The Central New Jersey Home News from New Brunswick, New Jersey • 19

Real Estate hews Garden Information 19 NEW BRUNSWICK, X. SUNDAY, JULY 13, 1951. Report Sharp Drop in One-Family HouseBuilding in This Area U.S. Survey Sliows Pre-Revoliilionary Residence on Possumlown Roadr Once Part of Wadley Estate, Sold to Benson Austin Suitable Always Dwellings Hayc Buyers Price Slill Rising PISCATAWAT TOffXSH IP, July 14 The old Col. Daniel Boice Jlx! f-jV NJK, home on Possumtown road, which J- was built sometime before the I'i'rf- Mortgage Restriction Blamed For Drop in IN'ew Construction Promotion Director Of Hartshorn Firm Gives Suggestions' On Home Appraisal Revolutionary War.

has new own- Ev-f aTw. Market Active in Area For Old and Large Properties By THOMAS McMORKOW The market for residential real 1 ers: Mr. and Mrs. Benson M. Aus- NEW YORK, July A The Austins, who already have moved into the 10-room Colonial current decline in the buildirg of dwelling, purchased the property i from Dr.

and Mrs. David F. Smith. singie-iamity nouses for sale in a 17-county area in metropolitan New York and New Jersey wi 4 Mr. Austiu is an executive of ln- 5.

t- estate in this area continues ac- i tive. although we're now in the: good old summertime, normally the dull season, and the deVelop- ments are pretty well sold The older and larger houses arej I dustnal tape Corporation, rorth BrunswicK townsnip. The Boice home is named Colo- War and later an attorney practic- Jj liiiuuig uujers. so long as tvasn-ington keeps cheapening the American dollar by over-spending, and the defense program pro inz law in New Brunswick. He made it his residence after the vides full employment, a slump war.

remaining there until his death more than half a century in prices is unlikely, and people who need homes are tired waiting continue at a sharp ra, a government statistics official predicted today. Hershey E. Riley, chief of construction statistics of the U. S. Department of Labor, also forecast, in a prepared statement issued at regional offices of the department here, that the prices of new homes will continue to rise in the area.

This covers the five counties nf New York City, and nearby Nassau. SutToik, Westchester and Rockland counties, and in Northern Jersey the counties of Passaic, Bergen, Hudson, Union, Middlesex, Somerset and Sussex. The statement summarized th findings of a survey of 1,200 build- If wSfc' 1UI 11. Some of these homeseekers are newcomers in the real estate field. I going to invpst substantial sums i ago.

The Colonial home, which is located on a 17-acre landscaped tract, is part of the former Arthur Wadley property. It includes a three-car garage, barn and other outbuildings, and formerly was the site of a nursery. The great age of the Boice home was discovered during restoration mst with vague knowledge of values, and unacquainted with methods of appraisal. They are going to make long-term investments, al-1 made in recent years. Mrs.

Mai-workmen reinovin? a porch, are travelers, and some means had to a newlv bought home at 125 Wood-colm Pearson, daughter of Mr. believed to indicate that the resi- be used to keep "uninvited guests bridge avenue, Metuchen. a. LjA-ejKd ers, including all the major ones, Wadley, found evidences of pie- dence once served as a tavern, during the time the worked out Klovd S. Clark, New Brunswick FRANK C.

SITO JR. Revolutionary War construction at Innkeepers of early times kept a the cost of bed and board. realtor, was broker tor the sale of that time. i barred jailroom for non-paying The Smiths, who had been resi- the Boice property. The new own- Iron bars covering a cellar wiiivguests, since customs of that pe-dpnts of the Boice home for the ers were represented by Nash dow, which were discovered by nod forbade denying lodgings to oast eight years, now Hie living in Davidson, West Acid attorneys.

in me i-county area. As part of a nationwide survey, other sections of which are now being analyzed, it will be turned over as a guide to the board of NICHOLAS FRIDAY Louis Street Man New Head governors of the Federal Reserve System and the housing and homt finance agency, Mr. Riley said. Tlii.nArniiiilna Two Dwellings 79 Homes Under CoiistruclioiiBriiniii Sells linecoupits i n- Due to Rfgulation-X that these agen- ir i ti iiiumae i ariv ueveionnie nmv iieuniis ui vuverusni" He explained Regulation fllKlin 1 Nicies brought out though their opinion of what lies ahead in real estate is necessarily a guess. They would be better for some expert advice as to evaluating a dwelling.

