The Washington times., 1913-06-07
HIGH MARK IS SET
IN RESIDENCE DEAL
Mrs. John Hays Hammond Buys
House of Mrs. G. M. Pullman
for $3.50, 1000.
REALTY MARKET is ACTIVE
Brokers Close 189 Deals in Six
Days. Involving Transfer
Of 355 Lots.

The initial week of June witnessed
the closing of the highest priced resi-
dence sale in the history of local
realty operations. The purchase by
Mrs. John Hays Hammond of the
handsome new residence of Mrs
George NJ. Pullman, of Chicago, for
$3.50. 600. marked an epoch in the sale
Of Washington homes. With the ex-
ception of the Munsey building. the
sale was also the largest of this year
in point of consideration.
Real estate activity during the last
week crowded the record-breaking
business Of the concluding days OF
May, lacking only two sales of equal
ing the years record set last week.
Al records for an opening week of
papers fled in the office of the Re:
corder of Deeds showing gain Of
nearly fifty over the figures for the
first week of June, 1912, which had
season of the year In the history OK
the office. The number of sales eff
fected this week exceeds by ten the
in the frst week Of June. 1912, which
had n wide margin of excellence over
the corresponding early June days OF
previous years.
Close Ise Transactions.
During the past six days the brok-
ers succeeded in closing lS9 transac-
fions, involving the transfer of $50
lots and parcels of real estate. We'd
nesday was the banner day of the
week, having forty-one sales TO its
credit. Tuesday and Thursday were
close at hand. each being credited
There were twenty nine deals closed
on Monday. twenty-five on Eriday'
and eighteen on Saturdays half holi-
day. o5 ,b,.
week TO the lead of the market In The
number of sales. There were l32 par
cells conveyed in that section In the
near-urban district us lots we're trans istns
ferred. The northwest ranked thiro,
with sixty-one lots sold. A dead heat
was run by the northeast and southeast
sections. each having sixteen Iots 70
It's credit. There were twelve lots
The puIiman residence, which brought
the record price for nome. was oulIt
b. Mrs. Pullman about two years ago
on the east side of the Avenue OF the
Presidents, between L and NJ Streets
but was never occupied.
Frontage of Ios Feet.
The property has a frontage of los
feet, with a depth OF 10 feet to a
thirty-foot alley on the north. The
residence contains nine bedrooms. eight
baths, and quarters for, eighteen, serv-
ants, besides unusually large reception
and living rooms.
600, Mrs. Pullman took over twelve va
can't lots owned by John Hays Ham
mond at Twentyfourth and U streets
said to be worth $4,000. The balance
was aid in cash.
Mrs. Hammond placed a trust for
$4,000 on the newly acquired residence
The loan was made bv the National
Savings and Trust Company. and has
three years to run. with interest at
per cent.
Among the sales of business property
concluded during the first week Of June
were GIT z street northwest 92s New
York avenue northwest, 1116 II street
northwest and c street northwest. be-
tween Four-and-a-Haf and Sixth
streets.
Jacob Schwartz purchased the E
street property. Mrs. Florence E. Whit
ford the New York avenue block. and
the F. P. May Hardware Company the
building on c street. Premises l116 H
street which Is at the corner of
Twelfth street. was bought by Ellwood
o. wagenhorst.
Loans Are ssIo,47o.s4.
An advance of 10000 is seen this
week in the money market over the !
volume Of loans in the concluding week |
Of May. The exact figures for the past
week IN loans was sclO1dV-o4- MS sum !
was borrowed on the security Of 2l9
lots at an average interest rate OF Sc
per cent
Nearly three-fourths of the money |
vas advanced on straight loans which |
show an aggregate of $3.50. .4F.25 The |
rum of all the notes given for de- |
forred purchase money was 500. .223 % |
The output of the building association |
vas 800, 500
The largest demand for money came |
from the suburbs. County property !
was pledged to the extent of s4O7 675 50 |
land In the northwest was encumbered |
For S34e930 The record of loans in !
he other city sections was, southeast |
20. ~: northeast, s20,516. and south |
vest $4,000