Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-05-10
REAL ESTATE GOSSIP.
The Sale of Hi2h-Priced Residence
Property in the Last Few Days.
ACRES OF LAND IN THE SUBURBS sUBDIvIDED
INTO CITY LoTs-THE EFFECT on VALUES
SOMETIMES OF SALE OF PRoPERTY-oTHER
MATTERS OF INTEREST.


One of the notable events OF the week in the
real estate market was the sale OF the property
in Farrsgut square owned by Secretary Tracy
The fre-blac kened walls of the house are still
standing, but owing to the condition of the
ruins the present building will be removed and
an entirely new structure erected on the site
by the purchaser, Capt. Tyler. In the sale
the property was regarded az vacant ground
and on that basis the price paid was nearly 81
per square foot, which is considered to be
good figure for residence property. The lot
has frontage of As feet and depth of 100,
with few feet off in the rear corner Of the
lot
Another large sale of residence property in
the same vicinity that OF the vacant lot at
the southeast corner of 10th and streets For
this property $50, 900 i'll cash was paid. 1t has
frontage of IS feet on 10th and 100 feet on
street, with back ground containing 1.402 square
feet. The price paid per square foot was $3.50.
The new owner, Mr. Robert J. c. Walker, will
probably erect handsome residence there.
UNITED SERVICE CLUB HOUSE.
Plans are being prepared by Mr. Harvey l..
Page for the club house which the United Serv-
Ice Club propose to erect at the southeast cor
ner of Connecticut avenue and 1 street. The
lot Is 90 by l23 feet, and it is the intention to
have the new building occupy the entire lot.
1t will be built of brick and stone and will be a
handsome addition to the many fine specimens
OF architecture which already adorn that To-
cality.
SUBURBAN SUBDIVISIONS.
The work on two large subdivisions Of land
on the Tenleytown road is now in progress.
Streets are being laid out in the Kengla prop
erty and good deal of grading Is being done.
A syndicate now controls the property and it
IL the intention not only to open streets but to
put IN a system of sewerage and water sup
ply, lay sidewalks and to some extent pave
the streets with asphalt. Oak View, the former
residence of eX-President Cleveland, Is also
being subdivided. The streets will be con-
limitations of those in Cleveland Heights
which adjOi it on the east. 1t is stated that
the owners of this property intend to make
handsome subdivision. Mr.. Newlands, one
of the owners, will occupy the residence
which will be in the center OF one of the squares
i'll the new subdivisions and Will have about an
acre OF ground about 1t. On the opposite side
OF the Ienleytown road there Is a tract of land
of IL acres lying between the sub
divisions of Tunlaw and Fairview Heights.
1t is the property Of Mr.. John W. Thompson,
and Mr.. Hermann X. Vlele. the civil
engineer, is now engaged in making the
surveys Tor subdivision The city streets
will be laid out in this subdivision as is the case
now with all the subdivisions of land within
the bounds of the District. MIR. Vieie has also
begun the surveys for the subdivision of
tract of 80 acres owned by Maj. Geo. A. Armes.
1t lies on the Tenleytown road, just south of
the Grant road, and it will he known as
Arm leigh Heights.
portion of the grounds about Edge
wood, the residence of Mrs. kaIe Chase
Sprague, is being subdivided. 1t is a
tract OF land containing II acres and ex-
tends from Lincoln avenue to the lexington
electric road. A large subdivision containing
several hundred acres and owned by Mr.. b. Ii.
Warner Is beng made at Knowles station on
the Metropolitan Branch of the Baltimore and
Ohio road. This will De an addition to the
number of settlements which have sprung up
along THIS road during the past few years, AMI
which now form almost a continuous line of
fourlshlng towns and villages from the city to
Rockville and beyond.
The increase in the number of new sub
divisions along the Washington Branch of
the Baltimore and Ohio road is one of the
noticeable features OF the real estate market.
From the city to Hyattsville and beyond,
nearly the entire distance to Laurel there is a
constant succession of subdivisions which have
the promise of future settlements. More in
terest Is being manifested IN suburban prop
erty along this line of railroad than ever be-
FORE number of new subdivisions have
been placed on the market and those inter-
ested IN the property are actively bringing the
advantages OF TINS section as place Of resi-
uence 10 the attention OF the public.
PECULIAR REAL ESTATE OPERATIONS.
an owner of property is the effect which sale
of his property sometimes has upon its market
value. He may have been vainly attempting
for months to secure purchaser. He has ad-
vertised it literally and even offered it at a re-
duced figure. Finally. after a prolonged eff
fort, he succeeds in persuading some one to buy
1t and the transfer Is made, perhaps. with
great hesitation on the part of the purchaser
| No sooner is 1t known that the property is sold
| than a cloud OF would-be purchasers arises and
| seem to fairly swarm about the astonished owner
| OF the recently acquired property. He receives
| offers which are several thousand dollars IN
| advance of the price paid, and if he accepts
! the new owner is at once approached with ad-
vanced offers. 1t sometimes happens that a
| piece OF property in the course OF a few weeks
ID in this way sold several times, each sale
showing an increase in price over the previous
sale. 4 notable instance of this kind is lust
now causing considerable talk in real estate
circles. piece of property that had been on
the market time was finally sold at
figure less than was asked when it was first
placed the market. Within short time
after the sale was announced the property was
again sold at an advance. The present owners
who. however, have made a permanent invest
| ment, have received several offers for the prop
| erty. Tie total advance over the amount of
| the first sale during the few weeks that have
| ensued is about $4,000. Why the property
| should be regarded as having increased in
value 10 that extent Is q cOnundrum which real
| estate operators don't pretend to answer.
| They only know that such cases frequently &C.
| cur. This tendency Is sometimes utilized or
| an attempt is made to utilize it by a nominal
| SALE which has the appearance of real SALE
| There Is another singular phase about real
estate transactions which Is often manifested
| at auction sales of real estate. 1t is a common
| experience to the purchaser on such occasions
| to be offered at the close of the sale liberal
! advance on the price which he has Just paid
| This is especially the case when the purchaser
! has the reputation Of being a successful real
estate operator.
MRS. wHARToN's RESIDENCE.
A residence is being built for Mrs. Francis
Wharton on the west side Of Connecticut ave-
nue. between K and streets. The front will be
built Of brick and stone and the design, as pre-
pared by Mr. Harvey L. Page, architect, is an
attractive one. 1t will be an English basement
house. and the halls and stairways will be
finished In oak. The interior arrangement is
convenient and the house, while not large, will
be very handsomely finished.
NEAR WASHINGTON HEIGHTS.
Mr.. s. S. Shedd has sold his country place on
Woodley road to Mr.. Waggaman. The prop
erty overiooks Washington Heights and is on
this side of Rock creek. 1t adjoins on the east
a subdivision of land which is now being made
by Mr.. Waggaman and it will be made part Of
that subdivision. The house, which is a large,
handsome villa, is to be removed to another
location, and a street will be opened up through
the center OF the property from Woodey road.