National Republican., 1883-09-08
DISTRICT REAL ESTATE.
Not an Active Market During the Past Week,
But the Prices Remain Firm.
What the Dealers Say Of the Situation
and the Outlook,
More Sales Reported in Suburban Than in Property
Within the City Limits.
New Buildings In Process OF Erection
Activity ON capitol IIill.

Operations in local real estate for Me week
ending yesterday indicated II slight decline
in sales, but no deduction of prices or falling
Off in demands Houses in all sections Of the
city are sought for, Notwithstanding the fact
that the influx of people who buy and rent
houses has barely set in. There was gut
of money on hand, but few efforts to obtain
loans. Some good sales were made in the
northern, northeast, and in the southwest
sections of the city of real estate and houses,
and flattering results are reported of the few
operations in tho suburban sections, notably
Ivy City.
Operators all report great deal Of unfin-
ished business on hand and anticipate an
active fall season, which some believe Will
extend far into the winter Few plans are
reported for now buildings, but work pro-
grcssed rapidly on those in course OF con-
struction. The result Of interviews hold with
a number of real estate firms personally by
The REPUBLICAN reporter is to the following
effect:
The foundation of Mr.. A. J.. BGrbor's new
house. at the head of Fourteenth street north
west, has been laid. Mcssrs Barber N Go.
have been Overrun with inquiries for houses
Their sales during the week were few, though
they expect brisk fall trade, and believe
high prices will prevail for choice houses and
locations.
Mr.. Charles w. Handy had an undimin-
ishud demand for houses IN every section OF
the city His business had been more than
satisfactory all summer, and II ns good dur
ing the fall he would have plenty to do.
Thore was decline during tho past week,
but he attributed it to the change of the sea-
sons. Most Of his patrons are seeking to par
chase small houses, ranging in price from
$4,000 to $4,000 each.
Mr.. b. II. Warner was busy all the week,
but could report nothing specifically i'm
portant. His heaviest sale was one house for
$4,000. Prices still marked an upward ten
dcncy. He expects n lively fall run.
Mr.. Alonzo Mari has had n profitable week
His city business was confined to small lots,
but at Ivy City number Of choice sites were
disposed of aud others spoken for, causing
him to purchase $40 additional lots thorc IN
anticipation of e iall trade. Most of the
late purchasers were department clerks, and
many of them have already commenced build
ing Cottages, in which they will reside sum-
mer and winter.
Tyler & Rutherford have large mass of
unfinished business "On the book" The foun-
dation of their new row of houses, in the
northwestern section of the city, has been
completed and brick work will commence
to.day.
Thomas J. Fisher reported the week slow
in real estate matters but very brisk in the
matter of renting houses. The demand ioi
good houses had stitlened rents somewhat
They expect many applications to purchase
houses after the return of the public from
their summer tours.
Mr.. John A. Prescott among other mat
ters, sold five houses on Fourth street north
east, between l and X, for James Ill. SavillC
to Daniel G.. Harrison for $4,000. MIR. Pres
colt thought the fall outlook very promising
AS to houses, demands for small ones in every
part of the city were being made almos
hourly.
The most important items in the week.
business of. Messrs Parker and Townsend wa'
the sale of $4,000 feet of ground in square 80
on Fourteenth street northwest, at a ilatter
ing price. This sale strengthens the price o
real estate in that section and courts II stront
demand during the fall They also sold il
That locality two hous cs for Sll,OOQ
Fitch, Fox & Brown said that business wa
slow but satisfactory. No particularly large
transactions. Expect very active fall mar
ket.
Presbrey & Green reported lots of unfinished
business on hand, but nothing completed
during the week. Confident Of an immens,
fall trade.
Ryon & Tracy were busy all the week will
small matters. Fall outlook appeared to b.
very bright
In view of the rapid march of improve
ments eastward in this city during the pas
two years, n reporter Of THE REPuBLICA!
1au q Dflcl interview WIN NOl' james n
TAFT, one of the oldest citizens and hes
versed residents Of that portion of the cit
yesterday afternoon. The colonel said
"There are over one hundred and ten house
now in course of erection in East Washing
ton, and new contracts are still being made.
lie characterized the situation as genuin
real estate boom, and added that the secret q
Improvement, plan which has been adopte
by Baltimore and other large cities, would b
to extend street improvements in adyanC
through unimproved territory, and building
would follow just as surely as water will tio'
down hill. People do not want TO erect res
dences on unimproved lots and near fro
ponds and then live in the hope of seeln
roadway improvements follow.
What do you think OF the future Of Ani
costa or Uniontown?" asked the reporter.
81 think" he replied that AnacOstia
destined to become IA popular and well settle
suburban town. And IN my opinion, if III
proposed free bridge is erected from III
terminus of Pennsylvania avenue east (noi
the congressional cemetery TO the oppo5it
Maryland shore, those tino overlooking hil
will soon be dotted all over with plcasaI
houses and villas. Tho bridge has bee
talked Of for many years and is the tonde
dream Of many old residenters The city
Washington appears rs basin when We've
from the commanding heights oppost
which would make delightful and healtl
sites for semi-country homes If access TO IL
city is made easy"
Speaking of the sparsely settled lowlan
south of the capitol building, the colon
thought that the space there would serve
beautiiy the capitol parks and city if it cou
be constructed into an artificial lake, su
piled with water from the crystal like sprn
in the adjoining neighborhood, ON which Il
old Carroll manor is situated. This lax
surrounded by beautiful shade trees wou
become feature of Washington.
Mr.. L. NJ. Lowe, tho Capitol hill real esta
agent, said that property was rapidly advan
ing in East Washington and many sales
improved and unimproved property are Ia
ing place. A number Of houses are being So
on the instalment plan, viz: $3.50 to $500 ca
and from S2j TO t35 per month until paid (,
~. "The reason Of this advance eastward" sa
Mr.. Lowe, I" is because the price OF proper
in the northwest rates 50 high that people
moderate means cannot afford to invest there
Any number of small houses can easily
rented in East Washington, and doubtlt
next season many will be built. As an O.
dence of this, MIR. b. b. Croft has already SC
at fair prices the six brick houses (six rool
each) he erected at the corner Of North Cal
liua avenue and Tenth street southeast, a.
which have just been completed. He is NJ
preparing TO put up six more at the saI
place, of brick, six rooms, and all modern il
proyements, and they have all been sold |
fore one brick was laid.
The handsome residence of ex-Senat
Farnsworth, of Illinois, on B, near FIJI
street northeast is nearly completed. 1t
,ha Iulau Anna gtNlo with hPntvt ~