Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-03-06
gestions and as stimuli In the same diret
tiop on gala days in other places.
Sale of an F Street Corner.

gestions and as stimuli In the same direc-
tlon on gala days in other places.
Sale of an F Street Corner.
The sale which was made public during
the week of the property at the northwest
corner of 10th and F streets is an indics-
ton of the investment character of th'
market rather than of its speculative
tendencies The price determined upon
| bore, 1t is understood, direct relation to
| the net income which it yields. In this
| case that basis was easily known. as
the lease now In existence has long
terms of years to run.
| The character of the property was also
| fixed and unless great changes occur In
! the immediate vicinity in the near future
it is thought there will not be much va
| ration in this particular. The tendency
| in such centers as F street has become
| is for property values to settle down for
period during which no marked change
takes place. Seventh street is a marked
instance, and the recurrence of periods
| of speculative movements in the prop
| erty along that thoroughfare and the
| changes made in the character of the
improvements and the occurrence Of other
| things which affect values are well known
| In the history of that street.
1t Is thought that such a period came to
street property some time ago.
As to G Street Property.
along G street. and it is In evidence by
the transfer of property and the active
buying. especially of corner property.
1t may be said that the present level of
prices is quite equal to and In some cases
exceeds those which marked the last
active market. The buying at present is
| not based so much on the current earning
capacity of the properties as on their pos
sibilities for the future.
/ Just now the oldtime structures along
this street, for the most part, are still
| in use, but as one result of what is now
going on and the change being made in
| the ownership of the holdings improve
| mentS will be made and in most cases
new buildings will be erected The earn
| ing capacity of such structures will for q
! time at least determine property values
| The same condition exists in regard to
| property in the newer business section to
| the north and the west, along II street
| and 18th street. In other words the
| town is growing, and that fact is brought
out in the changes which are going on
| in the business section of the city, pre-
cisely as it is shown in the outward
course of the closely built up residence
sections.
Dwellings as an Investment.
The investment movement was brought
out by the transaction closed during the
week by Stone & Fairfax. They sold to
William Murphy for the Edwards estate
a row of seven three-story houses on
East Capitol street between 18th and 14th
sTeelS The price paid for each was
abou, 5000. or about $}s. 800 A deed
was placed on record yesterday by which
| Mr.. Murphy transferred the. property to
Cardinal Gibbons.
Sale of Residence.
! WiliGe, Gibbs & Daniel. real estate
brokers. have sold for James r. Ellerson
| the two-story brick dwelling numbered
| 132 18th street, between f and + streets
southeast. The house has six rooms and
occupies Il lot eighteen by ninety feet
Ilt is understood that $3.50 was paid for
the property. 1t is the intention of the
purchaser. Melvin H. Belts, to hold the
/ dwelling as an investment.
Improvements in Alexandria County
The rapid growth of Alexandria coun-
ty, Va, is destined to continue for some
time to come" said Mr.. w G.. Collins.
real estate operator at Clarendon Va,
the other day. Land Is being subdi-
vided into building lots and homes erected
thereon SO fast that we are going through
u veritable boom. This growth is not
confined TO any particular section, either.
In Clarendon and vicinity one builder
alone is preparing plans for nine dwell
ings of the most modern type-hot
water heat, bath, etc: Plans are also
! being drawn for a $4,000 Masonic hall.
"A schoohouse is being put up on the
top of the bill from Rosslyn, while the
county school board has invited bids for
a schoolhouse site at Clarendon. \ ST.
600 brick building for business purposes
is also about receiving its finishing
touches at Clarendon The erection of a
town hall is also being seriously dis
, cussed, while the Citizens Association
: will soon erect u fire engine house. We
[ also expect two additional church edi-
! fees to go up at Clarendon before the
year Is out.
The other sections OF the county re-
ceiving the benefit of this great activity
2 are Cherrydale, Dominion Heights, Ball
{ stor, Park Lane, Arlington and Potomac.
S OF course, the major part of the building
as being carried on along the electric
railroads. The chief reasons for this
/. growth are the close proximity of this
r section to the city. cheap land and SPLEEN
: did transportation facilities