The Washington herald., 1908-02-09
Big DEALS FINISHED
Real Estate Market Shows
Healthy Activity.
FORTY-TWO HOUSES WERE SOLD
Tracts OF Land Purchased for pur-
poses Of Immediate BuiIdiHg-SmaIi
dFaI Highlands Being Rapidly Pre-
pared for Erection Of Homes

AUF h%NSSAAOA DA AADAntA-
The real estate market has been active
during the past week, in the sense that
a number of large deals that have been
under negotiation for several weeks have
been completed and made public These
transactions are of d kind which con-
template improvement in the way Of
building new houses or remodeling old
business property. and hence viii add
ultimately to the taxable basis of the
District and the general Identification and
enlargement Of the city
The progress which Washington has
made In this direction right through the
period of tight money, alarm in the
stock market and retTenchment in busi-
ness has been most gratifying, and fur
nishes additional proof that investment
in Washington ground and buildings is
looked upon as one of the gilt-edged as
sets of the country, for all the while out
side capital seeks investment in this class
Of property at the Capital.
Buys Homes In PetwOFth.
Among the large transactions Of the
week was the purchase by Gilbert {.
Splitter. through the Offices Of W. II.
Walker, q houses. fronting on New
ark and Shepard streets, Petworth The
price paid for the properties was S2Oo000.
The houses were brought from SwartzeIl.
Rheem & Hensey. They stand at 404 TO
432 and 5l4 TO 552 Shepard street, and at
595 to 81 Newark street The houses are
of the two-story, six-room variety. all
substantially and artIstically built. They
are Of colonial design and form part Of
the best looking portion of the subdi-
vision.
AIr. Splitter has recently erected eight
cen houses near those be has purchased. .-
and an VIII be placed on the market with
In few weeks. Mr. Splitter stated yes
terday that the demand for property in
that part Of the District was so active
he felt sure of the early sale of ali bis
houses.
Bays Part OF sherman Tract.
Another large sale involves the trans
fer Of 22,500 square feet of ground at and
near the corner Of Harvard and Thir-
teenth streets from the John Sherman es-
tate 10 Richard II. Bailey The deal was
effected through the office Of W. II.
Walker. The ground fronts 80 feet on
both streets. Il IS Mr.. BaiIey's intention
10 erect upon the lots nine three-story
houses az an estimated cost Of $3.50 each.
Stone & Fairfax report sale for Charles
". King, jr., Of the new three-story and
cellar brick and stone residence, at Sll5
Sixteenth street northwest just north of
Park avenue. This house contains twelve
rooms and two baths with not water heat
Ing system. Two especial features are
the parquet flooring in the parlOr. reCep-
tion nall, and dining-roOm and the ,ilZg
0f the bathrooms and kitchen TO a height
Of about four feet, which is not only ar
tistic. but appreciated by the purchasers
OF this class of property. The house is
- feet wide and the lot has a depth Of
100 feet TO public alley. The purchaser
pays $1,000.
Mr.. King erected there four houses last
summer. and il demonstrates the wisdom
of a builder constructing substantial.
high-class buildings. which are not only
an Improvement TO the neighborhoOd but
are sought after by Intelligent buyers Of
real estate
Buys Home in Mount Pleasant.
Stone x Fairfalx also report the sale.
for B. E. Poxen, Of the three-story and
cellar brick building at gl1i Fourteenth
street northwest. between Irving street
and Park road. This building contains a
storeroom and two apartments occupied
by tenants at an annual rental Of $3.50
This property fronts seventeen and one
half feet on Fourteenth street aLd is 10
feet deep. and the purchase price is
$10.250. It viii be held as an Investment.
a large purchase Of property reported
last week was that of three squares Of
ground by Harry B. wilson and Harry
Wardman, Of the Matingly estate for
SlO2, COO. The tract is pounded by Four
teenth, Newton. and Otis streets, ard
Hclmead avenue.
II is the intention of Messrs. Wilson
Wardman 10 divide the property into 100
lots, each having a frontage of twenty
feet, with "a depth ranging from sixty to
100 feet Building operations Will begin
about April I. \. II. Beers, architect. will
prepare plans for the houses TO be erected
which Will be Of different sizes, two and
three stories high with six. eight. nine
and ten rooms. When completed they will
be sold from 1900 20 800 each, accord
ing 10 size and location.
The building operations viii be carried
on with the usual energy Of Mr.. Ward
man. and viii result in the development
of a desirable plot of ground for new and
handsome houses.
sales by Moore & Hill.
Moore & Hill have announced the fol-
lowing sales: For J. Tickell to Mrs. L.
W. Long the property at SIS and 5lSla
II street northeast The property is "A
two-family apartment house and will be
held by she new owner as an investment.
To Miss NJ. p. Knight for Mrs. Sarah
r. Hailam premises 2239 and 221 Clevc-
land avenue. These are two six-room
brick houses. and will be held by the pur-
chaser as an investment.
To Karoline Christoph for Mrs. J. p
Hill 1888 Riggs street northwest. This is
a thTee-stOry ten-ToOm brick. with an
eighteen-f0ot frontage. The purchaser will
occupy the house as a home.
For A. i. Summers 10 +. /. COTbin the
property at l01l Monroe street columbia
Heights). The house is a thTee-story. ten
room structure, with a front of Roman
brick and stone. The purchase was made
as an investment.
Activity nt Cathedral Highlands.
One of the most attractive subdivisions
in the northwestern suburban portion of