Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-21


It is interesting to note that the av-
erage rate of increase over this period
for all properties fronting on Connecti-
cut avenue between K street ana
Dupont Circle was 386 per cent. The
increase for all properties situated on
the east of the street in this section
was All per cent. The gain on the
west side was SOL per cent.
Above Dupont Circle, on Connecticut
avenue, and as far north as Florida
avenue, the increase for all properties
was 81 per cent The east side in
crease was GAL per cent and the west
side increment was 281 per cent.
In computing these figures due al
Iowance was made for the change in
basis of assessment from tWo-thirds OF
the value of property to 100 per cent
of the value, which change took effect
after 1922.
Assessment figures for 1929-30 in
dictate that the areas of highest assess
ed values are located at Dupont Circle,
at the junction of Florida avenue and
Connecticut avenue, and below Dupont
Circle, around the corners of K street
and Connecticut avenue, and on the
east side of the avenue, from K street
to M street. The seven pieces OF prop
erty On Connecticut avenue with the
highest assessed valuation per square
foot, are the southeast corner of M
street, $50 per square foot; the north
east corner of L street, $40; the north
east corner of DeSales street, $40; the
northeast corner of K street, $38; the
northwest corner of K street, $37; the
northeast corner of N street, $35; the
northwest corner of L street $35. Five
Of these corners are located on the
east side of the avenue and two
of them are on the west side. All seven
parcels are situated south OF Dupont
Circle.
Square 80 Heads List.
The square having the greatest in
crease in assessed valuation for prop
critics fronting on Connecticut avenue
Is square number 90, situated between
S street. Connecticut avenue and
Florida avenue. Inasmuch as this
square contains but three lots facing on
Connecticut avenue, more representa-
tive example of increase, it is asserted.
would be square numbered 159, which
faces Connecticut avenue between M
and N streets on the east side of the
street. The indicated increase here
for the period was 523 per cent.
There has been much discussion re-
Gently as to the relative rates of growth
in property values of F street frontages
as compared to those of Connecticut
avenue. While it would take an eX-
to determine the facts with any de-
gree of accuracy, it is interesting to
know the results of a comparison made
of the growth in assessed valuations OF
the seven parcels mentioned above,
between 1908-9 and 1929-30, and the
increase in assessed valuations for the
same period, of the seven pieces of
ground fronting on F street, whose
l929-30 assessed valuations, per square
S00t uJern tho biphect for that cpptiOO
Comparison of Valuations.
Total assessed valuations for the
two groups for 1908-9 were compared
with like valuations for 1929-30, with
the result that it was shown that while
the F street properties had increased in
assessed valuation three and one-half
times, the Connecticut avenue 'front.'
ages had increased a little over six
times. This is but general indica-
ton.
1t is pointed out, however, that this
does not mean that these Connecticut
avenue properties have greater square
foot assessed values than the F street
properties. The comparison is a rela-
tive one, denoting rates of increase over
this period In fact, the highest square,
foot assessed value on Connecticut ave-
hue is $50, while on F street the high
est is $185.
Commenting upon the survey, John
P. Story, jr., said: 1T was not difficult
to establish the fact that Connecticut
avenue values are increasing; and at
what rate, but more puzzling, was the
problem of determining the nature of
the development that is taking place
on this street and what it's future trend
is likely to be. To aid us in a consid
Grafton of these matters. we took an
inventory of all the stores located on