The Washington times., 1912-07-13
big REALTY SALES 4
MAKE NEW RECORD
IN JULY BUSINESS
Quarter of Million Dollars,
Paid for H Street
Building. y
HOTEL BOUGHT FOR
TRUST PRESIDENT
General Activity in Buying Dis
trict Properties for Invest
ment and Homes.

with the closing of two sales in the
business section involving 100000, the
transfer of two apartment houses at
prices in excess of $4,000 each and the
completion Of nearly 100 other tram
sactfons, the second week Of July dis
plays a continuation Of the successful
work of the brokers.
This result Is considered almost phe-
nomenal for this time Of the year and
against the handicap Of extreme tor
! ridity and the absence of many specu-
lators and purchasers on vacations.
i July started out with 162 transactions
closed the first week, and a review OF
the business of the past six days shows
that 1853 sales were effected, an increase
Of one over what was looked upon as
a remarkable showing last week.
Big Volume of Business.
While the number of sales effected
this week exceeds the record Of the pre-
ceding week by only one transaction,
the volume of business done more than
doubled that of the first week OF July.
| The past week witnessed the transfer
Of 687, lots and parcels OF real estate as
compared with 2s4 lots, which changed
owners in the first week Of the month.
! In tho matter of loans the present week
shows an advance Of more than 100000
over the figures OF the previous SIX
More than two-thirds of the proper
ty conveyed this week was In the out
lying suburban section, where 49O par
cells OF real estate changed owners. Ihe
northwest ranked next with seventy
SIX lots sold, followed by the near
urban district with sixty lots transfer.
red There were thirty-seven lots SOLD
in the northeast, sixteen in the south
east and eight in the southwest
e.. Principal Sale of Week.
" The sale Of the building at 1915 and
1 l317 II street northwest, Mrs. Emma j.
walter, wife of Frank Walter, was
the principal sale of the week. The
price paid for the property is said to be
in advance of $250.0O0. Edmund K. Fox,
the owner, took over the Montana
apartment house owned by Mr.. Walter
as part Of the consideration.
The next largest sale involved the
Hotel Montrose, at Fourteenth. and H
streets, bought by Annie e. MCQUEEN.
who is reported TO represent Eldridge
e. Jordan. president Of the United
States Trust ero IN sSis
sale was about $175,000 Mr.. jordan
also took title to the residence proper
ty at Eighteenth street and Massachu-
The second apartment house to be
sold this week at a figure slightly In
alvance of $4,000 was the Everett on
H street northwest adjoining the new
II street and Pennsylvania avenue.
Harold A. Lewis, one OF the promoters
of the new hotel, Is the purchaser OF
the apartment house.
Subdivision Sales.
A transaction involving AL lots in
the subdivision known as Blue Ridge
Heights was recorded during the week.
Fred H. Alleman and wife conveyed
these lots to John p. Stuckert. The
consideration for the transfer does not
show on the record.
The latest sale of business property,
effected yesterday, involved premises 7lS
Eleventh street northwest. Theodore
piedrich is the purchaser and Milton
smith was the seller The price paid
was not made public.
The loan market made a strong effort
to reach the three-quarter-of-a-mi million
mark showing a total of $7N,92. SO. This
sum was borrowed on the security of 1S7
lots at an average interest rate Of 81
per cent
The largest loan of the week was for
deferred purchase money on the sale OF
the Montrose Hotel; .1sa Tae soo new e P,nh PuT,
$4,000 Is to be paid in six months and
>s147.500 in five years with interest of
B ger cent.
Straight Loans Lead.
This large purchase money trust
swelled hesum Of deferred purchase
notes until 1t almost reached the total
of straight loans this week. The latter,
however was not displaced from its US
ral position in the van of the market.
Straight loans totaled $685. 122.24 and the
purchase money notes aggregated 1906,
A6009. The output of the building asso-
Citations was SIS, 400
Northwest property was easily the
choice security OF the week, loans on
land in this section reaching $497 465,
County property ranked second with a
total Of $1S1 ,976.60. The record Of loans
in the other city sections shows: North
east, $2a65S.33; southeast, $1s,5Oo, and
southwest, $5,32.50.