Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-06-01
ERRY-s,
SOME WONDERFUL CoMp,R1soss.

DOME WONDERFUL COMPARISONS.
The great topic Of interest in Washington is real
estate 1t is the foundation Of all values and has made
fortunes for those who had the foresight to take ad
vantage of the opportunities it offered The proverh
History repeats ITSELF" has been proved so com
petey that it is accepted truism With reference
to this city it has peculiar and powerful application
Values have advanced steadily and raridly. Their
has been without halt OF recession and there
is only suggestion Of what the future will bring
forth.
An idea of the tremendous advance in values that
the last twenty years have seen may be formed 10y
siderng the fact that the property at the northwest
corner Of and 1lth streets, now occupied by the
Mertz building. sold in 1874 for S. 500 Today such
figure seems absurd. A dollar and quarter a square
foot was the price for ground that vicinity
Now the value is from $50 to $50 a square foot In
fact the property valuable that none of il can be
said to be in the market.
The assessed value of real estate was much nearer
the actual value then than it is now There was SO
little difference that the figures on the assessment
books may be made the basis of some interesting and
significant comparisons. The assessed value of the
Columbia Bank property on f street near 9th was
81 foot in 1873 In 1856 its selling price was
Sl5. The Equitable building on street near 10Th.
was valued at SO per foot in 1873 and in 1856 fits
selling price was s11.50. The Lansburgh and yIer-
rick buildings show increases in the same perod of
time from 81. so and So to $40 so and sl3 per foot
respectively. Instances like these might he multi
piled at almost indefinite length At the present day
$50 foot cannot touch property the vicinity re-
ferred to- and that locality simply furnishes an ex-
ample Of the enormous strides that values in wash
ington and the Districtof Columbia are making The
advances in other parts Of the city have been cores
pondngly great. and in every instance prices have
been not only firm but progressive
These conditions the inevitable response 10 the
enormous growth of the District of Coumbias popu-
lation. Ground once used for homesteads is now
needed for business and this fact adds to the worth
Of dwelling property. The business portions Of the
city are constantly widening and homes are con-
sany required and the suburbs are what are wanted
They afford every advantage that the city gives and
besides offer health fresh air and the sense of freedom
that an abundance Of space gives.
Washington's great suburb is Glen Echo. Never was
place more favored by nature and never did art con-
tribute more generously to make an ideal city II is
easy Of access by street railway directly on the line
of the immediate development of steam travel
has electric lights. water sewerage. beautiful build
ings and unparalleled advantages as to education
trip to Glen Echo will repay You. 1t will afford
you delightful holiday and bring and important
facts to your mind. See advertisement elsewhere
Apply for particulars concerning Glen Echo to E. T.
BALTZLEY. Room 2, Sun building.