Evening star. [volume] (Washington, D.C.) 1854-1972, 1889-10-19
REAL ESTATE GOSSIP.
The Progress of improvements in the
Eastern Section Of the City.

Eastern Section OF the City.
GATED By CAPT. sYMoNs-sEw HOUSES
ERECTED IN VARIOUS PARTS OF THE CITY
OTHER MATTERS OF INTEREST.
One of the largest real estate transactions
recently made was the sale of the greater part
| OF square S55 This square lies near the en-
| trance to the grounds of Kendall Green and is
| bounded by L, NJ. 9Th and It'll streets north
east. 1t was purchased few months ago by
| Senator Cameron, Jas. Loundes and w. Pitt
| Kellogg and by them subdivided. As the
square was unusually deep two streets we're
| opened through it from east to west and the
lots were given frontage of twenty feet on all
the streets. The agents in charge of the prop
erty, Thomas J. Fisher & Co., have recently
| sold nearly all the outside lots Some of the
purchasers were as follows: Allen C. Clark,
thirteen lots on 9th street and seven lots on 7th
street; Geo. A. Jordan, seventeen lots on L
street and eleven lots on NJ street; R. H. Eden,
six lots on L street and six lots on Boundary
| street; Morgan Thomas, three lots at the cor
| ner OF 9TH and l. streets. The prices obtained
ranged from forty to fifty cents per square foot
IL Is the intention to begin the improvement of
the square by the erection Of several houses.
1here has been good deal of activity DUR
ing the past year In property in this vicinity,
and the number Of new houses already built or
In progress OF erection show that the move
ment Is substantial one. Still further east
NUMBER OF houses have been erected along the
bounds of the city, and in the case of the
trinidad property beyond the boundary lines.
All that section of the city lying north of H
street and east of North Capitol street has felt
the influence of the Improvements which have
been IN progress, and now houses are seen
fha
formed long stretches Of commons. South of
ii street to East Capitol street and beyond the
new houses are the noticeable feature. Those
interested In property in the eastern section
OF the city predict continuance of the build
ing activity. They look forward to increased
appropriations for street improvements at the
next session of Congress, and they also expect
that the additional street car facilities which
are needed Will also be authorizedby Congress.
THE PROPOSED IMPROVEMENT BONDS.
The plan OF Capt Symons. as outlined in his
annual report for the issue of three per cent
bonds to provide for such improvements as the
extension of streets and the establishment of
the ROCK creek park is quite generally dis
cussed. While the issue of bonds to meet the
expenditure for proposed improvements is not
new proposition in this city, vet it has never
perhaps before been advocated so strongly in
an ofhcial report. real estate dealer, in con-
versatlon with STAR reporter on this subject
said that the bill introduced three years ago in
the Senate by Mr.. Mahoue provided for the
issue OF three per cent bonds. This bill au-
thorized the extension of the principal streets
ana the acquisition OF the necessary land for
the Rock creek park.
AT that time" he said, lit was thought that
two million and half of dollars would be suf-
hclent to defray the expense of both of these
Undertakings Now Capt Symons estimates
that II Will take twice that amount to do the
very same thing. This only shows how the
value OF property in the vicinity of this city is
approaching in value, and it also points the
moral that any further delay will be costly
In financial circles such an issue of bonds is
looked upon as practicable, and prominent
lon, per cent bond issued under the same
guarantee as the 1865 bond would at once COM
mand premium probably as high as 10 per
cent
SUBURBAN SUBDIVISIONS.
There is another recommendation in Capt.
Symons' report which is of interest to all own
ers OF suburban subdivisions not yet recorded.
He advises legislation forbidding the recorder
OF deeds to record any deed of trust or deed of
transfer or any papers of similar import unless
satisfactory evidence is produced to show that
the iand In question is properly recorded as
decided in the Office Of the surveyor of the Dis
trlct. As Capt. Symons says, this is intended to
supplement- the law Of August q, 1888, pro-
hiblting the recording Of any subdivision unless
made IN conformity with the plan of the city.
Under the present law it is possible for the
owner OF suburban land to make any subdi-
vision they see fit and file copy with a deed
In the office o. the recorder of deeds. This
does not make the streets public streets as tbs
subdivision must first be accepted by the Dis
trict Commissioners, but it enables the owners
to give title to the lots, and in this way the
law of 1888 can be evaded
INCREASE IN THE REAL ESTATE BUSINESS.
veteran real estate deeler was talking the
other day about the number of real estate
brokers In the city. He said that he thought
there must be between three and four hundred
yentured the remark that he probably had
found that out by the falling off OF his own bust
ness.
Mot at all, said the dealer with a good
natured laugh. Twenty years ago all the real
estate business in this city was done by two or
three men. They could not begin to do it today
even II they had the chance. You see the
business has increased. There is more money
invested here in a week than there used to be
in months. There is more money to invest.
The population has increased and everything
about the city is on a larger scale than it used
TO BE- SO you see there is no reason why there
should not be an increase in the number of
real estate men. Like nearly every other bust
ness 1t Is good deal a matter of acquaintance
man has his friends and they deal with him,
although In doing so they may pass by num-
Der of brokers' Offices
ROW OF NEW HOUSES
The southwest corner of 18th and P streets
is to be improved by the erection of seven
houses. The plans are now being prepared by
Mr.. Geo. W. Cooper, architect. The houses
will be three stories in height and will be built
OF brick, with stone Easements