Evening star., 1909-06-25
Land on the Avenue.

Lduu Ou Lie x1NChuC.
Now as to the avenue front. as l
stated yesterday. l have taken into con-
sideration the sales of 800 and 9o2 Penn
sylvania avenue northwest. known as the
oyster property. This property was sold
for s65, 600 at an average of $26 per square
foot with improvements and $1I.1o with
out improvements, allowing the assessed
valuation for the Improvements: 90S10
Pennsylvania avenue, which was testi-
fed to yesterday was sold for 100000 In
1905, or at the rate of $l1.5U, including
Improvements; deducting the improve
ments as they are assessed would leave
the value of $3.50 for the ground The
sale of ~ Sand $50 Pennsy lvania ave-
nue. northwest was for $4,000, or about
$40 per foot, including improvements;
deducting the assessed valuation would
leave the price of ground S493. or about
81 per foot This sale took place about
eighteen years ago. but | simply cite
il to show the increase in value ON that
block. / also testified to the sale of
eight business houses. four on Louisiana
avenue and four on street, known as
3,3-937 -9S9-941 b street northwest, and
34i-946-94S-9J0 Louisiana avenue, as a
business center between 9th and 10th
streets. l sold these properties in 1907.
at the rate of ST. per foot, including
improvements. We all know what Louis
lana avenue is business center be-
tween 9th and 10th streets and on B
street. / also took into consideration
the present site here. the District build
ing, sold at the average rate of about
81 per foot. Now, if you take an aver
age on all these places. you will find that
the average price is about ST., per foot
including improvements, at the rate
of $40 per square foot without improve
ments. Now this, in my mind, takes in
about the choicest properties on the
south side of Pennsylvania avenue. |
have not included i'll this the price of
Col. Staples property. the Regent Hotel,
at 81 per foot, which he paid, the
Cornwell property, at s6.10 per foot. |
bee property sold in 1902 for just about
what it worth, the price being
| s24.O0O, or about sl165 per square foot.
including improvements. My valuation
on this is Sl3.10. with improvements. So
you will notice in summing up that my
average per foot on Pennsylvania ave
| nue. is over s16, and runs from sl256 10
about SO per square foot, while the
toned which include improvements is
about $500 per square foot
Values in Square 226.
Mr.. Schwartz's valuations upon each of
the sixteen parcels in the square We're rs
follows:
Parcel ]. Chase's Theater-$2JO, 900, or
S1o per square foot with improvements or
ST per square foot without improvements.
dlCtl HeStHl ploptitS
or sl6 per square foot with improvements
or S12 per square foot without improve
ments. Parcel ), Cornwells property at
14l2-1i1S Pennsylvania avenue-S1IO,O0o,
improvements or $40 without improve
ments. Parcel 1, 14l0 Pennsylvania ave
nue-S30,OOo, at the rate OF Sl5 per square
foot with improvements or SO per square
foot without improvements. Parcel ,,
14oS Pennsylvania ayenue-S15, 800, at the
ra q nf St.I ne foot with -
ments or $40 per square foot without i'm
provements. Parcel q, l4Ol-l4W Pennsyl-
vania avenue-S2I, 900, at the rate of Sl3.oU
per square foot with improvements on sic
without improvements. Parcel 1, l1O.
Pennsylvania avenue-S1I,oUO, at the rate
of $50 per square foot with improvements
or Sl2 per square foot without improve
ments.
$4,000, at the rate of 50 per square
| foot with improvements S23 per
| square foot without improvements.
| Parcel s. JO6-5oS 18th street. occupied
by the Darby Printing Company-s75,OoO
at the rate of Sl6 per square foot with
improvements. or $40 per square foot
| without improvements. Parcel To- ID.
| 18th street-$21 900. at the rate of $12 per
square foot. As the building is of wood
| no value was placed on il by the gov
ernment witness Parcel IL, 500 14th
street-S220oo, at the rate of SO per
| square foot.
Parcel L. 1io3 r street-SI 500. at the
| rate of S6 per square foot. Parcel f3.
private alley. four feet wide and o6a
| feet long, 81 300 Parcel Ia, 14o5 T. street
| .-Sl0S:SI, at the rate of S6 per square
| foot Parcel Il, 1407 l. street-S11, 200 at
/ the rate of So per square foot. Parcel 16,
140-li-l:; +, Street-SSo.oo at the rate OF
ss per square foot. with improvements,
or 81 per square foot without improve
| ments.
The commission adjourned to meet next
| "Wednesday Ii is expected that all the
| testimony in the proceedings will be in
! when adjournment is taken at that date.
/ Mrs. Katherine knisely. wife of Will