Evening Star Newspaper, December 12, 1936, Page 25

Real Estate NEW APARTMENTS SWELL DISTRICTS BUILDING ACTIVITY Permits at High for Late Fall in Effort to Cut Hous- ing Shortage. IDAHO AVENUE JOB TO CONTAIN 92 UNITS 41 One-Family Dwellings ‘Week’s List, Which Equals December, 1935, One. on Teatured by permits for the erec- tion of several sizable apartments, private building in the Capital dur- ing the past week hit a new high for late Fall activity. Permits for $874,290 in all classes of construction were . issued during the week by the office * of Building Inspector John W. Oeh- mann. Permits caling for construction of 9 apartments and 41 one-family dwellings were included in the week's list. The activity during the period was almost as great as that for the entire month of December last year. A permit was obtained by J. Charles Shapiro, builder, of 1508 K street for eonstruction of a $300.000 apartment et 3051 Idaho avenue. It will be three stories high and will contain 92 two and three room unts. L. T. Rouleau was named architect. Others to Be Built. Modern Construction Co., 803 Ham- {iton street, obtained a permit to build three apartments. These will *be located at 1405 Somerset place, 1404 Tuckerman street and 6320 Fo teenth street. The buildings, de- signed by George T. Santmyers, will eost approximately $90,000. The building inspector’s omce also approved a permit requested by David Ceppos, 2017 Bunker Hill road mortheast, for erection of a $35,000 spartment at 2020 Shepherd street mortheast. More important permits approved in the week are as follows: J. Charles Shapiro, Inc, 1508 K street, owner and builder; L. T. Rou- leau, architect; to erect one 3-story{ brick apartment, 3051 Idaho avenue; to cost $300,000. Modern Construction Co., 803 Ham- diton street, dwners and builders; | George T. Santmyers, architect; to| erect three 3-story brick apartments, 1405 Somerset place, 1404 Tuckerman street and 6320 Fourteenth street; to eost $90,000. * David Ceppos, 2017 Bunker Hill road northeast, owner; Sam Novak, designer; Lenkin Construction Co., Barrister Building, builders; to erect one 2-story brick and cinder block apartment, 2020 Shepherd street northeast; to cost $35,000. Kass Realty Co, Inc, Southern Building, owners and builders; James F. Hogan, architect; to erect three 1-story brick stores, 5922-26 Georgia avenue; to cost $40,000. Evelyn E. Smith, 733 Twelfth street, owner; George T. Santmyers, archi- tect; Smith & Marshall, builders; to erect three 2-story brick apartments, 4333 and 4335 Wisconsin avenue, and | 3912 and 3916 Yuma street; to cost 632,000, Moss Realty Co., Tower Building, owners and builders; George T. Sant- myers, architect; to erect five 2-story brick dwellings, 3710-3718 Manor place; to cost $28,000. Lester J. Todd, 1643 U street south- east, owner, designer and builder; to erect four 2-story brick dwellings, 2114, 2116, 2118, 2120 Sixteenth street southeast; to cost $20,000. Kass Realty Co., Inc, Southern Building, owners and builders; James ¥. Hogan, architect; to erect one 1-story brick store, 5928 Georgia ave- nue; to cost $12,000. Charles Sturbitts, 5325 Chevy Chase rkway, owner and builder; Dillon & he Foening Star WASHINGTON, D. C, SATURDAY, DECEMBER 12, 1936. of William M. Throckmorton. mund P. Ellis from F. Eliot Middleton, builder. $700,000,000 5 PUT ONF. H. A BOOKS New Business During 1936 Revealed in Report by McDonald. The Federal Housing Administra= tion will close the year with approxi- mately $700,000,000 in new business on its books for 1936, according to figures made public today by Ad- ministrator Stewart McDonald. This represents an increase in total business of about 70 per cent over 1935, due entirely to mutual mort- gage insurance, the permanent part of the program. The volume of mort- gage insurance in 1936 will be more than two and one-half times that of 1935. Since it began operations in 1934, the Federal Housing Administratoin had transacted a total volume of business of $1,125,839,240 up to De- cember 1, 1936. This includes home mortgages accepted for insurance, modernization and repair notes in- sured and commitments on large-scale housing projects. This includes home mortgages in process, amounting to $70,411,046, and large-scale housing projects examined but not accepted for insurance. In addition, it is estimated that the program of the Federal Housing