Evening star. [volume], April 09, 1938, Page B-1, Image 17

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
Real Estate
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i/iyf 's -X" i
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Building News
WASHINGTON, D. C., SATURDAY, APRIL 9, 1938.
PAGE R—1
HELD DELAYED BY
Unwillingness of Bankers
to Accept 90 Per Cent
Mortgages Cited.
REPORTS OF BUSINESS
PAINT ERRATIC PICTURE
Long Island Activity Held
Outweighing Mediocre
Showing Elsewhere. •
The building boom expected from
thp National Housing Art amendments
Is being delayed because of lack of
confidence by prospective home buy
ers and the general unwillingness of
bankers to accept 90 per rent, mort
gages, the Architectural Forum Mag
azine declares today after a survey of
SO leading subdividers in 29 cities in
16 States.
“The National picture, as given in
the record of F. H. A. mortgages se
lected for appraisal, is superficially
• hopeful,” the Architectural Forum ex
plains. “It indicates a sharp increase
in plans for new building. The contra
diction between these plans and the
uncertainty revealed by this survey of
eubdividers is explained by the fact
that where building is good (as on
Long Lsland), it is very, very good,
outweighing the mediocre records of
the country as a whole.”
Reflecting both the positive influ
ence of the National Housing Act
amendments and the negative effect of
business recession, the survey shows
that construction activity during the
first two and a half months of 1938
was greater than in the corresponding
period last year in 37 per cent of the
localities, smaller in 39 per rent and
•bout the same in the remaining 24
per cent. However, labor and mate
rial costs were below those prevalent
• year ago.
Paint Erratic Picture.
“Although the net result indicates
that building is progressing at the
same rate as a year ago, individual
reports paint an erratic picture,”
the Architectural Forum points out.
“Thus, replies from seven subdividers
fthree in the New York City area) in
dicated that new F. H. A. legislation
permitting the issuance of mortgages
tip to 90 per cent had boomed new
construction.
"A like number stated that the leg
islation had stimulated public inter
est in home building and buying, but
had not yet produced results. Eight
more said that little or no effect has
been felt. The largest group, 13, was
of the opinion that, while results were
not yet evident, the legislation in time
would serve to stimulate the industry.
"The reasons for the comparatively
cool reception accorded the Govern
ment's latest aid to building may be:
“The buyer, caught in the reces
sion, lacks the confidence in his fu
ture to assume a long-term obliga
tion,” the Architectural Forum Maga
zine declares. “Herein lies perhaps
the strongest reason for a slow public
reaction to the new National Housing
Act amendment.
“Secondly, the banks in many cases |
(See”BUILDING. Page B-4.) j
$899,544 IN PERMITS
ARE ISSUED IN COUNTY
—
Eastern Montgomery Section Has
Building Total for Month
of $509,875.
Special Dispatch to The Star.
SILVER SPRING, Md„ April 9 —
Permits for construction valued at
$899,544 were issued in the metropoli- |
tan area of Montgomery County last
month, with the eastern section show
ing a total of $509,875 and the western
Beet,ion $389,669.
In the eastern suburban district
permits were issued for 36 one-family
dwellings valued at $201,800. 11 al
terations and additions at $15,375, 2
commercial structures at $292,000 and
1 accessory building costing $700.
Permits were issued in the western
suburban area as follows: Sixty-two
ene-family dwellings, $361,654: three
commercial structures. $22,000: three
garages, $550: six additions, $3,830. and I
accessories and alterations, $28,015.
f
" —-'•_ !
Must Sell
at Once
5418 Edgemoor Lane
Beautiful center-hall residence. 4
roaster bedrooms and 2 baths,
maid’s room and bath in base
ment, oil heat: 2-car built-in ga
rage: corner lot 95x150 surrounded
bv estates priced far above the
price of this home.
Turn left, at Bank of Bethesda on
Edpemoor Lane, .1 blocks to home.
Open Sunday All Day
Goss Realty Co.
1405 Eye St. N». 1333
LESS THAN RENT!
