The Washington herald., 1910-10-02
WOOdley Road Property Is
Sold for $780, 900.
RALEIGH HOTEL REMODELED
PittSbuFg Capitalists to Open Up
New Maryland Suburb-Many Build
sOId-TakOma TO Have Carnegie
ibrary-BiE Loan FIOated.

actions in Washington real estate for the
month Of September just past. including
sales and loans made,Stt may be safely
said that all records have been broken
The month opened up with a decidedly
better outlook than at the same time last
year. and increasing each week, total
of 1880 coo was reached.
The past week has seen sti'l greater
development Rentals have been brisk.
and in bona hde sales, nearly 600 have
been recorded, Probably the largest sale
was closed up when William J. Kehoe
conveyed the property at Twentieth street
and Woodley road. known as the Bristol
School for Girls, 10 the Washington Edu-
cationaI Society. Comprising $4,000 square
feet, of which about 1890 fronts on
Twentieth street, the property spreads
back to Woodley road. and what viii be
Nineteenth street extended. Two hundred
and fifty thousand dollars was involved
in the transaction.
Big Loan FIOated.
In loans, the largest recorded during
the month. and what is probably greater
than any single one ever before contract
ed in Washington. was that the Columbia
Hotel Company amounting to 500. 600.
The loan was made by the Fidelity Trust
Company. OF Philadelphia. and is repay
able in ten years, with interest at 5 per
cent. Bonds in a series of 1900 were
given. 500 Of which are in the sum OF
S1.OOO each, and the remaining 500 for $500
each.
The sum will be used in the transfer
nation OF the old section OF the Raleigh
Hotel. at Pennsylvania avenue and
Twelfth street, into structure in keep
ing with the new addition fronting on
Twelfth street. Together with the i'm
provements contemplated, the completed
structure viii represent. total value
close 10 S2.OOOO0).
In suburban developments. the sale OF
$50 lots in Manor Park and its addition
raised the total TO 425. with a grand tota
Of lots in both city and suburbs for the
week of 572.
Structures RemOdeIed.
The week just past also saw a decided
movement toward the renodeling OF
many structures. both in the residential
section and In that part of the business
city proper where trade is supplanting
former residences. Many of these i'm
prOvements have been made on Connee-
ticut avenue. Business places on this
avenue are much in demand by loca
automobile agency men, and should the
movement continue the former aristo
cratic section OF the avenue may ye
rival Fourteenth street
One such renovation. already com
pleted. is AT 1913. the former residence
Of Mrs. Alexander r Shepherd Walter
Tuckerman. the present owner eXpend
ed about $1,000 in improvements, and a:
a result has an assured rental Of ovel
5000 coming in each year; due, more
over, 10 materially increase in the cominl
years. Across the street a former resi-
dence has also been remOdeled into
series Of stores and apartments, an,
probably commands an equal return.
In connection with this movement ii d
of interest that the residence at 1911 Con
necticut avenue. formerly the home o
Justice Pecl1ham, was sold during tn
past week by the agent Of Mrs. Peckham
z c Brainerd, TO a local investor. Tn
plan is 10 convert the building into
business property. plans for which ar
already being drawn by ]. II. SibouI
The transaction involved about $4,000
New Market Ready.
At Fourteenth street and Park roa
northwest the Arcade Company is rush
ing work on the new Arcade Market. TIL
structure will cover about $4,000 squar
feet. and will provide space for about Il
stalls, about half of which have alread
been contracted for. An annex. nol
building, viii contain a complete refrig
Grating plant, together with space 70
the care of wagons and carts in whic
the produce viii be brought for sale. TIL
new market will be fitted with whit
tile, with a floor OF clear white cement
Among the other important sales of tn
week was that of Harry Wardman, VIII
sold the handsome residence located a
1921 Fairmont street northwest, to JOSEF
Strasburger.
The house is a large pressed brick aa
brownstone structure. containing fftee
rooms and three bathrooms. On the frs
floor there is a large reception room
drawing-rOom, library, dining-room bat
lers pantry. and kitchen. The uppe
floors contain nine bedehambers an
three bathrooms. The entire house
finished in the most elegant manner
many rare hard woods being used, an
most effective and costly scheme O
decorations carried out Mr.. Strasburge
viii occupy the property as his home
While the price paid is not stated. it
understood TO have been in the neighbol
hood OF $4,000. The sale was made b
the n L. Sansbury Company.
Another important transaction OF IN
week was the sale OF the Versatile
apartments on California avenue Just we:
of Connecticut avenue The amount in
volved is understood 10 be close to 900
900. upon which there is return of abou
$4,000 per year. It is understood thu
there is a trust of $4,000 on the bullt
ing. Mr.. Rafferty,. the recent owne
takes IN part payment the large countr
estate OF J. F. Heath. near Norfolk, V;
The estate is valued at $4,000, and il
the intention of Mr.. Rafferty, to make
his home.
The Versailles was built about 81
months ago by Harry wardman. an
contains thirty-four apartments on Il
four floors. A peculiar feature of II
house is that it has no elevators. Thes
are. however. TO be installed by the ne
owner. The property stands in a higl
class section, and near it are group
several large and fashionable apartment
one OF the most important of recel
ventures in suburban real estate is TN
of the Southern Real Estate Compan