The sun., 1919-10-26
HOME HUNTING JOURNEYS TO THE SUBURB

t1nding nome these Gays Is
science Finding one that is economical
and ut the same time honestly con-
structed and conveniently situated Ia
ultra scientific. 1t is almost an art
Since values have risen phenomenally
within the last nine months the majority
of buyers-and that takes In most or
those who have been forced to buy In
order to provide a roof over their heads
are looking for accessibility to New
York without paying exclusive prices.
In this instalment of THE SUMS home
hunting series the reader is asked to
inspect house and location that is al
most on the eyebrows" of New York SO
to speak, and yet Is as quiet and Sc
cluded as though ii were twenty miles
away. The house contains seven rooms
and bath and overlooks the Hudson
River. 1t is Of hollow tile and OF stucco
construction. The price, including the
land, is $500. The lot is so by 100 and
is valued at from $1,000 to $4,000. ac-
cording to its nearness to the river and
Its charming view
The colony of 5000 inhabitants was
developed several years ago. 1t mas
oiled, macadamized streets sewers, cleo
trio lights, three graded schools and
high school of artistic design. The
streets are shaded with natural oaks and
chestnuts, and the entire setting Is that
Of natural wood but without an ex-
cess of shade. 1t is within forty-five
minutes of the West Forty-second street
ferry, with a 10 cent one way fare. 1t
Is within one hour OF Cortlandt street
by ferry.
The house shown In the picture sold
land and all, In 1916 for about $4,000
The builders are now completing sew
eral others practically Identical, and the
actual cost OF the house itself Is about
$500, which Is exceptionally cheap in
view OF present prices. One of the
items Of economy which help to make
this possible is the fact that the granite
foundation material is all local. that is
1t Is taken out of the cellar excavation.
A source of Economy.
| Another item which enters into the
chea pness OF construction Is the fact that
the builders. father and son, have spe-
oialized for years In building stone and
cement houses. The son is the architect.
| The owners of these houses will ac-
cept 20 or rs per cent. cash and take
back a mortgage on the building and
loan plan to be liquidated. interest and
principal. at the rate of l per cent a
| month.
on the basis of $1,000, a 20 per cent.
cash payment amounts to $1,000. The
! balance is $500 which at / per cent. a
mcrth is s76. half of which is ap-
piled on principal and the other half on
interest.
Putting the monthly carrying charges
in an itemized fashion they will appear
about as follows:
SOSt. .........H -sS,oUVUU
Cash down .........,........ 10000
Balance go. ............-... 100000
Monthly interest at ! per cent. 1900
Faxes (monthly) ... ....... $50
| Total OF monthly overhead. 80. $3.50
! Being of eight inch hollow tile and
| stucco, the house resembles certain
extent a thermos bottle, and is prac-
tically alright. Therefore 1t is easily
heated in winter and resists the absorp-
ton of heat in summer. The heating
system is either steam or hot water and
about eight or nine tons of coal a year
are required.
Insurance rates are low, amounting to
not more than 81 a month. The taxes
are about $50 a year, which is compare
lively high for this township because of
1 the fact that a number of school bonds
are being paid of. Normally the tax
on this house will be $50, probably In a
| year or two.