The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-09-24
NORTHWEST SITES
IN GREAT DEMAND
Building Beyond Florida
Avenue Makes Market
More Active.
BIG LOAN IS MADE
ON 7. NJ. g. A. BUILDING
Purchase of Residence by Former
Commissioner mcfarland Also
Reported This Week.

The extensive building operations in
the northwest just beyond Florida
avenue. have created a demand for
building sites in that vicinity. and
have been the means Of placing on the
market vacant property that has been
for many years awaiting advancement
in prices.
sale Of this character, involving
5000 feet, was closed during the past
week The land is at the corner of
Twentieth street and Belmont road,
and has been In the Goddard family for
twenty or thirty years. The price paid
- is understood TO have been between
$4,000 and $4,000. The property was
purchased by a syndicate. including
District Assessor William P Richards
The new owners may make extensive
improvements Mr.. Richards took title
to the tract in his =, a name
Former District Commissioner Henry
3. +. MacfaFlaGd purchased a new
home this week AZ lbs Eighteenth
street, facing Connecticut avenue. The
property fronts twenty-five feet, with a
depth Of 100 feet and is improved with
q substantial Ihree-sJOry. brick house
William Gordon Crawford held the title
as executor for an estate. and the price,
81. 009, was In cash 10 the estate.
Loan 10 Y. NJ c. A.
The largest loan made this week was
for $4,000. furnished by the Mutual
Benefit Insurance Company, Of Newark,
N J This loan was made TO the Young
Mems Christian Association or its G
street property, and was in adjustment
OF a former enCUmb-anCe on the build
ing The association reserves the right
20 pay $4,000 annually in reduction OF
its debt for four years and the balance
OF S10o.O0O in five years. 1t Is 10 pay in
terest On the debt at - per cent
An increase Of nearly 80 per cent is
noticeable in the number OF lots sold
during the past six days as compared
with the volume OF business for the
preceding week A comparison OF the
loan market for the same period shows
an advance Of 10 per cent this week
Two hundred and eighty-three lots
changed owners this week, Of which
ninety-seven were in the suburban sub
divisions and seventy-seven in the near
urban district Within the city proper
the northeastern section experienced a
boom. showing q total OF hfty-three
lots sold. as compared with ffty-six in
the three other sections combined The
northwest ranked next with fOrty-thTee
lots, while twelve lots were sold in the
southeast
In the Southwest
In the southwestern section only one
property, % G street. was transferred
this week although the same house
was twice sold during the week The
property was early in the week bought
At a trustees sale and yesterday re-
sold.
The leans for the week exceed the
half million maj X, tOtaIing ssh .IU7-I5-
This amount was borrowed on the Sc
Curity Of 194 lots, at an average interest
rate OF al per cent, a decrease Of one
tenth Of I per cent from the average
Interest Of the preceding week
The bulk OF the money went for loans
on property already owned BY the Dor
-rOweTs- These amounted to S3zS 2I5 s.
The deferred purchase trusts aggre-
gated Sl47 $50 =, while the building as
sOciations advanced 70 members 49, SEQ
The owners Of northwest property
demanded S230,33 Of the weeks OUTPUT.
while county property vas pledged for
s2-4-2s565. In the northeast S4s.IT5 was
loaned and In the southeast 81 IS 30
The total loans IN the southwestern
section amounted 20 S3,033.