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ol . . FIRST ORTGAGES on We make·Firat Mortppl improved North Shore ~rtia. Rec0..d· of the sale of the property owned . by-.llr~- .Bua M. Friedman at 319 Sheridan road, on the lake in Winnetka, has just been made. The land fronts 200 feet on Sheridan road, a few feet north of the Elder Lane park, and is improved with a 3 story modern $hlcco residence situated on the bluff ..-.... _ · overN91img Lake Michigan, with large .ai'aie . ;and quarters on the Sheridan ; ~he house was built by the Friedyears ago and the architeCts were .,ond & Pond. E. Mans. fie1d Jones of the Continental & Commerdal National bank is the purchaser aad will occupy the propert shortly. Htr_1,ert J. Friedman represented the sellers in a legal capacity and Charles E. Pain, the purchaser. The consideration is not disclosed. Arthur C. F. Gedge of the Winnetka office of Hill · Stone was the broker in the sale. · Robert 0. Samuelson has sold his residence· located at 1121 S. Lincoln avenue, Highland Park to William R. Wright and wife, ·the purchasers having taken possession. Arthur c. F. Gedge 0 ·f ·am & Stone's Winnetka office was the broker in the transaction. The same office has sold for the Bartel estate 70 feet of the vacant property on Arbor Vitae Road, Winnetka to Munroe Cole who is erecting a new home on the property. H. D. Hill was the broker. Call or Phone Wilmette 784 · ·.:. ·~:"· . ~ rPf4 f:ronL ..,. ' mans·a few · ·~6 ·· ' FIRST NATIONAL ·Bm;;,: OF WILMETTE 't . ~~ . . ---- . - DOO; · Your Property Need Anv Repairs . . . have i~ miricl. WJimette, Wannetka. Kenilwoi'tb, OfencC»e and other' north shore suburbs-some sort of a fty I" very often tossed into the ointment. This the writer discovered while talking with a Wilmette Realtor who "knows his north shore" and who imparts the information that the .. fty · tossers" · in this case are persons who have been "peddlin'" the information that "owing to vanous forms of depression, the older houses on the north shore may be bought for the value of the land alone." One needs only to glance at the building figures appearing in this issue to be convinced that the so-called "depression" doesn't exist, for the majority of our villages showed healthy gains last year and there is every evidence of a continuation of the rapid stride this year. ....._. AN Aaao,.l This subtle form of "joke," if it may be termed that, has become annoying to Realtors, and undoubtedly _it is a~ noying to those of the buymg publ1c who make the trip from the city only to find that "buying houses for the price of the land" isn't done and can't be done on the north shore. Many of those who sell property on the north shore are facing this new problem,. not alarmed, but conscious that if the practice is continued it ·may develop into harmful propaganda. Any theories that hOines, even the oldest homes can be purchased for the price of the land are not only erroneous but foolish. Face the true situatipn as it exists today, and consider the man who is a home-owner. This man paid considerably less for his land than its present re-sale value and the home he built was inexpensive compared to what it would cost him at today's prices. Now let the prospective purchaser of a house try to duplicate this same house built several years a~o-for its original price less the normal depredation and where does he find himself? · t must be remembered that with ALL depreciation, a house, as Jon~ as it . ~tands, is worth SOMETHING to "0MEONE as a dwelling. That being -=o who would sell a house for NOTHING, accepting only coin of the realm in exchange for the land? There have been few houses that ever c:old for less than some few thousand dollars more than the "value of the land alone." If it could be done Realtors of the north shore probably would quickly band into a syndicate to buy 'up every old house before the outsiders "got next." But Realtors aren't forming any syndicates. ------Houe AlwaJ· Haa Value When a. ~u;aqt~ity louriJ!t~~we · ~· 0. .. ' ·· , · All Grades of Stone, Brick and Cement Work c · Chimneys and Fireplaca R.e-stucco and Waterproof Brashcoat Carpmtry Work ---- . . -- - --- ,. P~UL SCHROEDER i 8 Co. AND The Wilmette. Realty company ~eports the followmg sales: New br1ck colonial.residence at 1357 Ashland avenue, Wilmette, sold for Everette L. Kennedy to P. W. Steitz of Chicago, also a 75 foot lot on Ash street, Winnetka near Berkely avenue sold for P. W. Steitz to E. L. Kennedy: new brick residence at Church road and Hill Terrace, Winnetka, sold for George F. Gonsalves to James D. Elder· of Wilmette; the residence of Mrs. Virginia M. Pritchard at 128 Laurel aYentte, Wilmette sold to E. W. Hewitt of Evanston. New Colonial OD Ashland · Bo · ~·bt bY P· W · Stettz KEEP HEAT FROM ESCAPING hi~h Plenty of ways there are to beat the cost of fueling-if one tackles the problem in grim earnest. Heat stop materials in walls and roof mean big fuel saving; so does weather stripping of various sorts; so does covering, of ~team pipes. · NoRTH SHORE REAL EsTATE. Co. VE D ~T 418, LINDEN A VENUE · ~~ ..TS~SPHONe 698 . ft · ., . ~ .