Evening star., 1908-01-29
BIG SALE OF REALTY
Suburban Tract Valued at
$1,OOO,OOO Transferred.
FIVE COMPANIES IN DEAL
An Electric Railway Projected
Through the Property.
LOCAL CAPITAL INTERESTED
Land to Be Subdivided-Part of It
Already Sold-General
Location.

what is CONCEDED 10 De one vi INC
largest suburban real estate transactions
which has ever occurred in this city has
Just been closed through the Southern
Securities and Development Company or
this city. The various tracts In the deal
contain about t:O acres. and the esti-
mated purchase price is stated to be
about $1oo0.0GO The majority of the
property is situated north of the Soldiers
Home and within the District
While the deal was effected through
the Southern Securities Company. there
are five separate realty companies which
have purchased the various properties
and which will have exclusive control and
sale of the property. The companies are:
The Manor Park Realty Company. with
a capital stated to be S1.uOO.o00; the Fed
eral Realty Company. 100000; the Stotts
Park Realty Company. S2ooO0o: the Chill
lum Castle Realty Company. S25o,Un. ana
the Blue Ridge Realty Company. with d
capital of S1O0,Uo The companies are
composed of residents of Pennsylvania
and West Virginia and local men, The
combined wealth of those represented in
the companies would exceed, 1t is stated,
S10.GOo.on.
All of the stockholders are interested
in the development of the sections re-
Gently purchased. and will lend every as
sistance in making improvements for the
upbuiding of their property. feature
of the transaction is that a large amount
of the land is directly along the line of
the Baltimore and Ohio railroad.
Elevation of 800 Feet
The land for the greater part has an
elevation of 800 feet above the level of
Washington. giving a beautiful view
being no building permitted in the SOL
diers' Home grounds except for pur-
poses of the home, and as the city at
the present time is built up solidly on the
south side of the home grounds. build
ing operations. it is conceded are bound
to be resumed on the north side of the
grounds. 1t will be seen from this. as
the city has a tendency TO spread north
ward. that no mistake was made in pur
chasing that vast area just north of the
Soldiers Home. The Rock Creek ceme-
terry adjoins the home grounds. around
which the city is gradually building
Twenty acres of the land purchased lie
in the heart of Takoma Park. the larger
portion being on the Maryland side.
The purchase of the Manor Park Re-
atty Company includes about sixtyfive
acres. with frontage of three-fourths
of a mile on the west side of Blair road
and about one-half of mile on the east
side of Blair road, bounded by the Bal
timore and Ohio railroad. The Manor
Park property extends from Lamonds
Station to Quackenbos street and from
Blair read west to 5th street.
The property of the Stotts Park Realty
Company contains about eighty-four
acres. and is bounded on the east by the
road and on the north by Oglethorpe
street. New Hampshire and North Da-
kota avenues when extended will run
across the center of the tract
The Federal Realty Company's belong-
ings include about 50.93 acres. bounded
on the east by 9TH street, on the south
by Peabody street. crossing sth street on
the west side, and Underwood street on
the north, known as the Orlando Gray
tract. The company in addition to this
has purchased what is known as the Mary
II. Ellen tract of 1211 acres, and the p.
w. Williamson tract of 22.So acres, both
tracts being south of Manor Park. The
latter tracts are bounded on the east side
by Blair road. on the west by 4th street,
on the south by Nicholson street and on
the north by Quackenbos street
The O'Hare Tract.
The Chillum Castle Realty Company
purchased the Christopher S. O'Hare
tract. with a few slight reservations. con-
ssting of fifty-four acres. and the James
NJ. Love and NJ. II. Wells tracts. consist
ing of twenty acres. making a total of sew
eHIy-lOuT acres Inc -OTHfeT property is
bounded on the south by Shepherd road
with frontage of one-half mile and
on the east by Blair road. with front
age of three-fourths of mile. North
Capitol street. Oregon. New Hampshire
and Kansas avenues. when extended, will
pass directly through this tract accord
ing to the street extension plans. The
Love and Wells tracts are north of the
OHare tract. The purchases by the Blue
Ridge Realty Company are in the i'm
mediate vicinity of the other property
referred to above, but no figures as to
area are given.
The purchases in Takoma Park. are of
great interest by reason of the fact that