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Evening star. [volume] (Washington, D.C.) 1854-1972, June 04, 1932, Image 19

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REALTY BOARDS
TO II GH TAXES
National Association to Con
vene in Cincinnati
June 29.
The tax question will be one of the
major subjects of consideration of real
estate operators, owners and financiers
attending the annual convention of the
National Association of Real Estate
Boards, to be held In Cincinnati, June
29, 30 and July 1.
Following upon reports of the asso
ciation's extensive study of present
State tax laws, with reference to real
estate, the convention delegates will
center their discussion on practical
actions proposed to be taken in the
various States and cities, it is reported
by the association's headquarters, in
Chicago.
Representatives of property owners
divisions, formed in 112 cities to join
with real estate boards in their present
campaigns for a "more equitable" tax
situation, will participate actively in
the convention actions.
State Senator Seabury C. Mastick.
Pleasantville. N. Y.. chairman of the
New York State Legislative Committee
on Tax Revision, will address the gen
eral sessions of the convention, dealing
with the tax question particularly as it
relates to homes and heme ownership.
C. E. Dykstra. city manager of Cin
cinnati. will give an account of the
Cincinnati plan of balancing income
and outgo in an address on ' Govern
ment Costs and Real Estate.”
Speaking for the property owners will
be State Senator Robert A. Taft, Cin
cinnati; Dr. A. Rcss Hill. Kansas City,
former president of the University of
Missouri: Adam Schantz, president of
the Dayton. Ohio, property owners' di
vision; Judge Arthur V. Lashly. St.
Louis; Judge Arthur J. Lacy of Detroit,
former chairman of the national prop
erty owners' division: F. W. Drybrough,
Louisville, first vice president of the
Louisville Propertv Owners' Association,
and Guy P. Newbern. Memphis, execu
tive secretary of the West Tennessee
property owners' division.
Prof. Simeon E. Leland of the Uni
versity of Chicago, in charge of the
extensive investigation of State tax
laws which is nearing completion there,
will address the property owners' divi
sion on "New Sources of Revenue,” or
how to lift the tax burden from real
estate.
Open
Inspect Today
or
Sunday
1368 Sheridan
St. N.W.
Just Completed
One and One-Half Block*
East of 16th St. N.W.
20 ft. wide. 40 ft. deep. All
brick. Built-in garage for 2 cars.
6 large light rooms. 2 complete
baths. Attic. 3 porches.
Screened throughout. Beautiful
kitchen. Frigidaire.
Price S9,500.00 Term>
WAPLE & JAMES, Inc.
1226 14th St. N.W.
North 0962
EDCEMOOR, Md.
Charming IS'ew Colonial
Home
5506llampden Lane
One Square South of Edffemoor
Lane at Fairfax Road
SI 1,750
6 Rooms—2 Tile Baths—Insulated
Attic—Electric Refrigeration—2
Car Garage. Lot 60x120.
Compare this home with anything
you have seen up to $13,500 If you
want a lovely environment plus real
value, then see this particular home.
4915 Albemarle Street
Mass. Ave. Extended
Price, SI3,500
A New Center-hall Brick
Home Featuring Large
Recreation Room—3 Full
Sized Bedrooms—2 Tiled
Baths—Insulated Attic.
A carefully built home—com
plete in every detail, and wher
maintenance and upkeep hav
been reduced to a minimum. It i
offered for tale at a moderat
price, on reasonable terms; an
your careful inspection it invitee
One Square North of Mass. Ave. a
49th Street
Both Homes Open Saturday
Afternoon and All Day Sunday
Schwab & Valk
1704 Conn. Ave. Dee. 2333
Davenport Street Dwelling
Residence of Clinton M. Hisle. at 4515 Davenport street, containing seven
main rooms and two baihs. which has been purchased from the Cafritz Co,
builders. The hou-e has a step-down living room and a recreation room, each
fitted with a wood-burning fireplace. The lot is 44 by 167 feet.—Star Staff Photo.
REALTY APPRAISERS I
MEET IN BALTIMORE
New Organization Considering Ap
plications for Membership
in Institution.
The Membership Committee of the
American Institute of Reel Estate
Appraisers, the new organization bring
created by the National Association of
Real Estate Boards, is meeting in Balti
more today to consider app'icatiens so
far received for membership in the
institute.
Formal organization of the institute,
authorized by the board of directors
of the national association in January,
is expected to be effected at the coming
annual convention of the association,
to be held in Cincinnati June 29-July 1.
The institute is to be organized on a
definite professional basis, it is an- !
nounced It will admit two grades of
participants, members and associates.
To be eligible to the member .classifica
tion. the appraiser must meet qualifica
tions set up by the institute as to his
technical knowledge, professional stand
ing-and experience.
More than 150 applications for full
membership already have been received,
it is announced.
Dwelling Planned.
William H Circey, as owner and
builder, plans to erect a two-story frame
dwelling at 2460 Alabama avenue south
east. having an estimated building cost
of $7,000. according to specifications
filed with the District government.