Nicholas Friday, senior member ef the North Jersey Chapter of the Society of Residential Ap-j praisers, a national body organiza-! tion puts it this way: "Value is the present worth of future benefits." And in real estate, as in everything else, a worthwhile opinion of the future is based on knowledge of present and past. Mr. Friday is also vice president of the Middlesex County Board of Realtors, and is a member of the American Institute of Real Estate Appraisers, an affiliate organization. How To Appraise House To simplify his'explanation of how to appraise a dwelling, he divides the chief elements of value into three: the site, the building itself, and the financing. "Site location is the most important," he declared.

"Good or credit rules homebuildinz 1 111 BlaillC I Ron ml RrnL Vmoci in Arnnnlni.i Avpiiiip 111 SllOlSWOod 1 KnilWM ick designed to reduce' ith defense re- rrftiii nmuier i iiiM, AtiniM iaithitv une More Titles Transferml emprises Jo-Acre tract; l( iJHI.ngs C1. uu-emcnts 171 lowers tht money build- Homes Constructed nPvelonment in Already sold or Lnder Contract amount of mortgage TTarrtini nrpsidpnt nf ers mav nhtain fmm fnuprnmunt At Old Tost Homes n- 1 (u .1 i Metuchen niuimc.n.'iir.n. lunaiur.icquuea oi veiKrans. aim a a- UiU'OllHl the Stewart Hartshorn Company, lending agencies. July 14 Sales are brisk at year four per cent mortgage, mak-, iha announeed thi.

annointmenti On the basis of the countrvwirl Development METUCHEN, July 14 Elaine th. viA.inK carrying charges low. The- srn rswnnn 'of Frank C. Suto son of Mr. survey results, Mr.

Rilev said. RARITAN TOWNSHIP, July 14 ParU. in- has transferred title 1.. aie 100 by 150 eet and Mrs. Su'o of 131 Louis street, the federal reserve and the home -J.

R. Homes. has trans-:" nom wun The houses, each with an r. n.u.ung nave, Mon. manaeer for finance agency will determine ferred title to three more of ui expansion attic, now being con- tached one-car garage, an expan-transferred title to four more of thi, Wlrlply known window shade whether the amount of new hous- dwellings, each of five rooms and of and one-half rooms and structed on Mountain avenue, sion attic that can be made into the dwellings, each of four roomsjeompauy inK is "falling otf loo rapidly or each located on a lot approxim- each located on a lot aoproxim- Shepard avenue, and Rout 29.

two more rooms, and a shrubbed a a i s'ut0 will direct the adver- not fast enough." atcly 63 by 110 feet, built by the ateiy bu py iuu leet. Duiit oy xne John T. anovic of forth Plain- and seeded front lawn, eontani tising sales promotion, publicity1 Mr. Riley declined to offer any seller in its devolpment, Old Post seller in its development here. field, exclusive sales agent, said wood-burning fireplaces, bad, the dwelling wtfl go along with the neighborhood trend.

