Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1919-02-15
REAL ESTATE IN CITY
INCREASES IN VALUE
Number OF Residences TO BE
Built. Renewed Assurance OF
Some Apartment Houses
MANY TRANSFERS MADE

Building activities on scale larger
than Annapolis has known for years
is predicted BY contractors and real
estate men With the var only
memory and all restrictions OF many
new and beautiful homes will soon be-
under course Of construction here
An idea of the scope of these opera
tions was given 10 the Capital today
by Charles II Lee. real estate broker
,.I have sold fifteen lots in Murray
Hill within the past few weeks said
Mr.. Lee today These desirable home
sites have brought high prices. rang
ing upward from $500 10 twice that
amount II is my understanding that
new and beautiful residences viii be.
luilt on All Of them
Record Tear Predicted.
Iii. Lee declared that the real es-
tate business was one that WAS not
waiting for the signature Of the Ger
man government to the final draft Of
the peace terms and predicted q rec
ord year in the sale Of home sites and
new residences.
This opinion Is based on the greatly
overcrowded condition of the city and
the desire Of many who are now rent
Ing to own their own homes.
Asked II the value OF Annapolis real
estate had advanced appreciably. Mr..
Lee said that II had jumped within q
scar from 25 TO 40 per cent and that
III ,s-,.,s Iffs ssf.t,yI rfY higher
No Drop In Rental Prices.
Rents which are also up In the air,
are n8t expected io decrease material
III. at least, for some time to come.
Landlords can command good prices
from tenants who seem willing TO pay
what they are asked There seems to-
be NO doubt iii the minds Of many that
1T is only d lack Of housing facilities
that ii holding many back from locat-
ing ln Annapolis
Sales announced today by Mr.. Lee
included the Edgewater property By
William A. Calder and wife. 60 Carl
Gustafsorl. This property fronts on
South river and state road leading
from Camp Parole to South river
bridge. Charles NJ. Treadway and wife.
have sold their brick dwelling and
property at 20s Duke Of Gloucester
street to Mr. and Mrs. John B. Wells
The Wells have been tenants IN this
home for the past III years
William A. Cadle has purchased an
acre of ground from Charles Lee In
Edgewater and will build at once
The j. #. Christopher farm at Sap
pington station has been purchased by
John Urban. The farm consists OF
eleven acres, improved dwelling and
necessary ontbuildings
apartment Honses Assured.
From d source which the Capital Isl
not at liberty to reveal It has been
learned that local man Is now en-
gagged In trying to secure an option on
some vacant property adjoining simi-
lar property owned by gentleman
Iii baltimore, for the purpose Of erect
ing apartment houses thereon
These apartment houses are 10 be
og modern type III every way and II is
expected the rental asked will be very
moderate The information given IS.
to the effect that there is absolutely
no question but that these apartments
viii be built. II the particular piece
of property now being sought cannot
be secured then one Of d number Of
others which are almost equally de-
airable will be purchased. The in
formant states that work on these
buildings will undoubtedly begin Inn
mediately with the coming of warm
weather.