Oakland Tribune from Oakland, California • Page 23

-v-, xm.v r-. BUILDING BAROMETER REACHES HIGH MAW IN lRAA ESTATES PS nil jaw .1. 1 4 111'? Jf 1 I IIP I 4 -J" III a jt I 11 I iiiiiiiii 5 sv DEVELOPMENT RE A ESTATE DISPLAY CLASSIFIED akl Aub2irr itmnc OAKLAND, CALIFORNIA, SUNDAY, AUGUST 14, 193 1 Many New Homes Rise in Scenic Fred Wood Co. Tract 5 5i. Sk Z.

I i Of all the homes built thus far In the two properties, there is not one for sale. These people are here because they appreciate the warm, dry climate, they their gardens and hobbies and barbecue pits, their y4" children are healthy and happy and they intend to remain. The Federal Housing Administration, has approved Moraga Estates and Moraga Woodlands for home loans, and many people are taking advantage of its single-transaction financing plan. This assistance, plus the Jow prices at which building sites are still selling, is a constant Sales of building sites, and the start of construction on new homes in Moraga Estates and Moraga Woodlands, are reported by the office of Fred T. Wood developers of those properties, in numbers that are well ahead of seasonal averages.

Newcomers reported among lot purchasers include Walter Ives Christie, Dr. James Roher, Ora Ellis, Henry F. Graef and Don G. Yeager. Both tracts front on the Moraga Highway, and the main office is located at the junction of the Orlnda and Moraga Highways with the Tunnel Hoad.

$400,000 IN HOMES "The sensational development of Moraga Estates and Moraga Woodlands is making real estate history," states Fred T. Wood, head of Fred incentive to every family to enjoy the prestige and security which go with owning your own home." ill 0 Lakewood Notes Upward Trend T. Wood Inc. "The homes already built and under way in the properties will represent the investment of more than $400,000. More build 5 ing sites are befng sold, and more new homes are being planned aJltt Activity in Lakedood Estates Is 4 Via 4vi Valxne ttt ficino an A nrtr I m.

the time. Values are rising, and por tizZ. i definitely showing an upward trend, as evidenced by the record of properties purchased in recent weeks, according to R. N. Burgess.

"The new owners include both Alameda and Contra Costa resi tfve direction," Carr said. "From NEW EXECUTIVE dents," Burgess states. "They are Big Dividend Paid By Savings Groups Savings, building and loan associations paid $523,000,000 the first nearly 30 years of experience we know that our customers appreciate dealing directly with executives, with those, who have authority to make loans. tions of a number of the larger sites have been sold by their first purchasers at a profit. We have further improved the streets and have cleared the brush from large areas.

Residents are constantly bringing their friends to show them the advantages and pleasures of this new way of life in the country, and many of them purchase sites near by. VISITORS IMPRESSED "Every visitor to Moraga Estates nd Moraga Woodlands is impressed with the fact that they form together one friendly community of homes. 00,000 IN MW MOMKE5 "The officers ard directors of the MorriTPIan Names Brower Executive E. B. Brower has been named executive vice-president and director of the Morris Plan Company of Oakland, according to an announcement by Owen C.

Carr, president of the institution. 4 Brower, who resigned as vice-president of the, Morris Plan Bank of Virginia, came here directly from Roanoke, Va where he was in attracted by Lakeweod's unusual opportnnities for outdoor recreation, in addition to the climatic and other residential advantages. "We are extending guest privileges for the recreational facilities to a limited number of non-residents, upon request, and an invitation Is extended to visit Lakewood Estates on week days or Sundays." half of this year to their savers and investors. This estimate is given by the United States Building and Loan League, National trade organization of the thrift and home financing Morris Plan Company of Oakland consider themselves fortunate in having been able to persuade Brower to join their organization in -Oakland. He brings to us the personality, ability and experience which will greatly aid our institution in keeping pace with Eastbay institutions.

The turnover is approximately 10 Some of the homes are modest, and some are large and costly, but they all reflect the qualities that make Lakewood is located Just a mile if pif per cent of the total assets of this Walnut Creek, for permanence and pleasant living, i north of group of institutions, and represents one of the normal functions of the associations' long time program of helping the average man take care progress." To Revive a Room When a. room needs perking up. go over the furniture vfith a coat of charge of the Roanoke branch of the bank. Before joining the Morris Plan institution seven years ago, Brower had been Identified with the of himself, according E. C.

Baltz, Washington, president of the league. Dividends paid out in cash on WBchovia Bank and Trust Company and the Merchants Bank and Trust Company, both of Winston-Salem, paint a shade darker (Kan is on the walls and see how easily the beauty of the room is revived. lump sum accounts of investors accounted for about $50,000,000 of the disbursement, C. He was treasurer of the latter institution. He also was with Ernst Ernst, nationally known firm of mm mm E.

B. Brower. newly ap certified public accountants, for period of three years. "Growth of the Oakland Morris Plan and the expansion of its serv pointed executive vice-president of the Morris Plan Company of Oakland ices and facilities have created a definite need for additional execu 800 to 824 Broadway, Oakland Established 1900 CL encourt 7695. One of the Finest Most Complete Hardware Stores in the United States Featuring Nearly all the most popular lines in fine BUILDERS HARDWARE The most spectacular growth recorded in many years has been made in Moraga Estates and Moraga Woodlands during this first year of their development.

More than $400,000 is represented in the homes that have been completed and that are under way. NOW OFFERING CHOICE LOTS IN BOTH FIRST AND SECOND UNITS The completion of improvements in the second unit adds thirty specially fine lots to this beautiful San Leandro tract now available at Visit theseNproperties and see this astonishing growth 1 here are many types of home loans, but only one that's best for you We will be glad to help you in arranging a home finance plan adapted to the type of your property, your income, and other factors. If you plan to buy or build, come in and see us. REASONABLE PRICES AND EASY TERMS See This Attractive Three-Bedroom Home Modernistic, Period Designs in Lock Sets also Colorful Designs to Match Your Decorative Scheme. for yourself.

Yftu will be amazed at the values offered will be charmed with the possibilities for a new, healthier and happier way of living. City water, gas, electricity, streets, telephone service. Low taxes. F.H.A. loans.

Half-acre building sites as low as 1 000. Plan for yourself the pleasure and prestige of a new home in the DRIVE OUT and let us show you how easily you catT begin a new way of life. To get her: Drive through new Broadway Tunnel to junction of Moraga and Orinda Highways. 15 minutes from downtown Oakland. FRED T.

WOOD, INC. 1727 FnnMi. Stmt CR 'nit 31 4 kil kll 1.2, F. Well appointed Sample Rooms, wfhfl comfortable seats, all on the Moin JHI IflTM Wit II XI Hardware Experts that haTemany Approved for 20-yejr F.HA loan of $6400 PRICE $7250 This is one of the finest homes on the trsct Located on a splendid lot at Superior Avenue. Come out today and see this and other homes.

Drive out East 14th Stret to Duttoo Avenue, turn left to Superior Arenue, nr ria Foothill Boulevard to Duttoo Avenue, right to Superior Avenue and tract. BroJwijrt I4th Street Telrgnph Are. 49th Stmt Frnirr.lt Arc 1 4th Stmt ItTlItDO IXVINGTON MA1TITILU Nltll years experience to help you make your selection. Our very large selection and reasonable prices will be sure to please you. See Our Beautiful New Chrome end Colorful Kifchtn Hardwore end Bofh-roem Fittings et SarpriilnJy Lew Prices 1 1J it i 1 C-; Oirnrrt mnd BuilJfrt 605 Dutton Avenue Son Leandro ffiBtY-BRos.