The best house in the immediate area will depreciate in value, and the 1 merchandising programs of opinion of his own on this point. Both sales were of dwellings on yesterday 4 dwellings are already floors, copper plumbing, radiant Mr Burning in this borough from its New He said the decline noted in the m. nil mir i uiu .1 urn Homes. All three sales were of homes eny street, ine Duycrs. wun s0ld or under contract of sale, out heat, and fully insulated side- ninnroe townsnip immedatelyi 1ho tmmr.

olliM.i 17-countv area here, and the sharo tioorest will improve. on noser road. The buvers. with numbers on the street, tne of a total of 79 under construction, walls and ceilings. A picture- aa-Latl nl- in The na 0ices ad Diants droP expected, can be charged not wev The prospective buyer will look street numbers of homes uurchas- following: Mr.

and Mrs. Howard Thomae Park was formerly a 35. window in the living-room and Two of the sales wore on Pyn in Oswego, N. MUSKegon.lV.'r' rc'ull" cu- San Leandro, andilauon.A- but partly to the "short- ed, were the following: Mr. and La Brecque, Mr.

and Mrs. acre estate. The original man- wardrobe closets in the bedrooms da1c avenue. The buyers were Mr. Mrs.

Raymond P. Creed. 9: George A. Regan, 11. Both cou- sion.

over 100 old. still are attractive features. The kit-and Mrs. Walter W. Wilkinson.

1o the size of the lot, to see that he will have sufficient light and fresh air, so that all rooms in the ot private mortgage money." Toronto. Can. and Mrs. Herbert C. Kaufman, pies have taken possession.

Mr. stands and is being utilized as the chens have all modern conven-ftif. and itis. William Conner. As head of' the Hartshorn com- 'I'he Private mortgage money 15; Mr.

and Mrs. H. Richard San-La Brecque is an employe of U. SJfield office. The tract has been fences, and the baths are ceramic Wilkinson is an employe of ders.

7. Gypsum Company. Clark town-parlitioned into plots of approx-tile. i-ovvier Williams, Newark oany publicity and advertising, accouniea largely mr tne Mr. Suto said advertising plans home building decluia up for the fall include the use of nli but Regulation ,11 All purchasers have taken pos- ship.

Mr. Regans employer 15.000 square fpet. Archi- The model home is furnished truckers. Mr. Conner is a chemi- radio, national was the J.

Kingsley Powell borough. lent elevations of brick and wood of Bound Brook. The location isoients of Piscataway town- direct mail, and! 1 nanv of New Brunswick, with Both sales were negotiated byiwith attached garages. convenient to shopping and recre- I '1 isaid. snmcr magazines, dwelling may be used to best advantage, and so that he may have some privacy without continually drawing his shades.

He will inquire into zoning ordinances in the area, and see that his contract of purchase guards him against undesirable restrictions in deeds. Thus he will not buy a dwelling in an area zoned for commerce or industry: and he will not buy with Report 27 Drop Walter C. Letson as sales-man-George Tharas. salesman in thej Mr. Zapowic ascribes the im-ational facilities.

Mrs. Floyd nu T-, ir t.i..:ii. nfTioa r.l i- v.l 1 1 A i ti, i hn 1 1 "ti a Hu'nllino on A OHIO Was gianUHHO Iiom Hgtfr HI KJlii UM I lull us. jjwii" incuirtic aun lbs in uuiiinc i a i i nil. i.rtiiun n.

i i i i oh C. 1,,1 rn in. rt IU I IU Toe rwanno illnriuv S1VP aPPIlts Kaufman kauf-In nualilu His hnncoc (nThnmop P.lr ha cnlr! mil inl VPllUP. A (IWC II1B nil A I 111 a 1 1 a vui null and Baylor University. He was in single-family home building represented the seller and also man, Elizabeth attorneys, repre-the large lots on which they area matter of weeks.

