The Washington times., 1908-08-09
Unusually Large Volume of
Business Transacted in 4.
Washington Last Week.
MANY BIG DEALS
ARE NOW PENDING
Out of Town Capital Is Being
Widely Invested in District
Property.

An unusually large volume Of bust
ness for a summer market was done ia
the realty field last week. The trading
cannot be said to have been active In
itself, but in comparison with the dull
ness that was 10 have been expected at
this season OF the year 1t more than
nIlhlled the forecasts made by the deal
ers a week ago,
Foremost among the results accruing
from the progress that is being made
Is not so much the well-being OF the
realty business houses, as it is the as
surance given Of the maintenance OF the
prosperous situation OF the city OF
Washington.
Some real estate dealers are passing
through very dull time. others are
dCIng a moderately active business, and
still others declare that they have done
more business In the past fortnight
than they did in the preceding six
Dlonths.
Occupies a Unique Position.
All of them. however, irrespective Of
the state of affairs at the moment
Concede that there is growing up
widespread appreciation OF the value OF
real estate Investments in the District
of Columbia, and that this city Occu-
pies a unique position With respect TO
opportunities that await here the in
vestor who puts his money into real
estate.
AS an illustration. a prominent local
dealer says that he has under way a
deal involving a big business corner
which has practically been contracted
Tor by two Western capitalists These
men have passed over the realty oppor-
tunities awaiting them in their own
large city, and have chosen to make
their investments in Washington
Another pending deal is one in which
two prominent department stores are
70 move their locations and occupy a
new building that will be built Cn T
street. not far from Thirteenth street
northwest. These and other transae-
tions are now under way and will be
ammo mced in complete detail later.
Brief Weekly Review.
Specifically, a review of the weeks
business includes the following deals:
The .three-story residence az 1877 Mon
roe street northwest has been sold by
Wilige, Gibbs & Daniel. for Charles W.
King, tr. TO Irwin F. Humphrey. for
$3.50 The house has a pressed-brick
front. porcelain bath rooms is heated
by hot water and is otherwise entirely
modern in every particular II has a
frontage Of IS feet and a depth OF 10
feet. to a 30-foot alley. The purchaser
viii occupy the premises as his resi-
dence.
Another interesting deal is reported
by Moore & Hill. who have sold the
Alamo apartment house at l223 Twelfth
street northwest. The building was pur-
chased by a local business man. who
III
being $4,000. This building was erected
by Harry Wardman only a few months
ago. It is four stories high and con-
tains twenty-fOur apartments, with
bath. The dimensions of the land are
90 by "a feet, extending back TO an
alley. An unusually large number OF
small apartments have been built in
this house. in order to meet the needs
Of people who do not require the space
that large family must occupy.
Sells Ten-Room House.
The same firm has sold a ten-room
dwelling on Rhode Island avenue near
Scott Circle. The purchaser intends 10
expend about $1,000 on this property
and make 1t one of the most attractive
houses in the neighborhood.
An investor, one Of those referred to
estate to property in other cities, has
bought the property at 147 Ninth street
northwest. Moore & Hill have other
large deals pending on which deposits
have been made, one Of them amounting
10 over 100000 A similar situation pre-
walls with other companies, and IL is
safe to say that the local real estate
market IS even better than it can be
described In detail
One feature of the local situation Is
the small number of apartments and
apartment houses that are available
even for cash buyers or renters. Those
existing are being closely held. and
there IS a heavy demand for such quar-
ters. IL is predicted by some firms that
there will be a house famine in Wash
ingtOn even before Congress Convenes.
Others Looking Our Way.
A prominent local real estate dealer,
VINO has been II touch with investors
from other sections of the country SAYS
that II seems from the information that
he has garnered, the sources including
wealthy bankers. that the country at
large is turning its attention to making
its real estate investments in the Ma
tlonal Capital, on account OF the stahil-
ity OF real estate values In this city. and
that this municipality naturally occupies
in this respect a position that gives il
more than a national Importance. The
dealer referred TO is r. w. BeaH
Plans have been prepared by Speiden
& Speiden, architects, from which Mrs.
Frances S. Nichols has begun the erec-
tion of a house at the corner of Georgia
avenue and Allison street. BY locating
the house on the terrace at the original
grade Of the lot, the owner has been
able to retain a number Of the old forest
trees, which form a picturesque back
ground for the building. The house will
be OF frame construction, with inter-
secting gables and broad overhangtng
caves. The exterior finish will be OF
stone through the first story, with
shingles TO the caves and gables.
A part Of the second story overhangs
a broad porch with heavy columns. The
floor OF the porch is laid in brick. A
massive chimney in red brick viii pro-
iect from the side Of the building. and
viii form one OF it's characteristic fea-
lures.
All BFossry, Tv,rrox,a-,.-A-