The Washington herald., 1906-11-04

INTO the real estate market.
A week or so ago agents were COM
planning Of dullness, but yesterday the
majority had assumed more cheerful
attitude, and talked as though the late
fall business would be good.
One or two brokers told Of deals walt
ing for the results of the election before
prospective buyers would close: others
said they had large propositions on foot
they hoped 10 complete as soon as the
questions of title and deeds could be ar
ranged.
Deals OF the week.
Some CT the more important sales of the
week were the southwest corner Of Thir-
teenth and G streets northwest, through
H. Rozier Dulany, from the c. c. VIII
lard estate, to an investor whose name
was not made public. z Heidenheimer
bought the place Of business at 525 Thir-
teenth street, through the American Sc
curity and Trust Company, for So. .000
c. H. Dismer, through Blundon. O'Brien
& Belt. paid $4,000 for the property at
1927 Euclid street.
W W. Finley. second vice president Of
the Southern Railway. purchased. through
the of1ce Of Stone & Fairfax. the resi-
dence at .20l9 Massachusetts avenue for
SOS, 900 The house was sold for Charles
P. Stone. whose residence it adjoins. Mr.
Stone purchased the property last Janu-
ary. Mr.. Finleys new house is located
directly opposite the home Of Thomas F.
Walsh and in the immediate neighbor-
hood Of the houses of George Westing-
house, A. s. Worthington, John Taylor
arms, Gen. Sternberg, Elpheus Snow, and
Samuel Spencer. president of the South
ern Railway.
Houses in Demand.
One OF the hopeful signs Of the market.
to which attention was called yesterday.
is the good demand for houses to rent.
Real estate men say this call-always
large at this time Of year-is more persist
ent than in former years. Moreover,
renters are looking for houses with i'm
provements. They want new houses or
those which are in good condition.
One dealer told q Herald reporter he
had q number OF houses which The owners
would not improve so as 10 make them
comfortable and attractive, consequently
they We're being neglected. This dealer
said the call for houses Of the class named
had been so marked he had advised sew
eral holders of lots 10 put up houses
that would rent for from $25 10 SO a month
as q good investment. He said he was
confident Of his ability 10 rent them at
any time, so that the property would not
lie idle.
Must Fix Up Property.
Another. agent TO which an inquiry was
made along this line said:
YES, d good many old houses viii lie
idle over winter. unless the owners fix
them Up. With the multiplication OF flats
and new houses, people are not rushing
into any old place offered. The time has
passed for the old game Of getting money
by renting houses out Of repair at fancy
figures.
For one, am glad Of it. The renter is
entitled to have a good house when he
pays, and predict there viii be a good
deal Of repainting, papering, and general
renovation
The conclusion arrived at from these
conversations was that money put into
good, substantial houses, renting for from
So TO $40. are now a splendid investment
in washington and VIII be for an indefinite
period 10 come. The rehabilitation of
business properly viii probably be follow
ed BY extensive repairs upon old houses
until they are put in proper shape TO live
in.
Along this same line operations in the
suburbs show the number Of home buy
ers IS not decreasing, as some OF the pes
slmistic real estate men feared would be
the case. Persons employed in the de-
partments and others, receiving fair sal
ariee IN other lines OF work, are making
the best arrangements their means Will
allow TO get roofs over their heads on
which the unfeeling landlord has no
claim.
AS consequence, the outlook is that
the winters business will continue good, |
as between those seeking a safe invest
ment for their money, and those actually /
desirous Of having homes Of their own.
People Want to Buy.
As an Illustration of what is going on
in one section Of the city may be men I
toned the building operations undertaken
at Brentwood Park by W. Mex Clayton /
and others interested with him Mr.
Clayton has been building during the
fan and summer months about twenty
houses in the park.
Il was his original intention to rent
them. This he has done as fast as the
dwellings were completed, except that in I
more than ten cases he received offers to /
sell, and did SO at good figures, some
buying for investment aad some for
homes
Another instance Of the investment and /
nome-buildins idea is to be found out Cd
the Rockville road in the far northwestern
suburbs. There has been within the past
six months marked advance in the de- /
velOpment Of the several subdivisions be /
yOnd S. Adams and just over the Dis |
trict line IN Maryland.
The Rockville electric lire serves this /
region with good transit facilities. and
many persons have been going out to
Friendship Heights, DrummOnd, Somerset /
Heights, and Northwest Park to buy lots /
and build houses for rental or for homes. /
These suburbs are promising centers Of /
population already, and are continually
inviting more settlers
Chance for Home Buyers.
Richard Ough has recently completed a |
hne house a. The Hills" and is about
to erect FIVE more nearby, which will be |
sold 10 home buyers or rented to persons /
who desire to live in the country. Further !
Up the line is the new Northwest Park, /
where lots are being sold by William F. |
Matteson. Substantial houses viii be
built in the near future upon lots in that
subdivision sold during the last month /
u 50.
The plan Of this subdivision is different
from those this side. IL contains forty
acres lying between the electric car line 1
and the Rockville pike. A well-graded /
avenue extends through the property con- /
Meeting the two thoTOughfares. On each /
side is a tier Of lots containing from one 4
acre to one and one-half acres each. /
The lots are Intended 10 be separate /
h-sfT nd x