-GARDNER ' BUILT OUTSTANDING VALUES!! Open Daily and Sunday to ® P.M. TO REACH HOLC. REFUNDIN HITS §2.761.9395% Recovery of Private Fin~>- ing Likely to Lift Bur. From Agency. Scarcely two years after its Nation- wide organization first began function- ing and its first loans were closed for the relief of home mortgage distress, the Home Owners’ Loan Corp. today reports that up to September 12 it had refunded mortgages on 914,449 urban homes, located in every State and in Hawaili, Puerto Rico and Alaska. The total dollar volume of the mortgages assumed amounts to $2,761,999,509, secured by properties valued at.about $4,026,000,000. Borrowers were given 15-year loans, payable monthly in small installments and bearing interest at only 5 per cent. Applications for loans, numbering 1,885,332, were received by the cor~ poration. A large proportion of these proved ineligible under the law, which confines assistance to small home owners genuiriely unable to repay their original mortgage obligations, unable to obtain refinancing elsewhere and thus faced with loss of their homes by foreclosure. Approximately 220,- 000 applications are still pending with the corporation, many of which may be ineligible, while others may be re- financed privately, in view of recent improvement in home finance. The declining number of new re- quests for loans, during the recent 30-day period when Congress per- mitted the filing of additional appli- cations, indicates that the bulk of all necessitous cases has been taken care of. For the last year there has been & progressive revival of lending by banks, building and loan associa- tions, life insurance companies and other private interests. Mortgage money is again becoming plentiful and at reasonable rates. These factors in- dicate that the emergency task of the corporation has now been practieally completed and that it may now con- centrate attention on the servicing of | the loans which it has aiready made. —_— | Wall Absorbent. | Moisture-absorption is said to be cut to a minimum in a new wallboard which needs no primer and but a! single -paint coat. Used with special mouldings and ornaments, paneled | ceilings without visible cracks or joints | can be built. 1 is | J QUi ST EVY CH FH CIRCEE e CONN. AVE. In 16th St. 1715 To Inspect: Drive out 16th St. Walter Reed to and- turn left to 729 15th St. N.W. bevond Holly _ St. house. Designed by Dillon and Abel Built by L. E. F. Prince £ Heights—Facing -Rock Holly Open L. T. GRAVATTE Street N.W. Not just a house, but a home of real charm and distinction, something fine and truly lovely. The first floor has large living and dining rooms, kitchen, library and lavatory. The second floor has four full bedrooms, two baths, and there is a finished attic, and also a 2-car garage. -Roof insulated and all outside walls furred and _insulated. Built as well as building can be done. 1 Price, $17,500 A Superlatively Fine Home Cree atk' Today, Sunday and .A.Iflemoom National 0753 3601 Forty-Ninth Street a home true corporated , What an intriguing com- bination! ¢ ¢ e A pic- turesque natural setting other community @ o o lish motif in design @ @ ® into which have been in- Handsomely furnisl SATURDAY, SEPTEMBER 28, 1935. MANY CIRCUITS BEST Rewiring Problems Reduced if Care Is Taken. A sufficient number of circuits is the utmost importance in the wiring rewiring of a house. Adequate circuits mean safety and & minimum of trouble. Future addi- tions of electrical outlets are easily taken care of if the architect or con- tractor is careful to provide enough of or REAL ESTATE. circuits in the original structure. It will pay to make all convenience outlets duplex outlets unless they are designed to serve only one particular purpose. For economy and safety, convenience outlets should not be placed on the same circuits with out- lets for general illumination. New York Colleges. New York State has more than 150 colleges, universities, professional and | technical schools. " A Community Built With a Purpose TO perpetuate a type of architecture so near perfection that the process of years has but enriched its loveliness and livableness. To erect a settlement entirely Colonial—where homes breathe the romance of Early America. To con- struct every community detail in accordance with Colonial precedent. To extend this Early Ameri- can settlement into the heart of Rock Creek Park — surrounding it th the wooded beauty appropriate to its tra- onal charm. To afford the citizens of the Nation’s Capital and its visitors a composite pic- ture of the charm and beauty of the best of Early America—this is -{ @olonia the purpose of Wi Of Rock Creek Park Estates Dedicated enti Colonial hom ly to th nd othe; e reproduction of historic rs true in character to the period of the Original Thirteen Colonies. Entrance, north end of Beach Drive thru the Park or 16th Street, west at Kalmia Road THE COLONIAL VILLAGE, INC. EDSCN W. BRIGGS, President OFFICE: 1603 KALMIA ROAD N.W. PHONE GE. Spring Valley other ho to its Eng- Miller-bui Miller co distinctive Fordham Road just beyond. d in cons: 9806—GE. 9626 A Section of Wesley Heights and original features no m e possesses e o o and back of it a]l the superlative quality of It and the pro- tecting security of the ntrol of this beautiful community. Open Every Day and Evening Drive out Massachusetts Ave., turn leit at Nebraska Ave. or ent detail by the Big¢gs Antique Co., 1217 Connecticut Avenue; draperies from the .welley Heights Shops; Oriental rugs by Neshan G. Hintilan, 1347 Connecticut Avenue. You get really more than the price comprehends when you invest in a Miller-built home in a Miller-controlled community. On the way to, or from, the Silver Star Home, stop at the Model Home in Westerleigh—4219 Forty-ninth Street. * Another example of Miller-built, in another section of Wesley Heights. UTAH AVE.N.W. Just above Rittenhouse Street in beautiful Chevy Chase, D. C. A really fine home, beautifully built. General Electric furnace. Worthy of your careful inspec- 512,500 J. Wesley Buchanan, Inc. 916 15th St. Met. 1143 5704 32nd St. NW.| Chevy Chase, D. C. Colonial brick, slate roof. 6 rooms, 2 baths, recreation room, finished attic; oil heat, screened living porch, de- tached garage. Large Shade Trees $11,250 J. Wesley Buchanan, Inc. 916 15th St. Met. 1143 *12,750 Well located in Chevy Chase, D. C., near bus line near school and store—lovely, abso- lutely modern brick home with an enormous tree in the front yard. Space does not permit an_ adequate descrip- tion, but it really is worthy of your careful inspection. 2} 916 15th St. i MELt. 1143 14613 Rosedale Ave. BETHESDA, MD. | All brick, slate roof, large | | rooms, fireplace in living room. Modern in every way. *6,950 Small cash and monthly payments less than rent. Drive past Bank of Bethesda_ for about 4 blocks to Rosedale St.o— turn right to property. ™ HEATH HOME J. Wesley Buchanan, Inc. | 916 15th St. MEt. 1143 5450 33d St. N.W. Large lot, beautifully shaded with large trees. Just sabove Military Road—Con- venient to mew Chevy C and school—this attractive is & real find. 5 room: . sun _parlor, electrio refrigerator, new gas range. $7,950 3031 Rodman St. N.W. One-Half Square West of Connecticut Avenue Completely renovized semi-. brick: built-in 6419 31st St. N.W. Chevy Chase, D. C. 6 rooms, 2 baths, Colonial bricks this home Ty large lot with You'll like the larse living porch, $10,500 North of Rittenhouse St. East of Utah Avenue in a community of new homes. Responsible Purchaser May Acquire One of These Homes on Easy Terms. J. Wesley Buchanan Ine. 916 15th Street Metropolitan 1143

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