Ad- ministration has generated over $2,- 000,000,000 worth of modernization and repair work, which does not show in its own records. Careful checkups have disclosed that for every dollar of repair work insured by the Fed- eral Housing Administration approxi- mately $4¢ have been spent on jobs paid for"in cash or by other financing methods. Work Is Created. The entire program of the Fed- eral Housing Administration, it is es- timated, has created the equivalent of one year’s work for 2,000,000 men., The Federal Housing Administration (See PERMITS, Page C-1.) A Lovely New Detached Brick 3109 Tennyson St. N.W. (Chevy Chase, D. C.) $12,950 Unusually spacious and the floor plan appeals because of the large rooms with plenty of wall and closet space. First Floor: Living room with fireplace, dining room, ultra- modern kitchen. Second Floor: Three large bed rooms, 2 full baths. Third Floor: Full attic with 4” rock wool insu- tor, 2-car brick garage, paneled recrea- tion room with firepla ey HEALTH HOME 1..":’;13‘-""'-‘. (Ses F. H. A, Page C-2) Notice to Builders and Owners November, 1936, produced the largest volume of sales of resi- dential properties that we have ever experienced in the history of our organization. Our sales have gone far beyond our expectation for Fall and early Winter business. We are therefore in & position to take over coverage and sales, in Northwest section and su- burbs, of houses that meet our requirements as to construction and value. Please Write or Call J. Wesley Buchanan, INC. Realtors 916 15th St. N.W. In llomelaml *10,250 Furnished by Hutchison’s, Ine, Draperies b; Ligon EXHIBIT HOME 4526 Brandywine St. N.W. The location is without com- mm—onmhhmvdm DL Owners, Architects, Builders 1404 K St. N.W. District 9080 $1,000 Hero Reward To Daniel Terrell Goes to New Home Daniel S. Terrell, Washington advertising man, who early this year was awarded the Carnegie Medal and a thousand dollars for heroism in saving a young diplo- mat and his wife from drowning, has invested the money in a home to be built for him at Western avenue and Bayard boulevard, in Montgomery County, Md.,, it was announced today. Ground-breaking ceremonies were held at the location Thurs- day. Participating in the cere- monies with Terrell were Hubert Kleinpeter, jr., president of the firm which will build the home; Robert Hagner, Montgomery County commissioner; J. Reilly Stanton, District F. H. A. di- rector, and Paul Ryan, also of F. H. A. The house will be financed through the Federal Housing Administration mort- gage insurance plan. Terrell won the Carnegie award for saving the lives of Senor Enrique de Lozada and Senora de Lozada at Bethany Beach, Del,, August 4, 1934. The money was given to be used specifically as partial payment on & home. Fort Belvedere Two Stories. Fort Belvedere, Edward VIII's favorite country place, is only two stories high. The rooms run out like spokes of a wheel from the round, centra] entrance hall. In the study, drawing room and dining room, the carpets are of beige to match the buff sandstone walls of the original fort. The furniture is of old English oak and the huge fireplaces burn logs. In two of the guest rooms, pale-blue chintz pi as a decorative medium. 4 SOLD! New Homes Facing Fort Slocum Park 5802 3rd St. N.W, Opento 9 P.M. - lll inltfl e Illllltl'l "9 = . 'fllnlcorodlllll Crafiexed walls . H:nnn Tower Bldg. NAt. 2030 with This dwelling, located at 4534 Middleton lane, Bethesda, Md., has been purchased by Ed- The transaction was made through the office —Star Staff Photos. Building News New Homes in District and Nearby Maryland Included in Recent Realty Deals New home at 6019 Utah avenue which has been purchased by Capt. and Mrs. Ira C. Keck from W. G. Irvin, through the office of Phillips & Canby, realtors. Capt. Keck is with the Met- ropolitan Police Department. New York as “Laboratory’ Of Construction Planned B the Associated Press. NEW YORK, December 12.