New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-23

properties Tor sale are between $4,000
and s25,000 Being. the popular price,
the call is greatest for them, and natu-
rally better terms are demanded from
homeseekers than are being asked by
those who are holding homes in the
market at from $4,000 to $4,000.
New Houses $11 900 to $4,000
The cheapest new house cannot be
had for less than S11 1000. The highest
price asked last week for a new house
was $4,000. 1t must be borne in mind
that builders have not been active in
Ridgewood. Money has not been plen-
tiful enough for building purposes. and
it was just as WELL because material
was not and is not available in guam
tity. The prospects are that material
supplies will not come into the Ridge
wood district in quantity for some
time-at least, that is the opinion of
builders, expressed through real estate
men.
The building and loan association
cannot commit itself to any more loans
for new buildings, because it has
reached the limit in this direction.
Banking interests in the town do not
seem to be keenly interested in real
estate. The belief is that other securi-
ties of merit have attracted this money.
Private capital has backed home build
ing and home buying in Ridgewood
better than organized capital.
Town of Home Owners
There are 1,600 families in Ridge
wood and all but 16 per cent of them
are home owners. New houses COM
pleted and sold during the last six
months have added, perhaps, another
fifty families to the list of property
owners. There are still fifteen dwell
lngs, brand new houses in the market,
There are as many in the east side of
the town as in the west, the division
being the railroad station, which was
completed several years ago at cost
of s380,00o by the people of Ridge
wood and the Erie Railroad.
New houses in the east section of
the town will be found on Leroy Place,
South Irving Street and in the Stevens
estate out toward Hohokus, which is a
suburb of Ridgewood to the northeast,
just as Glen Rock is to the south. The
Leroy Place houses are bungalows of
six rooms and two baths built of field
ton is short distance from the sta
ton. The houses are modern in every
respect. In the cellars are laundres
operated by electricity. There are three
houses of this type and they are suf
ficlently advanced to permit the owner
promising occupancy in a few weeks.
They are held in the market at $4,000.
On South Irving Street are five
homes of designs that appeal strongly
to most folks seeking places in the
country. White faced, with imitation
matched roof, long overhanging caves,
eyebrow windows, attractive doors, old
fashioned chimneys of brick or field
stone, these houses make a very attrac-
tive picture of comfortable American
home life as they stand against fresh
green fields and blossoming trees.
The five houses have been erected by
a corporation for the market They are
being offered at $4,000 to 500, 900. Two
or three of the houses are ready to
occupy. The others will be in the
hands of the buildeys for several weeks
more at least.
Frank Stevens is building a number
of homes on the Stevens estate, which
is on the highway to Hohokus. Several
families willing or ready to invest
$4,000 to, say, $4,000 in home and able
to pay upward of 500 month can Sc
cure attractive homes in this estate.
Equally as much can be said of the
new construction in the west sections
OF the town. There are not so MANY
houses there, however, as over bevond
the station. They are held in the
neighborhood of $4,000, one quarter
OF which must be paid down in cash
Greatest Choice in Old Houses
Houses of an older period are to be
mad In this section in large numbers.
ihey are of every character of design.
and range from small to large with
spacious grounds and outhouses. On
Goodwin Avenue, for instance. is a $50
QUO home which real estate men saw
Is we'll worth the money 1t has more
than dozen rooms and stands in a
large tract of land laid out by land
scape architects. Twenty thousand
dollars in money will buy it.
Cheaper houses are not excluded
from the Goodwin Avenue section, which
- one of the fine streets of the town.
Virtually within a stones throw of the
$4,000 house is one for $12,50O. It
is on Walnut Street and is, indeed. a
charming little home of the semi-bun-
9alow type. 1t is on a plot of we'll
Groomed land and has vines creeping
up the porch and around the heavy
stone chimney.
On Monroe Street is house COM
plcted about year ago for a newly
welded couple who now are forced, be-
cause of business, to locate in Phila-
deiphia. They are Offering their house. !