The Washington times., 1916-10-28
Transfers Of Property Reach
Value of More Than Two
Million Dollars.
DRESDEN SALE IMMENSE
Luther A. SWartzeII Is Recent
Purchaser of Fontanet
Courts.

real estate valued Mt nearly 2,WOOOO
changed owners during the fourth week
OF October. The volume of trading was
easily the best of the month. although
the number of transactions IL slightly
below the record OF the preceding week.
The striking quality of the sale. how
ever, made up this deficiency.
The purchase of the Dresden apart
menst, at Connecticut avenue and Kalo-
rama road. for $4,000. was the chief
transaction of the month and one OF
the largest sales In Washington for
many weeks. The transfer of Fontanet
Courts. at Fourteenth and Fairmont
of 100000. was another notable feature
Of the weeks trading. Several other
apartments were sold and another
transa action involving city and county
property valued at $4,000 was effected.
The best showing in the weeks activ-
ity was made on Monday. when thirty
five deals were closed Wednesday
ranked second. with twenty-six sales to
its credit. followed closely ny Fridays
business of twenty-five trades. There
were twenty-one sales reported on Tues
day and twenty sales each on Thursday
and the half-holiday of Saturday.
Suburbs Most Active.
Involved in the weeks total of 1I7
transactions were 302 lots and parcels
of real estate. The outlying suburbs
outdistanced their competitors I'm the
race for the supremacy of the market.
An aggregate of 1876 parcels changed
owners in this section. The near-urban
district was in second place with forty
lots conveyed, followed by the north
west with thirty-four lots transferred.
There were twenty-four lots sold In the
southeast. eighteen In the northeast
and nine In the southwest.
The American Security and Trust
Company, as trustees for the b. II.
Warder estate, purchased from the
Washington Loan and Trust Company,
trustee, the Dresden apartment at Con-
necticut avenue and Kalorama road for
$4,000. The Dresden was erected seven
years ago, and contains sixty-four
housekeeping apartments. 1t is one OF
the most handsomely equipped apart
ment houses in the city.
Luther A, Swsrtzell Is the purchaser
of Fontanet Courts at Fourteenth and
Fairmont streets, by deed from John II.
Davis. The consideration Is not made
public. but the conveyance was subject ~
10 encumbrances aggregating $2s4,oo.
Purchases Stone Dwelling.
Mrs. Jane Isabelle Mcdonald pur-
chased last Tuesday the handsome
stone dwelling at 1894 Massachusetts
avenue northwest. at Sheridan circle.
The deed names only a nominal price.
but the property Is subject to trust
for $4,000.
Luther A. Swartzell also took title
TO properties valued at $4,000 In
connection with the sale of the Dres-
don apartment to the Warder estate.
This conveyance included Alliance
farm, near Georgetown. a number OF
lots in Armsleigh Park. and the two
city properties. lo7 sixth street norsnt
'west, and 100 IWehtS-nlth stree'
northwest.
The Belgrade apartment. at Eight
zenith street and Florida avenue. also
h la
Staples is the purchaser and he Is
said to have paid $43, 100 for the build
ing. The Exeter apartment at 1882
y street northwest was soid ny Sohh
nominal consideration is stated In the
The Central Building Company.
Eighteenth street and Pennsylvania
avenue northwest. bought additional
property this week extending its hold
2ngs to include the c corr OF G and
acquired from Virginia n. Wood. but
the price is not stated.
Advance of $4,000 Shown.
An advance of $4,000 is shown in
the loan market this week over the
business Of the third week of October.
The exact figures for the loans Of the
past six days were 1901. 1859 This
sum was borrowed on the security of
348 lots at an average interest rate of
b.6 per cent.
Straight loans had a distinct call
OF the market showing an aggregate
OF $327.59S.3S. Building associations
advanced to members $106,ll6. The
sum of all the notes given for defer
red purchase money was S67.981.14.
County property won highest favor
as basis for loan security being
pledged for a total of 1855, 700.62. Land
in the northwest was encumbered to
the extent of s102.s51.76. The record
OF loans In the ether city sections
S19.35O. and southwest, $4,000.