Y.S, S50 Monthly
Will Buy These Lovely
New Semi-Detached Homes
in Chevy Chase, D. C.
5229 43rd St. N.W.
*7,450
New type homes with new liv
ing standards. Large rooms,
tiled bath with shower, de luxe
kitchen.
Inspect Today
Drive out Conn Are. to Military
Rd., left on Military to \.\rd St.,
l9ft to homes (betmecn Jenifer and
Inpomar Sts.). Or nut Wisconsin
Avt to Inpomar St., right to homes.
Phillips & Canby, Inc.
N«. 4600 1012 ISHi St. N.W.
New Homes in the District and Nearby Virginia Recently Built and Sold
rilf If fl t r " rr'vmt f—i ir wt Tinr-m mil « nmr» m.\**^*y, .. . - ... ..... ... .
New home at 4470 Dexter
road N.W.. Westicood, recently
completed by L. E. Breuninger
<& Sons, builders, and sold to
an undisclosed purchaser.
———————— *
1938 Likely to Be Better
Than Two Previous Ones
for the Buyer.
An appraisal of the home-building
cost factors evident in the first
quarter of the year indicates that 1938
will be superior to both 1936 and 1937
as a period in which to build a new
home.
The materials for a new home cost
less now than at any time during
1937, says the National Lumber Manu
facturers’ Association, which has just
completed a survey of probable home
costs for the rest of this year. Re
ductions in financing costs and lower
land rates give this year an edge over
1936.
At the depth of the depression in
1932 material for the average home
could be bought for less money than
today. However, because of the ex
treme low level of national income,
the purchase of building material in
that year would have taken a larger
portion of the average income than
the same material at the slightly
higher prices in 1938.
Materials 6.3 Per Cent Less.
Taking the year 1926 as normal and
most logical to compare with 1938,
the association stated that building
material is 6 3 per cent less this year
than in 1926. The United States Bu
reau of Labor Statistics reports that
the composite curve of all building
material stood at approximately 93.7
per cent in November, 1937, and has
been reduced considerably since that
time.
Real estate operators can point out
lots that were sold in 1926 for $1,500
which can be purchased today for
$500 to $600. As a general average,
building sites are $300 to $1,500 less
than in 1926.
Under new methods of home
financing the buyer obtains full own
ership and saves 85 per cent of old- .
time financing costs. Today, if you
borrow $5,000, you pay $37.13 monthly
with both principal and interest be
coming less each payment. In 20 years
the total payments are $8,911.20, the
debt is paid and you own your home.
Under older systems of unamortized
mortgages, when you borrowed $5,000
you did not reduce the principal, but
let the debt run. At the end of 20
years you had paid $6,500 interest
and still owed $5,000. The cost to buy
was $11,500, plus renewable casts
every five years. Today you save $2,
588.80.
As for building plans, those of 1938
i See BUILD ING~COST, Pag^B^y
57,650
5 Sold—1 Left
301 Eastwood Ave.
Northwood Pork, Md.
• Basement
• Insulated Attic
• Lot 75x160
Open Sot. and Sun. to Dark
TO REACH: Out Colesrille Pike to Van
Vlerk construction sitm, turn left into
Northwood Park.
3518 „ | Clev.
Conn. ' 9200
Before You Build
Consult With Us!
If you are real particular
about your home and would
avoid the necessity for making
expensive alterations later, have
us build your home the way you
want it! Look over the many
attractive plans on file in our
office—plans that have proved
not only dependable, but popu
lar as well—nnd then have our
architect make such chances as
you want before building is be
gun. Visit 18*:i Parkside Drive
over this week end.
To Reach: Out nth St.: turn
left on Kalmia from nth St. to
Beach Drive; then left to Park•
tide.
Paul T. Stone, Inc.
927 15th St. N.W.
Natl. 0856
4
Dr. Charles P. Ryland is the owner of this new home at 4901 Massachxisetts avenue N.W. It
was built by Bowling & Gardiner and designed by A. H. Sonnemann, architect.—Star Staff Photos.