—Con- ferences extending over a period of months among builders, mortgage lenders, real estate interests and oth- ers in the fleld to make New York a “laboratory” for better and safer con- struction were revealed today by, '“APPRAISAL METHODS” Builders’ Forum. The publication is issued by the Certified Building Registry of the United States, a nonprofit organiza- tion seeking better building standards through co-operation of the various interests connected with construction. ‘The magazine reported 60 mortgage lending institutions—including savings banks, trust companies and insurance companies—representing $10,000,000,- 000 of capital had voted unanimously to withhold mortgage money unless certain minimum specifications were agreed to, and had appointed s com- mittee to co-operate with existing real estate and building organizations to set standards. A central co-ordinating body, to be known as a “vigilance committee,” has been set up, with Ford H. Dow, build- ing trades editor, as its head. Sub- committees of architects, engineers, financiers, real estate interests, manu- facturers and labor will co-operate. Some proposed undrtakings to be tried out in the giant “laboratory” in- clude: A mortgage lending clearing house, to furnish information at lower cost than conuld be done individually on matters affecting loans; Classification of structures during their construction by independent A Romablo Value at $7,450 | This attractive brick Colonial home, reconditioned like new throughout, in thet delightful section of Petworth, only two squares from Shoreham Circle. Cen be easily arranged for 2 families. 5003 7th St. N.W. Inspect it and you will see the wonderful investment velue. | 6 large rooms, tile bath, in- closed sleeping and breckfast porches, covered front porch, new Oxford cabinets in kitchen, |if gerage. EASY TERMS Open Daily and Sunday to 8 P.M. s. CAFRITZ s 312 Gallatin St. N.W. Remarkable because it is unusual and extraor- dinary in width—25 feet wide. Rooms excep- tionally large, with more sunlight and ventila- tion. 3 bed rooms, two baths, recreation room. Bryant de luxe automatic burner, brick detached garage. Protected neighborhood, convenient to everything. Go out Kansas Avenue to Gallatin Street, turn right to Aomes. Wm. H. Saunders Co., Inc. ‘Realtors 1519 K St. N.W. Dls: 1015 authorities, charging fees to be paid by those securing mortgage loans; A co-operative survey board to de- termine as far as possible what, where and when to build, to be paid for by real estate investors desiring the serv- ice. IS TOPIC FOR CLASS J. A. Herbert, Jr., to Explain Ele- ments Determining Value of Property. Joseph A. Herbert, jr., the “pro- fessor” in the special real estate course sponsored by Southeastern University and the Washington Real Estate Board, will lecture his class Monday night on “Appraisal Methods.” Herbert, a practicing Washington realtor and & member of the Ameri- can Institute of Real Estate Apprais- ers, will explain the importance of accurate knowledge of real estate values. He will describe the forces that determine property value and the consideration that should be given in appraising to depreciation and ob- solescence. It will be the final lecture of the year, as the school will recess until early in January. $8,250 Greatly Reduced Thoroughly Reconditioned 1218 Gallatin St. N.W. Saul’'s Addition Detached A bargain buy in an ex- cellent location. Six very spacious rooms, unusual stone fireplace, large lot, 2-car garage. Seldom is there an opportunity to purchase a home at this price in this location. Open 2 to 6 P.M. Sunday Frank S. Phillips 927 15th St. Di. 1411 REALTORS TOHOLD CHRISTMAS PARTY Annual Event Scheduled De- cember 22 in Mayflower Ball Room. The annual realtors’ Christmas party will be held Tuesday, December 22, in the ball room of the Mayflower Hotel, it was announced today by Comdr. F. L. Sandoz, president of the Washington Real Estate Board. Morris Cafritz, chairman of the| board's Program Committee, said he is planning the largest Yule social affair ever held by the realtor or- ganization. Advance reservations are heavy, and it is probable that the attendance will be larger than last year, when the huge ball room was | nearly filled. | Included in the program for the party, Cafrits said, will be music, special entertainment, presentation of a large number of door prizes and several “surprises,” the nature of which he refused to divuige. Speeches and business will be | NEW::...HOMES 19 SOLD 11 BEING BUILT 5,950 6 rooms, tile bath with shower, automatic gas heat, Electrolux refrig- erator, fully weather- stripped and insulated, full cellar, 100% mod- erm. 10% CASH $50 MONTHLY which includes real estate taxes. B'y Now—Prices Will Be Higher Next Spring 1722 Lang Pl N.E. 1 Block East of Bladensburs Rd. at L