The Washington herald., 1920-09-26
REALTY SALES
SHOW ACTIVITY
Gardner & Dent Repor,
Fifteen Separate Realty
Deals in District.


houses recently constructed. Two
stories and cellar, eight rooms, two |
baths, and modern conveniences.
Consideration, sl2,750. Purchaser
will occupy it,
House at S14 Buchanan street,
purchaser being f. H. Wine. Sold
for Winfield Preston, builder, the
consideration being sl1,S50. 1t is
one of a row of new houses recently
built by Preston, containing eight
rooms, two baths, garage and other
oonveniences. 1t was purchased as
a home.
Mrs. Lawrence Purckases Home.
Mrs. Rosa Lawrence purchased No.
S06 North Carolina avenue south
east. 1t is a two-story, eight room
brick, the purchase price being
5000. 1t was sold for Mrs. Mary j.
Byrd and was purchased as home.
Mrs. Grace L. Davis and Robert
f. Davis sold to Henry II. Lewis
lOl5 Rhode Island avenue northeast.
1t is two-story, semi bungalow
containing six rooms, bath. occupy
ing a lot 40X100. 1t was purchased
at a consideration of $500. The
purchaser will occupy it. i
A. c. Mellicampe purchased 1888
Garfield street from r. II. and Helen
A. Cresl. 1t is a twO-story brick
containing ten rooms, two baths,
modern improvements. The consid-
GRAFTON being s12,5OO.
Mrs Annie f. McCouchie has pur-
chased premises $50 columbia road.
a two-story and cell.S brick con-
tanning modern improvements. 1t
was sold for Mrs. Annie B. Abbot at
a OnSidaration Of 81 600
Northeast House brings $500.
+. w. Junta sold premises l24S H
street northeast through the same
real estate office. the consideration
being $500. The purchaser. Mrs.
f. V. Holmes, will hold it as an
investment
Mrs. Maude A. Faunce purchased
| 1924 Twenty ninth street. 1t is a
two-story and basement brick CON
tanning eight rooms and bath with
/ modern cOnveniences. The purchase
| price is represented as being $500.
! 1t was purchased as a home.
Mrs. 5. Levin disposed of premises
24O2 Pennsylvania avenue northwest
through the same firm. 1t is de-
scribed as a three-story and base
ment brick containing ten rooms
and bath. 1t was purchased at a
! consideration of S6,5OO by Mrs. ). Z.
! cunningham who Will occupy it.
Miss Levy Buys Home.
Miss Rachel c. Levy was the pur-
| chaser Of premises 1851 Shepherd
street, the consideration being Sll,-
\ 600. 1t is modern two-story brick
containing eight rooms and two
| baths with other conSeniences. It
was sold for J. NJ. and Martha Bru-
nett. It was purchased as a home.
House No. 72S Fifth street north
east is another sale reported by
the same office, having been sold
| for Margaret Lanahan and Ruth
! NJ. kennedy. the consideration be-
| ing $500. This is three story
| and cellar brick dwelling with
| modern convenienCes. 1t was pur-
chased by E. w. Junta. who win
| occupy it,
House No. sos Seventh street
! northeast, a two-family apartment,
| containing five rooms and bath on
| one floor and six rooms and bath
on another. was sold for Geo +.
Lee as an investment. The purchase
| price was $4,000.
House No. 1850 Parkwood place
recites the enormous increase in
taxes, the oppressive rent laws re-
Gently enacted. the burden of rapidly
! increasing taxation. and continues:
The income tax on mortgage in
terest is drying up the sources of
mort gage money and creating
grave situation both as to business
and residence construction.
Between January l and July l of
the current year nearly 100000. 900
has been assigned by holders subject
to the tax to holders not subject
A questionable sent out recently by
the Real Estate Board of New York
to prominent attorneys revealed the
fact that little new money is coming
into real estate and maturing mort
cages are not being renewed Leg
islation eXempting the interest on
mortgages from the Federal and
state income tax on the entire prin-
lcipal sum must be enacted.
How are Congress and the State
Legislature to be convinced of this,
If not by the intelligent. energetic
effort of those most concerned-the
corporate and individual holders Of
our great buildings.
Every owner of real estate is in
lterestcd in these matters. The bet
! ter informed are gravely concerned
about them. They realize that
serious situation exists - one that
threatens the investment value of
real estate, and they would like to
be helped in this grave crisis, for
individually they are helpless. Only
by cooperation and by helping to
perfect the existing machinery for
representing them in New York Citk
at Albany and at Washington, can
lthis be done.
The Real Estate Board of New
York proposes to provide this help
lif corporate and individual owners
lWill do their share.
1t is developing new class of
membership. known as sustaining
members, comprising those who have
large property interests who, be-
cause their interests are large, have
much al stake; to whom ill-adjusted
! and over -burdensome taxation and