Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-29
REAL ESTATE GOSSIP
Instances of Current Values in
Outlying Land.
THE ACREAGE PROPERTY
District Boundary Lines No Barrier
to Growth
INTO THE ADJOINING STATES
Features Of Mr.. Hornblower's Pro-
fessional Career-Various Matters
of Interest in the Market.
INTO THE ADJOINING STATES

The sale of the country place of
James F. Oyster for $35 600 reported dur
ing the week throws light on current val
ues for outlying property.
AS there are one hundred acres in
:cluded within the limits of the holding,
the price per acre was $3.50. This value
cannot be said to be entirely that of the
'land. There is the dwelling and other i'm
:provements to make it adaptable for a
modern home.
With such an allowance the price paid
may be taken to indicate the tendency
of the market in that direction, and es-
pecially at that distance from the city
rhe estate lies on the old Rockville road
and within a short distance Of the troll
icy. making direct connection with the
city street railway system. 1t is five or
six miles from the city.
Another transaction in the same locality
Is the price paid by the Washington Rail-
way Company for the four and a half
FAR barns. This property lies on the
Rockville road within the bounds Of the
District and near the dividing line Of
Maryland. For that land $3.50 per acre
was paid, which in a general way illus
trates the difference in land values be-
tween properties located in the District
and those lying in the adjoining territory
of Maryland and of property near the
center of population as compared with
that situated farther away
The price of land to the east and along
fhe line of the trolley out Connecticut
avenue and to the Chevy Chase Lake is
an instance of this condition. At the
present time the property along the ex-
tension of the 18th street trolley which
now has its terminus just this side of the
old Brightwood race track is more ac-
lively in the market on account of the
spread of building in that direction.
A Higher Valuation.
The Capital Traction company owns some
land in the vicinity of its car barns bought
sbefore the extension Of the line for the
purpose of providing space for the build
ings which have taken the place of those
On 18th street near Park road. The COM
pany has more land than is at present
needed for its uses, and il is said that
quite recently an offer was made of
5000 per acre for quite a tract, which
was refused
The value placed upon this acreage
property by the company is $4,000 per
acre. OF course. what the owners of
property believe their property is worth
and its real market value may be quite
actually So At the same time this Incl
dent serves to show the advance of prop
erty values out from the center of the
city.
Brow of the Eastern Hills.
Another transaction is the purchase by
j. Walter Mitchell and his wife, Ger
trude. from the United States Realty
Company. of what is known as the Clark
house. on Randle Heights. This property
lies beyond the Anacostia river and to the
north of the extension of Pennsylvania
avenue. where the street railroad runs
to the brow of the hill from the Capital
T-r1 otto IVa ut fteac iSx, 40 %
sylvania Avenue bridge.
In addition to the house. which Is ar
ranged on the broad lines of colonial
days. there Is a group of old trees adorn-
in the purchase with the house. The price
paid was $4,000. The house was built by
Sayles j. Bowen. at one time mayor OF
the city.
The course of things and the ten.
denotes of the market can be traced In
the same way through the record of cur.
rent transactions and in other directions
In fact. throughout the entire area of the
of the urban increase in population are
to be found. At the same time, owing tc
the extension of trolley roads, as well az
the conveniences as they are called. and
also more generally the modern improve.
ments connected with living. the exten,
of the area that is available is beins
added TO. so that the effect on value.
on the outlying as we'll as the in
nificant fact in the present development
of real estate.
The Modern Competition.
The result would. Of course, be quit,
different II there was limit to territorial
growth. But in the case Of this city tn,
hounds of the District have not PROVED
to be such limit and the progress o
population seems to make no account o
such distinctions and crosses over into tn
adjacent soil of Maryland and Virgini;
freely and apparently without check a
least. because of the change in jurisdic
ton.
1t Is thus apparent that not only realt!