Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-27
REAL ESTATE GOSSIP
Another Large Residence of the
Colonial Type.
LARGE ROOMS A FEATURE
Current Values of G Street Property
Noted.
SMALL HOUSES ARE IN DEMAND
Some Opportunities for Investment
Are Presented in the Market I'm
der Present Conditions.

the height of four stories and the design
which will be colonial will give to the
structure an effect of simplicity and
solidity.
Like al houses of this style, the exterior
will be entirely plain. and there will be no
projections to break the stretch of the
front except the pillared portco at the
main entrance. The second floor, which Will
he the principal one of the house, will nave
lofty windows extending to the floor ana
the effect of their height will be enhanced
on the outside by the arched tops, which
will be filled in with stone of light shade
similar to that which will be used in COM
bination with the red brick in the construc-
ton of the exterior.
Spacious Interior.
There will be practically no ornamental
ton used in the front, and the architectural
effect will depend upon the material used
and the harmony of the lines. Owing to the
spacious site the interior will be well suited
for domestic life on rather elaborate scale
There will be a large entrance hall with
rooms on each side. on the left will be
ladies' room. with a cloak room attached
and on the other side the entire space will
he given UP TO fine library room. 1t will
extend the depth of the house, which is
about forty feet.
At the end of the entrance hall will be
che staircase leading up to the upper or
will be devoted to a large room similar IN
size which will he the drawing room On
the other side of the hall will be the dining
room. another spacious apartment
The Conservatory.
portion of the center hall on this floor
will he separated by partition and will be
used as conservatory, which will open
out into the drawing room on the one side
and the dining room on the other. There
will be u service staircase to the top of the
house and the fourth floor. with the
Ceptiun Of two chambers. will be given UP
entirely to rooms for servants, there being
some seven or eight % them with bath
room and separate approach.
The house is being built by y. 2. Lips
comb IL Co. builders.
Some G Street Values.
The sale at auction during the week of
piece of C street property attracted atten-
ton. for the reason that anything which
relates to current values on that thorough
fare is Of interest. The property in ques-
lion was that known as 1125 G. street The
lot Is of unusual dimensions. having depth
of 2l2 feet with frontage OF % feet. The
price which it brought aggregated some
thing less than $l1 per square foot.
A corresponding piece of property but
having q wider frontage. is that which is
the other side of the alley to the east.
This property was bought by Mr. Thomas
F, Walsh a year ago. ana the prics per
was between nine and ten dollars
Another transaction in the same locality
took place last June. when the northwest
corner of 18th and G streets was sold AT
auction for 50 per SqUar" foot. This lot,
however. had only depth of GU feet on &
street and - feet ON 18th street. Another
sale was made recently of piece of prop
crty on the same side of the street but
farther 70 the west. The depth was less
than lo1 feet and the price paid was about
Sli per square foot.
Houses of Moderate Size.
1t is the experience of brokers' as well
"a OF builders, that whatever the condition
OF tho market. there is never an oversupply
OF houses of moderate size and rent What
Is meant by houses of moderate size is the
two-story house. containing six rooms. and
renting for about So per month 1t Is prob
able that there never was a time when
houses Of this class could not find tenants
and that fact is recognized to a large eX-
tent by men whose business it is to meet
this phase of the market demand. one rea-
son Why more houses Of this sort are not
built. it is said, is because it is difficult to
secure ground at such prices that building
would De profitable.
Tie cost of ground has in many instances
ise,u the controlling factor in determining
tHe kind and style of houses to be erected.
it is. pt course. impossible to either sell or
20, Il twu-Story house for as much as q
thro,-stpry house, and in the calculation of
ft" builder IL IS probable that it is just this
P-nit tu him. This is the case. too when
!, is well known that margin has been
nr'urat down to the lowest limit.
Profits in Building
s. is thc competition that las arisen
and such has boon the advance both Of m
tcriHl o'j labor. that the difference bc5Meen
tte t''ai outlay ON a house and the figure
e.: wHltE /, can he placed on the market IL
Sc S.iutt as 20 mako. it apu..4r 10 th,. hui,ller
90 s,.F
TAX tine e'.erqrise. Bar in the business Of
h.ili.ug houses. as in nearly every line
mu-i'r1 conditions have wrought many
change. and among them has brought into
general practice the rule of quick sales and
small profits.
A. ht+ been said. the cost OF the ground
determines largely the character of th,.
lrausr and where that item is a large one.
1. Is necessary, as rule to put more,
money I'M" the house, and, of COARSE to
&c more out OF IL.
Always in Demand
Iu,s Is one explanation of the existing
crId.tJuu where houses Of this sort ar, not
offered ju abundance. OF course the man
nee 81 living has altered together with the
Increase iu incomes and the general pros
psus which has come to all classes In
spite OF chat. however. the great bulk OF
"ry community are those OF small and
IIH't'd incomes. and il is entirely natural
aC, I" h' expected that This class should
departments of the real estate business.
II IS Just as true today as ii ever was.
tst ih' small house renting for So per
mouth Is tire one that is most in demand
and which may be said to be always in
Crraud.
The only question that arises in the
rniHd %! tN" practical man. who is well
aware az tHis situation and would like 10
be in "a position 10 meet it, is how To he
Hhic to dp il and make his profit out OF
Ii lie recognizes the fact that he can
not do il N hc is obliged To- pay high prices
FOR land. and hence il is that the search
for cheap land is SO persistent. II may be
sSS8 that the situation in this respect Is
changing. even in the face of q growing
population. and that it is due mainly To the
extension ol rapid transit facilities. that
localities heretofore remote from the center
S-e now within easy reach. In this way
large tracts of what i termed suburban
property IS brought into the market. and
The result OF such competition is naturally
e-Ozgh scaling down in prices.
Effect on Land Values.
Tie entire range of property is affected,
eAi which is known as inside property as
wed as that which is outside the old urban