Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-09-01
< STREET PROPERTY VALUES
SHOW GREAT RISE IN DECADE
steady Growth of Business Area Re-
vealed-Assessments Increase IN Some
Cases 800 to 800 Per Cent.

, ly SIT square foot six or seven years
AGO, or the equivalent of $3.50 foot
under the present 100 per cent assess
ment plan, ana in 1878 was assessed
at between $50 and $35 square foot
Certain interior lots mot corner lots)
on the north side of K street between
Fourteenth and Fifteenth streets were
assessed for the fiscal year l917-l8 at
81 a square foot. or at the rate OF Sc
foot under full valuation assessment
and in 1928 at $40 square foot
Property on the south side of the
street was assessed 10 years ago al
$3.50 to Sd square foot, or from SS.-'
to So with adjustment OF the ngure &c
100 per cent assessment, wnue the lul,
value assessment during the last nscaI
year was $2l to 500 square foot.
A corner lot in this section was as
| sessed 10 years ago at $24 a square FOOT
as abused to the present fun value as
sessnent plan and for the year l921-e
at $40 a square foot.
Certain interior lots on the north
side of K street between Vermont ave-
nue. and Fifteenth street were assessed
10 wears ago at $5.62 as adjusted 10 the
present plan and for the past tiscal year
at SIS square foot, the assessment
schedule books show.
Rise of S44 Foot.
A corner lot on the north side OF
Fifteenth and K streets was assessed
10 years ago at So foot as ADJUSTED
to the full value plan, while last year
the assessment was $50 a square foot.
Certain interior lots on the south SIDE
of K street between Fifteenth and SIX
tenth streets were assessed IN 19l7-l8
as adjusted to the present full value
plan at $3.75 to $3.50 square foot ana
last wear at 500 a square foot.
corner lot at the intersection OF
Fifteenth and K streets was assessed ~
wears ago at SO a square foot as al
iusted and last year at $50 square
foot
x street property. of course, does not
have the highest assessments or SAFE
values of any IN Washington, STATISTICS
show although the appreciation In val
ues there during the past 10 years prob
ably is greater than most any other
similar section of property in the Dis
trict.
Property on downtown F street, for
instance. has. higher assessed values.
Corner property at Thirteenth and +
streets last year was assessed at GAO
square foot and similar land at the cor
ner of Fourteenth and F streets was as
sessed at SITS square foot.
Close Downtown.
One leading reason for the apprecl-
alton of K street values is its proximity
and availability to the congested older
downtown business section which was
forced into expansion by the STEADY
growth of the population ana business
needs of Greater Washington.
A chart of assessments on DOWNTOWN
business property would show rise on
a line starting on Seventh and NINTH
streets running west on + and @ streets,
north on Fourteenth and Fifteenth
streets and west on K street The trend
to the north on Fourteenth and FIJI
tenth streets. IL was pointed out by one
rffciaI observer this week, was caused,
in mart at least. by the position OF the
Treasury Building and the White House,
which block expansion OF private busi-
ness westward on r and @ streets ana
New York avenue in this section. Tflts
the trend continued north on Four"
teenth and Fifteenth streets TO K street,
1t was explained.
This trend has not stopped at K
street, 1t is also pointed out, the increase
in values having spread farther norm
on Fourteenth and Fifteenth streets,
Vermont avenue and, leaping across the
residential classification on sixteenth
street to Connecticut avenue, where
there has been in recent years tran
sition from one-tirne residences TO spe-
cialty retail shops, office buildings and
apsrtrnerlt houses,