The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-02-12
END HIGHLANDS DEAL
Papers Recorded Revealing
Conditions of the Sale.
PROPERTY IS WORTH $75O,OOO
Four Pieces of Property and Cash
Payment of $25O,OOO Given for Big
Apartment House - Residence of
Carroll Mercer and the Adjoining
Ground Also Changes Hands.

Papers were placed on record yesterday
conveying to new owners the Highlands
apartment house and other pieces Of prop
erty given in exchange for it. In the cul-
mination Of the various transactions VIII
liam H. Van Week appears as the trus-
tee of the various properties.
In the first instance the Highlands
apartment is conveyed by Tie Washing
ton Heights Apartment House Company
to the trustee, with lot Los, Widows Mite,
and part of lot 6. Washington Heights.
transferred TO William J. Dante, conf
Dental agent of Stilson Hutchins.
In the second place, the Mount Vernon
apartment house. at Ninth street and New
York avenue northwest, with lots 80 and
Z, square 373, is conveyed by William J.
Dante 10 the Washington Heights Apart
ment House Company
By a third record the Franklin apart
ment house, 1913 Fourteenth street north
west. is conveyed by Ben Bradford to
the Washington Heights Apartment House
Company. and by a fourth record the
Hotel MontTOse. Fourteenth and II streets
northwest. is conveyed same TO same.
Deed of Trust Given.
In connection with the deal, a deed OF
trust is given by William II Van Week
to the National Savings and Trust Com
pany. securing the Washington Heights
Apartment House Company in the sum of
s206, 400, for three years. at 45 per cent in
terest, on the property Of the Highlands
apartment house.
In the record Of these several convey
ances. the value is a nominal one Of so
in each instance. but in the original deal
the Highlands was valued at $4,000, and
the property exchanged at about 100000.
leaving an equity IN the Highlands prop
erty Of $3.50. 600, now covered by the deed
of trust and a cash payment between the
purchasers. The deal was effected jointly
by Ben Bradford, representing the pur-
chasers, and John Weaver. of Weaver
Bros. representing the Washington
Heights Apartment House Company.
Mercer Property sold.
The residence Of Carroll Mercer and ad-
joining property, at l70 Rhode Island
avenue northwest, has been sold to a pur-
chaser whose name is withheld by the
parties to the deal The tract includes
the lot on which the Mercer residence
stands and that portion Of the land within
the square west of the residence. The
price paid was S65.O00. and the sale was
made by z. c. Brainerd, real estate
broker.
The property fronts on Rhode Island
avenue, between Seventeenth street and
Connecticut avenue Opposite are the
homes OF Admiral Dewey and of Mr..
Hauge. the Norwegian Minister. The lot
is lS5 feet on Rhode Island avenue and
169 feet on NJ street. II forms the TRAN
gular piece at the intersection Of the
streets named.
1t is the intention Of the purchaser %
make extensive additions to the Mercer
house now upon the lot a new front viii
be added. bringing the house out TO the
building line. The front will be in the
colonial style Of architecture, for which
| the architects, Wood, Dunn & Deming,
are preparing the plans. These altera-
/ tons will not be made at once, as the
/ Mercer house has lease upon it which
will be allowed TO expire.