Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-02-29
AVENUE VALUES ANAL YZED
How Land Is Held in Square Known
as Reservation D.
FIGURES OF RECENT SALES
Last of Blocks to the South of Penn
sylvania Avenue Covered by
the Hepburn Bill.

| The last Of the squares south of Penn
| sylvania avenue covered by the Hepburn
! bill. as we'll as the last of the four reser-
vatiOns set aside and sold under the act
of May, 1892, for the redemption of the
| Tiber lowlands. Is reservation d. Res
| ervation ID is bounded by Maine and Mis-
souri, avenues on the north and south. and
| by AZ and 9Th streets on the east and
west. Perhaps the most important i'm
provements of the reservation are VIE
| gand's lumber mill on the Maryland ave-
nue. side and Whites iron foundry on the
Maine avenue side. The AZ street side is
| occupied in the main by small stores.
| while the 9th street side is devoted to res
| licences. nearly all of them frame houses.
From the standpoint of value the Mary
! land avenue side is said to be the best.
| with the AZ street side next. There is but
small choice between the property on the
| 9Th street and Maine avenue sides. The
reservation contains A. square feet,
assessed at S64,6O6 or a fraction more
than Az cents an average foot. The i'm
| provements are assessed at $50. 200. Both
ground and improvements are assessed at
$144, SO6. fraction less than 81 a
foot. The real value of the ground, de-
termined by the two-thirds assessment
rule. Is $96,9O9 or a fraction less than 81
| and improvements are worth $217.2O9. or
fraction less than $1.JO the average
foot.
Owners Appraisements.
Nineteen owners in the reservation,
whose combined property contains 55.919
square feet, assessed at $27, 1927, or frac-
ton more than 4Sh cents an average foot
for the ground alone. and S71 1927 for both
ground and improvements, making its ac-
tual worth, determined by the two thirds
assessment rule. $1O6. $1,000. or a fraction
more than $l.91 an average foot. ap-
praise their property at $235.ST5. or a
fraction less than S4.22 foot. Individual
owners value their holdings from 2.19 a
foot up to $40, exclusive of the improve
ments.
Two sales in the reservation, one about
three years ago and the other within tie
past year, brought $1.1S foot in the one
case and S2.2Slx in the other In the
former case the property contained $3.50
square feet, assessed at 10 cents foot To-.
the ground and $500 for the improve
ments, making its real value, If ascer-
tained by the assessment rule, s., $40, OF
shade more than "a cents q foot for
both ground and improvements: while in
the latter case the property consisted of
1,O94 square feet assessed at 10 cents
foot for the land and $500 for the SIN
proyements. making the real value of
both, by the assessment rule. 81 1888 or
u fraction less than $50 square foot.
One owner whose lot contains l,o24
square feet. assessed at 45 cents a foot
and improvements assessed at 500 max
ing their real value. under the assess
meIt method of estimating, Isl 90. or
about Sl.25 Il foot. offered his properly
for sale some time ago for $4,000 or about
81. I'D foot: while another. with but OF
feet assessed at 60 cents a foot, and i'm
provements assessed at 5000. wants sv,uUO
or about $5.45 foot. although his prop
erty. under the assessment rule, is worth
but 81, 10. or about 81 SO q foot.