NEW DETACHED BRICK
3815 Legation St. N.W.
U rst of C.onn. -h r., ('.hm y ('.hasp, I). C.
Eight Rooms—Three Baths
Bryant Gas Furnace
Screens—Awnings—Garage
hive bright cheerful bedrooms, colored tiled baths, beautifully fin
ished hardwood floors, open fireplace. Frigidaire. cedar closets,
beautifully landscaped lawn*, abundance of shrubbery, shaded
thoroughfare in the most desirable and refined section of CHEVY
CHASE, 1). C.
Price Materially Reduced
to Close Estate
Open Saturday and Sunday to 9 P.M.
L. T. Gravatte
729 15th St. Realtor National 0753
Evening Phone Georgia 2900
4811 Middlesex Lane
Located in the exclusive Edgemoor section, this all
brick Colonial home offers every convenience to the most
discriminating. Near schools, churches, stores and trans
portation. Large bed rooms and two baths. This home at _ —
price offered is beyond competition. fl* | || yu||
Open Sunday, 11 A.M. to 6 P.M. ^ 9
• To inspects Go out Wisconsin Avenue to Bank ot Bethesda.
then follow car line one block and turn left to houses.t
LOUIS F. PEAK, North 0167
An Outstanding Value
9412 Glenridge Ave.
■ North Woodside, Md.
A rare opportunity to secure this cozy home,
located in one of the most beautiful and exclusive
suburbs of the Nation’s Capital.
Price *7,950
Convenient Terms
Open for Inspection Until Sold
Contain* 5 spacious rooms with pantry, enclosed sleeping porch,
hot-water heat, modern hath, floored attic, built-in garage, and
massive grounds, landscaped with abundant flowers and shrubbery.
To reach North Woodside—Drive out 16th St. to Georgia Ave.,
via Alaska Ave., thence thru the underpass, a short miles to the
Stone Gate Posts of North Woodside on the left. Turn 3 blocks into
9412 Glenridge Ave.
Woodside Construction Co.
, Phone Silver Spring 109
«
HOME LOANS HELD
VITAL U. S. NEED
Credit to Make.lmprovements
Will Speed Recovery, W.
E. Best Believes.
/
Relief given to the home owner will
turn the tide of the depression, ac
cording to William E. Best, president
of the United States Building and Loan
League, who declares that better times
would come with enactment of the
measure creating a system of Federal
home loan banks.
Homes Need Repairs.
"There are^ thousands of people in
this country who desire to repair, re
model or modernize their homes and
need funds for these operations,” says
Mr. Best. “In some localities there are
individuals who desire to take advan
tage of prevailing low prices of ma
terials and labor to construct homes.
"Mortgage money should be available
to would-be home owners, although
there is no need for the activities of
the speculative builder today. These
funds can be furnished by building
and loan associations and other home
financing institutions if they caa raise
money upon the mortgages they hold
at the present time. The home loan
bank system, if established, will provide
and release these funds. It will place
the local home-financing institutions in
position to supply long-time mortgage
credits.
"Repairing, remodeling and construe
I tion activities can provide substantial |
employment for thousands of men.
This Activity waits upon credit which
will be furnished by the home loan
bank system.
Delayed Action Deplored.
‘‘The need for such a system has
been apparent since 1919, when pro
posals originating in the Department
of Labor under Secretary W. B. Wilson
were considered by Congress. Build
ing and loan leaders feel that had such
a system been established earlier much
of the distress which pow faces the
home owner and the small saver might
have been avoided. During the last
—1i
®eslep ^eigfjts
The (iarden Spot of Washington
4530 CATHEDRAL AVENUE
HERE is a property where the greatest thought was exercised in
creating a plan hard to improve, both in the house itself and in the
extensive layout of the grounds, running to a depth of 246 feet, with
stately shade trees, beautiful landscaping, pri/.e-winning gardens, and
rustic pool. The house has a reception hall with adjacent lavatorv, living
room, library, dining room, large sun porch, kitchen, and pantrv ; 4 bed
rooms, 3 baths, and large porch on second floor; finished third floor; a
suite of three rooms and bath in basement. Eilectric refrigeration, gas
heat, and two-car garage.
Open for your inspection Sunday or Monday, III A.M. until dark.
W. C. & A. N. Miller
1119 17th Street DEcatur 0610

Bigger Homes .... Bigger Values
See These Features:
Six and seven real rooms, in ad
dition to finished recreation rooms
in basements: two colored tile baths,
beautiful oak floors, big cedar-lined
closets, natural chestnut trim, cement
front porches, screened rear porches;
detached garage; newest kitchen
equipment, paneled walls, paved
street and alley. The larger homes
in this group are full 20 ft. wide.
Location unequalled, high elevation
excellent outlook and good view of
city. Construction of all solid brick.
Built by
C. W. WILLIAMS
High, Cool Elevation
on Beautiful Kansas Ave., a
120-ft. Boulevard, and Fac
ing Two Attractive Parks
MODERN HOME
53G4 Kansas Avenue N.W.
completely furnithed by
NELSON FURNITURE CO.
Open Every Day Until 9 P.M.