-
By DOROTHY DL’CAS AND ELIZA
BETH GORDON.
BEFORE the weather turns
entirely warm, what fun it
is to sit before the fireplace
and watch the sparks fly up
ward. But oooh! be sure those sparks
fly as intended—upward, not outward.
Half the reason for a fireplace is
the way it looks, for most of us do
not depend upon the crackling flames
on the hearth for heat. It spoils the
pleasure of any family to have to
be on the jump to keep sparks from
flying into the room and marking
floor or furniture, if not actually set
ting fire to it. That is why fire screens
are so often used as a measure of
protection.
Mast fire screens, if they do their
duty well, hide some,of the fire from
view. The sturdy borders and joints
of the sort of fire screen that stands
in front of the hearth break up the
unity of the fire picture, say what
you will. So it will be worth your
while to have a built-in fire screen
in your next house, a screen that
Is nearly invisible when lowered and
when raised disappears entirely.
Such a screen of fine mesh, with
a narrow antique bronze frame that
Is hardly discernible, is popular in
New 10-Point Bungalow
In the Heort of
SILVER SPRING
$6,875
P" 10 Points 1
• Automatic heat
• 5 larce reams
• i»rce modern kitchen
• Furred walls.
• Full tiled bath and shower
• Full basement; attic
• Open fireplace
• Larce porch
• Weather-stripped and screened
• Conrenient to stores, schools, _
ehurehes and transportation
Only $42.80 Mo.
After Small Cash Parment
Exhibit Home
705 GIST AVE.
Open to 8 P.M.
Directions:
Out Georgia Ave. to Slloo Ave. tArst
street past B. Ac O. viaduct), riaht on
Sliao Ave. two blocks to Chesapeake
Ave., bear riaht on Chesapeake Ave.
to Takoma Ave., riaht to home.
Springlawn Inc.
MSI Hugh Warren, Pres. *isu
new homes today. It operates like
a double-hung window, sliding into a
pocket built into the furring above
the fireplace, and it is counterbal
anced, which means it fits loosely
between narrow channel guides. You
can touch it with the poker and it
goes up or down, so you needn't
even run the risk of burning your
hands to use it.
The one hitch about the screen is
that it must be installed before the
'finish has been applied to your fire
place, but maybe you are planning a
new fireplace? Anyway, jot It down
in that notebook of 'improvements'’
you are going to make some day, when
you build your own house?
It costs from $25.20 to $88 80, de
pending upon the size and elaborate
ness of your screen. Each is custom
made, of course, and comes in alumi
4
Outstanding Values
• Location V
• Construction V
• Accessibility V
• Value V V
$7,950.
TAKOMA PARK, D. C. CALI
FORNIA BUNGALOW, 6700
4th ST. N.W.
Situated at the corner of 4th and
Whittier Sts. A lovely home with
6 unusually iafge rooms on 1st
fioor. To fully appreciate this prop
erty—see the inside, do not judge
from the outside. Convenience and
desirability of location is all that
you could expect. 3 bedrooms, tile
bath, shower, hardwood floors and
trim; elec, refrigerator; rockwool
insulation; GAS FURNACE; garage;
beautifully landscaped lot, 50x132.
Open Sunday, 11 to 6.
$9,750.
GREATLY REDUCED TO SET
TLE ESTATE TAKOMA PARK,
D. C—521 BUTTERNUT ST.
N.W.
Handsome center-hall brick resi
dence—amid a setting of trees,
high elevation, ideal family home,
situated in a community of sub
stantial properties; schools,
churches, public library and trans
portation handy. Ten splendid
rooms, porches, hot-water heat
vwtn OIL BURNER; slate roof; won
derful lot, 64x170. Vacant. Open
Sunday afternoon, 2 to 6.
$7,950.
MT. PLEASANT, 3421 OAK
WOOD T E R R A C E—OVER
LOOKING ROCK CREEK PARK.
Adjacent to Pmey Branch Parkway
in a quiet square free of traffic.
