Evening star., 1907-08-03
REAL ESTATE GOSSIP
Proposed Sale Of Analostan
Island Feature of Week.
WABASH RUMOR NOT DEAD
Plans of Amusement Company Do Not
Drown It.
OPTIMISM OF THE BROKERS
Not Only Has Summer Been Excsp-
tionally Active, But Fall Renting
Season Has Begun.
WABASH RUMOR NOT DEAD
OPTIMISM OF THE BROKERS

TIE legal controversy over the proposed
sale of Analostan Island, which lies IN the
Potomac river Off Georgetown. AID conn
prises eighty acres of unimproved and,
has baen the most interesting feature OF the
local real estate market this week, Par
ticular interest Is lent to the situation IN
this quarter because of the rumors that
have been going the rounds for many
moons as to the ultimate destiny OF tbs
big tract.
1t has been stated repeatedly although
no authority has ever been cited by name,
that the men WHO are interested IN bringing
the Wabash railroad into this city aro de-
termined to make a freight yard on the
island and intend to gain possession OF
1t at the proper moment. With some sur
prise the news was received this week that
the local equity court had been asked to
ratify the sale Of the island to a sroup
of men OF this and other cities who Il IS
said, desire TO turn 1t into a splendid amuse-
ment resort. In spite Of the fact that plans
of the proposed amusement resort have
been exhibited. 1t is claimed by many that
there is a scheme on foot TO eventually sell
out to the Wabash interests.
Objection Made.
Representatives Of the American Colonial
ton Society, which has a large claim on
the property, are determined. 1t is stated.
to oppose the ratification of the sale at
the figure named. and intend to employ
the next thirty days, for which length Of
time ths court postponed Its Anal de-
csion. in taking steps which may block
the sale. These men are said to be willing
60 hfr1y = tha rfN Y
offered to the tIustees-S10O,0lO-i order
that they may hold 1t for a highor figure
and be able TO rea.ize the full Indebtedness
to the society.
David Moors. agent for H. H. Carr, who
represents a New York Amusement Com
pany. as the man who has made the SlUo-
OS0 offer, declares that the court VIII very
likely decide in his favor, since the OBJ
lection to the ratification of the sale comes
only from proportionate.y small number
of those Interested IN the property. Blalr
Lee and John d. Cough.an, trustees OF the
iS!aEi are anxious that the sale De COM
p'eted, and are taking steps to defeat the
attempt OF members Of the American Colo
nizatioa Society to prevent 1t.
On account of the location of the Is and,
Just west of G. horgetown, and Its proximity
to the city's business center, its ultimate
disposition Is regarded OF public i'm
por,aace. and the present condition of al
fairs Is, therefore, the subject or no little
comment and speculation.
Optimism General.
A. hes been stated in these columns here
tofore, this season has been one of unusual
activity in the real estate field. Every real
estate broker shares this View. Speaking
Of this condition of affairs yesterday. Mr..
N. L. Sans5ury. whose offices at 7l9
and IL 18th street northwest, said:
The demand for Investments both in the
smaller and larger properties has been ex-
ceptoaally good. In the sale OF residence
properties the demand has been especially
active. We have completed the sale OF
nunoer of rows of small and medium class
properties this season. The gratifying fea-
ture is Notwithstanding the report OF the
scarcity Of money, many OF these tranSac-
tioas have been for cash. The heated term
of the summer, that has usually brought
on a depression. has proved to the contrary
this year to brokers.
The renting ason that usually begins
IN September has already started, and l
look for continued activity during the re-
mainder of the year.
Labor Conditions.
'If the differences that have arisen
among the labor organizations are proper
ly adjusted and loans can be a little easier
obtained a number OF contemplated enter
p-isas will be put into operation and many
new houses will be placed on the market
In the near future.
Property In the suburbs has been In un-
usual demand The extension Of the va
rious electric lines out from the city has
made accessible many places that make at
tractive and desirable residence sections
Along the line Of the Old Dominion rail-
road running to Great Falls are some of the
most beautiful places around the city. 1t
10 possible with one car fare and in less
than twenty-five minutes of time from the
center OF the city to reach Livingston
Heights. on the Old Dominion railroad which
has an altitude Of 465 feet above sea level
the highest altitude within a radius of
seventeen miles of Washington. The outly-
ing districts around Washington offer more
favorable opportunities for a desirable SUBJ
urban home than most cities"
Realty Notes.
Charles w. King has begun building op-
erations on ten two-story brick houses on
the south side OF Kenyon street between
9th and 7th streets northwest. at an esti-
mated cost of $500 each. n. T. Haller &
Co. prepared the plans.
A. r. Townsend will soon erect twelve
three-story brick and stone houses on Gar
field street between Woodley lane and
Cathedral avenue. al an estimated cost of
SGD,0oo. Hunter * Bell drew the plans.
r. B. Behrend will erect a two-story
brick house at J01 II street northeast. to
cost $500. j. Germuluer drew tie plans
and John HOutz is the builder
w. p. MCGEE is preparing to build four
two-stoTy frame dwellings at 25S to 264
15'h street southeast, at estimated c ST
or $1,000. ]. II. Lewis made the plans
and viii erect the houses
Col Medoren Crawford, u s A. has
purchased from Willis Moore, chief OF the
weather bureau, the three-story r s:dence
at 1872 18th street northwest for $1,000
The sale of the house was effected through
the office of William Corcoran Hill in con-
nect!On with Murray Cobb.
Scottish UniVersities