To reach was sold to Mr. and Mrs. the Stalford Mortgage the seller and also Jersey 'erected, and to the moderate price follow Route 29 to Mountain Bielicki. Mr. Cruver is a which provided mortgage Company which pro-and attractive terms.

nue in Bound Brook, and turn stock clerk with K. R. Squibb formerly advertising manager oficame to a halt in the l-eounty the Johnson Murphy Shoe Corn- area early this year, Mr. Riley pany in Newark. He is a member said the 11.620 homes started in of the Advertising Club of New the first quarter of 1951 were 27 Jersey and the National Sales Ex- per cent below the preceding quar ecuttve Club of New York.

ter and 7 per cent below the first cing. iviayiaea mongage nnancing. i xne price per dwelling is left. Trie model home is open lor mmm ni unswicii. mr.

wie- intent to turn the dwelling into a two-family house, if 'restrictions licki is a milling machine opera The seller has a total of 171! The seller has built 34 similar $12,500, with only 5 per cent down inspection every dav. bv deed require one-family only dwellings of this type and lot dwellings in this development. tor with Singer Sewing Machine Company, F.lizabeth. He will learn what utilities are available, including' sewerage, size completed or under construe- All are sold or under contract of tion in Old Post Homes. All but sale.

quarter of 19o0. All four couples have taken pos-j During the third quarter of 1951, water, eas and electricity; and session, ine Droker in all sales five are sold or are under contract! was James A. Harkin. nf House bold iMr. Riley said, "it is expected that of sale.

About Real Estate By Thomas McMorrow PoMlison Home Sold i In Creigluon Manor Andrew Alessi Buys Ambov exclusive auonl for ihi i i i 1 tnan half sin8le" deveTopment The werel 1,1 houses being built for sale closed by Walter Bryhnski. New- Mr. and Mrs. Alfred B. Vickeryi1 ark attorney representing the have bought from Mr.

and Mrs. He added "egulatwn anirt "The number of new home. Seven-Room Dwelling middlsex. July and, Mrs. Lawrence P.

Van Gordon! WOODBKIDGE, July 14 Mr. have bought from Mr and will ask about garbage disposal and fire-protection. He will inquire into transportation, schools, tores. Don't Save Money On Site "Saving money on the site is a penny-wise policy," said Mr. Friday.

"Some sites are actually worth less than nothing, which is to say the dwellings built on them are not worth construction cost. There was a sale last week of a vi led moVtVace nanci, ,7 i one-uau a uup, under constructlon may iinancmg. house, at 1 Curtiss place, Lincoln o(T hv op mnrft Mr. Rrunins has hnilt or. tim 011 Per cent or more i-irunina nas Dm 10 mmi.

nn im and Mrs. Andrew J. Alessi Jr. have1 John G. Powlison the dwelling of bought from Mr.

and Mrs. Albert four and one-half rooms with one-j Aymer a seven-room dwelling on car attached garage at 69 George Chain o' Hills road, located on a avenue, Creighton Manor, located lar dwellings in this development I lm) ThP puvers have taken and all are sold or under contract. The SPHers have of sale. When he gets the t0 Hartrord, to sary commitments, ho will ha hn lot 75 by 514 feet. The buyers will on a lot 65 by 100 feet.

The buy- ix-room dwelling on a street take possession on or about Au- ers have taken possession, the V) more to sell undfr $7,000 fprred by hla employers, Johnson which crosses Livingston avenue from the 14,000 single-family houses started during April, May and June. Forecasting effects of higher construction costs, Mr. Riley said, "half of the new homes planned for the third quarter of this year in the New Yorw area will sell for $12,900 or more, compared ti a median price of $11,200 in 1950 and $10,600 in 1949. Mr. Riley and an aide declined with Mr.

Harkins sales-agent, That house, if close to the avenue, would have brought $12,000 to $15,000: but located in a slum Ellsworth Day of the office of gust 15. The sellers are moving to sellers moving temporarily to the their new home now being com- home of Mrs. Ann Wilkins, pleted by Mr. Aymer on nearby1 Powlison's mother, in Franklin East Cliff road. township.

Mr. Van Gordon is an; Charles R. Hazell of Elizabeth employe of Doggctt-Pfeil Com-; was the broker in the sale. Ludwig pany, chemists, in Springfield. Schneider, associated with Clar- Attorneys for sellers and buy- r.eorge W.

Miller was the broker Ql'K'KLY-LAin FLOORING in the sale. R. E. A. D.

