The Washington herald., 1911-01-08

One Of the most striking features Of
the past weeks business in real estate is
the surprisingly large number of realty
transfers that have been recorded in the
first week of the year. No other. signii-
cance can possibly be attached to this
than that the activity that has been such
a marked characteristic of the last weeks
of 1910 is being carried over into 1911.
1t is also to be noted that the transfers
apply to every part of the city. and that
the number of suburban districts that
are represented are unusually large. 1t
is this general distribution over the city
that forms one Of the healthiest signs OF
the real estate investment market and
one which most justifies the sanguine
forecast of realty men for the coming
year.
The completion and opening Of the Dis
trict National Bank building. the progress
on the McLachlan Banking Company
building, the Southern building. and doz-
ems Of others furnish unmistakable evi-
dence that the growth of the city is both
substantial and steady. Without these
signs of a business growth the erection
Of dwellings alone might almost Justify
the opinion that the development is one
sided. and that too many houses are be-
ing built.
The Surest Of Signs.
But the business growth of the city r.
the true barometer whose readings give
the surest index of the true growth: and
so long as these keep up to anything ap-
preaching the present status, there need
be no apprehension of stagnation or ret
repression affecting Washington.
Apart from these signs. the dealers
report many sales that add materially
to the other testimony cited.
George W. F. Swartzell has purchased
the three-story sixteen-room white stone
northwest from Charles E. Clapp for
sl6.3as.9O. The sale was made by the
James ]. hampton Company, Swartzell.
Rheem & Hensey representing Mr..
Swartzell. The house is one of several
built some years ago by Mr.. hampton
Mr.. Svartzell purchased the house to use
as his winter residence. He will make
extensive alterations before occupying
il. In connection with the transaction
Mr.. Clapp took 36.12S square feet OF
ground in Petworth, at Ss - cents foot.
Gardiner 4 Dents Report.
Gardner & Dent. real estate brokers,
report the following sales:
For Lee Brown to Mary Epelsheimer.
premises at ae49 School street northwest.
The house is a new colonial brick. con-
tanning six rooms and a reception hall.
1t has modern plumbing. and is heated
by hot water. The lot is II feet wide
and 80 feet deep. The consideration was
S, 60 1t will be occupied by the owner.
For Frank Arbuckle, the premises at
So North Carolina avenue southeast, at
the corner of Tenth street and North
Carolina avenue. The dwelling is two
story six-room structure. with bath and
cellar. The lot has a frontage of about
thirty feet on North Carolina avenue
and about eighty feet on Tenth street.
The consideration was about $4.5O0 1t
was purchased as an investment
To ]. W. Ryland, the three-story frame
dwelling at PIP l. street northwest. 1t
contains eight rooms and is under rental
for $3.50. Mr.. Ryland will hold it as an
investment.
Apartment House Sold.
The AlcaZar apartment house. at the
northwest corner of Eleventh street and
Massachusetts avenue northeast. has
been sold through the office Of Moore &
Hill to Rufus E. Boyd. The apartment
is brownstone and brick building,
erected by W. F. Hummer. The consid-
Grafton is withheld. The annual rentals
total 5000.
The principal sale of the week in the
business section was closed yesterday
when Randolph T. Warwick became the
owner of premises HOS E street northwest.
The Oppenheimer' Brothers sold the prop
erty. but the purchase price does not ap-
pear in the deed.
Moses GoIdenberg last week increased
his holdings at the southeast corner or
Seventh and i streets by acquiring part
of lot Is. adjoining on Seventh street the
three houses he recently bought on the
corner Thomas w. Hay sold the prop
erty to George w. Z. Black, who trans
ferred it to Mr.. Goldenberg.
A third sale in the business section in
volved premises rs Eleventh street north
west. near the Palais Royal Robert CAL
lahan. jr.. is the purchaser of the proper
ty. but the price paid has not been an
Cardinal Buys Lots.
James Cardinal Gibbons acquired dur
ing the week three lots in Brookland. No
is made as to the use to
which the property will be put. A slight
increase is noticeable in the loan market
this week over the last week Of 1870 Tho
total for this week amounts to SIS. .Ss3.1j.
secured on 80 lots at an average interest
rate of ST per cent. The interest rate ad-
vanced one-tenth of 1 per cent and
reached the highest point attained in sew
eral months.
New loans constitute the bulk Of the
business with a total Of $15, 5,790.59. De-
ferred purchase money notes aggregate
$50. 1854. while the output of the building
was $4,000.
County loans. attained supremacy this
week with a total of SITS, ,946E. The north
west ranked next with 12s,0s1.66. while
the record of loans in the other sections
shows southeast, $29. 90; northeast, $500,
and southwest, 5000.