Only one block west of Sixteenth
St. at Newton St. Colonial brick—
six exceptionally comfortable rooms;
tile both, shower; 3 porches; many
odded features; rockwool insula
tion, OIL HEAT, garage. Open
Sunday, 2 to 6.
$11,500
ADJACENT TO ROCK CREEK
PARK AND GOLF COURSE
1414 NICHOLSON ST. N.W.
Just a few doors east of 16th St.
you will find this particularly at
tractive and practically new DE
TACHED BRICK home Especially
convenient and very desirable lo
cation. Six unusually bright, cheer
ful rooms, 2 tile baths, lorge porch,
fireplace, hardwood floors ond trim;
Frigidaire, GAS FURNACE, slate
roof. Well landscaped lot, 40x130.
Open Sunday, 11 A.M. to 6 P.M.
L. T. GRAVATTE
Realtor
729 15th St. National 0753
Exclusive Agent
num with stainless steel as well as
bronze.
* * * *
JF YOU are one who likes white
houses, very white ones—not cream
or gray—you should investigate a new
paint which can make the exterior of
any house whiter than white. It's a
material that can go over shingles,
rough-surfaced lumber, stone, brick or
stucco, and still hold its whiteness.
This paint is made especially for
brush-coating work, so it flows ex
ceptionally smoothly off the brush,
and makes an even surface, unmarred
with, brushmarks. It has great hiding
power because of concentrated pigmen
tation. Two coats can cover any sur
face, even a dark one. Over a primer,
one gallon will cover 250 square feet
when two coats are applied, or 350
square feet for one coat.
Naturally, a paint which has special
• See DESIGNED, PageB-2.)
Westwood Offers
Luxurious Living
at Low Cost
4460 Dexter Road
On Beautiful Dexter Circle j
New detached brick; 7 !
rooms, 2 baths, 1 st-floor |
den and lavatory, large attic,
air conditioned, 2-car go- I
rage, screened porch. Recre
ation room, maid's room and
bath. Sun deck. Large
wooded lot.
Mass Are. to Cathedral Are.
to lith St. Left on nth. St.
A blocks to Dexter Road.
JC£ffrreunm£er&Sons
1730 K St. No. 2040
TRADES CONSIDERED
Woodside Forest
Exhibit Home
779 Dole Drive
Paneled den and recreation room—
•2 -car built-in garage—J st floor lava
tory—maid's quarters in basement.
TO REACH: Out lath St. or
Georgia Ave. to traffic light in
Silver Spring, right on Colesville
Pike to Mrs. K's Toll House
Tavern, left on Dale Drive to home.
Owner Fulton R. Gruvcr Builder
Wople fir James, Inc.
S433 Georgia Ave. SHep. 5200
Silver Spring Office
Pull Commission to Brokers
Inspect These!
541 Buchanan St. N.W.
$7,950
Overlooking Sherman Circle—at
tractive 7-room and bath brick
home represent* an excellent value
at thts price.
318 Emerson St. N.W.
$8,950
Beautiful elevation; 7-room and
2-bath brick home: automatic heat;
recreation room; Just like brand
new.
865 Von Bunn St. N.W.
$9,950
Arranged for 2 families, this
completely detached home repre
sents an excellent investment as
well as a home.
3 outstanding valuss, worthy
of your inspection.
Terms con be arranged on
any of the above listed houses.
CAFRITZ
Dial. MMA. 14th and K St*. N.W.
Attractive dwelling at 1842 North Hartford street, Lyon Vil
lage, Va., which F. E. Westenberger, builder, erected for himself.
H. 0.1. C. SELLS GO
HOMES IN CAPITAL
Offerings Prove Attractive
to Buyers, Reports D. C.
Manager.
Homes offered for sale by the Home
Owners' Loan Corp. are proving at
tractive buys to many residents of the
District. William E. Poster, manager
of the District office of the H. O. L. C.,
said today.
Of the 160 homes in the District ac
quired by the agency, 60 have been
sold, Mr. Poster said. Despite the
seasonal slump in the real estate mar
ket, 37 of these properties have been
disposed of during the last three
months.