St. Open Daily and Sunday Outstanding is the word for this perfectly appointed home * 4501 DEXTER ROAD N.W, * . OUTSTANDING in design—in size ond arrangement of rooms (4 bed rooms, 2 baths)—in details of con- struction—and in location. May be purchased on convenient terms. Electric Kitchen Health Home To reschk Woestwood—Drive out Mass. Ave to Cathedral Ave., turn left to @ALD Bt., gouth 3 blocks to Dexter Reads L. E. BREUNINGER & SONS 1720 X OTREET NAIONAL Soie banned for the occasion, the chair- man emphasized. Assisting Cafritz in arranging the affair are the fol- lowing members of the board: Mor- gan Callahan, Samuel 8. Spruce, Arnold D. Crumbaugh, J. Lee Don- nelly, Harvey L. Jones, Frank J. Luchs, John F. Maury, Fred A. Smith and John C. Weedon, jr. Paint Bnuh Needs Careful Use. It is unwise to use a paint or var- nish brush as a duster. of dust will often cling to the hairs in the brush and come out when the | brush is used for painting. Dust or | lint should be removed with a damp cloth. If the dust is left on the sur- face the particles will always show up greatly enlarged in the final fin- ish coat of paint. MRS. MAYO REAL ESTATE SPECIALISTS IN GEORGETOWN PROPERTY HOUSES FOR RENT, SALE AND REMODELING ALSO OTHER DESIRABLE NORTHWEST PROPERTIES OFFICE 3210 P Street N.W. Phone West 3166 List your property with us for sale or rent. Just Complete The particles | PAGE C—1 MORTGAGE LOANS ARE INCREASED BY ASSOGIATIONS Decrease in Percentage of Realty Owned Also Is Revealed. INSTITUTIONS ARE SEEN " | IN PARADE OF RECOVERY, | League Finds Small Savers Are Main Source of Capital for Financing. A rise in the percentage of mortgage loans in relation to total resources, and a corresponding decrease in the percentage of real estate owned, is shown in the consolidated balance sheets of several hundred representa= tive savings and loan associations on November 1 as compared with the cor- responding time last year. Officials of the United States Build- ing and Loan League cited these de- velopments as indications that the thrift and home financing institutions have joined the recovery parade, Realty Holdings Drop. | Sixty-seven per cent of association resources today are in mortgages loans according to this representative group of balance sheets, as compared with 65 per cent a year ago. Conversely, the percentage of real estate owned has decreased from 19 to 17 per cent, while reserves allocated to this latter item have been steadily mounting. The up-turn in mortgage loans dur- ing the year has gained back more than half the ground lost in 1935 when deflation was still in process in real estate lending, and thus a firm footing | for the upward movement seems to be established. 'l‘he turning pomt as hr as the Only 1 Left New 6-Room Du-Brick Bungalows *6.150 5001 Westway Circle Furnished by Hutchison, Inc. Drapes by Ligon oomy. com- fortasie home ms. iriéa Bath floored attic for 2 additional rooms landscaped " lot. Only 2 o mese ,fine homes to choose 1420 K St. NW. DL 1311 d Spacious Corner Home No. 1 Worthington Drive Corner Western Ave. and Worthington Drive Four very large bedrooms, 2 handsome tile baths and showers, spacious step-down living room with large, open fireplace, dining room with plenty of wall space, pantry and kitchen, finished attic, 2-car built- in garage, Iav_atqry on first floor, extra large closets; concealed radiation, thoroughly insulated, furred walls, copper flashings, downspouts and gutterings, roof. Automatic heat and slate refrigeration. Highest ele- vation, overlooking city and Virginia. Terms Directions—Drive moreland _Circle. and Price Reasonable out Massachusetts Ave. to West- turn right on Western Ave. I dlock to our sign. Open Daily and Sunday A. S. GARDINER 1510 K St. N.W. evy Chase, D. C. COLONIAL CENTER-HALL BRICK ok 6014 Broad Branch Rd. N.W. Built by F. Du Bose Phillips This charming 7-room home is ideally situated in one of Washington's finest residential sections; near Conn. Ave., churches and schools. Its moderate price will surprise you. 3 Bedrooms, 2 baths Lavatory, first floor and’ basement Paneled recreation room with fireplace Large finished attic Large living room mbfi fiupleu Open THIS 1S AN Heated [{IeGIEIIGI Lighted HEALTH NOME LESLIE D. MEASELL @ Automatic Oil Heot Fully insulated with rock wool Copper gutters, Buckingham slate roof Detached brick garoge Lot 54x125 A CLEV. 3465