Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1901-06-06
Beautiful New
Allotment on
North Hill.

One of the largest transfers of real
estate which has occurred in this city
for many months has just been trans
acted through the agency of Il. d.
Coates of the Everett building in the
sale OF tract of about 20 acres, nearly
all lying within the city limits at the
top of North Hill and fronting on
Cuyahoga Falls ave. This property
has been sold to Walter 3. Perkins of
Massachusetts,, who is the second
lnrgest owner and developer of sub.
urban properties in this country. The
property will be cut into house lots
and placed on the market within
very few weeks. The property is one
of the most beautiful that has ever
been allotted in this city, it being level,
high, dry and perfect drainage, with
Il frontage of nearly 800 feet ON two
electric car lines. 1t is only seven
minutes ride from the city with trans
fers and five cent fare on either the
Akron Bedford g. Cleveland or the
Cuyahoga Falls cars, both lines go
ing by the entire frontage. Electric
lights also by the entire frontage The
career of Mr.. Perkins, the owner, has
been very unusual one. For a mum.
ber of years he was connected with
the firm of Wood, Harmon & Com
pany, of Boston, New York, Philadel.
phia, Pittsburg and % other cities,
occupying through those years posi-
tions of the highest responsibility and
trust The methods Mr.. Perkins has
used in his operations and develop.
ment in other cities where he has
developed his own properties are iden-
tical with those used by Wood, Har-
mon & Company, which have brought
To them and to him such a phenomenal
success in every undertaking and de.
velopment. One of the key notes in
building up this success is in securing
the confidence, respect and good will Of
every customer and in impressing up
on each customer the value security,
and absolute worth of the investment
and honest value for every dollar and
IN placing the lots at such price and at
such terms as to be within the reach
and means of wage earners and inves-
tors. This is partially accomplished
by placing the price of the different lots
In any allotment at a figure way below
the prices asked for equally good lots
in the city. This means margin and
a wide one between the price asked and
their true value, and this means a
large benefit Immediately to the pur-
! al, la,
tion in the values begins instantly. Mr..
Perkins integrity, honesty, high stand
ing and reputation in every city in
which he has operated and developed
properties is unquestioned. and the
| business here in Akron will be con-
Quoted in the same honest, open.
square, clean and high class manner
that has stamped all of his work and
development in the many cities where
his offices and properties are located.
Among the features to be offered here is
his Life Insurance Agreement origl-
mated by Mr. Il. Harmon, and used for
over ten years. This stipulates that if
n purchaser OF a lot dies before the lot
is paid for the Warranty deed is given
without any further payments being
required with a receipt for the full
amount of the lot, although only a few
dollars may have been paid in. Anoth-
er unusual feature is the Non Forfeit
ure Clause whereby purchaser does
not lose his lot or the money paid in
If unable to keep up the payments
through loss of employment or sick
ness. Still another is the opportunity
given purchaser to sell at any time
even though the lot Is not paid for.
The lots will all be sold on the basis
OF 81 down ON any lot. 10 those who
wish to pay cash, 1914 per cent dis
count will be made. 10 those who
pay on installments weekly payment
is arranged on the basis of ! per cent
of the value of the lot per week. Al
an illustration, a $40 lot woUi DC
Sl.40 per week, or $160 lot, $l,6t
per week. This will give 100 weeks
to pay out in, during which period nC
interest Is charged, no taxes, no notes
and no mortgages. The terms, prices
and inducements are such as have
|
any one in this part of the country, anC
by no one whomsoever with the on'
exception of Wood, Harmon a.. Co
Three cent car fares to builders will b,
guaranteed, and $1,000 in cash prlze
will also be offered as premiums TO
building. No auction sales are eve
held. A straight price is put on eacl
lot and these prices are fixed and opel
TO the inspection of any one. There ar
no band concerts, balloon ascensions o
silverware gifts. The proposition, n
offered the purchasers and the publ
is plain, simple, honest, Straishtfor
ward business proposition withou
flaws, catches or deceptions of an
kind. In conversation with Mr., Pei
lins he says that his Tocsin is Shor
Distance, Quick Time, One-Fourtl
the price of like lots in Akron or vtcin
ity, together with fair. honest, honor
able treatment. Mr.. Perkins further
more says that inquiries are alread
coming in with reference 10 the lots o
the new allotment and also that ever
street win be laid out and built to
grade from engineers prohleS and tina
shade trees VIII also be plante
throughout the streets. Mr. Perkin
also says that all of his properties al
usually sold out entirely in from thre
to four weeks from the time the prol
erty is placed ON sale, and that partle