10 Per cent Down.
He attributed these sales to the high
values being offered and the reasonable
terms upon which H. O. L. C. homes
can be purchased. As low as 10 per
cent down payment is accepted, while
the balance of the cost may be amor
tized in a direct reduction loan payable
over 15 years at 5 per cent interest.
Mr. Foster pointed out that the
average loan made by the H. O. L. C.
in the District of Columbia was nearly
twice the national average, or ap
proximately $6,000, as compared with
slightly over $3,000 for the Nation
as a whole. The average appraised
LOANS
| INSURED BY THE F. H. A.
j UNDER THE NEW ACT
A. E. LANDVOIGT
Realtor
917 15th St. Dist. 7686
i
TOP VALUE IN THE
LOW PRICE FIELD
A Lovely
New Studio
Home
125 Ingraham
Street N.W.
i HOME designed for the ut
A most in livability—with spaci
ous rooms—modern appointments
and ultra modern eauipment to pro
vide new luxury. Six large, com
fortable rooms. 2 complete baths,
recreation room with fireplace and
paneled walls, completely eouipped
kitchen, front and rear porches.
Stairway opens on both living and
dining rooms. At its sensationally
low price this big home is the out
atandng value on today's market.
Bryant Air-Conditioned
Built by Douglass Const. Co.
Furnished by Hutchison’s, Inc,
To Reach: Drive out New Hamp
shire Ave. N.W. and turn lelt.
2 Specials
*9,450
4314 Ellicott St. N.W.
(Watt Chtvy Chatt, D. C.)
New, detached brick; 6 rooms,
tiled both, 1st floor lovotory,
large front porch, open fire
place, automatic heat, insula
tion, detached garage.
*13350
2925 Rittenhouse St. N.W.
(Chtvy Chatt, D. C.)
New, detached brick; 6 lorge
rooms, 2 baths, recreation room,
finished and heated attic, insu
lated, air-conditioned, furred
walls, ultra-modern kitchen,
large porch, brick garage.
Phillips & Canby, Inc.
No. 4600 1012 15th St. N.W.
value of District homes on which H.
O. L. C. money was loaned was $7,500.
Price up to $17,50$.
Homes now being marketed here by
the H. O. L. C. range from $2,000 to
$17,500 In price, Mr. Foster said.
Greatest buyer interest is being shown
in properties valued around $6,000 or
$7,000. Most of the homes offered by
the H. O. L. C. are thoroughly recon
ditioned before being placed upon the
market.
In selling its acquired properties,
Mr. Foster explained, the H. O. L. C.
is being guided by two principles:
1. To protect the public's invest
ment in the H. O, L. C. by realizing
I from properties, where possible, the
H. O. L. C. investment in them.
2. To protect private real estate
values by not dumping on any local
market more than it is in a position
i to absorb.
These policies, he pointed out, have
j resulted in offerings to the public of
"good values''—modern homes worth
all that is asked for them—but not
"shoppers’ bargains.”
Burgundy-Colored Walls.
A deep-toned background for the
pine paneled wainscot of an upstairs
sitting room is supplied by burgandy
colored walls which serve to intensify
the beauty of the natural pine mantel
and bookcases as well as the Venetian
blinds of matching pine color. Linen
patterned with burgundy and green is
used to cover one chair and natural
color linen is used for the other one.
A NEW COOLEY BROS,
t HOME
CHEVY CHASE GARDENS
4704 DcRussey Pkwy.
A striking white center-hall Co
lonial. with large living room,
screened porch, dining room, mod
ern kitchen, breakfast room. 3
large bedrooms. C pastel tiled baths,
air conditioned heat. Venetian
blinds and attached garage.
Drive nut Wis. Are. to our sign at
De Russev Parkway on left opp.
Chew Chase Golf Course, turn left
to home.
e'ooleif Bros.
WMIM 0>MTTW NOMtt*
TOWER BLDG. NA. 9240
SILVER STAR HOME
WILL REMAIN OPEN
FOR INSPECTION
Thousands Already Have
Viewed Residence in
Wesley Heights.
