The Washington herald., 1915-07-11
REALTY TRADING
| HAS GOOD week
Despite Holiday, 20l Parcels
Are Sold, Mostly in the
Suburban District.
CARDINAL BUYS TRACT
Bates Warren Gets Permit to Build
100000 Apartment House at
2l29 Connecticut Avenue.
BUYS TRACT

Although hundreds Of property owner
and brokers left the city early in tn
week to take advantage Of the indie
penoence Day holiday, realty trading en-
Joyed comparatively good market 1,
practically four days, 119 transaction
were completed. involving POI parcels .
real estate. Although this is below tn,
tlmlstc. recalling the traditional spur
the market is accustomed to take late
in July.
The holiday spirit had disappeared com.
pleteiy by Friday. when thirty -one sales
the record for the week. were recorded
Brokers express the belief that the
volume of trading for the remainder OF
the month will equal. II not surpass
that or previous midsummer months.
Thursday also was active with twenty
nine sales. Wednesday witnessed TWEEN
weight, yesterday nineteen and Tuesday
! twelve.
! Suburban Districts Prominent.
Suburban realty figured in nearly half
! the volume Of the weeks trading In
the near-urban districts twenty-nine lots
| changed hands. In the northwest Sec
! ton thirty-two deals closed twenty
, seven in the northeast, fourteen in the
, southeast and eight in the southwest
The suburbs also furnish the largest
| sale or the week. For a consideration
! OF $4,000, tract of seventeen acres
| lying north of Longfellow street between
Seventh and Ninth streets northwest. was
acquired by the National Capital Realty
Company from the Vinson estate The
| property is to be subdivided and placed
on the market as part of the subdivision
known as Longfellow Terrace
James Ca .dinal Gibbons, archbishop
of Baltimore nrfcha nf Ion
in Patterson street. Chevy Chase. near
the Catholic church of the suburb. for
s.lp The property was in the hands
Of the Chevy Chase Land Company The
property bought by John NJ Henderson
in Fernwood Heights for $4,000 is to be
improved to the extent Of $4,000 He
purcha sed the ground from the Newlands
company.
Building activities suffered another
slump during the week. judging from the
permits issued. There were several opera
lions In rows of houses of the investment
type and one permit for the erection of
an apartment house Phillips Sager
secured a permit to erect eight two
story brick homes at $50 to 81 Irving
street northwest. The homes will cost
in the neighborhood of s1s,5o0 and will
follow the usual plans of dwellings
erected by these brokers.
Will Build 100000 Apartment.
The building feature of the week was
the issuance Of a permit to Bates War
rem to build a seven-story apartment
house at 2RS Connecticut avenue north
west. Mr.. Warren expects to erect the
most palatial apartment in WASHINGTON,
planning to invest about $500 900 in the
project. Marble decorations in the sew
eral suites will be a feature, the archi- |
tects say.
Within a month. operations will be
started on the third section of the
threelcornered apartments in Clifton |
street between Thirteenth and Four |
teenth streets northwest, known as the
Wardman Courts. The new. structure |
will be at Thirteenth and Clifton |
streets and will complete the singular
arrangement. The wardman Courts
represent an expenditure of about |
100000.
The holiday spirit of the early part
Of the week was reflected also in the
money market where a decline of
nearly 100000 from the previous week
was suffered. The exact amount loan
ed was $3SS.325.1S. This sum was bor-
rowed on the security of 16S lots at
an average interest rate of 81 Der
cent
The majority were straight Noans.
being pledged to persons owning the
placed as security The sum
Of all the notes given for deferred ,
purchase money was $S0,127.44 l.