The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-02-07
.REALESTATEON BOOM
Land Values in Business Sec.
ton Make Big Advances.
TINDALL HOME IS PURCHASED
Mr.. Alvin VI. LOthrop Buys Property
at Columbia Road md Connecticut
Avenue to Erect Large Residence.
New Municipal Building Nearing
COmpIetiOn-One of Finest Here.

! Charles p Stone, of Stone & Fairfax.
cited an instance yesterday which Illus
| trates how land values have advanced in
the business section in the last twenty
/ years. and, incidentally. how an invest
ment of one of his friends in real estate
turned out we'll The property in ques-
ton is in Eleventh street, between Z and
| f streets northwest.
| Mr.. Stone said that It was purchased
/ by its present owner in 1883 for 5000. 1t
| then paid in rental about s per cent upon
/ the investment and continued to do so for
a number OF years. About 1892 the owner
! spent about 5000 remodeling and i'm
/ proving the building. ard afterward Sc
cured tenant who paid a rental Of $3.50
a year on longtime lease, agreeing,
under the lease, 10 make ali repairs.
Mr.. Stone said his friend had recently
| been offered $4,000 for the property. and
/ had declined to accept it, lie said the
| owner was holding it in the expectation
( OF selling the property at $40,000-what he
now regarded it worth Mr.. Stone said
that most Of the business property in
/ that section had advanced about three
/ that its rental value had Increased in like
/ proportion.
Hr. LOthrOp Buys TindaII Home.
! Alvin NJ Lothrop, of .he firm of Wood
ward d Lothrop, has purchased Of Dr.
! William TindaIl, secretary 10 the District
Commissioners, the property at the inter-
/ section of Connecticut avenue and Column
/ bia road. The lot fronts on the govern
ment reservation at that point 20 feet and
loo feet on Connecticut avenue. IL con
talns 1850 square feet. and the price
/ paid was 500 a square foot The prop-
erty Is improved by a frame house Of the
| cottage type
| It IS Mr. LOthrop's purpose to tear
/ down the present house and build a larger
residence. which he viii occupy as his
| home
The sale was conducted by J. B. Winner.
real estate broker.
building Nears Completion.
A statement submitted 20 the District
/ Commissioners yesterday by the contrac-
+ tors. Z. A. and G. y Williams, of New
+ York, SAYS that Of the stone required 10
+ erect the new municipal building. - per
cent has been delivered. Nearly all the
I
/ of the exterior. and the interior walls Of
( brick are further advanced than the
stone work. The building is assuming
proportions which shows its design. and
1 for months past has aroused favorable
comment from persons viewing the walls
/ as they were passing along PENNSYLVANIA
/ avenue The general opinion is that tine
new structure viii be one Of the most
beautiful OF the public buildings ia Wash
ington
II was stated at the District building
Yesterday that steps had already been
/ takc'i 10 compile estimates for the cost
Iot furnishing the structure when I'm
! ished
/ Papers were placed on record yesterday
/ conveying 70 the corporation Of Wood
/ ward & Lotbrop various properties on F
/ street and elsewhere by the individuals
/ OF the 1irm About the first Of the year
/ the firm took out incorporation papers
/ under the title Of Woodward & 10th
/ ron and the c0nveyances now recorded
/ transfer tho property Of the old firm TO
I the new one. placing all the holdings
I under the corporate name.
/ The properties involved are: Parts Of
\ lots in square 2SS, on G. street north
west lots . and Is. in square 6. Clevc-
and others in square $40 known as 1907 TO
/ 169 + street northwest The property is
/ all conveyed subject 10 the incumber-
ances born before the change Of record.
/ The papers were filed by the attorney Of
/ the firm, John r. Laner.
Real Estate Notes.
/ Thomas HYDE has taken ont a permit
/ to erect q warehouse in the rear Of 1877
I F street northwest. which will be of
/ brick four stories high, and Is estimated
/ to cost $4,000. Marsh * Peters are the
architects. and William S. Spencer the
/ builder.
! A permit was issued yesterday to NJ
/ Burt for repairs and alterations to the
! business property at 6c5 Pennsylvania
( avenue northwest The remodelinE of the
! interior will cost about S5,000. The work
/ will be done by s II. Maddox. according
/ to plans prepared by Albert W. Hunt.