DWELLING GIVEN ONE
OF HIGHEST RATINGS
Proves to Be Popular Among
Visitors—Is in Excellent
Location.
The attractive Colonial type home at
2901 Forty-ninth street N.W , Wesley
Heights, which received award as the
fourth Silver Star Home of this year,
remains on exhibition and will be
open to visitors over the week end.
Thousands of Washingtonians already
have inspected the impressive struc
ture.
The house has proved to be one
of the most popular of the series
sponsored by The Star. It has an
excellent location, a comer lot over
looking wooded Fort Drive Park. It
is attractive in appearance from the
Garfield street side as well as from
Forty-ninth street. It is an excel
lent value even at today’s lowered
prices. Rigid restrictions insure
against declining neighborhood values.
Tastefully Furnished.
Built by Frank S. Phillips, realtor,
from plans drawn by the architectural
: firm of Dillon Abel, the new home
| has been tastefully furnished in an
tiques and authentic reproductions by
the Biggs Antique Co. The furniture
and decoratioas harmonize well with
the style of the dwelling.
The home is roomy, well planned
and soundly constructed. The in
terior finish reveals the best in work
manship. There are a large number
of spacious closets. Bathrooms are
conveniently located and equipped
with the latest and best in fixtures.
Even temperature, clean and properly
(See HOME. Page B-2.)
— , — ■ -
Presenting o beautiful
new home in Kilmarock,
a duplication (with im
provements) of our Silver
Star Home opened last
August and sold the
first day.
119 Anne St.
From the moment you enter
this lovely home you are im
pressed with its many satisfying
features. MODERATELY
PRICED for a home of such
high quality.
Gregory B. Mason Co.
Owners and Builders
—To Reach—
Out l*ih St and continue on Pincv
Branch Road to Takoma Park, fol
low Carrol Are. two blocks past
Washington Sanitarium to signs
KILMAROCK. Open Daily and
Investment Bldg. Dl. 8092
That's the Astonishingly Low
Price. Tempting Terms.
2121 Observatory Place N.W.
Come and see this home furnished—a beautiful job done
by Hutchison's, Inc.
You will be buying a gem of a home and living in the heart of Old
Georgetown, rich in history.
Moss Built—And All That Meons. Up-to-date in plan, and with the most
modern equipment in every detail. Talking about it doesn't tell half the con
vincing story that a careful inspection will give you. It would unquestion
ably be the best buy in Washington at even $1,000 more—and you will say
so when you see it.
Handy to downtown—Prom Wisconsin Avenue drive south Into 37th Street—
about two blocks to Manor Place—then right half block to Observatory Place.
Open for Inspection
There /* One 2-Bath Home at $7,950
Moss Realty Co.
Tower Bldg. Met. 1776, Shep. 4517
Evening and Rnndar, Hhrnhvrd RS2.7-M.
ltmnrfanii
5 SOLD BEFORE COMPLETION IN
THE NEW GROUP OF 131 .. .
Exhibit Home Sal" \r thc
tural specifications that Cafritz
4904 45th HOMELAND homes are built to.
- MW Over 60 homes now comprise this
M. N.W. exclusive, restrictive development
_ • l j l of BETTER, moderate priced homes.
Furnished by Their fine appointments include
THEHECHTCO. automatic oil heating.
REYNOLDS’ AIR CONDITIONING,
J«| Ruud Automatic Water Heater, 4
I M ^ Inch Rock Wool Insulation, Copper
f * ** Plumbing and Flashings, 3 ond 4
COMFORTABLE BEDROOMS,
PANELED RECREATION rooms.
Deep Landscaped Lots. Convenient
to the city's finest schools and
V3SSXSu9i JUST 15 MINUTES from the heart
irnmmiuwm-mmm* jf doWntOWn Washington.
14th £9 A CD/TT DIst.
4K LArnllL 9080
To Reach: Out ft'is. Ave. to River Rd., left on Ellicott St.
Open for Inspection Daily and Sunday