Watson Since a floor of Kentile ran he were attorneys for the seller. neighborhood several blocks away it sold for SR.000. It would cost more to build. walked on immediately after it is Judge George R. Morrison reprc- Anomer section wiii-ik muuwi nf was ers.

respectively, were Bunker (V to the Elliott of Plainfield and Frank A. applied, ilt installation does not senled the buyers and also the to try to explain a survey fiinding interfere with normal household mortgagee. First National Bank of that builders in the area on March activities. Highland Park. ,1 held through ownership, lease may bring less than construction: or a Af Mf FriHav IQ the Welt of Elizabeth.

Sand Hills area. Several fine, or option, six times as many lots as the number of projected single-family dwellings. This compared, the survey showed, to a two-and-a-half to one ratio of lot holdings to proi- House Sold in Colonia Apartment House Sold ccted houses, as of March 1, Anoll.cr Home Sold homes have been erected there, but it is too remote from all conveniences to be liked by the average buyer." Consider Room rianning As to the house itself, Mr. Friday advises that the layout of the rooms be considered first, to see that they provide for comfortable living. The view from the living-room should be agreeable, and allow for opening windows in the summer; its proper location in the house front, side or back-depends on the surroundings.

Mr. Friday likes bedrooms to face west, giving them more jA III Steplicn illc The railroads want to raise fares again for us short-haul passengers, claiming they're losing money on us and that, they have to raise freight rates to get it back. The freight customers don't like that, naturally, and say we ought to carry our own weight. Say the railroads. "Freight shippers and others are insistant that the passenger service, which includes the commuter service, stand on its own feet so as to reduce losses that drain oil freight Quite right, quite trite: we should pay our nwn way.

And so should the shippers, not so? We should not be ineonvencieneed and have to pay extra because the roads are too busy with their freight to run our trains on time. My lady took me out to Fire Island over last eekend, and the trip out cost me S2 extra, and nearly cost me $17, because the train from here to New York was late. The conductor said it was because they had to pick up mail. The Post Office Department, according to my records, as created in 1775, and passenger trains have been running since 1R2R. What Resulted When Train Was I.ale The 7.23, Hint Saturday morning, marie New Brunswick at 7.39, and New York at 8.41, or 13 minutes late: and our Long Island train was the 8.41 precisely.

I grabbed our baqs and we ran; but no use. So we took a train to Babylon, and then a cub to Bay Shore, five miles away, where the Fire Island boats dock. We got to the dock, and there was our boat moving nut. This meant hiring a special boat to cross the Great South Bay at a cost nf $15. But at last we had a break: there were so many weekenders going out to the island that they were running two boats that day.

We ran again, and made it. Time is money, railroad gentlemen, to passengers ho have to make connections; 8nd many nf us do. Run your trains on time, or very nearly, and we will not mind paying you more. What burned me, and cost me $2 cab-fare, and nearly $17. was that the 7.23.

already 11 minutes late, should lose two more minutes getting to New York. Why? Seasonal Rentals at Shore Relow Normal That mob of weekenders was something new. Fire Island is nearly all private cottages, whose occupants go for a splash and come back to their own homes, but last weekend the beach looked like Coney Island. But when I asked the brokers how was business, they all said, "Very The cottages haven't rented; one broker said he had 25 summer places still vacant. "For rent'' signs were up every here and there.

It's a general condition, the same in New Jersey. People are holding onto their money and are weekending in the resorts, or taking cottages for a week or two. instead of for all season. I talked to H. S.

Ward of Ward Realty Company, Point Pleasant, and he says he's making more weekly rentals than ever in his experience, and that the rooming houses and boarding houses are full and running over. He has his houses all full, but "People who used to come for the season are coming now for two weeks or a month." This war-boom we're having has evidently put into the market for summer homes a raft of short-term tenants, but the better-heeled all-season class is decidedly fewer. So if you want a place for a week or two, be prepared to take a beating: but if you can afford a place for the rest of the season, now your chance. It nothing to me. understand: I rented our Fire Island place in May, for the whole season, to the only prospect who came with a cash offer.

