The Washington times., 1909-07-24

success Of individual speculations have
paid IN the same proportion as invest
ments on large scale
Conditions existing In the various sub
divisions O. the Northwest should be
considered separately, and, when in
Vestmenls are made accordingly. there
Is little chSnge Of their falling
PetWorth, for instance, affords an IL
lustratiCn OF this.
PetwoTth's Success.
When Petworth was placed on the
market the price Of the land was placed
| high Consequently it was a question
Of demand growing up 70 the Price.
which required time. That the demand
has reached this point, however. has
been demonstrated throughout the past
year, so that Investments made for pure
~ speculative purposes in Petworth on
improved ground stand a better chance
now of being realized upon than ever
before.
In addition 10 this, Petworth IS at
tanning a constant growth in buildings
and improvements which is increasing
the value Of property of all kinds in
the section, and making it one Of the
most desirable residential localities Of
the northwest. IN this section, New
Hampshire avenue, Randolph, and Web
steT streets have especially figured in
the building development of the past
year.
Saurs Addition is another section
which has recorded and is still expert
encinG "a phenomenal building record.
Here the speCulatOT on uniDprOVed
ground. alone, has made big profits dur
ing the past two years, while the build
er, who has catered 10 the demand for
/ detacEed homes. has never had any
trouble in disposing of his houses as
fast as they were completed.
The houses in SaUls Addition range
| IN price from $3.50 TO 5000, and there
are dozen or more OF this type row
/ building. As the ground is high, the
carrying out of an exclusive policy of
detached homes has paid.
At Fourteenth street and Iowa avenue,
[ IN this section, a handsome church
building viii shortly be erected to be
occupied by the Methodist Episcopal
I denomination.
Argyee Park Promising.
Just east Of SaUrs Addition is Argyee
Park, which, at present, is nothing more
| than wilderness. but. swithin a few
years, will be as well built UP as the
addition 20 its west. All the land In
this park has been purchased by indi-
viduals, and the erection Of a few
homes has already been commenced.
/ When city improvements are extended
TO the park, a mammoth building pro-
gram will be Instituted al once by the
owners Of the land.
The grading and matchmaking Of Six
/ teenth street out to the Military road
/ beyond SauIs Addition, is being rapidly
/ carried forward, and this will contribute
no little ia stimulating the values Of
property located in the territory through
/ which it passes
] Two sections in which there are still
numerous chances for investments. are
I Washington Heights and Columbia
/ Heights. In the former. the apartment
/ house has played a conspicuous part In
/ the recent building development In the
/ latter. whole rows Of moderate-pTiced
/ dwellings have been erected, and sold.
! Practically every large builder in
! Washington has operated extensively in
/ ingleside. Here. the record of sales Of
/ unfinished residences has been as large
/ as on Fourteenth street and other sec
/ lions OF the northwest.
/ Inglesidc somewhat resembles Pet
( worth IN the fact that 1t Is now readily
/ realizing prices on unimpTOVed ground
which were asked several years ago.
/ In WOOdley Park, beyond the new
/ Connecticut avenue bridge. I'm Cleveland
! Park and other sections lying between
/ the bridge and Chevy Chase, a large
/ number Of houses have been construct
/ ed during the past twelve months. In
[ the territory between these sections are
( long strips Of rugged country land
/ which will eventually be marketed, and,
/ doubtless, with profit. as villa sites.
Chevy Chase Grows.
| Chevy Chase has experienced a two
/ fold growth, the number of sales here OF
both improved and unlmproyed ground
having been unusually large. Transfers
/ Of unimproved ground in this section
have been larger than in any other in
/ the northwest In number OF the
| sales the sams ground has changed
| hands several times, although always
al a substantial profit. Indications I'M