The Washington times., 1915-03-20
WEEKS REALTY SALES
REACH 100000
Brokers Conclude ISL Transac-
tions-Best Loan Market of
Year.

More than 81, 900, 900 worth of real es-
tate changed owners in the third week
Of March. During the past six days
the. brokers concluded 151 transactions.
In which were involved 675 lots and par
cells of realty One sale was made at
a consideration approximating 100000.
The United states Government paid out
nearly $25o,0oO in acquiring eight sites
within the Plaza area, and many other
deals were consummated raeging in
price from $500 down to a few hun
dred dollars.
The loan market made tho best show
Ing last week of the new year. The
weeks loans exceeded S650,O00, and dis
played an advance of more than s150,00O
over the figures for the second week OF
March.
Trading was brisk throughout the
week, Saturday alone showing any in
clination toward a slump. Tuesday was
the busiest day of the week. having
thirty-siX sales to its credit. Monday
trades. followed closely by Wednesday
with twenty-seven deals and Friday
with tWenty-six sales completed. There
were twenty-four sales reported on
Thursday, and ten on Saturday.
Suburbs Lead Market.
The bulk of the weeks trading was
In the outlying suburbs where 49S par
cells changed owners. The near-urban
district was in second place with nifty
four lots conveyed, followed closely by
the northeast. where tifty-one' lots were
sold There were forty-four lots traded
in the northwest; fifteen in the south
west, and nine in the southeast.
The highest-priced sale of 1915 was
closed this week when the Rock Creek
Corporation of Maryland became the
owner of Blue Ridge Heights, a tract
containing AL lots and lying north of
Rittenhouse street between Twenty
ninth and Thirty-second streets, near
the District line at Chevy Chase. The
consideration is said to have been early
100000. which is the largest investment
In suburban property made in the Dis
owned by the Blue Ridge Heights Com
pany, which transferred the property
to Henry D. Ensor Mr. Ensor then
conveyed to the Rock Creek Corpora
ton.
The new owner Immediately en-
numbered the property to secure a bond
issue of $225,000 There are to be issued
4bo bonds of the par value Of $500 each
payable on March 1. 1925. and to bear
interest at the rate of per cent pay
able semi-annually. The Central Trust
Company of Maryland is named as
trustee.
Plaza Site Purcase.
The largest purchase yet made by the
United States in the Plaza site ac-
questions was recorded during the week.
rOI d. SlOl,0JU the Gov
ernment took over the holding of Sam
uel Mcdowell in Square 6S0 The prop
erty was formerly occupied by a largo
warehouse and several small dwellings.
1t is located OH North Capitol street, be-
tween Massachusetts avenue and E
street northeast.
The Plaza commission also approved
an allotment of s56,401 to Francis S.
Sarmody for six lots owned by him at
Massachusetts avenue and First street
northeast. These properties were also
conveyed to the United States this week
The former home of Bourke Cochran.
of New York, at Sixteenth and o streets
northwest. figured in the weeks trading
For consideration of So, 900 Mrs. Coch-
ran. who held title, conveyed the prop
erty to the Hillard Construction Com
the title to Isaac T. Mann.
For $25,Voo Ellen NJ. Morse sold to
Eugene c: a. Reed the Leonard apart
ments at 142 w street northwest. Other
sales at good prices included premises
4s2 to 1856 Louisiana avenue, bought by
klchard S. Wolfe from Helena Pullman
Tor $2l.ooo; an apartment at 2544 Four
teenth street northwest sold by z. c. A.
Reed to Ellen NJ. Morse-for $4,000, and
premises 14lS Twenty-first street north
vest: purchased by Rosalie NJ. Adams
Tor S2,S00.
Best Loan Market.
The property at Seventh and l. streets
northwest made vacant by the destruc-
ton of the Saul building in the storm of
July. 1913, was sold this week by Clar-
cnce T. Norment, trustee to Robert F..
Eurks. The consideration is given as
sI 800. Mr.. Norment, as trustee took
title to two houses on Ninth street be-
tween NJ and N streets northwest and
another at 1902 N street from Mr. Burks
at a valuation of $14,1OO.
The exact figures In the best loan
market of 1915 were 1854 ,SO1.23 This sum
was borrowed on the security Of 167
lots at an average interest rate OF 81
per cent.
Straight loans predominated with a
total of 1884 $50 l.. The sum of all the
notes given for deferred purchase
money was s7S,369.1l. The building asso-
Citations advanced to members $i7.
County property was most favored as
basis of loan security during the
week, being enCumbered to the extent
of $495. .609.70. Land in the northwest
was pledged for an aggregate Of $106,
700 The record of loans in the other
city sections was northeast. s2s, ,33l. 50;
southeast, s2o,510. and southwest. S., 80