The Washington times., 1917-04-07
TRADING IN REALTY
UNAFFECTED BY WAR
Opening Week of April Marked
by Volume of Transfers That
Exceeds Expectations.

Spring trading in Washington real
estate continued active despite the
war cloud. With the sale of the site
OF the new Crandall theater at Tenth
and F streets northwest for a consid-
citation of S450, 900; transfer of three
apartments for s175, 200, and the COM
pletion Of 131 sales the business OF
the opening week of April far exceed
ed expectations.
That local real estate continues to
be attractive to investors was exem-
plified in a recent auction sale of
thirty-two houses in different sections
fthe city belonging to the estate of
T. d. Daily. Daniel W. O'Donoghue
and Michael J. Keane. trustees, re-
ported brisk bidding and remarkably
good prices. About 100000 was re-
ceived for the estate.
The most remarkable price was for
the frame store at Thirty-sixth and
Prospect streets in Georgetown. The
building fronts twenty feet on Thirty
sixth street and seventy feet on Pros
pect street and was assessed at 81 ,050.
The bidding started at 81, 500 and ad-
vanced by bids of $25 each until
$4.725 was reached, when Auctioneer
Weschler knocked the property down.
NarrOwest Business Building.
The purchase of the Crandall thea
ter site marks the passing of Wash
ington's narrowest business building
at 519 Tenth street northwest. 1t is
only ten feet wide. Included in the
transfer were premises 932, 934, and
936 F street, and 517 to 529 Tenth
street northwest. Charles c. Calhoun,
he
berg were owners Of the property
conveyed.
John l.. Warren sold the Mintwood
Apartments at 1869 Mintwood place
for $4,000. The Wilton. at 1925 Sew
enteenth street northwest, was ac-
quired by ]. w. Moulden for S45 900.
and the Walraff, at 3Q25 Fifteenth
street northwest. was purchased by
Della G. Smallwood for $45, 500.
Included in the weeks record OF
131 sales were 239 lots and parcels OF
real estate. Wednesday was the
busiest day of the week, with 20
sales. followed by Mondays showing
of 2S deals. There were 25 trades
day of Saturday, 16 on Tuesday, and
IL Thursday.
Outlying Suburbs Lead.
The outlying suburbs outdistanceo
competitors in the race for the SUI
premacy OF the market, being the
scene OF the transfer of 95 parcels.
The near-urban district was in sec
ond place with SO lots conveyed
There were 45 lots sold in the north
west, 10 in the southeast and 16 in
the northeast But one lot changed
owners in southwest Washington.
A gain OF nearly s150000 is shown
in the loan market over the business
of the last days of March. The ex-
act figures in the loans OF the open
ing week of April were $I61 ,SSS.S5-
This sum was borrowed on the Sc
curity OF 173 lots at an average in
terest rate of 5.S per cent
Straight loans predominated with
an aggregate OF $451 ,21S.6S. The
sum of all the notes given for de-
ferred purchase money was S264,-
47O17. The building associations ad-
vanced to members S46.20O.
Northwest property retained favor
as a basis OF loan security. being
pledged for a total of 447,I33.6S.
Land in the county was encumbered
to the extent of $2T4,160.17. The
record of loans in the other city
sections was: Northeast, S25,945;
southeast. S11.65o, and southwest,
$4,000.