Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-09-09
REAL ESTATE GOSSIP
Sale of Stewart Castle the Event of
the Week.
FEELING FOR THE FUTURE
An Experienced Dealers Advice to
a Young Home Seeker.
NOTES OF IMPROV EN- ENTS

| The leading event of the week in real
| estate circles the sale of Stewart Cas-
| tie by Senator Stewart of Nevada and his
wife to Senator Clark of Montana. Whether
| an apartment house is to be erected upon
| the site investment whether the
purchaser will build mansion for himself
| on it, 1t is felt in experienced circles that
| the price paid for the property, which was
about $4,000. was a good one. The land
upon which the building stands is about
| the only thing to be taken into considera-
ton when the price is considered, unless it
| Is intended to remodel the present building
and occupy it instead of tearing it down
and replacing it with more modern struc-
! ture 1t is believed that the sale will
| strengthen the opinion of the owners of
| other property in the neighborhood that
| the present rates at which they hold it are
| right ones 1t is pretty well established
| fact, although some realty men decline to
| admit it, that the land, vacant and i'm
proved, in that immediate neighborhood has
been held too high when the period of de-
preston through which we have just pass
ed and are passing, SO far as realty is con-
cerned, is taken into consideration. This
tendency has had the effect of causing
demand for property further out and be-
| yond the city limits, such as on Washing
| ton Heights for instance, and indeed a
| great many capable and experienced men
are of the opinion that the high rate that
! inside property has been held since the
| boom of several years ago has been the
| most substantial factor in suburban devel-
opment.
Tie immediate purchase by Mrs. Stewart
after closing the deal with Senator Clark
of the Elliot, more commonly known as the
Webb property. at 18th and r streets is
&C hniD i.tdtG i., np,n
tains 1900 square feet, and has an excel
lent house upon it. and the price at which
1t was sold, $3.50, places the foot figure
for the land, roughly estimated, excluding
the value of the residence, at about 81 %
per square foot.
Retter Feeling Prevails.
call around among various real estate
men, big anG little during the week de-
veloped a still better feeling regarding the
future and a more satisfactory condition
so far as present activity is concerned.
There is more buying and less trading
than has been noticed for several years
past and, as one observant operator sig
! nificantly remarked, THE exchanging of a
cat for a dog is not as common as it was
in the recent past
AT another office conducted by one of the
oldest and most experienced real estate
firms in the city the visitor happened to
be present at conversation between a
representative of the firm and young and
newly married man who came to confer
with him upon the all-important matter of
getting himself a home He wanted advice
and he wanted it badly. He stated that he
had some ready money, and felt confident
that he could take upon himself an obliga-
ton FOR the purpose to the extent of about
S6,oto. he was in a quandary whether he
should invest his cash and his expectations
in small house in one of the outlying city
streets or go further out in the country
and settle there. The real estate man ad-
Vised him to do the latter
The Cfty's Growth
1.-THE rapid transit lines" he said .are
now extended to all parts Of the District,
but the tendency of Washington has al
ways been to grow in the northwestern di-
rection This is true in the city itself as
well as i'll the suburbs. If you buy a house
in the city for the amount you have to in
vest you must necessarily go into one of
the less eligible streets, which are bound to
become less and less eligible as time adj
vances. On the other hand, you can go
out into the suburbs, inside of the District
bear in mind. because the District has good
government, the protection of Congress
and system of street extension already
outlined. that cannot fail to be rapidly de-
Velcped. You can buy an acre of eligible,
well-located land for say S2.oO0. That
means a lot 300 feet square, or as big as
| city block. You can build nice house, a
comfortable home, it for So COO for the
reason that brick and stone are not re-
| quired for structures outside of the fire
limits. In twenty years. in my opinion,
such a piece of property will be in popu-
lous part of Washington. You have asked
my advice and | have given you my honest
opinion.
The architects seem to think that the
coming year Will be very busy one in the
way of new Improvements on account of
the inquiries they receiving from pros
pectve builders, which are more numerous
than for several years past. 1t is rather
Lotto it,t ff,r .I.rr,itc To In
taken out. but ii is fiXing-up time among
house owners and their agents. and during
the past week permits have been taken out
for about $50 eco worth of repairs, ranging
in figures from s. to $1,000.
Permits to Build.
Fred. c. Gieseking has secured permit
to erect at 34 18th street southeast cor
ner of D street a two-story brick store
and dwelling, twenty feet front by fifty
four feet deep. The fronts will be of press
brick and the building will be heated by
hot water 1t will cost 1850.
Walter T. Weaver will erect two two
story and cellar brick dwellings at Nos.
1908 and 1910 2sth street, at cost of $500
NJ. P Foley will build a two-story brick
dwelling al No. 13o Fl street northeast. 1t
will cost $500.
Mrs Barbara Daily will erect two-story
and basement press-hrick building at No
914 Maryland avenue northeast, at cost
window, topped with cone-shaped slate
roof will up the front of the structure
Edward w Talbot has secured a permit
for the erection of a frame two-story store
| and dwelling, to cost 81 .2T5, ON Nichols ave-
nue.. Congress Heights.
ID. A. Sanford will alter and repair the
three buildings. Mes. 120S 1910 and 1912 ID
street. and combine them into one build
| ing. at a cost of $500.
George Koehler has received a permit to
erect two-story frame residence at No.
| HAT Meridian street, Mt. Pleasant, at a
| cost of 81, 600.
New Apartment House.
A. Goenner, architect, has prepared plans
! for an apartment house to be erected at
| the northeast corner of 1st and b streets
northwest, opposite the census office,
| and ground has been broken for the cree
| ton of same by w. E. Speir. to whom the
| contract has been awarded by the owner
| Mr.. Alonzo o. Bliss.
The building Will cover the entire corner
| lot, is by 100 feet: will be five stories high
and contain thirty apartments. varying
| from three to five rooms, with bath and
! private hall. The principal front faces TIE
Capitol grounds. where the elaborate en-
| trance, with large stone porch, will be To-
| Gated. The suites divided between
| housekeeping flats and bachelors apart-