The Washington herald., 1911-01-29


the winter prevails in all sections of the
city. Investment sales are frequent.
= Home building and buying is continuing.
Suburban property is taking on greater
interest az spring approaches. Business
property in sales. building. and improve
ment has been conspicuous. Some i'm
portant transfers of high-priced resi-
dences and apartment houses are also
included.
Tho question of values, both actual and
relative, is likely to receive more than
ordinary scrutiny in the near future by
reason OF the attack on the methods of
valuation that has been made during the
week in Congress.
Meantime the sale is as active as ever,
and brokers report sales that compare. in
number and in size. we'll with those of
the same period In other years.
Stone & Fairfax Report.
Charles w. King, jr.. has purchased
through the Office OF Stone & Fairfax
the plot of ground at the southeast cor
ner Of Thirteenth and Fairmont streets
northwest. containing 1900 square feet,
at 81 a square foot.
There is a frontage Of 15O feet on Fair
mont and 100 feet on Thirteenth street
Mr. King Is planning to erect six houses
on this property. The ground is one of
a few still remaining unimproved in that
vicinity
The sale Of two Columbia Heights
houses is reported by Stone & Fairfax
The two at 111s and Ills Girard street
were sold for H. ]. Mattern for 3
each. The houses are 25 feet wide and
contain ten rooms and two baths. George
Stewart has sold the ten-room house at
1IoS Twenty-flrst street for $500. thu >Igh
the same Office.
Sold Three Times.
One Of the important transactions in
local realty during the week was the
sale by Willige. Gibbs & Daniel, real
estate brokers, Of the business prop.
erty at S02 X street northwest, the sale
being made for the owner, Louis Auer-
bach. of New York. This property. which
is directly opposite the Public Library
is improved by four-story brick build
ing. with a urniture store on the first
floor and modern three and four room
apartments on the upper floors. 1t oc-
c'1ples lot twenty-three feet wide and
1G5 feet deep. with a fifteen-foot alley in
the rear. 1t is understood that s320 900
was paid for the property, a prominent
Seventh street merchant purchasing it
as an investment.
This particular transaction serves we'll
to illustrate the marked advance in
realty valIcs in this section Of the Capt.
tai City. since the same property has
been sold three times in as many years.
each time by the same brokers, Willise,
Gibbs q Daniel. and each time at a ma
USerial advance on the former price In
the nrSt instance. three years ago, 500 K
street brought only So, 900, but a short
time later it was again placed on the
market, and it found a ready sale at
$500. A still further advance of $500
in value is indicated by the present sale,
since II was made at a price of $1,000
Willige, Gibbs & Daniel report un-
usual activity in realty in the vicinity
of Seventh street and Massachusetts,
avenue, since they have three large
transactions under way at the present
time in that locality, in addition to the
sale of so2 X street.
More Building Plans.
w. P. Lipscomb & Co. this week
commenced the construction of a four
story residence for John Henry Purdy
at 11o3 Nineteenth street northwest. The
house was designed by ]. H. de Sibour,
and is estimated to cost $4,000
Mrs. William F. Downey. through her
agent, J. Leo Kolb. has awarded a con-
tract to Peter Fersinger for the erection
OF two six-room brick dwellings at 1910
and 1ol2 Fourth street northwest to cost
about $1,000. Mrs. Downey is building
the houses as an investment
Mr.. kolb reports the sale this week
OF the two-story eight-room dwelling of
Andrew Gleeson. jr., at 1914 North Capt.
tol street, to John G. Mcmahon for S. 600. |
On Monday morning Harry Wardman
Will begin the erection of eighteen SIX
room houses at Perry and Fourteenth
streets, in the Holmead tract, after plans
by A. H. Beers. architect The houses |
will be built to sell a, $3.50 each.
Mr.. Wardman is optimistic over the |
market for homes. He said to-day
that he started Z e construction of thirty |
four houses only three months ago on |
Parkwood place. the street next south of |
Perry. and that since then he has sold !
twenty-six Of them at 5000 to $3.50
each. For the past three weeks the |
record of his sales of houses has aver
aged nearly one a day.
Stone & Fairfax report the sale Of the |
property at the northwest corner Of
Seventh and H streets northeast The |
improvements consist of a substantial
two-story building. On the ground floor |
is storeroom used as a drug store. The |
building Is heated with hot water and is |
leased for term OF years. The consid- |
Grafton was $4,000. The purchaser, |
Thomas NJ. Mooradin. will hold the prop |
erty as an investment
Stone & Fairfax state that they have |
had considerable inquiry for property on |
H street, and at no time have the stores |
on that street been so well rented No |
doubt the doing away with the railroad
crossing and the location Of the Union
Station has helped H street in a business
way.
In Cleveland Park.
During the past week the sale was
made by Moore & Hill. Inc. real estate
brokers. Of the residence at sn2S Newark
street. Cleveland Park. the purchaser
being DR.. c. w. A. Veditz. The dwelling
is of frame construction, and is two
stories in height. 1t contains eleven
rooms and bath. with a wide central
hall on the lower floor and the library
and parlor on opposite sides at the front
OF the house. The house stands on a 10,
fronting 90 feet on Newark street and
extending to . depth Of $50 feet It is
the intention OF Dr. veditz to make ma.
teriai improvements in his new home
among the features which he has planned
being miniature roof garden The sale
was made for Mrs. Ella B. Sherman.
and 1t 10 understood the consideration
was 5000.
Property that 9ells.
Gardiner & Dent, Inc. real estate
brokers. report the sale for E. ].