New-York tribune., 1920-03-14

on Lester Hill for sale. There were
more new homes, but they have beer
sold, and at prices which are below
those asked for the buildings now Of.
fered to homeseekers. IT Is under.
stood that company which has about
300 lots on Lester Hill is contemplate
ing the erection Of twenty new houses
| $4,000.
The six for sale are being held al
prices ranging from $l1,500 to $4,000
Building and labor costs and perhaps
a-:little more carrying cost lifted the
prices of these houses. The man who
has put away $4,000 to $4,000 may ca
up on Lester Hill and select the house
he would like to live in. It's builder
will be glad to hand him the key to the
front door and do everything else tc
make him happy in his new surround.
ings, from which he can survey the
country for miles to the North.
Lester Hill houses contain about
seven rooms and one bath, and are
generally Of the Dutch Colonial de-
sign, such as the house shown in the
above illustration. There is porch
in front, trade door to the kitchen
up the side Of the house. These
houses make q pretty picture, q pic
turc of refinement and comfort. The
floor plans follow the same general ar
rangement. Changes in detail may be
detected, and in the larger and more
costly houses the construction is bet
ter
On tho FIRST floor, the living floor,
are the dining room. living room, kit
chen and pantry. Upstairs are the
sleeping apartments. Provision Is
made for servant. Regular domestic
help could be dispensed with in these
houses, because the houses were built
and arranged with the servant problem
in mind. Electricity Is there to help
the housewife in cleaning and washing
by the most modern methods.
What Ownership VIII Cost
Somewhere in your mind may be
lowering the question, "What will such
a house cost me?" Suppose it is an
$11,60o dwelling that you have selected
and you have $4,000 to pay on 1t. This
$1,000 will be the first mortgage and
$4,000 tho second mortgage. The first
mortgage may remain as q permanent
loan If 1t is 80 desired, but the second
mortgage must be paid off at the rate
of / per cent each month. This
amounts to about $50 a month. The
interest on both mortgages at per
cent would be $540, or about s45 q
month. The taxes on such a house
will total about $165 and the insurance
would be about $45. The entire
charge, including the amortizine paw
ment, would be 5000 for the first year.
which. reduced to monthly basis,
would figure about $3.50.
Across the gulch through which sweep
the electric trains of the Harlem div
ision and the pretty Bronx River. along
which Is being developed state park
way. Is the Ridgewood View section.
which comprises Fischer Avenue land
Sound View Avenue. Further along.
toward the east on this ridge, is the
Carhardt section. The Ridge f1attens
out into Gedney Farm, a place which
should be known far and wide because
OF its early history, it being the farm
OF Judge Willets, whose stock was al
ways feature at horse shows and on
the turf.
Something More Expensive
Houses on. Ridegwood View now
under constyNction are held at higher
prices than those on Lester Hill. Land
on the Ridgewood is more valuable.
and the long established residential
character of the entire section demands
construction OF large and perhaps finer
houses. '''0A
In Fischer Avenue four houses ava
being built. They are right at tLe
line between Scarsdale and tia +n1rn