The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1916-06-10
Hundred and Seyenty-one
Transactions Closed During
Week lust Ended.
SUBURBAN PROPERTY SOUGHT
Sale Of Cordova Apartment
Heads List for Period, With
Hotel Annex Second.

Decided Improvement. both In guam
tity and quality. over the operations OF
the past four weeks was noticeable In
the real estate market for the first full
week OF June.
One sale approached the szv.Uvo mark.
two more we're in excess of $4,000 and
several other valuable properties
changed owners in the past six days.
In closing III transactions. in which
were included 1l lots and parcels or
real estate, the brokers excelled the
recent activity of the market and came
near equaling the record-breakinS busi-
ness OF the opening days OF May In
that week l15 deals were erected. in
volving 1871 lots.
The past weeks trading was rather
evenly distributed, Monday showing TO
the best advantage. with thirty-three
sales to It's credit. Thursday ranked
second. with thirty-one deals, followed
by Friday, with its record OF twenty
nine trades. Wednesday and saturday
were tied. with twenty-seven sales; and
twenty-four deals were reported on
Tuesday.
Suburban Property Active.
Outlying suburban property continued
to have the call of the market. but by
a much diminished margin. Ihat sec
ton was the scene OF the transfer OF
| eighty-nine parcels. while the near-ur-
ban district was in second place. with
seventy-eight lots conveyed.
Northeast and southwest properties
were in demand, and both these Sec
lions had the distinction OF SURPRISING
the trading in northwest property
There were ftfty-four lots transferred
in the northeast. forty-eight in the
southwest. and only forty-two in the
northwest. There were ten lots sold ir
the southeast.
The feature OF the weeks trading
was the Cordova apartment. at Twen'
! ticth street and Florida avenue north
west. which was sold by Charles II
| Davidson to Elizabeth n. Carleton
The price, as indicated by the encum'
brance and revenue stamps. was slsS.'
Wood: Dom q Deming. architects. II
is built In three sections. and covers ar
area of about 5000 square feet
| The building contains thirty-eigh,
suites OF apartments. ranging from
two rooms to seven rooms and bath
each. the largest apartments being OF
the duplex type. A feature OF the
building is the roof pergola: from which
Is obtained a magnificent panoramic
view OF the city to the south.
Uarage property SOlu.
Another important sale OF the weei
involved the property at the northeast
corner OF Seventeenth and You streets
northwest. formerly occupied as q
garage. James E. Baines pur
chased the land from the deGeofro,
brothers for a price indicated at SIS, 900
| The property has a large frontage OF
both streets. The deGeofroys took IN
part consideration for the property tn,
three houses 1929 to 1873 s street north
west. valued at $4,000.
The Occidental Hotel Annex at 14l
Pennsylvania avenue northwest was sol,
again this week. The price from tn,
record appears to have been $50. 000 Johl
F. Wilkins who bought the propert!
only a few months ago. transferred 1
TO Harry n Kite.
An advance OF about 100000 Is note,
in the loan market over the record o
the previous week. The exact figures Il
loans OF the first full week OF June ar
$534, 504. SO. This sum was borrowed oil
the security OF 202 lots. at an averag
interest rate of 81 per cent.
The bulk Of the weeks loans was o
the straight" variey, which totale
$3.50. $50. The building associations ad
vanced to members $50 $50. The sum O
all the notes given for deferred pur
chase money was $69,004.96.
County property continued as basi
for loan security, being pledged for a
aggregate Of s31s,204s6 Land in tn
tent of s135.S77. The record of loans 4
the other city sections was: Northeas
335, 200; southeast, so, 500. and southwest
, | So0 Ao3