Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-02-22

and gets his money out with the profit
which. while small in the case of each
house, yet is large when taken as a whole.
Able to Pay Better Prices.
In addition to this change, due TO what
might be called the expansion of the mar
ket which enables a builder to sell four
or FIVE houses to perhaps one under for
| mer conditions. there has come about d
| betterment in the financial status of the
average resident, SO that he is able TO
| handle more of proposition in the way
of a house than would have been possible
some years ago.
Growing out of the same circumstances
is also the fact that larger and better
house can he had for the same money at
the present time than was possible say,
ten years ago People are getting more
for their money. and in that way they
arc getting the benefit of the decline in
the value of land and the economies that
are possible in methods OF handing build
ing material and in the reduction in cost
that comes from erecting large number
Of houses at one time.
Business Property Prices.
The price paid for the property recently
sold by order Of the court. and located
on the north side of New York avenue
between 18th and 14th streets-13lI and
l31.A-attracted considerable attention for
at least two reasons, one being the con-
sideration, which was $4,000. and the
other the evidence as to prices in that
locality.
The basis of comparison as to values
was, of course, the prices obtained for
the properties to the east and in the
same square. These latter transactions
occurred in the spring of 1906. For the
property adjoining. 1917 New York ave
paid. The frontage of the two pieces is
exactly the same. namely. twenty-five
feet: but. owing to the lessening depth
in the square. the total area in the lots
at the east end is less than that at the
other end of the square.
All of the lots extend through 20 Fl
street, with less frontage on that street
than on New York avenue. The area Of
the lot which 1915 is located is 2..,t3
square feet. and the price paid was
$4,000 the per-square-fOOt figure was
something over $1J. This is about what
was paid in the transaction just closed.
but the area of the last two pieces is
greater, owing to the widening out of the
square, and hence the aggregate of the
money consideration is greater for Nos
1311-1319 New York avenue than for 1915
and 13l; New York avenue. In the case
of the last named the total of the sale
figures amounted to about $4,000. while
in the case of the two pieces to the
west the price paid as stated, was sol COO
Will Get What's Wanted.
A new conner in the real estate field
is the Morrison Real Estate Company
which has opened Offices at 1925 G street.
Although the company is recently organ
lied the individuals composing ii are
not new to the business The president
j. May Morrison. was formerly in the
same line in Pittsburg. The treasurer
ana counsel. Joseph y. Burkart. mas IN
tn. course of the practice Of his pro
f, ssion in this city given IL good deal
of attention to real estate. while the
manager of the sales department. ii. T.
Craig. has had an active career here in
the realty business.
endeavor to supply people with wha. they
want. and II there is nothing in the mar
ket in the shape of house that suits
the fancy of any customer. then this COM
pany is prepared TO provide house in
the style desired and located wherever it
is wanted by the future owner.
Sales of Property.
Mr. G. w Simpson. president of the
Simpson-Sullivan Company. is of the
opinion that the outlook for spring bust
ness is most promising. especially for in
vestment property. Numerous inquiries
lie states. are received daily for this class
of property and also for medium priced
homes He reports the following list of
properties sold in the past six weeks
aggregating In value about S1S0.GC0:
To Harry Wardman and III. Il. Wilson.
lU2 lots in the Mattingly estate, at 18th
and Newton streets. i'll connection with
r.. S. Fristoe SS,NO.
To Thompson and Bones trustees. nine
teen lots in the same tract. in connection
with - S. Fristoe Uhis almost com
pleies the sale OF this entire tract OF about
fifteen acres. almost all OF which mas been
sold by this firm, SlG.l.O
Two-story brick dwellings. Con Coz. GA
and 6I * street northeast. sold for Mr.
Thomas Gather in connection with +. s
Fristoe for about S1.OV,
Two-story brick dwelling. 1908 COrcoran
street. 10 Miss W1dmeyer. 5000
Ground fronting ~ feet on the east side
OF nth street between " and y streets
northwest to Harry Wardman. on which
he IL erecting an apartment house. Sil.tOD
Coz I'd street northwest. to Mr. ElannerN
$:;.OUO.
l0I 1O3 and 100 r street northwest, TO
ii. l.. Williams. sl9I0.
1919 Is alorama avenue. q two-story apart
nent house. containing four apartments.
in connection. with II. Il. Wilder. price
about SlG.UU
Lots ~ and -. Dennison and Leighton
subdiy son. 10 IL. Il. Hosier for Sl2..sW
13i1 Corcoran street northwest 70 Mr.
@. NJ. Myers. $500