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wl January 14, 1928 WINNETKA TALK 59 Glencoe's New Telephone Office 1" $x 70U'D never recognize it! exclaimed a Glencoe resident as he stood gaz- ing at the remodeled and enlarged Glencoe home of the Illinois Bell Telephone Company. what the arc h'i- tects and builders had done to the origin- al building. For Glen- coe now boasts one of the most attrac tive and distinc- tive struc- tures of its kind in the beauti- ful Tudor Gothic building as it appears today. And sure enough, you wouldn't unless someone told you The original building was enlarged and remodeled to provide additional space for the operating and terminal rooms and operators' north wall was taken out and the structure widened ten feet. The Part of the quarters. rear wall was removed to permit a twenty-foot extension. Buying House for Price of the Land Not Done on the N.S. By Ray C. Pearson When a community flourishes--we have in mind, Wilmette, Winnetka, Kenilworth, Glencoe and other north shore suburbs--some sort of a fly is very often tossed into the ointment. This the writer discovered while taik- ing with a Wilmette Realtor who "knows his north shore" and who imparts the information that the "fly tossers" in this case are persons who have been "peddling" the information that "owing to various forms of de- pression, 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 "de- pression" doesn't exist, for the majority of our villages showed healthy gains This subtle form of "joke," if it may be termed that, has become annoying to Realtors, and undoubtedly it is an- noying to those of the buying public 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 homes, even the oldest homes can be purchased for the price of the land are not only erron- eous but foolish. Face the true situation as it exists today, and con- sider 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 ago--for its original price less the normal deprecia- tion and where does he find himself? It must be remembered that with ALL depreciation, a house, as long as it stands, is worth SOMETHING to SOMEONE as a dwelling. That being so who would sell a house for NOTH- ING, accepting only coin of the realm in exchange for the land? There have been few houses that ever sold for less than some few. thousand dollars more than the 'value of the land alone." If it could be done Real- tors of the north shore probably would quickly band into a syndicate to buy up every old house before the out- siders "got next." But Realtors ! aren't forming any syndicates. Hathaway G. Kemper Buys Bichl House on Chestnut Avenue One of the most important realty deals in Wilmette during the last month was the sale of the old Girard J. Bich! residence at 1120 Chestnut avenue to Hathaway G. Kemper, vice- president of the J. S. Hathaway In- surance company. This transaction was announced by George Kroll of Kroll and Smith, with offices on Fourth street, Wilmette. The consideration was undisclosed. The house is just to the west of the present Bichl home on Chestnut ave- nue, which is featured by a sunken garden. The house is on a lot with a frontage of 100 feet and the depth is 290 feet. At present the property is being remodeled. Mr. Kemper plans to move into his new home next month. Kroll and Smith also announced the sale of a 100-ft corner at May terrace and Orchard lane in Glencoe to Ray C. Pearson of Wilmette. This lot is in the sub-division known as Glencoe Gardens. The consideration was not disclosed. B. S. Gelder was the seller and the buyer was represented by George Kroll AT VERY L 0 A N S LOWEST RATES On Vacant and 2nd Mortgages P. W. Bradstreet & Son 788 Elm St. Winnetka 162 ALL THE PLUMBING FOR WHICH You PAY- AT THIS SHOP'S GOT JOT D & OU'LL put your O. K. on our plumbing and on the bill that we render you. Our plumb- ing is scientific and sanitary. Our bills are less than expected. Let us inspect the plumbing of your home and do the necessary work upon it. You'll be pleased with the result. Phone 874 ~464 S.J.STEFFENS 723 OAK ST. WINNETKA,ILL. Superior 6481-2-3-4 Greenleaf 3456 vv VV VV VV VV VV VV VVYVYVvVYY OIL TO BURN A GRADE FOR EVERY BURNER HUGHES OIL COMPANY General Offices, 844 Rush Street North Shore plant, Howard at MgCormick Blvd. Telephones: Se ea a a a a a SS es et lint Niles Center 217 Rogers Park 0982 tice ld Building and Loan Association of Evanston, (Inc.) Under State Supervision Promotes Thrift and Home Ownership Pays highest interest consistent with safety. 513 Davis St. Phone Greenleaf 1617 | 735 ELM STREET Builder's Hardware A Most complete Assortment of BUILDER'S HARDWARE The standard make of Tools Eckart Hardware Co. "WIN NERA PHONES 843-844