The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-11-10
Election Slows Up Market,
but Winter Plans Are
Made.

A feature of the local real eS-
tate MARKET this week was the sale
of five north side homes at prices
averaging $4,000, according to the
weekly survey of the indianapolis
Real Estate Board.
Although the election acted to
slow the market somewhat, there
was fair activity in real estate trans
actions, according to the report.
Several speculative builders reported
they have sold all houses built, and
announced plans for winter build
ing program.
Deals totaling s70,500 we're closed dur
ing the week by the American Estates
Company. according to Joseph J. Argus,
president.
The largest transactions was the sale
to George S. Olive. Of the home OF Paul
C. Carpenter. $50 Katson road
The home, Of English type brick veneer,
has four bedrooms and two baths.
Buys McNamee Residence
Carpenter purchased his home from
Henry H. McNamee. 1t is an English type
SbuCCOs 1OuI-DGQIOOnlS TWO bathrooms.
at 1903 North Pennsylvania street. Nc
Nance accepted as part consideration a
brick veneer home at 1886 Central avenue.
Sale OF two large north side homes
for considerations totaling s55,0oo, was
announced by Joseph J. Schoen Of the
schoen-Morgan Company. builders.
One Of the homes. -bedroo ms. brick
veneer. was sold to John F. Darmody.
president Of the Darmody Candy Com
pany. for his adughter. Mrs. Edwin Gass
The other. 1881 Washington boulevard. was
purchased by Irwin Berterman. florist.
The Beterman home is OF Colonial type,
Of brick construction, has four bedrooms
and two baths.
Time Schoen Morgan Company has just
completed construction of an English type
brick residence, at $685. Central avenue.
for S. j. Hyer OF the Real SILK Hosiery
Company.
In the last six months the company.
according to Schoen, has built and sold
ten homes. amounting TO $4,000. 1t
now has under construction three homes;
one at 55o5 Washington boulevard to cost
1000. one at Forty-Third and Meridian
streets to cost $4,000. and the third at
seventy-First and Meridian streets to cost
approximately SIS, 900
Develop Golden Acres
Development OF Golden Acres. sub
urban addition of the Grinslade Construc-
ton company two blocks west OF the
Madison road on Stop 6. has been furthered
BY the construction and SAFE of eleven new
homes this year, according TO c. o. Grins-
lade. realtor-builder.
The addition now contains twenty-seven
homes. each with q half-acre of ground,
uniformly fenced.
Those who have purchased homes this
year. and there addresses are: Fred Yoder.
5oe6 Camden street: william A. Davidson.
5O65 Camden street; John Mckinney, 5i29
Marker street; Virgil A. Carter. 50S6
Marker street: Paul E. Creighton. 5l39
Marker street: OrYille stader. 5o5e Marker
street: Frank NJ. Jordan. 5066 Marker
street; Robert Lappin. 51l0 Marker street,
Frank M. Jones, 5o55 Marker street; Arvis
Poole. 5065 Marker street. and Ralph D.
Cox. 5loe Marker street.
An active fall real estate market was
reported by Noble C. Hilgenberg. Of C. A.
Hilgenberg & son. Several properties close
TO the center Of the city have been sold by
the firm recently.
Among them was an alley property, s49
North Pennsylvania street. consisting OF
folrteen-room brick house and lot. 1t was
purchased by Mothershead g. Fitton from
Mrs Sarah L. Schenck for development.
A duplex. 1880 North Delaware street.
was sold to Fred Steinhauer by Mrs. Dinah
Johnson.
Fourteen properties. several OF them in
Schloss Bros. Home Place addition, have
been sold recently by the Schloss Bros
Realty Corporation. according to Lowell
Frazee. Total price Of the properties ap-
proximated $4,000.
Among the properties sold we're a four
room house. 46O6-O8 East Sixteenth street.
sold by M. c. Locke to william J. Withem
for $4,000; the Schloss Realty Corporation
sold to Lester Clay a fve-room bungalow.
336 Lockburn street. for $4,000. and the
Schloss Bros. Investment company sold a
house of similar type, 1913 Lockburn street
to Fred Arnett for $780,
Buy In Emerson Addition
Transactions closed by Frazee included
several properties sold by the Lloyd Build
ing Company. One OF them was six-room
house, 1917 Fisher avenue, purchased by
Robert Williams for $4,000. The company
sold to Charles Alice a six-room bungalow.
6422 West Morris street, for 81, 400. and a
fve-room bungalow, 1641 winton avenue.
to William c. Degener. for $500. The
Lloyd company. in the latter deal, accepted
as part consideration a six-room house at
1922 West Morris street.
Other transactions OF the Lloyd Build