Evening star., 1937-06-16

boAii poiCo Will VIC lDISC IIltillOtS
maintained by the average city, it is
not difficult to see why the District
Of Columbia's assessment organization
enjoys an excellent reputation.
Current Realty Transfers.
In this study extreme care was ex-
ercised in eliminating purely involuI-
tary sales-ie., those cases where
there was an unwilling seller and an
unwilling buyer. Voluntary sales, as
heretofore stated, reflect the true mar
ket condition existing at present, also
fulfilling the legal interpretation of
the District laws that property be
valued at not less than its full and
true value in lawful money. To in
clude other than voluntary sales
would be placing different value on
true market conditions and the result
would present a distorted picture. All
sales induced by forced liquidation
foreclosure of trusts, settling of in
cumbrances, estates, etc. were elm
mated. Transfers to the United
States Government were eliminated
because in nearly every instance it
appeared the seller obtaind a higher
price than he would have otherwise.
Sales to few peculiar businesses We're
not included because it appeared that
the seller was taking advantage OF
the need of the buyer. In this class
were transfers to liquor stores, gaso-
rfo 81
to members of the same family. or
where there was evidence of a close
relationships short, wherever it ap-
peared that the parties were not act
ing as though upon the open market
The voluntary sales were secured
from the areas listed below, thus as
surlng representative city-wide condi-
tlons. The records of approximately
200 transfers were obtained in the
downtown business area and at least
10 sales of the three main types of
property dwelling house, apartment
house and business house, in each of
the other areas.
Areas Survey by Sales Method.
Area No. downtown Washington.
northwest, bounded by Sixth street
along Pennsylvania avenue to Twenty
sixth street along Florida avenue.
2-Vicinity of Twelfth and L streets
northwest.
3-Bounded by North Capitol, Flor
ida avenue to Massachusetts avenue
| northwest.
4-Vicinity of Massachusetts ave-
nue and Fifth street northeast.
5-Bounded by Thirty-fourth street,
Wisconsin and Massachusetts, avenues
northwest.
6-American University Park area.
7-McComb and Fortieth streets
northwest area.
s-Wisconsin avenue and Davenport
| streets northwest.
9-Thirty-ninth street and Massa-
chusetts avenue, Woodley place north
west.
10-Rittenhouse street and Broad
Branch road.
11-Nineteenth street and Columbia
road northwest.
12-Thirteenth and Fourteenth
streets and Spring road northwest.
13-Georgia avenue, Wardon and
Newton streets, Columbia road north
west.
14-Oglethorpe and Eighth to Third
street northwest.
15-Southeast, Alabama and Nichols
avenues, Sixteenth street and Good
Hope road, Stanton street and Nichols
avenue.
16-Southwest, Third, Fourth, c
and D, Eighth, Tenth, B and c streets.
17-Northeast, Brookland, Bunker
Hill road and Monroe street, etc.
18-Northeast, Tenth, East Capitol,
to Fourteenth and streets.
19-Northwest, Fifteenth, Sixteenth
and Crittenden to end of Sixteenth
street extension.
20-Northwest, Mount Pleasant.
21-Northeast, Trinidad section.
22-Northwest, First and Adams
| streets.
The Building and Loan Survey
illustrated in Table I was obtained
through the cooperation of District
Of Columbia Building and Loan League
and its member associates. The true
valuation figures listed for the 83
properties study represented actual ap-
praisal figures Of experienced appraisers
for the year 1895. These values are apt
to be somewhat conservative from the
standpoint of representing "full and
true value in lawful money" because
they are made fundamentally for loan
purposes, having eliminated properties
| Of such uncertain value that their ap-
4