Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-01-22
REAL ESTATE GOSSIP
Recent Auction Sale Of Property in
Business Section.
FAVORABLE INDICATIONS POINTED OUT
An Attempt to Improve the Archi-
lecture of Local Public Buildings.
NEW OFFICE BUILDIN G


A sale by public auction during the past
week Of piece of property in the business
section Of 9th street northwest was of
more than passing Importance, not only on
account of the price obtained, but because
property in that particular square seldom
changes hands. 1t involved the transit r
of the title to two buildings on the west
side of 9th street just south of E. They
were offered at public sale by Mr.. Radcliffe
of the firm of Radcliffe, Sutton & Company,
auctioneers and he found on this occasion,
as he has recently when selling real estate,
that there were quite number present
VINO were ready and willing to buy.
1t has been complaint, especially during
the period of financial depression, that
there was no market for property even at
auction, but, with other indications of an
improvement in business, may be noted
the fact that auctioneers report now a
more active competition at real estate auc-
ton sales.
Value of the Ground.
As the Improvements on the property
above referred to were of an inferior char
acter, they were not regarded in the esti-
mates made Of thu value Of the property.
The ground has b. frontage of % feet and a
depth Of 81 feet, and contains LILO square
feet. 1t was knocked down to Mr.. Charles
G. Duncanson, whose bid was $500, which
Is at the rate of $1O.5S per square foot.
There has been no recent sale of property
in this imme diate locality, and SO it is i'm
possible to quote figures in comparison, but
it is said that this was not high price for
land SO eligibly located. 1t is stated that
1t Is not the intention of the new owner to
| make any immediate improvement of the
property.
Some Other Prices.
On the same day the same auctioneer sold
four small buildings around the corner on
E street, being on the south side of E
street between 9th and 10TH and numbered
from 904 to $40 E street. The total front
age was Gu feet and the depth was 70 feet,
and the number OF square feet was about
$500. The price paid was $13,35O. which is
at the rate OF about s. per square foot
The purchaser was Mr. d, A. Sanford and
it Is stated that he has no plans for the
Improvement of this property.
Mr. Radcliffe, the auctionser, offered
property at public sale that day and re-
ceived bids which aggregated $4,000 This
amount includes, Of course, the bids fol-
the properties above referred to. All this
real estate Is In the business section of the
city, but Mr.. Radcliffe not long ago sold al
public sale residence located in q subdi-
vision some four or five miles away from
the city. The house and grounds q num-
Der OF years ago, when prices Of real
estate ware higher than they are now cost
5000. The price obtained at public auc-
| ton was $3.50.
A Big Competition.
Some OF the local architects are very
much interested in scheme which is pro-
posed by Mrs. Hearst, and by which It Is
intended to secure plan for the grounds
and the grouping of the buildings OF the
University OF California at Berkeley. This
town, - y well known. y across the bay