The Washington times., 1914-03-28
CLUB BUYS HOME OF
EX!WCE PRESIDENT
Weeks High Total Of $2,000,-
600 in Realty Deals SweIIed
by Government Purchase.

More than 100000 was involved in
realty operations here in the last six
days. More high class properties
changed hands this week than in any
similar period during many months.
The sale Of the Northumberland
apartment by Harry Wardman to VIII
liam J. Kehoe at a price said to be
$S75, 900. was the largest transaction Of
the week. William Hitz. jointly with
J. S. Flannery. as trustees Of the prop
erty at HOO to 1l06 Connecticut avenue.
purchased adjoining land in L street for
S125.0o0 Business property at 923 and
925 Pennsylvania avenue northwest was
bought by sylvester w: Labrot for $780,
600.
Former Vice President Fairbanks sold
his home at 17M K street northwest to
the Washington Club. The considera-
ton was $4,000 in addition to which the
club conveyed to Mr.. Fairbanks Its
former home at 17l0 I street northwest.
Attorney Leon Tobriner bought from
Harry wardman the property at l4o6
Avenue of the Presidents northwest.
former homo Of Col. Anthony F. Lucas.
Mr.. wardman bought the property last
week from Colonel Lucas At q price re-
ported to be $4,000. In part payment
Colonel Lucas took over the Wardman
office building at 1880 X street north
west at a valuation Of $4,000. Mr.. To-
briner also acquired premises 1SoS o
street northwest.
Government q Buyer.
The United States acquired nine lots
in square 2Ils. Just within Observatory
Circle, for S75,0e6. Through Secretary
OF the Navy Daniels the Government
traded q strip Of land along Massa-
chusstts avenue, near the circle. to
A. W. Fleming. W. e. Edmonston, and
William H. Jackson. trustees, for 81 ,lU.
This trade gives the Government title
to all tho land within the circle ex-
cepting q small parcel vaiued az iess
than 5000. Efforts are being maoe 10
The District also inquired as a buyer
In the really market this week. II ac-
ouired 237,2SS square feet OF land for
school site on Newton street northeast'
between Eighteenth and Twentieth for
sl2 900. -.
the week was premises 943 e street
northwest, bought by william +. Ham
and John L. Newbold. The purchasers
recently acquired other property adta-
oent to the new purchase. simon n.
Meyer increased his realty holdings by
buying premises 92 Fourteenth street
from. Charles H. Ridenour and others.
Randolph T. Warwick bought the prop
erty at S2S Ninth street northwest from
Harry Wardman. The cons.derauon
was nominal. These sales are only part
Of the weeks total Of 142 transactions In
which were involved 262 lots and parcels
Of real estate.
Hiif Million In Loans.
The two divisions Of the county ran
dead heat this week in the number Of
sales. Tho outlying suburbs reported
seven,y-eight parcels sold and like
number Of lots changed owners in the
near-urban district. Northwest was in
third place within forty lots to its credit
followed closely by southwest. with
thirty nine lots conveyed. There were
nineteen lots transferred in northeast
and eisht in southeast.
The loan market was slightly beyond
the half-million-dollar mark. The exact
figures we're $573, 1880. This sum was
borrowed on the security Of 33 lots at
an average interest rate OF 5.
Straight loans led the market with An
aggregate OF $363, ,064.S0. The building as
sociationc did q rushing business. put
ting out 3l22i5o The sum Of all the
money was sss,25. County property
YVES most favored as loan security,
being pledged for total Of 1891. TD. l3.
Land in the northwest was encumbered
TO the extent Of $lll,665. The record of
loans in the other city sections was:
Northeast, $48, 8,S35.67; southwest, 1000;
southeast, $3.50.