8 Now Sold
Distinctive—Artistic—Spacious
......■..... . ..v Ml II ■
3512 Rittenhouse Street, Chevy Chase, D. C.
ONE of the outstanding residences of the cit£, designed by a prominent architect
and built for the present occupant. Located on a prominent street and just
three squares east of Chevy Chase Circle. -This all-brick home, 67 ft. in width, set?
gracefully back on a beautifully landscaped lot 100 by 200 ft., with a wooded back
ground of huge trees. The house is ideal for entertaining, having a spacious living
room and sun parlor on one side of the wide colonial hall, and the library and large
open porch on other side. Four master bed chambers, two baths and huge sleeping
porch on 2nd floor. Ample servants’ quarters on 3rd floor.
Oil Heat, Elec. Refrigeration, 3-car Garage, and every modern convenience.
Attractively Priced
Open All Day Sunday
Realty Associates, Inc.
1427 Eye St. Realtors Nat. 1438
two years home-financing Institutions,
particularly the building and loan as
sociations, have had to curtail their
activities because they had no place,
like the Federal Reserve System, to go
for needed funds.
• "Building and loan associations are
essentially investment institutions and
are today serving their communltie*
to the full extent of their funds in
hand. At the present time they have
approximately 90 per cent of their
assets invested in residential mortgages,
which is conclusive evidence that th.py
are serving their communities to the
full extent of their resources."
PRICED FOR IMMEDIATE SALE
STREET I?i Old Clcvclajid Park
One of 1 lic most beautiful CORNER homes
in the community. Lovers of gardens and trees
will delight in this beautifully landscaped prop
erty, containing o\er 11,500 square feet of
ground and fronting 100 it. on .34111 St. at Ord
m wav St. The house is a rainblit g t. pe w ith
$23,300 hied roof, side entrance, center hall front a
wide, covered ell-shaped porch, beamed ceiling
living room with fireplace and Erei eh wi- cow-,
large kitchen and butler's pantry; maid's n m
in basement. OIL Bl'RNTNH furnace; 5 BEU
ROOMS, 2 BATHS, one a show er, and screened
- __sleeping porch. 2-CAR OARAOE.
3215
C
A
T
H
E
D
R
A
i
t—
In Massachusetts Avc. Park AVENUE
A stately center hall Colonial in one
Washington's exclusive and most beautiful de
velopment-. Built on lot 190 ft. deep with J
t AR BRICK < iARA( .L on alley. Trees,
shrubbery and flower- front and rear. An all
brick home of 11 ROOMS. ,r BATHS, including
lavatory and library on first floor, club r mi _
with fireplace in basement and o lovelv bed S31,000 j
ro* in-. I)ouble rear porches, the lower screened,
with entrance from library. Electric Re
frigeration and oil heat add to its comfort and
utility. From Massachu-etts Avc. drive out
•’4th St. to Cathedral Ave. and turn cast to
house.
BOTH HOUSES
OPEN SATURDAY P.M. & ALL DAY SUNDAY
BOSS & PHELPS
\ 1417 K St. Members Washington Real Estate Board Nat 1 &300
Features Never Offered
Before at This Price!
THE NEW STEP-DOWN LIVING ROOM
• A SMART NEW FEATURE in these Cafritz Lifetime
Homes offering a distinctive treatment. You go down 2
steps into this room, which is below the general first floor
level. The reception hall, kitchen and dining room are
raised. This adds to its attractiveness and interest in
furnishing as well as enhancing its inherent beauty.
4th and EMERSON STS. N.W.
‘ SMALL A PA TERMS
CASH ■ LESS THAN
PAYMENT t/ ^ li/V/ RENT
A REVELATION in new home construction offering
greater value in every detail. Many unusual features
have been included in decoration and equipment, making
it outstanding in every respect. Concealed radiators,
steel casement windows with plate glass *4 in. thick,
hardwood floors throughout, radio outlet, numerous
convenience outlets, large lots, some 142 ft. deep. Every
thing you want in a home with two styles to select from
of 6 and 8 rooms with built-in and separate garages, 2
and 3 covered porches. See for yourself this unusual
value. Street and alley paving paid for by Cafritz.
SAMPLE HOME
furnished by
GOLDENBERG’S
Open 9 A.M. to 10 P.M.
• • •
RECREATION ROOM
An extra room completely
finished in the basement with
ornamental fireplace, textured
walls, windows, heat, no ob
structions. Just the place for
a den or entertaining.
• • •
GORGEOUS KITCHEN
Everything in silver and
green in this de luxe kitchen.
Porcelain sink with double
drain board, built-in cabinets,
Frigidaire, console gas range,
inlaid linoleum cemented to
the floor. Built-in dinette.
• • •
2 COLORED BATHS
Two beautiful two - tone
colored tile baths. One in
blue, the other in green.
Built-in fixtures, Venetian
mirror, medicine cabinet,
chromium plating. In every
detail they are decidedly new.
OWNERS mmri BUILDERS
• OVER 3.000 CAFRITZ LIFETIME HOMES BUILT AND sSLD 1
/

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