Evening star., 1926-12-04
REAL ESTATE
CAPITAL ONE OF THREE LEADING
CITIES IN REAL ESTATE VALUES
Shares Honor With San Francisco and Chi
cago, National Survey Shows-Resi-
Dental Properties Among Best

The splendid stability Of Washing
ton real estate values. particularly
residential properties, has been no
more forcibly illustrated than in the
recent national survey of residential
realty values made by Russell A.
Chaplin, prominent realtor of SAINT
Monica, Calf. This survey indicates
that Washington stands in the lead
with two other cities. Chicago and
San Francisco. in the point of real
estate values compared with other
cities.
The survey indicates the desir ability
of Washington as a residential city
and the values of residential property
bold by local home owners. The max
4mum value of residential property is
found to be 81 900 per front foot.
The following information was COM
piled for the purpose of ascertalnlng
the maximum value which strictly
residential properties have attained
throughout the United States. and the
figures apply to sales actually made.
as furnished by real estate boards
cha mbers of commerce. and apprals-
ers in the various cities named.
In gathering the data, corners and
special pieces of ground as well as
all income producing properties were
eliminated, so that the prices given
refer ONLY to inside lots. Zoned or re-
stricted solely for residence purposes
and located i'm cities of more than
100 900 population.
Some Unusual Conditions.
1t should be noted that In Few
cities certain unusual conditions pre-
vail which tend to raise values some
what above normal. For instance,
San Francisco has a very small area
suitable for high-class residences on
account of it's being built upon hills.
hut what is available is exceptionally
desirable and commands prices IN
proportion. In Rochester none OF the
best section Is vacant or for sale.
b,lt ground there would bring 5000
per front foot if offered: the best OBJ
tainabie in S220 per front foot.
Reading. Pa, property Is not zoned,
and although the 'unwritten law
nrevents business use in certain locali-
Tics. the possibility that any property
NAV become producing doubtless In
creases it's value. Scranton's avail
able residence district is quite limited
owing to the fact that all ground sur
rounding the city is controlled by coai
c0mpanics and is not usable for Sub
divisions. Cleveland, Ohio. includes a
district possessing certain special
features that result in values OF
$500 per foot. although $3.50 is the
maximum figures for such of it's prop
ertv as we are considering.
Figures for New York City are not
included on account of the metropolis
being really an aggregation Of cities
and conditions there being such ttSt
a comparison would be of no practical
value. Boston. Richmond. and some
others have no zoning ordinances or
restrictions in force and must there.
fore be disregarded.
Aside from the above it seems that
all the cities in the following list may
be looked upon as conforming to the
same general conditions.
Comparison Of Cities.
In cities where the ground is sold
entirely by the square foot. stand
ard lot of 125 feet i'm depth was taken
a. basis in arriving at comparison
Of front-foot values.
1870, I9d5o
Albany y Y $4,000 $1,000
Atlanta. Ga. --o.oo 'oooV