The Washington times., 1910-08-20
AUGUST IS LEADING
IN REALTY DEALS
Loans and Sales Reach High
Mark During One
E Week.
DRESDEN PURCHASE
MOST IMPORTANT
Title for Apartment House Rests
With Washington Loan and
Trust Company.

With q record Of loans IN excess OF
S1oOG000 and the closing OF the sale OF
the Dresden apartments, at Connecticut
and Kalorama avenues, for S4S7,959 the
third week OF August bids strongly for
supremacy IN the annals OF real estate
operations for 1910
Surely no week this summer can boast
such a record and il was surpassed by
few weeks in The busiest spring months
Much has been written OF the sale Of
the Dresden, ths largest building Of
this character II the city and probably
The most preteuti0ns undertaking OF
Harry WardmaH, the builder At first
no Information was obtainabIe concern
ing the 2 -rchaser; later, Robert II
FeetherstOle, OF Philadelphia. was
named as the buyer. but the record dis
closes that the Washington Loan and
Trust Company has taken title IN trust
for the contributors to the purchase
money The names OF the persons for
whom the trusJ company holds does not
appear f-m the E,aDers-
TrGst On Property.
Before conveying 10 the trust com
pany. Messrs- Wardman and Bones, who
owned the property, placed a trust Of
S255,0o0 on It The balance of the pur-
chase money Is said to have been made
up BY the transfer 10 Wardmau and
Bones Of forty-one improved lots IN
Ingleside- Tve-ay-nine OF these houses
are UhTee-stOTy dwellings on Iugteside
avenue 1914 10 1S1o. inclusive Eleven
or them have twelve rooms each and
are located on E,-Elteeurh street. in
Guiding Nos 5l5S, 3I6l, 1853 1854 1913 and
800 and premises No. 1873 kIb0urne
street
1Ir. WardmaB's operations this week
were not confined 10 this sale and
exchange he purchased thirteen lots
at Belmont road and Nineteenth
street and LWeDJy-giE lots IN West
HOlEead Manor He also sold a. house
on Chaplin street, between Fourteenth
and Fifteenth streets
These numerous transactions anE
others In the vicinity placed the near
urban district Tar IN the van OF com
pletcd sales this week The record
shows Ia lots changing hands in
this section, more than half Of the
total of SIC lots sold during the past
SIX days The suburban section ranks
next with SiE-E-OUc lots, while the
city proper shows sales of fCrLE-oua
lots in the nOrthveSE- nineteen each
IN the northeast ana southeast ana
four IN the southwestern section
In Business Section
The only sale this week in the buSI-
ness section involved premises $40
Thirteenth street northwest. adJoIu-
ing the new building Of the Mutual
r Ire insurance Com pauT, at New
York avenue The price paid was
$1O,500, and the purchaser was VII
liam r DOnneIly. The sale was made
by Raleigh Sherman, administrator,
IN closing the estate OF Catherine
FTOe-
Proof that moderately priced houses
can be sold at any season Of the year
II this city Is given by the experience
OF Jefferson Cral-e. VINO this week
sold three properties for a price az
lives in the West because the local
climate does not suit him. paid D visit
here without any intention Of diEUOS-
ing OF his holdings Offers were sub
mitted and promptly accepted.
Among tho CraIIe sales was the old
Emery mansion at Third and e. streets
northwest where At CraiIe made his
home before going west The sales IT.
clu1e premises 3l1 and 60 O. street. and
the price paid was about S31,HsL
More Than Million.
Loans o. the last SIX DAYS aggregate
eraEe interest rate OF "a per cent Loans
by persons already owning the property
pledged amounted 10 SIS. r5- Deferred
purchase money notes IOtaled SlEf TO- -
and the OUTPUT of the building dS51Cia-
ticns was S54,f5s
OF course. the lions share of the loan
business came from owners Of county
properties. which were mOrtese cd 10 the
the loans for the week were distributed
as follows NorthwaS-. Sl61. SO north
east 55--f5h- southeast SlS15l, and the
SCTFt hTy est. SO. 40