Make a bid for a place over Labor Day. and you'll get it, I cheap. The owners prefer all-season tenants They're more quiet, take better care of the house, are less giving to singing Hi-ler, hi-lo. And if you're a commuter, about to be stuck up for another contribution to keep this politically-motivated boom going, don't blame the railroads. They are paying more and are entitled to more, when they give service Blame yourself for not chucking your commutation ticket and moving to your job.

ABIT AN TOWNSHIP. July 14 Mr. and Mrs. William E. Bolton have bought from Terra-Nova Construction Company the five-room dwelling built by the seller at 10 Stephenville parkway, located on a lot 100 by 200 feet, in the seller's development, Stephenville.

The buyers have take posses- Continued on Page Twenty-one Giaquinto Comers TwoMon; Dwellings r'- aw I t. 1 sion. Mr. Bolton is an employe of va Con Weiner Oil Company, Eliza beth. Leichner Timpson of Metuchen, exclusive agents, were the brokers in the sale.

Pcttit Baker, Westfield attorneys, repre- Iha cullur lm-uou Jin RARITAN TOWNSHIP. July 14 Mr. and Mrs. John Giaquinto have transferred title to two more of the dwellings, each of four rooms and each located on a lot of 50 by 105 feet, built by Mr. Giaquinto in his development here.

Both sales were of homes on Park place. The buyers were Mr. and Mrs. Georce Otto and Mr. and Mrs.

Philip L. Reinhardt. The homes are adiaccnt. Mrs. Rein 7 vJL ill V1 .1 Mortgage Company which mortgage financing.

The seller, whose president is i Frank Tufaro has completed 105 1 1 dwellings of fiv and six rooms in Stephenville. and has 154 more 1 HT-M- hardt is Mr. and Mrs. Otto's daughter. Both couples have taken possession.

Scott Scott of Stclton, ex- 'under construction. All are sold or under contract of sale, The seller is now constructing five model homes for a development of larger houses across Oak (Tree road from Stephenville. elusive sales asents, were the brokers in both sales. Arthur Mn. Lrna It.

Mann, wife of Dr. I.rsier Mann, Vrrlh AmhuT nplnmetrisl, lias bought from Mr. and Mrs. Roser II. t'lapp the sellers' residence of seven rooms and two baths, Incited nn a landscaped tract of nearly three acre on Stafford road, Colonia, on which there is also a two-car detached garage.

The Manns ill take pow.ev.inii on October 1. after altering and redecorating. Hie sellers are moving to their newly-built home in I'otnfret. Conn, Mr. lapp Is New Vork sales manager for John A.

Rorbling Sons Company. Mrs. Catherine I'lynn of Meturhen wa the broker In the sale. Attorneys for sellers and buyer, respectively, were Kmil Stremlau of Carteret, and Harold N. Gait of Might, Jorgenxen fc Gast, Perth Amboy, Mr.

and Mrs. Joseph Hory have bought from Mr. and Mrs. Steve Kadi the two-family dwelling, containing two six-room apartments, at 89 Senior street, located on a lot approximately 3R by 100 feet. The buyers ill take possession of one apartment when the sellers vacate.

Mr. Hor is an' employ of Johnson Johnson. Mr. Kadi works at the New Brunswick post offir. Attorneys fnr seller and buyers.

rrsprtively, were John L. Kuhlthau and Geia Stamberger Jr. Reich of New Brunswick represented all parties to the tranter. Jersey Mortgage Company provided mortgage financing. Mr.

Giaquinto has built 12 limilar dwellings in this development. All are sold or under contract of sale, TV F.N PAINTING INDOORS I Interior painting should he don With the room at a temperature of approximately 70 degrees. It is also important for the room I be weil-ventila'ed..