Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1901-06-08
Beautiful New
Allotment on
North Hill

NVl III AAI1Is
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 T.. 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 =. Perkins Of
Massachusetts, who is the second
largest owner and developer of sub
urban properties In this country. The
property will be cut into house lots
and placed on the market within a
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
a 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 & 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 a very unusual one. For a num-
Der Of years he was connected with
Che firm Of Wood, Harmon b Com.
pany. of Boston, New York, Philadea
phia, Pittsburg and % other cities,
occupying through those years posi-
lions Of the highest responsibility and
trust The methods Mr.. Perkins has
used iE 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 q Company, which have brought
to them and to him such 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 figure way below
the prices asked for equally good lots
In the city. This means margin and
q wide one between the price asked and
their true value, and this means a
large benefit Immediately to the pur-
chaser. In other words the apprecia,
ton 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 orgi.
mated by Mr.. Il. Harmon and used for
over ten years. This supulates that II
purchaser of a lot dies before the lot
is paid for the Warranty deed Ia 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
err unusual feature is the Non-E'orfeit
ure Clause whereby purchaser doet
not lose his lot or the money paid II
' ~ hln IN icon thA
through loss Of employment or sick
j ness. Still another Is the opportunit,
|, given a purchaser to sell at any time
=, even though the lot is not pGi ro"
The lots will all be sold on the hNSi,
of 81 down on any lot. To those whC
s wish to pay cash, I'm per cent dis
g count will be made. TO those wit
!. pay on instalments r weekly paymen
:, is arranged on the basis of per cent
of the value of the lot per week. Al
) nh illustration, a 500 lot would b
$1O0 per week, or Il $160 lot, $l.6
& per week. This viii give 100 week
to pay out in during which period M
and no mortgages. The terms, price
l. and Inducements are such as hav,
n never been offered or approached b.
u any one In this part of the country, ant
by no one whomsoever with the on
y exception Of Wood, Harmon & ca
u Three cent car fares to builders will b
IS guaranteed, and SO 600 In cash prize
n will also be offered as premiums 70
building. No auction sales are eve
held. A straight price is put on eac
10 lot and these prices are fixed and opel
Ii to the inspection of any one. There ar
r no band concerts, balloon ascensions O
silverware gifts. The proposition, a
offered the purchasers and the publ
u is a plain, simple, honest straightfOl
II ward business proposition withou
~ flaws, catches or deceptions OF an
is kind. In conversation with MFR. Pei
kins he says that his Tocsin IL Shoi
. Distance, Quick Time One Fourt
the price Of like lots in Akron or vicir
80 ity, together with fair, honest, honol
able treatment Mr. Perkins furthe
more says that inquiries are alresd
coming in with reference to the lots o
the new allotment and also that ever
street will be laid out and built to
grade from engineers profiles and thu
shade trees viii also be plante
throughout the streets. Mr.. Perkir
i also says that all OF his properties al
~ usually sold out entirely in from thr'
to four weeks from the time the pro-
erty is placed on sale, and that partit