Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-07-07
REAL ESTATE GOSSIP
The Investor in the Market and
What He is Doing.
LAND VALUES IN THE NORTHEAST
The Sites and Their Prices in the
Engine House Competition.
S o Me IMP OVEMENTS

The revival Of interest In the real estate
market is developing In q conservative sort
of fashion. As compared with the condi-
| tions of few weeks ago the activity IA
| marked and encouraging. 1t is true that
| the demand for houses for rent is not an
large as is usually expected at this season Of
the year. Experienced dealers, however,
attribute this condition to the delay in the
opening Of the rental season rather than as
an indication Of a permanent state Of af-
fairs. In place of the bulk of the houses
being rented between the LIST and the 18th of
September they rather expect to see an ex-
tension Of the season beyond the middle OF
the month. continued perhaps up to the LIST
OF october At the latter period the de-
mand for furnished houses usually begins.
Perhaps the most significant feature OF
the market just at present is the appearance
CT class who desire to purchase rather
IMAM rent. Quite a number of transactions in
residence property have already taken place
ana Others are in the course of negotiation.
lhere Is also a demand for unimproved
| property, and when the prices are consider
ed at all favorable, there is but little dim
Guilty In finding a purchaser. The appear
ance or the investor in the market is recoe-
| nized as substantial indication of the
| stability of the present conditions and a
warrant for the belief that in the near
future business will be more active.
An Easy Money Market.
The readiness with which the bonds ISSUED
by the Columbia Railroad Company. 10 Sc
cure money to make the proposed change I'm
the motor power of that road. have been
taken, is Justly regarded as an indication
Of the favorable condition OF the money
market There seems to be no question but
tnat the Metropolitan company will secure
WIN equai ease, the large sum of money
which will shortly be needed. In the latter
case IL Is understood that the funds will be
raised py mortgage on the property of the
company or course, the franchises Of both
~ otat tnese companies stand high i'm the hnan-
cure needed funds ought not TO occasion
surprise, and would not were AZ not for the
!eenns which is now rapidly disappearing
mat money is tight. and is not available
Tor any investment OF course this As n
section OF the left over feeling from the
late financial depression and IL is Thought
S ana, ~ VIII not be long before IL entirely
oisappears- Zeal estate investments are re-
earued as fully as sound as the bonds of the
companies above referred to- and the grow.
ms hs Deiiet m this fact is gradually taking
the place OF the lack Of confidence which
mas characterized the marx et for the =. a.
eighteen months 49,
some Northeast Land Values.
large number OF proposals for sites for
tne new engine house in the northeast Sec
uon OF the city were recently received ana
sSohsioered by the Commissioner As has
b
Is on the south side OF Maryland avsnns
between 18th and l4th streets northeast
Inc dimensions are 54xlVU feet ana The
p III, asreed 60 be paid was u per square
looI Inc various sites offered were with
lew exceptions Comprised within a belt
rev squares north and south on eacn side
Oh maryland avenue. and extending from
Gun sueet east nearly to FLORIDA avenue
AS the offers submitted by the propertv
noioers We're IN competition, IL is presumed
s INA. tne prices asked were regarded as Q
, ,slr market price Assuming that this was
the case the offers submitted would give q
very fair idea OF the prevailing values in
that section OF the city
For this reason the following quotations
rom .ne schedule OF proposals are made.
lot At the northeast corner of 9Th and u
streets "a by about % feet was offered for
sl-oV per square foot. An adjoining lot ON
= street ~ BY "a feet for 81, three adjoin-
ing lots on sth street Is by Loo feet each
Tor ninety cents. and an adjoining lot Of
TIE same dimensions for ninety-fiye cents
On 10Th between and @ streets a lot 90
Sy ~ teet sl.2o per foot; three lots on
Maryland avenue between 9th and 10th
streets, having a frontage OF So feet and a
depth CT about 80 feet. 81. % per foot; at thu
southeast corner OF 9th and G streets q
lot ~ by lo6 feet was offered for about
sl.lo The southw est corner of sth ana r
streets. Al by ll0 feet, was valued at 81 "a
per foot. A lot having a frontage of IS
feet on ID street between 10th and llth
streets. with depth OF about ~ feet was
offered at eighty-three cents
Two lots. each 20 by 100 feet separated
by an alley, and fronting on 18th street
between ID and Z streets. was offered for
seventy-four cents. A valuation Of seventy
eight and one-half cents was placed on n
lot % by 10 feet on L street between 10th
ana nth streets. block of lots divided by
an alley and extending to an alley 'front.'
Ing lO2 feet on Sth street between + and r
streets. with a depth OF 100 feet was offered
at prices ranging from ninety cents to 81
per foot. Having a frontage OF s. feet on
Id hefx tlf rAsk
depth OF lo2 feet a lot was offered at
eighty cents.
The price asked for the northeast corner
Of 10th and ID streets 81 by 90 feet was al.
or option Of 50 feet Of this frontage for
Sl.25 per foot On 18th street between B
and c streets the price asked for a lot Is
on E street between 18th and 18th streets
5S by lis feet was valued at sixty-fve
cents The value of the northeast corner OF
L and 18th streets. 20 by os feet. was
placed at eighty cents. On ID street be-
tween 18th and 18th streets a lot IS by
16T feet scheduled at eighty-three
cents. A lot lo6 feet by % feet at the
northeast corner Of 18th and Z streets was
valued at sll5. A lot at the southwest
corner OF Sth and streets, Al by ll6 feet
was valued at LIS. On 18th street be-
tween and ID streets a lot 81 feet with
an average depth of il6 feet. and contain
Ing 1890 square feet was valued at fifty
cents
There were number OF other sites
to give a general idea OF the prices asked.
Some improvements.
Plans have been completed by A b. Nor
gan. architect, for remodeling the building
2ls 4l-2 street. which is to be used fof
hotel purposes. There will be a story
added and a copper oriel will be one of the
features OF the front
Charles Early has had plans prepared foe
two three-story dwellings, to be erected
2lst street between r. and S streets
The fronts will he built OF Indiana lime
stone and buff brick.
Eight three-story houses, 1sxh5 feet will
be erected by Barr q Sanner at the corner
OF 18th and Kenesaw streets.
Otto Rupert will build a store ard resi-
dence at 18th and o streets from plans
prepared by c. A. Didden. architect. The
structure will be three stories in height
25xs5 feet and will have q front OF brown
stone and buif brick. A three-story stable
will be built on the rear OF the lot.
block OF twenty-six six-room houses
will be built by c. b. Keferstein on Parker
street between ID and 80 streets north
east.
Plans for a nat building to be erected
on Park avenue. Mount Pleasant. by DR..
A. B. Jameson. have been prepared by
c. z. Anderson. architect. II n to be three