Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-02-13

PAID FoR PROPERTY IN THE LAST NINETY
DAYS.
A man who is largely identified with the
present activity in suburban real estate. both
as an investor and a real estate broker. is Mr..
X. II. Goldsborough lie has been so much oc-
cupied with buying and selling as he has fire.
quently told a STAR reporter recently. tina, he
has had no time to talk except when there was
business to be done. While in a general
way the public has been kept
informed Of what going on in the north
western suburbs Of the city. vet they have not
been put in possession of all the details of the
many transactions that have taken place during
the past few weeks. Last evening Mr.. Colds
borough consented TO an interview on this sub-
lect and IN talking with a STAR reporter
he said: As YOU know. for the mast
three years 1 have made property in the
b ben.ey'oT nnro.t region speciality and
aud friends. while the property was compare
lively cheap. At that time I bought property
Tor Sl00 per acre, which is now worth $500. aud
at the other extreme have paid 800 per acre
Tor land which Is now worth S4.OO0 per acre.
The Richmond park syndicate which repre-
sent. bought three years ago l3S acres. paying
Tor them 100000. 0ue-half Of tins land and
the least valuable portion, as | believe. / re-
Gently sold 20 the Connecticut avenue syndicate
for Sl05.000'
RECENT SALES.
You have asked me for the details OF the
various transactions that have been completed
through the agency of our firm recently.
viii confne myself TO what has taken place
during the past ninety DAYS In the first place
there nave been a series of purchases of prop
| erty along the line and In the vi
cihity OF Massachusetts avenue extended
west OF the Tenleytown road These are
as follows: For Mr.. Rosenbush. his farm of a.
acres, lying on the Loughborough road at tie
junction with the Ridge road. to G. G. Glover
Tor $4,000 On the opposite side of the road
Is the Davies tract of 80 acres which has been
secured through other agents for the proposed
new Methodist university for 500. 600 ON the
same side OF the road with the latter property
). Il. Goeble has sold his tract of IS acres TO
e [. Glover for S22O00 Adjoining the
above the IL acres owned by J. e. Donohue has
been purchased by Mr.. Jas. NJ Johnston and
myself Tor $4,000 The next tract, lying i'm
mediateiy west, II acres. owned by = F. Hazel.
1 purchased for $4,000. All the properties
above named have frontage on the
Loughborough road. We have also
sold TO Georgetown syndicate
the farm of Leonard KILN on the Ridge road.
comprising "a acres, for S2l,OO0. For C. b.
Pierce to {. Heurich. 8 acres at Tenleytown for
S@o.ooO Mr.. Heurlch also purchased Is acres
owned by Ii. h. Warner on the Murdoch Mill
road for $500. We have also sold for John
w. Thompson and others the Kengla tract
lying on the west side of the Tenleytown
road south of Massachusetts avenue This
tract contains 33i4 acres and the price paid was
S95.J00 The purchasers are a syndicate COM
posed of well-known men of tins CITY. among
whom are {. Heurich, A. I. Britton s. r. Bond
john Ridout, c. J. Bell and John JOY Edison.
1t is Their intention TO spend at once
some $4,000 i'll improving this property
and placing it upon the market subdivided into
building sites. As stated above we have sold
Tor the Richmond park syndicate siNty-fve
! acres lying along Connecticut avenue extended
to the syndicate that has purchased extensively
price paid was 100000. Leaving this
vicinity and going in the direction of
the District line we reach the scene of
another extensive series of purchases We
have sold To John E. Beall my farm. known as
Belmont containing LIS acres. for 100000.
This property lies partly in Montgomery
county and partly in the District For Messrs.
Glover, Hyde and Riggs We have sold their
property, known as Somerset Heights,
formerly called Mason's farm. 1t con-
Mr.. John Z. Beall for So. 500. The farm
| owned by the Counselman heirs. containing AIS
acres, we have sold TO B. ii. Warner a. Co.,
agents, for $4,000. This farm is in Mont
gomery county. west of the Mason farm. The
same parties have purchased for others the
farm OF Jacob Wilbert on the river road con-
tanning 20 acres, for 5000. and the place of
Mr.. ID. Pyles, containing 10 acres, for u, 200.
ABOUT 100000 INVOLVED.
From an analysis of these figures" con-
tinued Mr.. Goldsborough, lit will be seen that
240 acres of land lying in the District sold for
1854, 900 or about 81 500 per acre, while III
acres IN Montgomery county. adjacent to the
District, was disposed of for s2ll, 800. which is
an average of over $500 per acre. As may be
seen, the sales made by one firm during the
past ninety days have reached total Of nearly
1000 acres. for which the large sum of about
5000, 900 has been paid. In addition we
have made sales, which not ready TO be re-
ported as et.which will add about 500, 600 to